Mcmullen Family Foundation
Mcmullen Family Foundation shows strong asset growth and minimal liabilities with no reported officer compensation.
EIN: 133721747 · Montclair, NJ · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8.2M |
| Total Expenses | $1.2M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $24 |
| Net Assets | $24.6M |
| Transparency Score | 85/100 |
Is Mcmullen Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mcmullen Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mcmullen Family Foundation
Mcmullen Family Foundation (EIN: 133721747) is a nonprofit organization based in Montclair, NJ. The organization reported total revenue of $8.2M and total assets of $27.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mcmullen Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mcmullen Family Foundation is a mid-size nonprofit that has been operating for 33 years, with 11 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 16.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.3M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$5.1M |
| Total Assets | $24.6M |
| Total Liabilities | $1 |
| Net Assets | $24.6M |
| Operating Margin | 80.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 241.0 months |
Financial Health Grade: A
In 2024, Mcmullen Family Foundation reported a surplus of $5.1M with revenue exceeding expenses, holds 241.0 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 (2012–2024), Mcmullen Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 16.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +307.6% | +-0.0% | +25.5% |
| 2023 | -2.8% | +6.5% | +0.7% |
| 2022 | +8.8% | +4.1% | +2.1% |
| 2021 | +63.1% | -12.5% | +1.8% |
| 2020 | -36.5% | -48.7% | -1.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
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 Mcmullen 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, Mcmullen 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.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $5.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either unpaid or volunteer, which is highly efficient for an organization with assets exceeding $24 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 Mcmullen Family Foundation's IRS 990 filings:
- NTEE Code Unknown: Lack of specific NTEE code makes it difficult to understand the organization's mission and compare its performance to peers.
- Limited Expense Detail: Without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is challenging.
Strengths
The following positive indicators were identified for Mcmullen Family Foundation:
- Strong Asset Growth: Assets have grown significantly from $19,075,473 in 2021 to $24,597,660 in 2024, indicating robust financial health.
- Minimal Liabilities: Consistently reports liabilities of $1, demonstrating excellent financial stability and low debt.
- No Officer Compensation: 0% officer compensation across all filings indicates highly efficient use of funds and a volunteer-driven leadership.
- High Programmatic Potential: With expenses consistently much lower than revenue and assets, a large portion of funds are available for mission-related activities.
- Consistent IRS 990 Filings: A history of 11 filings demonstrates good compliance and transparency.
Frequently Asked Questions about Mcmullen Family Foundation
Is Mcmullen Family Foundation a legitimate charity?
Mcmullen Family Foundation (EIN: 133721747) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 11 years of IRS 990 filings on record. Total revenue: $8.2M. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Mcmullen Family Foundation spend its money?
Mcmullen Family Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Mcmullen Family Foundation tax-deductible?
Mcmullen Family Foundation is registered as a tax-exempt nonprofit (EIN: 133721747). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Mcmullen Family Foundation CEO make?
Mcmullen Family Foundation's highest-compensated officer earns $24 annually. The organization reported $8.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Mcmullen Family Foundation located?
Mcmullen Family Foundation is headquartered in Montclair, New Jersey and files with the IRS under EIN 133721747.
How many years of IRS 990 filings does Mcmullen Family Foundation have?
Mcmullen Family Foundation 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 $8.2M in total revenue.
What is the Mcmullen Family Foundation's primary programmatic focus?
The NTEE code is unknown, making it difficult to determine the specific programmatic focus of the Mcmullen Family Foundation based solely on the provided data.
How does the Mcmullen Family Foundation manage to have 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the foundation's leadership operates on a volunteer basis or that compensation is covered by an external entity, which is a highly efficient model for resource allocation.
What is the trend in the foundation's revenue generation?
Revenue has been highly variable, ranging from a low of $902,077 in 2020 to a high of $6,341,470 in 2024, indicating potential reliance on investment performance or large, infrequent donations rather than consistent operational income.
Is the Mcmullen Family Foundation financially stable?
Yes, the foundation appears very financially stable, consistently maintaining minimal liabilities (often $1) and demonstrating significant asset growth from $19,075,473 in 2021 to $24,597,660 in 2024.
Filing History
IRS 990 filing history for Mcmullen Family Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2012–2024), Mcmullen Family Foundation's revenue has grown by 542%, moving from $988K to $6.3M. Total assets increased by 7.4% over the same period, from $22.9M to $24.6M. Total functional expenses rose by 13.5%, from $1.1M to $1.2M. In its most recent filing year (2024), Mcmullen Family Foundation reported a surplus of $5.1M, with revenue exceeding expenses. The organization holds $1 in liabilities against $24.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $24.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $6.3M | $1.2M | $24.6M | $1 | — | View 990 |
| 2023 | $1.6M | $1.2M | $19.6M | $1 | — | View 990 |
| 2022 | $1.6M | $1.1M | $19.5M | $1 | — | View 990 |
| 2021 | $1.5M | $1.1M | $19.1M | $1 | — | View 990 |
| 2020 | $902K | $1.3M | $18.7M | $0 | — | View 990 |
| 2019 | $1.4M | $2.5M | $19.1M | $0 | — | View 990 |
| 2016 | $1.7M | $2.5M | $21.8M | $0 | — | View 990 |
| 2015 | $2.2M | $2.5M | $22.6M | $0 | — | View 990 |
| 2014 | $1.0M | $1.0M | $22.9M | $0 | — | View 990 |
| 2013 | $950K | $949K | $22.9M | $0 | — | View 990 |
| 2012 | $988K | $1.1M | $22.9M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $6.3M, expenses of $1.2M, and assets of $24.6M (revenue +307.6% year-over-year).
- 2023: Revenue of $1.6M, expenses of $1.2M, and assets of $19.6M (revenue -2.8% year-over-year).
- 2022: Revenue of $1.6M, expenses of $1.1M, and assets of $19.5M (revenue +8.8% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.1M, and assets of $19.1M (revenue +63.1% year-over-year).
- 2020: Revenue of $902K, expenses of $1.3M, and assets of $18.7M (revenue -36.5% year-over-year).
- 2019: Revenue of $1.4M, expenses of $2.5M, and assets of $19.1M (revenue -16.7% year-over-year).
- 2016: Revenue of $1.7M, expenses of $2.5M, and assets of $21.8M (revenue -22.3% year-over-year).
- 2015: Revenue of $2.2M, expenses of $2.5M, and assets of $22.6M (revenue +113.7% year-over-year).
- 2014: Revenue of $1.0M, expenses of $1.0M, and assets of $22.9M (revenue +8.0% year-over-year).
- 2013: Revenue of $950K, expenses of $949K, and assets of $22.9M (revenue -3.8% year-over-year).
- 2012: Revenue of $988K, expenses of $1.1M, and assets of $22.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mcmullen Family Foundation:
Data Sources and Methodology
This transparency report for Mcmullen 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.