Nerman Family Foundation

Nerman Family Foundation maintains strong asset growth and minimal expenses with no officer compensation.

EIN: 208494550 · Bonita Spgs, FL · NTEE: T20 · Updated: 2026-03-28

$1.3MRevenue

$5.2MAssets

92/100Mission Score (Excellent)

T20

About Nerman Family Foundation

Nerman Family Foundation (EIN: 208494550) is a nonprofit organization based in Bonita Spgs, FL, classified under NTEE code T20. The organization reported total revenue of $1.3M and total assets of $5.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nerman Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Nerman Family Foundation demonstrates strong financial health with consistently growing assets, reaching $4,660,535 in 2023. The organization operates with remarkable efficiency, as evidenced by its very low expense ratios relative to revenue across multiple years. For instance, in 2023, expenses were $269,493 against revenues of $502,685, indicating a significant portion of income is retained or directly applied to its mission. The foundation's liabilities have remained minimal, consistently reported as $1 in recent years, which is a positive indicator of financial stability and low debt burden.

Spending efficiency is a major strength, with the foundation consistently spending a very small percentage of its revenue on operational costs. While the specific breakdown of program, administrative, and fundraising expenses isn't detailed in the provided summary, the overall low expense figures suggest a highly streamlined operation. The absence of officer compensation further enhances its efficiency and indicates that leadership is likely unpaid, contributing to more resources being available for the foundation's objectives.

Transparency appears high given the consistent filing of IRS Form 990s over a decade and the clear financial reporting. The lack of officer compensation is a significant positive for transparency and public trust. The foundation's consistent asset growth, from $570,225 in 2011 to $4,660,535 in 2023, reflects sound financial management and a sustainable model for its philanthropic activities.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Nerman Family Foundation with a Mission Score of 92 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: 5%
programs: 95%
fundraising: 0%

According to IRS 990 filings, Nerman Family Foundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 foundation's officers are unpaid, which is highly commendable for an organization of its size with assets exceeding $4.6 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.

Strengths

The following positive indicators were identified for Nerman Family Foundation:

Consistent and significant asset growth, reaching $4,660,535 in 2023.
Extremely low operational expenses relative to revenue, indicating high efficiency.
Zero officer compensation, maximizing resources for the mission.
Minimal liabilities, consistently reported as $1, reflecting strong financial health.
Consistent IRS 990 filing history, demonstrating transparency.

Frequently Asked Questions about Nerman Family Foundation

Is the Nerman Family Foundation financially stable?

Yes, the foundation is highly financially stable, demonstrated by consistent asset growth from $570,225 in 2011 to $4,660,535 in 2023, and minimal liabilities consistently reported as $1.

How efficient is the Nerman Family Foundation's spending?

The foundation is exceptionally efficient. For example, in 2023, expenses were $269,493 against revenues of $502,685, indicating a very low operational cost relative to its income, and 0% officer compensation further boosts efficiency.

Does the Nerman Family Foundation pay its officers?

No, the Nerman Family Foundation reports 0% officer compensation across all available IRS 990 filings, indicating that its leadership is unpaid.

Has the foundation's financial health improved over time?

Yes, the foundation's financial health has significantly improved, with assets growing from $570,225 in 2011 to $4,660,535 in 2023, and revenues generally increasing over the decade.

Filing History

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

Over 10 years of IRS 990 filings (2011–2023), Nerman Family Foundation's revenue has grown by 3011.8%, moving from $16K to $503K. Total assets increased by 717.3% over the same period, from $570K to $4.7M. Total functional expenses rose by 562.6%, from $41K to $269K. In its most recent filing year (2023), Nerman Family Foundation reported a surplus of $233K, with revenue exceeding expenses. The organization holds $1 in liabilities against $4.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.7M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$503K	$269K	$4.7M	$1	—	—
2022	$726K	$197K	$4.4M	$1	—	View 990
2021	$1.2M	$231K	$3.9M	$1	—	View 990
2020	$752K	$125K	$3.0M	$1	—	View 990
2019	$1.2M	$31K	$2.3M	$1	—	View 990
2015	$24K	$73K	$802K	$1	—	View 990
2014	$39K	$62K	$852K	$1	—	View 990
2013	$362K	$39K	$882K	$1	—	View 990
2012	$26K	$36K	$560K	$750	—	View 990
2011	$16K	$41K	$570K	$750	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $503K, expenses of $269K, and assets of $4.7M (revenue -30.7% year-over-year).
2022: Revenue of $726K, expenses of $197K, and assets of $4.4M (revenue -38.0% year-over-year).
2021: Revenue of $1.2M, expenses of $231K, and assets of $3.9M (revenue +55.6% year-over-year).
2020: Revenue of $752K, expenses of $125K, and assets of $3.0M (revenue -34.7% year-over-year).
2019: Revenue of $1.2M, expenses of $31K, and assets of $2.3M (revenue +4776.6% year-over-year).
2015: Revenue of $24K, expenses of $73K, and assets of $802K (revenue -38.9% year-over-year).
2014: Revenue of $39K, expenses of $62K, and assets of $852K (revenue -89.3% year-over-year).
2013: Revenue of $362K, expenses of $39K, and assets of $882K (revenue +1293.3% year-over-year).
2012: Revenue of $26K, expenses of $36K, and assets of $560K (revenue +60.6% year-over-year).
2011: Revenue of $16K, expenses of $41K, and assets of $570K.

Data Sources and Methodology

This transparency report for Nerman Family 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.