Speckman Family Foundation
Speckman Family Foundation consistently reports no officer compensation while growing assets to over $5 million.
EIN: 205591972 · Springfield, OR · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $266K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $5.0M |
| Transparency Score | 92/100 |
Is Speckman Family Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Speckman Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Speckman Family Foundation
Speckman Family Foundation (EIN: 205591972) is a nonprofit organization based in Springfield, OR, classified under NTEE code B82. The organization reported total revenue of $1.2M and total assets of $5.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Speckman Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Speckman Family Foundation is a mid-size nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $503K |
| Total Expenses | $266K |
| Surplus / Deficit | +$238K |
| Total Assets | $5.0M |
| Total Liabilities | $10K |
| Net Assets | $5.0M |
| Operating Margin | 47.2% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 226.9 months |
Financial Health Grade: A
In 2023, Speckman Family Foundation reported a surplus of $238K with revenue exceeding expenses, holds 226.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Speckman Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 7.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.5% | -13.7% | +5.0% |
| 2022 | -48.7% | +0.1% | +2.9% |
| 2021 | +149.9% | +19.1% | +13.6% |
| 2020 | +7.7% | +26.4% | +2.2% |
| 2019 | -54.0% | +25.8% | +30.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Speckman Family Foundation with a Mission Score of 92 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Speckman Family Foundation allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. 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 surplus of $238K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
The Speckman Family Foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This is highly commendable for an organization with over $5 million in assets and annual revenues exceeding $500,000, demonstrating a strong commitment to directing all resources to its charitable purpose.
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 Speckman Family Foundation:
- Consistent 0% officer compensation across all filings, indicating strong financial stewardship.
- Significant and consistent growth in assets, from under $1 million to over $5 million in 12 years.
- Very low liabilities relative to assets, demonstrating strong financial stability.
- Expenses consistently low relative to revenue, suggesting efficient operations.
- Strong program focus inherent in a private foundation model with minimal overhead.
Frequently Asked Questions about Speckman Family Foundation
Is Speckman Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Speckman Family Foundation (EIN: 205591972) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Speckman Family Foundation spend its money?
Speckman Family Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Speckman Family Foundation tax-deductible?
Speckman Family Foundation is registered as a tax-exempt nonprofit (EIN: 205591972). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Speckman Family Foundation CEO make?
Speckman Family Foundation's highest-compensated officer earns $5 annually. The organization reported $1.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Speckman Family Foundation's spending goes to programs?
Speckman Family Foundation directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Speckman Family Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Speckman 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 Speckman Family Foundation located?
Speckman Family Foundation is headquartered in Springfield, Oregon and files with the IRS under EIN 205591972. It is classified under NTEE code B82.
How many years of IRS 990 filings does Speckman Family Foundation have?
Speckman 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 $1.2M in total revenue.
Is Speckman Family Foundation a good charity?
Based on the available IRS 990 data, the Speckman Family Foundation appears to be a very good charity, particularly for a private foundation. It demonstrates strong financial health with growing assets, very low expenses relative to revenue, and a consistent record of 0% officer compensation, indicating efficient use of funds for its mission.
How has the foundation's asset base grown over time?
The foundation's assets have shown significant and consistent growth, increasing from $999,490 in 2011 to $5,062,932 in the latest period, representing over a 400% increase. This indicates effective financial management and investment strategies.
What is the trend in the foundation's revenue?
The foundation's revenue has been highly variable, ranging from a low of $90,052 in 2013 to a high of $1,404,407 in 2014. More recently, it was $503,273 in 2023, showing no clear upward or downward trend but rather significant annual fluctuations.
How does the foundation manage its liabilities?
The foundation maintains very low liabilities relative to its assets. For example, in 2023, liabilities were only $9,652 against over $5 million in assets, indicating a very strong financial position with minimal debt.
Filing History
IRS 990 filing history for Speckman Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Speckman Family Foundation's revenue has grown by 138.4%, moving from $211K to $503K. Total assets increased by 402.4% over the same period, from $999K to $5.0M. Total functional expenses rose by 267.6%, from $72K to $266K. In its most recent filing year (2023), Speckman Family Foundation reported a surplus of $238K, with revenue exceeding expenses. The organization holds $10K in liabilities against $5.0M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $5.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $503K | $266K | $5.0M | $10K | — | View 990 |
| 2022 | $443K | $308K | $4.8M | $10K | — | View 990 |
| 2021 | $864K | $307K | $4.6M | $11K | — | — |
| 2020 | $346K | $258K | $4.1M | $11K | — | — |
| 2019 | $321K | $204K | $4.0M | $11K | — | View 990 |
| 2015 | $698K | $162K | $3.1M | $3K | — | View 990 |
| 2014 | $1.4M | $93K | $2.5M | $1K | — | View 990 |
| 2013 | $90K | $72K | $1.2M | $1 | — | View 990 |
| 2012 | $260K | $66K | $1.2M | $0 | — | View 990 |
| 2011 | $211K | $72K | $999K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $503K, expenses of $266K, and assets of $5.0M (revenue +13.5% year-over-year).
- 2022: Revenue of $443K, expenses of $308K, and assets of $4.8M (revenue -48.7% year-over-year).
- 2021: Revenue of $864K, expenses of $307K, and assets of $4.6M (revenue +149.9% year-over-year).
- 2020: Revenue of $346K, expenses of $258K, and assets of $4.1M (revenue +7.7% year-over-year).
- 2019: Revenue of $321K, expenses of $204K, and assets of $4.0M (revenue -54.0% year-over-year).
- 2015: Revenue of $698K, expenses of $162K, and assets of $3.1M (revenue -50.3% year-over-year).
- 2014: Revenue of $1.4M, expenses of $93K, and assets of $2.5M (revenue +1459.6% year-over-year).
- 2013: Revenue of $90K, expenses of $72K, and assets of $1.2M (revenue -65.4% year-over-year).
- 2012: Revenue of $260K, expenses of $66K, and assets of $1.2M (revenue +23.1% year-over-year).
- 2011: Revenue of $211K, expenses of $72K, and assets of $999K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Speckman Family Foundation:
Data Sources and Methodology
This transparency report for Speckman 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.