Eric P Sheinberg Foundation
Eric P Sheinberg Foundation consistently spends more than its annual revenue, drawing on its substantial $10M asset base.
EIN: 137004291 · New Canaan, CT · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $766K |
| Total Expenses | $808K |
| Program Spending | 85% |
| Net Assets | $10.0M |
| Transparency Score | 85/100 |
Is Eric P Sheinberg Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Eric P Sheinberg Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Eric P Sheinberg Foundation
Eric P Sheinberg Foundation (EIN: 137004291) is a nonprofit organization based in New Canaan, CT. The organization reported total revenue of $766K and total assets of $10.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Eric P Sheinberg Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Eric P Sheinberg Foundation is a small nonprofit that has been operating for 55 years, with 11 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -1.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $459K |
| Total Expenses | $808K |
| Surplus / Deficit | $-349,022 |
| Total Assets | $10.0M |
| Total Liabilities | $1 |
| Net Assets | $10.0M |
| Operating Margin | -76.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 148.2 months |
Financial Health Grade: B
In 2024, Eric P Sheinberg Foundation reported a deficit of $349K with expenses exceeding revenue, holds 148.2 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 (2011–2024), Eric P Sheinberg Foundation's revenue has declined at a compound annual growth rate (CAGR) of -1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -9.3% | -4.6% | -3.4% |
| 2023 | -36.7% | +3.4% | -3.2% |
| 2022 | -12.4% | -2.6% | -0.2% |
| 2021 | -7.4% | +0.9% | +0.7% |
| 2020 | +42.7% | +1.2% | +0.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7100 |
| IRS Ruling Date | 1971 |
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 Eric P Sheinberg 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: 15%
- programs: 85%
- fundraising: 0%
According to IRS 990 filings, Eric P Sheinberg Foundation allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $349K, 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 its leadership serves without direct salary from the organization, which is highly efficient for administrative costs.
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 Eric P Sheinberg Foundation's IRS 990 filings:
- Expenses consistently exceeding revenue in recent periods (e.g., $807,552 expenses vs. $458,530 revenue in 202406), though this is common for foundations drawing on endowments.
- Consistent reporting of $1 in liabilities across multiple years, which is an unusual and potentially unclear reporting practice.
Strengths
The following positive indicators were identified for Eric P Sheinberg Foundation:
- Substantial and stable asset base, consistently over $10 million, providing long-term financial security.
- Consistent reporting of 0% officer compensation, indicating highly efficient administrative spending at the executive level.
- Long history of consistent IRS 990 filings (11 filings), demonstrating transparency and accountability.
- Strong financial health, capable of sustaining operations even when annual expenses exceed revenue due to its endowment.
Frequently Asked Questions about Eric P Sheinberg Foundation
Is Eric P Sheinberg Foundation a legitimate charity?
Eric P Sheinberg Foundation (EIN: 137004291) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 85/100. It has 11 years of IRS 990 filings on record. Total revenue: $766K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Eric P Sheinberg Foundation spend its money?
Eric P Sheinberg Foundation directs 85% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Eric P Sheinberg Foundation tax-deductible?
Eric P Sheinberg Foundation is registered as a tax-exempt nonprofit (EIN: 137004291). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Eric P Sheinberg Foundation located?
Eric P Sheinberg Foundation is headquartered in New Canaan, Connecticut and files with the IRS under EIN 137004291.
How many years of IRS 990 filings does Eric P Sheinberg Foundation have?
Eric P Sheinberg Foundation has 11 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 $766K in total revenue.
Is the Eric P Sheinberg Foundation financially stable?
Yes, despite expenses often exceeding annual revenue, the foundation maintains a robust asset base consistently over $10 million, indicating strong financial stability supported by its endowment.
Why do expenses often exceed revenue?
This is common for private foundations that utilize their investment income or draw from their endowment to fund their grantmaking and operational activities, rather than relying solely on annual donations.
What is the significance of 0% officer compensation?
Zero officer compensation suggests that the foundation's leadership is either volunteer-based or compensated through other means not reported as officer compensation, which significantly reduces administrative overhead and maximizes funds available for its mission.
What is the nature of the consistent $1 liability reported?
The consistent reporting of $1 in liabilities across many years is unusual and could be a placeholder or a minor technical reporting item. It would be beneficial to review the full 990 forms for clarification on this specific entry.
Filing History
IRS 990 filing history for Eric P Sheinberg Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2024), Eric P Sheinberg Foundation's revenue has declined by 12.3%, moving from $523K to $459K. Total assets decreased by 3.1% over the same period, from $10.3M to $10.0M. Total functional expenses rose by 72%, from $469K to $808K. In its most recent filing year (2024), Eric P Sheinberg Foundation reported a deficit of $349K, with expenses exceeding revenue. The organization holds $1 in liabilities against $10.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $10.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $459K | $808K | $10.0M | $1 | — | — |
| 2023 | $505K | $847K | $10.3M | $1 | — | View 990 |
| 2022 | $798K | $819K | $10.7M | $1 | — | View 990 |
| 2021 | $911K | $841K | $10.7M | $1 | — | View 990 |
| 2020 | $984K | $833K | $10.6M | $1 | — | View 990 |
| 2016 | $690K | $823K | $10.6M | $1 | — | View 990 |
| 2015 | $626K | $740K | $10.5M | $1 | — | View 990 |
| 2014 | $738K | $654K | $10.4M | $1 | — | View 990 |
| 2013 | $591K | $617K | $10.3M | $1 | — | View 990 |
| 2012 | $600K | $588K | $10.3M | $0 | — | View 990 |
| 2011 | $523K | $469K | $10.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $459K, expenses of $808K, and assets of $10.0M (revenue -9.3% year-over-year).
- 2023: Revenue of $505K, expenses of $847K, and assets of $10.3M (revenue -36.7% year-over-year).
- 2022: Revenue of $798K, expenses of $819K, and assets of $10.7M (revenue -12.4% year-over-year).
- 2021: Revenue of $911K, expenses of $841K, and assets of $10.7M (revenue -7.4% year-over-year).
- 2020: Revenue of $984K, expenses of $833K, and assets of $10.6M (revenue +42.7% year-over-year).
- 2016: Revenue of $690K, expenses of $823K, and assets of $10.6M (revenue +10.2% year-over-year).
- 2015: Revenue of $626K, expenses of $740K, and assets of $10.5M (revenue -15.2% year-over-year).
- 2014: Revenue of $738K, expenses of $654K, and assets of $10.4M (revenue +24.8% year-over-year).
- 2013: Revenue of $591K, expenses of $617K, and assets of $10.3M (revenue -1.5% year-over-year).
- 2012: Revenue of $600K, expenses of $588K, and assets of $10.3M (revenue +14.8% year-over-year).
- 2011: Revenue of $523K, expenses of $469K, and assets of $10.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Eric P Sheinberg Foundation:
Data Sources and Methodology
This transparency report for Eric P Sheinberg 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.