Micol Schejola Foundation
Micol Schejola Foundation consistently spends more than it earns, depleting assets by over 50% since 2012.
EIN: 137257959 · Wilmington, DE · NTEE: T12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.2M |
| Total Expenses | $958K |
| Program Spending | 80% |
| Net Assets | $4.2M |
| Transparency Score | 55/100 |
Is Micol Schejola Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Micol Schejola Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Micol Schejola Foundation
Micol Schejola Foundation (EIN: 137257959) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T12. The organization reported total revenue of $3.2M and total assets of $4.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Micol Schejola Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Micol Schejola Foundation is a mid-size nonprofit that has been operating for 25 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $341K |
| Total Expenses | $958K |
| Surplus / Deficit | $-616,681 |
| Total Assets | $4.2M |
| Total Liabilities | $1 |
| Net Assets | $4.2M |
| Operating Margin | -180.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 52.1 months |
Financial Health Grade: B
In 2023, Micol Schejola Foundation reported a deficit of $617K with expenses exceeding revenue, holds 52.1 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), Micol Schejola Foundation's revenue has declined at a compound annual growth rate (CAGR) of -2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +63.7% | -1.8% | -12.9% |
| 2022 | -34.8% | +32.2% | -13.8% |
| 2021 | -79.4% | +25.9% | -7.0% |
| 2019 | -173.7% | -22.2% | -34.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
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 Micol Schejola Foundation with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Micol Schejola Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $617K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Micol Schejola Foundation reports 0% officer compensation across all available filings, indicating a volunteer-led executive structure, which is highly efficient and suggests a strong commitment to the mission without drawing salaries from the organization's funds.
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 Micol Schejola Foundation's IRS 990 filings:
- Consistent operational deficits: Expenses have significantly outpaced revenue in most reported years (e.g., $957,685 expenses vs. $341,004 revenue in 2023).
- Significant asset depletion: Total assets have decreased from $9,858,005 in 2012 to $4,159,584 in 2023, indicating a spending down of capital.
- Unstable revenue streams: Revenue has been highly variable, with large spikes in some years but generally insufficient to cover expenses in others.
Strengths
The following positive indicators were identified for Micol Schejola Foundation:
- Zero officer compensation: No executive salaries reported, indicating efficient use of funds at the leadership level.
- Minimal liabilities: The organization consistently reports very low liabilities (often $1), suggesting good management of debt and obligations.
- Consistent IRS 990 filings: A history of 10 filings demonstrates transparency and compliance with reporting requirements.
Frequently Asked Questions about Micol Schejola Foundation
Is Micol Schejola Foundation a legitimate charity?
Micol Schejola Foundation (EIN: 137257959) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 55/100. It has 10 years of IRS 990 filings on record. Total revenue: $3.2M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Micol Schejola Foundation spend its money?
Micol Schejola Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Micol Schejola Foundation tax-deductible?
Micol Schejola Foundation is registered as a tax-exempt nonprofit (EIN: 137257959). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Micol Schejola Foundation's spending goes to programs?
Micol Schejola Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Micol Schejola Foundation compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Micol Schejola Foundation is near average for NTEE category T12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Micol Schejola Foundation located?
Micol Schejola Foundation is headquartered in Wilmington, Delaware and files with the IRS under EIN 137257959. It is classified under NTEE code T12.
How many years of IRS 990 filings does Micol Schejola Foundation have?
Micol Schejola 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 $3.2M in total revenue.
Is the Micol Schejola Foundation financially sustainable?
Based on the consistent trend of expenses exceeding revenue and the significant decline in assets from $9.8 million in 2012 to $4.1 million in 2023, the foundation's current financial model does not appear sustainable in the long term without a substantial increase in consistent revenue or a reduction in spending.
What is the primary source of the foundation's funding?
While the filings show varying revenue figures, the consistent operational deficits suggest that the foundation is primarily drawing from its existing asset base or relying on sporadic, larger contributions, rather than a stable, recurring income stream that covers its annual expenses.
How does the lack of officer compensation impact the organization?
The absence of officer compensation indicates a volunteer-driven leadership, which can be a positive for donor confidence as funds are not used for executive salaries. However, it also raises questions about the capacity and time commitment of leadership to address the ongoing financial challenges.
Filing History
IRS 990 filing history for Micol Schejola Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Micol Schejola Foundation's revenue has declined by 26.2%, moving from $462K to $341K. Total assets decreased by 55.4% over the same period, from $9.3M to $4.2M. Total functional expenses rose by 30.9%, from $732K to $958K. In its most recent filing year (2023), Micol Schejola Foundation reported a deficit of $617K, 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 | $341K | $958K | $4.2M | $1 | — | — |
| 2022 | $208K | $976K | $4.8M | $1 | — | View 990 |
| 2021 | $319K | $738K | $5.5M | $1 | — | View 990 |
| 2020 | $1.6M | $586K | $6.0M | $1 | — | — |
| 2019 | $-67,985 | $748K | $5.0M | $1 | — | View 990 |
| 2015 | $92K | $960K | $7.7M | $1 | — | View 990 |
| 2014 | $92K | $796K | $8.5M | $1 | — | View 990 |
| 2013 | $93K | $718K | $9.2M | $0 | — | View 990 |
| 2012 | $1.7M | $1.2M | $9.9M | $1 | — | View 990 |
| 2011 | $462K | $732K | $9.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $341K, expenses of $958K, and assets of $4.2M (revenue +63.7% year-over-year).
- 2022: Revenue of $208K, expenses of $976K, and assets of $4.8M (revenue -34.8% year-over-year).
- 2021: Revenue of $319K, expenses of $738K, and assets of $5.5M (revenue -79.4% year-over-year).
- 2020: Revenue of $1.6M, expenses of $586K, and assets of $6.0M.
- 2019: Revenue of $-67,985, expenses of $748K, and assets of $5.0M (revenue -173.7% year-over-year).
- 2015: Revenue of $92K, expenses of $960K, and assets of $7.7M (revenue +-0.0% year-over-year).
- 2014: Revenue of $92K, expenses of $796K, and assets of $8.5M (revenue -1.1% year-over-year).
- 2013: Revenue of $93K, expenses of $718K, and assets of $9.2M (revenue -94.6% year-over-year).
- 2012: Revenue of $1.7M, expenses of $1.2M, and assets of $9.9M (revenue +275.9% year-over-year).
- 2011: Revenue of $462K, expenses of $732K, and assets of $9.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Micol Schejola Foundation:
Data Sources and Methodology
This transparency report for Micol Schejola 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.