Emily Davie And Joseph S Kornfeld Foundation
Emily Davie And Joseph S Kornfeld Foundation maintains stable assets and zero officer compensation amidst fluctuating annual revenues and expenses.
EIN: 133042360 · New York, NY · NTEE: T20Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $12.5M |
| Total Expenses | $1.9M |
| Program Spending | 90% |
| Net Assets | $26.1M |
| Transparency Score | 95/100 |
Is Emily Davie And Joseph S Kornfeld Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Emily Davie And Joseph S Kornfeld Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Emily Davie And Joseph S Kornfeld Foundation
Emily Davie And Joseph S Kornfeld Foundation (EIN: 133042360) is a nonprofit organization based in New York, NY, classified under NTEE code T20Z. The organization reported total revenue of $12.5M and total assets of $27.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Emily Davie And Joseph S Kornfeld Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Emily Davie And Joseph S Kornfeld Foundation is a large nonprofit that has been operating for 45 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $1.9M |
| Surplus / Deficit | +$54K |
| Total Assets | $26.1M |
| Total Liabilities | $1 |
| Net Assets | $26.1M |
| Operating Margin | 2.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 168.0 months |
Financial Health Grade: A
In 2023, Emily Davie And Joseph S Kornfeld Foundation reported a surplus of $54K with revenue exceeding expenses, holds 168.0 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), Emily Davie And Joseph S Kornfeld Foundation's revenue has grown at a compound annual growth rate (CAGR) of 1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +106.0% | +4.9% | +0.2% |
| 2022 | -60.4% | +2.1% | -3.1% |
| 2021 | +44.3% | +5.8% | +2.3% |
| 2020 | -15.8% | +20.8% | -0.1% |
| 2019 | +17.8% | -41.9% | +2.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1981 |
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 Emily Davie And Joseph S Kornfeld Foundation with a Mission Score of 95 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, Emily Davie And Joseph S Kornfeld 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 surplus of $54K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly favorable for directing funds to programmatic activities.
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 Emily Davie And Joseph S Kornfeld Foundation's IRS 990 filings:
- None identified based on provided data.
Strengths
The following positive indicators were identified for Emily Davie And Joseph S Kornfeld Foundation:
- Zero officer compensation, indicating high efficiency in directing funds to mission.
- Consistent and substantial asset base (around $26 million) providing long-term stability.
- Minimal liabilities ($0 or $1) across all reported periods, suggesting strong financial management.
- Strong program spending ratio, as a grant-making foundation, nearly all expenses are programmatic grants.
Frequently Asked Questions about Emily Davie And Joseph S Kornfeld Foundation
Is Emily Davie And Joseph S Kornfeld Foundation a legitimate charity?
Emily Davie And Joseph S Kornfeld Foundation (EIN: 133042360) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 95/100. It has 10 years of IRS 990 filings on record. Total revenue: $12.5M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Emily Davie And Joseph S Kornfeld Foundation spend its money?
Emily Davie And Joseph S Kornfeld Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Emily Davie And Joseph S Kornfeld Foundation tax-deductible?
Emily Davie And Joseph S Kornfeld Foundation is registered as a tax-exempt nonprofit (EIN: 133042360). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Emily Davie And Joseph S Kornfeld Foundation compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Emily Davie And Joseph S Kornfeld Foundation is above average for NTEE category T20Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Emily Davie And Joseph S Kornfeld Foundation located?
Emily Davie And Joseph S Kornfeld Foundation is headquartered in New York, New York and files with the IRS under EIN 133042360. It is classified under NTEE code T20Z.
How many years of IRS 990 filings does Emily Davie And Joseph S Kornfeld Foundation have?
Emily Davie And Joseph S Kornfeld 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 $12.5M in total revenue.
What is the primary focus of the Emily Davie And Joseph S Kornfeld Foundation's grant-making?
Based on the NTEE code T20Z (Foundations, Philanthropy & Grantmaking - General), the foundation primarily operates as a grant-making entity, distributing funds to other organizations rather than directly running programs.
How does the foundation sustain its operations given periods where expenses exceed revenue?
The foundation sustains its operations through its substantial asset base, which consistently hovers around $26 million. Investment returns from these assets likely cover operational costs and grant disbursements, even when annual contributions or other revenues are lower than expenses.
Is the foundation's financial health stable?
Yes, the foundation's financial health appears stable, primarily due to its consistent and significant asset base of approximately $26 million. While annual revenues and expenses fluctuate, the large endowment provides a strong buffer and ensures long-term sustainability.
Filing History
IRS 990 filing history for Emily Davie And Joseph S Kornfeld Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Emily Davie And Joseph S Kornfeld Foundation's revenue has grown by 17.9%, moving from $1.6M to $1.9M. Total assets decreased by 1.4% over the same period, from $26.4M to $26.1M. Total functional expenses rose by 3.1%, from $1.8M to $1.9M. In its most recent filing year (2023), Emily Davie And Joseph S Kornfeld Foundation reported a surplus of $54K, with revenue exceeding expenses. The organization holds $1 in liabilities against $26.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $26.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $1.9M | $26.1M | $1 | — | — |
| 2022 | $929K | $1.8M | $26.0M | $1 | — | View 990 |
| 2021 | $2.3M | $1.7M | $26.8M | $1 | — | View 990 |
| 2020 | $1.6M | $1.6M | $26.2M | $1 | — | — |
| 2019 | $1.9M | $1.4M | $26.2M | $1 | — | View 990 |
| 2015 | $1.6M | $2.3M | $25.6M | $0 | — | View 990 |
| 2014 | $2.6M | $2.3M | $26.3M | $0 | — | View 990 |
| 2013 | $2.3M | $2.0M | $25.9M | $0 | — | View 990 |
| 2012 | $975K | $1.7M | $25.7M | $0 | — | View 990 |
| 2011 | $1.6M | $1.8M | $26.4M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $1.9M, and assets of $26.1M (revenue +106.0% year-over-year).
- 2022: Revenue of $929K, expenses of $1.8M, and assets of $26.0M (revenue -60.4% year-over-year).
- 2021: Revenue of $2.3M, expenses of $1.7M, and assets of $26.8M (revenue +44.3% year-over-year).
- 2020: Revenue of $1.6M, expenses of $1.6M, and assets of $26.2M (revenue -15.8% year-over-year).
- 2019: Revenue of $1.9M, expenses of $1.4M, and assets of $26.2M (revenue +17.8% year-over-year).
- 2015: Revenue of $1.6M, expenses of $2.3M, and assets of $25.6M (revenue -37.6% year-over-year).
- 2014: Revenue of $2.6M, expenses of $2.3M, and assets of $26.3M (revenue +13.1% year-over-year).
- 2013: Revenue of $2.3M, expenses of $2.0M, and assets of $25.9M (revenue +138.0% year-over-year).
- 2012: Revenue of $975K, expenses of $1.7M, and assets of $25.7M (revenue -39.9% year-over-year).
- 2011: Revenue of $1.6M, expenses of $1.8M, and assets of $26.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Emily Davie And Joseph S Kornfeld Foundation:
Data Sources and Methodology
This transparency report for Emily Davie And Joseph S Kornfeld 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.