Herbert Smilowitz Foundation
Herbert Smilowitz Foundation maintains substantial assets with volunteer leadership, despite fluctuating annual revenues and occasional operating deficits.
EIN: 137171363 · Livingston, NJ · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $98K |
| Total Expenses | $465K |
| Program Spending | 90% |
| Net Assets | $4.2M |
| Transparency Score | 85/100 |
Is Herbert Smilowitz Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Herbert Smilowitz Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Herbert Smilowitz Foundation
Herbert Smilowitz Foundation (EIN: 137171363) is a nonprofit organization based in Livingston, NJ, classified under NTEE code T22. The organization reported total revenue of $98K and total assets of $3.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Herbert Smilowitz Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Herbert Smilowitz Foundation is a micro nonprofit that has been operating for 27 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 189.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $349K |
| Total Expenses | $465K |
| Surplus / Deficit | $-115,940 |
| Total Assets | $4.2M |
| Total Liabilities | $1 |
| Net Assets | $4.2M |
| Operating Margin | -33.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 108.2 months |
Financial Health Grade: B
In 2023, Herbert Smilowitz Foundation reported a deficit of $116K with expenses exceeding revenue, holds 108.2 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), Herbert Smilowitz Foundation's revenue has grown at a compound annual growth rate (CAGR) of 189.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -39.7% | -3.8% | +18.5% |
| 2022 | -61.4% | +11.4% | +3.1% |
| 2021 | +267.8% | +3.3% | +0.1% |
| 2020 | +8.9% | +3.1% | +23.2% |
| 2019 | +246.8% | -1.7% | -15.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
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 Herbert Smilowitz 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Herbert Smilowitz Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $116K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for an organization with multi-million dollar assets.
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 Herbert Smilowitz Foundation's IRS 990 filings:
- Significant revenue volatility year-over-year, making financial planning potentially challenging.
- Expenses exceeded revenue in the latest filing (2023), indicating a draw from assets or prior year surpluses.
Strengths
The following positive indicators were identified for Herbert Smilowitz Foundation:
- Consistent multi-million dollar asset base, providing long-term stability.
- Zero officer compensation, indicating highly efficient use of funds and volunteer leadership.
- Extremely low liabilities ($1 across most years), demonstrating strong financial health and minimal debt.
- Strong program focus implied by the nature of a private grantmaking foundation and lack of fundraising expenses.
Frequently Asked Questions about Herbert Smilowitz Foundation
Is Herbert Smilowitz Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Herbert Smilowitz Foundation (EIN: 137171363) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Herbert Smilowitz Foundation spend its money?
Herbert Smilowitz Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Herbert Smilowitz Foundation tax-deductible?
Herbert Smilowitz Foundation is registered as a tax-exempt nonprofit (EIN: 137171363). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Herbert Smilowitz Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Herbert Smilowitz Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Herbert Smilowitz Foundation located?
Herbert Smilowitz Foundation is headquartered in Livingston, New Jersey and files with the IRS under EIN 137171363. It is classified under NTEE code T22.
How many years of IRS 990 filings does Herbert Smilowitz Foundation have?
Herbert Smilowitz 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 $98K in total revenue.
What are the primary program activities of the Herbert Smilowitz Foundation?
Based on the NTEE code T22 (Private Grantmaking Foundations), the foundation primarily engages in grantmaking activities, distributing funds to other organizations or individuals in line with its charitable purpose.
How does the foundation manage its significant asset base?
With assets consistently above $2.4 million and reaching over $4.1 million in 2023, the foundation likely employs professional investment management to preserve and grow its endowment, from which it makes grants.
Why does the foundation report $0 in officer compensation?
The consistent reporting of $0 in officer compensation suggests that the foundation's leadership (officers, directors, trustees) serves in a purely volunteer capacity, foregoing salaries or other forms of compensation from the organization.
Filing History
IRS 990 filing history for Herbert Smilowitz Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Herbert Smilowitz Foundation's revenue has grown by 34924200%, moving from $1 to $349K. Total assets increased by 74.4% over the same period, from $2.4M to $4.2M. In its most recent filing year (2023), Herbert Smilowitz Foundation reported a deficit of $116K, with expenses exceeding revenue. The organization holds $1 in liabilities against $4.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $349K | $465K | $4.2M | $1 | — | — |
| 2022 | $579K | $484K | $3.5M | $1 | — | View 990 |
| 2021 | $1.5M | $434K | $3.4M | $1 | — | View 990 |
| 2020 | $408K | $420K | $3.4M | $1 | — | View 990 |
| 2019 | $375K | $408K | $2.8M | $1 | — | — |
| 2015 | $108K | $415K | $3.3M | $1 | — | View 990 |
| 2014 | $529K | $469K | $3.6M | $1 | — | View 990 |
| 2013 | $0 | $0 | $2.4M | $0 | — | View 990 |
| 2012 | $452K | $225K | $3.0M | $1 | — | View 990 |
| 2011 | $1 | $0 | $2.4M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $349K, expenses of $465K, and assets of $4.2M (revenue -39.7% year-over-year).
- 2022: Revenue of $579K, expenses of $484K, and assets of $3.5M (revenue -61.4% year-over-year).
- 2021: Revenue of $1.5M, expenses of $434K, and assets of $3.4M (revenue +267.8% year-over-year).
- 2020: Revenue of $408K, expenses of $420K, and assets of $3.4M (revenue +8.9% year-over-year).
- 2019: Revenue of $375K, expenses of $408K, and assets of $2.8M (revenue +246.8% year-over-year).
- 2015: Revenue of $108K, expenses of $415K, and assets of $3.3M (revenue -79.6% year-over-year).
- 2014: Revenue of $529K, expenses of $469K, and assets of $3.6M.
- 2013: Revenue of $0, expenses of $0, and assets of $2.4M (revenue -100.0% year-over-year).
- 2012: Revenue of $452K, expenses of $225K, and assets of $3.0M (revenue +45174400.0% year-over-year).
- 2011: Revenue of $1, expenses of $0, and assets of $2.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Herbert Smilowitz Foundation:
Data Sources and Methodology
This transparency report for Herbert Smilowitz 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.