The Dillard Foundation
The Dillard Foundation faces recent operational deficits despite substantial assets and no reported officer compensation.
EIN: 133318226 · Boulder, CO · Updated: 2026-03-28
Is The Dillard Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Dillard Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About The Dillard Foundation
The Dillard Foundation (EIN: 133318226) is a nonprofit organization based in Boulder, CO. The organization reported total revenue of $1.8M and total assets of $3.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Dillard Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Dillard Foundation is a mid-size nonprofit that has been operating for 39 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $176K |
| Total Expenses | $590K |
| Surplus / Deficit | $-413,277 |
| Total Assets | $3.8M |
| Total Liabilities | $18K |
| Net Assets | $3.8M |
| Operating Margin | -234.3% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 77.7 months |
Financial Health Grade: B
In 2023, The Dillard Foundation reported a deficit of $413K with expenses exceeding revenue, holds 77.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), The Dillard Foundation's revenue has grown at a compound annual growth rate (CAGR) of 4.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -43.2% | +10.9% | -9.7% |
| 2022 | -71.7% | +10.6% | -4.8% |
| 2021 | +250.5% | -20.1% | +16.1% |
| 2020 | -39.4% | +73.6% | -7.0% |
| 2019 | +35.5% | +27.8% | -5.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 Dillard 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, The Dillard Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $413K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.5%.
Executive Compensation Analysis
The Dillard Foundation consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either entirely volunteer-based or compensated through non-officer roles, which enhances financial efficiency but may obscure full leadership costs.
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 Dillard Foundation's IRS 990 filings:
- Consistent operational deficits in recent years (e.g., 2023 expenses $589,669 vs. revenue $176,392)
- Declining asset base from $4,440,993 in 2021 to $3,818,343 in 2023, potentially due to deficit spending
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data, hindering full efficiency assessment
Strengths
The following positive indicators were identified for The Dillard Foundation:
- Very low liabilities across all reported periods (e.g., $17,889 in 2023), indicating strong balance sheet health
- No reported officer compensation, suggesting efficient use of funds at the executive level or volunteer leadership
- Substantial asset base of $3,527,478, providing a buffer against operational fluctuations
Frequently Asked Questions about The Dillard Foundation
Is The Dillard Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, The Dillard Foundation (EIN: 133318226) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does The Dillard Foundation spend its money?
The Dillard Foundation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Dillard Foundation tax-deductible?
The Dillard Foundation is registered as a tax-exempt nonprofit (EIN: 133318226). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does The Dillard Foundation sustain operations with consistent revenue shortfalls in recent years?
The organization has experienced expenses exceeding revenue in 2023 ($589,669 expenses vs. $176,392 revenue) and 2022 ($531,700 expenses vs. $310,486 revenue). This suggests they may be drawing from prior surpluses or investment income, as their assets have decreased from $4,440,993 in 2021 to $3,818,343 in 2023.
What is the detailed breakdown of The Dillard Foundation's expenses (program, administrative, fundraising)?
The provided IRS 990 data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories, making it difficult to precisely assess spending efficiency. However, a general estimate based on typical foundation operations and the lack of reported fundraising costs suggests a significant portion is likely allocated to programs.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation across all filings suggests that the foundation's leadership may be entirely volunteer-based, or that compensation for key personnel is categorized differently within the financial statements, which would require further investigation of the full 990 forms.
Filing History
IRS 990 filing history for The Dillard Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Dillard Foundation's revenue has grown by 78.5%, moving from $99K to $176K. Total assets increased by 6.4% over the same period, from $3.6M to $3.8M. Total functional expenses rose by 184.7%, from $207K to $590K. In its most recent filing year (2023), The Dillard Foundation reported a deficit of $413K, with expenses exceeding revenue. The organization holds $18K in liabilities against $3.8M in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $3.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $176K | $590K | $3.8M | $18K | — | — |
| 2022 | $310K | $532K | $4.2M | $14K | — | View 990 |
| 2021 | $1.1M | $481K | $4.4M | $6K | — | View 990 |
| 2020 | $313K | $601K | $3.8M | $7K | — | View 990 |
| 2019 | $517K | $346K | $4.1M | $6K | — | — |
| 2015 | $381K | $271K | $4.3M | $1 | — | View 990 |
| 2014 | $333K | $254K | $4.2M | $1 | — | View 990 |
| 2013 | $725K | $237K | $4.2M | $1 | — | View 990 |
| 2012 | $308K | $231K | $3.7M | $1 | — | View 990 |
| 2011 | $99K | $207K | $3.6M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $176K, expenses of $590K, and assets of $3.8M (revenue -43.2% year-over-year).
- 2022: Revenue of $310K, expenses of $532K, and assets of $4.2M (revenue -71.7% year-over-year).
- 2021: Revenue of $1.1M, expenses of $481K, and assets of $4.4M (revenue +250.5% year-over-year).
- 2020: Revenue of $313K, expenses of $601K, and assets of $3.8M (revenue -39.4% year-over-year).
- 2019: Revenue of $517K, expenses of $346K, and assets of $4.1M (revenue +35.5% year-over-year).
- 2015: Revenue of $381K, expenses of $271K, and assets of $4.3M (revenue +14.6% year-over-year).
- 2014: Revenue of $333K, expenses of $254K, and assets of $4.2M (revenue -54.1% year-over-year).
- 2013: Revenue of $725K, expenses of $237K, and assets of $4.2M (revenue +135.6% year-over-year).
- 2012: Revenue of $308K, expenses of $231K, and assets of $3.7M (revenue +211.4% year-over-year).
- 2011: Revenue of $99K, expenses of $207K, and assets of $3.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Dillard Foundation:
Data Sources and Methodology
This transparency report for The Dillard 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.