Bert And Sandra Wasserman Foundation Inc
Bert And Sandra Wasserman Foundation Inc demonstrates consistent asset growth and zero executive compensation.
EIN: 133961422 · New York, NY · NTEE: T22Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.1M |
| Total Expenses | $379K |
| Program Spending | 95% |
| CEO/Top Officer Pay | $19,567,318 |
| Net Assets | $19.6M |
| Transparency Score | 95/100 |
Is Bert And Sandra Wasserman Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bert And Sandra Wasserman Foundation Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bert And Sandra Wasserman Foundation Inc
Bert And Sandra Wasserman Foundation Inc (EIN: 133961422) is a nonprofit organization based in New York, NY, classified under NTEE code T22Z. The organization reported total revenue of $7.1M and total assets of $25.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bert And Sandra Wasserman Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bert And Sandra Wasserman Foundation Inc is a mid-size nonprofit that has been operating for 29 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $379K |
| Surplus / Deficit | +$1.1M |
| Total Assets | $19.6M |
| Total Liabilities | $1 |
| Net Assets | $19.6M |
| Operating Margin | 74.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 620.2 months |
Financial Health Grade: A
In 2023, Bert And Sandra Wasserman Foundation Inc reported a surplus of $1.1M with revenue exceeding expenses, holds 620.2 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), Bert And Sandra Wasserman Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +58.7% | +51.8% | +6.5% |
| 2022 | -50.9% | -36.2% | +3.8% |
| 2021 | +155.9% | -7.4% | +9.4% |
| 2020 | -29.2% | +86.7% | +1.8% |
| 2019 | -62.6% | -85.0% | +16.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
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 Bert And Sandra Wasserman Foundation Inc with a Mission Score of 95 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, Bert And Sandra Wasserman 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 surplus of $1.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly efficient for a foundation of its size with assets of $19,567,318 in 2023.
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.
Strengths
The following positive indicators were identified for Bert And Sandra Wasserman Foundation Inc:
- Consistent asset growth, from $10.8M in 2011 to $19.5M in 2023.
- Zero officer compensation reported across all filings, indicating high efficiency.
- Minimal liabilities ($1 in recent years), demonstrating strong financial stability.
- High program spending efficiency, as a private foundation with low overall expenses relative to revenue.
- Consistent IRS 990 filing history, indicating good transparency.
Frequently Asked Questions about Bert And Sandra Wasserman Foundation Inc
Is Bert And Sandra Wasserman Foundation Inc a legitimate charity?
Bert And Sandra Wasserman Foundation Inc (EIN: 133961422) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 95/100. It has 10 years of IRS 990 filings on record. Total revenue: $7.1M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Bert And Sandra Wasserman Foundation Inc spend its money?
Bert And Sandra Wasserman Foundation Inc directs 95% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Bert And Sandra Wasserman Foundation Inc tax-deductible?
Bert And Sandra Wasserman Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133961422). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Bert And Sandra Wasserman Foundation Inc CEO make?
Bert And Sandra Wasserman Foundation Inc's highest-compensated officer earns $19,567,318 annually. The organization reported $7.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Bert And Sandra Wasserman Foundation Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Bert And Sandra Wasserman Foundation Inc is above average for NTEE category T22Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bert And Sandra Wasserman Foundation Inc located?
Bert And Sandra Wasserman Foundation Inc is headquartered in New York, New York and files with the IRS under EIN 133961422. It is classified under NTEE code T22Z.
How many years of IRS 990 filings does Bert And Sandra Wasserman Foundation Inc have?
Bert And Sandra Wasserman Foundation Inc has 10 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 $7.1M in total revenue.
Is Bert And Sandra Wasserman Foundation Inc a good charity?
Based on the provided data, the foundation exhibits strong financial health, consistent asset growth, and zero executive compensation, suggesting it is a highly efficient and well-managed entity focused on its grant-making mission.
How has the foundation's financial health changed over time?
The foundation's assets have shown consistent growth, increasing from $10,897,240 in 2011 to $19,567,318 in 2023, indicating robust financial management and stability.
What is the foundation's approach to executive compensation?
The foundation reports 0% officer compensation in all available filings, meaning no salaries are paid to its executives, which is a significant strength in terms of resource allocation.
Filing History
IRS 990 filing history for Bert And Sandra Wasserman Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Bert And Sandra Wasserman Foundation Inc's revenue has declined by 11%, moving from $1.7M to $1.5M. Total assets increased by 79.6% over the same period, from $10.9M to $19.6M. Total functional expenses fell by 68.2%, from $1.2M to $379K. In its most recent filing year (2023), Bert And Sandra Wasserman Foundation Inc reported a surplus of $1.1M, with revenue exceeding expenses. The organization holds $1 in liabilities against $19.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $19.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $379K | $19.6M | $1 | — | — |
| 2022 | $945K | $249K | $18.4M | $1 | — | View 990 |
| 2021 | $1.9M | $391K | $17.7M | $1 | — | View 990 |
| 2020 | $752K | $422K | $16.2M | $1 | — | View 990 |
| 2019 | $1.1M | $226K | $15.9M | $1 | — | View 990 |
| 2015 | $2.8M | $1.5M | $13.7M | $1 | — | View 990 |
| 2014 | $2.4M | $1.3M | $12.9M | $1 | — | View 990 |
| 2013 | $2.0M | $702K | $12.4M | $0 | — | View 990 |
| 2012 | $1.8M | $1.2M | $11.1M | $0 | — | View 990 |
| 2011 | $1.7M | $1.2M | $10.9M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $379K, and assets of $19.6M (revenue +58.7% year-over-year).
- 2022: Revenue of $945K, expenses of $249K, and assets of $18.4M (revenue -50.9% year-over-year).
- 2021: Revenue of $1.9M, expenses of $391K, and assets of $17.7M (revenue +155.9% year-over-year).
- 2020: Revenue of $752K, expenses of $422K, and assets of $16.2M (revenue -29.2% year-over-year).
- 2019: Revenue of $1.1M, expenses of $226K, and assets of $15.9M (revenue -62.6% year-over-year).
- 2015: Revenue of $2.8M, expenses of $1.5M, and assets of $13.7M (revenue +20.1% year-over-year).
- 2014: Revenue of $2.4M, expenses of $1.3M, and assets of $12.9M (revenue +20.1% year-over-year).
- 2013: Revenue of $2.0M, expenses of $702K, and assets of $12.4M (revenue +8.8% year-over-year).
- 2012: Revenue of $1.8M, expenses of $1.2M, and assets of $11.1M (revenue +7.5% year-over-year).
- 2011: Revenue of $1.7M, expenses of $1.2M, and assets of $10.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bert And Sandra Wasserman Foundation Inc:
Data Sources and Methodology
This transparency report for Bert And Sandra Wasserman 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.