Foundation For Sephardic Studies Inc
Foundation For Sephardic Studies Inc shows growing revenue but lacks executive compensation transparency.
EIN: 112553513 · Brooklyn, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.0M |
| Total Expenses | $2.2M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $3.1M |
| Transparency Score | 65/100 |
Is Foundation For Sephardic Studies Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Foundation For Sephardic Studies Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Foundation For Sephardic Studies Inc
Foundation For Sephardic Studies Inc (EIN: 112553513) is a nonprofit organization based in Brooklyn, NY. The organization reported total revenue of $3.0M and total assets of $3.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Foundation For Sephardic Studies Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Foundation For Sephardic Studies Inc is a mid-size nonprofit that has been operating for 43 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $2.2M |
| Surplus / Deficit | +$59K |
| Total Assets | $3.9M |
| Total Liabilities | $843K |
| Net Assets | $3.1M |
| Operating Margin | 2.7% |
| Debt-to-Asset Ratio | 21.5% |
| Months of Reserves | 21.7 months |
Financial Health Grade: A
In 2023, Foundation For Sephardic Studies Inc reported a surplus of $59K with revenue exceeding expenses, holds 21.7 months of operating reserves (strong position), has a debt-to-asset ratio of 21.5% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Foundation For Sephardic Studies Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +29.1% | +6.8% | +1.1% |
| 2022 | +18.5% | +45.8% | -5.7% |
| 2021 | +32.5% | +9.6% | -1.7% |
| 2020 | -24.4% | -8.9% | -3.9% |
| 2019 | +17.6% | -0.6% | +1.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
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 Foundation For Sephardic Studies Inc with a Mission Score of 65 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, Foundation For Sephardic Studies 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $59K, with revenue exceeding expenses.
- Debt-to-asset ratio: 21.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an organization with over $2 million in annual expenses and nearly $4 million in assets. This lack of reported compensation could indicate a fully volunteer executive leadership or that compensation is being reported in other expense categories, which would reduce transparency.
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 Foundation For Sephardic Studies Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this size and could indicate a lack of transparency in executive remuneration.
- NTEE code is 'Unknown', making it difficult to benchmark financial performance and programmatic focus against peer organizations.
- Gradual decline in total assets over the past decade, from $4,903,005 in 2014 to $3,912,421 in 2023.
Strengths
The following positive indicators were identified for Foundation For Sephardic Studies Inc:
- Consistent financial stability with assets significantly exceeding liabilities.
- Strong recent revenue growth, increasing from $1,095,709 in 2020 to $2,221,688 in 2023.
- Generally operates with a surplus or manageable deficit, indicating prudent expense management (e.g., 2023 revenue of $2,221,688 vs. expenses of $2,162,409).
Frequently Asked Questions about Foundation For Sephardic Studies Inc
Is Foundation For Sephardic Studies Inc a legitimate charity?
Foundation For Sephardic Studies Inc (EIN: 112553513) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.0M. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Foundation For Sephardic Studies Inc spend its money?
Foundation For Sephardic Studies Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Foundation For Sephardic Studies Inc tax-deductible?
Foundation For Sephardic Studies Inc is registered as a tax-exempt nonprofit (EIN: 112553513). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Foundation For Sephardic Studies Inc CEO make?
Foundation For Sephardic Studies Inc's highest-compensated officer earns $2 annually. The organization reported $3.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Foundation For Sephardic Studies Inc's spending goes to programs?
Foundation For Sephardic Studies Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Foundation For Sephardic Studies Inc located?
Foundation For Sephardic Studies Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 112553513.
How many years of IRS 990 filings does Foundation For Sephardic Studies Inc have?
Foundation For Sephardic Studies Inc has 13 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 $3.0M in total revenue.
Is Foundation For Sephardic Studies Inc a good charity?
The Foundation For Sephardic Studies Inc appears to be a financially stable organization with growing revenue. Its consistent reporting of 0% officer compensation is unusual and warrants further investigation to understand the full picture of its operational costs and leadership structure. Without a clear NTEE code or detailed program spending breakdown, it's challenging to fully assess its programmatic impact and efficiency.
Why is officer compensation consistently 0%?
The consistent reporting of 0% officer compensation across all filings is a significant data point. It could mean that the organization is entirely run by volunteers at the executive level, or that compensation for key individuals is being categorized differently, which would impact the transparency of its financial reporting.
What is the trend in the organization's assets?
The organization's assets have shown a gradual decline over the past decade, from a high of $4,903,005 in 2014 to $3,912,421 in 2023. Despite this decline, assets remain substantial relative to its annual expenses and liabilities.
How has the organization's revenue changed recently?
The organization has experienced significant revenue growth in recent years, increasing from $1,095,709 in 2020 to $2,221,688 in 2023, indicating a positive trend in its financial support.
Filing History
IRS 990 filing history for Foundation For Sephardic Studies Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Foundation For Sephardic Studies Inc's revenue has grown by 102.2%, moving from $1.1M to $2.2M. Total assets decreased by 24.7% over the same period, from $5.2M to $3.9M. Total functional expenses rose by 79.6%, from $1.2M to $2.2M. In its most recent filing year (2023), Foundation For Sephardic Studies Inc reported a surplus of $59K, with revenue exceeding expenses. The organization holds $843K in liabilities against $3.9M in assets (debt-to-asset ratio: 21.5%), resulting in net assets of $3.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $2.2M | $3.9M | $843K | — | View 990 |
| 2022 | $1.7M | $2.0M | $3.9M | $860K | — | — |
| 2021 | $1.5M | $1.4M | $4.1M | $789K | — | View 990 |
| 2020 | $1.1M | $1.3M | $4.2M | $923K | — | View 990 |
| 2019 | $1.4M | $1.4M | $4.3M | $923K | — | View 990 |
| 2018 | $1.2M | $1.4M | $4.3M | $933K | — | View 990 |
| 2017 | $1.3M | $1.3M | $4.5M | $965K | — | — |
| 2016 | $1.1M | $1.3M | $4.6M | $1.0M | — | View 990 |
| 2015 | $1.4M | $1.3M | $4.8M | $1.0M | — | View 990 |
| 2014 | $1.2M | $1.1M | $4.9M | $1.2M | — | View 990 |
| 2013 | $874K | $967K | $4.9M | $1.4M | — | View 990 |
| 2012 | $1.0M | $997K | $5.1M | $1.5M | — | View 990 |
| 2011 | $1.1M | $1.2M | $5.2M | $1.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $2.2M, and assets of $3.9M (revenue +29.1% year-over-year).
- 2022: Revenue of $1.7M, expenses of $2.0M, and assets of $3.9M (revenue +18.5% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.4M, and assets of $4.1M (revenue +32.5% year-over-year).
- 2020: Revenue of $1.1M, expenses of $1.3M, and assets of $4.2M (revenue -24.4% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.4M, and assets of $4.3M (revenue +17.6% year-over-year).
- 2018: Revenue of $1.2M, expenses of $1.4M, and assets of $4.3M (revenue -2.5% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.3M, and assets of $4.5M (revenue +14.7% year-over-year).
- 2016: Revenue of $1.1M, expenses of $1.3M, and assets of $4.6M (revenue -22.4% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.3M, and assets of $4.8M (revenue +18.5% year-over-year).
- 2014: Revenue of $1.2M, expenses of $1.1M, and assets of $4.9M (revenue +37.1% year-over-year).
- 2013: Revenue of $874K, expenses of $967K, and assets of $4.9M (revenue -14.0% year-over-year).
- 2012: Revenue of $1.0M, expenses of $997K, and assets of $5.1M (revenue -7.5% year-over-year).
- 2011: Revenue of $1.1M, expenses of $1.2M, and assets of $5.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Foundation For Sephardic Studies Inc:
Data Sources and Methodology
This transparency report for Foundation For Sephardic Studies 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.