The Kal Zeff Family Foundation
The Kal Zeff Family Foundation maintains a substantial asset base but shows recent inactivity with $0 revenue and assets in its latest filing.
EIN: 204429026 · Denver, CO · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $347K |
| Program Spending | 90% |
| Net Assets | $5.6M |
| Transparency Score | 75/100 |
Is The Kal Zeff 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 Kal Zeff Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Kal Zeff Family Foundation
The Kal Zeff Family Foundation (EIN: 204429026) is a nonprofit organization based in Denver, CO. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Kal Zeff Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Kal Zeff Family Foundation is a micro nonprofit, with 5 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of -35.3%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $58K |
| Total Expenses | $347K |
| Surplus / Deficit | $-288,772 |
| Total Assets | $5.6M |
| Total Liabilities | $1 |
| Net Assets | $5.6M |
| Operating Margin | -494.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 195.2 months |
Financial Health Grade: B
In 2015, The Kal Zeff Family Foundation reported a deficit of $289K with expenses exceeding revenue, holds 195.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 5 years of filings (2011–2015), The Kal Zeff Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -35.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | +232.3% | +28.1% | -6.4% |
| 2014 | -98.7% | -24.4% | -2.6% |
| 2013 | +206.5% | +0.9% | +4.0% |
| 2012 | +28.9% | -15.8% | +9.3% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Kal Zeff Family Foundation with a Mission Score of 75 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, The Kal Zeff Family Foundation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $289K, 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 no salaries or other compensation are paid to officers, which is a strong positive for minimizing administrative 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 Kal Zeff Family Foundation's IRS 990 filings:
- Latest filing shows $0 revenue and assets, a significant change from historical data, requiring clarification.
- Expenses have exceeded revenue in multiple years (e.g., 201512, 201412, 201112), indicating reliance on endowment rather than annual income for operations.
Strengths
The following positive indicators were identified for The Kal Zeff Family Foundation:
- Consistently reports 0% officer compensation, indicating efficient use of funds regarding executive pay.
- Maintained a substantial asset base (over $5 million) for several years, suggesting financial stability and endowment strength.
- Consistently reports low or no liabilities, indicating sound financial management.
Frequently Asked Questions about The Kal Zeff Family Foundation
Is The Kal Zeff Family Foundation a legitimate charity?
The Kal Zeff Family Foundation (EIN: 204429026) is a registered tax-exempt nonprofit based in Colorado. Our AI analysis gives it a Mission Score of 75/100. It has 5 years of IRS 990 filings on record. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does The Kal Zeff Family Foundation spend its money?
The Kal Zeff Family Foundation directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to The Kal Zeff Family Foundation tax-deductible?
The Kal Zeff Family Foundation is registered as a tax-exempt nonprofit (EIN: 204429026). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Kal Zeff Family Foundation's spending goes to programs?
The Kal Zeff Family Foundation directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is The Kal Zeff Family Foundation located?
The Kal Zeff Family Foundation is headquartered in Denver, Colorado and files with the IRS under EIN 204429026.
How many years of IRS 990 filings does The Kal Zeff Family Foundation have?
The Kal Zeff Family Foundation has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
What is the reason for the $0 revenue and assets reported in the latest filing?
The latest filing showing $0 revenue and assets is a significant departure from previous years where the foundation held millions in assets. This could indicate a change in reporting, a period of dormancy, or the dissolution of the foundation. Further investigation into the specific filing details would be necessary to understand this change.
How does the foundation manage to cover expenses when revenue is significantly lower, as seen in 201512 ($58,404 revenue vs. $347,176 expenses)?
As a private foundation with a substantial asset base (e.g., $5.6 million in 201512), it likely covers expenses by drawing from its endowment or investment returns, rather than relying solely on annual contributions. This is a common practice for foundations.
What are the specific program areas or grants made by The Kal Zeff Family Foundation?
The provided data does not detail the specific program areas or grant recipients. To understand the foundation's programmatic impact, one would need to review the Schedule I (Grants and Other Assistance) of its IRS Form 990 filings.
Filing History
IRS 990 filing history for The Kal Zeff Family Foundation showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), The Kal Zeff Family Foundation's revenue has declined by 82.4%, moving from $332K to $58K. Total assets increased by 3.7% over the same period, from $5.4M to $5.6M. Total functional expenses fell by 17.7%, from $422K to $347K. In its most recent filing year (2015), The Kal Zeff Family Foundation reported a deficit of $289K, with expenses exceeding revenue. The organization holds $1 in liabilities against $5.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $58K | $347K | $5.6M | $1 | — | View 990 |
| 2014 | $18K | $271K | $6.0M | $1 | — | View 990 |
| 2013 | $1.3M | $358K | $6.2M | $0 | — | View 990 |
| 2012 | $429K | $355K | $6.0M | $0 | — | View 990 |
| 2011 | $332K | $422K | $5.4M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $58K, expenses of $347K, and assets of $5.6M (revenue +232.3% year-over-year).
- 2014: Revenue of $18K, expenses of $271K, and assets of $6.0M (revenue -98.7% year-over-year).
- 2013: Revenue of $1.3M, expenses of $358K, and assets of $6.2M (revenue +206.5% year-over-year).
- 2012: Revenue of $429K, expenses of $355K, and assets of $6.0M (revenue +28.9% year-over-year).
- 2011: Revenue of $332K, expenses of $422K, and assets of $5.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Kal Zeff Family Foundation:
Data Sources and Methodology
This transparency report for The Kal Zeff 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.