Russell Colgate Fund Inc
Russell Colgate Fund: Declining Revenue, Stable Assets, and Minimal Transparency
EIN: 221713065 · Wilmington, DE · Updated: 2026-04-04
Is Russell Colgate Fund Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Russell Colgate Fund Inc
Russell Colgate Fund Inc (EIN: 221713065) is a nonprofit organization based in Wilmington, DE. The organization reported total revenue of $8.3M and total assets of $12.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Russell Colgate Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Russell Colgate Fund Inc is a mid-size nonprofit that has been operating for 82 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.0M |
| Total Expenses | $1.0M |
| Surplus / Deficit | +$2K |
| Total Assets | $10.4M |
| Total Liabilities | $1 |
| Net Assets | $10.4M |
| Operating Margin | 0.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 124.2 months |
Financial Health Grade: A
In 2023, Russell Colgate Fund Inc reported a surplus of $2K with revenue exceeding expenses, holds 124.2 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), Russell Colgate Fund Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +59.3% | -8.0% | +0.0% |
| 2022 | -82.3% | -28.3% | -4.2% |
| 2021 | +33.9% | +46.1% | +23.3% |
| 2020 | +166.0% | +15.9% | +22.7% |
| 2019 | +3.9% | +45.8% | +13.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1944 |
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 Colgate Fund 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: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Russell Colgate Fund Inc allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, but given 100% administrative spending and no program expenses, further investigation into how the $1,007,057 in expenses for 2023 is allocated is warranted.
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 Russell Colgate Fund Inc's IRS 990 filings:
- Zero reported program service expenses across all years, raising questions about the organization's charitable purpose.
- Significant decline in revenue from $3,586,064 in 2021 to $1,009,554 in 2023.
- Lack of detailed information regarding the nature of administrative expenses, which constitute 100% of reported expenditures.
- The organization's 'nt' (nonprofit type) is unknown, which hinders understanding its mission and operational context.
Strengths
The following positive indicators were identified for Russell Colgate Fund Inc:
- Consistent asset growth from $4,811,046 in 2013 to $10,422,197 in 2023, suggesting sound financial management of its endowment or investments.
- Financial statements are consistently audited ('l1'), indicating a level of external oversight.
Frequently Asked Questions about Russell Colgate Fund Inc
Is Russell Colgate Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Russell Colgate Fund Inc (EIN: 221713065) significant concerns. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
How does Russell Colgate Fund Inc spend its money?
Detailed spending breakdown data is not yet available for Russell Colgate Fund Inc. Check back for updated IRS 990 analysis.
Are donations to Russell Colgate Fund Inc tax-deductible?
Russell Colgate Fund Inc is registered as a tax-exempt nonprofit (EIN: 221713065). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Russell Colgate Fund Inc do?
Russell Colgate Fund Inc is a nonprofit organization in the Unknown sector, located in Wilmington, Delaware. It is classified under NTEE code Unknown.
How much revenue does Russell Colgate Fund Inc have?
Russell Colgate Fund Inc reported total revenue of $8,331,483. Based on 10 IRS 990 filings on record.
What are Russell Colgate Fund Inc's total assets?
Russell Colgate Fund Inc holds total assets of $12,553,821 as reported in IRS 990 filings.
Where is Russell Colgate Fund Inc located?
Russell Colgate Fund Inc is based in Wilmington, Delaware.
What is Russell Colgate Fund Inc's EIN?
Russell Colgate Fund Inc's Employer Identification Number (EIN) is 221713065. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Russell Colgate Fund Inc?
Russell Colgate Fund Inc is classified under NTEE code Unknown (Unknown).
Is Russell Colgate Fund Inc a registered 501(c)(3)?
Russell Colgate Fund Inc appears in IRS records (EIN: 221713065). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Russell Colgate Fund Inc file IRS Form 990?
Yes, Russell Colgate Fund Inc has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Russell Colgate Fund Inc's revenue in 2023?
In the 202312 filing period, Russell Colgate Fund Inc reported total revenue of $1,009,554, total expenses of $1,007,057, and net assets of $10,422,197.
Is Russell Colgate Fund Inc's revenue growing or declining?
Russell Colgate Fund Inc's revenue is growing. Revenue went from $633,616 (202212) to $1,009,554 (202312), a +59.3% change. Based on 10 filings on record.
What is Russell Colgate Fund Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Russell Colgate Fund Inc covers tax period 202312. It shows revenue of $1,009,554, expenses of $1,007,057, total assets of $10,422,197, and liabilities of $1.
Is Russell Colgate Fund Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Russell Colgate Fund Inc shows mixed signals. Mission Score: 45/100 (Fair). 4 red flags identified. 2 strengths noted.
What are the red flags for Russell Colgate Fund Inc?
The following concerns were identified: Zero reported program service expenses across all years, raising questions about the organization's charitable purpose.. Significant decline in revenue from $3,586,064 in 2021 to $1,009,554 in 2023.. Lack of detailed information regarding the nature of administrative expenses, which constitute 100% of reported expenditures.. The organization's 'nt' (nonprofit type) is unknown, which hinders understanding its mission and operational context.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Russell Colgate Fund Inc's strengths?
Positive indicators for Russell Colgate Fund Inc include: Consistent asset growth from $4,811,046 in 2013 to $10,422,197 in 2023, suggesting sound financial management of its endowment or investments.. Financial statements are consistently audited ('l1'), indicating a level of external oversight.. These findings are derived from AI analysis of the organization's financial filings.
How does Russell Colgate Fund Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, but given 100% administrative spending and no program expenses, further investigation into how the $1,007,057 in expenses for 2023 is allocated is warranted. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given 0% program spending, what is the actual charitable activity or purpose of the Russell Colgate Fund, and how does it fulfill its mission?
The provided data indicates that the Russell Colgate Fund Inc. consistently reports 0% of its expenses allocated to programs. This suggests that the organization may function primarily as a grant-making entity or a holding fund, with its 'administrative' expenses potentially covering investment management, overhead, or grants that are not categorized as direct program services in the provided filings. Without further detail on its 'nt' (nonprofit type) or specific program descriptions, its direct charitable impact remains unclear.
Filing History
IRS 990 filing history for Russell Colgate Fund Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Russell Colgate Fund Inc's revenue has grown by 75.6%, moving from $575K to $1.0M. Total assets increased by 123.3% over the same period, from $4.7M to $10.4M. Total functional expenses rose by 191.5%, from $346K to $1.0M. In its most recent filing year (2023), Russell Colgate Fund Inc reported a surplus of $2K, with revenue exceeding expenses. The organization holds $1 in liabilities against $10.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $10.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.0M | $1.0M | $10.4M | $1 | — | View 990 |
| 2022 | $634K | $1.1M | $10.4M | $1 | — | View 990 |
| 2021 | $3.6M | $1.5M | $10.9M | $1 | — | — |
| 2020 | $2.7M | $1.0M | $8.8M | $1 | — | View 990 |
| 2019 | $1.0M | $901K | $7.2M | $1 | — | View 990 |
| 2015 | $969K | $618K | $6.3M | $0 | — | View 990 |
| 2014 | $1.7M | $509K | $6.0M | $0 | — | View 990 |
| 2013 | $631K | $441K | $4.8M | $0 | — | View 990 |
| 2012 | $324K | $371K | $4.6M | $0 | — | View 990 |
| 2011 | $575K | $346K | $4.7M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.0M, expenses of $1.0M, and assets of $10.4M (revenue +59.3% year-over-year).
- 2022: Revenue of $634K, expenses of $1.1M, and assets of $10.4M (revenue -82.3% year-over-year).
- 2021: Revenue of $3.6M, expenses of $1.5M, and assets of $10.9M (revenue +33.9% year-over-year).
- 2020: Revenue of $2.7M, expenses of $1.0M, and assets of $8.8M (revenue +166.0% year-over-year).
- 2019: Revenue of $1.0M, expenses of $901K, and assets of $7.2M (revenue +3.9% year-over-year).
- 2015: Revenue of $969K, expenses of $618K, and assets of $6.3M (revenue -42.8% year-over-year).
- 2014: Revenue of $1.7M, expenses of $509K, and assets of $6.0M (revenue +168.3% year-over-year).
- 2013: Revenue of $631K, expenses of $441K, and assets of $4.8M (revenue +94.6% year-over-year).
- 2012: Revenue of $324K, expenses of $371K, and assets of $4.6M (revenue -43.6% year-over-year).
- 2011: Revenue of $575K, expenses of $346K, and assets of $4.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Russell Colgate Fund Inc:
Data Sources and Methodology
This transparency report for Russell Colgate Fund 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.