Weismann Foundation
Weismann Foundation maintains over $1 million in assets despite highly volatile and often negative annual revenues.
EIN: 203969985 · Westport, CT · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $11K |
| Total Expenses | $81K |
| Program Spending | 70% |
| Net Assets | $1.1M |
| Transparency Score | 75/100 |
Is Weismann Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Weismann Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Weismann Foundation
Weismann Foundation (EIN: 203969985) is a nonprofit organization based in Westport, CT, classified under NTEE code T20. The organization reported total revenue of $11K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Weismann Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Weismann Foundation is a micro nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -13.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7K |
| Total Expenses | $81K |
| Surplus / Deficit | $-74,518 |
| Total Assets | $1.1M |
| Total Liabilities | $1 |
| Net Assets | $1.1M |
| Operating Margin | -1078.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 168.6 months |
Financial Health Grade: B
In 2023, Weismann Foundation reported a deficit of $75K with expenses exceeding revenue, holds 168.6 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), Weismann Foundation's revenue has declined at a compound annual growth rate (CAGR) of -13.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -90.5% | +4.3% | -6.1% |
| 2022 | -74.9% | +25.8% | -0.4% |
| 2021 | +837.0% | -11.1% | +23.0% |
| 2020 | -60.9% | -18.1% | -3.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Weismann Foundation 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Weismann Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $75K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Weismann Foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its executives, which is highly efficient for a foundation of its asset 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 Weismann Foundation's IRS 990 filings:
- Highly volatile and often negative annual revenue, requiring reliance on asset drawdowns.
- Expenses frequently exceed revenue, as seen in 2023 ($81,427 expenses vs. $6,909 revenue), indicating a consistent draw on assets.
Strengths
The following positive indicators were identified for Weismann Foundation:
- Consistently maintains over $1 million in assets, providing financial stability.
- Reports 0% officer compensation across all filings, demonstrating excellent executive compensation efficiency.
- Extremely low liabilities, often reported as $1, indicating a very strong balance sheet with minimal debt.
Frequently Asked Questions about Weismann Foundation
Is Weismann Foundation a legitimate charity?
Weismann Foundation (EIN: 203969985) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $11K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Weismann Foundation spend its money?
Weismann Foundation directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Weismann Foundation tax-deductible?
Weismann Foundation is registered as a tax-exempt nonprofit (EIN: 203969985). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Weismann Foundation's spending goes to programs?
Weismann Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Weismann Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Weismann Foundation 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 Weismann Foundation located?
Weismann Foundation is headquartered in Westport, Connecticut and files with the IRS under EIN 203969985. It is classified under NTEE code T20.
How many years of IRS 990 filings does Weismann Foundation have?
Weismann Foundation 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 $11K in total revenue.
Is Weismann Foundation a good charity?
The Weismann Foundation operates more like a private foundation or endowment given its NTEE code T20, consistent asset base over $1 million, and often low or negative annual revenue. It demonstrates strong financial stewardship by reporting 0% officer compensation and minimal liabilities. Its 'goodness' depends on its grantmaking impact, which isn't detailed in these financial summaries, but its operational efficiency is high.
Why is the revenue so inconsistent?
Revenue for the Weismann Foundation is highly inconsistent, ranging from a negative $98,966 in 2015 to a high of $290,665 in 2021. This volatility is common for foundations that might receive large, infrequent contributions, or whose revenue is tied to investment performance, which can fluctuate significantly year-to-year.
How does the organization cover its expenses with such low revenue?
The organization frequently incurs expenses that exceed its annual revenue, for example, $81,427 in expenses against $6,909 in revenue in 2023. This is possible because the foundation maintains a substantial asset base, consistently over $1 million, allowing it to draw down from its principal or investment gains to cover operational costs and grantmaking in years with low or negative revenue.
What are the liabilities of the organization?
The Weismann Foundation consistently reports extremely low liabilities, often just $1 across multiple years (e.g., 2023, 2022, 2021). This indicates a very strong financial position with virtually no debt, though the consistent $1 figure is unusual and might represent a nominal reporting practice.
Filing History
IRS 990 filing history for Weismann Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Weismann Foundation's revenue has declined by 82.4%, moving from $39K to $7K. Total assets decreased by 5.6% over the same period, from $1.2M to $1.1M. Total functional expenses rose by 80%, from $45K to $81K. In its most recent filing year (2023), Weismann Foundation reported a deficit of $75K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7K | $81K | $1.1M | $1 | — | — |
| 2022 | $73K | $78K | $1.2M | $1 | — | View 990 |
| 2021 | $291K | $62K | $1.2M | $1 | — | View 990 |
| 2020 | $31K | $70K | $995K | $1 | — | — |
| 2019 | $79K | $85K | $1.0M | $1 | — | View 990 |
| 2015 | $-98,966 | $83K | $1.0M | $1 | — | View 990 |
| 2014 | $39K | $110K | $1.2M | $4K | — | View 990 |
| 2013 | $86K | $62K | $1.3M | $1 | — | View 990 |
| 2012 | $183K | $53K | $1.4M | $140K | — | View 990 |
| 2011 | $39K | $45K | $1.2M | $98K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7K, expenses of $81K, and assets of $1.1M (revenue -90.5% year-over-year).
- 2022: Revenue of $73K, expenses of $78K, and assets of $1.2M (revenue -74.9% year-over-year).
- 2021: Revenue of $291K, expenses of $62K, and assets of $1.2M (revenue +837.0% year-over-year).
- 2020: Revenue of $31K, expenses of $70K, and assets of $995K (revenue -60.9% year-over-year).
- 2019: Revenue of $79K, expenses of $85K, and assets of $1.0M.
- 2015: Revenue of $-98,966, expenses of $83K, and assets of $1.0M (revenue -350.8% year-over-year).
- 2014: Revenue of $39K, expenses of $110K, and assets of $1.2M (revenue -54.3% year-over-year).
- 2013: Revenue of $86K, expenses of $62K, and assets of $1.3M (revenue -52.8% year-over-year).
- 2012: Revenue of $183K, expenses of $53K, and assets of $1.4M (revenue +366.4% year-over-year).
- 2011: Revenue of $39K, expenses of $45K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Weismann Foundation:
Data Sources and Methodology
This transparency report for Weismann Foundation 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.