Schlosstein Hartley Fam Foundation Tr

Schlosstein Hartley Fam Foundation Tr shows volatile revenue and declining assets over a decade, with no officer compensation.

EIN: 137268307 · Saratoga Spgs, NY · NTEE: T20 · Updated: 2026-03-28

$3.2MRevenue

$3.4MAssets

85/100Mission Score (Excellent)

T20

About Schlosstein Hartley Fam Foundation Tr

Schlosstein Hartley Fam Foundation Tr (EIN: 137268307) is a nonprofit organization based in Saratoga Spgs, NY, classified under NTEE code T20. The organization reported total revenue of $3.2M and total assets of $3.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Schlosstein Hartley Fam Foundation Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Schlosstein Hartley Fam Foundation Tr demonstrates a fluctuating financial profile over the past decade. While the latest reported revenue for 202309 was $3,115,990, and expenses were $1,925,000, indicating a surplus, the organization has experienced periods of significant deficits, such as in 202009 where revenue was $139,079 against expenses of $1,279,986. Assets have also seen a considerable decline from a high of $8,904,367 in 201109 to $3,619,174 in 202309. The consistent reporting of 0% officer compensation across all filings suggests good transparency regarding executive pay, and minimal liabilities ($1 in recent years) indicate a healthy balance sheet in that regard.

Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent absence of officer compensation is a positive indicator for resource allocation. The foundation's primary activity appears to be grant-making, given its NTEE code T20 (Private Grantmaking Foundations), which typically involves lower administrative overhead compared to direct service charities. The significant fluctuations in revenue and expenses suggest a reliance on investment returns or large, infrequent contributions.

Overall, the foundation appears transparent in its executive compensation and has maintained a low liability profile. Its financial health, while showing recent surpluses, has been volatile, with a notable decrease in asset base over the long term. Further analysis of the specific grantmaking activities and operational costs would provide a more complete picture of its spending efficiency and impact.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Schlosstein Hartley Fam Foundation Tr 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: 8%
programs: 90%
fundraising: 2%

According to IRS 990 filings, Schlosstein Hartley Fam Foundation Tr allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers or key employees receive salaries or other compensation from the foundation, which is highly favorable for resource allocation.

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 Schlosstein Hartley Fam Foundation Tr's IRS 990 filings:

Significant long-term decline in assets from $8.9M in 2011 to $3.6M in 2023.
Highly volatile revenue, including a negative revenue period in 201209 and substantial year-over-year swings.

Strengths

The following positive indicators were identified for Schlosstein Hartley Fam Foundation Tr:

Consistent 0% officer compensation, indicating efficient use of funds for leadership.
Very low liabilities, consistently reported as $0 or $1, reflecting strong financial stability in this area.
Recent filings (202309) show a surplus of revenue over expenses ($3.1M revenue vs. $1.9M expenses).

Frequently Asked Questions about Schlosstein Hartley Fam Foundation Tr

What caused the significant decline in assets from $8,904,367 in 201109 to $3,619,174 in 202309?

The provided data does not specify the exact reasons for the asset decline, but it could be due to significant grant distributions, investment losses, or a combination of factors. Further review of the full 990 forms would be necessary.

How does the foundation manage its investments given the fluctuating revenue and asset base?

The provided summary data does not offer details on investment management strategies. The volatility in revenue, including a negative revenue period in 201209, suggests that investment performance may play a significant role in the foundation's financial health.

What is the specific breakdown of program expenses for a private grantmaking foundation?

As a private grantmaking foundation (NTEE T20), the majority of program expenses would typically be direct grants paid to other organizations or individuals. The summary data does not provide this level of detail.

Filing History

IRS 990 filing history for Schlosstein Hartley Fam Foundation Tr showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Schlosstein Hartley Fam Foundation Tr's revenue has grown by 199.4%, moving from $1.0M to $3.1M. Total assets decreased by 59.4% over the same period, from $8.9M to $3.6M. Total functional expenses rose by 76.8%, from $1.1M to $1.9M. In its most recent filing year (2023), Schlosstein Hartley Fam Foundation Tr reported a surplus of $1.2M, with revenue exceeding expenses. The organization holds $1 in liabilities against $3.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.6M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$3.1M	$1.9M	$3.6M	$1	—	View 990
2022	$1.1M	$1.9M	$2.6M	$1	—	View 990
2021	$3.8M	$2.6M	$3.4M	$1	—	View 990
2020	$139K	$1.3M	$3.1M	$1	—	View 990
2019	$2.0M	$2.5M	$4.4M	$0	—	View 990
2015	$3.0M	$1.1M	$7.5M	$0	—	View 990
2014	$879K	$1.0M	$6.7M	$0	—	View 990
2013	$244K	$686K	$6.9M	$0	—	View 990
2012	$-144,991	$1.5M	$7.3M	$0	—	View 990
2011	$1.0M	$1.1M	$8.9M	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $3.1M, expenses of $1.9M, and assets of $3.6M (revenue +178.6% year-over-year).
2022: Revenue of $1.1M, expenses of $1.9M, and assets of $2.6M (revenue -70.4% year-over-year).
2021: Revenue of $3.8M, expenses of $2.6M, and assets of $3.4M (revenue +2621.1% year-over-year).
2020: Revenue of $139K, expenses of $1.3M, and assets of $3.1M (revenue -93.1% year-over-year).
2019: Revenue of $2.0M, expenses of $2.5M, and assets of $4.4M (revenue -32.8% year-over-year).
2015: Revenue of $3.0M, expenses of $1.1M, and assets of $7.5M (revenue +242.4% year-over-year).
2014: Revenue of $879K, expenses of $1.0M, and assets of $6.7M (revenue +259.6% year-over-year).
2013: Revenue of $244K, expenses of $686K, and assets of $6.9M.
2012: Revenue of $-144,991, expenses of $1.5M, and assets of $7.3M (revenue -113.9% year-over-year).
2011: Revenue of $1.0M, expenses of $1.1M, and assets of $8.9M.

Data Sources and Methodology

This transparency report for Schlosstein Hartley Fam Foundation Tr 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.