Prentice Family Foundation
Prentice Family Foundation shows consistent asset growth and minimal liabilities with no reported officer compensation.
EIN: 202557712 · Jacksonville, FL · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $22.0M |
| Total Expenses | $1.3M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $35 |
| Net Assets | $23.6M |
| Transparency Score | 92/100 |
Is Prentice Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Prentice Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Prentice Family Foundation
Prentice Family Foundation (EIN: 202557712) is a nonprofit organization based in Jacksonville, FL, classified under NTEE code T20. The organization reported total revenue of $22.0M and total assets of $35.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Prentice Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Prentice Family Foundation is a large nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 21.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.8M |
| Total Expenses | $1.3M |
| Surplus / Deficit | +$4.5M |
| Total Assets | $23.6M |
| Total Liabilities | $1 |
| Net Assets | $23.6M |
| Operating Margin | 76.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 211.8 months |
Financial Health Grade: A
In 2023, Prentice Family Foundation reported a surplus of $4.5M with revenue exceeding expenses, holds 211.8 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), Prentice Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 21.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +676.1% | +17.8% | +23.1% |
| 2022 | -61.1% | +7.8% | -2.0% |
| 2021 | -62.9% | -12.3% | +4.6% |
| 2020 | +47.8% | +17.8% | +26.5% |
| 2019 | +202.1% | +27.8% | +8.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Prentice Family Foundation with a Mission Score of 92 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, Prentice 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $4.5M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, which is highly unusual for an organization with assets exceeding $35 million. This suggests either a volunteer-led executive structure or that executive compensation is covered by an external entity, which enhances the foundation's financial efficiency.
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 Prentice Family Foundation's IRS 990 filings:
- Lack of detailed program spending breakdown in provided data
- Unusually low reported expenses relative to revenue in some periods, potentially indicating significant asset accumulation over immediate program deployment
Strengths
The following positive indicators were identified for Prentice Family Foundation:
- Consistent and substantial asset growth, from $10.9M in 2011 to $35.9M currently.
- Extremely low liabilities, often reported as $1, indicating strong financial stability.
- No reported officer compensation across all filings, suggesting high efficiency in executive overhead.
- Strong revenue generation, with latest reported revenue at $21,958,595.
- Positive net assets, consistently growing over the past decade.
Frequently Asked Questions about Prentice Family Foundation
Is Prentice Family Foundation a legitimate charity?
Prentice Family Foundation (EIN: 202557712) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 92/100. It has 10 years of IRS 990 filings on record. Total revenue: $22.0M. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Prentice Family Foundation spend its money?
Prentice Family Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Prentice Family Foundation tax-deductible?
Prentice Family Foundation is registered as a tax-exempt nonprofit (EIN: 202557712). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Prentice Family Foundation CEO make?
Prentice Family Foundation's highest-compensated officer earns $35 annually. The organization reported $22.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Prentice Family Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Prentice 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 Prentice Family Foundation located?
Prentice Family Foundation is headquartered in Jacksonville, Florida and files with the IRS under EIN 202557712. It is classified under NTEE code T20.
How many years of IRS 990 filings does Prentice Family Foundation have?
Prentice 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 $22.0M in total revenue.
How does the Prentice Family Foundation manage its administrative costs given no reported officer compensation?
The absence of reported officer compensation suggests that the foundation's executive leadership may be volunteer-based or that administrative services, including executive functions, are provided pro bono or through an affiliated entity. This contributes to very low reported expenses relative to revenue and assets.
What is the primary focus of the Prentice Family Foundation's grantmaking?
Based on the NTEE code T20 (Foundations, Philanthropy, and Grantmaking), the foundation's primary focus is likely grantmaking to other charitable organizations. Specific details on the types of causes or organizations supported would require reviewing the full 990 forms.
Is the Prentice Family Foundation's asset growth sustainable?
The foundation has demonstrated consistent and substantial asset growth, from $10.9 million in 2011 to $35.9 million currently. The latest period saw a significant increase in assets to $23.6 million, indicating strong financial management and investment performance, suggesting sustainability.
Filing History
IRS 990 filing history for Prentice Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Prentice Family Foundation's revenue has grown by 885.4%, moving from $587K to $5.8M. Total assets increased by 115.9% over the same period, from $10.9M to $23.6M. Total functional expenses rose by 72.6%, from $776K to $1.3M. In its most recent filing year (2023), Prentice Family Foundation reported a surplus of $4.5M, with revenue exceeding expenses. The organization holds $1 in liabilities against $23.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $23.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.8M | $1.3M | $23.6M | $1 | — | — |
| 2022 | $746K | $1.1M | $19.2M | $1 | — | View 990 |
| 2021 | $1.9M | $1.1M | $19.6M | $10K | — | View 990 |
| 2020 | $5.2M | $1.2M | $18.7M | $1 | — | View 990 |
| 2019 | $3.5M | $1.0M | $14.8M | $0 | — | View 990 |
| 2015 | $1.2M | $799K | $13.7M | $0 | — | View 990 |
| 2014 | $3.0M | $1.1M | $13.3M | $0 | — | View 990 |
| 2013 | $2.0M | $847K | $12.0M | $3K | — | View 990 |
| 2012 | $1.1M | $907K | $11.1M | $3K | — | View 990 |
| 2011 | $587K | $776K | $10.9M | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.8M, expenses of $1.3M, and assets of $23.6M (revenue +676.1% year-over-year).
- 2022: Revenue of $746K, expenses of $1.1M, and assets of $19.2M (revenue -61.1% year-over-year).
- 2021: Revenue of $1.9M, expenses of $1.1M, and assets of $19.6M (revenue -62.9% year-over-year).
- 2020: Revenue of $5.2M, expenses of $1.2M, and assets of $18.7M (revenue +47.8% year-over-year).
- 2019: Revenue of $3.5M, expenses of $1.0M, and assets of $14.8M (revenue +202.1% year-over-year).
- 2015: Revenue of $1.2M, expenses of $799K, and assets of $13.7M (revenue -61.0% year-over-year).
- 2014: Revenue of $3.0M, expenses of $1.1M, and assets of $13.3M (revenue +47.8% year-over-year).
- 2013: Revenue of $2.0M, expenses of $847K, and assets of $12.0M (revenue +81.3% year-over-year).
- 2012: Revenue of $1.1M, expenses of $907K, and assets of $11.1M (revenue +88.6% year-over-year).
- 2011: Revenue of $587K, expenses of $776K, and assets of $10.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Prentice Family Foundation:
Data Sources and Methodology
This transparency report for Prentice 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.