Korobkin Foundation Inc
Korobkin Foundation maintains stable assets with volunteer leadership and fluctuating annual revenue.
EIN: 133985413 · Riverside, CT · NTEE: T20Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $51K |
| Total Expenses | $29K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $51,452. |
| Net Assets | $234K |
| Transparency Score | 85/100 |
Search Intent Cockpit
Korobkin Foundation Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Korobkin Foundation Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Korobkin Foundation Inc in one place.
Form 990 Filing Summary
10 filing years are available, with latest revenue of $28K and expenses of $29K.
Revenue and Expenses
Korobkin Foundation Inc reported $28K in revenue and $29K in expenses, a deficit of $834.
Executive Compensation
Top officer compensation appears as $51,452. in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
85/100 mission score, 0 red flags, and 4 strengths are shown from structured and AI review.
Is Korobkin Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $26K (90%) |
Across stored filings, Korobkin Foundation Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Appears Legitimate | Good filing record; no red flags identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade B | 10 stored filing years |
| Peer context | Compare with Teen Center Of Wilton Inc | Connecticut and Philanthropy context |
Trust Check
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Local and Sector Spokes
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Riverside, CT nonprofitsPhilanthropy in Connecticut
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Keep the Investigation Moving
Korobkin Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Korobkin Foundation Inc
Korobkin Foundation Inc (EIN: 133985413) is a nonprofit organization based in Riverside, CT, classified under NTEE code T20Z. The organization reported total revenue of $51K and total assets of $250K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Korobkin Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Korobkin Foundation Inc is a micro nonprofit that has been operating for 28 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $28K |
| Total Expenses | $29K |
| Surplus / Deficit | $-834 |
| Total Assets | $234K |
| Total Liabilities | $1 |
| Net Assets | $234K |
| Operating Margin | -3.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 97.4 months |
Financial Health Grade: B
In 2023, Korobkin Foundation Inc reported a deficit of $834 with expenses exceeding revenue, holds 97.4 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), Korobkin Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -45.4% | -23.5% | -0.4% |
| 2022 | -49.1% | -26.3% | +6.2% |
| 2021 | +101.4% | +24.8% | -7.3% |
| 2020 | +71.4% | +45.4% | +4.0% |
| 2019 | +53.7% | +28.0% | +0.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
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 Korobkin 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: 90%
- fundraising: 0%
According to IRS 990 filings, Korobkin Foundation Inc 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 $834, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization is likely run by volunteers or that compensation is covered by an external entity, which is highly efficient for an organization of its size with latest revenue of $51,452.
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.
Strengths
The following positive indicators were identified for Korobkin Foundation Inc:
- Consistent zero officer compensation, indicating high efficiency and volunteer-led operations.
- Stable asset base, demonstrating financial resilience and long-term planning.
- Regular IRS 990 filings, showing commitment to transparency and compliance.
- Low liabilities ($1 across all filings), indicating strong financial health and minimal debt.
Frequently Asked Questions about Korobkin Foundation Inc
Is Korobkin Foundation Inc a legitimate charity?
Korobkin Foundation Inc (EIN: 133985413) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $51K. No red flags identified. 4 strengths noted. Financial health grade: B.
How does Korobkin Foundation Inc spend its money?
Korobkin Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Korobkin Foundation Inc tax-deductible?
Korobkin Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133985413). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Korobkin Foundation Inc CEO make?
Korobkin Foundation Inc's highest-compensated officer earns $51,452. annually. The organization reported $51K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Korobkin Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Korobkin Foundation Inc is above average for NTEE category T20Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Korobkin Foundation Inc located?
Korobkin Foundation Inc is headquartered in Riverside, Connecticut and files with the IRS under EIN 133985413. It is classified under NTEE code T20Z.
How many years of IRS 990 filings does Korobkin Foundation Inc have?
Korobkin Foundation Inc 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 $51K in total revenue.
Is Korobkin Foundation Inc. a good charity?
Based on the available data, the Korobkin Foundation Inc. appears to be a well-managed organization. It maintains a stable asset base, consistently reports zero officer compensation, and files its IRS 990s regularly, indicating good transparency and financial prudence. The lack of executive compensation suggests a high percentage of funds are available for its mission.
How does the Korobkin Foundation manage its expenses?
The foundation's expenses generally track its revenue, with expenses of $28,800 against revenue of $27,966 in 2023 and $37,658 against $51,252 in 2022. The consistent reporting of zero officer compensation suggests a very lean administrative structure, likely relying on volunteer efforts, which minimizes overhead.
What is the trend in the foundation's assets?
The foundation's assets have remained remarkably stable over the past decade, fluctuating between approximately $220,000 and $250,000. The latest reported assets are $250,222, showing a slight increase from previous years, indicating sound financial management and preservation of capital.
Filing History
IRS 990 filing history for Korobkin Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Korobkin Foundation Inc's revenue has grown by 29.3%, moving from $22K to $28K. Total assets increased by 6.1% over the same period, from $220K to $234K. Total functional expenses rose by 102.5%, from $14K to $29K. In its most recent filing year (2023), Korobkin Foundation Inc reported a deficit of $834, with expenses exceeding revenue. The organization holds $1 in liabilities against $234K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $234K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $28K | $29K | $234K | $1 | — | — |
| 2022 | $51K | $38K | $235K | $1 | — | View 990 |
| 2021 | $101K | $51K | $221K | $1 | — | — |
| 2020 | $50K | $41K | $238K | $1 | — | — |
| 2019 | $29K | $28K | $229K | $1 | — | View 990 |
| 2015 | $19K | $22K | $227K | $1 | — | View 990 |
| 2014 | $28K | $21K | $230K | $1 | — | View 990 |
| 2013 | $21K | $18K | $223K | $1 | — | View 990 |
| 2012 | $15K | $15K | $220K | $1 | — | View 990 |
| 2011 | $22K | $14K | $220K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $28K, expenses of $29K, and assets of $234K (revenue -45.4% year-over-year).
- 2022: Revenue of $51K, expenses of $38K, and assets of $235K (revenue -49.1% year-over-year).
- 2021: Revenue of $101K, expenses of $51K, and assets of $221K (revenue +101.4% year-over-year).
- 2020: Revenue of $50K, expenses of $41K, and assets of $238K (revenue +71.4% year-over-year).
- 2019: Revenue of $29K, expenses of $28K, and assets of $229K (revenue +53.7% year-over-year).
- 2015: Revenue of $19K, expenses of $22K, and assets of $227K (revenue -33.0% year-over-year).
- 2014: Revenue of $28K, expenses of $21K, and assets of $230K (revenue +37.6% year-over-year).
- 2013: Revenue of $21K, expenses of $18K, and assets of $223K (revenue +40.8% year-over-year).
- 2012: Revenue of $15K, expenses of $15K, and assets of $220K (revenue -32.4% year-over-year).
- 2011: Revenue of $22K, expenses of $14K, and assets of $220K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Korobkin Foundation Inc:
Data Sources and Methodology
This transparency report for Korobkin 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.