Pierson Family Foundation Inc
Pierson Family Foundation: High Assets, Low Program Spending, and Declining Revenue
EIN: 222770138 · Parsippany, NJ · Updated: 2026-04-04
About Pierson Family Foundation Inc
Pierson Family Foundation Inc (EIN: 222770138) is a nonprofit organization based in Parsippany, NJ. The organization reported total revenue of $9.8M and total assets of $6.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pierson Family Foundation Inc'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 Pierson Family Foundation Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 30%
- programs: 33%
- fundraising: 37%
According to IRS 990 filings, Pierson Family Foundation Inc allocates its expenses as follows: admin: 30%, programs: 33%, fundraising: 37%. Only 33% is directed toward programs, which may warrant further investigation by donors.
Executive Compensation Analysis
Executive compensation is not reported in the provided data, suggesting it may be minimal or non-existent, which is positive for a foundation of this 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 Pierson Family Foundation Inc's IRS 990 filings:
- Program spending (x) consistently represents a small fraction of total revenue (r) and assets (a), raising questions about direct charitable impact.
- Revenue has shown a significant decline from $1,742,903 in 2020 to $202,553 in 2023, which is a concerning trend for sustainability.
- The lack of a public website or detailed program information makes it difficult to assess the effectiveness and reach of their charitable initiatives.
Strengths
The following positive indicators were identified for Pierson Family Foundation Inc:
- The foundation maintains substantial assets, with $6,196,328 in 2023, providing a strong financial base.
- The foundation has consistently maintained a low or zero lobbying percentage (c), indicating a focus on direct charitable activities rather than political influence.
- The foundation has a long operating history, with filings dating back to 2013, suggesting stability and experience.
Frequently Asked Questions about Pierson Family Foundation Inc
What does Pierson Family Foundation Inc do?
Pierson Family Foundation Inc is a nonprofit organization in the Unknown sector, located in Parsippany, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Pierson Family Foundation Inc have?
Pierson Family Foundation Inc reported total revenue of $9,793,046. Based on 10 IRS 990 filings on record.
What are Pierson Family Foundation Inc's total assets?
Pierson Family Foundation Inc holds total assets of $6,681,315 as reported in IRS 990 filings.
Where is Pierson Family Foundation Inc located?
Pierson Family Foundation Inc is based in Parsippany, New Jersey.
What is Pierson Family Foundation Inc's EIN?
Pierson Family Foundation Inc's Employer Identification Number (EIN) is 222770138. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Pierson Family Foundation Inc?
Pierson Family Foundation Inc is classified under NTEE code Unknown (Unknown).
Is Pierson Family Foundation Inc a registered 501(c)(3)?
Pierson Family Foundation Inc appears in IRS records (EIN: 222770138). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Pierson Family Foundation Inc file IRS Form 990?
Yes, Pierson Family Foundation Inc has 10 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Pierson Family Foundation Inc's revenue in 2023?
In the 202306 filing period, Pierson Family Foundation Inc reported total revenue of $202,553, total expenses of $616,922, and net assets of $6,196,328.
Is Pierson Family Foundation Inc's revenue growing or declining?
Pierson Family Foundation Inc's revenue is declining. Revenue went from $699,773 (202206) to $202,553 (202306), a -71.1% change. Based on 10 filings on record.
What is Pierson Family Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Pierson Family Foundation Inc covers tax period 202306. It shows revenue of $202,553, expenses of $616,922, total assets of $6,196,328, and liabilities of $1.
How much does Pierson Family Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Pierson Family Foundation Inc allocates approximately 33% of expenses to program services, 30% to administrative costs, and 37% to fundraising. Overhead costs appear high relative to program spending.
Is Pierson Family Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Pierson Family Foundation Inc shows mixed signals. Mission Score: 45/100 (Fair). 3 red flags identified. 3 strengths noted.
What are the red flags for Pierson Family Foundation Inc?
The following concerns were identified: Program spending (x) consistently represents a small fraction of total revenue (r) and assets (a), raising questions about direct charitable impact.. Revenue has shown a significant decline from $1,742,903 in 2020 to $202,553 in 2023, which is a concerning trend for sustainability.. The lack of a public website or detailed program information makes it difficult to assess the effectiveness and reach of their charitable initiatives.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Pierson Family Foundation Inc's strengths?
Positive indicators for Pierson Family Foundation Inc include: The foundation maintains substantial assets, with $6,196,328 in 2023, providing a strong financial base.. The foundation has consistently maintained a low or zero lobbying percentage (c), indicating a focus on direct charitable activities rather than political influence.. The foundation has a long operating history, with filings dating back to 2013, suggesting stability and experience.. These findings are derived from AI analysis of the organization's financial filings.
How does Pierson Family Foundation Inc compensate executives?
Executive compensation is not reported in the provided data, suggesting it may be minimal or non-existent, which is positive for a foundation of this size. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Pierson Family Foundation Inc?
- The foundation's 990-PF filings are publicly available, offering some financial transparency. - Detailed program descriptions and impact reports are not readily accessible, limiting insight into their charitable activities. - The organization does not appear to have a dedicated website or public annual reports. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the significant assets and declining revenue, what is the foundation's long-term strategy for maintaining its mission and increasing its program spending?
The provided data does not offer insight into the foundation's strategic plans. The consistent low program spending relative to assets and the sharp decline in revenue suggest a need for a clear strategy to either increase fundraising, re-evaluate asset utilization, or adjust the scope of their charitable activities to ensure future impact.
How does the foundation ensure its administrative and fundraising expenses, which combined often exceed program spending, are optimized for efficiency and impact?
Without detailed operational reports, it's challenging to assess the efficiency of administrative and fundraising expenses. For example, in 2023, administrative and fundraising expenses (implied from the difference between revenue and program spending, and the overall spending breakdown) appear to be a significant portion of the total expenditures. A breakdown of these costs would be necessary to determine if they are justified by the outcomes achieved.
Filing History
IRS 990 filing history for Pierson Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Pierson Family Foundation Inc's revenue has declined by 47.7%, moving from $387K to $203K. Total assets increased by 54.2% over the same period, from $4.0M to $6.2M. Total functional expenses rose by 169.7%, from $229K to $617K. In its most recent filing year (2023), Pierson Family Foundation Inc reported a deficit of $414K, with expenses exceeding revenue. The organization holds $1 in liabilities against $6.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $6.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $203K | $617K | $6.2M | $1 | — | — |
| 2022 | $700K | $585K | $6.7M | $1 | — | View 990 |
| 2021 | $1.2M | $491K | $6.6M | $1 | — | — |
| 2020 | $1.7M | $421K | $5.9M | $0 | — | View 990 |
| 2019 | $263K | $474K | $4.5M | $0 | — | View 990 |
| 2015 | $603K | $269K | $4.9M | $0 | — | View 990 |
| 2014 | $700K | $254K | $4.5M | $0 | — | View 990 |
| 2013 | $545K | $238K | $4.1M | $0 | — | View 990 |
| 2012 | $-19,726 | $233K | $3.8M | $0 | — | View 990 |
| 2011 | $387K | $229K | $4.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $203K, expenses of $617K, and assets of $6.2M (revenue -71.1% year-over-year).
- 2022: Revenue of $700K, expenses of $585K, and assets of $6.7M (revenue -43.6% year-over-year).
- 2021: Revenue of $1.2M, expenses of $491K, and assets of $6.6M (revenue -28.8% year-over-year).
- 2020: Revenue of $1.7M, expenses of $421K, and assets of $5.9M (revenue +561.6% year-over-year).
- 2019: Revenue of $263K, expenses of $474K, and assets of $4.5M (revenue -56.3% year-over-year).
- 2015: Revenue of $603K, expenses of $269K, and assets of $4.9M (revenue -13.9% year-over-year).
- 2014: Revenue of $700K, expenses of $254K, and assets of $4.5M (revenue +28.5% year-over-year).
- 2013: Revenue of $545K, expenses of $238K, and assets of $4.1M.
- 2012: Revenue of $-19,726, expenses of $233K, and assets of $3.8M (revenue -105.1% year-over-year).
- 2011: Revenue of $387K, expenses of $229K, and assets of $4.0M.
Data Sources and Methodology
This transparency report for Pierson Family Foundation Inc 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.