Carl And Toby Sloane Fam Foundation
Carl And Toby Sloane Fam Foundation faces persistent operating deficits and declining assets.
EIN: 205632178 · Wilmington, DE · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $142K |
| Total Expenses | $74K |
| Program Spending | 70% |
| Net Assets | $692K |
| Transparency Score | 45/100 |
Is Carl And Toby Sloane Fam Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Carl And Toby Sloane Fam Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Carl And Toby Sloane Fam Foundation
Carl And Toby Sloane Fam Foundation (EIN: 205632178) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T22. The organization reported total revenue of $142K and total assets of $692K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Carl And Toby Sloane Fam Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Carl And Toby Sloane Fam Foundation is a small nonprofit that has been operating for 18 years, with 9 years of IRS 990 filings on record (2011–2022).
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $25K |
| Total Expenses | $74K |
| Surplus / Deficit | $-49,598 |
| Total Assets | $692K |
| Total Liabilities | $1 |
| Net Assets | $692K |
| Operating Margin | -200.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 111.7 months |
Financial Health Grade: B
In 2022, Carl And Toby Sloane Fam Foundation reported a deficit of $50K with expenses exceeding revenue, holds 111.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -57.6% | -24.6% | -6.4% |
| 2021 | +37.7% | +0.0% | -5.1% |
| 2020 | -49.7% | -35.1% | -6.6% |
| 2019 | -41.7% | +426.0% | -15.3% |
| 2015 | -60.9% | -88.7% | +13.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Carl And Toby Sloane Fam Foundation 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Carl And Toby Sloane Fam Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $50K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or directors are receiving salaries from the foundation, which is a positive sign for resource allocation.
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 Carl And Toby Sloane Fam Foundation's IRS 990 filings:
- Persistent operating deficits across multiple years (e.g., 2022: Revenue $24,797, Expenses $74,395).
- Significant decline in total assets over time (from $1,361,149 in 2011 to $692,436 in 2022).
- Revenue has been consistently lower than expenses in most reported periods.
Strengths
The following positive indicators were identified for Carl And Toby Sloane Fam Foundation:
- No reported officer compensation (0% Officer Comp across all filings), indicating efficient use of funds at the executive level.
- Low liabilities ($1 across all filings), suggesting minimal debt burden.
Frequently Asked Questions about Carl And Toby Sloane Fam Foundation
Is Carl And Toby Sloane Fam Foundation a legitimate charity?
Carl And Toby Sloane Fam Foundation (EIN: 205632178) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 45/100. It has 9 years of IRS 990 filings on record. Total revenue: $142K. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Carl And Toby Sloane Fam Foundation spend its money?
Carl And Toby Sloane Fam Foundation directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Carl And Toby Sloane Fam Foundation tax-deductible?
Carl And Toby Sloane Fam Foundation is registered as a tax-exempt nonprofit (EIN: 205632178). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Carl And Toby Sloane Fam Foundation's spending goes to programs?
Carl And Toby Sloane Fam Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Carl And Toby Sloane Fam Foundation compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Carl And Toby Sloane Fam Foundation is near average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Carl And Toby Sloane Fam Foundation located?
Carl And Toby Sloane Fam Foundation is headquartered in Wilmington, Delaware and files with the IRS under EIN 205632178. It is classified under NTEE code T22.
How many years of IRS 990 filings does Carl And Toby Sloane Fam Foundation have?
Carl And Toby Sloane Fam Foundation has 9 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 $142K in total revenue.
Is the Carl And Toby Sloane Fam Foundation financially sustainable?
Based on the provided data, the foundation has consistently spent more than it earned in most years, leading to a significant decline in assets from $1,361,149 in 2011 to $692,436 in 2022. This pattern suggests a lack of financial sustainability.
What is the primary cause of the asset decline?
The primary cause appears to be consistent operating deficits, where annual expenses frequently exceed annual revenues. For example, in 2022, expenses were $74,395 while revenue was only $24,797.
How does the foundation fund its operations given the deficits?
The foundation appears to be drawing down its existing assets to cover operational expenses, as evidenced by the continuous decrease in total assets over the years.
Filing History
IRS 990 filing history for Carl And Toby Sloane Fam Foundation showing financial trends over 9 years of public records:
Total assets decreased by 49.1% over the same period, from $1.4M to $692K. Total functional expenses fell by 80.2%, from $376K to $74K. In its most recent filing year (2022), Carl And Toby Sloane Fam Foundation reported a deficit of $50K, with expenses exceeding revenue. The organization holds $1 in liabilities against $692K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $692K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $25K | $74K | $692K | $1 | — | View 990 |
| 2021 | $58K | $99K | $740K | $1 | — | — |
| 2020 | $42K | $99K | $780K | $1 | — | View 990 |
| 2019 | $84K | $152K | $835K | $1 | — | View 990 |
| 2015 | $145K | $29K | $987K | $1 | — | View 990 |
| 2014 | $370K | $254K | $871K | $1 | — | View 990 |
| 2013 | $98K | $375K | $905K | $1 | — | View 990 |
| 2012 | $40K | $220K | $1.2M | $1 | — | View 990 |
| 2011 | $-24,571 | $376K | $1.4M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $25K, expenses of $74K, and assets of $692K (revenue -57.6% year-over-year).
- 2021: Revenue of $58K, expenses of $99K, and assets of $740K (revenue +37.7% year-over-year).
- 2020: Revenue of $42K, expenses of $99K, and assets of $780K (revenue -49.7% year-over-year).
- 2019: Revenue of $84K, expenses of $152K, and assets of $835K (revenue -41.7% year-over-year).
- 2015: Revenue of $145K, expenses of $29K, and assets of $987K (revenue -60.9% year-over-year).
- 2014: Revenue of $370K, expenses of $254K, and assets of $871K (revenue +276.3% year-over-year).
- 2013: Revenue of $98K, expenses of $375K, and assets of $905K (revenue +149.1% year-over-year).
- 2012: Revenue of $40K, expenses of $220K, and assets of $1.2M.
- 2011: Revenue of $-24,571, expenses of $376K, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Carl And Toby Sloane Fam Foundation:
Data Sources and Methodology
This transparency report for Carl And Toby Sloane Fam Foundation 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.