Overton Family Foundation

Overton Family Foundation shows consistent asset growth and minimal liabilities with no reported officer compensation.

EIN: 200081041 · Suffolk, VA · NTEE: T20 · Updated: 2026-03-28

$613KRevenue

$8.2MAssets

90/100Mission Score (Excellent)

T20

About Overton Family Foundation

Overton Family Foundation (EIN: 200081041) is a nonprofit organization based in Suffolk, VA, classified under NTEE code T20. The organization reported total revenue of $613K and total assets of $8.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Overton Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Overton Family Foundation demonstrates strong financial health and consistent growth in assets, increasing from $3,969,741 in 2011 to $7,463,127 in 2023. The organization consistently operates with a surplus, as evidenced by revenues generally exceeding expenses across all reported periods (e.g., $942,272 revenue vs. $501,095 expenses in 2023). This indicates effective financial management and a sustainable operational model. The foundation's liabilities are consistently reported as minimal ($1 or $0), suggesting a very low debt burden and strong financial stability.

Regarding spending efficiency, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a precise assessment is challenging. However, the consistent surplus generation implies that the organization is not overspending. The absence of reported officer compensation across all filings suggests a highly efficient use of funds, likely directing more resources towards its mission. This also points to a high degree of transparency regarding executive remuneration.

Overall, the Overton Family Foundation appears to be a financially sound and well-managed organization. Its consistent asset growth, minimal liabilities, and lack of officer compensation are positive indicators of its financial health and commitment to its mission. Further detailed expense breakdowns would enhance the assessment of spending efficiency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Overton Family Foundation with a Mission Score of 90 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, Overton 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 Overton Family Foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers. This suggests a volunteer-led or very lean operational structure, directing more funds towards its programmatic activities.

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 Overton Family Foundation:

Consistent asset growth, from $3,969,741 in 2011 to $7,463,127 in 2023, indicating financial stability.
Minimal liabilities ($1 or $0 across all filings), demonstrating a very low debt burden.
No reported officer compensation, suggesting high efficiency and dedication of resources to the mission.
Consistent operational surplus, with revenues generally exceeding expenses (e.g., $942,272 revenue vs. $501,095 expenses in 2023).
Long filing history (9 filings), indicating sustained operation and compliance.

Frequently Asked Questions about Overton Family Foundation

What are the specific program activities funded by the Overton Family Foundation?

The provided data does not detail the specific program activities. To understand this, one would need to review the full IRS Form 990, specifically Part III (Statement of Program Service Accomplishments).

How does the foundation manage to operate without officer compensation?

The consistent reporting of 0% officer compensation suggests that the foundation's leadership may be entirely volunteer-based or that compensation is covered by an external entity, allowing all reported expenses to be non-executive related.

What is the primary source of the foundation's revenue?

The provided data only shows total revenue figures. To determine the primary source (e.g., contributions, investment income), one would need to consult the full IRS Form 990, specifically Part VIII (Statement of Revenue).

Filing History

IRS 990 filing history for Overton Family Foundation showing financial trends over 9 years of public records:

Over 9 years of IRS 990 filings (2011–2023), Overton Family Foundation's revenue has grown by 157.7%, moving from $366K to $942K. Total assets increased by 88% over the same period, from $4.0M to $7.5M. Total functional expenses rose by 162.9%, from $191K to $501K. In its most recent filing year (2023), Overton Family Foundation reported a surplus of $441K, with revenue exceeding expenses. The organization holds $1 in liabilities against $7.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $7.5M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$942K	$501K	$7.5M	$1	—	—
2022	$757K	$534K	$7.0M	$1	—	View 990
2021	$1.2M	$489K	$6.8M	$1	—	View 990
2020	$547K	$436K	$6.1M	$1	—	—
2019	$534K	$421K	$6.0M	$1	—	View 990
2015	$597K	$341K	$5.5M	$1	—	View 990
2013	$783K	$258K	$4.7M	$1	—	View 990
2012	$430K	$260K	$4.1M	$1	—	View 990
2011	$366K	$191K	$4.0M	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $942K, expenses of $501K, and assets of $7.5M (revenue +24.5% year-over-year).
2022: Revenue of $757K, expenses of $534K, and assets of $7.0M (revenue -36.3% year-over-year).
2021: Revenue of $1.2M, expenses of $489K, and assets of $6.8M (revenue +117.0% year-over-year).
2020: Revenue of $547K, expenses of $436K, and assets of $6.1M (revenue +2.5% year-over-year).
2019: Revenue of $534K, expenses of $421K, and assets of $6.0M (revenue -10.5% year-over-year).
2015: Revenue of $597K, expenses of $341K, and assets of $5.5M (revenue -23.8% year-over-year).
2013: Revenue of $783K, expenses of $258K, and assets of $4.7M (revenue +82.1% year-over-year).
2012: Revenue of $430K, expenses of $260K, and assets of $4.1M (revenue +17.6% year-over-year).
2011: Revenue of $366K, expenses of $191K, and assets of $4.0M.

Data Sources and Methodology

This transparency report for Overton 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.