The Ae Family Foundation
The Ae Family Foundation maintains robust assets and zero officer compensation, with fluctuating revenue streams.
EIN: 133317246 · Greenwich, CT · Updated: 2026-03-28
Is The Ae Family Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Ae Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Ae Family Foundation
The Ae Family Foundation (EIN: 133317246) is a nonprofit organization based in Greenwich, CT. The organization reported total revenue of $7.0M and total assets of $13.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Ae Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Ae Family Foundation is a mid-size nonprofit that has been operating for 40 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $1.8M |
| Surplus / Deficit | +$21K |
| Total Assets | $12.6M |
| Total Liabilities | $1 |
| Net Assets | $12.6M |
| Operating Margin | 1.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 84.4 months |
Financial Health Grade: A
In 2023, The Ae Family Foundation reported a surplus of $21K with revenue exceeding expenses, holds 84.4 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), The Ae Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 11.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -25.0% | -24.6% | +0.5% |
| 2022 | -81.2% | +16.8% | -4.1% |
| 2021 | +151.4% | +35.2% | +48.9% |
| 2020 | +188.3% | +32.7% | +15.6% |
| 2019 | +34.4% | -1.0% | +3.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
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 The Ae Family Foundation with a Mission Score of 95 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, The Ae Family Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 $21K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Ae Family Foundation consistently reports 0% officer compensation across all available filings, indicating that its leadership either serves on a volunteer basis or is compensated through other means not classified as officer compensation, which is highly efficient for a foundation of its 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.
Strengths
The following positive indicators were identified for The Ae Family Foundation:
- Consistent zero officer compensation, indicating high efficiency or volunteer leadership.
- Strong asset base relative to annual expenses, providing financial stability (e.g., $12.6M assets vs. $1.8M expenses in 2023).
- Minimal to zero liabilities reported across all filings, reflecting sound financial management.
- Positive net revenue in most years, contributing to asset growth.
- Strong program focus implied by the absence of fundraising expenses and zero officer compensation, suggesting resources are directed towards the mission.
Frequently Asked Questions about The Ae Family Foundation
Is The Ae Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, The Ae Family Foundation (EIN: 133317246) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does The Ae Family Foundation spend its money?
The Ae Family Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Ae Family Foundation tax-deductible?
The Ae Family Foundation is registered as a tax-exempt nonprofit (EIN: 133317246). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is The Ae Family Foundation a good charity?
Based on the available financial data, The Ae Family Foundation appears to be a very good charity. It consistently reports zero officer compensation, maintains substantial assets relative to expenses, and has minimal liabilities, all of which are strong indicators of financial health and efficient resource allocation.
How does The Ae Family Foundation manage its expenses?
The foundation manages its expenses efficiently, with total expenses consistently lower than its revenue in most years, allowing for asset growth. For example, in 2023, expenses were $1,796,894 against revenue of $1,818,128. The consistent reporting of zero officer compensation also suggests a highly cost-effective operational model.
What is the trend in The Ae Family Foundation's assets?
The Ae Family Foundation has shown consistent asset growth over the years, increasing from $6,028,857 in 2011 to $12,635,908 in 2023, demonstrating strong financial stewardship and accumulation of resources for its mission.
Filing History
IRS 990 filing history for The Ae Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Ae Family Foundation's revenue has grown by 273.1%, moving from $487K to $1.8M. Total assets increased by 109.6% over the same period, from $6.0M to $12.6M. Total functional expenses rose by 327.1%, from $421K to $1.8M. In its most recent filing year (2023), The Ae Family Foundation reported a surplus of $21K, with revenue exceeding expenses. The organization holds $1 in liabilities against $12.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $12.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $1.8M | $12.6M | $1 | — | — |
| 2022 | $2.4M | $2.4M | $12.6M | $1 | — | View 990 |
| 2021 | $12.9M | $2.0M | $13.1M | $1 | — | View 990 |
| 2020 | $5.1M | $1.5M | $8.8M | $1 | — | View 990 |
| 2019 | $1.8M | $1.1M | $7.6M | $0 | — | View 990 |
| 2015 | $1.3M | $1.1M | $7.4M | $0 | — | View 990 |
| 2014 | $1.9M | $1.4M | $6.9M | $0 | — | View 990 |
| 2013 | $847K | $577K | $6.2M | $0 | — | View 990 |
| 2012 | $275K | $450K | $5.9M | $21K | — | View 990 |
| 2011 | $487K | $421K | $6.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $1.8M, and assets of $12.6M (revenue -25.0% year-over-year).
- 2022: Revenue of $2.4M, expenses of $2.4M, and assets of $12.6M (revenue -81.2% year-over-year).
- 2021: Revenue of $12.9M, expenses of $2.0M, and assets of $13.1M (revenue +151.4% year-over-year).
- 2020: Revenue of $5.1M, expenses of $1.5M, and assets of $8.8M (revenue +188.3% year-over-year).
- 2019: Revenue of $1.8M, expenses of $1.1M, and assets of $7.6M (revenue +34.4% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.1M, and assets of $7.4M (revenue -29.3% year-over-year).
- 2014: Revenue of $1.9M, expenses of $1.4M, and assets of $6.9M (revenue +121.1% year-over-year).
- 2013: Revenue of $847K, expenses of $577K, and assets of $6.2M (revenue +208.4% year-over-year).
- 2012: Revenue of $275K, expenses of $450K, and assets of $5.9M (revenue -43.6% year-over-year).
- 2011: Revenue of $487K, expenses of $421K, and assets of $6.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Ae Family Foundation:
Data Sources and Methodology
This transparency report for The Ae 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.