Normand A Ramsey Family Foundation
Normand A Ramsey Family Foundation consistently spends more than it earns, drawing down assets.
EIN: 202982227 · York Beach, ME · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $393K |
| Total Expenses | $34K |
| Program Spending | 80% |
| Net Assets | $501K |
| Transparency Score | 75/100 |
Is Normand A Ramsey Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Normand A Ramsey Family Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Normand A Ramsey Family Foundation
Normand A Ramsey Family Foundation (EIN: 202982227) is a nonprofit organization based in York Beach, ME, classified under NTEE code T22. The organization reported total revenue of $393K and total assets of $496K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Normand A Ramsey Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Normand A Ramsey Family Foundation is a small nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $11K |
| Total Expenses | $34K |
| Surplus / Deficit | $-23,875 |
| Total Assets | $501K |
| Total Liabilities | $1 |
| Net Assets | $501K |
| Operating Margin | -227.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 175.0 months |
Financial Health Grade: B
In 2023, Normand A Ramsey Family Foundation reported a deficit of $24K with expenses exceeding revenue, holds 175.0 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), Normand A Ramsey Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -15.7% | -1.6% | -4.5% |
| 2022 | -90.5% | -16.3% | -4.1% |
| 2021 | +377.5% | +21.4% | +19.6% |
| 2020 | +2.2% | +0.5% | -1.5% |
| 2019 | +224.8% | -15.3% | -33.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Normand A Ramsey Family Foundation 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: 20%
- programs: 80%
- fundraising: 0%
According to IRS 990 filings, Normand A Ramsey Family Foundation allocates its expenses as follows: admin: 20%, programs: 80%, fundraising: 0%. 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 $24K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or directors are receiving salaries from the foundation. This is a strong positive for a small foundation, ensuring that all available funds are directed towards its charitable purpose.
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 Normand A Ramsey Family Foundation's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue) in most years, leading to asset depletion.
- Significant decline in assets over the long term (from $927,783 in 2011 to $501,336 in 2023).
Strengths
The following positive indicators were identified for Normand A Ramsey Family Foundation:
- Zero executive compensation, ensuring funds are not diverted to salaries.
- Very low liabilities, indicating strong financial management regarding debt.
- Consistent filing history, demonstrating transparency and compliance.
Frequently Asked Questions about Normand A Ramsey Family Foundation
Is Normand A Ramsey Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Normand A Ramsey Family Foundation (EIN: 202982227) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Normand A Ramsey Family Foundation spend its money?
Normand A Ramsey Family Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Normand A Ramsey Family Foundation tax-deductible?
Normand A Ramsey Family Foundation is registered as a tax-exempt nonprofit (EIN: 202982227). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Normand A Ramsey Family Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Normand A Ramsey Family Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Normand A Ramsey Family Foundation located?
Normand A Ramsey Family Foundation is headquartered in York Beach, Maine and files with the IRS under EIN 202982227. It is classified under NTEE code T22.
How many years of IRS 990 filings does Normand A Ramsey Family Foundation have?
Normand A Ramsey Family 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 $393K in total revenue.
Is the Normand A Ramsey Family Foundation financially sustainable long-term?
Given the consistent trend of expenses exceeding revenue in most years (e.g., $34,384 expenses vs. $10,509 revenue in 2023), the foundation is drawing down its assets. While it still holds significant assets ($501,336 in 2023), this pattern suggests a finite lifespan if current spending and revenue trends continue without substantial new contributions or investment gains.
What is the primary purpose of this foundation?
Based on its NTEE code T22, the Normand A Ramsey Family Foundation is classified as a Private Grantmaking Foundation, meaning its primary purpose is to make grants to other organizations or individuals to further charitable causes.
How does the foundation manage its liabilities?
The foundation consistently reports extremely low liabilities, often $1 or $0 across all filings. This indicates very conservative financial management regarding debt and obligations.
Filing History
IRS 990 filing history for Normand A Ramsey Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Normand A Ramsey Family Foundation's revenue has declined by 12.4%, moving from $12K to $11K. Total assets decreased by 46% over the same period, from $928K to $501K. Total functional expenses fell by 48.2%, from $66K to $34K. In its most recent filing year (2023), Normand A Ramsey Family Foundation reported a deficit of $24K, with expenses exceeding revenue. The organization holds $1 in liabilities against $501K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $501K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $11K | $34K | $501K | $1 | — | — |
| 2022 | $12K | $35K | $525K | $1 | — | View 990 |
| 2021 | $132K | $42K | $548K | $1 | — | — |
| 2020 | $28K | $34K | $458K | $1 | — | — |
| 2019 | $27K | $34K | $465K | $1 | — | View 990 |
| 2015 | $8K | $40K | $696K | $1 | — | View 990 |
| 2014 | $9K | $41K | $728K | $0 | — | View 990 |
| 2013 | $35K | $91K | $760K | $0 | — | View 990 |
| 2012 | $13K | $95K | $846K | $0 | — | View 990 |
| 2011 | $12K | $66K | $928K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $11K, expenses of $34K, and assets of $501K (revenue -15.7% year-over-year).
- 2022: Revenue of $12K, expenses of $35K, and assets of $525K (revenue -90.5% year-over-year).
- 2021: Revenue of $132K, expenses of $42K, and assets of $548K (revenue +377.5% year-over-year).
- 2020: Revenue of $28K, expenses of $34K, and assets of $458K (revenue +2.2% year-over-year).
- 2019: Revenue of $27K, expenses of $34K, and assets of $465K (revenue +224.8% year-over-year).
- 2015: Revenue of $8K, expenses of $40K, and assets of $696K (revenue -2.7% year-over-year).
- 2014: Revenue of $9K, expenses of $41K, and assets of $728K (revenue -75.5% year-over-year).
- 2013: Revenue of $35K, expenses of $91K, and assets of $760K (revenue +167.7% year-over-year).
- 2012: Revenue of $13K, expenses of $95K, and assets of $846K (revenue +8.5% year-over-year).
- 2011: Revenue of $12K, expenses of $66K, and assets of $928K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Normand A Ramsey Family Foundation:
Data Sources and Methodology
This transparency report for Normand A Ramsey 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.