Theodores Family Foundation
Theodores Family Foundation operates with minimal revenue and expenses, consistently reporting $1 in assets.
EIN: 205718924 · Cumb Foreside, ME · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2K |
| Total Expenses | $2K |
| Program Spending | 100% |
| Net Assets | $0 |
| Transparency Score | 60/100 |
Is Theodores Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Theodores Family Foundation directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Theodores Family Foundation
Theodores Family Foundation (EIN: 205718924) is a nonprofit organization based in Cumb Foreside, ME, classified under NTEE code T20. The organization reported total revenue of $2K and total assets of $1 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Theodores Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Theodores Family Foundation is a micro nonprofit that has been operating for 19 years, with 9 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -2.4%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $2K |
| Total Expenses | $2K |
| Surplus / Deficit | +$0 |
| Total Assets | $1 |
| Total Liabilities | $1 |
| Net Assets | $0 |
| Operating Margin | 0.0% |
| Debt-to-Asset Ratio | 100.0% |
| Months of Reserves | 0.0 months |
Financial Health Grade: C
In 2022, Theodores Family Foundation reported a surplus of $0 with revenue exceeding expenses, holds 0.0 months of operating reserves (limited), has a debt-to-asset ratio of 100.0% (high leverage).
Financial Trends
Over 9 years of filings (2011–2022), Theodores Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +174300.0% | +433.3% | +0.0% |
| 2021 | -99.9% | -78.1% | +0.0% |
| 2020 | -8.4% | -8.5% | +0.0% |
| 2019 | -22.3% | -22.2% | +0.0% |
| 2015 | -4.7% | -4.8% | +0.0% |
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 Theodores Family Foundation with a Mission Score of 60 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: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Theodores Family Foundation allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $0, with revenue exceeding expenses.
- Debt-to-asset ratio: 100.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that officers are unpaid. This is a positive sign for a small organization, as it ensures all funds are directed elsewhere.
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 Theodores Family Foundation's IRS 990 filings:
- Extremely low and consistent $1 asset base, which is atypical for a foundation.
- Minimal financial activity makes it difficult to assess significant impact or operational scale.
Strengths
The following positive indicators were identified for Theodores Family Foundation:
- Consistent reporting of 0% officer compensation, indicating unpaid leadership.
- Expenses consistently align with revenue, suggesting no significant deficit spending.
Frequently Asked Questions about Theodores Family Foundation
Is Theodores Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Theodores Family Foundation (EIN: 205718924) some concerns. Mission Score: 60/100. 2 red flags identified, 2 strengths noted.
How does Theodores Family Foundation spend its money?
Theodores Family Foundation directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Theodores Family Foundation tax-deductible?
Theodores Family Foundation is registered as a tax-exempt nonprofit (EIN: 205718924). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Theodores Family Foundation compare to similar nonprofits?
With a transparency score of 60/100 (Good), Theodores 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 Theodores Family Foundation located?
Theodores Family Foundation is headquartered in Cumb Foreside, Maine and files with the IRS under EIN 205718924. It is classified under NTEE code T20.
How many years of IRS 990 filings does Theodores Family Foundation have?
Theodores 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 $2K in total revenue.
What is the primary purpose or program activity of Theodores Family Foundation?
Given the NTEE code T20 (Private Grantmaking Foundations) and the minimal financial activity, it likely serves as a small grantmaking vehicle, though specific program details are not evident from the provided financial data.
Why does the organization consistently report only $1 in assets and liabilities?
This is highly unusual for any organization. It could indicate that the foundation acts purely as a pass-through for funds, with no significant retained capital, or that its accounting practices are highly simplified for its small scale.
Is Theodores Family Foundation financially sustainable?
With revenue consistently matching expenses (e.g., $1,744 revenue and $1,744 expenses in 202212) and no significant asset base, the organization appears to operate on a year-to-year basis, relying on consistent, albeit small, annual contributions to cover its minimal expenses.
Filing History
IRS 990 filing history for Theodores Family Foundation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2022), Theodores Family Foundation's revenue has declined by 23%, moving from $2K to $2K. Total assets increased by 0% over the same period, from $1 to $1. Total functional expenses fell by 23.1%, from $2K to $2K. In its most recent filing year (2022), Theodores Family Foundation reported a surplus of $0, with revenue exceeding expenses. The organization holds $1 in liabilities against $1 in assets (debt-to-asset ratio: 100.0%), resulting in net assets of $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $2K | $2K | $1 | $1 | — | — |
| 2021 | $1 | $327 | $1 | $1 | — | — |
| 2020 | $1K | $1K | $1 | $1 | — | — |
| 2019 | $2K | $2K | $1 | $1 | — | View 990 |
| 2015 | $2K | $2K | $1 | $1 | — | View 990 |
| 2014 | $2K | $2K | $1 | $1 | — | View 990 |
| 2013 | $2K | $2K | $1 | $1 | — | View 990 |
| 2012 | $2K | $2K | $1 | $1 | — | View 990 |
| 2011 | $2K | $2K | $1 | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $2K, expenses of $2K, and assets of $1 (revenue +174300.0% year-over-year).
- 2021: Revenue of $1, expenses of $327, and assets of $1 (revenue -99.9% year-over-year).
- 2020: Revenue of $1K, expenses of $1K, and assets of $1 (revenue -8.4% year-over-year).
- 2019: Revenue of $2K, expenses of $2K, and assets of $1 (revenue -22.3% year-over-year).
- 2015: Revenue of $2K, expenses of $2K, and assets of $1 (revenue -4.7% year-over-year).
- 2014: Revenue of $2K, expenses of $2K, and assets of $1 (revenue -0.9% year-over-year).
- 2013: Revenue of $2K, expenses of $2K, and assets of $1 (revenue +3.7% year-over-year).
- 2012: Revenue of $2K, expenses of $2K, and assets of $1 (revenue -5.3% year-over-year).
- 2011: Revenue of $2K, expenses of $2K, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Theodores Family Foundation:
Data Sources and Methodology
This transparency report for Theodores 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.