The Kim And David Wagman Foundation

The Kim And David Wagman Foundation maintains substantial assets and reports no officer compensation.

EIN: 202578755 · Purchase, NY · NTEE: T20 · Updated: 2026-03-28

$14.5MRevenue

$23.7MAssets

85/100Mission Score (Excellent)

T20

About The Kim And David Wagman Foundation

The Kim And David Wagman Foundation (EIN: 202578755) is a nonprofit organization based in Purchase, NY, classified under NTEE code T20. The organization reported total revenue of $14.5M and total assets of $23.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Kim And David Wagman Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Kim And David Wagman Foundation appears to be a private foundation, as indicated by its NTEE code T20 (Private Grantmaking Foundations) and its consistent pattern of grantmaking rather than direct program services. Its financial health shows significant assets, reaching $23,704,998 in the latest available data, with a consistent growth trend over the past decade. Revenue has fluctuated, with a notable high of $14,541,913 in the latest period, suggesting substantial contributions or investment gains.

Spending efficiency is difficult to fully assess without a detailed breakdown of expenses into program, administrative, and fundraising categories, which are not typically itemized in the same way for private foundations as for public charities. However, the foundation consistently reports zero officer compensation, which is a positive indicator of efficient use of funds at the executive level. The foundation's primary function is likely grantmaking, meaning its 'program' spending would be the grants it distributes.

Transparency is generally good given the availability of 10 years of IRS 990 filings. The consistent reporting of minimal liabilities ($0 or $1) across all periods suggests sound financial management and a lack of significant debt. The absence of officer compensation also enhances transparency regarding how funds are allocated.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates The Kim And David Wagman Foundation with a Mission Score of 85 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: 10%
programs: 90%
fundraising: 0%

According to IRS 990 filings, The Kim And David Wagman Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is a strong positive for financial efficiency.

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 Kim And David Wagman Foundation's IRS 990 filings:

Fluctuating revenue with periods of expenses exceeding revenue (e.g., 202312 and 202212), though this is common for foundations relying on investment returns.

Strengths

The following positive indicators were identified for The Kim And David Wagman Foundation:

Consistent reporting of 0% officer compensation, indicating efficient use of funds at the executive level.
Significant and growing asset base, reaching $23,704,998, providing long-term financial stability.
Minimal liabilities ($0 or $1) across all reported periods, suggesting sound financial management.
Extensive filing history (10 filings) demonstrating consistent transparency.

Frequently Asked Questions about The Kim And David Wagman Foundation

What is the primary purpose of The Kim And David Wagman Foundation?

Based on its NTEE code T20 (Private Grantmaking Foundations) and financial patterns, its primary purpose is likely to make grants to other organizations or individuals, rather than operating direct programs.

How has the foundation's asset base grown over time?

The foundation's assets have grown significantly, from $4,214,715 in 2011 to $23,704,998 in the latest available data, demonstrating substantial financial growth and stability.

Does the foundation pay its executives?

No, the foundation consistently reports 0% officer compensation in all available IRS 990 filings, indicating that its officers are not compensated through the foundation.

Filing History

IRS 990 filing history for The Kim And David Wagman Foundation showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), The Kim And David Wagman Foundation's revenue has declined by 46.8%, moving from $1.2M to $654K. Total assets increased by 337.7% over the same period, from $4.2M to $18.4M. Total functional expenses rose by 155.4%, from $261K to $666K. In its most recent filing year (2023), The Kim And David Wagman Foundation reported a deficit of $13K, with expenses exceeding revenue. The organization holds $1 in liabilities against $18.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $18.4M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$654K	$666K	$18.4M	$1	—	View 990
2022	$382K	$1.1M	$18.5M	$1	—	View 990
2021	$3.7M	$927K	$19.2M	$1	—	View 990
2020	$1.4M	$912K	$16.5M	$1	—	—
2019	$3.2M	$715K	$16.0M	$1	—	View 990
2015	$899K	$473K	$8.0M	$0	—	View 990
2014	$3.4M	$447K	$7.9M	$1	—	View 990
2013	$1.1M	$238K	$5.0M	$1	—	View 990
2012	$107K	$241K	$4.1M	$0	—	View 990
2011	$1.2M	$261K	$4.2M	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $654K, expenses of $666K, and assets of $18.4M (revenue +71.1% year-over-year).
2022: Revenue of $382K, expenses of $1.1M, and assets of $18.5M (revenue -89.5% year-over-year).
2021: Revenue of $3.7M, expenses of $927K, and assets of $19.2M (revenue +166.9% year-over-year).
2020: Revenue of $1.4M, expenses of $912K, and assets of $16.5M (revenue -57.5% year-over-year).
2019: Revenue of $3.2M, expenses of $715K, and assets of $16.0M (revenue +258.4% year-over-year).
2015: Revenue of $899K, expenses of $473K, and assets of $8.0M (revenue -73.6% year-over-year).
2014: Revenue of $3.4M, expenses of $447K, and assets of $7.9M (revenue +198.6% year-over-year).
2013: Revenue of $1.1M, expenses of $238K, and assets of $5.0M (revenue +968.8% year-over-year).
2012: Revenue of $107K, expenses of $241K, and assets of $4.1M (revenue -91.3% year-over-year).
2011: Revenue of $1.2M, expenses of $261K, and assets of $4.2M.

Data Sources and Methodology

This transparency report for The Kim And David Wagman 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.