Frieda And Leon Steinberg Charitable Foundation
Frieda And Leon Steinberg Charitable Foundation consistently spends more than it earns, depleting assets.
EIN: 201986221 · Las Vegas, NV · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $132K |
| Program Spending | 85% |
| Net Assets | $540K |
| Transparency Score | 45/100 |
Is Frieda And Leon Steinberg Charitable Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Frieda And Leon Steinberg Charitable Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Frieda And Leon Steinberg Charitable Foundation
Frieda And Leon Steinberg Charitable Foundation (EIN: 201986221) is a nonprofit organization based in Las Vegas, NV, classified under NTEE code T22. The organization reported total revenue of $1.8M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Frieda And Leon Steinberg Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Frieda And Leon Steinberg Charitable Foundation is a mid-size nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -6.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $14K |
| Total Expenses | $132K |
| Surplus / Deficit | $-118,268 |
| Total Assets | $540K |
| Total Liabilities | $1 |
| Net Assets | $540K |
| Operating Margin | -847.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 49.0 months |
Financial Health Grade: B
In 2023, Frieda And Leon Steinberg Charitable Foundation reported a deficit of $118K with expenses exceeding revenue, holds 49.0 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), Frieda And Leon Steinberg Charitable Foundation's revenue has declined at a compound annual growth rate (CAGR) of -6.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -501.1% | +9.8% | -20.1% |
| 2021 | +206.6% | -34.5% | -9.5% |
| 2020 | -81.3% | -2.0% | -14.3% |
| 2019 | -83.2% | +32.8% | +2816.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Frieda And Leon Steinberg Charitable 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Frieda And Leon Steinberg Charitable Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 deficit of $118K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the foundation, which is highly efficient for an organization of its size.
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 Frieda And Leon Steinberg Charitable Foundation's IRS 990 filings:
- Consistent and significant operating deficits, with expenses far exceeding revenue in multiple recent periods (e.g., $132,230 expenses vs. $13,962 revenue in 2023).
- Negative revenue reported in 2022 ($-47,821), indicating substantial losses or returns.
- Significant decline in assets from $1,060,073 in 2019 to $540,421 in 2023, suggesting unsustainable spending.
- Lack of clear explanation in filings for how ongoing deficits will be managed or reversed.
Strengths
The following positive indicators were identified for Frieda And Leon Steinberg Charitable Foundation:
- Zero reported officer compensation across all filings, indicating highly efficient executive cost management.
- Very low liabilities across all periods, suggesting a fiscally conservative approach to debt.
- Maintains substantial assets ($1,091,395 latest reported) despite recent declines, providing some financial cushion.
- Consistent filing of IRS Form 990s, indicating transparency in reporting.
Frequently Asked Questions about Frieda And Leon Steinberg Charitable Foundation
Is Frieda And Leon Steinberg Charitable Foundation a legitimate charity?
Frieda And Leon Steinberg Charitable Foundation (EIN: 201986221) is a registered tax-exempt nonprofit based in Nevada. Our AI analysis gives it a Mission Score of 45/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.8M. 4 red flags identified. 4 strengths noted. Financial health grade: B.
How does Frieda And Leon Steinberg Charitable Foundation spend its money?
Frieda And Leon Steinberg Charitable Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Frieda And Leon Steinberg Charitable Foundation tax-deductible?
Frieda And Leon Steinberg Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 201986221). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Frieda And Leon Steinberg Charitable Foundation's spending goes to programs?
Frieda And Leon Steinberg Charitable Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Frieda And Leon Steinberg Charitable Foundation compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Frieda And Leon Steinberg Charitable Foundation is near average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Frieda And Leon Steinberg Charitable Foundation located?
Frieda And Leon Steinberg Charitable Foundation is headquartered in Las Vegas, Nevada and files with the IRS under EIN 201986221. It is classified under NTEE code T22.
How many years of IRS 990 filings does Frieda And Leon Steinberg Charitable Foundation have?
Frieda And Leon Steinberg Charitable 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 $1.8M in total revenue.
How does the foundation plan to address its consistent operating deficits, such as the $118,268 deficit in 2023 ($13,962 revenue vs. $132,230 expenses)?
The filings do not provide a strategic plan for addressing the recurring and substantial deficits. This trend of spending significantly more than revenue is unsustainable long-term.
What is the source of the negative revenue reported in 2022 ($-47,821)?
Negative revenue typically indicates significant investment losses or returns of contributions. The 990 summary does not detail the specific cause, but it's a notable financial event.
What is the specific breakdown of program spending versus administrative costs, given the foundation's role as a grantmaker?
The provided summary data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories, making it difficult to precisely assess efficiency in these areas. However, as a private foundation, most expenses are typically grants (program) and associated operational costs (admin).
Why have the foundation's assets decreased by nearly 50% from $1,060,073 in 2019 to $540,421 in 2023?
The decline in assets is directly correlated with the consistent operating deficits, where expenses have regularly outstripped revenue, leading to the use of existing assets to cover operational costs and grants.
Filing History
IRS 990 filing history for Frieda And Leon Steinberg Charitable Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Frieda And Leon Steinberg Charitable Foundation's revenue has declined by 56.1%, moving from $32K to $14K. Total assets decreased by 7% over the same period, from $581K to $540K. Total functional expenses fell by 67.6%, from $408K to $132K. In its most recent filing year (2023), Frieda And Leon Steinberg Charitable Foundation reported a deficit of $118K, with expenses exceeding revenue. The organization holds $1 in liabilities against $540K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $540K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $14K | $132K | $540K | $1 | — | — |
| 2022 | $-47,821 | $111K | $657K | $1 | — | View 990 |
| 2021 | $12K | $101K | $823K | $5K | — | View 990 |
| 2020 | $4K | $154K | $909K | $1K | — | View 990 |
| 2019 | $21K | $157K | $1.1M | $1 | — | View 990 |
| 2015 | $124K | $118K | $36K | $1 | — | View 990 |
| 2014 | $291K | $364K | $161K | $1 | — | View 990 |
| 2013 | $453K | $206K | $461K | $1 | — | View 990 |
| 2012 | $43K | $416K | $212K | $1 | — | View 990 |
| 2011 | $32K | $408K | $581K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $14K, expenses of $132K, and assets of $540K.
- 2022: Revenue of $-47,821, expenses of $111K, and assets of $657K (revenue -501.1% year-over-year).
- 2021: Revenue of $12K, expenses of $101K, and assets of $823K (revenue +206.6% year-over-year).
- 2020: Revenue of $4K, expenses of $154K, and assets of $909K (revenue -81.3% year-over-year).
- 2019: Revenue of $21K, expenses of $157K, and assets of $1.1M (revenue -83.2% year-over-year).
- 2015: Revenue of $124K, expenses of $118K, and assets of $36K (revenue -57.6% year-over-year).
- 2014: Revenue of $291K, expenses of $364K, and assets of $161K (revenue -35.7% year-over-year).
- 2013: Revenue of $453K, expenses of $206K, and assets of $461K (revenue +965.0% year-over-year).
- 2012: Revenue of $43K, expenses of $416K, and assets of $212K (revenue +33.6% year-over-year).
- 2011: Revenue of $32K, expenses of $408K, and assets of $581K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Frieda And Leon Steinberg Charitable Foundation:
Data Sources and Methodology
This transparency report for Frieda And Leon Steinberg Charitable 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.