Quick charity verification for Eric P Sheinberg Foundation (EIN: 137004291)
Verdict: Eric P Sheinberg Foundation appears trustworthy
85/100Mission Score
$766KRevenue
$10.1MAssets
2Red Flags
4Strengths
Red Flags
Expenses consistently exceeding revenue in recent periods (e.g., $807,552 expenses vs. $458,530 revenue in 202406), though this is common for foundations drawing on endowments.
Consistent reporting of $1 in liabilities across multiple years, which is an unusual and potentially unclear reporting practice.
Strengths
Substantial and stable asset base, consistently over $10 million, providing long-term financial security.
Consistent reporting of 0% officer compensation, indicating highly efficient administrative spending at the executive level.
Long history of consistent IRS 990 filings (11 filings), demonstrating transparency and accountability.
Strong financial health, capable of sustaining operations even when annual expenses exceed revenue due to its endowment.
Spending Breakdown
How Eric P Sheinberg Foundation allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
0%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Eric P Sheinberg Foundation
Is Eric P Sheinberg Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Eric P Sheinberg Foundation (EIN: 137004291) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Eric P Sheinberg Foundation a good charity to donate to?
Eric P Sheinberg Foundation has a Mission Score of 85/100. Revenue: $766K. Assets: $10.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Eric P Sheinberg Foundation?
The Employer Identification Number (EIN) for Eric P Sheinberg Foundation is 137004291. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Eric P Sheinberg Foundation spend its money?
Eric P Sheinberg Foundation allocates 85% to programs, 15% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Eric P Sheinberg Foundation's tax-exempt status?
You can verify Eric P Sheinberg Foundation's tax-exempt status using EIN 137004291 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Eric P Sheinberg Foundation appears to be a well-established private foundation with substantial assets, consistently over $10 million in recent years. The organization's revenue has fluctuated, but generally ranges between $450,000 and $980,000 annually. A notable trend is that expenses have frequently exceeded revenue in recent periods, such as in 202406 where expenses were $807,552 against revenue of $458,530, and in 202306 with expenses of $846,833 against $505,337 in revenue. This suggests the foundation is drawing down on its endowment or investment income to fund its activities, which is common for foundations. The consistent reporting of $1 in liabilities across multiple years (2013-2024) is unusual and might warrant further investigation into the nature of these liabilities or if it's a reporting anomaly. The foundation consistently reports 0% officer compensation, indicating a volunteer or unpaid leadership structure, which is a positive sign for donor confidence regarding administrative costs.
Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to provide a precise assessment. However, the absence of officer compensation suggests a lean operational structure at the top. The foundation's consistent asset base indicates prudent financial management of its endowment. The foundation's transparency is generally good through its consistent IRS 990 filings, providing a clear history of its financial activities. The lack of specific program details in the provided data makes it difficult to assess the direct impact of its spending, but the overall financial health appears stable, supported by its significant asset base.
Overall, the Eric P Sheinberg Foundation demonstrates financial stability through its substantial assets and consistent filing history. While expenses have often outpaced revenue, this is typical for foundations utilizing their endowments. The lack of officer compensation is a strong positive for efficiency. Further detail on program spending would enhance the assessment of its impact and efficiency.