Marjorie & Clarence E Unterberg Foundation Inc
Marjorie & Clarence E Unterberg Foundation Inc faces consistent operational deficits and declining assets.
EIN: 133792809 · Rumson, NJ · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.0M |
| Total Expenses | $1.3M |
| Program Spending | 90% |
| Net Assets | $1.6M |
| Transparency Score | 60/100 |
Is Marjorie & Clarence E Unterberg Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Marjorie & Clarence E Unterberg Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Marjorie & Clarence E Unterberg Foundation Inc
Marjorie & Clarence E Unterberg Foundation Inc (EIN: 133792809) is a nonprofit organization based in Rumson, NJ. The organization reported total revenue of $3.0M and total assets of $2K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Marjorie & Clarence E Unterberg Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Marjorie & Clarence E Unterberg Foundation Inc is a mid-size nonprofit that has been operating for 32 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -22.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $89K |
| Total Expenses | $1.3M |
| Surplus / Deficit | $-1,194,433 |
| Total Assets | $1.6M |
| Total Liabilities | $1 |
| Net Assets | $1.6M |
| Operating Margin | -1335.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 14.9 months |
Financial Health Grade: B
In 2023, Marjorie & Clarence E Unterberg Foundation Inc reported a deficit of $1.2M with expenses exceeding revenue, holds 14.9 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), Marjorie & Clarence E Unterberg Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -22.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -102.7% | -71.0% | -9.5% |
| 2020 | -173.2% | +126.4% | -36.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
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 Marjorie & Clarence E Unterberg Foundation Inc with a Mission Score of 60 out of 100 (Good). 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, Marjorie & Clarence E Unterberg 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 $1.2M, 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 no salaries or other forms of compensation are paid to officers, which is a positive sign for resource allocation to its mission.
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 Marjorie & Clarence E Unterberg Foundation Inc's IRS 990 filings:
- Consistent operational deficits (expenses frequently exceed revenue, e.g., 2023: $89,449 revenue vs. $1,283,882 expenses)
- Significant and continuous decline in total assets (from $7,094,827 in 2011 to $1,597,953 in 2023)
- Frequent negative revenue figures (e.g., $-38,227 in 2022, $-159,395 in 2020), indicating investment losses or other financial challenges
- Liabilities consistently reported as $1, which may suggest incomplete financial disclosure.
Strengths
The following positive indicators were identified for Marjorie & Clarence E Unterberg Foundation Inc:
- No officer compensation reported across all filings, indicating efficient use of funds for leadership costs.
- Low administrative and fundraising overhead, as implied by the absence of officer compensation and focus on program spending.
Frequently Asked Questions about Marjorie & Clarence E Unterberg Foundation Inc
Is Marjorie & Clarence E Unterberg Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Marjorie & Clarence E Unterberg Foundation Inc (EIN: 133792809) some concerns. Mission Score: 60/100. 4 red flags identified, 2 strengths noted.
How does Marjorie & Clarence E Unterberg Foundation Inc spend its money?
Marjorie & Clarence E Unterberg Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Marjorie & Clarence E Unterberg Foundation Inc tax-deductible?
Marjorie & Clarence E Unterberg Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133792809). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Marjorie & Clarence E Unterberg Foundation Inc located?
Marjorie & Clarence E Unterberg Foundation Inc is headquartered in Rumson, New Jersey and files with the IRS under EIN 133792809.
How many years of IRS 990 filings does Marjorie & Clarence E Unterberg Foundation Inc have?
Marjorie & Clarence E Unterberg 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 $3.0M in total revenue.
What is the primary source of the foundation's revenue, given the frequent negative revenue figures?
The negative revenue figures suggest that the foundation's revenue is heavily reliant on investment returns, and these figures likely represent net investment losses in those specific periods, rather than a lack of incoming funds. Further detail on investment strategies would be needed.
How does the foundation sustain its operations with consistent deficit spending and declining assets?
The foundation appears to be drawing down its endowment or principal assets to cover expenses, as evidenced by the significant decline in total assets from over $7 million in 2011 to $1.5 million in 2023, while expenses frequently exceed revenue.
Why are liabilities consistently reported as $1 across all filings?
Reporting liabilities as a nominal $1 across all filings is unusual and may indicate a lack of detailed financial reporting for actual liabilities or that the foundation has virtually no outstanding obligations. This could be a transparency concern if actual liabilities are not being fully disclosed.
Filing History
IRS 990 filing history for Marjorie & Clarence E Unterberg Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Marjorie & Clarence E Unterberg Foundation Inc's revenue has declined by 95.2%, moving from $1.9M to $89K. Total assets decreased by 77.5% over the same period, from $7.1M to $1.6M. Total functional expenses fell by 9.2%, from $1.4M to $1.3M. In its most recent filing year (2023), Marjorie & Clarence E Unterberg Foundation Inc reported a deficit of $1.2M, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $89K | $1.3M | $1.6M | $1 | — | — |
| 2022 | $-38,227 | $256K | $2.8M | $1 | — | View 990 |
| 2021 | $1.4M | $882K | $3.1M | $1 | — | View 990 |
| 2020 | $-159,395 | $1.3M | $2.5M | $1 | — | — |
| 2019 | $218K | $569K | $4.0M | $1 | — | — |
| 2015 | $-36,720 | $849K | $4.3M | $1 | — | View 990 |
| 2014 | $815K | $119K | $5.0M | $1 | — | View 990 |
| 2013 | $-380,274 | $2.0M | $5.2M | $1 | — | View 990 |
| 2012 | $2.2M | $1.8M | $7.6M | $1 | — | View 990 |
| 2011 | $1.9M | $1.4M | $7.1M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $89K, expenses of $1.3M, and assets of $1.6M.
- 2022: Revenue of $-38,227, expenses of $256K, and assets of $2.8M (revenue -102.7% year-over-year).
- 2021: Revenue of $1.4M, expenses of $882K, and assets of $3.1M.
- 2020: Revenue of $-159,395, expenses of $1.3M, and assets of $2.5M (revenue -173.2% year-over-year).
- 2019: Revenue of $218K, expenses of $569K, and assets of $4.0M.
- 2015: Revenue of $-36,720, expenses of $849K, and assets of $4.3M (revenue -104.5% year-over-year).
- 2014: Revenue of $815K, expenses of $119K, and assets of $5.0M.
- 2013: Revenue of $-380,274, expenses of $2.0M, and assets of $5.2M (revenue -117.0% year-over-year).
- 2012: Revenue of $2.2M, expenses of $1.8M, and assets of $7.6M (revenue +18.6% year-over-year).
- 2011: Revenue of $1.9M, expenses of $1.4M, and assets of $7.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Marjorie & Clarence E Unterberg Foundation Inc:
Data Sources and Methodology
This transparency report for Marjorie & Clarence E Unterberg 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.