Oconnor Family Foundation
Oconnor Family Foundation consistently maintains low expenses and zero officer compensation, growing assets for future grantmaking.
EIN: 208968716 · Chaska, MN · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $700K |
| Total Expenses | $55K |
| Program Spending | 85% |
| Net Assets | $449K |
| Transparency Score | 85/100 |
Is Oconnor Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Oconnor Family Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Oconnor Family Foundation
Oconnor Family Foundation (EIN: 208968716) is a nonprofit organization based in Chaska, MN, classified under NTEE code T20. The organization reported total revenue of $700K and total assets of $729K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Oconnor Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Oconnor Family Foundation is a small nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 31.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $147K |
| Total Expenses | $55K |
| Surplus / Deficit | +$93K |
| Total Assets | $449K |
| Total Liabilities | $1 |
| Net Assets | $449K |
| Operating Margin | 62.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 98.8 months |
Financial Health Grade: A
In 2023, Oconnor Family Foundation reported a surplus of $93K with revenue exceeding expenses, holds 98.8 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), Oconnor Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 31.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1134.0% | +69.3% | +25.9% |
| 2022 | -93.5% | +45.8% | -5.4% |
| 2021 | +3680.1% | -22.6% | +75.9% |
| 2020 | -63.3% | -0.5% | -10.0% |
| 2019 | +113.0% | +50.8% | +38.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Oconnor Family 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: 85%
- fundraising: 0%
According to IRS 990 filings, Oconnor Family Foundation allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. With 85% 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 surplus of $93K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that the foundation's leadership does not receive a salary, which is highly efficient for an organization 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.
Red Flags
The following concerns were identified during AI analysis of Oconnor Family Foundation's IRS 990 filings:
- Lack of detailed program spending breakdown in provided data
Strengths
The following positive indicators were identified for Oconnor Family Foundation:
- Consistent zero officer compensation across all filings
- Strong asset growth from $75,298 in 2011 to $449,120 in 2023
- Very low liabilities, consistently reported as $1 or $0
- Expenses consistently well below revenue, indicating financial stability and growth
- Good filing history with 10 available IRS 990s
Frequently Asked Questions about Oconnor Family Foundation
Is Oconnor Family Foundation a legitimate charity?
Oconnor Family Foundation (EIN: 208968716) is a registered tax-exempt nonprofit based in Minnesota. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $700K. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Oconnor Family Foundation spend its money?
Oconnor Family Foundation directs 85% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Oconnor Family Foundation tax-deductible?
Oconnor Family Foundation is registered as a tax-exempt nonprofit (EIN: 208968716). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Oconnor Family Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Oconnor Family Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Oconnor Family Foundation located?
Oconnor Family Foundation is headquartered in Chaska, Minnesota and files with the IRS under EIN 208968716. It is classified under NTEE code T20.
How many years of IRS 990 filings does Oconnor Family Foundation have?
Oconnor 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 $700K in total revenue.
What specific programs or organizations does the Oconnor Family Foundation support with its grants?
The provided IRS 990 data indicates the foundation's financial health and operational efficiency but does not detail the specific recipients or types of programs it funds. Further investigation into their public filings or website would be needed to identify their grantmaking focus.
How does the foundation determine its grantmaking priorities?
The available financial data does not provide insight into the foundation's grantmaking strategy or priority-setting process. As a family foundation, these decisions are typically made internally by the family members or board.
What is the typical annual grant distribution amount?
While the foundation's expenses are reported, the specific breakdown of grants paid versus other administrative costs is not detailed in the provided summary. However, given the low overall expenses and the nature of a private foundation, a significant portion of its expenditures would likely be grants.
Filing History
IRS 990 filing history for Oconnor Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Oconnor Family Foundation's revenue has grown by 2454.2%, moving from $6K to $147K. Total assets increased by 496.5% over the same period, from $75K to $449K. Total functional expenses rose by 564.3%, from $8K to $55K. In its most recent filing year (2023), Oconnor Family Foundation reported a surplus of $93K, with revenue exceeding expenses. The organization holds $1 in liabilities against $449K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $449K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $147K | $55K | $449K | $1 | — | — |
| 2022 | $12K | $32K | $357K | $1 | — | View 990 |
| 2021 | $185K | $22K | $377K | $1 | — | View 990 |
| 2020 | $5K | $29K | $214K | $1 | — | — |
| 2019 | $13K | $29K | $238K | $1 | — | View 990 |
| 2015 | $6K | $19K | $172K | $1 | — | View 990 |
| 2014 | $46K | $15K | $185K | $1 | — | View 990 |
| 2013 | $108K | $8K | $169K | $1 | — | View 990 |
| 2012 | $5K | $8K | $72K | $1 | — | View 990 |
| 2011 | $6K | $8K | $75K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $147K, expenses of $55K, and assets of $449K (revenue +1134.0% year-over-year).
- 2022: Revenue of $12K, expenses of $32K, and assets of $357K (revenue -93.5% year-over-year).
- 2021: Revenue of $185K, expenses of $22K, and assets of $377K (revenue +3680.1% year-over-year).
- 2020: Revenue of $5K, expenses of $29K, and assets of $214K (revenue -63.3% year-over-year).
- 2019: Revenue of $13K, expenses of $29K, and assets of $238K (revenue +113.0% year-over-year).
- 2015: Revenue of $6K, expenses of $19K, and assets of $172K (revenue -86.4% year-over-year).
- 2014: Revenue of $46K, expenses of $15K, and assets of $185K (revenue -57.4% year-over-year).
- 2013: Revenue of $108K, expenses of $8K, and assets of $169K (revenue +2141.3% year-over-year).
- 2012: Revenue of $5K, expenses of $8K, and assets of $72K (revenue -16.4% year-over-year).
- 2011: Revenue of $6K, expenses of $8K, and assets of $75K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Oconnor Family Foundation:
Data Sources and Methodology
This transparency report for Oconnor 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.