Penn Oberlander Family Foundation
Penn Oberlander Family Foundation maintains strong assets and no executive compensation, despite fluctuating annual revenue.
EIN: 203858920 · Old Greenwich, CT · NTEE: T22 · Updated: 2026-03-28
Is Penn Oberlander Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Penn Oberlander Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Penn Oberlander Family Foundation
Penn Oberlander Family Foundation (EIN: 203858920) is a nonprofit organization based in Old Greenwich, CT, classified under NTEE code T22. The organization reported total revenue of $486K and total assets of $3.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Penn Oberlander Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Penn Oberlander 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Penn Oberlander 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
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly commendable for an organization of its size with assets exceeding $3 million.
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 Penn Oberlander Family Foundation's IRS 990 filings:
- Significant year-over-year revenue volatility (e.g., $559,735 in 2022 to $86,101 in 2023), which could indicate reliance on unpredictable funding.
Strengths
The following positive indicators were identified for Penn Oberlander Family Foundation:
- Consistent growth in assets, from $1.6 million in 2011 to over $3.2 million currently, demonstrating long-term financial health.
- Zero executive compensation reported across all filings, indicating highly efficient use of funds for its mission.
- Extremely low liabilities (often $1), reflecting a strong balance sheet and minimal financial risk.
- Consistent IRS 990 filing history over 10 periods, showing commitment to transparency.
Frequently Asked Questions about Penn Oberlander Family Foundation
Is Penn Oberlander Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Penn Oberlander Family Foundation (EIN: 203858920) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Penn Oberlander Family Foundation spend its money?
Penn Oberlander Family Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Penn Oberlander Family Foundation tax-deductible?
Penn Oberlander Family Foundation is registered as a tax-exempt nonprofit (EIN: 203858920). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Penn Oberlander Family Foundation financially stable?
Yes, the foundation is financially stable, evidenced by its growing assets from $1.6 million in 2011 to over $3.2 million currently, and consistently low liabilities (often $1).
How does the foundation manage executive compensation?
The foundation reports 0% officer compensation across all available filings, meaning no salaries are paid to its executives, which is a strong indicator of efficient resource allocation.
What is the trend in the foundation's revenue?
Revenue has been highly variable, with a peak of over $1 million in 2013, and a recent significant drop from $559,735 in 2022 to $86,101 in 2023, though the latest reported revenue is $486,006.
Does the foundation have significant debt?
No, the foundation consistently reports extremely low liabilities, often just $1, indicating a very healthy balance sheet with minimal debt.
Filing History
IRS 990 filing history for Penn Oberlander Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Penn Oberlander Family Foundation's revenue has declined by 78.7%, moving from $405K to $86K. Total assets increased by 69.4% over the same period, from $1.6M to $2.8M. Total functional expenses rose by 181.5%, from $148K to $417K. In its most recent filing year (2023), Penn Oberlander Family Foundation reported a deficit of $331K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $86K | $417K | $2.8M | $1 | — | — |
| 2022 | $560K | $400K | $2.8M | $1 | — | View 990 |
| 2021 | $527K | $455K | $3.0M | $1 | — | View 990 |
| 2020 | $521K | $376K | $2.7M | $1 | — | View 990 |
| 2019 | $445K | $386K | $2.5M | $1 | — | — |
| 2015 | $304K | $402K | $2.4M | $0 | — | View 990 |
| 2014 | $503K | $255K | $2.5M | $0 | — | View 990 |
| 2013 | $1.0M | $241K | $2.3M | $0 | — | View 990 |
| 2012 | $6K | $159K | $1.5M | $0 | — | View 990 |
| 2011 | $405K | $148K | $1.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $86K, expenses of $417K, and assets of $2.8M (revenue -84.6% year-over-year).
- 2022: Revenue of $560K, expenses of $400K, and assets of $2.8M (revenue +6.2% year-over-year).
- 2021: Revenue of $527K, expenses of $455K, and assets of $3.0M (revenue +1.1% year-over-year).
- 2020: Revenue of $521K, expenses of $376K, and assets of $2.7M (revenue +17.1% year-over-year).
- 2019: Revenue of $445K, expenses of $386K, and assets of $2.5M (revenue +46.5% year-over-year).
- 2015: Revenue of $304K, expenses of $402K, and assets of $2.4M (revenue -39.7% year-over-year).
- 2014: Revenue of $503K, expenses of $255K, and assets of $2.5M (revenue -50.4% year-over-year).
- 2013: Revenue of $1.0M, expenses of $241K, and assets of $2.3M (revenue +16291.4% year-over-year).
- 2012: Revenue of $6K, expenses of $159K, and assets of $1.5M (revenue -98.5% year-over-year).
- 2011: Revenue of $405K, expenses of $148K, and assets of $1.6M.
Data Sources and Methodology
This transparency report for Penn Oberlander 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.