Chernick Family Foundation Inc
EIN: 391969618 · Oneida, WI · NTEE: T22
| Metric | Value |
|---|---|
| Total Revenue | $126K |
| Total Expenses | $80K |
| Net Assets | $126K |
Is Chernick Family Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Chernick Family Foundation Inc
Chernick Family Foundation Inc (EIN: 391969618) is a nonprofit organization based in Oneida, WI, classified under NTEE code T22. The organization reported total revenue of $126K and total assets of $85K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chernick Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chernick Family Foundation Inc is a small nonprofit that has been operating for 27 years, with 9 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 24.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $175K |
| Total Expenses | $80K |
| Surplus / Deficit | +$95K |
| Total Assets | $126K |
| Total Liabilities | $1 |
| Net Assets | $126K |
| Operating Margin | 54.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 18.8 months |
Financial Health Grade: A
In 2023, Chernick Family Foundation Inc reported a surplus of $95K with revenue exceeding expenses, holds 18.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2012–2023), Chernick Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 24.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +326.8% | +56.0% | +1.1% |
| 2022 | -27.1% | -23.0% | -7.6% |
| 2021 | -30.3% | -4.0% | -7.1% |
| 2020 | -22.1% | +13.5% | -10.4% |
| 2019 | +879.6% | +174.2% | +51.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Chernick Family Foundation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Chernick Family Foundation Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $95K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Chernick Family Foundation Inc
Is Chernick Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Chernick Family Foundation Inc (EIN: 391969618) insufficient data. 0 red flags identified, 0 strengths noted.
How does Chernick Family Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Chernick Family Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Chernick Family Foundation Inc tax-deductible?
Chernick Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 391969618). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Chernick Family Foundation Inc located?
Chernick Family Foundation Inc is headquartered in Oneida, Wisconsin and files with the IRS under EIN 391969618. It is classified under NTEE code T22.
How many years of IRS 990 filings does Chernick Family Foundation Inc have?
Chernick Family Foundation Inc 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 $126K in total revenue.
Filing History
IRS 990 filing history for Chernick Family Foundation Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2012–2023), Chernick Family Foundation Inc's revenue has grown by 977.7%, moving from $16K to $175K. Total assets decreased by 18.1% over the same period, from $153K to $126K. Total functional expenses rose by 113.6%, from $37K to $80K. In its most recent filing year (2023), Chernick Family Foundation Inc reported a surplus of $95K, with revenue exceeding expenses. The organization holds $1 in liabilities against $126K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $126K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $175K | $80K | $126K | $1 | — | View 990 |
| 2022 | $41K | $51K | $124K | $1 | — | View 990 |
| 2021 | $56K | $67K | $134K | $1 | — | — |
| 2020 | $81K | $69K | $145K | $1 | — | — |
| 2019 | $104K | $61K | $162K | $1 | — | View 990 |
| 2015 | $11K | $22K | $107K | $1 | — | View 990 |
| 2014 | $25K | $34K | $121K | $1 | — | View 990 |
| 2013 | $12K | $36K | $130K | $1 | — | View 990 |
| 2012 | $16K | $37K | $153K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $175K, expenses of $80K, and assets of $126K (revenue +326.8% year-over-year).
- 2022: Revenue of $41K, expenses of $51K, and assets of $124K (revenue -27.1% year-over-year).
- 2021: Revenue of $56K, expenses of $67K, and assets of $134K (revenue -30.3% year-over-year).
- 2020: Revenue of $81K, expenses of $69K, and assets of $145K (revenue -22.1% year-over-year).
- 2019: Revenue of $104K, expenses of $61K, and assets of $162K (revenue +879.6% year-over-year).
- 2015: Revenue of $11K, expenses of $22K, and assets of $107K (revenue -58.3% year-over-year).
- 2014: Revenue of $25K, expenses of $34K, and assets of $121K (revenue +111.8% year-over-year).
- 2013: Revenue of $12K, expenses of $36K, and assets of $130K (revenue -26.2% year-over-year).
- 2012: Revenue of $16K, expenses of $37K, and assets of $153K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chernick Family Foundation Inc:
Data Sources and Methodology
This transparency report for Chernick 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.