Mike & Sofia Segal Foundation
Mike & Sofia Segal Foundation experiences significant revenue and asset fluctuations, with recent expenses exceeding income.
EIN: 207395108 · New York, NY · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $18.2M |
| Total Expenses | $8.9M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $9.7M |
| Transparency Score | 80/100 |
Is Mike & Sofia Segal Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mike & Sofia Segal Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mike & Sofia Segal Foundation
Mike & Sofia Segal Foundation (EIN: 207395108) is a nonprofit organization based in New York, NY, classified under NTEE code T22. The organization reported total revenue of $18.2M and total assets of $9.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mike & Sofia Segal Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mike & Sofia Segal Foundation is a large nonprofit that has been operating for 17 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of -13.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.9M |
| Total Expenses | $8.9M |
| Surplus / Deficit | $-4,972,786 |
| Total Assets | $9.7M |
| Total Liabilities | $1 |
| Net Assets | $9.7M |
| Operating Margin | -127.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 13.1 months |
Financial Health Grade: B
In 2023, Mike & Sofia Segal Foundation reported a deficit of $5.0M with expenses exceeding revenue, holds 13.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 5 years of filings (2019–2023), Mike & Sofia Segal Foundation's revenue has declined at a compound annual growth rate (CAGR) of -13.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +134.8% | +356.2% | -54.9% |
| 2022 | -91.2% | -2.2% | -2.5% |
| 2021 | +1011.3% | -15.5% | +334.0% |
| 2020 | -75.5% | +6.3% | -11.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
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 Mike & Sofia Segal Foundation with a Mission Score of 80 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, Mike & Sofia Segal Foundation 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $5.0M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The foundation consistently reports 0% officer compensation across all five filings, indicating that no salaries or other compensation are paid to officers, which is highly favorable for a foundation of its size with assets ranging from $5 million to over $21 million.
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 Mike & Sofia Segal Foundation's IRS 990 filings:
- Significant deficit in the most recent filing (202312), with expenses exceeding revenue by over $4.9 million.
- High volatility in annual revenue and asset levels, making long-term financial planning and predictability challenging.
Strengths
The following positive indicators were identified for Mike & Sofia Segal Foundation:
- Consistent reporting of 0% officer compensation, indicating strong commitment to mission over executive pay.
- Extremely low liabilities ($1 reported consistently), suggesting sound debt management.
- Substantial asset base, even after fluctuations, providing a buffer for operations.
Frequently Asked Questions about Mike & Sofia Segal Foundation
Is Mike & Sofia Segal Foundation a legitimate charity?
Mike & Sofia Segal Foundation (EIN: 207395108) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 80/100. It has 5 years of IRS 990 filings on record. Total revenue: $18.2M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Mike & Sofia Segal Foundation spend its money?
Mike & Sofia Segal Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Mike & Sofia Segal Foundation tax-deductible?
Mike & Sofia Segal Foundation is registered as a tax-exempt nonprofit (EIN: 207395108). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Mike & Sofia Segal Foundation CEO make?
Mike & Sofia Segal Foundation's highest-compensated officer earns $5 annually. The organization reported $18.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Mike & Sofia Segal Foundation's spending goes to programs?
Mike & Sofia Segal Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mike & Sofia Segal Foundation compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Mike & Sofia Segal 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 Mike & Sofia Segal Foundation located?
Mike & Sofia Segal Foundation is headquartered in New York, New York and files with the IRS under EIN 207395108. It is classified under NTEE code T22.
How many years of IRS 990 filings does Mike & Sofia Segal Foundation have?
Mike & Sofia Segal Foundation has 5 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 $18.2M in total revenue.
Is the Mike & Sofia Segal Foundation financially stable given the recent deficit?
The foundation experienced a significant deficit in the 202312 period, with expenses of $8,874,145 against revenue of $3,901,359. While its assets remain substantial at $9,652,375, this trend of expenses exceeding revenue, also seen in 202212, warrants closer monitoring for long-term stability.
What caused the large fluctuations in revenue and assets?
The provided data does not specify the exact causes for the large fluctuations in revenue (e.g., $18.8M in 2021 vs. $1.6M in 2022) and assets (e.g., $21.9M in 2021 vs. $9.6M in 2023). These could be due to large one-time donations, investment performance, or significant grant disbursements, which would require reviewing the full 990 forms for details.
How does the foundation manage its liabilities?
The foundation consistently reports $1 in liabilities across all five filing periods, indicating an extremely low debt burden and strong financial management in terms of avoiding significant financial obligations.
Filing History
IRS 990 filing history for Mike & Sofia Segal Foundation showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Mike & Sofia Segal Foundation's revenue has declined by 43.6%, moving from $6.9M to $3.9M. Total assets increased by 69% over the same period, from $5.7M to $9.7M. Total functional expenses rose by 300.4%, from $2.2M to $8.9M. In its most recent filing year (2023), Mike & Sofia Segal Foundation reported a deficit of $5.0M, with expenses exceeding revenue. The organization holds $1 in liabilities against $9.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $9.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.9M | $8.9M | $9.7M | $1 | — | — |
| 2022 | $1.7M | $1.9M | $21.4M | $1 | — | View 990 |
| 2021 | $18.9M | $2.0M | $21.9M | $1 | — | View 990 |
| 2020 | $1.7M | $2.4M | $5.1M | $1 | — | View 990 |
| 2019 | $6.9M | $2.2M | $5.7M | $1 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $3.9M, expenses of $8.9M, and assets of $9.7M (revenue +134.8% year-over-year).
- 2022: Revenue of $1.7M, expenses of $1.9M, and assets of $21.4M (revenue -91.2% year-over-year).
- 2021: Revenue of $18.9M, expenses of $2.0M, and assets of $21.9M (revenue +1011.3% year-over-year).
- 2020: Revenue of $1.7M, expenses of $2.4M, and assets of $5.1M (revenue -75.5% year-over-year).
- 2019: Revenue of $6.9M, expenses of $2.2M, and assets of $5.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mike & Sofia Segal Foundation:
Data Sources and Methodology
This transparency report for Mike & Sofia Segal 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.