Sam Halpern Family Foundation Inc
Sam Halpern Family Foundation: Strong Assets, Inconsistent Revenue, and High Administrative Costs
EIN: 222707942 · Florham Park, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $619K |
| Total Expenses | $481K |
| Program Spending | 50% |
| CEO/Top Officer Pay | $922 |
| Net Assets | $13.3M |
| Transparency Score | 75/100 |
Is Sam Halpern Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sam Halpern Family Foundation Inc directs 50% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Sam Halpern Family Foundation Inc
Sam Halpern Family Foundation Inc (EIN: 222707942) is a nonprofit organization based in Florham Park, NJ. The organization reported total revenue of $619K and total assets of $13.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sam Halpern Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sam Halpern Family Foundation Inc is a small nonprofit that has been operating for 40 years, with 9 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $746K |
| Total Expenses | $481K |
| Surplus / Deficit | +$264K |
| Total Assets | $13.3M |
| Total Liabilities | $922 |
| Net Assets | $13.3M |
| Operating Margin | 35.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 332.5 months |
Financial Health Grade: A
In 2023, Sam Halpern Family Foundation Inc reported a surplus of $264K with revenue exceeding expenses, holds 332.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2023), Sam Halpern Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.3% | -25.3% | +1.8% |
| 2022 | +95.1% | -2.2% | +3.9% |
| 2021 | +65.5% | +48.3% | -6.0% |
| 2019 | -50.5% | -2.7% | -2.3% |
| 2015 | -82.5% | +42.6% | -0.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
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 Sam Halpern Family Foundation Inc with a Mission Score of 75 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: 30%
- programs: 50%
- fundraising: 20%
According to IRS 990 filings, Sam Halpern Family Foundation Inc allocates its expenses as follows: admin: 30%, programs: 50%, fundraising: 20%. Approximately 50% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $264K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, but the 'l' field (likely 'compensation of officers, directors, trustees, key employees, and highest compensated employees') shows minimal to no reported compensation, such as $922 in 2023 and $35,213 in 2022, suggesting a large
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 Sam Halpern Family Foundation Inc's IRS 990 filings:
- Significant fluctuations in revenue, from $2,397,650 in 2014 to $343,464 in 2021, indicate an unstable funding model.
- High administrative expenses relative to total expenses in some years (e.g., 2021: $659,188 in expenses with only $343,464 in revenue, suggesting a large portion of expenses are not directly programmatic).
- The 'c' field consistently shows 0%, which could indicate no lobbying expenses, but without further context, it's an assumption.
Strengths
The following positive indicators were identified for Sam Halpern Family Foundation Inc:
- Substantial asset base of $13,453,456 in 2023 provides financial stability.
- Consistent asset growth over several years, from $11,682,539 in 2013 to $13,453,456 in 2023, demonstrates sound financial management of its endowment.
- Minimal reported compensation for leadership suggests a commitment to directing funds towards the mission rather than overhead.
Frequently Asked Questions about Sam Halpern Family Foundation Inc
Is Sam Halpern Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Sam Halpern Family Foundation Inc (EIN: 222707942) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Sam Halpern Family Foundation Inc spend its money?
Sam Halpern Family Foundation Inc directs 50% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Sam Halpern Family Foundation Inc tax-deductible?
Sam Halpern Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222707942). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Sam Halpern Family Foundation Inc CEO make?
Sam Halpern Family Foundation Inc's highest-compensated officer earns $922 annually. The organization reported $619K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Sam Halpern Family Foundation Inc's spending goes to programs?
Sam Halpern Family Foundation Inc directs 50% to programs, 20% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
Where is Sam Halpern Family Foundation Inc located?
Sam Halpern Family Foundation Inc is headquartered in Florham Park, New Jersey and files with the IRS under EIN 222707942.
How many years of IRS 990 filings does Sam Halpern Family Foundation Inc have?
Sam Halpern Family Foundation Inc has 9 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 $619K in total revenue.
What does Sam Halpern Family Foundation Inc do?
Sam Halpern Family Foundation Inc is a nonprofit organization in the Unknown sector, located in Florham Park, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Sam Halpern Family Foundation Inc have?
Sam Halpern Family Foundation Inc reported total revenue of $619,144. Based on 9 IRS 990 filings on record.
What are Sam Halpern Family Foundation Inc's total assets?
Sam Halpern Family Foundation Inc holds total assets of $13,453,456 as reported in IRS 990 filings.
Where is Sam Halpern Family Foundation Inc located?
Sam Halpern Family Foundation Inc is based in Florham Park, New Jersey.
What is Sam Halpern Family Foundation Inc's EIN?
Sam Halpern Family Foundation Inc's Employer Identification Number (EIN) is 222707942. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Sam Halpern Family Foundation Inc?
Sam Halpern Family Foundation Inc is classified under NTEE code Unknown (Unknown).
Is Sam Halpern Family Foundation Inc a registered 501(c)(3)?
Sam Halpern Family Foundation Inc appears in IRS records (EIN: 222707942). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Sam Halpern Family Foundation Inc file IRS Form 990?
Yes, Sam Halpern Family Foundation Inc has 9 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Sam Halpern Family Foundation Inc's revenue in 2023?
In the 202312 filing period, Sam Halpern Family Foundation Inc reported total revenue of $745,646, total expenses of $481,361, and net assets of $13,335,850.
Is Sam Halpern Family Foundation Inc's revenue growing or declining?
Sam Halpern Family Foundation Inc's revenue is growing. Revenue went from $669,960 (202212) to $745,646 (202312), a +11.3% change. Based on 9 filings on record.
What is Sam Halpern Family Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Sam Halpern Family Foundation Inc covers tax period 202312. It shows revenue of $745,646, expenses of $481,361, total assets of $13,335,850, and liabilities of $922.
How much does Sam Halpern Family Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Sam Halpern Family Foundation Inc allocates approximately 50% of expenses to program services, 30% to administrative costs, and 20% to fundraising. Program spending is moderate relative to overhead.
Is Sam Halpern Family Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Sam Halpern Family Foundation Inc appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Sam Halpern Family Foundation Inc?
The following concerns were identified: Significant fluctuations in revenue, from $2,397,650 in 2014 to $343,464 in 2021, indicate an unstable funding model.. High administrative expenses relative to total expenses in some years (e.g., 2021: $659,188 in expenses with only $343,464 in revenue, suggesting a large portion of expenses are not directly programmatic).. The 'c' field consistently shows 0%, which could indicate no lobbying expenses, but without further context, it's an assumption.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Sam Halpern Family Foundation Inc's strengths?
Positive indicators for Sam Halpern Family Foundation Inc include: Substantial asset base of $13,453,456 in 2023 provides financial stability.. Consistent asset growth over several years, from $11,682,539 in 2013 to $13,453,456 in 2023, demonstrates sound financial management of its endowment.. Minimal reported compensation for leadership suggests a commitment to directing funds towards the mission rather than overhead.. These findings are derived from AI analysis of the organization's financial filings.
How does Sam Halpern Family Foundation Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, but the 'l' field (likely 'compensation of officers, directors, trustees, key employees, and highest compensated employees') shows minimal to no reported compensation, such as $922 in 2023 and $35,213 in 2022, suggesting a large Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the significant asset base and fluctuating revenue, what is the foundation's primary strategy for funding its operations and programs?
The foundation appears to rely heavily on its substantial asset base for long-term stability, with annual revenue likely supplementing this, rather than being the sole driver of operational funding. The large asset base suggests an endowment-driven model.
How does the foundation manage its expenses, particularly in years where expenses significantly exceed revenue, such as in 2021 where expenses were $659,188 against revenue of $343,464?
In years where expenses exceed revenue, the foundation likely draws from its accumulated assets or prior year surpluses to cover the deficit, indicating a strategic use of its endowment to maintain operations despite revenue variability.
Filing History
IRS 990 filing history for Sam Halpern Family Foundation Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2023), Sam Halpern Family Foundation Inc's revenue has grown by 126.5%, moving from $329K to $746K. Total assets increased by 14.9% over the same period, from $11.6M to $13.3M. Total functional expenses rose by 17.5%, from $410K to $481K. In its most recent filing year (2023), Sam Halpern Family Foundation Inc reported a surplus of $264K, with revenue exceeding expenses. The organization holds $922 in liabilities against $13.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $13.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $746K | $481K | $13.3M | $922 | — | View 990 |
| 2022 | $670K | $645K | $13.1M | $35K | — | View 990 |
| 2021 | $343K | $659K | $12.6M | $20K | — | View 990 |
| 2019 | $207K | $444K | $13.4M | $263K | — | — |
| 2015 | $419K | $457K | $13.7M | $350 | — | View 990 |
| 2014 | $2.4M | $320K | $13.8M | $1 | — | View 990 |
| 2013 | $308K | $350K | $11.7M | $1 | — | View 990 |
| 2012 | $611K | $482K | $11.7M | $2K | — | View 990 |
| 2011 | $329K | $410K | $11.6M | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $746K, expenses of $481K, and assets of $13.3M (revenue +11.3% year-over-year).
- 2022: Revenue of $670K, expenses of $645K, and assets of $13.1M (revenue +95.1% year-over-year).
- 2021: Revenue of $343K, expenses of $659K, and assets of $12.6M (revenue +65.5% year-over-year).
- 2019: Revenue of $207K, expenses of $444K, and assets of $13.4M (revenue -50.5% year-over-year).
- 2015: Revenue of $419K, expenses of $457K, and assets of $13.7M (revenue -82.5% year-over-year).
- 2014: Revenue of $2.4M, expenses of $320K, and assets of $13.8M (revenue +678.3% year-over-year).
- 2013: Revenue of $308K, expenses of $350K, and assets of $11.7M (revenue -49.5% year-over-year).
- 2012: Revenue of $611K, expenses of $482K, and assets of $11.7M (revenue +85.4% year-over-year).
- 2011: Revenue of $329K, expenses of $410K, and assets of $11.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sam Halpern Family Foundation Inc:
Data Sources and Methodology
This transparency report for Sam Halpern Family 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.