Erna Schulz Charitable Foundation Inc
Erna Schulz Charitable Foundation consistently spends more than it earns, relying on its substantial asset base.
EIN: 133977549 · Scottsdale, AZ · NTEE: T50Z · Updated: 2026-03-28
Is Erna Schulz Charitable Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Erna Schulz Charitable Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Erna Schulz Charitable Foundation Inc
Erna Schulz Charitable Foundation Inc (EIN: 133977549) is a nonprofit organization based in Scottsdale, AZ, classified under NTEE code T50Z. The organization reported total revenue of $898K and total assets of $2.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Erna Schulz Charitable Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Erna Schulz Charitable Foundation Inc is a small nonprofit that has been operating for 28 years, with 6 years of IRS 990 filings on record (2011–2019). Revenue has grown at a compound annual rate of -5.6%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $70K |
| Total Expenses | $181K |
| Surplus / Deficit | $-110,702 |
| Total Assets | $2.2M |
| Total Liabilities | $1 |
| Net Assets | $2.2M |
| Operating Margin | -158.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 146.3 months |
Financial Health Grade: B
In 2019, Erna Schulz Charitable Foundation Inc reported a deficit of $111K with expenses exceeding revenue, holds 146.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 6 years of filings (2011–2019), Erna Schulz Charitable Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -5.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | +1767.6% | -11.1% | -3.9% |
| 2015 | -98.4% | +34.8% | -10.4% |
| 2014 | +4.1% | -20.8% | +0.0% |
| 2013 | +93.5% | -2.1% | +1.6% |
| 2012 | +3.1% | -6.6% | +2.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
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 Erna Schulz Charitable Foundation Inc with a Mission Score of 75 out of 100 (Good). 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: 80%
- fundraising: 5%
According to IRS 990 filings, Erna Schulz Charitable Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $111K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that its executive leadership is either unpaid or compensated through other means not classified as officer compensation, which is highly efficient for an organization of its asset size ($2,200,823).
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 Erna Schulz Charitable Foundation Inc's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) in multiple periods, e.g., 2019 ($180,568 expenses vs. $69,866 revenue).
- Reliance on asset drawdowns for operations, which could deplete the endowment over time if not managed carefully.
Strengths
The following positive indicators were identified for Erna Schulz Charitable Foundation Inc:
- Strong asset base of over $2.2 million, providing financial stability.
- Extremely low liabilities (consistently $1), indicating excellent debt management.
- 0% officer compensation reported, suggesting highly efficient administrative costs at the executive level.
- Consistent IRS 990 filing history, demonstrating good transparency.
Frequently Asked Questions about Erna Schulz Charitable Foundation Inc
Is Erna Schulz Charitable Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Erna Schulz Charitable Foundation Inc (EIN: 133977549) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Erna Schulz Charitable Foundation Inc spend its money?
Erna Schulz Charitable Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Erna Schulz Charitable Foundation Inc tax-deductible?
Erna Schulz Charitable Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133977549). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does the Erna Schulz Charitable Foundation Inc. sustain its operations given its consistent revenue deficits?
The foundation appears to sustain its operations by drawing from its substantial asset base, which has consistently been over $2 million, rather than relying solely on annual revenue generation. This is evidenced by periods like 2019 where expenses ($180,568) significantly exceeded revenue ($69,866).
What are the primary program activities of the Erna Schulz Charitable Foundation Inc.?
Based on the NTEE code T50Z (Philanthropy, Voluntarism, and Grantmaking Foundations - General), the foundation likely engages in grantmaking or other philanthropic activities. However, specific program details are not available in the provided financial summary.
Is the lack of officer compensation sustainable for the foundation's long-term operations?
While the lack of officer compensation is a positive for administrative efficiency and donor confidence, its long-term sustainability depends on the nature of the foundation's operations and whether it relies on volunteer leadership or other forms of non-officer compensation for its management.
Filing History
IRS 990 filing history for Erna Schulz Charitable Foundation Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2019), Erna Schulz Charitable Foundation Inc's revenue has declined by 36.8%, moving from $110K to $70K. Total assets decreased by 10.8% over the same period, from $2.5M to $2.2M. Total functional expenses fell by 13.3%, from $208K to $181K. In its most recent filing year (2019), Erna Schulz Charitable Foundation Inc reported a deficit of $111K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $70K | $181K | $2.2M | $1 | — | View 990 |
| 2015 | $4K | $203K | $2.3M | $1 | — | View 990 |
| 2014 | $230K | $151K | $2.6M | $1 | — | View 990 |
| 2013 | $220K | $190K | $2.6M | $1 | — | View 990 |
| 2012 | $114K | $194K | $2.5M | $1 | — | View 990 |
| 2011 | $110K | $208K | $2.5M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $70K, expenses of $181K, and assets of $2.2M (revenue +1767.6% year-over-year).
- 2015: Revenue of $4K, expenses of $203K, and assets of $2.3M (revenue -98.4% year-over-year).
- 2014: Revenue of $230K, expenses of $151K, and assets of $2.6M (revenue +4.1% year-over-year).
- 2013: Revenue of $220K, expenses of $190K, and assets of $2.6M (revenue +93.5% year-over-year).
- 2012: Revenue of $114K, expenses of $194K, and assets of $2.5M (revenue +3.1% year-over-year).
- 2011: Revenue of $110K, expenses of $208K, and assets of $2.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Erna Schulz Charitable Foundation Inc:
Data Sources and Methodology
This transparency report for Erna Schulz Charitable Foundation 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.