Pearson Family Foundationincorporated
Pearson Family Foundation consistently operates at a deficit, drawing down assets to cover expenses.
EIN: 208215845 · Midlothian, VA · NTEE: G12 · Updated: 2026-03-28
Is Pearson Family Foundationincorporated Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Pearson Family Foundationincorporated directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Pearson Family Foundationincorporated
Pearson Family Foundationincorporated (EIN: 208215845) is a nonprofit organization based in Midlothian, VA, classified under NTEE code G12. The organization reported total revenue of $463K and total assets of $390K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pearson Family Foundationincorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pearson Family Foundationincorporated is a small nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $15K |
| Total Expenses | $110K |
| Surplus / Deficit | $-94,923 |
| Total Assets | $285K |
| Total Liabilities | $1 |
| Net Assets | $285K |
| Operating Margin | -625.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 31.0 months |
Financial Health Grade: B
In 2023, Pearson Family Foundationincorporated reported a deficit of $95K with expenses exceeding revenue, holds 31.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -48.3% | +129.2% | -25.1% |
| 2022 | -47.0% | -40.4% | -4.7% |
| 2021 | +32.8% | +55.8% | -5.9% |
| 2020 | +27.5% | +163.3% | -2.3% |
| 2019 | +182.4% | +205.9% | +671.6% |
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 Pearson Family Foundationincorporated with a Mission Score of 65 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Pearson Family Foundationincorporated 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 $95K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating a volunteer-led organization or one with no paid officers, which is a positive for minimizing administrative overhead.
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 Pearson Family Foundationincorporated's IRS 990 filings:
- Persistent operational deficits (e.g., 202312: Revenue $15,185, Expenses $110,108)
- Declining asset base over recent years (e.g., $433,694 in 201912 to $284,778 in 202312)
- Unusual consistent reporting of $1 in liabilities across multiple filings
Strengths
The following positive indicators were identified for Pearson Family Foundationincorporated:
- No reported officer compensation, indicating a volunteer-led or very lean executive structure
- Consistent IRS 990 filing history, demonstrating transparency
- NTEE code G12 suggests a focus on grantmaking, which is typically direct program activity
Frequently Asked Questions about Pearson Family Foundationincorporated
Is Pearson Family Foundationincorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Pearson Family Foundationincorporated (EIN: 208215845) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Pearson Family Foundationincorporated spend its money?
Pearson Family Foundationincorporated directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Pearson Family Foundationincorporated tax-deductible?
Pearson Family Foundationincorporated is registered as a tax-exempt nonprofit (EIN: 208215845). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the foundation's strategy to address its persistent operational deficits?
The foundation has consistently reported expenses exceeding revenue, with the latest filing (202312) showing expenses of $110,108 against revenue of $15,185. This trend suggests a need for a clear financial sustainability plan.
How does the foundation allocate its expenses between program services and administrative costs?
Without a detailed breakdown of expenses, it's difficult to assess the efficiency of spending. Given the NTEE code G12, most expenses should ideally be related to grantmaking activities.
Why have the foundation's assets been declining in recent years?
Assets have decreased from $433,694 in 201912 to $284,778 in 202312. This decline, coupled with operational deficits, suggests the foundation may be using its principal to cover ongoing costs.
What is the significance of reporting $1 in liabilities consistently across multiple years?
The consistent reporting of $1 in liabilities is unusual and might indicate a simplified accounting practice for a small foundation, but it warrants clarification for full financial transparency.
Filing History
IRS 990 filing history for Pearson Family Foundationincorporated showing financial trends over 10 years of public records:
Total assets increased by 11658% over the same period, from $2K to $285K. Total functional expenses rose by 1160%, from $9K to $110K. In its most recent filing year (2023), Pearson Family Foundationincorporated reported a deficit of $95K, with expenses exceeding revenue. The organization holds $1 in liabilities against $285K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $285K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $15K | $110K | $285K | $1 | — | — |
| 2022 | $29K | $48K | $380K | $1 | — | View 990 |
| 2021 | $55K | $81K | $399K | $1 | — | View 990 |
| 2020 | $42K | $52K | $424K | $1 | — | View 990 |
| 2019 | $33K | $20K | $434K | $1 | — | View 990 |
| 2015 | $12K | $6K | $56K | $1 | — | View 990 |
| 2014 | $51K | $1K | $51K | $1 | — | View 990 |
| 2013 | $4K | $3K | $1K | $0 | — | View 990 |
| 2012 | $5K | $7K | $627 | $0 | — | View 990 |
| 2011 | $0 | $9K | $2K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $15K, expenses of $110K, and assets of $285K (revenue -48.3% year-over-year).
- 2022: Revenue of $29K, expenses of $48K, and assets of $380K (revenue -47.0% year-over-year).
- 2021: Revenue of $55K, expenses of $81K, and assets of $399K (revenue +32.8% year-over-year).
- 2020: Revenue of $42K, expenses of $52K, and assets of $424K (revenue +27.5% year-over-year).
- 2019: Revenue of $33K, expenses of $20K, and assets of $434K (revenue +182.4% year-over-year).
- 2015: Revenue of $12K, expenses of $6K, and assets of $56K (revenue -77.2% year-over-year).
- 2014: Revenue of $51K, expenses of $1K, and assets of $51K (revenue +1352.6% year-over-year).
- 2013: Revenue of $4K, expenses of $3K, and assets of $1K (revenue -30.0% year-over-year).
- 2012: Revenue of $5K, expenses of $7K, and assets of $627.
- 2011: Revenue of $0, expenses of $9K, and assets of $2K.
Data Sources and Methodology
This transparency report for Pearson Family Foundationincorporated 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.