The Tom L Ward Family Foundation
The Tom L Ward Family Foundation consistently reports zero executive compensation, directing funds to its mission.
EIN: 203160317 · Oklahoma City, OK · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.3M |
| Total Expenses | $1.4M |
| Program Spending | 90% |
| Net Assets | $639K |
| Transparency Score | 90/100 |
Is The Tom L Ward Family Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Tom L Ward Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Tom L Ward Family Foundation
The Tom L Ward Family Foundation (EIN: 203160317) is a nonprofit organization based in Oklahoma City, OK, classified under NTEE code T22. The organization reported total revenue of $4.3M and total assets of $3.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Tom L Ward Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Tom L Ward Family Foundation is a mid-size nonprofit that has been operating for 19 years, with 9 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $1.4M |
| Surplus / Deficit | +$633K |
| Total Assets | $639K |
| Total Liabilities | $1 |
| Net Assets | $639K |
| Operating Margin | 31.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 5.5 months |
Financial Health Grade: A
In 2023, The Tom L Ward Family Foundation reported a surplus of $633K with revenue exceeding expenses, holds 5.5 months of operating reserves (adequate), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2023), The Tom L Ward Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +88.8% | +30.2% | +10342.1% |
| 2022 | +154.6% | +153.6% | +438.0% |
| 2021 | -57.8% | -58.0% | +324.6% |
| 2019 | +1.0% | +12.9% | -99.8% |
| 2015 | -24.2% | -37.5% | +201.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Tom L Ward Family Foundation with a Mission Score of 90 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, The Tom L Ward 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $633K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Tom L Ward Family Foundation consistently reports 0% officer compensation across all provided filing periods, indicating that no funds are allocated to executive salaries. This is a highly positive indicator, suggesting that all available resources are directed towards the organization's mission or operational costs, rather than executive remuneration.
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.
Strengths
The following positive indicators were identified for The Tom L Ward Family Foundation:
- Consistent 0% officer compensation, maximizing funds for mission.
- Minimal liabilities across all filing periods, indicating strong financial management.
- Healthy surplus in the 202312 period ($2,020,000 revenue vs. $1,386,755 expenses).
- Significant asset base ($3,215,795 latest assets) providing long-term stability.
- Positive net assets and ability to manage expenses within revenue.
Frequently Asked Questions about The Tom L Ward Family Foundation
Is The Tom L Ward Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, The Tom L Ward Family Foundation (EIN: 203160317) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does The Tom L Ward Family Foundation spend its money?
The Tom L Ward Family Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Tom L Ward Family Foundation tax-deductible?
The Tom L Ward Family Foundation is registered as a tax-exempt nonprofit (EIN: 203160317). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Tom L Ward Family Foundation's spending goes to programs?
The Tom L Ward Family Foundation directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Tom L Ward Family Foundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), The Tom L Ward Family Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Tom L Ward Family Foundation located?
The Tom L Ward Family Foundation is headquartered in Oklahoma City, Oklahoma and files with the IRS under EIN 203160317. It is classified under NTEE code T22.
How many years of IRS 990 filings does The Tom L Ward Family Foundation have?
The Tom L Ward Family Foundation has 9 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 $4.3M in total revenue.
How does the foundation manage its assets given the significant fluctuations?
The foundation's assets have varied widely, from $6,123 in 202212 to $639,368 in 202312, and a reported latest asset value of $3,215,795. This suggests active management of its endowment or investment portfolio, or significant inflows and outflows related to its grantmaking cycle. Further details on investment strategies would be needed for a complete understanding.
What is the primary focus of the foundation's programs?
Based on the NTEE Code T22, the foundation is categorized under 'Foundations & Fund-Raising Organizations - Private Grantmaking Foundations'. This indicates its primary program focus is likely making grants to other organizations or individuals, rather than direct service provision.
Is the foundation financially stable despite revenue fluctuations?
Yes, despite fluctuations in annual revenue, the foundation has consistently maintained minimal liabilities (often $1 or $0) and generally managed expenses within or close to revenue, indicating sound financial management and stability. The latest reported assets of $3,215,795 also suggest a strong financial position.
Filing History
IRS 990 filing history for The Tom L Ward Family Foundation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2023), The Tom L Ward Family Foundation's revenue has grown by 61.6%, moving from $1.3M to $2.0M. Total assets increased by 3719.9% over the same period, from $17K to $639K. Total functional expenses rose by 10.6%, from $1.3M to $1.4M. In its most recent filing year (2023), The Tom L Ward Family Foundation reported a surplus of $633K, with revenue exceeding expenses. The organization holds $1 in liabilities against $639K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $639K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $1.4M | $639K | $1 | — | — |
| 2022 | $1.1M | $1.1M | $6K | $1 | — | View 990 |
| 2021 | $420K | $420K | $1K | $1 | — | View 990 |
| 2019 | $995K | $1000K | $268 | $0 | — | View 990 |
| 2015 | $985K | $886K | $149K | $372 | — | View 990 |
| 2014 | $1.3M | $1.4M | $50K | $0 | — | View 990 |
| 2013 | $350K | $200K | $166K | $0 | — | View 990 |
| 2012 | $575K | $575K | $17K | $1 | — | View 990 |
| 2011 | $1.3M | $1.3M | $17K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $1.4M, and assets of $639K (revenue +88.8% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.1M, and assets of $6K (revenue +154.6% year-over-year).
- 2021: Revenue of $420K, expenses of $420K, and assets of $1K (revenue -57.8% year-over-year).
- 2019: Revenue of $995K, expenses of $1000K, and assets of $268 (revenue +1.0% year-over-year).
- 2015: Revenue of $985K, expenses of $886K, and assets of $149K (revenue -24.2% year-over-year).
- 2014: Revenue of $1.3M, expenses of $1.4M, and assets of $50K (revenue +271.4% year-over-year).
- 2013: Revenue of $350K, expenses of $200K, and assets of $166K (revenue -39.1% year-over-year).
- 2012: Revenue of $575K, expenses of $575K, and assets of $17K (revenue -54.0% year-over-year).
- 2011: Revenue of $1.3M, expenses of $1.3M, and assets of $17K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Tom L Ward Family Foundation:
Data Sources and Methodology
This transparency report for The Tom L Ward 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.