Zyne Family Foundation Inc
Zyne Family Foundation consistently reports 0% officer compensation amidst fluctuating revenues and substantial asset growth.
EIN: 208982601 · Birmingham, AL · NTEE: T22 · Updated: 2026-03-28
Is Zyne 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 →
Zyne Family Foundation Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Zyne Family Foundation Inc
Zyne Family Foundation Inc (EIN: 208982601) is a nonprofit organization based in Birmingham, AL, classified under NTEE code T22. The organization reported total revenue of $20.5M and total assets of $24.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Zyne Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Zyne Family Foundation Inc is a large nonprofit that has been operating for 16 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $790K |
| Total Expenses | $1.2M |
| Surplus / Deficit | $-398,216 |
| Total Assets | $21.0M |
| Total Liabilities | $3K |
| Net Assets | $21.0M |
| Operating Margin | -50.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 211.8 months |
Financial Health Grade: B
In 2023, Zyne Family Foundation Inc reported a deficit of $398K with expenses exceeding revenue, holds 211.8 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), Zyne Family Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -27.7% | +29.5% | +4.3% |
| 2022 | +12.6% | +45.1% | -7.8% |
| 2021 | -74.1% | +43.1% | +11.5% |
| 2020 | -71.3% | -28.2% | +23.3% |
| 2019 | +711.0% | +89.3% | +936.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
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 Zyne Family Foundation Inc with a Mission Score of 90 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Zyne Family Foundation Inc allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $398K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers are either uncompensated or compensated through non-reportable means, which is highly favorable for the organization's spending efficiency.
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 Zyne Family Foundation Inc's IRS 990 filings:
- Expenses exceeded revenue in the most recent filing period (202312), though this is common for grantmaking foundations.
Strengths
The following positive indicators were identified for Zyne Family Foundation Inc:
- Consistent 0% officer compensation reported across all filings, indicating high operational efficiency.
- Significant growth in assets over time, from $935,060 in 201112 to $24,199,014 currently.
- Maintains very low liabilities, often reported as $1, demonstrating strong financial health.
- Substantial latest revenue of $20,522,541, indicating significant capacity for philanthropic work.
- Clear focus on grantmaking as a private foundation (NTEE T22).
Frequently Asked Questions about Zyne Family Foundation Inc
Is Zyne Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Zyne Family Foundation Inc (EIN: 208982601) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Zyne Family Foundation Inc spend its money?
Zyne Family Foundation Inc directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Zyne Family Foundation Inc tax-deductible?
Zyne Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 208982601). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Zyne Family Foundation Inc a good charity?
Based on the provided IRS 990 data, the Zyne Family Foundation Inc appears to be a very good charity. It consistently reports 0% officer compensation, indicating high efficiency in directing funds towards its mission. Its assets have grown significantly, and it maintains low liabilities, suggesting strong financial health and responsible management.
How does the foundation manage its expenses relative to its revenue?
The foundation's expenses fluctuate, sometimes exceeding revenue (e.g., 202312: Expenses $1,188,689 vs. Revenue $790,473). This is typical for grantmaking foundations that distribute funds from their asset base, rather than solely from annual income. Over the long term, the foundation has accumulated substantial assets ($24,199,014 latest) while maintaining low liabilities, indicating sound financial management.
What is the trend in the foundation's assets?
The foundation's assets have shown significant growth over time, from $935,060 in 201112 to $24,199,014 currently. This indicates successful asset accumulation and investment, providing a strong base for future grantmaking activities.
Filing History
IRS 990 filing history for Zyne Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Zyne Family Foundation Inc's revenue has declined by 14.4%, moving from $923K to $790K. Total assets increased by 2144.2% over the same period, from $935K to $21.0M. Total functional expenses rose by 5012.9%, from $23K to $1.2M. In its most recent filing year (2023), Zyne Family Foundation Inc reported a deficit of $398K, with expenses exceeding revenue. The organization holds $3K in liabilities against $21.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $21.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $790K | $1.2M | $21.0M | $3K | — | View 990 |
| 2022 | $1.1M | $918K | $20.1M | $1 | — | View 990 |
| 2021 | $970K | $633K | $21.8M | $1 | — | View 990 |
| 2020 | $3.7M | $442K | $19.6M | $1 | — | — |
| 2019 | $13.0M | $616K | $15.9M | $1 | — | — |
| 2015 | $1.6M | $325K | $1.5M | $1 | — | View 990 |
| 2014 | $206K | $668K | $274K | $1 | — | View 990 |
| 2013 | $41K | $177K | $736K | $1 | — | View 990 |
| 2012 | $61K | $78K | $935K | $44K | — | View 990 |
| 2011 | $923K | $23K | $935K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $790K, expenses of $1.2M, and assets of $21.0M (revenue -27.7% year-over-year).
- 2022: Revenue of $1.1M, expenses of $918K, and assets of $20.1M (revenue +12.6% year-over-year).
- 2021: Revenue of $970K, expenses of $633K, and assets of $21.8M (revenue -74.1% year-over-year).
- 2020: Revenue of $3.7M, expenses of $442K, and assets of $19.6M (revenue -71.3% year-over-year).
- 2019: Revenue of $13.0M, expenses of $616K, and assets of $15.9M (revenue +711.0% year-over-year).
- 2015: Revenue of $1.6M, expenses of $325K, and assets of $1.5M (revenue +679.2% year-over-year).
- 2014: Revenue of $206K, expenses of $668K, and assets of $274K (revenue +402.8% year-over-year).
- 2013: Revenue of $41K, expenses of $177K, and assets of $736K (revenue -33.1% year-over-year).
- 2012: Revenue of $61K, expenses of $78K, and assets of $935K (revenue -93.4% year-over-year).
- 2011: Revenue of $923K, expenses of $23K, and assets of $935K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Zyne Family Foundation Inc:
Data Sources and Methodology
This transparency report for Zyne 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.