Elaine And Sydney Sussmanfoundation Inc
Elaine And Sydney Sussmanfoundation Inc maintains multi-million dollar assets with zero officer compensation amidst volatile annual revenues and expenses.
EIN: 208025266 · Lawrenceville, NJ · NTEE: T22 · Updated: 2026-03-28
Is Elaine And Sydney Sussmanfoundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Elaine And Sydney Sussmanfoundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Elaine And Sydney Sussmanfoundation Inc
Elaine And Sydney Sussmanfoundation Inc (EIN: 208025266) is a nonprofit organization based in Lawrenceville, NJ, classified under NTEE code T22. The organization reported total revenue of $667K and total assets of $6.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Elaine And Sydney Sussmanfoundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Elaine And Sydney Sussmanfoundation Inc 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Elaine And Sydney Sussmanfoundation Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no salaries are paid to officers, which is highly efficient for an organization of this asset 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 Elaine And Sydney Sussmanfoundation Inc's IRS 990 filings:
- Significant annual deficits in some years (e.g., 2021 and 2022 where expenses exceeded revenue by over $1 million) could raise questions about long-term sustainability if not covered by endowment drawdowns.
Strengths
The following positive indicators were identified for Elaine And Sydney Sussmanfoundation Inc:
- Consistent multi-million dollar asset base, indicating strong financial stability.
- Zero officer compensation reported across all filings, demonstrating high efficiency and dedication of funds to mission.
- Very low liabilities across all periods, suggesting sound financial management and minimal debt.
- Strong program focus implied by the nature of a private grantmaking foundation and efficient spending.
Frequently Asked Questions about Elaine And Sydney Sussmanfoundation Inc
Is Elaine And Sydney Sussmanfoundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Elaine And Sydney Sussmanfoundation Inc (EIN: 208025266) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Elaine And Sydney Sussmanfoundation Inc spend its money?
Elaine And Sydney Sussmanfoundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Elaine And Sydney Sussmanfoundation Inc tax-deductible?
Elaine And Sydney Sussmanfoundation Inc is registered as a tax-exempt nonprofit (EIN: 208025266). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Elaine And Sydney Sussmanfoundation Inc a good charity?
Based on the available data, the foundation appears to be a well-managed grant-making entity. Its consistent zero officer compensation and low liabilities are strong positive indicators of financial health and efficiency, suggesting that funds are directed towards its charitable purpose.
Why are the revenues and expenses so inconsistent year-to-year?
The significant fluctuations in revenue and expenses, such as expenses exceeding revenue by over $1 million in 2021 and 2022, are common for private foundations or grant-making organizations that distribute varying amounts of grants annually, often drawing from an endowment rather than relying on consistent annual fundraising for operational costs.
What is the organization's primary focus given its NTEE code T22?
NTEE code T22 typically refers to 'Private Grantmaking Foundations.' This aligns with the financial patterns observed, suggesting the organization primarily functions by making grants to other non-profits or individuals to achieve its charitable goals, rather than directly operating programs.
Filing History
IRS 990 filing history for Elaine And Sydney Sussmanfoundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Elaine And Sydney Sussmanfoundation Inc's revenue has declined by 56.8%, moving from $387K to $167K. Total assets increased by 23.8% over the same period, from $4.8M to $5.9M. Total functional expenses fell by 94.6%, from $1.0M to $57K. In its most recent filing year (2023), Elaine And Sydney Sussmanfoundation Inc reported a surplus of $110K, with revenue exceeding expenses. The organization holds $1K in liabilities against $5.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $167K | $57K | $5.9M | $1K | — | View 990 |
| 2022 | $746K | $1.1M | $5.8M | $1K | — | View 990 |
| 2021 | $2.0M | $3.1M | $6.2M | $1K | — | View 990 |
| 2020 | $211K | $1.2M | $7.3M | $1K | — | View 990 |
| 2019 | $1.4M | $1.1M | $8.3M | $1K | — | View 990 |
| 2015 | $1.2M | $48K | $7.7M | $1 | — | View 990 |
| 2014 | $778K | $549K | $6.6M | $0 | — | View 990 |
| 2013 | $1.8M | $569K | $6.4M | $0 | — | View 990 |
| 2012 | $402K | $67K | $5.1M | $1 | — | View 990 |
| 2011 | $387K | $1.0M | $4.8M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $167K, expenses of $57K, and assets of $5.9M (revenue -77.6% year-over-year).
- 2022: Revenue of $746K, expenses of $1.1M, and assets of $5.8M (revenue -61.9% year-over-year).
- 2021: Revenue of $2.0M, expenses of $3.1M, and assets of $6.2M (revenue +828.7% year-over-year).
- 2020: Revenue of $211K, expenses of $1.2M, and assets of $7.3M (revenue -85.0% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.1M, and assets of $8.3M (revenue +20.9% year-over-year).
- 2015: Revenue of $1.2M, expenses of $48K, and assets of $7.7M (revenue +48.8% year-over-year).
- 2014: Revenue of $778K, expenses of $549K, and assets of $6.6M (revenue -56.0% year-over-year).
- 2013: Revenue of $1.8M, expenses of $569K, and assets of $6.4M (revenue +340.0% year-over-year).
- 2012: Revenue of $402K, expenses of $67K, and assets of $5.1M (revenue +3.8% year-over-year).
- 2011: Revenue of $387K, expenses of $1.0M, and assets of $4.8M.
Data Sources and Methodology
This transparency report for Elaine And Sydney Sussmanfoundation 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.