Kurtz Family Foundation
Kurtz Family Foundation consistently distributes more than its annual revenue, drawing from a substantial asset base with no reported officer compensation.
EIN: 202018993 · Winston Salem, NC · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $315K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $2.8 |
| Net Assets | $2.8M |
| Transparency Score | 85/100 |
Is Kurtz Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kurtz Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kurtz Family Foundation
Kurtz Family Foundation (EIN: 202018993) is a nonprofit organization based in Winston Salem, NC, classified under NTEE code T20. The organization reported total revenue of $1.3M and total assets of $3.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kurtz Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kurtz Family Foundation is a mid-size nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 29.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $305K |
| Total Expenses | $315K |
| Surplus / Deficit | $-9,992 |
| Total Assets | $2.8M |
| Total Liabilities | $1 |
| Net Assets | $2.8M |
| Operating Margin | -3.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 107.7 months |
Financial Health Grade: B
In 2023, Kurtz Family Foundation reported a deficit of $10K with expenses exceeding revenue, holds 107.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Kurtz Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 29.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +442.4% | +6.8% | -0.4% |
| 2022 | -78.1% | +5.9% | -7.8% |
| 2021 | +43.5% | +1.0% | -0.7% |
| 2020 | +8.5% | +42.7% | -3.0% |
| 2019 | +883.9% | +278.1% | +290.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Kurtz Family Foundation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Kurtz Family Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $10K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the foundation's leadership is either unpaid or compensated through non-officer channels, which is highly efficient for an organization with assets over $2.8 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Kurtz Family Foundation's IRS 990 filings:
- Consistent annual expenses exceeding revenue, leading to asset drawdowns (e.g., $315,287 expenses vs. $305,295 revenue in 2023).
Strengths
The following positive indicators were identified for Kurtz Family Foundation:
- Zero reported officer compensation across all filings, indicating high efficiency.
- Maintains a substantial asset base (e.g., $2,829,914 in 2023) to support its mission.
- Consistent IRS 990 filing history, demonstrating transparency.
- Minimal liabilities reported ($1 or $377), indicating sound financial management.
Frequently Asked Questions about Kurtz Family Foundation
Is Kurtz Family Foundation a legitimate charity?
Kurtz Family Foundation (EIN: 202018993) is a registered tax-exempt nonprofit based in North Carolina. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.3M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Kurtz Family Foundation spend its money?
Kurtz Family Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Kurtz Family Foundation tax-deductible?
Kurtz Family Foundation is registered as a tax-exempt nonprofit (EIN: 202018993). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Kurtz Family Foundation CEO make?
Kurtz Family Foundation's highest-compensated officer earns $2.8 annually. The organization reported $1.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Kurtz Family Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Kurtz Family Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Kurtz Family Foundation located?
Kurtz Family Foundation is headquartered in Winston Salem, North Carolina and files with the IRS under EIN 202018993. It is classified under NTEE code T20.
How many years of IRS 990 filings does Kurtz Family Foundation have?
Kurtz Family Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.3M in total revenue.
Is the Kurtz Family Foundation financially stable?
Yes, while the foundation consistently spends more than its annual revenue, it maintains a substantial asset base (e.g., $2,829,914 in 2023) to support its operations, which is typical for a private foundation distributing grants from an endowment.
How efficient is the Kurtz Family Foundation with its spending?
The foundation appears highly efficient, reporting 0% officer compensation across all filings, suggesting minimal overhead for leadership and a focus on its mission.
What is the primary activity of the Kurtz Family Foundation?
As a private foundation (NTEE Code T20), its primary activity is typically grantmaking to other organizations or individuals, funded by its endowment.
Filing History
IRS 990 filing history for Kurtz Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Kurtz Family Foundation's revenue has grown by 2161.1%, moving from $14K to $305K. Total assets increased by 633.6% over the same period, from $386K to $2.8M. Total functional expenses rose by 1374%, from $21K to $315K. In its most recent filing year (2023), Kurtz Family Foundation reported a deficit of $10K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $305K | $315K | $2.8M | $1 | — | — |
| 2022 | $56K | $295K | $2.8M | $1 | — | View 990 |
| 2021 | $257K | $279K | $3.1M | $377 | — | View 990 |
| 2020 | $179K | $276K | $3.1M | $1 | — | — |
| 2019 | $165K | $193K | $3.2M | $1 | — | View 990 |
| 2015 | $17K | $51K | $820K | $1 | — | View 990 |
| 2014 | $320K | $26K | $853K | $1 | — | View 990 |
| 2013 | $213K | $25K | $559K | $1 | — | View 990 |
| 2012 | $10K | $25K | $371K | $1 | — | View 990 |
| 2011 | $14K | $21K | $386K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $305K, expenses of $315K, and assets of $2.8M (revenue +442.4% year-over-year).
- 2022: Revenue of $56K, expenses of $295K, and assets of $2.8M (revenue -78.1% year-over-year).
- 2021: Revenue of $257K, expenses of $279K, and assets of $3.1M (revenue +43.5% year-over-year).
- 2020: Revenue of $179K, expenses of $276K, and assets of $3.1M (revenue +8.5% year-over-year).
- 2019: Revenue of $165K, expenses of $193K, and assets of $3.2M (revenue +883.9% year-over-year).
- 2015: Revenue of $17K, expenses of $51K, and assets of $820K (revenue -94.8% year-over-year).
- 2014: Revenue of $320K, expenses of $26K, and assets of $853K (revenue +50.3% year-over-year).
- 2013: Revenue of $213K, expenses of $25K, and assets of $559K (revenue +1932.8% year-over-year).
- 2012: Revenue of $10K, expenses of $25K, and assets of $371K (revenue -22.5% year-over-year).
- 2011: Revenue of $14K, expenses of $21K, and assets of $386K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kurtz Family Foundation:
Data Sources and Methodology
This transparency report for Kurtz Family Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.