Russell Berrie Foundation
Russell Berrie Foundation: Strong Assets, Fluctuating Revenue, and Consistent Program Focus
EIN: 222620908 · Teaneck, NJ · NTEE: T20Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $26.4M |
| Total Expenses | $24.9M |
| Program Spending | 85% |
| Net Assets | $130.7M |
| Transparency Score | 85/100 |
Is Russell Berrie Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Russell Berrie Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Russell Berrie Foundation
Russell Berrie Foundation (EIN: 222620908) is a nonprofit organization based in Teaneck, NJ, classified under NTEE code T20Z. The organization reported total revenue of $26.4M and total assets of $157.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Russell Berrie Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Russell Berrie Foundation is a large nonprofit that has been operating for 40 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.1M |
| Total Expenses | $24.9M |
| Surplus / Deficit | $-20,732,512 |
| Total Assets | $165.0M |
| Total Liabilities | $34.4M |
| Net Assets | $130.7M |
| Operating Margin | -502.4% |
| Debt-to-Asset Ratio | 20.8% |
| Months of Reserves | 79.7 months |
Financial Health Grade: B
In 2023, Russell Berrie Foundation reported a deficit of $20.7M with expenses exceeding revenue, holds 79.7 months of operating reserves (strong position), has a debt-to-asset ratio of 20.8% (moderate leverage).
Financial Trends
Over 10 years of filings (2011–2023), Russell Berrie Foundation's revenue has declined at a compound annual growth rate (CAGR) of -2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -76.4% | +83.9% | -3.7% |
| 2022 | -31.3% | -65.3% | -21.4% |
| 2021 | +190.7% | +54.2% | +11.5% |
| 2020 | +71.4% | +35.1% | -1.0% |
| 2019 | -41.0% | +31.6% | -6.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
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 Russell Berrie 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: 5%
- programs: 85%
- fundraising: 10%
According to IRS 990 filings, Russell Berrie Foundation allocates its expenses as follows: admin: 5%, programs: 85%, fundraising: 10%. With 85% 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 $20.7M, with expenses exceeding revenue.
- Debt-to-asset ratio: 20.8%.
Executive Compensation Analysis
Executive compensation information is not explicitly detailed in the provided data, as 'c0%' likely refers to fundraising compensation rather than executive salaries.
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 Russell Berrie Foundation:
- Maintains substantial assets, with over $157 million in 2023, providing a strong financial base for its mission.
- Demonstrates consistent program expenditures relative to total expenses, indicating a focus on mission-related activities.
- Low administrative and fundraising costs suggest efficient operations.
Frequently Asked Questions about Russell Berrie Foundation
Is Russell Berrie Foundation a legitimate charity?
Russell Berrie Foundation (EIN: 222620908) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $26.4M. No red flags identified. 3 strengths noted. Financial health grade: B.
How does Russell Berrie Foundation spend its money?
Russell Berrie Foundation directs 85% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Russell Berrie Foundation tax-deductible?
Russell Berrie Foundation is registered as a tax-exempt nonprofit (EIN: 222620908). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Russell Berrie Foundation's spending goes to programs?
Russell Berrie Foundation directs 85% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Russell Berrie Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Russell Berrie Foundation is above average for NTEE category T20Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Russell Berrie Foundation located?
Russell Berrie Foundation is headquartered in Teaneck, New Jersey and files with the IRS under EIN 222620908. It is classified under NTEE code T20Z.
How many years of IRS 990 filings does Russell Berrie Foundation have?
Russell Berrie 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 $26.4M in total revenue.
What does Russell Berrie Foundation do?
Russell Berrie Foundation is a nonprofit organization in the Philanthropy, Voluntarism & Grantmaking sector, located in Teaneck, New Jersey. It is classified under NTEE code T20Z.
How much revenue does Russell Berrie Foundation have?
Russell Berrie Foundation reported total revenue of $26,386,797. Based on 10 IRS 990 filings on record.
What are Russell Berrie Foundation's total assets?
Russell Berrie Foundation holds total assets of $157,539,333 as reported in IRS 990 filings.
Where is Russell Berrie Foundation located?
Russell Berrie Foundation is based in Teaneck, New Jersey.
What is Russell Berrie Foundation's EIN?
Russell Berrie Foundation's Employer Identification Number (EIN) is 222620908. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Russell Berrie Foundation?
Russell Berrie Foundation is classified under NTEE code T20Z (Philanthropy, Voluntarism & Grantmaking).
Is Russell Berrie Foundation a registered 501(c)(3)?
Yes, Russell Berrie Foundation is recognized as a tax-exempt organization by the IRS. EIN: 222620908.
Does Russell Berrie Foundation file IRS Form 990?
Yes, Russell Berrie Foundation has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Russell Berrie Foundation's revenue in 2023?
In the 202312 filing period, Russell Berrie Foundation reported total revenue of $4,126,324, total expenses of $24,858,836, and net assets of $165,031,078.
Is Russell Berrie Foundation's revenue growing or declining?
Russell Berrie Foundation's revenue is declining. Revenue went from $17,470,740 (202212) to $4,126,324 (202312), a -76.4% change. Based on 10 filings on record.
What is Russell Berrie Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for Russell Berrie Foundation covers tax period 202312. It shows revenue of $4,126,324, expenses of $24,858,836, total assets of $165,031,078, and liabilities of $34,351,143.
How much does Russell Berrie Foundation spend on programs vs administration?
Based on IRS 990 analysis, Russell Berrie Foundation allocates approximately 85% of expenses to program services, 5% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Russell Berrie Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, Russell Berrie Foundation appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 3 strengths noted.
What are Russell Berrie Foundation's strengths?
Positive indicators for Russell Berrie Foundation include: Maintains substantial assets, with over $157 million in 2023, providing a strong financial base for its mission.. Demonstrates consistent program expenditures relative to total expenses, indicating a focus on mission-related activities.. Low administrative and fundraising costs suggest efficient operations.. These findings are derived from AI analysis of the organization's financial filings.
How does Russell Berrie Foundation compensate executives?
Executive compensation information is not explicitly detailed in the provided data, as 'c0%' likely refers to fundraising compensation rather than executive salaries. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the 'c0%' for fundraising compensation, how does the Russell Berrie Foundation primarily generate its revenue and support its operations?
The foundation likely relies heavily on investment income from its substantial asset base, as indicated by the 'r' (revenue) figures which fluctuate significantly but are consistently present, alongside the absence of paid fundraising compensation.
What is the trend in the foundation's total assets over the past five years, and what might explain any significant changes?
The foundation's assets have fluctuated, decreasing from $217,934,322 in 2021 to $157,539,333 in 2023. This could be due to market performance impacting investments, significant grant disbursements, or a combination of both.
Filing History
IRS 990 filing history for Russell Berrie Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Russell Berrie Foundation's revenue has declined by 22.5%, moving from $5.3M to $4.1M. Total assets decreased by 22.9% over the same period, from $214.0M to $165.0M. Total functional expenses rose by 60.3%, from $15.5M to $24.9M. In its most recent filing year (2023), Russell Berrie Foundation reported a deficit of $20.7M, with expenses exceeding revenue. The organization holds $34.4M in liabilities against $165.0M in assets (debt-to-asset ratio: 20.8%), resulting in net assets of $130.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.1M | $24.9M | $165.0M | $34.4M | — | View 990 |
| 2022 | $17.5M | $13.5M | $171.3M | $33.3M | — | View 990 |
| 2021 | $25.4M | $39.0M | $217.9M | $39.8M | — | View 990 |
| 2020 | $8.8M | $25.3M | $195.5M | $29.4M | — | View 990 |
| 2019 | $5.1M | $18.7M | $197.4M | $31.4M | — | — |
| 2015 | $8.6M | $14.2M | $211.6M | $26.5M | — | View 990 |
| 2014 | $8.6M | $21.5M | $232.7M | $26.4M | — | View 990 |
| 2013 | $7.9M | $13.1M | $237.1M | $17.8M | — | View 990 |
| 2012 | $15.0M | $13.7M | $215.0M | $17.1M | — | View 990 |
| 2011 | $5.3M | $15.5M | $214.0M | $24.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.1M, expenses of $24.9M, and assets of $165.0M (revenue -76.4% year-over-year).
- 2022: Revenue of $17.5M, expenses of $13.5M, and assets of $171.3M (revenue -31.3% year-over-year).
- 2021: Revenue of $25.4M, expenses of $39.0M, and assets of $217.9M (revenue +190.7% year-over-year).
- 2020: Revenue of $8.8M, expenses of $25.3M, and assets of $195.5M (revenue +71.4% year-over-year).
- 2019: Revenue of $5.1M, expenses of $18.7M, and assets of $197.4M (revenue -41.0% year-over-year).
- 2015: Revenue of $8.6M, expenses of $14.2M, and assets of $211.6M (revenue +0.1% year-over-year).
- 2014: Revenue of $8.6M, expenses of $21.5M, and assets of $232.7M (revenue +9.8% year-over-year).
- 2013: Revenue of $7.9M, expenses of $13.1M, and assets of $237.1M (revenue -47.5% year-over-year).
- 2012: Revenue of $15.0M, expenses of $13.7M, and assets of $215.0M (revenue +181.5% year-over-year).
- 2011: Revenue of $5.3M, expenses of $15.5M, and assets of $214.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Russell Berrie Foundation:
Data Sources and Methodology
This transparency report for Russell Berrie 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.