Goldman Sonnenfeldt Foundation Inc
Goldman Sonnenfeldt Foundation maintains strong assets despite fluctuating revenues and recent deficit spending.
EIN: 133997780 · New York, NY · NTEE: Q117 · Updated: 2026-03-28
Is Goldman Sonnenfeldt Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Goldman Sonnenfeldt Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Goldman Sonnenfeldt Foundation Inc
Goldman Sonnenfeldt Foundation Inc (EIN: 133997780) is a nonprofit organization based in New York, NY, classified under NTEE code Q117. The organization reported total revenue of $4.1M and total assets of $24.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Goldman Sonnenfeldt Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Goldman Sonnenfeldt Foundation Inc 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Goldman Sonnenfeldt Foundation Inc allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers are either unpaid volunteers or their compensation is not reported in this category, which is highly favorable for a foundation of its size with assets exceeding $27 million.
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 Goldman Sonnenfeldt Foundation Inc's IRS 990 filings:
- Significant year-over-year revenue volatility, making future income less predictable.
- Expenses exceeded revenue in the latest filing period (202312), leading to a net deficit for the year.
Strengths
The following positive indicators were identified for Goldman Sonnenfeldt Foundation Inc:
- Strong asset base, with $27,195,536 in assets as of 202312, providing financial resilience.
- Consistent 0% officer compensation reported, indicating highly efficient or volunteer leadership.
- Low liabilities relative to assets, with liabilities at $217,560 against $27,195,536 in assets in 202312.
Frequently Asked Questions about Goldman Sonnenfeldt Foundation Inc
Is Goldman Sonnenfeldt Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Goldman Sonnenfeldt Foundation Inc (EIN: 133997780) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Goldman Sonnenfeldt Foundation Inc spend its money?
Goldman Sonnenfeldt Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Goldman Sonnenfeldt Foundation Inc tax-deductible?
Goldman Sonnenfeldt Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133997780). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Goldman Sonnenfeldt Foundation Inc. financially stable?
Yes, the foundation appears financially stable, primarily due to its substantial assets of $27,195,536 as of the 202312 filing, which can absorb periods where expenses exceed revenue, such as in 202312.
What is the trend in the foundation's revenue?
The foundation's revenue has been highly variable, ranging from $69,546 in 201112 to $12,431,478 in 202112, suggesting reliance on significant, potentially irregular contributions rather than consistent, smaller donations.
How does the foundation manage its administrative costs?
The consistent reporting of 0% officer compensation across all filings suggests very low or non-existent executive administrative costs, indicating a highly efficient or volunteer-driven leadership structure.
Filing History
IRS 990 filing history for Goldman Sonnenfeldt Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Goldman Sonnenfeldt Foundation Inc's revenue has grown by 5207.7%, moving from $70K to $3.7M. Total assets increased by 319.8% over the same period, from $6.5M to $27.2M. Total functional expenses rose by 11%, from $3.7M to $4.1M. In its most recent filing year (2023), Goldman Sonnenfeldt Foundation Inc reported a deficit of $450K, with expenses exceeding revenue. The organization holds $218K in liabilities against $27.2M in assets (debt-to-asset ratio: 0.8%), resulting in net assets of $27.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $3.7M | $4.1M | $27.2M | $218K | — | View 990 |
| 2022 | $6.6M | $3.2M | $27.6M | $203K | — | View 990 |
| 2021 | $12.4M | $1.9M | $24.2M | $219K | — | View 990 |
| 2020 | $696K | $1.1M | $13.6M | $124K | — | View 990 |
| 2019 | $6.2M | $280K | $14.1M | $84K | — | — |
| 2015 | $136K | $884K | $4.5M | $2K | — | View 990 |
| 2014 | $469K | $1.8M | $5.2M | $4K | — | View 990 |
| 2013 | $1.4M | $1.2M | $6.6M | $357 | — | View 990 |
| 2012 | $562K | $747K | $6.5M | $14K | — | View 990 |
| 2011 | $70K | $3.7M | $6.5M | $9K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.7M, expenses of $4.1M, and assets of $27.2M (revenue -44.0% year-over-year).
- 2022: Revenue of $6.6M, expenses of $3.2M, and assets of $27.6M (revenue -47.0% year-over-year).
- 2021: Revenue of $12.4M, expenses of $1.9M, and assets of $24.2M (revenue +1685.7% year-over-year).
- 2020: Revenue of $696K, expenses of $1.1M, and assets of $13.6M (revenue -88.7% year-over-year).
- 2019: Revenue of $6.2M, expenses of $280K, and assets of $14.1M (revenue +4438.2% year-over-year).
- 2015: Revenue of $136K, expenses of $884K, and assets of $4.5M (revenue -71.0% year-over-year).
- 2014: Revenue of $469K, expenses of $1.8M, and assets of $5.2M (revenue -65.7% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.2M, and assets of $6.6M (revenue +143.0% year-over-year).
- 2012: Revenue of $562K, expenses of $747K, and assets of $6.5M (revenue +708.5% year-over-year).
- 2011: Revenue of $70K, expenses of $3.7M, and assets of $6.5M.
Data Sources and Methodology
This transparency report for Goldman Sonnenfeldt 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.