Md Coleman Foundation
Md Coleman Foundation reports minimal financial activity with $100 revenue and $0 expenses in its latest filing.
EIN: 161697490 · Lake Charles, LA · NTEE: P81 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $100 |
| Net Assets | $100 |
| Transparency Score | 20/100 |
Is Md Coleman Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Md Coleman Foundation
Md Coleman Foundation (EIN: 161697490) is a nonprofit organization based in Lake Charles, LA, classified under NTEE code P81. The organization reported total revenue of $100 and total assets of $100 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Md Coleman Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Md Coleman Foundation is a micro nonprofit that has been operating for 22 years, with 8 years of IRS 990 filings on record (2012–2019). Revenue has grown at a compound annual rate of 93.1%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $100 |
| Total Expenses | $0 |
| Surplus / Deficit | +$100 |
| Total Assets | $100 |
| Net Assets | $100 |
| Operating Margin | 100.0% |
Financial Health Grade: A
In 2019, Md Coleman Foundation reported a surplus of $100 with revenue exceeding expenses.
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Md Coleman Foundation with a Mission Score of 20 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Md Coleman Foundation allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating no salaries are paid to executives, which is appropriate given its extremely low revenue and expense levels.
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 Md Coleman Foundation's IRS 990 filings:
- Extremely low and inconsistent financial activity, making it difficult to assess operational effectiveness.
- Lack of reported expenses in most years, raising questions about active program delivery.
- Minimal assets ($100 in latest filing) with no clear indication of how they are being used for charitable purposes.
Strengths
The following positive indicators were identified for Md Coleman Foundation:
- Consistent filing of IRS Form 990s, demonstrating basic compliance.
- No reported executive compensation, indicating responsible use of limited funds regarding salaries.
Frequently Asked Questions about Md Coleman Foundation
Is Md Coleman Foundation a legitimate charity?
Md Coleman Foundation (EIN: 161697490) is a registered tax-exempt nonprofit based in Louisiana. Our AI analysis gives it a Mission Score of 20/100. It has 8 years of IRS 990 filings on record. Total revenue: $100. 3 red flags identified. 2 strengths noted. Financial health grade: A.
How does Md Coleman Foundation spend its money?
Md Coleman Foundation reported $100 in total revenue in IRS 990 filings. 8 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Md Coleman Foundation tax-deductible?
Md Coleman Foundation is registered as a tax-exempt nonprofit (EIN: 161697490). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Md Coleman Foundation compare to similar nonprofits?
With a transparency score of 20/100 (Poor), Md Coleman Foundation is below average for NTEE category P81 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Md Coleman Foundation located?
Md Coleman Foundation is headquartered in Lake Charles, Louisiana and files with the IRS under EIN 161697490. It is classified under NTEE code P81.
How many years of IRS 990 filings does Md Coleman Foundation have?
Md Coleman Foundation has 8 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 $100 in total revenue.
What are the specific programs or activities Md Coleman Foundation undertakes?
Based on the IRS 990 data, which shows minimal to no expenses in most years (e.g., $0 expenses in 201912, 201812, 201712, 201312, 201212), it is unclear what specific programs or activities the foundation is currently undertaking or has undertaken in recent years. The NTEE code P81 suggests it is involved in 'Community Foundations', but the financial data does not support significant operational activity.
How does the organization utilize its assets?
With reported assets of $100 in the latest filing and a historical high of $6,895, and consistently low to no expenses, the financial data does not provide insight into how these assets are being actively utilized for programmatic purposes. They appear to be largely static.
Why are expenses consistently so low or zero?
The consistent reporting of $0 or very low expenses across multiple years suggests that the organization may be largely inactive, operating on an extremely small scale, or primarily serving as a holding entity without significant operational outlays.
Filing History
IRS 990 filing history for Md Coleman Foundation showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2012–2019), Md Coleman Foundation's revenue has grown by 9900%, moving from $1 to $100. Total assets decreased by 98.5% over the same period, from $7K to $100.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $100 | $0 | $100 | $0 | — | View 990 |
| 2018 | $0 | $0 | $1 | $0 | — | View 990 |
| 2017 | $0 | $0 | $1 | $0 | — | View 990 |
| 2016 | $0 | $7K | $1 | $0 | — | View 990 |
| 2015 | $0 | $36 | $7K | $0 | — | View 990 |
| 2014 | $0 | $21 | $7K | $0 | — | View 990 |
| 2013 | $0 | $0 | $7K | $0 | — | View 990 |
| 2012 | $1 | $0 | $7K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $100, expenses of $0, and assets of $100.
- 2018: Revenue of $0, expenses of $0, and assets of $1.
- 2017: Revenue of $0, expenses of $0, and assets of $1.
- 2016: Revenue of $0, expenses of $7K, and assets of $1.
- 2015: Revenue of $0, expenses of $36, and assets of $7K.
- 2014: Revenue of $0, expenses of $21, and assets of $7K.
- 2013: Revenue of $0, expenses of $0, and assets of $7K (revenue -100.0% year-over-year).
- 2012: Revenue of $1, expenses of $0, and assets of $7K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Md Coleman Foundation:
Data Sources and Methodology
This transparency report for Md Coleman 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.