Margaret M Bloomfield Family Foundation
Margaret M Bloomfield Family Foundation shows significant financial volatility with zero officer compensation.
EIN: 206156014 · Manhattan Bch, CA · NTEE: T22 · Updated: 2026-03-28
Is Margaret M Bloomfield Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Margaret M Bloomfield Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Margaret M Bloomfield Family Foundation
Margaret M Bloomfield Family Foundation (EIN: 206156014) is a nonprofit organization based in Manhattan Bch, CA, classified under NTEE code T22. The organization reported total revenue of $20.6M and total assets of $46.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Margaret M Bloomfield Family Foundation'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 Margaret M Bloomfield 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, Margaret M Bloomfield 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.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly favorable for minimizing administrative overhead.
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 Margaret M Bloomfield Family Foundation's IRS 990 filings:
- Significant year-over-year financial volatility in revenue and expenses, making consistent financial planning difficult to assess.
- Substantial asset decrease from $94,243,987 in 2021 to $36,815,142 in 2022, indicating a large outflow of funds or investment losses.
Strengths
The following positive indicators were identified for Margaret M Bloomfield Family Foundation:
- Consistent reporting of 0% officer compensation, demonstrating a commitment to minimizing executive overhead.
- Substantial asset base ($46,179,898 latest reported) provides significant capacity for future grant-making.
- History of significant grant-making activity, as evidenced by large expense figures in certain years (e.g., $40,352,481 in 2022).
Frequently Asked Questions about Margaret M Bloomfield Family Foundation
Is Margaret M Bloomfield Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Margaret M Bloomfield Family Foundation (EIN: 206156014) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Margaret M Bloomfield Family Foundation spend its money?
Margaret M Bloomfield Family Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Margaret M Bloomfield Family Foundation tax-deductible?
Margaret M Bloomfield Family Foundation is registered as a tax-exempt nonprofit (EIN: 206156014). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Margaret M Bloomfield Family Foundation a good charity?
Based on the available data, the foundation appears to be a good charity in terms of executive compensation (0%) and its likely focus on grant-making. However, the significant year-to-year financial volatility requires a deeper understanding of its grant distribution strategy to fully assess its consistent impact.
Why are the revenues and expenses so inconsistent year-to-year?
The inconsistency in revenues and expenses is common for family foundations that may receive large, infrequent contributions or make substantial, multi-year grants, leading to large swings in reported figures. For example, in 2022, expenses were $40,352,481 against revenue of $1,302,932, suggesting a large grant payout or investment loss, while in 2020, revenue was $24,718,641 against expenses of $4,275,889, indicating significant income or investment gains.
What is the primary purpose of this foundation given its NTEE code T22?
The NTEE code T22 typically refers to 'Private Grantmaking Foundations.' This indicates that the foundation's primary purpose is to provide financial support (grants) to other organizations or individuals, rather than directly operating programs itself.
Filing History
IRS 990 filing history for Margaret M Bloomfield Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Margaret M Bloomfield Family Foundation's revenue has declined by 92.9%, moving from $29.6M to $2.1M. Total assets increased by 19.4% over the same period, from $35.5M to $42.4M. Total functional expenses rose by 370.2%, from $640K to $3.0M. In its most recent filing year (2023), Margaret M Bloomfield Family Foundation reported a deficit of $897K, with expenses exceeding revenue. The organization holds $73K in liabilities against $42.4M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $42.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $2.1M | $3.0M | $42.4M | $73K | — | — |
| 2022 | $1.3M | $40.4M | $36.8M | $1 | — | View 990 |
| 2021 | $3.2M | $3.9M | $94.2M | $249K | — | View 990 |
| 2020 | $24.7M | $4.3M | $85.8M | $1.8M | — | — |
| 2019 | $3.0M | $3.8M | $79.5M | $194K | — | — |
| 2015 | $3.7M | $2.8M | $64.5M | $177K | — | View 990 |
| 2014 | $5.6M | $3.4M | $65.7M | $204K | — | View 990 |
| 2013 | $15.5M | $1.9M | $64.9M | $240K | — | View 990 |
| 2012 | $5.7M | $2.2M | $39.2M | $0 | — | View 990 |
| 2011 | $29.6M | $640K | $35.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.1M, expenses of $3.0M, and assets of $42.4M (revenue +62.3% year-over-year).
- 2022: Revenue of $1.3M, expenses of $40.4M, and assets of $36.8M (revenue -59.2% year-over-year).
- 2021: Revenue of $3.2M, expenses of $3.9M, and assets of $94.2M (revenue -87.1% year-over-year).
- 2020: Revenue of $24.7M, expenses of $4.3M, and assets of $85.8M (revenue +720.8% year-over-year).
- 2019: Revenue of $3.0M, expenses of $3.8M, and assets of $79.5M (revenue -17.7% year-over-year).
- 2015: Revenue of $3.7M, expenses of $2.8M, and assets of $64.5M (revenue -35.2% year-over-year).
- 2014: Revenue of $5.6M, expenses of $3.4M, and assets of $65.7M (revenue -63.5% year-over-year).
- 2013: Revenue of $15.5M, expenses of $1.9M, and assets of $64.9M (revenue +169.8% year-over-year).
- 2012: Revenue of $5.7M, expenses of $2.2M, and assets of $39.2M (revenue -80.6% year-over-year).
- 2011: Revenue of $29.6M, expenses of $640K, and assets of $35.5M.
Data Sources and Methodology
This transparency report for Margaret M Bloomfield 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.