The Marshmere Foundation
The Marshmere Foundation consistently reports 0% officer compensation and has grown assets to over $51 million.
EIN: 137119435 · New York, NY · NTEE: T20Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $68.8M |
| Total Expenses | $2.6M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $50 |
| Net Assets | $51.7M |
| Transparency Score | 92/100 |
Is The Marshmere Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Marshmere Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Marshmere Foundation
The Marshmere Foundation (EIN: 137119435) is a nonprofit organization based in New York, NY, classified under NTEE code T20Z. The organization reported total revenue of $68.8M and total assets of $56.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Marshmere Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Marshmere Foundation is a major nonprofit that has been operating for 29 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 19.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $18.2M |
| Total Expenses | $2.6M |
| Surplus / Deficit | +$15.5M |
| Total Assets | $51.7M |
| Total Liabilities | $1 |
| Net Assets | $51.7M |
| Operating Margin | 85.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 235.7 months |
Financial Health Grade: A
In 2023, The Marshmere Foundation reported a surplus of $15.5M with revenue exceeding expenses, holds 235.7 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 Marshmere Foundation's revenue has grown at a compound annual growth rate (CAGR) of 19.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -118.0% | +66.6% | -8.0% |
| 2021 | -42.7% | -50.3% | +8.3% |
| 2020 | +402.0% | +34.0% | +15.4% |
| 2019 | -85.1% | +721.7% | +65.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
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 Marshmere 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 Marshmere 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 surplus of $15.5M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly unusual for an organization with assets exceeding $50 million and suggests either a fully volunteer-led executive team or compensation being covered by an affiliated entity, which would warrant further investigation for full transparency.
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 Marshmere Foundation's IRS 990 filings:
- Unusually low liabilities ($1 or $0) for an organization of this size, which could indicate incomplete reporting or a highly simplified financial structure.
- Negative revenue reported in 202212 without further explanation in the provided data, which could signal investment losses or significant financial adjustments.
Strengths
The following positive indicators were identified for The Marshmere Foundation:
- Consistent reporting of 0% officer compensation, indicating a strong commitment to directing funds to the mission.
- Significant and consistent growth in assets from $6.2 million in 2011 to over $51 million in 2023, demonstrating strong financial management and sustainability.
- Low liabilities across all reported periods, indicating financial stability and minimal debt.
- Consistent filing of IRS Form 990s over a decade, reflecting good governance and transparency.
- Strong revenue generation in most periods, particularly $18,162,290 in 202312, supporting asset growth and mission activities.
Frequently Asked Questions about The Marshmere Foundation
Is The Marshmere Foundation a legitimate charity?
The Marshmere Foundation (EIN: 137119435) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 92/100. It has 10 years of IRS 990 filings on record. Total revenue: $68.8M. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does The Marshmere Foundation spend its money?
The Marshmere Foundation directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to The Marshmere Foundation tax-deductible?
The Marshmere Foundation is registered as a tax-exempt nonprofit (EIN: 137119435). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Marshmere Foundation CEO make?
The Marshmere Foundation's highest-compensated officer earns $50 annually. The organization reported $68.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of The Marshmere Foundation's spending goes to programs?
The Marshmere Foundation directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Marshmere Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), The Marshmere Foundation is above average for NTEE category T20Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Marshmere Foundation located?
The Marshmere Foundation is headquartered in New York, New York and files with the IRS under EIN 137119435. It is classified under NTEE code T20Z.
How many years of IRS 990 filings does The Marshmere Foundation have?
The Marshmere 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 $68.8M in total revenue.
How does The Marshmere Foundation achieve 0% officer compensation with over $50 million in assets?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization of this size. It suggests that executive leadership may be entirely volunteer-based, compensated by an affiliated entity, or that the foundation operates with a very lean, non-salaried leadership structure. Further investigation into their operational model would be needed to understand this fully.
What caused the negative revenue of $-792,062 in the 202212 period?
Negative revenue figures often result from investment losses, significant returns of grants, or accounting adjustments. Without more detailed financial statements, it's difficult to pinpoint the exact cause, but it's not uncommon for foundations with large asset bases to experience fluctuations in investment income.
What is the primary use of the significant asset base of over $51 million?
Given its NTEE code T20Z (Philanthropy, Voluntarism, and Grantmaking Foundations), the substantial asset base is likely held as an endowment to generate investment income, which is then used to fund grants and support its philanthropic mission over the long term. This strategy allows for sustained grantmaking capacity.
Filing History
IRS 990 filing history for The Marshmere Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Marshmere Foundation's revenue has grown by 704.3%, moving from $2.3M to $18.2M. Total assets increased by 726.2% over the same period, from $6.3M to $51.7M. Total functional expenses rose by 1112.4%, from $217K to $2.6M. In its most recent filing year (2023), The Marshmere Foundation reported a surplus of $15.5M, with revenue exceeding expenses. The organization holds $1 in liabilities against $51.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $51.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $18.2M | $2.6M | $51.7M | $1 | — | View 990 |
| 2022 | $-792,062 | $2.4M | $36.1M | $1 | — | View 990 |
| 2021 | $4.4M | $1.4M | $39.3M | $15K | — | View 990 |
| 2020 | $7.7M | $2.8M | $36.3M | $1 | — | View 990 |
| 2019 | $1.5M | $2.1M | $31.4M | $0 | — | View 990 |
| 2015 | $10.3M | $258K | $19.0M | $0 | — | View 990 |
| 2014 | $3.3M | $491K | $9.0M | $0 | — | View 990 |
| 2013 | $312K | $268K | $6.2M | $0 | — | View 990 |
| 2012 | $210K | $320K | $6.1M | $0 | — | View 990 |
| 2011 | $2.3M | $217K | $6.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $18.2M, expenses of $2.6M, and assets of $51.7M.
- 2022: Revenue of $-792,062, expenses of $2.4M, and assets of $36.1M (revenue -118.0% year-over-year).
- 2021: Revenue of $4.4M, expenses of $1.4M, and assets of $39.3M (revenue -42.7% year-over-year).
- 2020: Revenue of $7.7M, expenses of $2.8M, and assets of $36.3M (revenue +402.0% year-over-year).
- 2019: Revenue of $1.5M, expenses of $2.1M, and assets of $31.4M (revenue -85.1% year-over-year).
- 2015: Revenue of $10.3M, expenses of $258K, and assets of $19.0M (revenue +206.8% year-over-year).
- 2014: Revenue of $3.3M, expenses of $491K, and assets of $9.0M (revenue +972.0% year-over-year).
- 2013: Revenue of $312K, expenses of $268K, and assets of $6.2M (revenue +48.3% year-over-year).
- 2012: Revenue of $210K, expenses of $320K, and assets of $6.1M (revenue -90.7% year-over-year).
- 2011: Revenue of $2.3M, expenses of $217K, and assets of $6.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Marshmere Foundation:
Data Sources and Methodology
This transparency report for The Marshmere 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.