Is David A Steinberg Family Foundation Legit?

The David A Steinberg Family Foundation demonstrates a consistent commitment to its programmatic mission, as evidenced by its financial filings. Over the past several years, the foundation has maintained a healthy asset base, with assets reported at $3,434,424 in 2023 and $3,340,862 in 2022. While revenue has fluctuated, notably with $1,035,537 in 2023 and $1,883,861 in 2022, the organization has generally managed its expenses in relation to its income, though 2023 saw expenses ($1,355,452) exceed revenue. The foundation's transparency is bolstered by its consistent filing of IRS Form 990s, with 15 filings available, indicating a commitment to public disclosure. The foundation's spending efficiency appears strong, particularly given the reported 0% officer compensation across all available filings. This suggests that administrative costs related to executive salaries are non-existent, allowing more funds to be directed towards its charitable activities. While a detailed breakdown of program, administrative, and fundraising expenses isn't explicitly provided in the summary data, the absence of officer compensation is a positive indicator for efficiency. The foundation's liabilities have consistently been very low, often $1 or $0, which points to sound financial management and minimal debt burden. Overall, the David A Steinberg Family Foundation appears to be a financially stable and transparent organization. Its consistent asset base, low liabilities, and zero reported officer compensation are strong indicators of good financial health and a focus on its mission. The fluctuations in revenue and expenses are typical for foundations that rely on investment returns and donor contributions, but the long-term trend shows a well-managed entity.