Edward L & Joan B Steiniger Fndtn For Rc Charitable Ed Purpose
Edward L & Joan B Steiniger Fndtn consistently distributes funds from its endowment, with expenses often exceeding annual revenue.
EIN: 133585674 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $17.3M |
| Total Expenses | $3.6M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $20 |
| Net Assets | $21.0M |
| Transparency Score | 85/100 |
Is Edward L & Joan B Steiniger Fndtn For Rc Charitable Ed Purpose Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Edward L & Joan B Steiniger Fndtn For Rc Charitable Ed Purpose directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Edward L & Joan B Steiniger Fndtn For Rc Charitable Ed Purpose
Edward L & Joan B Steiniger Fndtn For Rc Charitable Ed Purpose (EIN: 133585674) is a nonprofit organization based in New York, NY. The organization reported total revenue of $17.3M and total assets of $23.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Edward L & Joan B Steiniger Fndtn For Rc Charitable Ed Purpose's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Edward L & Joan B Steiniger Fndtn For Rc Charitable Ed Purpose is a large nonprofit that has been operating for 35 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $3.6M |
| Surplus / Deficit | $-2,199,800 |
| Total Assets | $21.0M |
| Total Liabilities | $1 |
| Net Assets | $21.0M |
| Operating Margin | -151.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 69.1 months |
Financial Health Grade: B
In 2023, Edward L & Joan B Steiniger Fndtn For Rc Charitable Ed Purpose reported a deficit of $2.2M with expenses exceeding revenue, holds 69.1 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 (2011–2023), Edward L & Joan B Steiniger Fndtn For Rc Charitable Ed Purpose's revenue has grown at a compound annual growth rate (CAGR) of 2.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.3% | +64.6% | -9.2% |
| 2022 | -56.6% | +7.8% | -2.7% |
| 2021 | +223.8% | +13.7% | +6.8% |
| 2020 | -9.8% | +6.0% | -2.7% |
| 2019 | -32.8% | -0.3% | +6.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 L & Joan B Steiniger Fndtn For Rc Charitable Ed Purpose 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 L & Joan B Steiniger Fndtn For Rc Charitable Ed Purpose 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 $2.2M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership either serves without compensation or compensation is minimal and not reported as officer compensation, which is highly efficient for an organization with assets exceeding $20 million.
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 L & Joan B Steiniger Fndtn For Rc Charitable Ed Purpose's IRS 990 filings:
- Expenses frequently exceed revenue, indicating reliance on asset drawdowns rather than self-sufficiency from annual income.
Strengths
The following positive indicators were identified for Edward L & Joan B Steiniger Fndtn For Rc Charitable Ed Purpose:
- Substantial and stable asset base, consistently over $20 million, providing long-term financial stability.
- Consistent reporting of 0% officer compensation, indicating highly efficient executive management.
- Minimal liabilities ($0 or $1) across all reported periods, reflecting strong financial health and low debt.
- Consistent distributions, even when exceeding revenue, demonstrate a commitment to its charitable purpose.
Frequently Asked Questions about Edward L & Joan B Steiniger Fndtn For Rc Charitable Ed Purpose
Is Edward L & Joan B Steiniger Fndtn For Rc Charitable Ed Purpose a legitimate charity?
Edward L & Joan B Steiniger Fndtn For Rc Charitable Ed Purpose (EIN: 133585674) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $17.3M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Edward L & Joan B Steiniger Fndtn For Rc Charitable Ed Purpose spend its money?
Edward L & Joan B Steiniger Fndtn For Rc Charitable Ed Purpose directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Edward L & Joan B Steiniger Fndtn For Rc Charitable Ed Purpose tax-deductible?
Edward L & Joan B Steiniger Fndtn For Rc Charitable Ed Purpose is registered as a tax-exempt nonprofit (EIN: 133585674). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Edward L & Joan B Steiniger Fndtn For Rc Charitable Ed Purpose CEO make?
Edward L & Joan B Steiniger Fndtn For Rc Charitable Ed Purpose's highest-compensated officer earns $20 annually. The organization reported $17.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Edward L & Joan B Steiniger Fndtn For Rc Charitable Ed Purpose located?
Edward L & Joan B Steiniger Fndtn For Rc Charitable Ed Purpose is headquartered in New York, New York and files with the IRS under EIN 133585674.
How many years of IRS 990 filings does Edward L & Joan B Steiniger Fndtn For Rc Charitable Ed Purpose have?
Edward L & Joan B Steiniger Fndtn For Rc Charitable Ed Purpose 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 $17.3M in total revenue.
How does the foundation sustain its operations when expenses frequently exceed revenue?
The foundation sustains its operations by drawing from its substantial asset base, which was $21,003,377 in 2023. This indicates it operates as a grant-making foundation distributing from its endowment.
What specific charitable educational purposes does the foundation support?
The provided data does not specify the exact charitable educational purposes. Further detail would require reviewing the full IRS 990 forms or the foundation's public statements.
Is the lack of officer compensation sustainable for the foundation's long-term management?
While the lack of officer compensation is efficient, it suggests that management may be voluntary or compensated through other means not categorized as officer compensation. This model can be sustainable for private foundations with dedicated trustees.
Filing History
IRS 990 filing history for Edward L & Joan B Steiniger Fndtn For Rc Charitable Ed Purpose showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Edward L & Joan B Steiniger Fndtn For Rc Charitable Ed Purpose's revenue has grown by 31%, moving from $1.1M to $1.4M. Total assets increased by 1.1% over the same period, from $20.8M to $21.0M. Total functional expenses rose by 166.8%, from $1.4M to $3.6M. In its most recent filing year (2023), Edward L & Joan B Steiniger Fndtn For Rc Charitable Ed Purpose reported a deficit of $2.2M, with expenses exceeding revenue. The organization holds $1 in liabilities against $21.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $21.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $3.6M | $21.0M | $1 | — | — |
| 2022 | $1.6M | $2.2M | $23.1M | $1 | — | View 990 |
| 2021 | $3.6M | $2.1M | $23.8M | $1 | — | — |
| 2020 | $1.1M | $1.8M | $22.3M | $1 | — | — |
| 2019 | $1.2M | $1.7M | $22.9M | $0 | — | View 990 |
| 2015 | $1.9M | $1.7M | $21.5M | $0 | — | View 990 |
| 2014 | $1.7M | $1.7M | $21.1M | $0 | — | View 990 |
| 2013 | $2.3M | $1.5M | $21.1M | $0 | — | View 990 |
| 2012 | $741K | $1.4M | $20.1M | $0 | — | View 990 |
| 2011 | $1.1M | $1.4M | $20.8M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $3.6M, and assets of $21.0M (revenue -8.3% year-over-year).
- 2022: Revenue of $1.6M, expenses of $2.2M, and assets of $23.1M (revenue -56.6% year-over-year).
- 2021: Revenue of $3.6M, expenses of $2.1M, and assets of $23.8M (revenue +223.8% year-over-year).
- 2020: Revenue of $1.1M, expenses of $1.8M, and assets of $22.3M (revenue -9.8% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.7M, and assets of $22.9M (revenue -32.8% year-over-year).
- 2015: Revenue of $1.9M, expenses of $1.7M, and assets of $21.5M (revenue +7.9% year-over-year).
- 2014: Revenue of $1.7M, expenses of $1.7M, and assets of $21.1M (revenue -26.6% year-over-year).
- 2013: Revenue of $2.3M, expenses of $1.5M, and assets of $21.1M (revenue +216.6% year-over-year).
- 2012: Revenue of $741K, expenses of $1.4M, and assets of $20.1M (revenue -33.0% year-over-year).
- 2011: Revenue of $1.1M, expenses of $1.4M, and assets of $20.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Edward L & Joan B Steiniger Fndtn For Rc Charitable Ed Purpose:
Data Sources and Methodology
This transparency report for Edward L & Joan B Steiniger Fndtn For Rc Charitable Ed Purpose 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.