Ulm Family Foundation Inc

Ulm Family Foundation shows fluctuating revenue and asset decline, with no reported officer compensation.

EIN: 205745473 · Watkinsville, GA · NTEE: T20 · Updated: 2026-03-28

$17.5MRevenue

$8.7MAssets

75/100Mission Score (Good)

T20

About Ulm Family Foundation Inc

Ulm Family Foundation Inc (EIN: 205745473) is a nonprofit organization based in Watkinsville, GA, classified under NTEE code T20. The organization reported total revenue of $17.5M and total assets of $8.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ulm Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Ulm Family Foundation Inc. demonstrates a consistent pattern of low administrative and fundraising costs, as evidenced by the 0% officer compensation reported across all available filings. This suggests a strong focus on directing resources towards its programmatic goals. However, the foundation has experienced significant fluctuations in its financial performance. For instance, in 2022, expenses of $1,417,044 far exceeded revenue of $153,039, indicating a reliance on prior period assets or other funding sources. Conversely, in 2019, revenue of $3,672,896 significantly outpaced expenses of $482,859. The latest reported revenue of $17,517,034, while not directly tied to a specific expense period in the provided data, suggests a substantial increase in financial activity, which warrants further investigation into how these funds are being utilized and managed.

The foundation's asset base has shown a general decline from $3,897,637 in 2011 to $1,175,737 in 2023, with some intermittent increases. This trend, coupled with periods where expenses outstrip revenue, suggests that the foundation may be drawing down its principal to fund operations. The consistent reporting of minimal liabilities ($0 or $1) indicates a healthy balance sheet in terms of debt, but the overall financial sustainability depends on its ability to generate sufficient revenue to cover expenses and maintain its asset base over the long term. The lack of reported officer compensation is a positive indicator of efficiency and transparency regarding executive pay.

Given the NTEE code T20 (Philanthropy, Voluntarism, and Grantmaking Foundations), the foundation's primary activity is likely grantmaking. A deeper analysis would require examining the program service accomplishments and grant schedules to assess the impact and effectiveness of its spending. The provided data primarily focuses on financial health and efficiency, where the foundation shows strengths in low overhead but also challenges in consistent revenue generation relative to expenses in certain periods.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Ulm Family Foundation Inc with a Mission Score of 75 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: 10%
programs: 90%
fundraising: 0%

According to IRS 990 filings, Ulm Family Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported at 0% across all available filings, indicating that no officers received compensation from the organization, which is highly efficient for an organization of its size.

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 Ulm Family Foundation Inc's IRS 990 filings:

Significant periods where expenses substantially exceed revenue (e.g., 2022 expenses $1,417,044 vs. revenue $153,039).
Consistent decline in total assets over the long term, from $3,897,637 in 2011 to $1,175,737 in 2023, suggesting potential drawdowns of principal.
High variability in annual revenue, making financial planning and consistent program delivery potentially challenging.

Strengths

The following positive indicators were identified for Ulm Family Foundation Inc:

Exceptional efficiency in executive compensation, with 0% reported officer compensation across all filings.
Very low liabilities, consistently reported at $0 or $1, indicating a healthy balance sheet free of significant debt.
The latest reported revenue of $17,517,034 indicates a significant capacity for funding its mission, if sustained.

Frequently Asked Questions about Ulm Family Foundation Inc

Is Ulm Family Foundation Inc. financially sustainable given its fluctuating revenue and declining assets?

The foundation's financial sustainability is a concern due to periods where expenses significantly exceed revenue (e.g., 2022 expenses of $1,417,044 vs. revenue of $153,039) and a general decline in assets from $3,897,637 in 2011 to $1,175,737 in 2023. While the latest reported revenue of $17,517,034 is substantial, its consistency and how it relates to ongoing expenses are critical for long-term viability.

How does the foundation manage its expenses when revenue is low?

In periods of low revenue, such as 2022, where expenses were significantly higher than revenue, the foundation appears to draw upon its existing assets. This is reflected in the overall decline of its asset base over the years.

What is the impact of 0% officer compensation on the organization's operations?

The 0% officer compensation indicates that the foundation is highly efficient in its administrative overhead, as no funds are being used for executive salaries. This suggests that leadership may be voluntary or compensated through other means not reported as officer compensation, allowing more funds to be directed towards its mission.

Filing History

IRS 990 filing history for Ulm Family Foundation Inc showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Ulm Family Foundation Inc's revenue has grown by 103.2%, moving from $107K to $217K. Total assets decreased by 69.8% over the same period, from $3.9M to $1.2M. Total functional expenses fell by 42.9%, from $287K to $164K. In its most recent filing year (2023), Ulm Family Foundation Inc reported a surplus of $53K, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.2M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$217K	$164K	$1.2M	$1	—	—
2022	$153K	$1.4M	$1.1M	$1	—	View 990
2021	$433K	$1.8M	$2.4M	$1	—	View 990
2020	$380K	$1.2M	$3.7M	$1	—	View 990
2019	$3.7M	$483K	$4.5M	$1	—	—
2015	$138K	$1.0M	$2.3M	$0	—	View 990
2014	$202K	$434K	$3.2M	$0	—	View 990
2013	$132K	$324K	$3.5M	$0	—	View 990
2012	$101K	$394K	$3.6M	$0	—	View 990
2011	$107K	$287K	$3.9M	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $217K, expenses of $164K, and assets of $1.2M (revenue +41.9% year-over-year).
2022: Revenue of $153K, expenses of $1.4M, and assets of $1.1M (revenue -64.6% year-over-year).
2021: Revenue of $433K, expenses of $1.8M, and assets of $2.4M (revenue +13.8% year-over-year).
2020: Revenue of $380K, expenses of $1.2M, and assets of $3.7M (revenue -89.6% year-over-year).
2019: Revenue of $3.7M, expenses of $483K, and assets of $4.5M (revenue +2563.3% year-over-year).
2015: Revenue of $138K, expenses of $1.0M, and assets of $2.3M (revenue -31.6% year-over-year).
2014: Revenue of $202K, expenses of $434K, and assets of $3.2M (revenue +52.6% year-over-year).
2013: Revenue of $132K, expenses of $324K, and assets of $3.5M (revenue +30.9% year-over-year).
2012: Revenue of $101K, expenses of $394K, and assets of $3.6M (revenue -5.6% year-over-year).
2011: Revenue of $107K, expenses of $287K, and assets of $3.9M.

Data Sources and Methodology

This transparency report for Ulm Family 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.