Ream Foundation
Ream Foundation experiences significant financial volatility, with 2023 expenses far exceeding revenue.
EIN: 205905128 · Buffalo Grove, IL · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.3M |
| Total Expenses | $3.5M |
| Program Spending | 80% |
| Net Assets | $9.3M |
| Transparency Score | 70/100 |
Search Intent Cockpit
Ream Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Ream Foundation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Ream Foundation in one place.
Form 990 Filing Summary
10 filing years are available, with latest revenue of $88K and expenses of $3.5M.
Revenue and Expenses
Ream Foundation reported $88K in revenue and $3.5M in expenses, a deficit of $3.4M.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
70/100 mission score, 3 red flags, and 3 strengths are shown from structured and AI review.
Is Ream Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $2.8M (80%) |
Across stored filings, Ream Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 3 red flags identified |
| Mission spend | 80% to programs | Excellent |
| Financial durability | Grade B | 10 stored filing years |
| Peer context | Compare with Shorefront | Illinois and Philanthropy context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
Compare against real state and category peers.
Compare with Shorefront →All Illinois nonprofits
All Philanthropy
Local and Sector Spokes
Move into this nonprofit's local market, category, and sector maps.
Buffalo Grove, IL nonprofitsPhilanthropy in Illinois
Public Benefit in Illinois
Follow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
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Philanthropy spending
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Keep the Investigation Moving
Ream Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ream Foundation
Ream Foundation (EIN: 205905128) is a nonprofit organization based in Buffalo Grove, IL, classified under NTEE code T22. The organization reported total revenue of $3.3M and total assets of $6.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ream Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ream Foundation is a mid-size nonprofit that has been operating for 17 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -15.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $88K |
| Total Expenses | $3.5M |
| Surplus / Deficit | $-3,375,090 |
| Total Assets | $9.3M |
| Total Liabilities | $1 |
| Net Assets | $9.3M |
| Operating Margin | -3839.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 32.3 months |
Financial Health Grade: B
In 2023, Ream Foundation reported a deficit of $3.4M with expenses exceeding revenue, holds 32.3 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), Ream Foundation's revenue has declined at a compound annual growth rate (CAGR) of -15.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -96.3% | +47.3% | -26.1% |
| 2022 | -89.7% | -43.8% | -6.2% |
| 2021 | +1195.3% | +56.6% | +134.4% |
| 2020 | +80.5% | +51.8% | -13.2% |
| 2019 | -81.3% | +132.2% | -16.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
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 Ream Foundation with a Mission Score of 70 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, Ream Foundation 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 $3.4M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Ream Foundation consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is a strong positive for resource allocation.
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 Ream Foundation's IRS 990 filings:
- Significant revenue volatility, with a sharp decline from $23,397,789 in 2021 to $87,900 in 2023.
- Substantial operational deficit in 2023, where expenses ($3,462,990) were nearly 40 times revenue ($87,900).
- Decreasing assets from $13,432,709 in 2021 to $9,312,504 in 2023, potentially due to covering operational deficits.
Strengths
The following positive indicators were identified for Ream Foundation:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds for mission-related activities rather than executive salaries.
- Historically maintained significant asset levels, providing a buffer for periods of low revenue.
- Demonstrated capacity for large-scale fundraising or endowment growth, as evidenced by the $23,397,789 revenue in 2021.
Frequently Asked Questions about Ream Foundation
Is Ream Foundation a legitimate charity?
Ream Foundation (EIN: 205905128) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 70/100. It has 10 years of IRS 990 filings on record. Total revenue: $3.3M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Ream Foundation spend its money?
Ream Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Ream Foundation tax-deductible?
Ream Foundation is registered as a tax-exempt nonprofit (EIN: 205905128). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Ream Foundation's spending goes to programs?
Ream Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Ream Foundation compare to similar nonprofits?
With a transparency score of 70/100 (Good), Ream Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ream Foundation located?
Ream Foundation is headquartered in Buffalo Grove, Illinois and files with the IRS under EIN 205905128. It is classified under NTEE code T22.
How many years of IRS 990 filings does Ream Foundation have?
Ream 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 $3.3M in total revenue.
Why did the Ream Foundation's revenue drop from $23,397,789 in 2021 to $87,900 in 2023?
The provided data does not specify the reasons for this drastic revenue decline, but it is a significant financial event that would typically warrant further investigation into funding sources and operational changes.
How did the Ream Foundation cover expenses of $3,462,990 in 2023 with only $87,900 in revenue?
The organization likely utilized its accumulated assets, which were $12,604,898 in 2022 and $9,312,504 in 2023, to cover the significant deficit in the 2023 fiscal year.
What are the specific program activities funded by the Ream Foundation?
The NTEE code T22 indicates the organization is a Philanthropy, Voluntarism, and Grantmaking Foundation. Without more detailed filings, specific program activities or grant recipients are not discernible from the provided summary data.
Filing History
IRS 990 filing history for Ream Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Ream Foundation's revenue has declined by 87%, moving from $675K to $88K. Total assets increased by 226.6% over the same period, from $2.9M to $9.3M. Total functional expenses rose by 642.8%, from $466K to $3.5M. In its most recent filing year (2023), Ream Foundation reported a deficit of $3.4M, with expenses exceeding revenue. The organization holds $1 in liabilities against $9.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $9.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $88K | $3.5M | $9.3M | $1 | — | — |
| 2022 | $2.4M | $2.4M | $12.6M | $203 | — | View 990 |
| 2021 | $23.4M | $4.2M | $13.4M | $1 | — | View 990 |
| 2020 | $1.8M | $2.7M | $5.7M | $1 | — | View 990 |
| 2019 | $1.0M | $1.8M | $6.6M | $0 | — | View 990 |
| 2015 | $5.3M | $758K | $7.9M | $0 | — | View 990 |
| 2014 | $581K | $664K | $3.3M | $582 | — | View 990 |
| 2013 | $817K | $541K | $3.9M | $516K | — | View 990 |
| 2012 | $656K | $436K | $3.1M | $0 | — | View 990 |
| 2011 | $675K | $466K | $2.9M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $88K, expenses of $3.5M, and assets of $9.3M (revenue -96.3% year-over-year).
- 2022: Revenue of $2.4M, expenses of $2.4M, and assets of $12.6M (revenue -89.7% year-over-year).
- 2021: Revenue of $23.4M, expenses of $4.2M, and assets of $13.4M (revenue +1195.3% year-over-year).
- 2020: Revenue of $1.8M, expenses of $2.7M, and assets of $5.7M (revenue +80.5% year-over-year).
- 2019: Revenue of $1.0M, expenses of $1.8M, and assets of $6.6M (revenue -81.3% year-over-year).
- 2015: Revenue of $5.3M, expenses of $758K, and assets of $7.9M (revenue +821.0% year-over-year).
- 2014: Revenue of $581K, expenses of $664K, and assets of $3.3M (revenue -28.9% year-over-year).
- 2013: Revenue of $817K, expenses of $541K, and assets of $3.9M (revenue +24.7% year-over-year).
- 2012: Revenue of $656K, expenses of $436K, and assets of $3.1M (revenue -2.8% year-over-year).
- 2011: Revenue of $675K, expenses of $466K, and assets of $2.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ream Foundation:
Data Sources and Methodology
This transparency report for Ream 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.