Russell Family Foundation
Russell Family Foundation consistently spends more than it earns, drawing down assets over the past decade.
EIN: 208838539 · Wichita, KS · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $162K |
| Total Expenses | $102K |
| Program Spending | 80% |
| Net Assets | $1.4M |
| Transparency Score | 70/100 |
Is Russell Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Russell Family Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Russell Family Foundation
Russell Family Foundation (EIN: 208838539) is a nonprofit organization based in Wichita, KS, classified under NTEE code B82. The organization reported total revenue of $162K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Russell Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Russell Family Foundation is a small 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 -5.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $53K |
| Total Expenses | $102K |
| Surplus / Deficit | $-49,581 |
| Total Assets | $1.4M |
| Total Liabilities | $1 |
| Net Assets | $1.4M |
| Operating Margin | -94.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 164.8 months |
Financial Health Grade: B
In 2023, Russell Family Foundation reported a deficit of $50K with expenses exceeding revenue, holds 164.8 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), Russell Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -5.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -50.7% | -23.6% | -3.4% |
| 2022 | -48.5% | +19.2% | -1.8% |
| 2021 | +476.5% | -6.2% | +6.9% |
| 2020 | -45.9% | +20.7% | -5.7% |
| 2019 | -10.0% | -12.3% | -4.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| 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 Russell Family 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, Russell Family 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 $50K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no executive salaries are paid, which is highly efficient for a foundation of this size.
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 Family Foundation's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) over multiple years, e.g., $102,255 expenses vs. $52,674 revenue in 2023.
- Declining asset base from $1,662,012 in 2011 to $1,404,497 in 2023, indicating reliance on principal for operations.
Strengths
The following positive indicators were identified for Russell Family Foundation:
- Zero officer compensation reported across all filings, indicating highly efficient leadership cost.
- Consistent filing history (10 filings) demonstrates strong transparency.
- Maintains a substantial asset base ($1,404,497 in 2023) relative to annual expenses, providing a buffer despite deficit spending.
Frequently Asked Questions about Russell Family Foundation
Is Russell Family Foundation a legitimate charity?
Russell Family Foundation (EIN: 208838539) is a registered tax-exempt nonprofit based in Kansas. Our AI analysis gives it a Mission Score of 70/100. It has 10 years of IRS 990 filings on record. Total revenue: $162K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Russell Family Foundation spend its money?
Russell Family Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Russell Family Foundation tax-deductible?
Russell Family Foundation is registered as a tax-exempt nonprofit (EIN: 208838539). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Russell Family Foundation's spending goes to programs?
Russell Family Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Russell Family Foundation compare to similar nonprofits?
With a transparency score of 70/100 (Good), Russell Family Foundation is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Russell Family Foundation located?
Russell Family Foundation is headquartered in Wichita, Kansas and files with the IRS under EIN 208838539. It is classified under NTEE code B82.
How many years of IRS 990 filings does Russell Family Foundation have?
Russell 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 $162K in total revenue.
Is the Russell Family Foundation financially sustainable given its consistent deficit spending?
The foundation has consistently spent more than its revenue for several years (e.g., $102,255 expenses vs. $52,674 revenue in 2023), leading to a gradual decrease in assets from $1,662,012 in 2011 to $1,404,497 in 2023. While its asset base is still substantial, this trend is not sustainable long-term without increased revenue or reduced expenses.
What is the primary purpose of the Russell Family Foundation?
Based on its NTEE code B82, the Russell Family Foundation is a private grantmaking foundation, meaning its primary purpose is to provide grants to other organizations or individuals to support charitable causes.
How does the lack of officer compensation impact the foundation?
The consistent reporting of 0% officer compensation indicates that the foundation's leadership is not drawing salaries, which significantly reduces administrative overhead and allows a greater proportion of funds to be directed towards its grantmaking activities.
Filing History
IRS 990 filing history for Russell Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Russell Family Foundation's revenue has declined by 48.2%, moving from $102K to $53K. Total assets decreased by 15.5% over the same period, from $1.7M to $1.4M. Total functional expenses fell by 16.1%, from $122K to $102K. In its most recent filing year (2023), Russell Family Foundation reported a deficit of $50K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $53K | $102K | $1.4M | $1 | — | — |
| 2022 | $107K | $134K | $1.5M | $1 | — | — |
| 2021 | $208K | $112K | $1.5M | $1 | — | View 990 |
| 2020 | $36K | $120K | $1.4M | $1 | — | — |
| 2019 | $67K | $99K | $1.5M | $1 | — | View 990 |
| 2015 | $74K | $113K | $1.5M | $0 | — | View 990 |
| 2014 | $154K | $118K | $1.6M | $0 | — | View 990 |
| 2013 | $106K | $135K | $1.5M | $1 | — | View 990 |
| 2012 | $48K | $133K | $1.6M | $1 | — | View 990 |
| 2011 | $102K | $122K | $1.7M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $53K, expenses of $102K, and assets of $1.4M (revenue -50.7% year-over-year).
- 2022: Revenue of $107K, expenses of $134K, and assets of $1.5M (revenue -48.5% year-over-year).
- 2021: Revenue of $208K, expenses of $112K, and assets of $1.5M (revenue +476.5% year-over-year).
- 2020: Revenue of $36K, expenses of $120K, and assets of $1.4M (revenue -45.9% year-over-year).
- 2019: Revenue of $67K, expenses of $99K, and assets of $1.5M (revenue -10.0% year-over-year).
- 2015: Revenue of $74K, expenses of $113K, and assets of $1.5M (revenue -51.9% year-over-year).
- 2014: Revenue of $154K, expenses of $118K, and assets of $1.6M (revenue +45.0% year-over-year).
- 2013: Revenue of $106K, expenses of $135K, and assets of $1.5M (revenue +120.5% year-over-year).
- 2012: Revenue of $48K, expenses of $133K, and assets of $1.6M (revenue -52.8% year-over-year).
- 2011: Revenue of $102K, expenses of $122K, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Russell Family Foundation:
Data Sources and Methodology
This transparency report for Russell 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.