Mayer Family Foundation
Mayer Family Foundation maintains strong asset growth and zero executive compensation, indicating a focus on grant-making.
EIN: 133531984 · Greenwich, CT · Updated: 2026-03-28
Is Mayer Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mayer Family Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mayer Family Foundation
Mayer Family Foundation (EIN: 133531984) is a nonprofit organization based in Greenwich, CT. The organization reported total revenue of $8.4M and total assets of $3.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mayer Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mayer Family Foundation is a mid-size nonprofit that has been operating for 36 years, with 11 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $811K |
| Surplus / Deficit | +$757K |
| Total Assets | $4.2M |
| Total Liabilities | $1 |
| Net Assets | $4.2M |
| Operating Margin | 48.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 61.9 months |
Financial Health Grade: A
In 2023, Mayer Family Foundation reported a surplus of $757K with revenue exceeding expenses, holds 61.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.9% | +179.8% | +6.5% |
| 2022 | -10.9% | -66.6% | +30.3% |
| 2022 | +82.0% | +19.3% | +45.5% |
| 2020 | -254.2% | +224.8% | -65.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
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 Mayer Family 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Mayer Family Foundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $757K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of its size and suggests a volunteer-led or purely grant-making operational model.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Mayer Family Foundation's IRS 990 filings:
- NTEE Code is unknown, limiting understanding of specific charitable focus.
- Significant negative revenue reported in 202003 ($-1,703,707) without immediate explanation in the provided data.
Strengths
The following positive indicators were identified for Mayer Family Foundation:
- Consistent asset growth, reaching $4,186,345 in 202312.
- Zero officer compensation across all reported periods, indicating high efficiency in directing funds to mission.
- Minimal liabilities in most periods, demonstrating strong financial management.
- Consistent IRS 990 filing history, indicating good transparency.
Frequently Asked Questions about Mayer Family Foundation
Is Mayer Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Mayer Family Foundation (EIN: 133531984) some concerns. Mission Score: 90/100. 2 red flags identified, 4 strengths noted.
How does Mayer Family Foundation spend its money?
Mayer Family Foundation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mayer Family Foundation tax-deductible?
Mayer Family Foundation is registered as a tax-exempt nonprofit (EIN: 133531984). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the specific mission or program area of the Mayer Family Foundation?
The provided data does not specify the NTEE code or the specific mission of the Mayer Family Foundation. Further investigation of their 990 filings (Part III, Statement of Program Service Accomplishments) would be needed to understand their charitable activities.
How does the negative revenue in 202003 ($-1,703,707) impact the foundation's long-term financial health?
While a significant negative revenue, the foundation's assets recovered and grew in subsequent years, reaching $4,186,345 by 202312. This suggests it was likely a temporary market fluctuation or investment loss that the foundation was able to absorb without long-term detriment to its financial stability.
What caused the $500,000 liability in 202212, and how was it resolved?
The provided data does not specify the nature of the $500,000 liability in 202212. However, the subsequent filing for 202312 shows liabilities reduced to $1, indicating that this obligation was largely resolved within the following fiscal year.
Filing History
IRS 990 filing history for Mayer Family Foundation showing financial trends over 11 years of public records:
Total assets increased by 519.3% over the same period, from $676K to $4.2M. Total functional expenses rose by 677.7%, from $104K to $811K. In its most recent filing year (2023), Mayer Family Foundation reported a surplus of $757K, with revenue exceeding expenses. The organization holds $1 in liabilities against $4.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $811K | $4.2M | $1 | — | View 990 |
| 2022 | $1.6M | $290K | $3.9M | $500K | — | View 990 |
| 2022 | $1.8M | $869K | $3.0M | $1 | — | View 990 |
| 2021 | $995K | $728K | $2.1M | $1 | — | — |
| 2020 | $-1,703,707 | $902K | $1.8M | $1 | — | View 990 |
| 2019 | $1.1M | $278K | $5.3M | $1 | — | View 990 |
| 2015 | $165K | $90K | $635K | $0 | — | View 990 |
| 2014 | $53K | $76K | $559K | $0 | — | View 990 |
| 2013 | $62K | $94K | $582K | $0 | — | View 990 |
| 2012 | $34K | $97K | $614K | $0 | — | View 990 |
| 2011 | $-18,158 | $104K | $676K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $811K, and assets of $4.2M (revenue -2.9% year-over-year).
- 2022: Revenue of $1.6M, expenses of $290K, and assets of $3.9M (revenue -10.9% year-over-year).
- 2022: Revenue of $1.8M, expenses of $869K, and assets of $3.0M (revenue +82.0% year-over-year).
- 2021: Revenue of $995K, expenses of $728K, and assets of $2.1M.
- 2020: Revenue of $-1,703,707, expenses of $902K, and assets of $1.8M (revenue -254.2% year-over-year).
- 2019: Revenue of $1.1M, expenses of $278K, and assets of $5.3M (revenue +569.3% year-over-year).
- 2015: Revenue of $165K, expenses of $90K, and assets of $635K (revenue +209.1% year-over-year).
- 2014: Revenue of $53K, expenses of $76K, and assets of $559K (revenue -14.4% year-over-year).
- 2013: Revenue of $62K, expenses of $94K, and assets of $582K (revenue +81.8% year-over-year).
- 2012: Revenue of $34K, expenses of $97K, and assets of $614K.
- 2011: Revenue of $-18,158, expenses of $104K, and assets of $676K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mayer Family Foundation:
Data Sources and Methodology
This transparency report for Mayer 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.