Norman Foundation
Norman Foundation maintains over $20M in assets with minimal liabilities and no reported officer compensation.
EIN: 131862694 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.6M |
| Total Expenses | $1.5M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $20 |
| Net Assets | $19.7M |
| Transparency Score | 85/100 |
Is Norman Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Norman Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Norman Foundation
Norman Foundation (EIN: 131862694) is a nonprofit organization based in New York, NY. The organization reported total revenue of $1.6M and total assets of $21.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Norman Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Norman Foundation is a mid-size nonprofit that has been operating for 88 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.5M |
| Surplus / Deficit | $-46,870 |
| Total Assets | $19.7M |
| Total Liabilities | $1 |
| Net Assets | $19.7M |
| Operating Margin | -3.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 157.2 months |
Financial Health Grade: B
In 2023, Norman Foundation reported a deficit of $47K with expenses exceeding revenue, holds 157.2 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 Foundation's revenue has grown at a compound annual growth rate (CAGR) of 3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.6% | -15.2% | -0.3% |
| 2022 | -26.3% | +18.5% | -4.0% |
| 2021 | +49.5% | -8.5% | +3.9% |
| 2020 | -29.4% | +12.1% | -2.1% |
| 2019 | +308.8% | -4.7% | +1.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1938 |
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 Foundation 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Norman Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $47K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Norman Foundation consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid, compensated through an external entity, or that the foundation operates with a volunteer-based executive structure, which is highly unusual for an organization with over $20 million in assets.
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 Foundation's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data, making full efficiency assessment difficult.
- Consistent 0% officer compensation for an organization with over $20M in assets is unusual and may warrant further investigation into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Norman Foundation:
- Strong and consistent asset base, averaging over $20 million.
- Minimal liabilities across all reported periods, often $1, indicating excellent financial health and low debt.
- Consistent IRS 990 filing history, demonstrating transparency and compliance.
- 0% reported officer compensation, suggesting high efficiency in executive overhead.
Frequently Asked Questions about Norman Foundation
Is Norman Foundation a legitimate charity?
Norman Foundation (EIN: 131862694) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.6M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Norman Foundation spend its money?
Norman Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Norman Foundation tax-deductible?
Norman Foundation is registered as a tax-exempt nonprofit (EIN: 131862694). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Norman Foundation CEO make?
Norman Foundation's highest-compensated officer earns $20 annually. The organization reported $1.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Norman Foundation's spending goes to programs?
Norman Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Norman Foundation located?
Norman Foundation is headquartered in New York, New York and files with the IRS under EIN 131862694.
How many years of IRS 990 filings does Norman Foundation have?
Norman Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.6M in total revenue.
Is the Norman Foundation a good charity?
Based on the available data, the Norman Foundation appears to be a financially stable organization with substantial assets ($21,813,437) and minimal liabilities. The consistent reporting of 0% officer compensation is a strong positive indicator for efficiency. However, without detailed program spending information, a full assessment of its charitable impact is limited.
How does the Norman Foundation manage its executive compensation?
The Norman Foundation consistently reports 0% officer compensation in all its IRS 990 filings. This suggests that its executive leadership is either entirely volunteer-based, compensated by an external entity, or that the compensation is structured in a way not reported as officer compensation on the 990, which warrants further inquiry for full transparency.
What is the financial trend of the Norman Foundation?
The Norman Foundation shows consistent financial stability with assets generally hovering around $20 million. While annual revenues and expenses fluctuate (e.g., 202112 revenue of $2,289,658 vs. 202312 revenue of $1,457,254), the organization maintains a strong asset base and very low liabilities, indicating sound long-term financial management.
What is the Norman Foundation's spending efficiency?
Without a detailed breakdown of program, administrative, and fundraising expenses, a precise efficiency ratio cannot be calculated. However, the consistent reporting of 0% officer compensation suggests a very lean administrative overhead at the executive level, which is a positive indicator for spending efficiency.
Filing History
IRS 990 filing history for Norman Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Norman Foundation's revenue has grown by 48.2%, moving from $983K to $1.5M. Total assets decreased by 2.9% over the same period, from $20.3M to $19.7M. Total functional expenses rose by 12.9%, from $1.3M to $1.5M. In its most recent filing year (2023), Norman Foundation reported a deficit of $47K, with expenses exceeding revenue. The organization holds $1 in liabilities against $19.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $19.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.5M | $19.7M | $1 | — | View 990 |
| 2022 | $1.7M | $1.8M | $19.8M | $1 | — | View 990 |
| 2021 | $2.3M | $1.5M | $20.6M | $742K | — | View 990 |
| 2020 | $1.5M | $1.6M | $19.8M | $776K | — | View 990 |
| 2019 | $2.2M | $1.5M | $20.2M | $823K | — | View 990 |
| 2015 | $531K | $1.5M | $19.9M | $782K | — | View 990 |
| 2014 | $2.3M | $1.5M | $21.1M | $820K | — | View 990 |
| 2013 | $1.7M | $1.4M | $20.4M | $826K | — | View 990 |
| 2012 | $1.2M | $1.4M | $19.9M | $925K | — | View 990 |
| 2011 | $983K | $1.3M | $20.3M | $1.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.5M, and assets of $19.7M (revenue -13.6% year-over-year).
- 2022: Revenue of $1.7M, expenses of $1.8M, and assets of $19.8M (revenue -26.3% year-over-year).
- 2021: Revenue of $2.3M, expenses of $1.5M, and assets of $20.6M (revenue +49.5% year-over-year).
- 2020: Revenue of $1.5M, expenses of $1.6M, and assets of $19.8M (revenue -29.4% year-over-year).
- 2019: Revenue of $2.2M, expenses of $1.5M, and assets of $20.2M (revenue +308.8% year-over-year).
- 2015: Revenue of $531K, expenses of $1.5M, and assets of $19.9M (revenue -76.7% year-over-year).
- 2014: Revenue of $2.3M, expenses of $1.5M, and assets of $21.1M (revenue +34.8% year-over-year).
- 2013: Revenue of $1.7M, expenses of $1.4M, and assets of $20.4M (revenue +36.8% year-over-year).
- 2012: Revenue of $1.2M, expenses of $1.4M, and assets of $19.9M (revenue +25.8% year-over-year).
- 2011: Revenue of $983K, expenses of $1.3M, and assets of $20.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Norman Foundation:
Data Sources and Methodology
This transparency report for Norman 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.