Sam J Frankino Foundation
Sam J Frankino Foundation maintains substantial assets despite recent negative revenues and consistent expenses.
EIN: 205380431 · Cleveland, OH · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $11.4M |
| Total Expenses | $3.5M |
| Program Spending | 90% |
| Net Assets | $47.9M |
| Transparency Score | 85/100 |
Is Sam J Frankino Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sam J Frankino Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sam J Frankino Foundation
Sam J Frankino Foundation (EIN: 205380431) is a nonprofit organization based in Cleveland, OH, classified under NTEE code T20. The organization reported total revenue of $11.4M and total assets of $48.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sam J Frankino Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sam J Frankino Foundation is a large nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -164.0% | -12.1% | -10.4% |
| 2021 | -61.1% | +22.1% | -0.8% |
| 2020 | +305.8% | -5.0% | +10.0% |
| 2019 | -36.8% | -2.8% | -7.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2006 |
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 J Frankino Foundation 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, Sam J Frankino Foundation 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:
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are not compensated, which is highly favorable for minimizing administrative costs.
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 J Frankino Foundation's IRS 990 filings:
- Negative revenue reported in 2022 ($-2,231,353) and 2023 ($-342,467), indicating potential financial instability or significant investment losses.
- Declining asset base from $57,871,372 in 2021 to $48,032,763 in 2023, suggesting reliance on principal to cover expenses.
Strengths
The following positive indicators were identified for Sam J Frankino Foundation:
- Consistent 0% officer compensation, demonstrating efficient use of funds and potentially volunteer leadership.
- Substantial asset base of $48,032,763 in 2023, providing long-term financial stability.
- Consistent filing of IRS Form 990s over a decade, indicating good regulatory compliance and transparency.
- Low liabilities relative to assets, with liabilities at $89,446 in 2023 compared to assets of $48,032,763.
Frequently Asked Questions about Sam J Frankino Foundation
Is Sam J Frankino Foundation a legitimate charity?
Sam J Frankino Foundation (EIN: 205380431) is a registered tax-exempt nonprofit based in Ohio. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $11.4M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Sam J Frankino Foundation spend its money?
Sam J Frankino Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Sam J Frankino Foundation tax-deductible?
Sam J Frankino Foundation is registered as a tax-exempt nonprofit (EIN: 205380431). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Sam J Frankino Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Sam J Frankino Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Sam J Frankino Foundation located?
Sam J Frankino Foundation is headquartered in Cleveland, Ohio and files with the IRS under EIN 205380431. It is classified under NTEE code T20.
How many years of IRS 990 filings does Sam J Frankino Foundation have?
Sam J Frankino 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 $11.4M in total revenue.
How does the foundation sustain its operations with negative revenues in recent years?
The foundation appears to be drawing from its substantial asset base, which was $48,032,763 in 2023, to cover its expenses, as evidenced by the decline in assets from $57,871,372 in 2021 to $48,032,763 in 2023, coinciding with negative revenues in 2022 and 2023.
What is the nature of the negative revenue reported in 2022 and 2023?
Without access to the full 990 forms, the exact nature of the negative revenue (e.g., investment losses, significant returns of contributions) cannot be definitively determined, but it suggests a period of financial underperformance or specific accounting events.
What are the primary program activities funded by the foundation?
The NTEE code T20 indicates the foundation is a private foundation, but without further details from the 990, the specific program areas or beneficiaries are not clear from the provided data.
Filing History
IRS 990 filing history for Sam J Frankino Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Sam J Frankino Foundation's revenue has declined by 106.7%, moving from $5.1M to $-342,467. Total assets decreased by 14% over the same period, from $55.8M to $48.0M. Total functional expenses rose by 25%, from $2.8M to $3.5M. The organization holds $89K in liabilities against $48.0M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $47.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-342,467 | $3.5M | $48.0M | $89K | — | View 990 |
| 2022 | $-2,231,353 | $3.9M | $51.8M | $44K | — | View 990 |
| 2021 | $3.5M | $4.4M | $57.9M | $90K | — | View 990 |
| 2020 | $9.0M | $3.6M | $58.3M | $101K | — | — |
| 2019 | $2.2M | $3.8M | $53.0M | $55K | — | View 990 |
| 2015 | $3.5M | $3.9M | $57.1M | $0 | — | View 990 |
| 2014 | $3.0M | $3.4M | $57.5M | $0 | — | View 990 |
| 2013 | $4.0M | $3.4M | $57.9M | $0 | — | View 990 |
| 2012 | $4.1M | $2.6M | $57.4M | $0 | — | View 990 |
| 2011 | $5.1M | $2.8M | $55.8M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-342,467, expenses of $3.5M, and assets of $48.0M.
- 2022: Revenue of $-2,231,353, expenses of $3.9M, and assets of $51.8M (revenue -164.0% year-over-year).
- 2021: Revenue of $3.5M, expenses of $4.4M, and assets of $57.9M (revenue -61.1% year-over-year).
- 2020: Revenue of $9.0M, expenses of $3.6M, and assets of $58.3M (revenue +305.8% year-over-year).
- 2019: Revenue of $2.2M, expenses of $3.8M, and assets of $53.0M (revenue -36.8% year-over-year).
- 2015: Revenue of $3.5M, expenses of $3.9M, and assets of $57.1M (revenue +16.2% year-over-year).
- 2014: Revenue of $3.0M, expenses of $3.4M, and assets of $57.5M (revenue -24.1% year-over-year).
- 2013: Revenue of $4.0M, expenses of $3.4M, and assets of $57.9M (revenue -4.1% year-over-year).
- 2012: Revenue of $4.1M, expenses of $2.6M, and assets of $57.4M (revenue -18.6% year-over-year).
- 2011: Revenue of $5.1M, expenses of $2.8M, and assets of $55.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sam J Frankino Foundation:
Data Sources and Methodology
This transparency report for Sam J Frankino 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.