William & Elaine Kaplan Family Charitable Foundation
Kaplan Family Foundation: Strong Asset Growth, Minimal Public Disclosure
EIN: 222470361 · Newburgh, NY · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $12.5M |
| Total Expenses | $5.0M |
| Program Spending | 90% |
| Net Assets | $52.1M |
| Transparency Score | 65/100 |
Is William & Elaine Kaplan Family Charitable Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
William & Elaine Kaplan Family Charitable Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About William & Elaine Kaplan Family Charitable Foundation
William & Elaine Kaplan Family Charitable Foundation (EIN: 222470361) is a nonprofit organization based in Newburgh, NY. The organization reported total revenue of $12.5M and total assets of $50.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of William & Elaine Kaplan Family Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
William & Elaine Kaplan Family Charitable Foundation is a large nonprofit that has been operating for 43 years, with 12 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 0.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $5.0M |
| Surplus / Deficit | $-3,886,912 |
| Total Assets | $52.1M |
| Total Liabilities | $1 |
| Net Assets | $52.1M |
| Operating Margin | -362.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 126.0 months |
Financial Health Grade: B
In 2023, William & Elaine Kaplan Family Charitable Foundation reported a deficit of $3.9M with expenses exceeding revenue, holds 126.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 12 years of filings (2010–2023), William & Elaine Kaplan Family Charitable Foundation's revenue has grown at a compound annual growth rate (CAGR) of 0.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -39.5% | -15.4% | -6.9% |
| 2022 | -87.6% | +53.3% | -6.8% |
| 2021 | +538.4% | +4.1% | +21.1% |
| 2020 | -16.9% | +21.6% | -2.8% |
| 2019 | +6.7% | -28.3% | +6.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
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 William & Elaine Kaplan Family Charitable Foundation with a Mission Score of 65 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, William & Elaine Kaplan Family Charitable Foundation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 $3.9M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is not reported in the available filings, indicating that the foundation likely operates with unpaid or volunteer leadership, or compensation falls below reporting thresholds.
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 William & Elaine Kaplan Family Charitable Foundation's IRS 990 filings:
- Lack of public website or detailed program information beyond basic IRS filings.
- Limited transparency regarding specific grant recipients and impact metrics.
- Significant fluctuations in reported revenue, from $1,073,185 in 2023 to $14,271,084 in 2021, without clear public explanation.
Strengths
The following positive indicators were identified for William & Elaine Kaplan Family Charitable Foundation:
- Consistent asset growth over several years, from $13,314,887 in 2014 to $52,064,945 in 2023.
- Low reported expenses relative to assets, suggesting efficient operations.
- Likely volunteer or minimally compensated leadership, indicating a focus on mission over administrative overhead.
Frequently Asked Questions about William & Elaine Kaplan Family Charitable Foundation
Is William & Elaine Kaplan Family Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, William & Elaine Kaplan Family Charitable Foundation (EIN: 222470361) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does William & Elaine Kaplan Family Charitable Foundation spend its money?
William & Elaine Kaplan Family Charitable Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to William & Elaine Kaplan Family Charitable Foundation tax-deductible?
William & Elaine Kaplan Family Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 222470361). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of William & Elaine Kaplan Family Charitable Foundation's spending goes to programs?
William & Elaine Kaplan Family Charitable Foundation directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is William & Elaine Kaplan Family Charitable Foundation located?
William & Elaine Kaplan Family Charitable Foundation is headquartered in Newburgh, New York and files with the IRS under EIN 222470361.
How many years of IRS 990 filings does William & Elaine Kaplan Family Charitable Foundation have?
William & Elaine Kaplan Family Charitable Foundation has 12 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 $12.5M in total revenue.
What does William & Elaine Kaplan Family Charitable Foundation do?
William & Elaine Kaplan Family Charitable Foundation is a nonprofit organization in the Unknown sector, located in Newburgh, New York. It is classified under NTEE code Unknown.
How much revenue does William & Elaine Kaplan Family Charitable Foundation have?
William & Elaine Kaplan Family Charitable Foundation reported total revenue of $12,458,692. Based on 12 IRS 990 filings on record.
What are William & Elaine Kaplan Family Charitable Foundation's total assets?
William & Elaine Kaplan Family Charitable Foundation holds total assets of $49,957,003 as reported in IRS 990 filings.
Where is William & Elaine Kaplan Family Charitable Foundation located?
William & Elaine Kaplan Family Charitable Foundation is based in Newburgh, New York.
What is William & Elaine Kaplan Family Charitable Foundation's EIN?
William & Elaine Kaplan Family Charitable Foundation's Employer Identification Number (EIN) is 222470361. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is William & Elaine Kaplan Family Charitable Foundation?
William & Elaine Kaplan Family Charitable Foundation is classified under NTEE code Unknown (Unknown).
Is William & Elaine Kaplan Family Charitable Foundation a registered 501(c)(3)?
William & Elaine Kaplan Family Charitable Foundation appears in IRS records (EIN: 222470361). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does William & Elaine Kaplan Family Charitable Foundation file IRS Form 990?
Yes, William & Elaine Kaplan Family Charitable Foundation has 12 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was William & Elaine Kaplan Family Charitable Foundation's revenue in 2023?
In the 202312 filing period, William & Elaine Kaplan Family Charitable Foundation reported total revenue of $1,073,185, total expenses of $4,960,097, and net assets of $52,064,945.
Is William & Elaine Kaplan Family Charitable Foundation's revenue growing or declining?
William & Elaine Kaplan Family Charitable Foundation's revenue is declining. Revenue went from $1,775,079 (202212) to $1,073,185 (202312), a -39.5% change. Based on 12 filings on record.
What is William & Elaine Kaplan Family Charitable Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for William & Elaine Kaplan Family Charitable Foundation covers tax period 202312. It shows revenue of $1,073,185, expenses of $4,960,097, total assets of $52,064,945, and liabilities of $1.
How much does William & Elaine Kaplan Family Charitable Foundation spend on programs vs administration?
Based on IRS 990 analysis, William & Elaine Kaplan Family Charitable Foundation allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is William & Elaine Kaplan Family Charitable Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, William & Elaine Kaplan Family Charitable Foundation shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for William & Elaine Kaplan Family Charitable Foundation?
The following concerns were identified: Lack of public website or detailed program information beyond basic IRS filings.. Limited transparency regarding specific grant recipients and impact metrics.. Significant fluctuations in reported revenue, from $1,073,185 in 2023 to $14,271,084 in 2021, without clear public explanation.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are William & Elaine Kaplan Family Charitable Foundation's strengths?
Positive indicators for William & Elaine Kaplan Family Charitable Foundation include: Consistent asset growth over several years, from $13,314,887 in 2014 to $52,064,945 in 2023.. Low reported expenses relative to assets, suggesting efficient operations.. Likely volunteer or minimally compensated leadership, indicating a focus on mission over administrative overhead.. These findings are derived from AI analysis of the organization's financial filings.
How does William & Elaine Kaplan Family Charitable Foundation compensate executives?
Executive compensation is not reported in the available filings, indicating that the foundation likely operates with unpaid or volunteer leadership, or compensation falls below reporting thresholds. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is William & Elaine Kaplan Family Charitable Foundation?
• The foundation's website is not readily available, limiting public access to detailed program information and financial specifics beyond IRS filings. • No clear public transparency report or annual impact statement was found, making it difficult to assess specific grant outcomes. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the substantial asset base and consistent growth, what is the foundation's long-term strategy for grantmaking and impact, especially without a public-facing platform?
Without a public website or detailed program descriptions, the foundation's specific long-term grantmaking strategy and impact areas remain unclear. The focus appears to be on private philanthropy, with grants likely directed to specific, pre-identified beneficiaries.
How does the foundation ensure accountability and demonstrate its impact to stakeholders without public transparency reports or a detailed online presence?
Accountability likely relies on direct communication with grant recipients and internal governance. The absence of public reports suggests a model where external public demonstration of impact is not a primary focus, possibly due to the nature of its funding or specific donor intent.
Filing History
IRS 990 filing history for William & Elaine Kaplan Family Charitable Foundation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2010–2023), William & Elaine Kaplan Family Charitable Foundation's revenue has grown by 4.1%, moving from $1.0M to $1.1M. Total assets increased by 204.9% over the same period, from $17.1M to $52.1M. Total functional expenses rose by 8551.1%, from $57K to $5.0M. In its most recent filing year (2023), William & Elaine Kaplan Family Charitable Foundation reported a deficit of $3.9M, with expenses exceeding revenue. The organization holds $1 in liabilities against $52.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $52.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $5.0M | $52.1M | $1 | — | — |
| 2022 | $1.8M | $5.9M | $56.0M | $1 | — | View 990 |
| 2021 | $14.3M | $3.8M | $60.0M | $1 | — | View 990 |
| 2020 | $2.2M | $3.7M | $49.6M | $1 | — | View 990 |
| 2019 | $2.7M | $3.0M | $51.0M | $1 | — | View 990 |
| 2017 | $2.5M | $4.2M | $48.1M | $0 | — | — |
| 2015 | $1.6M | $1.9M | $39.3M | $0 | — | View 990 |
| 2014 | $1.2M | $3.0M | $13.3M | $0 | — | View 990 |
| 2013 | $816K | $1.4M | $15.1M | $0 | — | View 990 |
| 2012 | $506K | $1.3M | $15.7M | $0 | — | View 990 |
| 2011 | $706K | $821K | $16.4M | $0 | — | View 990 |
| 2010 | $1.0M | $57K | $17.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $5.0M, and assets of $52.1M (revenue -39.5% year-over-year).
- 2022: Revenue of $1.8M, expenses of $5.9M, and assets of $56.0M (revenue -87.6% year-over-year).
- 2021: Revenue of $14.3M, expenses of $3.8M, and assets of $60.0M (revenue +538.4% year-over-year).
- 2020: Revenue of $2.2M, expenses of $3.7M, and assets of $49.6M (revenue -16.9% year-over-year).
- 2019: Revenue of $2.7M, expenses of $3.0M, and assets of $51.0M (revenue +6.7% year-over-year).
- 2017: Revenue of $2.5M, expenses of $4.2M, and assets of $48.1M (revenue +55.3% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.9M, and assets of $39.3M (revenue +34.9% year-over-year).
- 2014: Revenue of $1.2M, expenses of $3.0M, and assets of $13.3M (revenue +47.3% year-over-year).
- 2013: Revenue of $816K, expenses of $1.4M, and assets of $15.1M (revenue +61.2% year-over-year).
- 2012: Revenue of $506K, expenses of $1.3M, and assets of $15.7M (revenue -28.2% year-over-year).
- 2011: Revenue of $706K, expenses of $821K, and assets of $16.4M (revenue -31.5% year-over-year).
- 2010: Revenue of $1.0M, expenses of $57K, and assets of $17.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for William & Elaine Kaplan Family Charitable Foundation:
Data Sources and Methodology
This transparency report for William & Elaine Kaplan Family Charitable 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.