Bluestein Family Foundation Inc
Bluestein Family Foundation: Declining Assets and High Administrative Costs Raise Concerns
EIN: 222236786 · Westwood, NJ · Updated: 2026-04-04
About Bluestein Family Foundation Inc
Bluestein Family Foundation Inc (EIN: 222236786) is a nonprofit organization based in Westwood, NJ. The organization reported total revenue of $2.6M and total assets of $2.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bluestein Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bluestein Family Foundation Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Bluestein Family Foundation Inc allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, but the high administrative costs of $163,701 in 2023, $192,104 in 2022, and $249,352 in 2021 suggest significant operational expenses without corresponding program delivery.
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 Bluestein Family Foundation Inc's IRS 990 filings:
- Zero program spending reported in all available filings, indicating no direct charitable impact.
- Consistent 100% allocation of expenses to administration, raising questions about operational efficiency and purpose.
- Significant and continuous decline in assets over the past decade, from $15,333,969 in 2014 to $2,202,538 in 2023.
- Lack of clear mission or program activities despite substantial administrative expenditures.
Strengths
The following positive indicators were identified for Bluestein Family Foundation Inc:
- The foundation has maintained its legal status and filed required financial documents consistently.
Frequently Asked Questions about Bluestein Family Foundation Inc
What does Bluestein Family Foundation Inc do?
Bluestein Family Foundation Inc is a nonprofit organization in the Unknown sector, located in Westwood, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Bluestein Family Foundation Inc have?
Bluestein Family Foundation Inc reported total revenue of $2,551,713. Based on 10 IRS 990 filings on record.
What are Bluestein Family Foundation Inc's total assets?
Bluestein Family Foundation Inc holds total assets of $2,476,524 as reported in IRS 990 filings.
Where is Bluestein Family Foundation Inc located?
Bluestein Family Foundation Inc is based in Westwood, New Jersey.
What is Bluestein Family Foundation Inc's EIN?
Bluestein Family Foundation Inc's Employer Identification Number (EIN) is 222236786. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Bluestein Family Foundation Inc?
Bluestein Family Foundation Inc is classified under NTEE code Unknown (Unknown).
Is Bluestein Family Foundation Inc a registered 501(c)(3)?
Bluestein Family Foundation Inc appears in IRS records (EIN: 222236786). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Bluestein Family Foundation Inc file IRS Form 990?
Yes, Bluestein Family Foundation Inc has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Bluestein Family Foundation Inc's revenue in 2023?
In the 202312 filing period, Bluestein Family Foundation Inc reported total revenue of $-98,071, total expenses of $163,701, and net assets of $2,202,538.
Is Bluestein Family Foundation Inc's revenue growing or declining?
Bluestein Family Foundation Inc's revenue is relatively stable. Revenue went from $-1,593,376 (202212) to $-98,071 (202312), a 0.0% change. Based on 10 filings on record.
What is Bluestein Family Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Bluestein Family Foundation Inc covers tax period 202312. It shows revenue of $-98,071, expenses of $163,701, total assets of $2,202,538, and liabilities of $1.
Is Bluestein Family Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Bluestein Family Foundation Inc shows mixed signals. Mission Score: 45/100 (Fair). 4 red flags identified. 1 strength noted.
What are the red flags for Bluestein Family Foundation Inc?
The following concerns were identified: Zero program spending reported in all available filings, indicating no direct charitable impact.. Consistent 100% allocation of expenses to administration, raising questions about operational efficiency and purpose.. Significant and continuous decline in assets over the past decade, from $15,333,969 in 2014 to $2,202,538 in 2023.. Lack of clear mission or program activities despite substantial administrative expenditures.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Bluestein Family Foundation Inc's strengths?
Positive indicators for Bluestein Family Foundation Inc include: The foundation has maintained its legal status and filed required financial documents consistently.. These findings are derived from AI analysis of the organization's financial filings.
How does Bluestein Family Foundation Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, but the high administrative costs of $163,701 in 2023, $192,104 in 2022, and $249,352 in 2021 suggest significant operational expenses without corresponding program delivery. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of 0% program spending and 100% administrative expenses, what is the actual charitable purpose and impact of the Bluestein Family Foundation?
The provided data suggests the foundation primarily functions as an administrative entity, with no direct charitable programs or grants reported. Its impact, based on these filings, appears to be limited to managing its assets and covering administrative overhead.
What factors contributed to the drastic decline in the foundation's assets from over $15 million to just over $2 million in less than a decade, especially with no reported program spending?
The asset decline, without corresponding program expenditures, could be due to investment losses, significant administrative costs consuming capital, or other disbursements not categorized as program services. Further investigation into investment performance and specific administrative outlays would be necessary.
Filing History
IRS 990 filing history for Bluestein Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Bluestein Family Foundation Inc's revenue has declined by 119.5%, moving from $502K to $-98,071. Total assets decreased by 49.2% over the same period, from $4.3M to $2.2M. Total functional expenses fell by 52.8%, from $347K to $164K. The organization holds $1 in liabilities against $2.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $-98,071 | $164K | $2.2M | $1 | — | — |
| 2022 | $-1,593,376 | $192K | $2.5M | $1 | — | View 990 |
| 2021 | $-1,305,636 | $249K | $4.1M | $1 | — | View 990 |
| 2020 | $-727,334 | $265K | $5.6M | $1 | — | View 990 |
| 2019 | $-1,043,127 | $286K | $6.5M | $1 | — | View 990 |
| 2015 | $2.0M | $393K | $9.3M | $0 | — | View 990 |
| 2014 | $863K | $121K | $15.3M | $1 | — | View 990 |
| 2013 | $1.7M | $82K | $13.3M | $0 | — | View 990 |
| 2012 | $733K | $286K | $4.8M | $0 | — | View 990 |
| 2011 | $502K | $347K | $4.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-98,071, expenses of $164K, and assets of $2.2M.
- 2022: Revenue of $-1,593,376, expenses of $192K, and assets of $2.5M.
- 2021: Revenue of $-1,305,636, expenses of $249K, and assets of $4.1M.
- 2020: Revenue of $-727,334, expenses of $265K, and assets of $5.6M.
- 2019: Revenue of $-1,043,127, expenses of $286K, and assets of $6.5M (revenue -152.2% year-over-year).
- 2015: Revenue of $2.0M, expenses of $393K, and assets of $9.3M (revenue +131.5% year-over-year).
- 2014: Revenue of $863K, expenses of $121K, and assets of $15.3M (revenue -47.9% year-over-year).
- 2013: Revenue of $1.7M, expenses of $82K, and assets of $13.3M (revenue +125.9% year-over-year).
- 2012: Revenue of $733K, expenses of $286K, and assets of $4.8M (revenue +45.9% year-over-year).
- 2011: Revenue of $502K, expenses of $347K, and assets of $4.3M.
Data Sources and Methodology
This transparency report for Bluestein 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.