Vera And Joseph Dresner Foundationinc
Vera And Joseph Dresner Foundation maintains substantial assets and zero officer compensation amidst fluctuating revenues.
EIN: 205838578 · Detroit, MI · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $15.6M |
| Total Expenses | $8.5M |
| Program Spending | 90% |
| Net Assets | $148.4M |
| Transparency Score | 85/100 |
Is Vera And Joseph Dresner Foundationinc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Vera And Joseph Dresner Foundationinc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Vera And Joseph Dresner Foundationinc
Vera And Joseph Dresner Foundationinc (EIN: 205838578) is a nonprofit organization based in Detroit, MI, classified under NTEE code T20. The organization reported total revenue of $15.6M and total assets of $155.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Vera And Joseph Dresner Foundationinc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Vera And Joseph Dresner Foundationinc is a large nonprofit that has been operating for 17 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.8M |
| Total Expenses | $8.5M |
| Surplus / Deficit | $-2,672,238 |
| Total Assets | $148.4M |
| Total Liabilities | $469 |
| Net Assets | $148.4M |
| Operating Margin | -45.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 209.6 months |
Financial Health Grade: B
In 2023, Vera And Joseph Dresner Foundationinc reported a deficit of $2.7M with expenses exceeding revenue, holds 209.6 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), Vera And Joseph Dresner Foundationinc's revenue has grown at a compound annual growth rate (CAGR) of 12.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -38.2% | -4.3% | +5.1% |
| 2022 | -27.0% | +4.5% | -11.8% |
| 2021 | +431.0% | +12.2% | +2.7% |
| 2020 | -58.4% | -11.4% | +4.1% |
| 2019 | -60.2% | +33.9% | +1.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
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 Vera And Joseph Dresner Foundationinc with a Mission Score of 85 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Vera And Joseph Dresner Foundationinc allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. 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 deficit of $2.7M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of its size and asset base. This suggests either a fully volunteer-led executive team or that executive functions are handled by an external entity or staff not classified as officers.
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 Vera And Joseph Dresner Foundationinc's IRS 990 filings:
- Lack of clarity on how executive functions are compensated given 0% officer compensation, which could indicate a reliance on external entities or unclassified staff.
Strengths
The following positive indicators were identified for Vera And Joseph Dresner Foundationinc:
- Strong and growing asset base, reaching $148,378,898 in 2023, providing long-term stability.
- Consistently low liabilities, indicating excellent financial health and minimal debt.
- Zero officer compensation reported, suggesting a highly efficient use of funds at the executive level.
- Sustained high expense levels (e.g., $8,495,641 in 2023) indicate active grant-making and program support.
Frequently Asked Questions about Vera And Joseph Dresner Foundationinc
Is Vera And Joseph Dresner Foundationinc a legitimate charity?
Based on AI analysis of IRS 990 filings, Vera And Joseph Dresner Foundationinc (EIN: 205838578) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Vera And Joseph Dresner Foundationinc spend its money?
Vera And Joseph Dresner Foundationinc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Vera And Joseph Dresner Foundationinc tax-deductible?
Vera And Joseph Dresner Foundationinc is registered as a tax-exempt nonprofit (EIN: 205838578). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Vera And Joseph Dresner Foundationinc's spending goes to programs?
Vera And Joseph Dresner Foundationinc directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Vera And Joseph Dresner Foundationinc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Vera And Joseph Dresner Foundationinc 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 Vera And Joseph Dresner Foundationinc located?
Vera And Joseph Dresner Foundationinc is headquartered in Detroit, Michigan and files with the IRS under EIN 205838578. It is classified under NTEE code T20.
How many years of IRS 990 filings does Vera And Joseph Dresner Foundationinc have?
Vera And Joseph Dresner Foundationinc 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 $15.6M in total revenue.
How does the foundation manage its operations without officer compensation?
The consistent reporting of 0% officer compensation suggests that executive leadership may be entirely volunteer-based, or that administrative and executive functions are outsourced or handled by staff not categorized as officers on the 990 form. Further investigation into their operational structure would be needed to fully understand this.
What is the trend in the foundation's grant-making activities?
While specific grant amounts are not provided in the summary, the 'Expenses' figures, which include grants, have been consistently high, ranging from $638,620 in 2012 to $8,495,641 in 2023, indicating a sustained level of philanthropic activity relative to its asset base.
Is the significant fluctuation in revenue a concern?
For a foundation, fluctuating revenue, especially from investment returns or large one-time contributions, is common. Given the stable and growing asset base (from $1,501,826 in 2011 to $148,378,898 in 2023), these fluctuations do not appear to compromise the foundation's long-term financial health or ability to fulfill its mission.
Filing History
IRS 990 filing history for Vera And Joseph Dresner Foundationinc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Vera And Joseph Dresner Foundationinc's revenue has grown by 287.8%, moving from $1.5M to $5.8M. Total assets increased by 9779.9% over the same period, from $1.5M to $148.4M. In its most recent filing year (2023), Vera And Joseph Dresner Foundationinc reported a deficit of $2.7M, with expenses exceeding revenue. The organization holds $469 in liabilities against $148.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $148.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.8M | $8.5M | $148.4M | $469 | — | View 990 |
| 2022 | $9.4M | $8.9M | $141.1M | $1K | — | View 990 |
| 2021 | $12.9M | $8.5M | $160.0M | $1 | — | View 990 |
| 2020 | $2.4M | $7.6M | $155.8M | $6K | — | View 990 |
| 2019 | $5.8M | $8.5M | $149.7M | $41K | — | View 990 |
| 2015 | $14.7M | $6.4M | $147.8M | $51K | — | View 990 |
| 2014 | $8.4M | $8.6M | $142.1M | $66K | — | View 990 |
| 2013 | $60.0M | $3.7M | $140.3M | $62K | — | View 990 |
| 2012 | $73.9M | $639K | $78.5M | $20K | — | View 990 |
| 2011 | $1.5M | $0 | $1.5M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.8M, expenses of $8.5M, and assets of $148.4M (revenue -38.2% year-over-year).
- 2022: Revenue of $9.4M, expenses of $8.9M, and assets of $141.1M (revenue -27.0% year-over-year).
- 2021: Revenue of $12.9M, expenses of $8.5M, and assets of $160.0M (revenue +431.0% year-over-year).
- 2020: Revenue of $2.4M, expenses of $7.6M, and assets of $155.8M (revenue -58.4% year-over-year).
- 2019: Revenue of $5.8M, expenses of $8.5M, and assets of $149.7M (revenue -60.2% year-over-year).
- 2015: Revenue of $14.7M, expenses of $6.4M, and assets of $147.8M (revenue +74.6% year-over-year).
- 2014: Revenue of $8.4M, expenses of $8.6M, and assets of $142.1M (revenue -86.0% year-over-year).
- 2013: Revenue of $60.0M, expenses of $3.7M, and assets of $140.3M (revenue -18.8% year-over-year).
- 2012: Revenue of $73.9M, expenses of $639K, and assets of $78.5M (revenue +4820.2% year-over-year).
- 2011: Revenue of $1.5M, expenses of $0, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Vera And Joseph Dresner Foundationinc:
Data Sources and Methodology
This transparency report for Vera And Joseph Dresner Foundationinc 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.