Kohn Joseloff Foundation Inc
Kohn Joseloff Foundation maintains over $6 million in assets with no officer compensation reported, experiencing fluctuating revenues and occasional expense deficits.
EIN: 136062846 · Bloomfield, CT · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $503K |
| Total Expenses | $271K |
| Program Spending | 85% |
| Net Assets | $6.4M |
| Transparency Score | 85/100 |
Is Kohn Joseloff Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kohn Joseloff Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kohn Joseloff Foundation Inc
Kohn Joseloff Foundation Inc (EIN: 136062846) is a nonprofit organization based in Bloomfield, CT. The organization reported total revenue of $503K and total assets of $6.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kohn Joseloff Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kohn Joseloff Foundation Inc is a small nonprofit that has been operating for 88 years, with 8 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of -14.1%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $114K |
| Total Expenses | $271K |
| Surplus / Deficit | $-156,474 |
| Total Assets | $6.4M |
| Total Liabilities | $1 |
| Net Assets | $6.4M |
| Operating Margin | -136.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 285.6 months |
Financial Health Grade: B
In 2021, Kohn Joseloff Foundation Inc reported a deficit of $156K with expenses exceeding revenue, holds 285.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 8 years of filings (2011–2021), Kohn Joseloff Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -14.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | -82.1% | -26.1% | -2.4% |
| 2020 | +61.6% | +59.7% | +4.3% |
| 2019 | -72.5% | -31.0% | -5.0% |
| 2015 | +61.4% | -77.1% | +19.8% |
| 2014 | +74.5% | +27.1% | -9.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1938 |
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 Kohn Joseloff 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Kohn Joseloff Foundation Inc 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 (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $156K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through other means not categorized as officer compensation, which is a strong positive for resource allocation.
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 Kohn Joseloff Foundation Inc's IRS 990 filings:
- Occasional significant expense deficits (e.g., 2021 expenses $270,818 vs. revenue $114,344), indicating reliance on asset drawdowns.
Strengths
The following positive indicators were identified for Kohn Joseloff Foundation Inc:
- Strong and consistent asset base, generally over $6 million, providing financial stability.
- No reported officer compensation across all filings, suggesting highly efficient administrative costs.
- Consistent filing of IRS Form 990s, demonstrating good transparency.
- Minimal liabilities reported across all periods, indicating a healthy balance sheet.
Frequently Asked Questions about Kohn Joseloff Foundation Inc
Is Kohn Joseloff Foundation Inc a legitimate charity?
Kohn Joseloff Foundation Inc (EIN: 136062846) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 85/100. It has 8 years of IRS 990 filings on record. Total revenue: $503K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Kohn Joseloff Foundation Inc spend its money?
Kohn Joseloff Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Kohn Joseloff Foundation Inc tax-deductible?
Kohn Joseloff Foundation Inc is registered as a tax-exempt nonprofit (EIN: 136062846). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Kohn Joseloff Foundation Inc's spending goes to programs?
Kohn Joseloff Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Kohn Joseloff Foundation Inc located?
Kohn Joseloff Foundation Inc is headquartered in Bloomfield, Connecticut and files with the IRS under EIN 136062846.
How many years of IRS 990 filings does Kohn Joseloff Foundation Inc have?
Kohn Joseloff Foundation Inc has 8 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 $503K in total revenue.
Is Kohn Joseloff Foundation Inc. a good charity?
Based on the available data, the Kohn Joseloff Foundation Inc. appears to be a well-managed private foundation with a substantial asset base and no reported officer compensation, suggesting efficient use of funds. Its consistent IRS 990 filings also indicate good transparency.
How does the foundation manage its expenses when revenue is lower?
The foundation likely draws from its significant asset base (e.g., $6.44 million in 2021) to cover expenses during periods when revenue is lower than expenditures, as seen in 2021 where expenses ($270,818) exceeded revenue ($114,344).
What is the primary source of the foundation's revenue?
While not explicitly detailed in the provided summary, given its nature as a foundation with substantial assets and fluctuating revenue, a significant portion of its revenue is likely derived from investment income on its endowment.
Does the foundation have any liabilities?
The foundation has reported minimal liabilities, with $1 in both 2021 and 2020, and $0 in 2019, 2015, 2014, 2013, 2012, and 2011, indicating a very strong financial position with little debt.
Filing History
IRS 990 filing history for Kohn Joseloff Foundation Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2021), Kohn Joseloff Foundation Inc's revenue has declined by 78.3%, moving from $526K to $114K. Total assets decreased by 11.6% over the same period, from $7.3M to $6.4M. Total functional expenses fell by 66%, from $797K to $271K. In its most recent filing year (2021), Kohn Joseloff Foundation Inc reported a deficit of $156K, with expenses exceeding revenue. The organization holds $1 in liabilities against $6.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $6.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $114K | $271K | $6.4M | $1 | — | — |
| 2020 | $638K | $367K | $6.6M | $1 | — | View 990 |
| 2019 | $395K | $230K | $6.3M | $0 | — | View 990 |
| 2015 | $1.4M | $333K | $6.7M | $0 | — | View 990 |
| 2014 | $890K | $1.5M | $5.6M | $0 | — | View 990 |
| 2013 | $510K | $1.1M | $6.1M | $0 | — | View 990 |
| 2012 | $778K | $1.3M | $6.8M | $0 | — | View 990 |
| 2011 | $526K | $797K | $7.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $114K, expenses of $271K, and assets of $6.4M (revenue -82.1% year-over-year).
- 2020: Revenue of $638K, expenses of $367K, and assets of $6.6M (revenue +61.6% year-over-year).
- 2019: Revenue of $395K, expenses of $230K, and assets of $6.3M (revenue -72.5% year-over-year).
- 2015: Revenue of $1.4M, expenses of $333K, and assets of $6.7M (revenue +61.4% year-over-year).
- 2014: Revenue of $890K, expenses of $1.5M, and assets of $5.6M (revenue +74.5% year-over-year).
- 2013: Revenue of $510K, expenses of $1.1M, and assets of $6.1M (revenue -34.5% year-over-year).
- 2012: Revenue of $778K, expenses of $1.3M, and assets of $6.8M (revenue +47.9% year-over-year).
- 2011: Revenue of $526K, expenses of $797K, and assets of $7.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kohn Joseloff Foundation Inc:
Data Sources and Methodology
This transparency report for Kohn Joseloff 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.