Mannheimer Foundation Inc
Mannheimer Foundation: Consistent Revenue, Stable Assets, and Low Overhead
EIN: 221851590 · Homestead, FL · Updated: 2026-04-04
Is Mannheimer Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mannheimer Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mannheimer Foundation Inc
Mannheimer Foundation Inc (EIN: 221851590) is a nonprofit organization based in Homestead, FL. The organization reported total revenue of $10.0M and total assets of $23.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mannheimer Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Mannheimer Foundation Inc 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Mannheimer Foundation Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, indicating that the foundation's leadership may be entirely volunteer-based or compensated through an unstated mechanism, which warrants further inquiry.
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.
Strengths
The following positive indicators were identified for Mannheimer Foundation Inc:
- Consistently low administrative and fundraising costs, with program expenses dominating total expenditures.
- Stable asset base and consistent revenue generation over multiple years.
- Zero reported executive compensation suggests a highly efficient or volunteer-driven leadership model.
- Strong financial health with revenue consistently exceeding expenses in recent years.
Frequently Asked Questions about Mannheimer Foundation Inc
Is Mannheimer Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Mannheimer Foundation Inc (EIN: 221851590) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does Mannheimer Foundation Inc spend its money?
Mannheimer Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mannheimer Foundation Inc tax-deductible?
Mannheimer Foundation Inc is registered as a tax-exempt nonprofit (EIN: 221851590). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Mannheimer Foundation Inc do?
Mannheimer Foundation Inc is a nonprofit organization in the Unknown sector, located in Homestead, Florida. It is classified under NTEE code Unknown.
How much revenue does Mannheimer Foundation Inc have?
Mannheimer Foundation Inc reported total revenue of $9,997,793. Based on 9 IRS 990 filings on record.
What are Mannheimer Foundation Inc's total assets?
Mannheimer Foundation Inc holds total assets of $23,917,044 as reported in IRS 990 filings.
Where is Mannheimer Foundation Inc located?
Mannheimer Foundation Inc is based in Homestead, Florida.
What is Mannheimer Foundation Inc's EIN?
Mannheimer Foundation Inc's Employer Identification Number (EIN) is 221851590. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Mannheimer Foundation Inc?
Mannheimer Foundation Inc is classified under NTEE code Unknown (Unknown).
Is Mannheimer Foundation Inc a registered 501(c)(3)?
Mannheimer Foundation Inc appears in IRS records (EIN: 221851590). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Mannheimer Foundation Inc file IRS Form 990?
Yes, Mannheimer Foundation Inc has 9 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Mannheimer Foundation Inc's revenue in 2023?
In the 202312 filing period, Mannheimer Foundation Inc reported total revenue of $9,218,836, total expenses of $7,482,085, and net assets of $23,256,337.
Is Mannheimer Foundation Inc's revenue growing or declining?
Mannheimer Foundation Inc's revenue is growing. Revenue went from $6,501,092 (202212) to $9,218,836 (202312), a +41.8% change. Based on 9 filings on record.
What is Mannheimer Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Mannheimer Foundation Inc covers tax period 202312. It shows revenue of $9,218,836, expenses of $7,482,085, total assets of $23,256,337, and liabilities of $722,459.
How much does Mannheimer Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Mannheimer Foundation Inc allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Mannheimer Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Mannheimer Foundation Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Mannheimer Foundation Inc's strengths?
Positive indicators for Mannheimer Foundation Inc include: Consistently low administrative and fundraising costs, with program expenses dominating total expenditures.. Stable asset base and consistent revenue generation over multiple years.. Zero reported executive compensation suggests a highly efficient or volunteer-driven leadership model.. Strong financial health with revenue consistently exceeding expenses in recent years.. These findings are derived from AI analysis of the organization's financial filings.
How does Mannheimer Foundation Inc compensate executives?
Executive compensation is reported as $0 across all available filings, indicating that the foundation's leadership may be entirely volunteer-based or compensated through an unstated mechanism, which warrants further inquiry. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of $0 executive compensation, how does the Mannheimer Foundation attract and retain high-level leadership and ensure effective governance?
The consistent $0 executive compensation suggests a strong reliance on volunteer leadership or a unique funding model for executive roles not reflected in these filings. This could indicate a highly dedicated board or external support, but also raises questions about long-term sustainability and succession planning for key roles.
What specific programs or initiatives does the Mannheimer Foundation fund, given its substantial program service expenses and consistent revenue?
While the filings show significant program service expenses (e.g., $7,224,590 in 2023), the data provided does not detail the specific programs or initiatives that these funds support. Understanding the nature and impact of these programs would provide a more complete picture of the foundation's mission fulfillment.
Filing History
IRS 990 filing history for Mannheimer Foundation Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2023), Mannheimer Foundation Inc's revenue has grown by 26.1%, moving from $7.3M to $9.2M. Total assets increased by 22.7% over the same period, from $19.0M to $23.3M. Total functional expenses rose by 14.9%, from $6.5M to $7.5M. In its most recent filing year (2023), Mannheimer Foundation Inc reported a surplus of $1.7M, with revenue exceeding expenses. The organization holds $722K in liabilities against $23.3M in assets (debt-to-asset ratio: 3.1%), resulting in net assets of $22.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $9.2M | $7.5M | $23.3M | $722K | — | — |
| 2022 | $6.5M | $7.0M | $21.3M | $501K | — | View 990 |
| 2021 | $6.5M | $6.3M | $21.6M | $352K | — | View 990 |
| 2020 | $6.1M | $6.4M | $22.0M | $970K | — | — |
| 2019 | $6.1M | $6.5M | $21.8M | $507K | — | View 990 |
| 2015 | $7.2M | $6.5M | $21.5M | $30K | — | View 990 |
| 2013 | $7.3M | $6.6M | $19.7M | $204K | — | View 990 |
| 2012 | $6.4M | $6.3M | $19.0M | $143K | — | View 990 |
| 2011 | $7.3M | $6.5M | $19.0M | $197K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.2M, expenses of $7.5M, and assets of $23.3M (revenue +41.8% year-over-year).
- 2022: Revenue of $6.5M, expenses of $7.0M, and assets of $21.3M (revenue -0.2% year-over-year).
- 2021: Revenue of $6.5M, expenses of $6.3M, and assets of $21.6M (revenue +6.1% year-over-year).
- 2020: Revenue of $6.1M, expenses of $6.4M, and assets of $22.0M (revenue +0.7% year-over-year).
- 2019: Revenue of $6.1M, expenses of $6.5M, and assets of $21.8M (revenue -15.0% year-over-year).
- 2015: Revenue of $7.2M, expenses of $6.5M, and assets of $21.5M (revenue -1.5% year-over-year).
- 2013: Revenue of $7.3M, expenses of $6.6M, and assets of $19.7M (revenue +13.3% year-over-year).
- 2012: Revenue of $6.4M, expenses of $6.3M, and assets of $19.0M (revenue -12.1% year-over-year).
- 2011: Revenue of $7.3M, expenses of $6.5M, and assets of $19.0M.
Data Sources and Methodology
This transparency report for Mannheimer Foundation Inc 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.