The Kellner Foundation
The Kellner Foundation shows volatile revenue and expenses, maintaining assets with no reported officer compensation.
EIN: 137084979 · Springfield, NJ · NTEE: T22 · Updated: 2026-03-28
Is The Kellner Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Kellner Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Kellner Foundation
The Kellner Foundation (EIN: 137084979) is a nonprofit organization based in Springfield, NJ, classified under NTEE code T22. The organization reported total revenue of $312K and total assets of $2.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Kellner Foundation'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 Kellner 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, The Kellner Foundation 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.
Executive Compensation Analysis
The Kellner Foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is a strong positive for minimizing administrative overhead.
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 Kellner Foundation's IRS 990 filings:
- Highly volatile revenue, including significant negative figures in 2015 and 2013, which could indicate unstable funding sources or investment performance.
- Significant fluctuations in annual expenses, from $48,243 to $656,281, making it difficult to assess consistent operational capacity.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary data, hindering a full assessment of spending efficiency.
Strengths
The following positive indicators were identified for The Kellner Foundation:
- Consistent reporting of 0% officer compensation, indicating a commitment to minimizing executive overhead.
- Maintains a healthy asset base, consistently above $2.5 million in recent years, providing financial stability.
- Consistently low liabilities, often $0 or $1, indicating sound debt management.
- Long history of IRS 990 filings (10 filings), demonstrating transparency in reporting.
Frequently Asked Questions about The Kellner Foundation
Is The Kellner Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, The Kellner Foundation (EIN: 137084979) some concerns. Mission Score: 70/100. 3 red flags identified, 4 strengths noted.
How does The Kellner Foundation spend its money?
The Kellner Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Kellner Foundation tax-deductible?
The Kellner Foundation is registered as a tax-exempt nonprofit (EIN: 137084979). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the significant negative revenue reported in 2015 ($-448,249) and 2013 ($-418,488)?
The provided data does not specify the reasons for these negative revenue figures, but they could indicate significant investment losses, returns of grants, or other unusual financial events.
How does The Kellner Foundation manage its program expenses given the high volatility in annual revenue?
The data shows significant fluctuations in expenses, suggesting that program spending may also vary year-to-year, potentially impacting the consistency of its mission delivery. A more detailed breakdown would be needed to understand this.
What is the specific breakdown of program, administrative, and fundraising expenses?
The provided summary data does not offer a detailed breakdown beyond total expenses. This information would be crucial for a comprehensive assessment of spending efficiency.
What is the foundation's strategy for maintaining its asset base despite revenue volatility?
Despite revenue fluctuations, the foundation has consistently maintained assets above $2.5 million in recent years, suggesting effective asset management or reliance on an endowment to sustain its financial position.
Filing History
IRS 990 filing history for The Kellner Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Kellner Foundation's revenue has declined by 20.7%, moving from $162K to $129K. Total assets decreased by 28.2% over the same period, from $3.9M to $2.8M. Total functional expenses fell by 32.3%, from $361K to $244K. In its most recent filing year (2023), The Kellner Foundation reported a deficit of $115K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $129K | $244K | $2.8M | $1 | — | View 990 |
| 2022 | $216K | $65K | $2.9M | $1 | — | View 990 |
| 2021 | $323K | $193K | $2.8M | $1 | — | View 990 |
| 2020 | $330K | $48K | $2.6M | $1 | — | View 990 |
| 2019 | $189K | $195K | $2.1M | $1 | — | — |
| 2015 | $-448,249 | $245K | $2.0M | $0 | — | View 990 |
| 2014 | $266K | $239K | $2.7M | $0 | — | View 990 |
| 2013 | $-418,488 | $656K | $2.6M | $0 | — | View 990 |
| 2012 | $89K | $265K | $3.7M | $0 | — | View 990 |
| 2011 | $162K | $361K | $3.9M | $194 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $129K, expenses of $244K, and assets of $2.8M (revenue -40.4% year-over-year).
- 2022: Revenue of $216K, expenses of $65K, and assets of $2.9M (revenue -32.9% year-over-year).
- 2021: Revenue of $323K, expenses of $193K, and assets of $2.8M (revenue -2.1% year-over-year).
- 2020: Revenue of $330K, expenses of $48K, and assets of $2.6M (revenue +74.7% year-over-year).
- 2019: Revenue of $189K, expenses of $195K, and assets of $2.1M.
- 2015: Revenue of $-448,249, expenses of $245K, and assets of $2.0M (revenue -268.4% year-over-year).
- 2014: Revenue of $266K, expenses of $239K, and assets of $2.7M.
- 2013: Revenue of $-418,488, expenses of $656K, and assets of $2.6M (revenue -567.7% year-over-year).
- 2012: Revenue of $89K, expenses of $265K, and assets of $3.7M (revenue -44.9% year-over-year).
- 2011: Revenue of $162K, expenses of $361K, and assets of $3.9M.
Data Sources and Methodology
This transparency report for The Kellner 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.