Margaret Patricia Eagan Charitable Foundation Trust
Margaret Patricia Eagan Charitable Foundation Trust shows consistent asset growth and no paid executive compensation.
EIN: 206387495 · Ivoryton, CT · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $141K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $2.4M |
| Transparency Score | 92/100 |
Is Margaret Patricia Eagan Charitable Foundation Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Margaret Patricia Eagan Charitable Foundation Trust directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Margaret Patricia Eagan Charitable Foundation Trust
Margaret Patricia Eagan Charitable Foundation Trust (EIN: 206387495) is a nonprofit organization based in Ivoryton, CT, classified under NTEE code B82. The organization reported total revenue of $2.0M and total assets of $3.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Margaret Patricia Eagan Charitable Foundation Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Margaret Patricia Eagan Charitable Foundation Trust is a mid-size nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $320K |
| Total Expenses | $141K |
| Surplus / Deficit | +$178K |
| Total Assets | $2.4M |
| Total Liabilities | $1 |
| Net Assets | $2.4M |
| Operating Margin | 55.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 200.1 months |
Financial Health Grade: A
In 2023, Margaret Patricia Eagan Charitable Foundation Trust reported a surplus of $178K with revenue exceeding expenses, holds 200.1 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), Margaret Patricia Eagan Charitable Foundation Trust's revenue has grown at a compound annual growth rate (CAGR) of 12.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -108.9% | -34.9% | -19.5% |
| 2021 | -36.5% | +97.8% | -0.5% |
| 2020 | +87.8% | -22.2% | +16.5% |
| 2019 | +1858.6% | -32.7% | +19.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Margaret Patricia Eagan Charitable Foundation Trust with a Mission Score of 92 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 Patricia Eagan Charitable Foundation Trust 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 surplus of $178K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all filings, indicating that the organization's officers are unpaid, which is a strong positive for a foundation of its size with assets over $2 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Margaret Patricia Eagan Charitable Foundation Trust's IRS 990 filings:
- Negative revenue reported in 2022 ($-12,857), which warrants further investigation into its cause, though it appears to be an isolated incident.
Strengths
The following positive indicators were identified for Margaret Patricia Eagan Charitable Foundation Trust:
- Consistent asset growth, increasing from $1.15M in 2011 to $2.36M in 2023.
- Zero executive compensation, indicating efficient use of funds for its mission.
- Very low liabilities ($1 reported consistently), suggesting strong financial stability and low risk.
- Expenses consistently well below revenue, allowing for asset accumulation and program support.
- Clear and consistent financial reporting through IRS 990 filings.
Frequently Asked Questions about Margaret Patricia Eagan Charitable Foundation Trust
Is Margaret Patricia Eagan Charitable Foundation Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Margaret Patricia Eagan Charitable Foundation Trust (EIN: 206387495) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Margaret Patricia Eagan Charitable Foundation Trust spend its money?
Margaret Patricia Eagan Charitable Foundation Trust directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Margaret Patricia Eagan Charitable Foundation Trust tax-deductible?
Margaret Patricia Eagan Charitable Foundation Trust is registered as a tax-exempt nonprofit (EIN: 206387495). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Margaret Patricia Eagan Charitable Foundation Trust CEO make?
Margaret Patricia Eagan Charitable Foundation Trust's highest-compensated officer earns $2 annually. The organization reported $2.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Margaret Patricia Eagan Charitable Foundation Trust compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Margaret Patricia Eagan Charitable Foundation Trust is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Margaret Patricia Eagan Charitable Foundation Trust located?
Margaret Patricia Eagan Charitable Foundation Trust is headquartered in Ivoryton, Connecticut and files with the IRS under EIN 206387495. It is classified under NTEE code B82.
How many years of IRS 990 filings does Margaret Patricia Eagan Charitable Foundation Trust have?
Margaret Patricia Eagan Charitable Foundation Trust 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 $2.0M in total revenue.
What is the primary purpose of the Margaret Patricia Eagan Charitable Foundation Trust?
Based on its NTEE code B82 (Foundations (General)) and financial patterns, the trust primarily functions as a grant-making organization, managing its assets to distribute funds to other charitable causes.
How has the organization's asset base changed over time?
The organization's assets have shown consistent growth, increasing from $1,153,032 in 2011 to $2,359,074 in 2023, indicating effective asset management and accumulation.
Does the organization pay its officers or executives?
No, the organization consistently reports 0% officer compensation across all available filings, meaning its leadership is unpaid.
Filing History
IRS 990 filing history for Margaret Patricia Eagan Charitable Foundation Trust showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Margaret Patricia Eagan Charitable Foundation Trust's revenue has grown by 309.1%, moving from $78K to $320K. Total assets increased by 104.6% over the same period, from $1.2M to $2.4M. Total functional expenses rose by 139.8%, from $59K to $141K. In its most recent filing year (2023), Margaret Patricia Eagan Charitable Foundation Trust reported a surplus of $178K, with revenue exceeding expenses. The organization holds $1 in liabilities against $2.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $320K | $141K | $2.4M | $1 | — | — |
| 2022 | $-12,857 | $81K | $1.3M | $1 | — | View 990 |
| 2021 | $144K | $125K | $1.6M | $1 | — | View 990 |
| 2020 | $226K | $63K | $1.6M | $1 | — | View 990 |
| 2019 | $121K | $81K | $1.4M | $1 | — | — |
| 2015 | $6K | $121K | $1.2M | $1 | — | View 990 |
| 2014 | $124K | $88K | $1.3M | $1 | — | View 990 |
| 2013 | $101K | $105K | $1.3M | $1 | — | View 990 |
| 2012 | $252K | $115K | $1.3M | $1 | — | View 990 |
| 2011 | $78K | $59K | $1.2M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $320K, expenses of $141K, and assets of $2.4M.
- 2022: Revenue of $-12,857, expenses of $81K, and assets of $1.3M (revenue -108.9% year-over-year).
- 2021: Revenue of $144K, expenses of $125K, and assets of $1.6M (revenue -36.5% year-over-year).
- 2020: Revenue of $226K, expenses of $63K, and assets of $1.6M (revenue +87.8% year-over-year).
- 2019: Revenue of $121K, expenses of $81K, and assets of $1.4M (revenue +1858.6% year-over-year).
- 2015: Revenue of $6K, expenses of $121K, and assets of $1.2M (revenue -95.0% year-over-year).
- 2014: Revenue of $124K, expenses of $88K, and assets of $1.3M (revenue +23.2% year-over-year).
- 2013: Revenue of $101K, expenses of $105K, and assets of $1.3M (revenue -60.1% year-over-year).
- 2012: Revenue of $252K, expenses of $115K, and assets of $1.3M (revenue +222.8% year-over-year).
- 2011: Revenue of $78K, expenses of $59K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Margaret Patricia Eagan Charitable Foundation Trust:
Data Sources and Methodology
This transparency report for Margaret Patricia Eagan Charitable Foundation Trust 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.