Nerney Family Foundation
Nerney Family Foundation consistently grows assets with zero reported officer compensation, focusing on grantmaking.
EIN: 204976135 · Wayne, PA · NTEE: T20 · Updated: 2026-03-28
Is Nerney Family Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Nerney Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Nerney Family Foundation
Nerney Family Foundation (EIN: 204976135) is a nonprofit organization based in Wayne, PA, classified under NTEE code T20. The organization reported total revenue of $3.2M and total assets of $5.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nerney Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Nerney Family Foundation with a Mission Score of 95 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, Nerney Family Foundation 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.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to executives, which is highly efficient for a foundation of its size.
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 Nerney Family Foundation:
- Zero reported officer compensation across all filings, maximizing funds for mission.
- Consistent growth in assets, from $1,073,914 in 2019 to $2,117,719 in 2023, indicating strong financial management.
- Expenses generally below revenue in recent years, contributing to asset accumulation.
- Minimal liabilities reported ($1 in recent years), reflecting sound financial practices.
- Strong program focus, typical of a private grantmaking foundation, with a high percentage of spending directed to charitable activities.
Frequently Asked Questions about Nerney Family Foundation
Is Nerney Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Nerney Family Foundation (EIN: 204976135) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Nerney Family Foundation spend its money?
Nerney Family Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Nerney Family Foundation tax-deductible?
Nerney Family Foundation is registered as a tax-exempt nonprofit (EIN: 204976135). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Nerney Family Foundation a good charity?
Yes, as a private grantmaking foundation, it appears to be a highly efficient and well-managed entity, consistently growing its assets and reporting no officer compensation, which means more funds are available for its charitable purpose.
How has the foundation's financial health changed over time?
The foundation has shown consistent growth in revenue and assets, particularly in the last five years. Revenue increased from $1,628,474 in 2019 to $1,677,995 in 2023, and assets more than doubled from $1,073,914 to $2,117,719 in the same period, indicating strong financial health and accumulation of capital for future grantmaking.
What is the primary activity of this foundation?
Based on its NTEE code T20 (Private Grantmaking Foundations), its primary activity is making grants to other charitable organizations rather than directly operating programs.
Filing History
IRS 990 filing history for Nerney Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Nerney Family Foundation's revenue has grown by 547.4%, moving from $259K to $1.7M. Total assets increased by 94.2% over the same period, from $1.1M to $2.1M. Total functional expenses rose by 547.6%, from $178K to $1.2M. In its most recent filing year (2023), Nerney Family Foundation reported a surplus of $527K, with revenue exceeding expenses. The organization holds $1 in liabilities against $2.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $1.2M | $2.1M | $1 | — | — |
| 2022 | $1.6M | $1.2M | $1.6M | $1 | — | View 990 |
| 2021 | $1.7M | $1.4M | $1.2M | $1 | — | — |
| 2020 | $1.6M | $1.7M | $964K | $1 | — | — |
| 2019 | $1.6M | $1.6M | $1.1M | $1 | — | View 990 |
| 2015 | $678K | $1.0M | $983K | $1 | — | View 990 |
| 2014 | $30K | $72K | $1.3M | $1 | — | View 990 |
| 2013 | $278K | $78K | $1.4M | $0 | — | View 990 |
| 2012 | $225K | $150K | $1.2M | $0 | — | View 990 |
| 2011 | $259K | $178K | $1.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $1.2M, and assets of $2.1M (revenue +3.9% year-over-year).
- 2022: Revenue of $1.6M, expenses of $1.2M, and assets of $1.6M (revenue -3.4% year-over-year).
- 2021: Revenue of $1.7M, expenses of $1.4M, and assets of $1.2M (revenue +2.1% year-over-year).
- 2020: Revenue of $1.6M, expenses of $1.7M, and assets of $964K (revenue +0.5% year-over-year).
- 2019: Revenue of $1.6M, expenses of $1.6M, and assets of $1.1M (revenue +140.1% year-over-year).
- 2015: Revenue of $678K, expenses of $1.0M, and assets of $983K (revenue +2152.4% year-over-year).
- 2014: Revenue of $30K, expenses of $72K, and assets of $1.3M (revenue -89.2% year-over-year).
- 2013: Revenue of $278K, expenses of $78K, and assets of $1.4M (revenue +23.6% year-over-year).
- 2012: Revenue of $225K, expenses of $150K, and assets of $1.2M (revenue -13.3% year-over-year).
- 2011: Revenue of $259K, expenses of $178K, and assets of $1.1M.
Data Sources and Methodology
This transparency report for Nerney 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.