Marilyn And Sonny Oates Foundation
Marilyn And Sonny Oates Foundation maintains over $10M in assets with zero reported officer compensation.
EIN: 208084868 · Dallas, TX · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $577K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $10 |
| Net Assets | $10.7M |
| Transparency Score | 90/100 |
Is Marilyn And Sonny Oates Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Marilyn And Sonny Oates Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Marilyn And Sonny Oates Foundation
Marilyn And Sonny Oates Foundation (EIN: 208084868) is a nonprofit organization based in Dallas, TX, classified under NTEE code T20. The organization reported total revenue of $1.2M and total assets of $10.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Marilyn And Sonny Oates Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Marilyn And Sonny Oates Foundation is a mid-size nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $445K |
| Total Expenses | $577K |
| Surplus / Deficit | $-131,722 |
| Total Assets | $10.7M |
| Total Liabilities | $4K |
| Net Assets | $10.7M |
| Operating Margin | -29.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 221.8 months |
Financial Health Grade: B
In 2023, Marilyn And Sonny Oates Foundation reported a deficit of $132K with expenses exceeding revenue, holds 221.8 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), Marilyn And Sonny Oates Foundation's revenue has grown at a compound annual growth rate (CAGR) of 4.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -50.6% | +51.4% | -1.2% |
| 2022 | -15.4% | -26.4% | +5.1% |
| 2021 | -93.1% | -94.7% | +5.6% |
| 2020 | +5180.6% | +2025.9% | +143.5% |
| 2019 | -6.4% | -39.9% | +2.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2007 |
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 Marilyn And Sonny Oates Foundation with a Mission Score of 90 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, Marilyn And Sonny Oates 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 $132K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that no salaries are paid to officers, which is highly favorable for a foundation of this size with over $10 million in assets.
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 Marilyn And Sonny Oates Foundation:
- Consistently reports 0% officer compensation across all filings, indicating efficient use of funds.
- Maintains a substantial asset base of over $10 million, demonstrating strong financial health and sustainability.
- Consistent IRS 990 filing history (10 filings) shows good compliance and transparency.
- Low liabilities across most years, suggesting sound financial management.
- As a private foundation (NTEE T20), its primary function is grantmaking, which inherently focuses on program support.
Frequently Asked Questions about Marilyn And Sonny Oates Foundation
Is Marilyn And Sonny Oates Foundation a legitimate charity?
Marilyn And Sonny Oates Foundation (EIN: 208084868) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 90/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.2M. No red flags identified. 5 strengths noted. Financial health grade: B.
How does Marilyn And Sonny Oates Foundation spend its money?
Marilyn And Sonny Oates Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Marilyn And Sonny Oates Foundation tax-deductible?
Marilyn And Sonny Oates Foundation is registered as a tax-exempt nonprofit (EIN: 208084868). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Marilyn And Sonny Oates Foundation CEO make?
Marilyn And Sonny Oates Foundation's highest-compensated officer earns $10 annually. The organization reported $1.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Marilyn And Sonny Oates Foundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Marilyn And Sonny Oates 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 Marilyn And Sonny Oates Foundation located?
Marilyn And Sonny Oates Foundation is headquartered in Dallas, Texas and files with the IRS under EIN 208084868. It is classified under NTEE code T20.
How many years of IRS 990 filings does Marilyn And Sonny Oates Foundation have?
Marilyn And Sonny Oates 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 $1.2M in total revenue.
Is the Marilyn And Sonny Oates Foundation a good charity?
Based on the provided data, the Marilyn And Sonny Oates Foundation appears to be a well-managed private foundation. It consistently reports zero officer compensation, maintains substantial assets (over $10 million), and has a strong filing history, all of which are positive indicators.
How does the foundation's asset base compare to its annual spending?
The foundation's assets of $10,654,909 significantly outweigh its annual expenses, which were $576,573 in 2023. This indicates a strong endowment and long-term financial stability, allowing it to sustain its grantmaking activities.
What is the trend in the foundation's revenue and expenses?
The foundation's revenue and expenses show variability. For example, revenue was $15,482,909 in 2020 but $444,851 in 2023, and expenses were $9,757,280 in 2020 but $576,573 in 2023. This fluctuation is typical for foundations that may receive large contributions or experience investment gains/losses in certain years.
Filing History
IRS 990 filing history for Marilyn And Sonny Oates Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Marilyn And Sonny Oates Foundation's revenue has grown by 72.8%, moving from $257K to $445K. Total assets increased by 122.9% over the same period, from $4.8M to $10.7M. Total functional expenses rose by 83.5%, from $314K to $577K. In its most recent filing year (2023), Marilyn And Sonny Oates Foundation reported a deficit of $132K, with expenses exceeding revenue. The organization holds $4K in liabilities against $10.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $10.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $445K | $577K | $10.7M | $4K | — | View 990 |
| 2022 | $901K | $381K | $10.8M | $1 | — | View 990 |
| 2021 | $1.1M | $518K | $10.3M | $1 | — | View 990 |
| 2020 | $15.5M | $9.8M | $9.7M | $1 | — | View 990 |
| 2019 | $293K | $459K | $4.0M | $1 | — | View 990 |
| 2015 | $313K | $764K | $3.9M | $3K | — | View 990 |
| 2014 | $370K | $450K | $4.4M | $555 | — | View 990 |
| 2013 | $309K | $507K | $4.4M | $1 | — | View 990 |
| 2012 | $176K | $321K | $4.6M | $1 | — | View 990 |
| 2011 | $257K | $314K | $4.8M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $445K, expenses of $577K, and assets of $10.7M (revenue -50.6% year-over-year).
- 2022: Revenue of $901K, expenses of $381K, and assets of $10.8M (revenue -15.4% year-over-year).
- 2021: Revenue of $1.1M, expenses of $518K, and assets of $10.3M (revenue -93.1% year-over-year).
- 2020: Revenue of $15.5M, expenses of $9.8M, and assets of $9.7M (revenue +5180.6% year-over-year).
- 2019: Revenue of $293K, expenses of $459K, and assets of $4.0M (revenue -6.4% year-over-year).
- 2015: Revenue of $313K, expenses of $764K, and assets of $3.9M (revenue -15.2% year-over-year).
- 2014: Revenue of $370K, expenses of $450K, and assets of $4.4M (revenue +19.6% year-over-year).
- 2013: Revenue of $309K, expenses of $507K, and assets of $4.4M (revenue +75.1% year-over-year).
- 2012: Revenue of $176K, expenses of $321K, and assets of $4.6M (revenue -31.5% year-over-year).
- 2011: Revenue of $257K, expenses of $314K, and assets of $4.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Marilyn And Sonny Oates Foundation:
Data Sources and Methodology
This transparency report for Marilyn And Sonny Oates 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.