Thomas B And Robertha K Coleman Foundation Inc
EIN: 562086113 · New Bern, NC · NTEE: T20Z
Is Thomas B And Robertha K Coleman Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Thomas B And Robertha K Coleman Foundation Inc
Thomas B And Robertha K Coleman Foundation Inc (EIN: 562086113) is a nonprofit organization based in New Bern, NC, classified under NTEE code T20Z. The organization reported total revenue of $383K and total assets of $4.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Thomas B And Robertha K Coleman Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Thomas B And Robertha K Coleman Foundation Inc is a small nonprofit that has been operating for 28 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -8.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $36K |
| Total Expenses | $172K |
| Surplus / Deficit | $-136,430 |
| Total Assets | $3.6M |
| Total Liabilities | $1 |
| Net Assets | $3.6M |
| Operating Margin | -380.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 248.4 months |
Financial Health Grade: B
In 2023, Thomas B And Robertha K Coleman Foundation Inc reported a deficit of $136K with expenses exceeding revenue, holds 248.4 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), Thomas B And Robertha K Coleman Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -8.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -65.7% | -23.0% | +21.8% |
| 2022 | -48.1% | +21.5% | -29.8% |
| 2021 | +94.0% | +7.7% | +4.7% |
| 2020 | -24.6% | +3.1% | +24.7% |
| 2019 | -10.2% | +60.4% | +34.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Thomas B And Robertha K Coleman Foundation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Thomas B And Robertha K Coleman Foundation Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $136K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Thomas B And Robertha K Coleman Foundation Inc
Is Thomas B And Robertha K Coleman Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Thomas B And Robertha K Coleman Foundation Inc (EIN: 562086113) insufficient data. 0 red flags identified, 0 strengths noted.
How does Thomas B And Robertha K Coleman Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Thomas B And Robertha K Coleman Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Thomas B And Robertha K Coleman Foundation Inc tax-deductible?
Thomas B And Robertha K Coleman Foundation Inc is registered as a tax-exempt nonprofit (EIN: 562086113). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Thomas B And Robertha K Coleman Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Thomas B And Robertha K Coleman Foundation Inc's revenue has declined by 63.7%, moving from $99K to $36K. Total assets increased by 91.9% over the same period, from $1.9M to $3.6M. Total functional expenses fell by 50.4%, from $348K to $172K. In its most recent filing year (2023), Thomas B And Robertha K Coleman Foundation Inc reported a deficit of $136K, with expenses exceeding revenue. The organization holds $1 in liabilities against $3.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $36K | $172K | $3.6M | $1 | — | View 990 |
| 2022 | $104K | $224K | $2.9M | $1 | — | View 990 |
| 2021 | $201K | $184K | $4.2M | $1 | — | View 990 |
| 2020 | $104K | $171K | $4.0M | $1 | — | — |
| 2019 | $137K | $166K | $3.2M | $1 | — | View 990 |
| 2015 | $153K | $103K | $2.4M | $1 | — | View 990 |
| 2014 | $278K | $111K | $2.6M | $1 | — | View 990 |
| 2013 | $99K | $109K | $2.5M | $1 | — | View 990 |
| 2012 | $89K | $119K | $1.9M | $1 | — | View 990 |
| 2011 | $99K | $348K | $1.9M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $36K, expenses of $172K, and assets of $3.6M (revenue -65.7% year-over-year).
- 2022: Revenue of $104K, expenses of $224K, and assets of $2.9M (revenue -48.1% year-over-year).
- 2021: Revenue of $201K, expenses of $184K, and assets of $4.2M (revenue +94.0% year-over-year).
- 2020: Revenue of $104K, expenses of $171K, and assets of $4.0M (revenue -24.6% year-over-year).
- 2019: Revenue of $137K, expenses of $166K, and assets of $3.2M (revenue -10.2% year-over-year).
- 2015: Revenue of $153K, expenses of $103K, and assets of $2.4M (revenue -44.9% year-over-year).
- 2014: Revenue of $278K, expenses of $111K, and assets of $2.6M (revenue +180.3% year-over-year).
- 2013: Revenue of $99K, expenses of $109K, and assets of $2.5M (revenue +11.6% year-over-year).
- 2012: Revenue of $89K, expenses of $119K, and assets of $1.9M (revenue -10.1% year-over-year).
- 2011: Revenue of $99K, expenses of $348K, and assets of $1.9M.
Data Sources and Methodology
This transparency report for Thomas B And Robertha K Coleman Foundation Inc 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.