Mcnamara Family Foundation Inc
McNamara Family Foundation's assets have significantly declined over the past decade, consistently spending more than it earns.
EIN: 141861856 · Coral Gables, FL · NTEE: T31 · Updated: 2026-03-28
Is Mcnamara Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mcnamara Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mcnamara Family Foundation Inc
Mcnamara Family Foundation Inc (EIN: 141861856) is a nonprofit organization based in Coral Gables, FL, classified under NTEE code T31. The organization reported total revenue of $2.1M and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mcnamara Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Mcnamara Family Foundation Inc with a Mission Score of 65 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, Mcnamara Family 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.
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all available filings, indicating that the foundation's leadership is unpaid, which is a positive sign for donor confidence and 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 Mcnamara Family Foundation Inc's IRS 990 filings:
- Significant and consistent decline in assets over the past decade, from $1,748,014 in 2011 to $32,585 in 2023.
- Consistent operational deficits (expenses exceeding revenue) in most recent years, indicating reliance on asset depletion.
- Negative revenue reported in 2019 (-$153,136), which could indicate significant investment losses or adjustments.
Strengths
The following positive indicators were identified for Mcnamara Family Foundation Inc:
- No officer compensation reported, indicating efficient use of funds for mission-related activities or administration.
- Low liabilities, consistently reported as $0 or $1, suggesting strong financial management regarding debt.
- Consistent IRS 990 filing history, demonstrating transparency and compliance.
Frequently Asked Questions about Mcnamara Family Foundation Inc
Is Mcnamara Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Mcnamara Family Foundation Inc (EIN: 141861856) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Mcnamara Family Foundation Inc spend its money?
Mcnamara Family Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mcnamara Family Foundation Inc tax-deductible?
Mcnamara Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 141861856). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the long-term strategy for the foundation's declining asset base?
The foundation's assets have decreased from $1,748,014 in 2011 to $32,585 in 2023. This trend suggests a strategy of spending down its endowment, but without further information, the specific long-term plan for its continued operation or eventual dissolution is unclear.
What are the primary program activities funded by the foundation?
As a private grantmaking foundation (NTEE T31), its primary program activity would be making grants. However, the filings do not detail specific grant recipients or program areas, which would require reviewing Schedule I of the Form 990-PF (if applicable) or other public disclosures.
Why has the foundation consistently incurred more expenses than revenue?
For most of the past decade, the foundation's expenses have exceeded its revenue (e.g., $149,472 expenses vs. $138,488 revenue in 2023). This is typical for private foundations that are spending down their principal or operating with investment losses, rather than relying on annual fundraising.
Filing History
IRS 990 filing history for Mcnamara Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Mcnamara Family Foundation Inc's revenue has grown by 34.2%, moving from $103K to $138K. Total assets decreased by 98.1% over the same period, from $1.7M to $33K. Total functional expenses fell by 63.1%, from $405K to $149K. In its most recent filing year (2023), Mcnamara Family Foundation Inc reported a deficit of $11K, with expenses exceeding revenue. The organization holds $1 in liabilities against $33K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $33K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $138K | $149K | $33K | $1 | — | — |
| 2022 | $22K | $157K | $44K | $1 | — | View 990 |
| 2021 | $147K | $177K | $178K | $1 | — | View 990 |
| 2020 | $11K | $140K | $207K | $1 | — | View 990 |
| 2019 | $-153,136 | $158K | $337K | $0 | — | View 990 |
| 2015 | $45K | $239K | $1.2M | $1 | — | View 990 |
| 2014 | $29K | $295K | $1.4M | $0 | — | View 990 |
| 2013 | $445K | $332K | $1.7M | $1 | — | View 990 |
| 2012 | $184K | $364K | $1.6M | $1 | — | View 990 |
| 2011 | $103K | $405K | $1.7M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $138K, expenses of $149K, and assets of $33K (revenue +521.5% year-over-year).
- 2022: Revenue of $22K, expenses of $157K, and assets of $44K (revenue -84.8% year-over-year).
- 2021: Revenue of $147K, expenses of $177K, and assets of $178K (revenue +1255.7% year-over-year).
- 2020: Revenue of $11K, expenses of $140K, and assets of $207K.
- 2019: Revenue of $-153,136, expenses of $158K, and assets of $337K (revenue -442.6% year-over-year).
- 2015: Revenue of $45K, expenses of $239K, and assets of $1.2M (revenue +55.0% year-over-year).
- 2014: Revenue of $29K, expenses of $295K, and assets of $1.4M (revenue -93.5% year-over-year).
- 2013: Revenue of $445K, expenses of $332K, and assets of $1.7M (revenue +142.4% year-over-year).
- 2012: Revenue of $184K, expenses of $364K, and assets of $1.6M (revenue +77.9% year-over-year).
- 2011: Revenue of $103K, expenses of $405K, and assets of $1.7M.
Data Sources and Methodology
This transparency report for Mcnamara Family 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.