The Charboneau Family Foundation
Charboneau Family Foundation consistently disburses over $1 million annually from a growing asset base despite volatile revenue.
EIN: 208080199 · Hartford, MI · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $28.1M |
| Total Expenses | $1.3M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $26 |
| Net Assets | $26.4M |
| Transparency Score | 80/100 |
Is The Charboneau Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Charboneau Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Charboneau Family Foundation
The Charboneau Family Foundation (EIN: 208080199) is a nonprofit organization based in Hartford, MI, classified under NTEE code T22. The organization reported total revenue of $28.1M and total assets of $27.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Charboneau Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Charboneau Family Foundation is a large 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 -8.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $478K |
| Total Expenses | $1.3M |
| Surplus / Deficit | $-772,334 |
| Total Assets | $26.4M |
| Total Liabilities | $1 |
| Net Assets | $26.4M |
| Operating Margin | -161.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 253.2 months |
Financial Health Grade: B
In 2023, The Charboneau Family Foundation reported a deficit of $772K with expenses exceeding revenue, holds 253.2 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), The Charboneau Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -8.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +152.1% | -12.0% | +7.5% |
| 2022 | -95.2% | +5.2% | -16.3% |
| 2021 | +1230.9% | +17.4% | +9.8% |
| 2020 | -67.0% | +4.5% | -5.3% |
| 2019 | +104.4% | -7.0% | +23.0% |
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 The Charboneau Family Foundation with a Mission Score of 80 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 Charboneau 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 deficit of $772K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are not compensated directly by the foundation, which is highly unusual for an organization with assets exceeding $26 million and annual expenses over $1 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 The Charboneau Family Foundation's IRS 990 filings:
- Consistent annual expenses often exceed annual revenue, indicating reliance on asset drawdowns.
- Lack of detailed expense breakdown in provided data makes precise program efficiency assessment challenging.
Strengths
The following positive indicators were identified for The Charboneau Family Foundation:
- Strong and growing asset base, increasing from $11.3 million in 2011 to $26.3 million in 2023.
- Consistent annual philanthropic activity with expenses typically over $1 million.
- 0% reported officer compensation, indicating very low executive overhead.
- Long history of IRS 990 filings, demonstrating transparency over time.
Frequently Asked Questions about The Charboneau Family Foundation
Is The Charboneau Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, The Charboneau Family Foundation (EIN: 208080199) some concerns. Mission Score: 80/100. 2 red flags identified, 4 strengths noted.
How does The Charboneau Family Foundation spend its money?
The Charboneau Family Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Charboneau Family Foundation tax-deductible?
The Charboneau Family Foundation is registered as a tax-exempt nonprofit (EIN: 208080199). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Charboneau Family Foundation CEO make?
The Charboneau Family Foundation's highest-compensated officer earns $26 annually. The organization reported $28.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does The Charboneau Family Foundation compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), The Charboneau Family Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Charboneau Family Foundation located?
The Charboneau Family Foundation is headquartered in Hartford, Michigan and files with the IRS under EIN 208080199. It is classified under NTEE code T22.
How many years of IRS 990 filings does The Charboneau Family Foundation have?
The Charboneau 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 $28.1M in total revenue.
How does The Charboneau Family Foundation manage its significant asset base to ensure long-term sustainability given fluctuating annual revenues?
The foundation's assets have grown from $11.3 million in 2011 to $26.3 million in 2023, suggesting effective investment strategies. Despite revenue volatility, consistent expenses of over $1 million annually indicate a reliance on these assets to fund its grant-making activities, implying a strategy of spending from endowment returns or principal.
What is the specific breakdown of the foundation's annual expenses, particularly between grants and administrative costs?
The provided data only shows total expenses (e.g., $1,250,000 in 2023). Without a detailed breakdown from the 990, it's assumed that the majority of expenses for a private foundation are program-related (grants), but the exact proportion of administrative overhead is not explicitly stated.
Why is officer compensation consistently reported as 0% across all filings?
The consistent reporting of 0% officer compensation suggests that the foundation's leadership may be unpaid volunteers, or compensated through other means not reported as officer compensation on the 990, or that the foundation outsources its management. This is a notable characteristic for an organization of its size.
Filing History
IRS 990 filing history for The Charboneau Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Charboneau Family Foundation's revenue has declined by 66.9%, moving from $1.4M to $478K. Total assets increased by 132.6% over the same period, from $11.3M to $26.4M. Total functional expenses rose by 163.2%, from $475K to $1.3M. In its most recent filing year (2023), The Charboneau Family Foundation reported a deficit of $772K, with expenses exceeding revenue. The organization holds $1 in liabilities against $26.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $26.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $478K | $1.3M | $26.4M | $1 | — | View 990 |
| 2022 | $189K | $1.4M | $24.5M | $1 | — | View 990 |
| 2021 | $4.0M | $1.4M | $29.3M | $1 | — | View 990 |
| 2020 | $298K | $1.1M | $26.7M | $1 | — | — |
| 2019 | $903K | $1.1M | $28.2M | $1 | — | View 990 |
| 2015 | $442K | $1.2M | $22.9M | $0 | — | View 990 |
| 2014 | $-1,001,717 | $1.2M | $23.3M | $1 | — | View 990 |
| 2013 | $1.6M | $1.3M | $23.5M | $1 | — | View 990 |
| 2012 | $13.1M | $602K | $24.2M | $1 | — | View 990 |
| 2011 | $1.4M | $475K | $11.3M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $478K, expenses of $1.3M, and assets of $26.4M (revenue +152.1% year-over-year).
- 2022: Revenue of $189K, expenses of $1.4M, and assets of $24.5M (revenue -95.2% year-over-year).
- 2021: Revenue of $4.0M, expenses of $1.4M, and assets of $29.3M (revenue +1230.9% year-over-year).
- 2020: Revenue of $298K, expenses of $1.1M, and assets of $26.7M (revenue -67.0% year-over-year).
- 2019: Revenue of $903K, expenses of $1.1M, and assets of $28.2M (revenue +104.4% year-over-year).
- 2015: Revenue of $442K, expenses of $1.2M, and assets of $22.9M.
- 2014: Revenue of $-1,001,717, expenses of $1.2M, and assets of $23.3M (revenue -164.1% year-over-year).
- 2013: Revenue of $1.6M, expenses of $1.3M, and assets of $23.5M (revenue -88.1% year-over-year).
- 2012: Revenue of $13.1M, expenses of $602K, and assets of $24.2M (revenue +807.4% year-over-year).
- 2011: Revenue of $1.4M, expenses of $475K, and assets of $11.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Charboneau Family Foundation:
Data Sources and Methodology
This transparency report for The Charboneau 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.