Max & Morton M Rosenfeld Foundation Inc
Max & Morton M Rosenfeld Foundation maintains stable assets with zero officer compensation.
EIN: 136137869 · Narragansett, RI · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $179K |
| Total Expenses | $143K |
| Program Spending | 90% |
| Net Assets | $754K |
| Transparency Score | 75/100 |
Is Max & Morton M Rosenfeld Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Max & Morton M Rosenfeld Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Max & Morton M Rosenfeld Foundation Inc
Max & Morton M Rosenfeld Foundation Inc (EIN: 136137869) is a nonprofit organization based in Narragansett, RI. The organization reported total revenue of $179K and total assets of $722K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Max & Morton M Rosenfeld Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Max & Morton M Rosenfeld Foundation Inc is a small nonprofit that has been operating for 77 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $91K |
| Total Expenses | $143K |
| Surplus / Deficit | $-52,111 |
| Total Assets | $754K |
| Total Liabilities | $1 |
| Net Assets | $754K |
| Operating Margin | -57.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 63.1 months |
Financial Health Grade: B
In 2023, Max & Morton M Rosenfeld Foundation Inc reported a deficit of $52K with expenses exceeding revenue, holds 63.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2023), Max & Morton M Rosenfeld Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -5.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.2% | +65.6% | -6.5% |
| 2022 | -15.8% | -1.4% | -1.1% |
| 2021 | -19.1% | -6.6% | +0.6% |
| 2020 | +12.8% | +5.4% | +2.6% |
| 2019 | +75.7% | +68.3% | +12.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1949 |
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 Max & Morton M Rosenfeld Foundation Inc with a Mission Score of 75 out of 100 (Good). 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, Max & Morton M Rosenfeld Foundation Inc 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 $52K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the foundation, which is a positive for resource allocation.
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 Max & Morton M Rosenfeld Foundation Inc's IRS 990 filings:
- Lack of detailed expense breakdown in summary data
- Significant expense volatility in 201311 without explanation
Strengths
The following positive indicators were identified for Max & Morton M Rosenfeld Foundation Inc:
- Consistent zero officer compensation
- Strong asset base relative to annual expenses
- Minimal liabilities across all reporting periods
- Consistent filing of IRS Form 990s
Frequently Asked Questions about Max & Morton M Rosenfeld Foundation Inc
Is Max & Morton M Rosenfeld Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Max & Morton M Rosenfeld Foundation Inc (EIN: 136137869) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Max & Morton M Rosenfeld Foundation Inc spend its money?
Max & Morton M Rosenfeld Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Max & Morton M Rosenfeld Foundation Inc tax-deductible?
Max & Morton M Rosenfeld Foundation Inc is registered as a tax-exempt nonprofit (EIN: 136137869). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Max & Morton M Rosenfeld Foundation Inc located?
Max & Morton M Rosenfeld Foundation Inc is headquartered in Narragansett, Rhode Island and files with the IRS under EIN 136137869.
How many years of IRS 990 filings does Max & Morton M Rosenfeld Foundation Inc have?
Max & Morton M Rosenfeld Foundation Inc has 11 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 $179K in total revenue.
What are the specific program activities funded by the Max & Morton M Rosenfeld Foundation Inc.?
The provided data does not detail the specific program activities or grants made by the foundation. Further review of the full 990 forms would be necessary to understand its programmatic focus.
Why was there a significant expense spike in the 201311 period, with expenses reaching $2,162,127?
The data shows a substantial expense of $2,162,127 in 201311, which is an outlier compared to other years. Without access to the full 990 filing for that period, the specific reason for this spike (e.g., a large grant, investment loss, or unusual administrative cost) cannot be determined.
How does the foundation generate its revenue, given its consistent income streams?
The consistent revenue streams, ranging from $353,884 in 201412 to $77,939 in 202212, suggest the foundation likely generates income from investments on its substantial asset base, rather than public fundraising, which is typical for private foundations.
Filing History
IRS 990 filing history for Max & Morton M Rosenfeld Foundation Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Max & Morton M Rosenfeld Foundation Inc's revenue has declined by 49.8%, moving from $182K to $91K. Total assets decreased by 18.9% over the same period, from $930K to $754K. Total functional expenses fell by 12.8%, from $165K to $143K. In its most recent filing year (2023), Max & Morton M Rosenfeld Foundation Inc reported a deficit of $52K, with expenses exceeding revenue. The organization holds $1 in liabilities against $754K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $754K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $91K | $143K | $754K | $1 | — | View 990 |
| 2022 | $78K | $87K | $806K | $1 | — | View 990 |
| 2021 | $93K | $88K | $815K | $1 | — | View 990 |
| 2020 | $114K | $94K | $810K | $1 | — | View 990 |
| 2019 | $101K | $89K | $790K | $1 | — | View 990 |
| 2015 | $58K | $53K | $705K | $1 | — | View 990 |
| 2014 | $354K | $26K | $700K | $1 | — | View 990 |
| 2013 | $125K | $25 | $372K | $0 | — | View 990 |
| 2013 | $152K | $2.2M | $248K | $0 | — | View 990 |
| 2012 | $134K | $191K | $874K | $0 | — | View 990 |
| 2011 | $182K | $165K | $930K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $91K, expenses of $143K, and assets of $754K (revenue +17.2% year-over-year).
- 2022: Revenue of $78K, expenses of $87K, and assets of $806K (revenue -15.8% year-over-year).
- 2021: Revenue of $93K, expenses of $88K, and assets of $815K (revenue -19.1% year-over-year).
- 2020: Revenue of $114K, expenses of $94K, and assets of $810K (revenue +12.8% year-over-year).
- 2019: Revenue of $101K, expenses of $89K, and assets of $790K (revenue +75.7% year-over-year).
- 2015: Revenue of $58K, expenses of $53K, and assets of $705K (revenue -83.7% year-over-year).
- 2014: Revenue of $354K, expenses of $26K, and assets of $700K (revenue +183.8% year-over-year).
- 2013: Revenue of $125K, expenses of $25, and assets of $372K (revenue -17.8% year-over-year).
- 2013: Revenue of $152K, expenses of $2.2M, and assets of $248K (revenue +13.2% year-over-year).
- 2012: Revenue of $134K, expenses of $191K, and assets of $874K (revenue -26.4% year-over-year).
- 2011: Revenue of $182K, expenses of $165K, and assets of $930K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Max & Morton M Rosenfeld Foundation Inc:
Data Sources and Methodology
This transparency report for Max & Morton M Rosenfeld 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.