Schloss Family Foundation Inc
Schloss Family Foundation shows declining assets and recurring negative revenue, operating as a grant-making entity with no reported officer compensation.
EIN: 133935646 · New Canaan, CT · NTEE: A99Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $187K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $4,227,154 |
| Net Assets | $4.2M |
| Transparency Score | 75/100 |
Is Schloss 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 →
Schloss Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Schloss Family Foundation Inc
Schloss Family Foundation Inc (EIN: 133935646) is a nonprofit organization based in New Canaan, CT, classified under NTEE code A99Z. The organization reported total revenue of $1.7M and total assets of $3.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Schloss Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Schloss Family Foundation Inc is a mid-size nonprofit that has been operating for 29 years, with 10 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -101.3% | +38.9% | -9.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
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 Schloss 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Schloss Family 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:
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Schloss Family Foundation Inc. consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of its asset size ($4,227,154 in 2023) and suggests a volunteer-led or externally supported executive structure.
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 Schloss Family Foundation Inc's IRS 990 filings:
- Recurring negative revenue in multiple periods (e.g., -$175,581 in 2023, -$11,689 in 2022), indicating reliance on endowment rather than consistent income.
- Significant decline in total assets over the past decade (from $7,074,146 in 2013 to $4,227,154 in 2023), raising questions about long-term sustainability.
- Lack of detailed expense breakdown in provided data makes it difficult to fully assess program efficiency.
Strengths
The following positive indicators were identified for Schloss Family Foundation Inc:
- Consistent reporting of $0 officer compensation, indicating a lean executive cost structure.
- Extremely low liabilities ($1 across all filings), demonstrating strong financial solvency and minimal debt.
- Long filing history (10 filings) provides a comprehensive view of financial trends.
Frequently Asked Questions about Schloss Family Foundation Inc
Is Schloss Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Schloss Family Foundation Inc (EIN: 133935646) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Schloss Family Foundation Inc spend its money?
Schloss Family Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Schloss Family Foundation Inc tax-deductible?
Schloss Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133935646). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Schloss Family Foundation Inc CEO make?
Schloss Family Foundation Inc's highest-compensated officer earns $4,227,154 annually. The organization reported $1.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Schloss Family Foundation Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Schloss Family Foundation Inc is above average for NTEE category A99Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Schloss Family Foundation Inc located?
Schloss Family Foundation Inc is headquartered in New Canaan, Connecticut and files with the IRS under EIN 133935646. It is classified under NTEE code A99Z.
How many years of IRS 990 filings does Schloss Family Foundation Inc have?
Schloss Family Foundation Inc 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 $1.7M in total revenue.
How does the Schloss Family Foundation sustain its operations with recurring negative revenue?
The foundation likely sustains its operations by drawing from its endowment and investment returns, as indicated by the fluctuating revenue, which is negative in several years (e.g., -$175,581 in 2023) and positive in others (e.g., $928,211 in 2021), suggesting investment gains and losses rather than consistent public donations.
What is the specific nature of the foundation's program services?
Based on the NTEE code A99Z (Other Philanthropy, Voluntarism, and Grantmaking Foundations), the foundation's program services likely involve making grants to other organizations or individuals, rather than directly operating programs.
Why have the foundation's assets declined significantly over the past decade?
The foundation's assets have declined from $7,074,146 in 2013 to $4,227,154 in 2023. This could be due to a combination of factors including grant distributions exceeding investment returns, market fluctuations impacting the endowment, or strategic decisions to spend down a portion of the principal.
How are administrative costs covered if no officer compensation is reported?
The absence of reported officer compensation suggests that administrative functions might be performed by volunteers, pro bono services, or through other arrangements where compensation is not classified as officer pay, or potentially covered by an affiliated entity.
Filing History
IRS 990 filing history for Schloss Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Schloss Family Foundation Inc's revenue has declined by 793.1%, moving from $25K to $-175,581. Total assets decreased by 7.5% over the same period, from $4.6M to $4.2M. Total functional expenses fell by 10.6%, from $209K to $187K. The organization holds $1 in liabilities against $4.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-175,581 | $187K | $4.2M | $1 | — | — |
| 2022 | $-11,689 | $400K | $4.5M | $1 | — | View 990 |
| 2021 | $928K | $288K | $5.0M | $1 | — | — |
| 2020 | $-137,409 | $676K | $4.4M | $1 | — | — |
| 2019 | $-271,106 | $331K | $5.2M | $1 | — | View 990 |
| 2015 | $-103,424 | $337K | $6.3M | $1 | — | View 990 |
| 2014 | $38K | $412K | $6.7M | $1 | — | View 990 |
| 2013 | $2.0M | $229K | $7.1M | $1 | — | View 990 |
| 2012 | $19K | $153K | $5.0M | $1 | — | View 990 |
| 2011 | $25K | $209K | $4.6M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-175,581, expenses of $187K, and assets of $4.2M.
- 2022: Revenue of $-11,689, expenses of $400K, and assets of $4.5M (revenue -101.3% year-over-year).
- 2021: Revenue of $928K, expenses of $288K, and assets of $5.0M.
- 2020: Revenue of $-137,409, expenses of $676K, and assets of $4.4M.
- 2019: Revenue of $-271,106, expenses of $331K, and assets of $5.2M.
- 2015: Revenue of $-103,424, expenses of $337K, and assets of $6.3M (revenue -374.4% year-over-year).
- 2014: Revenue of $38K, expenses of $412K, and assets of $6.7M (revenue -98.1% year-over-year).
- 2013: Revenue of $2.0M, expenses of $229K, and assets of $7.1M (revenue +10502.3% year-over-year).
- 2012: Revenue of $19K, expenses of $153K, and assets of $5.0M (revenue -26.4% year-over-year).
- 2011: Revenue of $25K, expenses of $209K, and assets of $4.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Schloss Family Foundation Inc:
Data Sources and Methodology
This transparency report for Schloss 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.