Salmon Foundation Inc
Salmon Foundation Inc maintains substantial assets and zero officer compensation despite fluctuating annual revenues.
EIN: 133637630 · Montclair, NJ · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $10.8M |
| Total Expenses | $1.3M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $22 |
| Net Assets | $21.3M |
| Transparency Score | 85/100 |
Is Salmon Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Salmon Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Salmon Foundation Inc
Salmon Foundation Inc (EIN: 133637630) is a nonprofit organization based in Montclair, NJ. The organization reported total revenue of $10.8M and total assets of $22.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Salmon Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Salmon Foundation Inc is a large nonprofit that has been operating for 34 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.3M |
| Surplus / Deficit | $-49,377 |
| Total Assets | $21.3M |
| Total Liabilities | $1 |
| Net Assets | $21.3M |
| Operating Margin | -4.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 198.6 months |
Financial Health Grade: B
In 2023, Salmon Foundation Inc reported a deficit of $49K with expenses exceeding revenue, holds 198.6 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), Salmon Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +30.7% | -12.9% | -0.2% |
| 2022 | -66.5% | +24.9% | -2.4% |
| 2021 | -15.1% | +11.2% | +8.1% |
| 2020 | +113.5% | +3.0% | +15.8% |
| 2019 | -13.3% | +2.4% | +6.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
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 Salmon Foundation Inc 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: 90%
- fundraising: 5%
According to IRS 990 filings, Salmon Foundation Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 $49K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating a volunteer-led executive team or a structure where top leadership is not compensated, which is highly efficient for an organization with assets exceeding $22 million.
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 Salmon Foundation Inc's IRS 990 filings:
- NTEE Code is unknown, making peer comparison difficult
- Operating deficit in the most recent fiscal year (2023), with expenses exceeding revenue by $49,377
Strengths
The following positive indicators were identified for Salmon Foundation Inc:
- Consistent reporting of 0% officer compensation, indicating high efficiency
- Strong and growing asset base, from $14.5M in 2011 to $22.4M currently
- Very low liabilities across all reporting periods
- Consistent IRS 990 filing history over a decade
- Significant revenue surpluses in multiple years (e.g., 2021 revenue $2.8M vs expenses $1.1M)
Frequently Asked Questions about Salmon Foundation Inc
Is Salmon Foundation Inc a legitimate charity?
Salmon Foundation Inc (EIN: 133637630) 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: $10.8M. 2 red flags identified. 5 strengths noted. Financial health grade: B.
How does Salmon Foundation Inc spend its money?
Salmon Foundation Inc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Salmon Foundation Inc tax-deductible?
Salmon Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133637630). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Salmon Foundation Inc CEO make?
Salmon Foundation Inc's highest-compensated officer earns $22 annually. The organization reported $10.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Salmon Foundation Inc's spending goes to programs?
Salmon Foundation Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Salmon Foundation Inc located?
Salmon Foundation Inc is headquartered in Montclair, New Jersey and files with the IRS under EIN 133637630.
How many years of IRS 990 filings does Salmon Foundation Inc have?
Salmon Foundation Inc 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 $10.8M in total revenue.
Is Salmon Foundation Inc financially stable?
Yes, Salmon Foundation Inc appears financially stable, with assets growing from $14,542,432 in 2011 to $22,482,495 currently, and consistently low liabilities. While some years show operating deficits (e.g., 2023 with expenses of $1,285,590 exceeding revenue of $1,236,213), these are offset by surpluses in other years and a strong asset base.
How does Salmon Foundation Inc manage executive compensation?
The organization reports 0% officer compensation in all available IRS 990 filings, indicating that its executive leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is a highly efficient practice.
What is the trend in Salmon Foundation Inc's revenue?
Salmon Foundation Inc's revenue has fluctuated over the years, ranging from a low of $920,019 in 2012 to a high of $3,327,188 in 2020. The latest reported revenue for 2023 was $1,236,213, showing variability rather than a consistent upward or downward trend.
Are there any concerns about the organization's liabilities?
No, the organization consistently reports extremely low liabilities, often $0 or $1, with the highest reported being $1,077 in 2022. This indicates very sound financial management and minimal debt.
Filing History
IRS 990 filing history for Salmon Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Salmon Foundation Inc's revenue has grown by 2.3%, moving from $1.2M to $1.2M. Total assets increased by 46.3% over the same period, from $14.5M to $21.3M. Total functional expenses rose by 41.1%, from $911K to $1.3M. In its most recent filing year (2023), Salmon Foundation Inc reported a deficit of $49K, with expenses exceeding revenue. The organization holds $1 in liabilities against $21.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $21.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.3M | $21.3M | $1 | — | — |
| 2022 | $946K | $1.5M | $21.3M | $1K | — | View 990 |
| 2021 | $2.8M | $1.2M | $21.9M | $206 | — | View 990 |
| 2020 | $3.3M | $1.1M | $20.2M | $1 | — | View 990 |
| 2019 | $1.6M | $1.0M | $17.4M | $0 | — | View 990 |
| 2015 | $1.8M | $1.0M | $16.4M | $0 | — | View 990 |
| 2014 | $1.3M | $919K | $15.6M | $0 | — | View 990 |
| 2013 | $1.5M | $845K | $15.2M | $0 | — | View 990 |
| 2012 | $920K | $923K | $14.5M | $0 | — | View 990 |
| 2011 | $1.2M | $911K | $14.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.3M, and assets of $21.3M (revenue +30.7% year-over-year).
- 2022: Revenue of $946K, expenses of $1.5M, and assets of $21.3M (revenue -66.5% year-over-year).
- 2021: Revenue of $2.8M, expenses of $1.2M, and assets of $21.9M (revenue -15.1% year-over-year).
- 2020: Revenue of $3.3M, expenses of $1.1M, and assets of $20.2M (revenue +113.5% year-over-year).
- 2019: Revenue of $1.6M, expenses of $1.0M, and assets of $17.4M (revenue -13.3% year-over-year).
- 2015: Revenue of $1.8M, expenses of $1.0M, and assets of $16.4M (revenue +35.4% year-over-year).
- 2014: Revenue of $1.3M, expenses of $919K, and assets of $15.6M (revenue -13.1% year-over-year).
- 2013: Revenue of $1.5M, expenses of $845K, and assets of $15.2M (revenue +66.0% year-over-year).
- 2012: Revenue of $920K, expenses of $923K, and assets of $14.5M (revenue -23.9% year-over-year).
- 2011: Revenue of $1.2M, expenses of $911K, and assets of $14.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Salmon Foundation Inc:
Data Sources and Methodology
This transparency report for Salmon 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.