Morris S & Florence H Bender Foundation Inc
Morris S & Florence H Bender Foundation Inc maintains stable assets while consistently spending more than annual revenue, with no reported officer compensation.
EIN: 132951469 · Greenwich, CT · Updated: 2026-03-28
Is Morris S & Florence H Bender Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Morris S & Florence H Bender Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Morris S & Florence H Bender Foundation Inc
Morris S & Florence H Bender Foundation Inc (EIN: 132951469) is a nonprofit organization based in Greenwich, CT. The organization reported total revenue of $630K and total assets of $3.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Morris S & Florence H Bender Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Morris S & Florence H Bender Foundation Inc is a small nonprofit that has been operating for 48 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -10.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $41K |
| Total Expenses | $213K |
| Surplus / Deficit | $-172,550 |
| Total Assets | $3.0M |
| Total Liabilities | $1 |
| Net Assets | $3.0M |
| Operating Margin | -421.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 170.4 months |
Financial Health Grade: B
In 2023, Morris S & Florence H Bender Foundation Inc reported a deficit of $173K with expenses exceeding revenue, holds 170.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Morris S & Florence H Bender Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -10.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -91.0% | -29.7% | -5.3% |
| 2022 | +43.9% | +18.9% | +5.4% |
| 2021 | +502.6% | +14.9% | +2.0% |
| 2020 | -81.8% | -4.5% | -3.6% |
| 2019 | -34.4% | -6.6% | +1.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1978 |
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 Morris S & Florence H Bender 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Morris S & Florence H Bender 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $173K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are either unpaid volunteers or compensated through mechanisms not classified as officer compensation, which is highly favorable for a foundation of its size with assets around $3 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 Morris S & Florence H Bender Foundation Inc's IRS 990 filings:
- Expenses frequently exceed annual revenue, though this is common for endowed foundations.
Strengths
The following positive indicators were identified for Morris S & Florence H Bender Foundation Inc:
- Stable asset base consistently around $3 million.
- 0% reported officer compensation across all filings.
- Minimal liabilities ($0 or $1) indicating strong financial health.
- Consistent IRS 990 filing history demonstrates transparency.
Frequently Asked Questions about Morris S & Florence H Bender Foundation Inc
Is Morris S & Florence H Bender Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Morris S & Florence H Bender Foundation Inc (EIN: 132951469) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Morris S & Florence H Bender Foundation Inc spend its money?
Morris S & Florence H Bender Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Morris S & Florence H Bender Foundation Inc tax-deductible?
Morris S & Florence H Bender Foundation Inc is registered as a tax-exempt nonprofit (EIN: 132951469). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Morris S & Florence H Bender Foundation Inc a good charity?
Based on the available data, the foundation appears to be a well-managed private foundation with stable assets and no reported officer compensation. Its consistent grantmaking (implied by expenses often exceeding revenue) and minimal liabilities suggest good financial stewardship. However, without detailed program spending breakdowns, a full assessment of its charitable impact is limited.
How does the foundation manage its finances given that expenses often exceed revenue?
As a private foundation, it likely operates by distributing grants from its endowment. The consistent asset base around $3 million, despite annual expenses frequently surpassing revenue (e.g., $213,482 expenses vs. $40,932 revenue in 202306), suggests it draws from its principal or investment returns to fund its activities.
What is the primary focus of the foundation's spending?
While specific program details are not provided in the summary, given its structure as a foundation and the absence of officer compensation, it is highly probable that the vast majority of its expenses are directed towards grants and other charitable distributions, which constitute its program services.
Filing History
IRS 990 filing history for Morris S & Florence H Bender Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Morris S & Florence H Bender Foundation Inc's revenue has declined by 71.8%, moving from $145K to $41K. Total assets increased by 0.7% over the same period, from $3.0M to $3.0M. Total functional expenses rose by 12.7%, from $189K to $213K. In its most recent filing year (2023), Morris S & Florence H Bender Foundation Inc reported a deficit of $173K, with expenses exceeding revenue. The organization holds $1 in liabilities against $3.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $41K | $213K | $3.0M | $1 | — | — |
| 2022 | $455K | $303K | $3.2M | $1 | — | View 990 |
| 2021 | $316K | $255K | $3.0M | $1 | — | View 990 |
| 2020 | $52K | $222K | $3.0M | $1 | — | — |
| 2019 | $288K | $232K | $3.1M | $1 | — | — |
| 2015 | $439K | $249K | $3.0M | $0 | — | View 990 |
| 2014 | $281K | $220K | $2.9M | $0 | — | View 990 |
| 2013 | $177K | $228K | $2.8M | $0 | — | View 990 |
| 2012 | $65K | $229K | $2.8M | $0 | — | View 990 |
| 2011 | $145K | $189K | $3.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $41K, expenses of $213K, and assets of $3.0M (revenue -91.0% year-over-year).
- 2022: Revenue of $455K, expenses of $303K, and assets of $3.2M (revenue +43.9% year-over-year).
- 2021: Revenue of $316K, expenses of $255K, and assets of $3.0M (revenue +502.6% year-over-year).
- 2020: Revenue of $52K, expenses of $222K, and assets of $3.0M (revenue -81.8% year-over-year).
- 2019: Revenue of $288K, expenses of $232K, and assets of $3.1M (revenue -34.4% year-over-year).
- 2015: Revenue of $439K, expenses of $249K, and assets of $3.0M (revenue +56.1% year-over-year).
- 2014: Revenue of $281K, expenses of $220K, and assets of $2.9M (revenue +59.0% year-over-year).
- 2013: Revenue of $177K, expenses of $228K, and assets of $2.8M (revenue +170.4% year-over-year).
- 2012: Revenue of $65K, expenses of $229K, and assets of $2.8M (revenue -54.8% year-over-year).
- 2011: Revenue of $145K, expenses of $189K, and assets of $3.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Morris S & Florence H Bender Foundation Inc:
Data Sources and Methodology
This transparency report for Morris S & Florence H Bender 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.