Samuel J And Ethel Lefrak Charitable Foundation Inc
Samuel J And Ethel Lefrak Charitable Foundation Inc shows highly variable revenue but consistent zero officer compensation.
EIN: 112994768 · Wilmington, DE · Updated: 2026-03-28
Is Samuel J And Ethel Lefrak Charitable Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Samuel J And Ethel Lefrak Charitable Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Samuel J And Ethel Lefrak Charitable Foundation Inc
Samuel J And Ethel Lefrak Charitable Foundation Inc (EIN: 112994768) is a nonprofit organization based in Wilmington, DE. The organization reported total revenue of $402K and total assets of $9.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Samuel J And Ethel Lefrak Charitable Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Samuel J And Ethel Lefrak Charitable Foundation Inc is a small nonprofit that has been operating for 36 years, with 11 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 15.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.7M |
| Total Expenses | $274K |
| Surplus / Deficit | +$6.4M |
| Total Assets | $9.9M |
| Total Liabilities | $1 |
| Net Assets | $9.9M |
| Operating Margin | 95.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 433.1 months |
Financial Health Grade: A
In 2023, Samuel J And Ethel Lefrak Charitable Foundation Inc reported a surplus of $6.4M with revenue exceeding expenses, holds 433.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 11 years of filings (2010–2023), Samuel J And Ethel Lefrak Charitable Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 15.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17272.4% | +54.8% | +182.4% |
| 2022 | -89.7% | -58.8% | -4.0% |
| 2021 | +173.3% | -9.7% | -1.6% |
| 2020 | -80.0% | -79.9% | -8.4% |
| 2019 | +383.9% | +73.3% | -35.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
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 Samuel J And Ethel Lefrak Charitable Foundation Inc 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, Samuel J And Ethel Lefrak Charitable 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 surplus of $6.4M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly favorable for a foundation of its size with assets nearing $10 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 Samuel J And Ethel Lefrak Charitable Foundation Inc's IRS 990 filings:
- Highly variable revenue and expense figures make consistent financial planning difficult to assess without further detail.
Strengths
The following positive indicators were identified for Samuel J And Ethel Lefrak Charitable Foundation Inc:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds.
- Substantial and growing asset base, reaching $9,874,655 in 2023, provides financial stability.
- Minimal liabilities across most filing periods, suggesting sound financial management.
Frequently Asked Questions about Samuel J And Ethel Lefrak Charitable Foundation Inc
Is Samuel J And Ethel Lefrak Charitable Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Samuel J And Ethel Lefrak Charitable Foundation Inc (EIN: 112994768) some concerns. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
How does Samuel J And Ethel Lefrak Charitable Foundation Inc spend its money?
Samuel J And Ethel Lefrak Charitable Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Samuel J And Ethel Lefrak Charitable Foundation Inc tax-deductible?
Samuel J And Ethel Lefrak Charitable Foundation Inc is registered as a tax-exempt nonprofit (EIN: 112994768). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What are the specific program activities funded by the foundation?
The provided data does not detail the specific program activities or grants made by the foundation. Further investigation into their full IRS 990 forms would be needed to understand their charitable distributions.
Why is there such high variability in annual revenue and expenses?
The significant fluctuations in revenue and expenses, such as revenue jumping from $38,287 in 2022 to $6,651,374 in 2023, could be due to large, infrequent donations, investment gains/losses, or changes in grantmaking cycles. This is common for foundations that rely on investment income or large contributions.
How does the foundation manage its substantial assets?
With assets consistently in the multi-millions, reaching $9,874,655 in 2023, the foundation likely employs professional asset management strategies to generate income for its charitable activities. The specific investment portfolio details are not available in this summary.
Filing History
IRS 990 filing history for Samuel J And Ethel Lefrak Charitable Foundation Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2010–2023), Samuel J And Ethel Lefrak Charitable Foundation Inc's revenue has grown by 522.4%, moving from $1.1M to $6.7M. Total assets decreased by 0.5% over the same period, from $9.9M to $9.9M. Total functional expenses fell by 65.9%, from $801K to $274K. In its most recent filing year (2023), Samuel J And Ethel Lefrak Charitable Foundation Inc reported a surplus of $6.4M, with revenue exceeding expenses. The organization holds $1 in liabilities against $9.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $9.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.7M | $274K | $9.9M | $1 | — | — |
| 2022 | $38K | $177K | $3.5M | $1 | — | View 990 |
| 2021 | $371K | $429K | $3.6M | $1 | — | View 990 |
| 2020 | $136K | $476K | $3.7M | $1 | — | View 990 |
| 2019 | $679K | $2.4M | $4.0M | $0 | — | View 990 |
| 2015 | $140K | $1.4M | $6.2M | $0 | — | View 990 |
| 2014 | $1.6M | $1.8M | $7.5M | $1 | — | View 990 |
| 2013 | $820K | $2.6M | $7.7M | $34K | — | View 990 |
| 2012 | $149K | $886K | $9.5M | $34K | — | View 990 |
| 2011 | $1.1M | $737K | $10.3M | $34K | — | View 990 |
| 2010 | $1.1M | $801K | $9.9M | $34K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.7M, expenses of $274K, and assets of $9.9M (revenue +17272.4% year-over-year).
- 2022: Revenue of $38K, expenses of $177K, and assets of $3.5M (revenue -89.7% year-over-year).
- 2021: Revenue of $371K, expenses of $429K, and assets of $3.6M (revenue +173.3% year-over-year).
- 2020: Revenue of $136K, expenses of $476K, and assets of $3.7M (revenue -80.0% year-over-year).
- 2019: Revenue of $679K, expenses of $2.4M, and assets of $4.0M (revenue +383.9% year-over-year).
- 2015: Revenue of $140K, expenses of $1.4M, and assets of $6.2M (revenue -91.3% year-over-year).
- 2014: Revenue of $1.6M, expenses of $1.8M, and assets of $7.5M (revenue +95.8% year-over-year).
- 2013: Revenue of $820K, expenses of $2.6M, and assets of $7.7M (revenue +450.3% year-over-year).
- 2012: Revenue of $149K, expenses of $886K, and assets of $9.5M (revenue -86.1% year-over-year).
- 2011: Revenue of $1.1M, expenses of $737K, and assets of $10.3M (revenue +0.0% year-over-year).
- 2010: Revenue of $1.1M, expenses of $801K, and assets of $9.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Samuel J And Ethel Lefrak Charitable Foundation Inc:
Data Sources and Methodology
This transparency report for Samuel J And Ethel Lefrak Charitable 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.