AI Transparency Report
The Schlosstein Hartley Fam Foundation Tr demonstrates a fluctuating financial profile over the past decade. While the latest reported revenue for 202309 was $3,115,990, and expenses were $1,925,000, indicating a surplus, the organization has experienced periods of significant deficits, such as in 202009 where revenue was $139,079 against expenses of $1,279,986. Assets have also seen a considerable decline from a high of $8,904,367 in 201109 to $3,619,174 in 202309. The consistent reporting of 0% officer compensation across all filings suggests good transparency regarding executive pay, and minimal liabilities ($1 in recent years) indicate a healthy balance sheet in that regard.
Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent absence of officer compensation is a positive indicator for resource allocation. The foundation's primary activity appears to be grant-making, given its NTEE code T20 (Private Grantmaking Foundations), which typically involves lower administrative overhead compared to direct service charities. The significant fluctuations in revenue and expenses suggest a reliance on investment returns or large, infrequent contributions.
Overall, the foundation appears transparent in its executive compensation and has maintained a low liability profile. Its financial health, while showing recent surpluses, has been volatile, with a notable decrease in asset base over the long term. Further analysis of the specific grantmaking activities and operational costs would provide a more complete picture of its spending efficiency and impact.