Norman & Bettina Roberts Foundation Inc
Norman & Bettina Roberts Foundation Inc. consistently spends down its endowment, with assets declining from $23M to $9M over a decade.
EIN: 133702467 · Hillsdale, NJ · Updated: 2026-03-28
Is Norman & Bettina Roberts Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Norman & Bettina Roberts Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Norman & Bettina Roberts Foundation Inc
Norman & Bettina Roberts Foundation Inc (EIN: 133702467) is a nonprofit organization based in Hillsdale, NJ. The organization reported total revenue of $8.6M and total assets of $9.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Norman & Bettina Roberts Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Norman & Bettina Roberts Foundation Inc is a mid-size nonprofit that has been operating for 33 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -12.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $576K |
| Total Expenses | $628K |
| Surplus / Deficit | $-52,491 |
| Total Assets | $9.1M |
| Total Liabilities | $1 |
| Net Assets | $9.1M |
| Operating Margin | -9.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 173.3 months |
Financial Health Grade: B
In 2023, Norman & Bettina Roberts Foundation Inc reported a deficit of $52K with expenses exceeding revenue, holds 173.3 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), Norman & Bettina Roberts Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -12.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +227.9% | +7.2% | -0.6% |
| 2022 | -83.1% | -59.3% | -4.3% |
| 2021 | +61.1% | +101.8% | -10.4% |
| 2020 | -3.6% | -11.1% | -0.2% |
| 2019 | -61.5% | -65.9% | -56.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
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 Norman & Bettina Roberts Foundation Inc 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: 9%
- programs: 90%
- fundraising: 1%
According to IRS 990 filings, Norman & Bettina Roberts Foundation Inc allocates its expenses as follows: admin: 9%, programs: 90%, fundraising: 1%. 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 $52K, 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 the organization's officers are not directly compensated, which is a positive sign for resource allocation.
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 Norman & Bettina Roberts Foundation Inc's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) in 9 out of 10 periods, indicating reliance on asset drawdowns.
- Significant decline in total assets over the past decade, from $23.2M to $9.07M, suggesting a spend-down strategy without replenishment.
Strengths
The following positive indicators were identified for Norman & Bettina Roberts Foundation Inc:
- Zero reported officer compensation across all filings, indicating efficient use of funds at the executive level.
- Extremely low liabilities ($1-$281) across all periods, demonstrating strong financial solvency and minimal debt.
- Consistent grantmaking activity, as evidenced by expenses exceeding revenue, indicating active distribution of funds for its mission.
Frequently Asked Questions about Norman & Bettina Roberts Foundation Inc
Is Norman & Bettina Roberts Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Norman & Bettina Roberts Foundation Inc (EIN: 133702467) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Norman & Bettina Roberts Foundation Inc spend its money?
Norman & Bettina Roberts Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Norman & Bettina Roberts Foundation Inc tax-deductible?
Norman & Bettina Roberts Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133702467). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Norman & Bettina Roberts Foundation Inc. a good charity?
Based on the available data, the foundation appears to be effectively distributing its assets for charitable purposes, as evidenced by consistent expenses exceeding revenue and a declining asset base. The lack of officer compensation is a strong positive indicator. However, without detailed program expense breakdowns, it's challenging to fully assess its programmatic impact.
Why are the assets declining so significantly?
The decline in assets from $23.2 million in 2011 to $9.07 million in 2023, coupled with expenses consistently exceeding revenue, suggests that the foundation is intentionally spending down its endowment to fund its charitable activities rather than maintaining or growing its principal.
What is the organization's primary financial strategy?
The organization's primary financial strategy appears to be a spend-down approach, where it uses its principal assets to fund its operations and grantmaking, as indicated by the consistent deficit spending (expenses > revenue) and the significant reduction in total assets over time.
Filing History
IRS 990 filing history for Norman & Bettina Roberts Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Norman & Bettina Roberts Foundation Inc's revenue has declined by 80.2%, moving from $2.9M to $576K. Total assets decreased by 60.9% over the same period, from $23.2M to $9.1M. Total functional expenses fell by 63.4%, from $1.7M to $628K. In its most recent filing year (2023), Norman & Bettina Roberts Foundation Inc reported a deficit of $52K, with expenses exceeding revenue. The organization holds $1 in liabilities against $9.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $9.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $576K | $628K | $9.1M | $1 | — | View 990 |
| 2022 | $176K | $586K | $9.1M | $1 | — | View 990 |
| 2021 | $1.0M | $1.4M | $9.5M | $1 | — | View 990 |
| 2020 | $645K | $714K | $10.6M | $1 | — | View 990 |
| 2019 | $669K | $803K | $10.7M | $281 | — | View 990 |
| 2015 | $1.7M | $2.4M | $24.4M | $1 | — | View 990 |
| 2014 | $2.9M | $2.2M | $24.9M | $1 | — | View 990 |
| 2013 | $3.2M | $2.0M | $24.4M | $1 | — | View 990 |
| 2012 | $1.8M | $1.7M | $23.3M | $1 | — | View 990 |
| 2011 | $2.9M | $1.7M | $23.2M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $576K, expenses of $628K, and assets of $9.1M (revenue +227.9% year-over-year).
- 2022: Revenue of $176K, expenses of $586K, and assets of $9.1M (revenue -83.1% year-over-year).
- 2021: Revenue of $1.0M, expenses of $1.4M, and assets of $9.5M (revenue +61.1% year-over-year).
- 2020: Revenue of $645K, expenses of $714K, and assets of $10.6M (revenue -3.6% year-over-year).
- 2019: Revenue of $669K, expenses of $803K, and assets of $10.7M (revenue -61.5% year-over-year).
- 2015: Revenue of $1.7M, expenses of $2.4M, and assets of $24.4M (revenue -40.2% year-over-year).
- 2014: Revenue of $2.9M, expenses of $2.2M, and assets of $24.9M (revenue -9.9% year-over-year).
- 2013: Revenue of $3.2M, expenses of $2.0M, and assets of $24.4M (revenue +75.3% year-over-year).
- 2012: Revenue of $1.8M, expenses of $1.7M, and assets of $23.3M (revenue -36.7% year-over-year).
- 2011: Revenue of $2.9M, expenses of $1.7M, and assets of $23.2M.
Data Sources and Methodology
This transparency report for Norman & Bettina Roberts 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.