Minerva Foundation Inc
Minerva Foundation Inc. maintains strong assets despite recent negative revenue, with no reported officer compensation.
EIN: 201836334 · Pennington, NJ · NTEE: H19 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $10.3M |
| Total Expenses | $606K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $10 |
| Net Assets | $10.3M |
| Transparency Score | 85/100 |
Is Minerva Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Minerva Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Minerva Foundation Inc
Minerva Foundation Inc (EIN: 201836334) is a nonprofit organization based in Pennington, NJ, classified under NTEE code H19. The organization reported total revenue of $10.3M and total assets of $11.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Minerva Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Minerva Foundation Inc is a large nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -123.1% | -4.6% | -12.2% |
| 2022 | +338.8% | +16.3% | +33.5% |
| 2021 | +20.8% | +44.7% | +3.1% |
| 2020 | +10.7% | -39.2% | +3.6% |
| 2019 | +12.7% | +44.1% | +7.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Minerva Foundation Inc 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Minerva Foundation Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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:
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Minerva Foundation Inc. consistently reports 0% officer compensation across all available filings, indicating either that no officers receive compensation or that it is not a significant expense, which is highly favorable for a nonprofit of its size with over $10 million in assets.
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 Minerva Foundation Inc's IRS 990 filings:
- Negative revenue reported in the latest fiscal period (202310) without immediate explanation.
- Significant year-over-year revenue volatility, making future income less predictable.
Strengths
The following positive indicators were identified for Minerva Foundation Inc:
- Consistent asset growth over the past decade, from $5.3M to $10.2M.
- Zero reported officer compensation across all filings, indicating efficient use of funds or strong volunteer support.
- Low liabilities reported across all periods, suggesting strong financial health and minimal debt.
- Expenses consistently well below revenue in most years, allowing for asset accumulation.
Frequently Asked Questions about Minerva Foundation Inc
Is Minerva Foundation Inc a legitimate charity?
Minerva Foundation Inc (EIN: 201836334) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $10.3M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Minerva Foundation Inc spend its money?
Minerva Foundation Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Minerva Foundation Inc tax-deductible?
Minerva Foundation Inc is registered as a tax-exempt nonprofit (EIN: 201836334). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Minerva Foundation Inc CEO make?
Minerva Foundation Inc's highest-compensated officer earns $10 annually. The organization reported $10.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Minerva Foundation Inc's spending goes to programs?
Minerva Foundation Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Minerva Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Minerva Foundation Inc is above average for NTEE category H19 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Minerva Foundation Inc located?
Minerva Foundation Inc is headquartered in Pennington, New Jersey and files with the IRS under EIN 201836334. It is classified under NTEE code H19.
How many years of IRS 990 filings does Minerva Foundation Inc have?
Minerva Foundation Inc has 10 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 $10.3M in total revenue.
What caused the negative revenue of -$822,943 in the 2023 fiscal period?
The IRS 990 filing for 202310 shows a negative revenue figure. This could be due to investment losses, significant returns of contributions, or accounting adjustments. Further detail would be needed from the full filing to understand the specific cause.
How does Minerva Foundation Inc. sustain its operations with zero reported officer compensation?
The consistent reporting of 0% officer compensation suggests that either the organization is entirely volunteer-run at the executive level, or executive services are provided pro bono, or compensation is categorized differently and not reported under 'officer compensation' on the 990-EZ form (if applicable) or the relevant section of the full 990.
What is the primary source of Minerva Foundation Inc.'s revenue given its fluctuating annual figures?
Revenue has varied significantly, from -$822,943 in 2023 to $3,567,620 in 2022. This volatility suggests reliance on potentially large, infrequent donations, grants, or investment returns rather than a steady stream of smaller contributions. The full 990 would detail revenue sources.
Filing History
IRS 990 filing history for Minerva Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Minerva Foundation Inc's revenue has declined by 211.4%, moving from $739K to $-822,943. Total assets increased by 93.4% over the same period, from $5.3M to $10.3M. Total functional expenses rose by 46.9%, from $413K to $606K. The organization holds $1 in liabilities against $10.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $10.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-822,943 | $606K | $10.3M | $1 | — | View 990 |
| 2022 | $3.6M | $635K | $11.7M | $1 | — | View 990 |
| 2021 | $813K | $546K | $8.8M | $1 | — | View 990 |
| 2020 | $673K | $377K | $8.5M | $1 | — | — |
| 2019 | $608K | $621K | $8.2M | $1 | — | View 990 |
| 2015 | $539K | $431K | $7.6M | $0 | — | View 990 |
| 2014 | $451K | $382K | $7.5M | $0 | — | View 990 |
| 2013 | $2.0M | $349K | $7.4M | $0 | — | View 990 |
| 2012 | $702K | $223K | $5.8M | $1 | — | View 990 |
| 2011 | $739K | $413K | $5.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-822,943, expenses of $606K, and assets of $10.3M (revenue -123.1% year-over-year).
- 2022: Revenue of $3.6M, expenses of $635K, and assets of $11.7M (revenue +338.8% year-over-year).
- 2021: Revenue of $813K, expenses of $546K, and assets of $8.8M (revenue +20.8% year-over-year).
- 2020: Revenue of $673K, expenses of $377K, and assets of $8.5M (revenue +10.7% year-over-year).
- 2019: Revenue of $608K, expenses of $621K, and assets of $8.2M (revenue +12.7% year-over-year).
- 2015: Revenue of $539K, expenses of $431K, and assets of $7.6M (revenue +19.6% year-over-year).
- 2014: Revenue of $451K, expenses of $382K, and assets of $7.5M (revenue -77.3% year-over-year).
- 2013: Revenue of $2.0M, expenses of $349K, and assets of $7.4M (revenue +183.2% year-over-year).
- 2012: Revenue of $702K, expenses of $223K, and assets of $5.8M (revenue -5.0% year-over-year).
- 2011: Revenue of $739K, expenses of $413K, and assets of $5.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Minerva Foundation Inc:
Data Sources and Methodology
This transparency report for Minerva 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.