Mjpm Foundation

Mjpm Foundation consistently spends more than its annual revenue, drawing from its substantial asset base.

EIN: 134043598 · Salisbury, CT · NTEE: T20 · Updated: 2026-03-28

$468KRevenue

$20.8MAssets

75/100Mission Score (Good)

T20

About Mjpm Foundation

Mjpm Foundation (EIN: 134043598) is a nonprofit organization based in Salisbury, CT, classified under NTEE code T20. The organization reported total revenue of $468K and total assets of $20.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mjpm Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Mjpm Foundation demonstrates a consistent pattern of spending significantly more than its annual revenue, as evidenced by its 2023 expenses of $1,215,456 against revenues of $422,603, and similar trends in prior years. This operational deficit is sustained by its substantial asset base, which stood at $18,978,810 in 2023. While the organization maintains a healthy asset-to-liability ratio (liabilities consistently reported as $1 or $0), the reliance on drawing down assets to cover operational costs raises questions about long-term financial sustainability if this trend continues without a corresponding increase in revenue or reduction in expenses.

The foundation's transparency is bolstered by its consistent filing of IRS Form 990s, with 10 filings available, indicating adherence to reporting requirements. The absence of officer compensation reported across all filings suggests that the foundation operates without paid executive leadership, which can be a positive indicator of efficiency, though it's important to understand how leadership functions. The NTEE code T20 (Private Grantmaking Foundations) aligns with its operational model of distributing funds, which is a common practice for foundations of this type.

However, without a detailed breakdown of expenses into program, administrative, and fundraising categories from the provided data, it's challenging to fully assess spending efficiency. The consistent operational deficits, where expenses frequently exceed revenue by a factor of 2-3x (e.g., 2023 expenses were nearly 3x revenue), suggest that the foundation is primarily a grant-making entity distributing from its endowment rather than an organization generating significant program service revenue. This model is typical for private foundations, but a clear understanding of the grants made would be necessary for a complete picture of program impact.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Mjpm Foundation with a Mission Score of 75 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: 8%
programs: 90%
fundraising: 2%

According to IRS 990 filings, Mjpm Foundation allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that the Mjpm Foundation does not pay its officers, which is a positive sign for minimizing overhead costs relative to its asset size of over $18 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 Mjpm Foundation's IRS 990 filings:

Consistent operational deficits where expenses significantly exceed revenue (e.g., 2023 expenses were nearly 3x revenue), indicating reliance on asset drawdowns.
Lack of detailed expense breakdown in provided data makes it difficult to fully assess spending efficiency beyond the overall deficit.

Strengths

The following positive indicators were identified for Mjpm Foundation:

Substantial asset base ($20,812,166 latest, $18,978,810 in 2023) provides financial stability despite operational deficits.
Zero reported officer compensation across all filings, indicating efficient use of funds at the executive level.
Consistent IRS 990 filing history (10 filings) demonstrates good transparency and compliance.
Extremely low liabilities ($1 or $0 reported consistently) indicates strong financial health regarding debt.

Frequently Asked Questions about Mjpm Foundation

Is Mjpm Foundation financially sustainable given its consistent operational deficits?

The Mjpm Foundation consistently spends more than its annual revenue (e.g., $1,215,456 in expenses vs. $422,603 in revenue in 2023). This is sustained by its large asset base ($18,978,810 in 2023), suggesting it operates by distributing from its endowment. While not immediately unsustainable due to its assets, this model requires careful management to ensure long-term viability.

What is the primary purpose of Mjpm Foundation's expenditures?

Given its NTEE code T20 (Private Grantmaking Foundations) and the significant expenses relative to revenue, it is highly probable that the majority of the foundation's expenditures are in the form of grants to other organizations or individuals, aligning with a grantmaking mission.

How does Mjpm Foundation manage its leadership without officer compensation?

The consistent reporting of 0% officer compensation suggests that the foundation's leadership may be voluntary or compensated through other means not classified as officer compensation, or that the foundation operates with minimal paid staff, relying on board members for governance.

What is the trend in Mjpm Foundation's asset growth?

The foundation's assets have generally grown over the long term, from $13,498,702 in 2011 to $18,978,810 in 2023, despite periods of decline (e.g., from $21,307,729 in 2021 to $18,978,810 in 2023), indicating a robust financial base.

Filing History

IRS 990 filing history for Mjpm Foundation showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Mjpm Foundation's revenue has grown by 746.8%, moving from $50K to $423K. Total assets increased by 40.6% over the same period, from $13.5M to $19.0M. Total functional expenses rose by 150.4%, from $485K to $1.2M. In its most recent filing year (2023), Mjpm Foundation reported a deficit of $793K, with expenses exceeding revenue. The organization holds $1 in liabilities against $19.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $19.0M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$423K	$1.2M	$19.0M	$1	—	View 990
2022	$369K	$818K	$17.2M	$1	—	View 990
2021	$363K	$1.3M	$21.3M	$1	—	View 990
2020	$321K	$830K	$19.5M	$1	—	View 990
2019	$429K	$737K	$17.8M	$1	—	View 990
2015	$680K	$859K	$14.8M	$1	—	View 990
2014	$381K	$1.2M	$16.1M	$0	—	View 990
2013	$483K	$747K	$16.4M	$0	—	View 990
2012	$831K	$637K	$14.7M	$0	—	View 990
2011	$50K	$485K	$13.5M	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $423K, expenses of $1.2M, and assets of $19.0M (revenue +14.5% year-over-year).
2022: Revenue of $369K, expenses of $818K, and assets of $17.2M (revenue +1.6% year-over-year).
2021: Revenue of $363K, expenses of $1.3M, and assets of $21.3M (revenue +13.1% year-over-year).
2020: Revenue of $321K, expenses of $830K, and assets of $19.5M (revenue -25.2% year-over-year).
2019: Revenue of $429K, expenses of $737K, and assets of $17.8M (revenue -36.8% year-over-year).
2015: Revenue of $680K, expenses of $859K, and assets of $14.8M (revenue +78.5% year-over-year).
2014: Revenue of $381K, expenses of $1.2M, and assets of $16.1M (revenue -21.2% year-over-year).
2013: Revenue of $483K, expenses of $747K, and assets of $16.4M (revenue -41.9% year-over-year).
2012: Revenue of $831K, expenses of $637K, and assets of $14.7M (revenue +1565.5% year-over-year).
2011: Revenue of $50K, expenses of $485K, and assets of $13.5M.

Data Sources and Methodology

This transparency report for Mjpm 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.