Edward Fein Foundation
Edward Fein Foundation faces consistent deficit spending, drawing down assets despite zero officer compensation.
EIN: 136220451 · Reno, NV · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $312K |
| Program Spending | 70% |
| Net Assets | $5.4M |
| Transparency Score | 55/100 |
Is Edward Fein Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Edward Fein Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Edward Fein Foundation
Edward Fein Foundation (EIN: 136220451) is a nonprofit organization based in Reno, NV. The organization reported total revenue of $1.4M and total assets of $5.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Edward Fein Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Edward Fein Foundation is a mid-size nonprofit that has been operating for 59 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -11.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $298K |
| Total Expenses | $312K |
| Surplus / Deficit | $-14,138 |
| Total Assets | $5.4M |
| Total Liabilities | $1 |
| Net Assets | $5.4M |
| Operating Margin | -4.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 208.5 months |
Financial Health Grade: B
In 2024, Edward Fein Foundation reported a deficit of $14K with expenses exceeding revenue, holds 208.5 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 (2012–2024), Edward Fein Foundation's revenue has declined at a compound annual growth rate (CAGR) of -11.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +109.4% | +18.1% | -0.3% |
| 2023 | +388.3% | +2.2% | -2.2% |
| 2022 | +17.1% | -16.0% | -4.0% |
| 2021 | -87.7% | -46.4% | -4.7% |
| 2020 | -87.0% | +84.8% | -9.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1967 |
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 Edward Fein Foundation with a Mission Score of 55 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, Edward Fein Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $14K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Edward Fein Foundation consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through other means not categorized as officer compensation, which is a positive 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 Edward Fein Foundation's IRS 990 filings:
- Consistent deficit spending (e.g., 2024 expenses $312,388 vs. revenue $298,250)
- Declining asset base over time (from $6.68M in 2016 to $5.42M in 2024)
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data
- Significant fluctuations in annual revenue, making financial planning challenging (e.g., $1.56M in 2016 vs. $29K in 2022)
Strengths
The following positive indicators were identified for Edward Fein Foundation:
- Zero reported officer compensation, indicating efficient use of funds at the leadership level.
- Very low liabilities ($1 consistently reported), suggesting no significant debt burden.
- Substantial asset base ($5.42M in 2024) provides a buffer despite deficit spending.
Frequently Asked Questions about Edward Fein Foundation
Is Edward Fein Foundation a legitimate charity?
Edward Fein Foundation (EIN: 136220451) is a registered tax-exempt nonprofit based in Nevada. Our AI analysis gives it a Mission Score of 55/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.4M. 4 red flags identified. 3 strengths noted. Financial health grade: B.
How does Edward Fein Foundation spend its money?
Edward Fein Foundation directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Edward Fein Foundation tax-deductible?
Edward Fein Foundation is registered as a tax-exempt nonprofit (EIN: 136220451). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Edward Fein Foundation's spending goes to programs?
Edward Fein Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Edward Fein Foundation located?
Edward Fein Foundation is headquartered in Reno, Nevada and files with the IRS under EIN 136220451.
How many years of IRS 990 filings does Edward Fein Foundation have?
Edward Fein Foundation 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 $1.4M in total revenue.
Is the Edward Fein Foundation financially sustainable?
The foundation's financial sustainability is questionable given its consistent deficit spending, with expenses exceeding revenue in most recent years (e.g., $312,388 expenses vs. $298,250 revenue in 2024). This trend has led to a decline in assets from $6,682,873 in 2016 to $5,427,444 in 2024, indicating reliance on its endowment rather than operational income.
How does the foundation spend its money?
Without a detailed breakdown of expenses in the provided IRS 990 data, it is difficult to precisely determine the allocation between program services, administrative costs, and fundraising. However, the consistent deficit spending suggests that total expenses are not being covered by incoming revenue.
What is the trend in the foundation's assets?
The foundation's assets have shown a declining trend over the past several years, decreasing from $6,682,873 in 2016 to $5,427,444 in 2024. This decline is consistent with the pattern of expenses exceeding revenue.
Does the foundation pay its officers?
Based on the provided IRS 990 data, the Edward Fein Foundation consistently reports 0% officer compensation, suggesting that its officers are not compensated or are compensated through non-officer categories.
Filing History
IRS 990 filing history for Edward Fein Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Edward Fein Foundation's revenue has declined by 77.6%, moving from $1.3M to $298K. Total assets increased by 39.5% over the same period, from $3.9M to $5.4M. Total functional expenses fell by 32.5%, from $463K to $312K. In its most recent filing year (2024), Edward Fein Foundation reported a deficit of $14K, with expenses exceeding revenue. The organization holds $1 in liabilities against $5.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $298K | $312K | $5.4M | $1 | — | — |
| 2023 | $142K | $265K | $5.4M | $1 | — | View 990 |
| 2022 | $29K | $259K | $5.6M | $1 | — | View 990 |
| 2021 | $25K | $308K | $5.8M | $1 | — | — |
| 2020 | $203K | $574K | $6.1M | $1 | — | View 990 |
| 2016 | $1.6M | $311K | $6.7M | $1 | — | View 990 |
| 2015 | $121K | $191K | $5.4M | $1 | — | View 990 |
| 2014 | $77K | $191K | $5.5M | $1 | — | View 990 |
| 2013 | $217K | $488K | $5.6M | $1 | — | View 990 |
| 2012 | $1.3M | $463K | $3.9M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $298K, expenses of $312K, and assets of $5.4M (revenue +109.4% year-over-year).
- 2023: Revenue of $142K, expenses of $265K, and assets of $5.4M (revenue +388.3% year-over-year).
- 2022: Revenue of $29K, expenses of $259K, and assets of $5.6M (revenue +17.1% year-over-year).
- 2021: Revenue of $25K, expenses of $308K, and assets of $5.8M (revenue -87.7% year-over-year).
- 2020: Revenue of $203K, expenses of $574K, and assets of $6.1M (revenue -87.0% year-over-year).
- 2016: Revenue of $1.6M, expenses of $311K, and assets of $6.7M (revenue +1187.1% year-over-year).
- 2015: Revenue of $121K, expenses of $191K, and assets of $5.4M (revenue +57.4% year-over-year).
- 2014: Revenue of $77K, expenses of $191K, and assets of $5.5M (revenue -64.4% year-over-year).
- 2013: Revenue of $217K, expenses of $488K, and assets of $5.6M (revenue -83.7% year-over-year).
- 2012: Revenue of $1.3M, expenses of $463K, and assets of $3.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Edward Fein Foundation:
Data Sources and Methodology
This transparency report for Edward Fein 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.