The Correll Family Foundation Inc
Correll Family Foundation consistently funds programs with zero officer compensation, drawing on substantial assets amidst fluctuating revenue.
EIN: 134311179 · Atlanta, GA · NTEE: T20 · Updated: 2026-03-28
Is The Correll Family Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Correll Family Foundation Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Correll Family Foundation Inc
The Correll Family Foundation Inc (EIN: 134311179) is a nonprofit organization based in Atlanta, GA, classified under NTEE code T20. The organization reported total revenue of $9.7M and total assets of $32.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Correll Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Correll Family Foundation Inc with a Mission Score of 90 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: 95%
- fundraising: 0%
According to IRS 990 filings, The Correll Family Foundation Inc allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The Correll Family Foundation consistently reports 0% officer compensation across all available filings, indicating that its leadership is either unpaid or compensated through other entities, which is highly favorable for resource allocation directly to its mission.
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 Correll Family Foundation Inc:
- Consistent 0% officer compensation, indicating efficient use of funds.
- Substantial asset base ($32,647,956) provides long-term financial stability.
- Low liabilities reported across most periods, suggesting sound financial management.
- Strong program spending focus, with virtually all expenses directed to mission-related activities.
Frequently Asked Questions about The Correll Family Foundation Inc
Is The Correll Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Correll Family Foundation Inc (EIN: 134311179) appears legitimate. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
How does The Correll Family Foundation Inc spend its money?
The Correll Family Foundation Inc directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Correll Family Foundation Inc tax-deductible?
The Correll Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 134311179). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is The Correll Family Foundation Inc a good charity?
Based on the available IRS 990 data, The Correll Family Foundation Inc appears to be a highly effective grant-making organization. It consistently reports 0% officer compensation and directs a very high percentage of its expenses to program services, indicating strong financial stewardship and a clear focus on its mission.
How does the foundation manage its expenses relative to its revenue?
The foundation's expenses have at times exceeded its revenue, for example, in 2023 where expenses were $2,849,834 against $1,041,933 in revenue. This suggests the foundation strategically utilizes its significant asset base ($32,647,956 latest assets) to maintain its grant-making activities, rather than being solely dependent on annual income.
What is the trend in the foundation's assets?
The foundation's assets have seen some fluctuation, decreasing from a high of $42,925,034 in 2012 to $32,647,956 currently. While there has been a decline, the asset base remains substantial, providing a strong financial cushion for its operations and future grant-making.
Filing History
IRS 990 filing history for The Correll Family Foundation Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2012–2023), The Correll Family Foundation Inc's revenue has declined by 80.6%, moving from $5.4M to $1.0M. Total assets decreased by 22.8% over the same period, from $42.9M to $33.2M. Total functional expenses rose by 15.9%, from $2.5M to $2.8M. In its most recent filing year (2023), The Correll Family Foundation Inc reported a deficit of $1.8M, with expenses exceeding revenue. The organization holds $37K in liabilities against $33.2M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $33.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.0M | $2.8M | $33.2M | $37K | — | View 990 |
| 2022 | $6.3M | $2.7M | $34.9M | $108K | — | View 990 |
| 2021 | $3.5M | $3.9M | $31.7M | $1 | — | View 990 |
| 2020 | $539K | $2.3M | $32.0M | $1 | — | — |
| 2016 | $3.0M | $1.7M | $40.9M | $94 | — | View 990 |
| 2015 | $3.1M | $2.2M | $40.6M | $0 | — | View 990 |
| 2014 | $5.0M | $6.7M | $41.1M | $0 | — | View 990 |
| 2013 | $3.3M | $6.2M | $39.1M | $0 | — | View 990 |
| 2012 | $5.4M | $2.5M | $42.9M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.0M, expenses of $2.8M, and assets of $33.2M (revenue -83.5% year-over-year).
- 2022: Revenue of $6.3M, expenses of $2.7M, and assets of $34.9M (revenue +81.4% year-over-year).
- 2021: Revenue of $3.5M, expenses of $3.9M, and assets of $31.7M (revenue +546.7% year-over-year).
- 2020: Revenue of $539K, expenses of $2.3M, and assets of $32.0M (revenue -81.9% year-over-year).
- 2016: Revenue of $3.0M, expenses of $1.7M, and assets of $40.9M (revenue -4.7% year-over-year).
- 2015: Revenue of $3.1M, expenses of $2.2M, and assets of $40.6M (revenue -37.0% year-over-year).
- 2014: Revenue of $5.0M, expenses of $6.7M, and assets of $41.1M (revenue +50.4% year-over-year).
- 2013: Revenue of $3.3M, expenses of $6.2M, and assets of $39.1M (revenue -38.6% year-over-year).
- 2012: Revenue of $5.4M, expenses of $2.5M, and assets of $42.9M.
Data Sources and Methodology
This transparency report for The Correll Family 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.