Edward & Jeanne Epstein Foundation
Small private foundation maintains stable assets despite fluctuating revenue and zero officer compensation.
EIN: 133113857 · New Canaan, CT · Updated: 2026-03-28
Is Edward & Jeanne Epstein Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Edward & Jeanne Epstein Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Edward & Jeanne Epstein Foundation
Edward & Jeanne Epstein Foundation (EIN: 133113857) is a nonprofit organization based in New Canaan, CT. The organization reported total revenue of $10K and total assets of $67K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Edward & Jeanne Epstein Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Edward & Jeanne Epstein Foundation is a micro nonprofit that has been operating for 43 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -35.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $50 |
| Total Expenses | $7K |
| Surplus / Deficit | $-7,000 |
| Total Assets | $63K |
| Total Liabilities | $1 |
| Net Assets | $63K |
| Operating Margin | -14000.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 108.1 months |
Financial Health Grade: B
In 2023, Edward & Jeanne Epstein Foundation reported a deficit of $7K with expenses exceeding revenue, holds 108.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2023), Edward & Jeanne Epstein Foundation's revenue has declined at a compound annual growth rate (CAGR) of -35.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -99.5% | +0.0% | -9.9% |
| 2022 | +0.5% | -21.7% | +4.4% |
| 2021 | +-0.0% | -10.0% | +1.5% |
| 2020 | -50.0% | +11.1% | +0.0% |
| 2019 | +100.0% | +38.5% | +8.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
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 & Jeanne Epstein Foundation with a Mission Score of 85 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Edward & Jeanne Epstein Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 deficit of $7K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The foundation consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly efficient for a small organization of its size.
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 & Jeanne Epstein Foundation's IRS 990 filings:
- Significant revenue volatility, particularly the drop to $50 in 2023, warrants further investigation.
- Lack of detailed expense breakdown makes it difficult to fully assess program efficiency.
Strengths
The following positive indicators were identified for Edward & Jeanne Epstein Foundation:
- Consistent 0% officer compensation, indicating efficient use of funds.
- Stable asset base over time, demonstrating financial resilience.
- Consistent IRS 990 filing history, showing good compliance and transparency.
- Minimal liabilities ($1) across all reported periods, indicating strong financial health.
Frequently Asked Questions about Edward & Jeanne Epstein Foundation
Is Edward & Jeanne Epstein Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Edward & Jeanne Epstein Foundation (EIN: 133113857) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Edward & Jeanne Epstein Foundation spend its money?
Edward & Jeanne Epstein Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Edward & Jeanne Epstein Foundation tax-deductible?
Edward & Jeanne Epstein Foundation is registered as a tax-exempt nonprofit (EIN: 133113857). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the specific mission or program focus of the Edward & Jeanne Epstein Foundation?
The provided data does not specify the NTEE code or detailed program activities, making it difficult to determine the exact mission or program focus. Further investigation into their public records or website would be necessary.
Why did the foundation's revenue drop significantly to $50 in the 202309 period?
The provided data does not offer an explanation for the sharp decline in revenue from $10,050 in 2022 to $50 in 2023. This could be due to a temporary halt in contributions, a change in investment income, or a reporting anomaly.
How does the foundation manage to operate with such low liabilities?
The consistent reporting of $1 in liabilities across all filings suggests that the foundation operates on a cash basis or has minimal operational overhead that would incur significant debt, indicating sound financial management.
Filing History
IRS 990 filing history for Edward & Jeanne Epstein Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Edward & Jeanne Epstein Foundation's revenue has declined by 99.5%, moving from $10K to $50. Total assets increased by 95.1% over the same period, from $33K to $63K. Total functional expenses rose by 135%, from $3K to $7K. In its most recent filing year (2023), Edward & Jeanne Epstein Foundation reported a deficit of $7K, with expenses exceeding revenue. The organization holds $1 in liabilities against $63K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $63K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $50 | $7K | $63K | $1 | — | View 990 |
| 2022 | $10K | $7K | $70K | $1 | — | — |
| 2021 | $10K | $9K | $67K | $1 | — | — |
| 2020 | $10K | $10K | $67K | $1 | — | — |
| 2019 | $20K | $9K | $66K | $1 | — | View 990 |
| 2016 | $10K | $7K | $61K | $1 | — | View 990 |
| 2015 | $10K | $7K | $58K | $1 | — | View 990 |
| 2014 | $20K | $3K | $54K | $1 | — | View 990 |
| 2013 | $124 | $1K | $37K | $1 | — | View 990 |
| 2012 | $10K | $4K | $38K | $1 | — | View 990 |
| 2011 | $10K | $3K | $33K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $50, expenses of $7K, and assets of $63K (revenue -99.5% year-over-year).
- 2022: Revenue of $10K, expenses of $7K, and assets of $70K (revenue +0.5% year-over-year).
- 2021: Revenue of $10K, expenses of $9K, and assets of $67K (revenue +-0.0% year-over-year).
- 2020: Revenue of $10K, expenses of $10K, and assets of $67K (revenue -50.0% year-over-year).
- 2019: Revenue of $20K, expenses of $9K, and assets of $66K (revenue +100.0% year-over-year).
- 2016: Revenue of $10K, expenses of $7K, and assets of $61K (revenue +0.0% year-over-year).
- 2015: Revenue of $10K, expenses of $7K, and assets of $58K (revenue -50.2% year-over-year).
- 2014: Revenue of $20K, expenses of $3K, and assets of $54K (revenue +16108.1% year-over-year).
- 2013: Revenue of $124, expenses of $1K, and assets of $37K (revenue -98.8% year-over-year).
- 2012: Revenue of $10K, expenses of $4K, and assets of $38K (revenue +0.3% year-over-year).
- 2011: Revenue of $10K, expenses of $3K, and assets of $33K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Edward & Jeanne Epstein Foundation:
Data Sources and Methodology
This transparency report for Edward & Jeanne Epstein 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.