Wagner Braunsberg Family Foundation Inc
Wagner Braunsberg Family Foundation Inc consistently operates at a deficit, drawing down assets despite zero executive compensation.
EIN: 113373671 · Rockville, MD · NTEE: T20J · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $512K |
| Total Expenses | $336K |
| Program Spending | 85% |
| Net Assets | $2.3M |
| Transparency Score | 80/100 |
Is Wagner Braunsberg Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wagner Braunsberg Family Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wagner Braunsberg Family Foundation Inc
Wagner Braunsberg Family Foundation Inc (EIN: 113373671) is a nonprofit organization based in Rockville, MD, classified under NTEE code T20J. The organization reported total revenue of $512K and total assets of $2.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wagner Braunsberg Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wagner Braunsberg Family Foundation Inc is a small nonprofit that has been operating for 29 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $280K |
| Total Expenses | $336K |
| Surplus / Deficit | $-56,566 |
| Total Assets | $2.3M |
| Total Liabilities | $4K |
| Net Assets | $2.3M |
| Operating Margin | -20.2% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 81.0 months |
Financial Health Grade: B
In 2023, Wagner Braunsberg Family Foundation Inc reported a deficit of $57K with expenses exceeding revenue, holds 81.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Wagner Braunsberg Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +18.8% | +22.2% | -2.6% |
| 2022 | -30.6% | -9.2% | -1.7% |
| 2021 | +205.6% | +22.6% | +1.3% |
| 2020 | -35.2% | -1.6% | -5.4% |
| 2019 | -48.3% | -0.9% | -9.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
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 Wagner Braunsberg Family Foundation Inc with a Mission Score of 80 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: 15%
- programs: 85%
- fundraising: 0%
According to IRS 990 filings, Wagner Braunsberg Family Foundation Inc allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. With 85% 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 $57K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly commendable for a nonprofit of this size and suggests a volunteer-led or very lean operational model.
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 Wagner Braunsberg Family Foundation Inc's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., 2023, 2022, 2020, 2019, 2011) indicate spending exceeds revenue.
- Gradual decline in total assets from $2,747,651 in 2015 to $2,179,018 currently, suggesting a spend-down of reserves.
Strengths
The following positive indicators were identified for Wagner Braunsberg Family Foundation Inc:
- Zero officer compensation reported across all filings, indicating highly efficient use of funds and dedication to mission.
- Strong asset base of over $2 million, providing a significant financial cushion.
- Consistent filing history demonstrates strong transparency and compliance with IRS regulations.
Frequently Asked Questions about Wagner Braunsberg Family Foundation Inc
Is Wagner Braunsberg Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Wagner Braunsberg Family Foundation Inc (EIN: 113373671) some concerns. Mission Score: 80/100. 2 red flags identified, 3 strengths noted.
How does Wagner Braunsberg Family Foundation Inc spend its money?
Wagner Braunsberg Family Foundation Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Wagner Braunsberg Family Foundation Inc tax-deductible?
Wagner Braunsberg Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 113373671). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Wagner Braunsberg Family Foundation Inc compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Wagner Braunsberg Family Foundation Inc is above average for NTEE category T20J nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Wagner Braunsberg Family Foundation Inc located?
Wagner Braunsberg Family Foundation Inc is headquartered in Rockville, Maryland and files with the IRS under EIN 113373671. It is classified under NTEE code T20J.
How many years of IRS 990 filings does Wagner Braunsberg Family Foundation Inc have?
Wagner Braunsberg Family 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 $512K in total revenue.
Is the Wagner Braunsberg Family Foundation Inc financially sustainable given its recent operating deficits?
The foundation has experienced operating deficits in recent years (e.g., $56,566 in 2023 and $39,829 in 2022), leading to a gradual decline in assets from $2,747,651 in 2015 to $2,179,018 currently. While it has a substantial asset base, continued deficits without increased revenue could impact long-term sustainability.
What is the primary source of the foundation's revenue?
The provided data only shows total revenue figures, which fluctuate significantly year-to-year (e.g., $111,067 in 2020 vs. $339,438 in 2021). Without detailed 990 forms, the specific breakdown of revenue sources (e.g., contributions, investment income) cannot be determined.
How does the lack of officer compensation impact the foundation's operations?
The consistent absence of officer compensation (0%) suggests a highly efficient and likely volunteer-driven leadership structure. This allows a greater proportion of funds to be directed towards the foundation's mission, reducing administrative overhead related to salaries.
Filing History
IRS 990 filing history for Wagner Braunsberg Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Wagner Braunsberg Family Foundation Inc's revenue has grown by 128.2%, moving from $123K to $280K. Total assets decreased by 9.2% over the same period, from $2.5M to $2.3M. Total functional expenses rose by 108.3%, from $162K to $336K. In its most recent filing year (2023), Wagner Braunsberg Family Foundation Inc reported a deficit of $57K, with expenses exceeding revenue. The organization holds $4K in liabilities against $2.3M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $2.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $280K | $336K | $2.3M | $4K | — | View 990 |
| 2022 | $236K | $275K | $2.3M | $7K | — | View 990 |
| 2021 | $339K | $303K | $2.4M | $3K | — | View 990 |
| 2020 | $111K | $247K | $2.3M | $6K | — | — |
| 2019 | $171K | $251K | $2.5M | $3K | — | — |
| 2015 | $331K | $254K | $2.7M | $3K | — | View 990 |
| 2014 | $161K | $167K | $2.7M | $5K | — | View 990 |
| 2013 | $262K | $162K | $2.7M | $0 | — | View 990 |
| 2012 | $205K | $128K | $2.6M | $0 | — | View 990 |
| 2011 | $123K | $162K | $2.5M | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $280K, expenses of $336K, and assets of $2.3M (revenue +18.8% year-over-year).
- 2022: Revenue of $236K, expenses of $275K, and assets of $2.3M (revenue -30.6% year-over-year).
- 2021: Revenue of $339K, expenses of $303K, and assets of $2.4M (revenue +205.6% year-over-year).
- 2020: Revenue of $111K, expenses of $247K, and assets of $2.3M (revenue -35.2% year-over-year).
- 2019: Revenue of $171K, expenses of $251K, and assets of $2.5M (revenue -48.3% year-over-year).
- 2015: Revenue of $331K, expenses of $254K, and assets of $2.7M (revenue +105.1% year-over-year).
- 2014: Revenue of $161K, expenses of $167K, and assets of $2.7M (revenue -38.5% year-over-year).
- 2013: Revenue of $262K, expenses of $162K, and assets of $2.7M (revenue +27.8% year-over-year).
- 2012: Revenue of $205K, expenses of $128K, and assets of $2.6M (revenue +67.3% year-over-year).
- 2011: Revenue of $123K, expenses of $162K, and assets of $2.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wagner Braunsberg Family Foundation Inc:
Data Sources and Methodology
This transparency report for Wagner Braunsberg 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.