Thomas L Kempner Jr Foundation Inc
Thomas L Kempner Jr Foundation consistently distributes grants exceeding annual revenue, maintaining substantial assets with no reported officer compensation.
EIN: 133407819 · Southampton, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $32.6M |
| Total Expenses | $19.6M |
| Program Spending | 95% |
| Net Assets | $305.8M |
| Transparency Score | 90/100 |
Is Thomas L Kempner Jr Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Thomas L Kempner Jr Foundation Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Thomas L Kempner Jr Foundation Inc
Thomas L Kempner Jr Foundation Inc (EIN: 133407819) is a nonprofit organization based in Southampton, NY. The organization reported total revenue of $32.6M and total assets of $326.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Thomas L Kempner Jr Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Thomas L Kempner Jr Foundation Inc is a large nonprofit that has been operating for 39 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -6.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.2M |
| Total Expenses | $19.6M |
| Surplus / Deficit | $-15,422,270 |
| Total Assets | $306.7M |
| Total Liabilities | $871K |
| Net Assets | $305.8M |
| Operating Margin | -369.8% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 187.8 months |
Financial Health Grade: B
In 2023, Thomas L Kempner Jr Foundation Inc reported a deficit of $15.4M with expenses exceeding revenue, holds 187.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Thomas L Kempner Jr Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -6.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +199.2% | +9.7% | -0.4% |
| 2022 | -96.9% | -2.4% | -6.3% |
| 2021 | +94.6% | +55.8% | +15.8% |
| 2020 | +74.8% | -20.6% | +12.1% |
| 2019 | -55.2% | +231.1% | +164.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 Thomas L Kempner Jr Foundation Inc 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: 95%
- fundraising: 0%
According to IRS 990 filings, Thomas L Kempner Jr Foundation Inc allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $15.4M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.3%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers. This is highly favorable, suggesting that administrative costs are extremely low or non-existent in this area, allowing more funds to be directed towards the foundation's programmatic goals.
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 Thomas L Kempner Jr Foundation Inc:
- Consistent 0% officer compensation, indicating highly efficient use of funds.
- Substantial asset base ($326,388,820) providing long-term financial stability.
- History of significant grant distributions, often exceeding annual revenue, demonstrating active philanthropy.
- Strong program focus, with virtually all expenses directed towards charitable activities.
Frequently Asked Questions about Thomas L Kempner Jr Foundation Inc
Is Thomas L Kempner Jr Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Thomas L Kempner Jr Foundation Inc (EIN: 133407819) appears legitimate. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
How does Thomas L Kempner Jr Foundation Inc spend its money?
Thomas L Kempner Jr Foundation Inc directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Thomas L Kempner Jr Foundation Inc tax-deductible?
Thomas L Kempner Jr Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133407819). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Thomas L Kempner Jr Foundation Inc located?
Thomas L Kempner Jr Foundation Inc is headquartered in Southampton, New York and files with the IRS under EIN 133407819.
How many years of IRS 990 filings does Thomas L Kempner Jr Foundation Inc have?
Thomas L Kempner Jr Foundation Inc 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 $32.6M in total revenue.
Is Thomas L Kempner Jr Foundation Inc a good charity?
Based on the available data, the foundation appears to be a highly effective grantmaking organization. Its consistent 0% officer compensation, substantial asset base, and history of significant grant distributions (expenses often exceeding revenue) suggest a strong commitment to its mission and efficient use of funds.
How does the foundation manage to spend more than its revenue in some years?
As a private foundation with a large endowment (assets of $326,388,820), it can draw from its accumulated principal and investment returns to fund grants, especially in years where investment income or contributions are lower than its grantmaking commitments. This is a common practice for endowed foundations.
What is the primary focus of the foundation's spending?
Given its structure as a private foundation and the high expense figures relative to revenue, the primary focus of its spending is almost certainly on program-related grants and distributions to other charitable organizations, aligning with its philanthropic mission.
Are there any concerns about the foundation's financial stability?
No, the foundation appears financially very stable. With assets of $326,388,820 and a history of managing significant distributions, it possesses a robust endowment to support its long-term philanthropic activities.
Filing History
IRS 990 filing history for Thomas L Kempner Jr Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Thomas L Kempner Jr Foundation Inc's revenue has declined by 55%, moving from $9.3M to $4.2M. Total assets increased by 599.8% over the same period, from $43.8M to $306.7M. Total functional expenses rose by 904%, from $2.0M to $19.6M. In its most recent filing year (2023), Thomas L Kempner Jr Foundation Inc reported a deficit of $15.4M, with expenses exceeding revenue. The organization holds $871K in liabilities against $306.7M in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $305.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.2M | $19.6M | $306.7M | $871K | — | View 990 |
| 2022 | $1.4M | $17.9M | $307.8M | $1 | — | View 990 |
| 2021 | $44.8M | $18.3M | $328.4M | $1 | — | View 990 |
| 2020 | $23.0M | $11.7M | $283.5M | $5.3M | — | View 990 |
| 2019 | $13.2M | $14.8M | $253.0M | $2.3M | — | — |
| 2015 | $29.4M | $4.5M | $95.6M | $41K | — | View 990 |
| 2014 | $24.7M | $4.1M | $74.6M | $64K | — | View 990 |
| 2013 | $7.7M | $2.9M | $60.2M | $7K | — | View 990 |
| 2012 | $4.7M | $2.1M | $49.5M | $6K | — | View 990 |
| 2011 | $9.3M | $2.0M | $43.8M | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.2M, expenses of $19.6M, and assets of $306.7M (revenue +199.2% year-over-year).
- 2022: Revenue of $1.4M, expenses of $17.9M, and assets of $307.8M (revenue -96.9% year-over-year).
- 2021: Revenue of $44.8M, expenses of $18.3M, and assets of $328.4M (revenue +94.6% year-over-year).
- 2020: Revenue of $23.0M, expenses of $11.7M, and assets of $283.5M (revenue +74.8% year-over-year).
- 2019: Revenue of $13.2M, expenses of $14.8M, and assets of $253.0M (revenue -55.2% year-over-year).
- 2015: Revenue of $29.4M, expenses of $4.5M, and assets of $95.6M (revenue +19.1% year-over-year).
- 2014: Revenue of $24.7M, expenses of $4.1M, and assets of $74.6M (revenue +222.5% year-over-year).
- 2013: Revenue of $7.7M, expenses of $2.9M, and assets of $60.2M (revenue +61.3% year-over-year).
- 2012: Revenue of $4.7M, expenses of $2.1M, and assets of $49.5M (revenue -48.8% year-over-year).
- 2011: Revenue of $9.3M, expenses of $2.0M, and assets of $43.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Thomas L Kempner Jr Foundation Inc:
Data Sources and Methodology
This transparency report for Thomas L Kempner Jr 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.