Eli & Shani Verschleiser Foundation
Eli & Shani Verschleiser Foundation consistently reports minimal revenue against substantial expenses, raising financial sustainability concerns.
EIN: 208106923 · New York, NY · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $164K |
| Program Spending | 70% |
| Net Assets | $-457,145 |
| Transparency Score | 45/100 |
Is Eli & Shani Verschleiser Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Eli & Shani Verschleiser Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Eli & Shani Verschleiser Foundation
Eli & Shani Verschleiser Foundation (EIN: 208106923) is a nonprofit organization based in New York, NY, classified under NTEE code T20. The organization reported total revenue of $1.8M and total assets of $1.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Eli & Shani Verschleiser Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Eli & Shani Verschleiser Foundation is a mid-size nonprofit that has been operating for 19 years, with 5 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of -82.2%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $1 |
| Total Expenses | $164K |
| Surplus / Deficit | $-163,521 |
| Total Assets | $80K |
| Total Liabilities | $537K |
| Net Assets | $-457,145 |
| Operating Margin | -16352100.0% |
| Debt-to-Asset Ratio | 674.3% |
| Months of Reserves | 5.8 months |
Financial Health Grade: C
In 2015, Eli & Shani Verschleiser Foundation reported a deficit of $164K with expenses exceeding revenue, holds 5.8 months of operating reserves (adequate), has a debt-to-asset ratio of 674.3% (high leverage).
Financial Trends
Over 5 years of filings (2011–2015), Eli & Shani Verschleiser Foundation's revenue has declined at a compound annual growth rate (CAGR) of -82.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | +0.0% | +407.8% | -5.6% |
| 2014 | -100.0% | -73.3% | +1.8% |
| 2013 | +1000.0% | +14.6% | +3.7% |
| 2012 | +0.0% | +71.8% | -0.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Eli & Shani Verschleiser Foundation with a Mission Score of 45 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, Eli & Shani Verschleiser Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $164K, with expenses exceeding revenue.
- Debt-to-asset ratio: 674.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries or other compensation were paid to officers, directors, trustees, or key employees, 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 Eli & Shani Verschleiser Foundation's IRS 990 filings:
- Consistently low reported revenue relative to expenses across multiple years (e.g., $1 revenue vs. $163,522 expenses in 2015).
- Significant and growing liabilities (from $127,672 in 2011 to $536,745 in 2015) without corresponding revenue growth.
- Lack of transparency regarding actual funding sources given the minimal reported revenue.
- Assets have not grown significantly to offset increasing liabilities or cover operational deficits.
Strengths
The following positive indicators were identified for Eli & Shani Verschleiser Foundation:
- Reported 0% officer compensation across all available filings, indicating no executive pay.
Frequently Asked Questions about Eli & Shani Verschleiser Foundation
Is Eli & Shani Verschleiser Foundation a legitimate charity?
Eli & Shani Verschleiser Foundation (EIN: 208106923) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 45/100. It has 5 years of IRS 990 filings on record. Total revenue: $1.8M. 4 red flags identified. 1 strength noted. Financial health grade: C.
How does Eli & Shani Verschleiser Foundation spend its money?
Eli & Shani Verschleiser Foundation directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Eli & Shani Verschleiser Foundation tax-deductible?
Eli & Shani Verschleiser Foundation is registered as a tax-exempt nonprofit (EIN: 208106923). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Eli & Shani Verschleiser Foundation's spending goes to programs?
Eli & Shani Verschleiser Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Eli & Shani Verschleiser Foundation compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Eli & Shani Verschleiser Foundation is near average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Eli & Shani Verschleiser Foundation located?
Eli & Shani Verschleiser Foundation is headquartered in New York, New York and files with the IRS under EIN 208106923. It is classified under NTEE code T20.
How many years of IRS 990 filings does Eli & Shani Verschleiser Foundation have?
Eli & Shani Verschleiser Foundation has 5 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 $1.8M in total revenue.
How does the foundation cover its expenses when reported revenue is consistently so low?
The filings show a consistent pattern of reported revenue being significantly lower than expenses (e.g., $1 revenue vs. $163,522 expenses in 2015). This suggests that either the reported revenue figures are incomplete, or the organization relies heavily on other undisclosed funding mechanisms or draws down on assets, though assets have not grown substantially to cover these deficits.
What are the primary sources of funding for the foundation?
Given the reported revenue figures (often $1 or $1,000), the primary sources of funding are not transparently disclosed in the provided summary data. This lack of clarity makes it difficult to understand how the organization sustains its operations and covers its expenses.
What are the specific program services provided by the foundation?
The NTEE code T20 indicates a Private Grantmaking Foundation. However, without a detailed breakdown of expenses, it's unclear how much of the reported expenses are directly allocated to grants or other program services, especially given the overall financial discrepancies.
Filing History
IRS 990 filing history for Eli & Shani Verschleiser Foundation showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), Eli & Shani Verschleiser Foundation's revenue has declined by 99.9%, moving from $1K to $1. Total assets decreased by 0.4% over the same period, from $80K to $80K. Total functional expenses rose by 167.1%, from $61K to $164K. In its most recent filing year (2015), Eli & Shani Verschleiser Foundation reported a deficit of $164K, with expenses exceeding revenue. The organization holds $537K in liabilities against $80K in assets (debt-to-asset ratio: 674.3%), resulting in net assets of $-457,145.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $1 | $164K | $80K | $537K | — | View 990 |
| 2014 | $1 | $32K | $84K | $378K | — | View 990 |
| 2013 | $11K | $121K | $83K | $344K | — | View 990 |
| 2012 | $1K | $105K | $80K | $232K | — | View 990 |
| 2011 | $1K | $61K | $80K | $128K | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $1, expenses of $164K, and assets of $80K (revenue +0.0% year-over-year).
- 2014: Revenue of $1, expenses of $32K, and assets of $84K (revenue -100.0% year-over-year).
- 2013: Revenue of $11K, expenses of $121K, and assets of $83K (revenue +1000.0% year-over-year).
- 2012: Revenue of $1K, expenses of $105K, and assets of $80K (revenue +0.0% year-over-year).
- 2011: Revenue of $1K, expenses of $61K, and assets of $80K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Eli & Shani Verschleiser Foundation:
Data Sources and Methodology
This transparency report for Eli & Shani Verschleiser 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.