Rowan Family Foundation Inc
Rowan Family Foundation consistently reports zero officer compensation while maintaining substantial assets and variable grant-making activity.
EIN: 202213142 · New York, NY · NTEE: T22 · Updated: 2026-03-28
Is Rowan Family Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rowan Family Foundation Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rowan Family Foundation Inc
Rowan Family Foundation Inc (EIN: 202213142) is a nonprofit organization based in New York, NY, classified under NTEE code T22. The organization reported total revenue of $2.0M and total assets of $23.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rowan 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 Rowan Family Foundation Inc with a Mission Score of 90 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Rowan Family Foundation Inc allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 favorable for a grant-making foundation and suggests all operational costs are minimal or covered by other means.
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.
Strengths
The following positive indicators were identified for Rowan Family Foundation Inc:
- Consistently reports zero officer compensation across all filings, indicating high efficiency and dedication of funds to mission.
- Maintains a substantial and growing asset base, reaching $29,982,479 in 2023, providing long-term financial stability.
- Minimal liabilities consistently reported, often $1, demonstrating strong financial health and low debt.
- Significant grant-making activity, with expenses often exceeding annual revenue, indicating active deployment of funds for programmatic purposes (e.g., $11,559,084 in expenses vs. $2,921,187 in revenue in 2023).
Frequently Asked Questions about Rowan Family Foundation Inc
Is Rowan Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Rowan Family Foundation Inc (EIN: 202213142) appears legitimate. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
How does Rowan Family Foundation Inc spend its money?
Rowan Family Foundation Inc directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Rowan Family Foundation Inc tax-deductible?
Rowan Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 202213142). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Rowan Family Foundation Inc. a good charity?
Based on the available data, the Rowan Family Foundation Inc. appears to be a well-managed private foundation. It consistently reports zero officer compensation, indicating that funds are not diverted to executive salaries. Its asset base is substantial, and its spending patterns reflect significant grant-making activity, particularly in 2023 where expenses ($11,559,084) far exceeded revenue ($2,921,187), suggesting a commitment to its mission.
How does the foundation manage its expenses given its fluctuating revenue?
The foundation's expenses, particularly in years like 2023 ($11,559,084) and 2013 ($8,765,276), often exceed its annual revenue. This is typical for private foundations that draw from their substantial asset base ($29,982,479 in 2023) to fulfill their grant-making obligations, rather than relying solely on annual income.
What is the trend in the foundation's assets?
The foundation's assets have shown significant growth and stability over the long term, increasing from $1,846,396 in 2011 to $29,982,479 in 2023, despite some year-to-year fluctuations (e.g., from $40,247,898 in 2022 to $29,982,479 in 2023). This indicates a healthy endowment and capacity for sustained operations.
Filing History
IRS 990 filing history for Rowan Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Rowan Family Foundation Inc's revenue has grown by 16.7%, moving from $2.5M to $2.9M. Total assets increased by 1523.8% over the same period, from $1.8M to $30.0M. Total functional expenses rose by 544.1%, from $1.8M to $11.6M. In its most recent filing year (2023), Rowan Family Foundation Inc reported a deficit of $8.6M, with expenses exceeding revenue. The organization holds $1 in liabilities against $30.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $30.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $2.9M | $11.6M | $30.0M | $1 | — | View 990 |
| 2022 | $1.3M | $211K | $40.2M | $1 | — | View 990 |
| 2021 | $1.5M | $1.3M | $40.4M | $1 | — | View 990 |
| 2020 | $496K | $1.3M | $37.4M | $798 | — | View 990 |
| 2019 | $1.2M | $1.4M | $40.0M | $1 | — | — |
| 2015 | $521K | $3.6M | $19.0M | $1 | — | View 990 |
| 2014 | $174K | $4.7M | $22.3M | $1 | — | View 990 |
| 2013 | $20.0M | $8.8M | $26.9M | $1 | — | View 990 |
| 2012 | $20.5M | $6.7M | $15.7M | $0 | — | View 990 |
| 2011 | $2.5M | $1.8M | $1.8M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.9M, expenses of $11.6M, and assets of $30.0M (revenue +118.8% year-over-year).
- 2022: Revenue of $1.3M, expenses of $211K, and assets of $40.2M (revenue -11.8% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.3M, and assets of $40.4M (revenue +205.5% year-over-year).
- 2020: Revenue of $496K, expenses of $1.3M, and assets of $37.4M (revenue -59.2% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.4M, and assets of $40.0M (revenue +133.2% year-over-year).
- 2015: Revenue of $521K, expenses of $3.6M, and assets of $19.0M (revenue +200.1% year-over-year).
- 2014: Revenue of $174K, expenses of $4.7M, and assets of $22.3M (revenue -99.1% year-over-year).
- 2013: Revenue of $20.0M, expenses of $8.8M, and assets of $26.9M (revenue -2.4% year-over-year).
- 2012: Revenue of $20.5M, expenses of $6.7M, and assets of $15.7M (revenue +719.4% year-over-year).
- 2011: Revenue of $2.5M, expenses of $1.8M, and assets of $1.8M.
Data Sources and Methodology
This transparency report for Rowan 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.