The Kjellstrom Family Foundation
Kjellstrom Family Foundation consistently spends more than annual revenue, drawing from substantial assets.
EIN: 206368876 · Rockford, IL · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.8M |
| Total Expenses | $726K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $9 |
| Net Assets | $8.8M |
| Transparency Score | 92/100 |
Is The Kjellstrom 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 Kjellstrom Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Kjellstrom Family Foundation
The Kjellstrom Family Foundation (EIN: 206368876) is a nonprofit organization based in Rockford, IL, classified under NTEE code T20. The organization reported total revenue of $2.8M and total assets of $9.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Kjellstrom Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Kjellstrom Family Foundation is a mid-size 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 -10.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $417K |
| Total Expenses | $726K |
| Surplus / Deficit | $-309,140 |
| Total Assets | $8.8M |
| Total Liabilities | $1 |
| Net Assets | $8.8M |
| Operating Margin | -74.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 145.3 months |
Financial Health Grade: B
In 2023, The Kjellstrom Family Foundation reported a deficit of $309K with expenses exceeding revenue, holds 145.3 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 Kjellstrom Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -10.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1889.1% | +34.7% | -3.4% |
| 2022 | -96.0% | -26.0% | -5.4% |
| 2021 | +24.1% | +19.1% | -2.1% |
| 2020 | -62.8% | -36.5% | -1.9% |
| 2019 | +26.5% | +331.5% | +224.8% |
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 Kjellstrom Family Foundation with a Mission Score of 92 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, The Kjellstrom Family Foundation allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% 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 $309K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Kjellstrom Family Foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its executives. This is highly commendable for an organization of its size with assets nearing $9 million, suggesting a strong dedication to directing all available funds towards 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 Kjellstrom Family Foundation's IRS 990 filings:
- Consistent expenses exceeding revenue, leading to asset depletion (though typical for a foundation, warrants monitoring)
Strengths
The following positive indicators were identified for The Kjellstrom Family Foundation:
- Zero officer compensation reported across all filings, indicating high efficiency and mission focus.
- Substantial asset base ($8,795,248 in 2023) provides financial stability for long-term operations.
- Low liabilities ($1 in recent years) suggests sound financial management.
- Consistent distribution of funds, even when revenue is low, fulfilling its purpose as a grant-making foundation.
Frequently Asked Questions about The Kjellstrom Family Foundation
Is The Kjellstrom Family Foundation a legitimate charity?
The Kjellstrom Family Foundation (EIN: 206368876) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 92/100. It has 10 years of IRS 990 filings on record. Total revenue: $2.8M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does The Kjellstrom Family Foundation spend its money?
The Kjellstrom Family Foundation directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to The Kjellstrom Family Foundation tax-deductible?
The Kjellstrom Family Foundation is registered as a tax-exempt nonprofit (EIN: 206368876). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Kjellstrom Family Foundation CEO make?
The Kjellstrom Family Foundation's highest-compensated officer earns $9 annually. The organization reported $2.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of The Kjellstrom Family Foundation's spending goes to programs?
The Kjellstrom Family Foundation directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Kjellstrom Family Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), The Kjellstrom Family Foundation 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 Kjellstrom Family Foundation located?
The Kjellstrom Family Foundation is headquartered in Rockford, Illinois and files with the IRS under EIN 206368876. It is classified under NTEE code T20.
How many years of IRS 990 filings does The Kjellstrom Family Foundation have?
The Kjellstrom Family Foundation 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 $2.8M in total revenue.
Is The Kjellstrom Family Foundation a good charity?
Based on the available IRS 990 data, The Kjellstrom Family Foundation appears to be a very good charity. It consistently reports 0% officer compensation, indicating that all funds are directed towards its mission. Its spending patterns show a commitment to distributing funds, even when expenses exceed annual revenue, which is typical for a grant-making foundation.
How does The Kjellstrom Family Foundation manage its assets?
The foundation manages a substantial asset base, which has fluctuated but remained significant, from $10,016,408 in 2019 to $8,795,248 in 2023. It appears to draw from these assets to fund its operations and grantmaking, as expenses have frequently exceeded annual revenue, such as $726,475 in expenses against $417,335 in revenue in 2023.
What is the trend in The Kjellstrom Family Foundation's revenue and expenses?
The foundation's revenue has been highly variable, ranging from a low of $20,981 in 2022 to a high of $1,134,981 in 2019 (excluding the 2011 spike). Expenses have been more consistent, generally ranging between $500,000 and $750,000 in recent years, often exceeding annual revenue, indicating a strategy of distributing funds from its endowment.
Filing History
IRS 990 filing history for The Kjellstrom Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Kjellstrom Family Foundation's revenue has declined by 71.9%, moving from $1.5M to $417K. Total assets increased by 240.2% over the same period, from $2.6M to $8.8M. Total functional expenses rose by 1022.2%, from $65K to $726K. In its most recent filing year (2023), The Kjellstrom Family Foundation reported a deficit of $309K, with expenses exceeding revenue. The organization holds $1 in liabilities against $8.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $8.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $417K | $726K | $8.8M | $1 | — | View 990 |
| 2022 | $21K | $539K | $9.1M | $1 | — | View 990 |
| 2021 | $524K | $728K | $9.6M | $1 | — | View 990 |
| 2020 | $422K | $612K | $9.8M | $1 | — | — |
| 2019 | $1.1M | $964K | $10.0M | $0 | — | View 990 |
| 2015 | $897K | $223K | $3.1M | $0 | — | View 990 |
| 2014 | $159K | $198K | $2.4M | $0 | — | View 990 |
| 2013 | $143K | $263K | $2.4M | $0 | — | View 990 |
| 2012 | $99K | $117K | $2.6M | $0 | — | View 990 |
| 2011 | $1.5M | $65K | $2.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $417K, expenses of $726K, and assets of $8.8M (revenue +1889.1% year-over-year).
- 2022: Revenue of $21K, expenses of $539K, and assets of $9.1M (revenue -96.0% year-over-year).
- 2021: Revenue of $524K, expenses of $728K, and assets of $9.6M (revenue +24.1% year-over-year).
- 2020: Revenue of $422K, expenses of $612K, and assets of $9.8M (revenue -62.8% year-over-year).
- 2019: Revenue of $1.1M, expenses of $964K, and assets of $10.0M (revenue +26.5% year-over-year).
- 2015: Revenue of $897K, expenses of $223K, and assets of $3.1M (revenue +462.7% year-over-year).
- 2014: Revenue of $159K, expenses of $198K, and assets of $2.4M (revenue +11.3% year-over-year).
- 2013: Revenue of $143K, expenses of $263K, and assets of $2.4M (revenue +44.4% year-over-year).
- 2012: Revenue of $99K, expenses of $117K, and assets of $2.6M (revenue -93.3% year-over-year).
- 2011: Revenue of $1.5M, expenses of $65K, and assets of $2.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Kjellstrom Family Foundation:
Data Sources and Methodology
This transparency report for The Kjellstrom 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.