Sandra Atlas Bass And Edythe And Sol G Atlas Fund Inc
Sandra Atlas Bass And Edythe And Sol G Atlas Fund Inc. consistently expends nearly all revenue, reporting $1 in assets and no officer compensation.
EIN: 116036928 · Great Neck, NY · Updated: 2026-03-28
Is Sandra Atlas Bass And Edythe And Sol G Atlas Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sandra Atlas Bass And Edythe And Sol G Atlas Fund Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sandra Atlas Bass And Edythe And Sol G Atlas Fund Inc
Sandra Atlas Bass And Edythe And Sol G Atlas Fund Inc (EIN: 116036928) is a nonprofit organization based in Great Neck, NY. The organization reported total revenue of $3.8M and total assets of $1 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sandra Atlas Bass And Edythe And Sol G Atlas Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Sandra Atlas Bass And Edythe And Sol G Atlas Fund Inc with a Mission Score of 90 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: 3%
- programs: 95%
- fundraising: 2%
According to IRS 990 filings, Sandra Atlas Bass And Edythe And Sol G Atlas Fund Inc allocates its expenses as follows: admin: 3%, programs: 95%, fundraising: 2%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive compensation from the organization, which is highly commendable for an organization with revenues ranging from $1.1 million to $7.7 million annually.
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 Sandra Atlas Bass And Edythe And Sol G Atlas Fund Inc's IRS 990 filings:
- Consistently reported $1 in assets, which could indicate a lack of reserves for long-term stability or unexpected events.
- NTEE Code is unknown, limiting understanding of its specific charitable sector and comparative analysis.
Strengths
The following positive indicators were identified for Sandra Atlas Bass And Edythe And Sol G Atlas Fund Inc:
- Extremely high program spending efficiency, with expenses consistently close to revenue (e.g., $3,732,726 expenses vs. $3,784,481 revenue in 2023).
- 0% officer compensation reported across all filings, indicating excellent financial stewardship and focus on mission.
- Consistent filing of IRS Form 990s over a decade, demonstrating good transparency.
- Significant revenue generation, ranging from $1.1 million to $7.7 million annually, indicating strong donor support.
Frequently Asked Questions about Sandra Atlas Bass And Edythe And Sol G Atlas Fund Inc
Is Sandra Atlas Bass And Edythe And Sol G Atlas Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Sandra Atlas Bass And Edythe And Sol G Atlas Fund Inc (EIN: 116036928) some concerns. Mission Score: 90/100. 2 red flags identified, 4 strengths noted.
How does Sandra Atlas Bass And Edythe And Sol G Atlas Fund Inc spend its money?
Sandra Atlas Bass And Edythe And Sol G Atlas Fund Inc directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Sandra Atlas Bass And Edythe And Sol G Atlas Fund Inc tax-deductible?
Sandra Atlas Bass And Edythe And Sol G Atlas Fund Inc is registered as a tax-exempt nonprofit (EIN: 116036928). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What specific programs does the Sandra Atlas Bass And Edythe And Sol G Atlas Fund Inc. support?
The provided data does not specify the exact programs or beneficiaries of the fund. Further investigation into their 990 forms or website would be needed to understand their programmatic focus.
How does the organization manage its liabilities with only $1 in reported assets?
The consistent $1 in reported assets suggests a pass-through funding model where incoming revenue is quickly disbursed. Liabilities, such as $64,013 in 2023, are likely short-term obligations covered by incoming revenue before it's fully expended, rather than being held against a significant asset base.
Is the organization's financial model sustainable given its minimal asset base?
The sustainability of this model relies heavily on consistent incoming revenue. While efficient for direct spending, a minimal asset base means the organization has little reserve for unexpected financial downturns or to scale operations without immediate new funding.
Filing History
IRS 990 filing history for Sandra Atlas Bass And Edythe And Sol G Atlas Fund Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Sandra Atlas Bass And Edythe And Sol G Atlas Fund Inc's revenue has grown by 35.2%, moving from $2.8M to $3.8M. Total assets decreased by 100% over the same period, from $105K to $1. Total functional expenses rose by 34.1%, from $2.8M to $3.7M. In its most recent filing year (2023), Sandra Atlas Bass And Edythe And Sol G Atlas Fund Inc reported a surplus of $52K, with revenue exceeding expenses. The organization holds $64K in liabilities against $1 in assets (debt-to-asset ratio: 6401300.0%), resulting in net assets of $-64,012.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $3.8M | $3.7M | $1 | $64K | — | — |
| 2022 | $5.7M | $5.7M | $1 | $116K | — | — |
| 2021 | $7.8M | $7.9M | $1 | $139K | — | — |
| 2020 | $1.2M | $1.3M | $1 | $41K | — | View 990 |
| 2019 | $1.3M | $1.4M | $38K | $1 | — | View 990 |
| 2015 | $828K | $1.0M | $35K | $0 | — | View 990 |
| 2014 | $2.9M | $2.8M | $214K | $0 | — | View 990 |
| 2013 | $4.8M | $4.8M | $62K | $0 | — | View 990 |
| 2012 | $2.4M | $2.4M | $90K | $4K | — | View 990 |
| 2011 | $2.8M | $2.8M | $105K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.8M, expenses of $3.7M, and assets of $1 (revenue -33.6% year-over-year).
- 2022: Revenue of $5.7M, expenses of $5.7M, and assets of $1 (revenue -26.7% year-over-year).
- 2021: Revenue of $7.8M, expenses of $7.9M, and assets of $1 (revenue +561.9% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.3M, and assets of $1 (revenue -11.3% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.4M, and assets of $38K (revenue +60.0% year-over-year).
- 2015: Revenue of $828K, expenses of $1.0M, and assets of $35K (revenue -71.5% year-over-year).
- 2014: Revenue of $2.9M, expenses of $2.8M, and assets of $214K (revenue -39.7% year-over-year).
- 2013: Revenue of $4.8M, expenses of $4.8M, and assets of $62K (revenue +98.9% year-over-year).
- 2012: Revenue of $2.4M, expenses of $2.4M, and assets of $90K (revenue -13.4% year-over-year).
- 2011: Revenue of $2.8M, expenses of $2.8M, and assets of $105K.
Data Sources and Methodology
This transparency report for Sandra Atlas Bass And Edythe And Sol G Atlas Fund 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.