Teferes Foundation
Teferes Foundation shows stable recent operations but a history of extreme financial fluctuations and unusual liability reporting.
EIN: 205428853 · New York, NY · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $1.4M |
| Program Spending | 85% |
| Net Assets | $61.6M |
| Transparency Score | 70/100 |
Search Intent Cockpit
Teferes Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Teferes Foundation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Teferes Foundation in one place.
Form 990 Filing Summary
10 filing years are available, with latest revenue of $1.1M and expenses of $1.4M.
Revenue and Expenses
Teferes Foundation reported $1.1M in revenue and $1.4M in expenses, a deficit of $303K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
70/100 mission score, 3 red flags, and 3 strengths are shown from structured and AI review.
Is Teferes Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $1.2M (85%) |
Across stored filings, Teferes Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 3 red flags identified |
| Mission spend | 85% to programs | Excellent |
| Financial durability | Grade B | 10 stored filing years |
| Peer context | Compare with Healthy Capital District Initiative | New York and Philanthropy context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
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Local and Sector Spokes
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Follow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
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Keep the Investigation Moving
Teferes Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Teferes Foundation
Teferes Foundation (EIN: 205428853) is a nonprofit organization based in New York, NY, classified under NTEE code T20. The organization reported total revenue of $1.7M and total assets of $61.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Teferes Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Teferes Foundation is a mid-size 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 -2.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $1.4M |
| Surplus / Deficit | $-302,905 |
| Total Assets | $61.6M |
| Total Liabilities | $1 |
| Net Assets | $61.6M |
| Operating Margin | -27.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 519.2 months |
Financial Health Grade: B
In 2023, Teferes Foundation reported a deficit of $303K with expenses exceeding revenue, holds 519.2 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), Teferes Foundation's revenue has declined at a compound annual growth rate (CAGR) of -2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +29.6% | +65.5% | -0.5% |
| 2022 | -19.1% | +37.0% | +-0.0% |
| 2021 | +15.1% | -28.5% | +0.7% |
| 2020 | +19.8% | -4.7% | +0.1% |
| 2019 | -90.6% | -99.8% | -9.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Teferes 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Teferes Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. 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 $303K, 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 that no officers received compensation from the organization, which is highly favorable for donor perception.
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 Teferes Foundation's IRS 990 filings:
- Extreme revenue and expense fluctuations in 2014-2015 without clear explanation.
- Consistent reporting of $1 in liabilities across multiple recent years is highly unusual.
- Operational deficits in recent years (e.g., 2023 and 2019) indicate spending exceeding incoming revenue.
Strengths
The following positive indicators were identified for Teferes Foundation:
- Consistent reporting of 0% officer compensation, indicating no executive pay.
- Substantial asset base, consistently over $61 million in recent years, providing financial stability.
- Long filing history (10 filings) indicates consistent compliance with IRS reporting requirements.
Frequently Asked Questions about Teferes Foundation
Is Teferes Foundation a legitimate charity?
Teferes Foundation (EIN: 205428853) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 70/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.7M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Teferes Foundation spend its money?
Teferes Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Teferes Foundation tax-deductible?
Teferes Foundation is registered as a tax-exempt nonprofit (EIN: 205428853). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Teferes Foundation's spending goes to programs?
Teferes Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Teferes Foundation compare to similar nonprofits?
With a transparency score of 70/100 (Good), Teferes Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Teferes Foundation located?
Teferes Foundation is headquartered in New York, New York and files with the IRS under EIN 205428853. It is classified under NTEE code T20.
How many years of IRS 990 filings does Teferes Foundation have?
Teferes 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 $1.7M in total revenue.
What caused the massive revenue and expense spikes in 2014 and 2015?
The provided data shows a revenue of $370,301,647 in 2014 and expenses of $395,723,924 in 2015. This suggests a significant one-time event, such as a large grant distribution or a pass-through of funds, which is not typical for an organization with its usual revenue levels.
Why are liabilities consistently reported as $1 in recent years?
The consistent reporting of $1 in liabilities from 2012 to 2023 (excluding 2011, 2014, 2015) is highly unusual for an organization with assets in the tens of millions. This could indicate an accounting anomaly, a specific type of liability, or a reporting error that warrants further scrutiny of the full financial statements.
How does Teferes Foundation sustain operations with occasional deficits?
In 2023, expenses ($1,423,255) exceeded revenue ($1,120,350), and similar deficits occurred in 2019. The organization's substantial assets, consistently over $61 million in recent years, likely provide the financial stability to cover operational shortfalls when they occur.
Filing History
IRS 990 filing history for Teferes Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Teferes Foundation's revenue has declined by 25.8%, moving from $1.5M to $1.1M. Total assets increased by 5117.9% over the same period, from $1.2M to $61.6M. Total functional expenses rose by 34.3%, from $1.1M to $1.4M. In its most recent filing year (2023), Teferes Foundation reported a deficit of $303K, with expenses exceeding revenue. The organization holds $1 in liabilities against $61.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $61.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $1.4M | $61.6M | $1 | — | View 990 |
| 2022 | $865K | $860K | $61.9M | $1 | — | View 990 |
| 2021 | $1.1M | $628K | $61.9M | $1 | — | — |
| 2020 | $928K | $878K | $61.5M | $1 | — | — |
| 2019 | $775K | $921K | $61.4M | $1 | — | — |
| 2015 | $8.2M | $395.7M | $68.1M | $0 | — | View 990 |
| 2014 | $370.3M | $1.9M | $372.3M | $0 | — | View 990 |
| 2013 | $834K | $829K | $3.3M | $1 | — | View 990 |
| 2012 | $3.0M | $856K | $3.3M | $1 | — | View 990 |
| 2011 | $1.5M | $1.1M | $1.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $1.4M, and assets of $61.6M (revenue +29.6% year-over-year).
- 2022: Revenue of $865K, expenses of $860K, and assets of $61.9M (revenue -19.1% year-over-year).
- 2021: Revenue of $1.1M, expenses of $628K, and assets of $61.9M (revenue +15.1% year-over-year).
- 2020: Revenue of $928K, expenses of $878K, and assets of $61.5M (revenue +19.8% year-over-year).
- 2019: Revenue of $775K, expenses of $921K, and assets of $61.4M (revenue -90.6% year-over-year).
- 2015: Revenue of $8.2M, expenses of $395.7M, and assets of $68.1M (revenue -97.8% year-over-year).
- 2014: Revenue of $370.3M, expenses of $1.9M, and assets of $372.3M (revenue +44301.2% year-over-year).
- 2013: Revenue of $834K, expenses of $829K, and assets of $3.3M (revenue -71.8% year-over-year).
- 2012: Revenue of $3.0M, expenses of $856K, and assets of $3.3M (revenue +95.9% year-over-year).
- 2011: Revenue of $1.5M, expenses of $1.1M, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Teferes Foundation:
Data Sources and Methodology
This transparency report for Teferes 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.