The Doug And Betsey Schwab And Family Foundation Inc
Doug And Betsey Schwab And Family Foundation consistently spends more than it earns, drawing down assets.
EIN: 200856943 · Wilmington, DE · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $673K |
| Total Expenses | $290K |
| Program Spending | 80% |
| Net Assets | $390K |
| Transparency Score | 65/100 |
Is The Doug And Betsey Schwab And Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Doug And Betsey Schwab And Family Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Doug And Betsey Schwab And Family Foundation Inc
The Doug And Betsey Schwab And Family Foundation Inc (EIN: 200856943) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T20. The organization reported total revenue of $673K and total assets of $250K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Doug And Betsey Schwab And Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Doug And Betsey Schwab And Family Foundation Inc is a small nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -23.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $12K |
| Total Expenses | $290K |
| Surplus / Deficit | $-278,293 |
| Total Assets | $390K |
| Total Liabilities | $1 |
| Net Assets | $390K |
| Operating Margin | -2390.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 16.1 months |
Financial Health Grade: B
In 2023, The Doug And Betsey Schwab And Family Foundation Inc reported a deficit of $278K with expenses exceeding revenue, holds 16.1 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 Doug And Betsey Schwab And Family Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -23.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -67.5% | +30.2% | -41.6% |
| 2022 | -58.0% | +96.6% | -21.8% |
| 2021 | -87.5% | -9.2% | -3.2% |
| 2020 | +3965.6% | -8.7% | +170.3% |
| 2019 | -14.6% | -17.8% | -21.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Doug And Betsey Schwab And Family Foundation Inc with a Mission Score of 65 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, The Doug And Betsey Schwab And Family Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $278K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is unpaid, which is a positive for directing more funds 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.
Red Flags
The following concerns were identified during AI analysis of The Doug And Betsey Schwab And Family Foundation Inc's IRS 990 filings:
- Consistent deficit spending, with expenses frequently exceeding revenue (e.g., 2023 expenses $289,934 vs. revenue $11,641).
- Significant decline in assets over recent years, from $855,023 in 2021 to $389,933 in 2023, indicating a draw-down of reserves.
Strengths
The following positive indicators were identified for The Doug And Betsey Schwab And Family Foundation Inc:
- Zero officer compensation reported across all filings, indicating efficient use of funds at the executive level.
- Very low liabilities ($1 reported consistently), suggesting a strong balance sheet with minimal debt.
- Consistent IRS 990 filing history demonstrates transparency and compliance.
Frequently Asked Questions about The Doug And Betsey Schwab And Family Foundation Inc
Is The Doug And Betsey Schwab And Family Foundation Inc a legitimate charity?
The Doug And Betsey Schwab And Family Foundation Inc (EIN: 200856943) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $673K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does The Doug And Betsey Schwab And Family Foundation Inc spend its money?
The Doug And Betsey Schwab And Family Foundation Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to The Doug And Betsey Schwab And Family Foundation Inc tax-deductible?
The Doug And Betsey Schwab And Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 200856943). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Doug And Betsey Schwab And Family Foundation Inc's spending goes to programs?
The Doug And Betsey Schwab And Family Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Doug And Betsey Schwab And Family Foundation Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), The Doug And Betsey Schwab And Family Foundation Inc 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 The Doug And Betsey Schwab And Family Foundation Inc located?
The Doug And Betsey Schwab And Family Foundation Inc is headquartered in Wilmington, Delaware and files with the IRS under EIN 200856943. It is classified under NTEE code T20.
How many years of IRS 990 filings does The Doug And Betsey Schwab And Family Foundation Inc have?
The Doug And Betsey Schwab And Family Foundation Inc 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 $673K in total revenue.
Is The Doug And Betsey Schwab And Family Foundation Inc. financially sustainable given its spending patterns?
The foundation has consistently spent more than its revenue in most recent years (e.g., $289,934 expenses vs. $11,641 revenue in 2023), leading to a reduction in assets from $855,023 in 2021 to $389,933 in 2023. While it still holds significant assets, this trend raises concerns about long-term sustainability if not addressed.
What is the primary source of the foundation's revenue?
The revenue fluctuates significantly year-to-year (e.g., $680,984 in 2020 vs. $11,641 in 2023), which is typical for private foundations that may rely on investment returns, specific large donations, or asset sales. Without detailed 990 schedules, the exact breakdown is not available, but the variability suggests non-operational income streams.
How does the lack of officer compensation impact the organization?
The consistent 0% officer compensation means that no funds are being used to pay top executives, which can be seen as a strength, allowing more resources to be allocated to the foundation's philanthropic activities and reducing administrative overhead.
Filing History
IRS 990 filing history for The Doug And Betsey Schwab And Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Doug And Betsey Schwab And Family Foundation Inc's revenue has declined by 96.2%, moving from $307K to $12K. Total assets decreased by 24.2% over the same period, from $514K to $390K. Total functional expenses rose by 135%, from $123K to $290K. In its most recent filing year (2023), The Doug And Betsey Schwab And Family Foundation Inc reported a deficit of $278K, with expenses exceeding revenue. The organization holds $1 in liabilities against $390K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $390K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $12K | $290K | $390K | $1 | — | View 990 |
| 2022 | $36K | $223K | $668K | $1 | — | View 990 |
| 2021 | $85K | $113K | $855K | $1 | — | View 990 |
| 2020 | $681K | $125K | $883K | $1 | — | View 990 |
| 2019 | $17K | $137K | $327K | $1 | — | View 990 |
| 2015 | $20K | $166K | $418K | $1 | — | View 990 |
| 2014 | $440K | $244K | $565K | $1 | — | View 990 |
| 2013 | $53K | $80K | $368K | $1 | — | View 990 |
| 2012 | $19K | $138K | $395K | $1 | — | View 990 |
| 2011 | $307K | $123K | $514K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $12K, expenses of $290K, and assets of $390K (revenue -67.5% year-over-year).
- 2022: Revenue of $36K, expenses of $223K, and assets of $668K (revenue -58.0% year-over-year).
- 2021: Revenue of $85K, expenses of $113K, and assets of $855K (revenue -87.5% year-over-year).
- 2020: Revenue of $681K, expenses of $125K, and assets of $883K (revenue +3965.6% year-over-year).
- 2019: Revenue of $17K, expenses of $137K, and assets of $327K (revenue -14.6% year-over-year).
- 2015: Revenue of $20K, expenses of $166K, and assets of $418K (revenue -95.5% year-over-year).
- 2014: Revenue of $440K, expenses of $244K, and assets of $565K (revenue +731.7% year-over-year).
- 2013: Revenue of $53K, expenses of $80K, and assets of $368K (revenue +180.1% year-over-year).
- 2012: Revenue of $19K, expenses of $138K, and assets of $395K (revenue -93.8% year-over-year).
- 2011: Revenue of $307K, expenses of $123K, and assets of $514K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Doug And Betsey Schwab And Family Foundation Inc:
Data Sources and Methodology
This transparency report for The Doug And Betsey Schwab And 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.