Schon Family Foundation
Schon Family Foundation maintains strong asset base despite fluctuating revenues and consistent spending exceeding income in recent years.
EIN: 113133066 · Aventura, FL · Updated: 2026-03-28
Is Schon Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Schon Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Schon Family Foundation
Schon Family Foundation (EIN: 113133066) is a nonprofit organization based in Aventura, FL. The organization reported total revenue of $7.5M and total assets of $26.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Schon Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Schon Family Foundation is a mid-size nonprofit that has been operating for 33 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.5M |
| Surplus / Deficit | $-348,648 |
| Total Assets | $25.1M |
| Total Liabilities | $1.5M |
| Net Assets | $23.6M |
| Operating Margin | -29.2% |
| Debt-to-Asset Ratio | 6.1% |
| Months of Reserves | 195.5 months |
Financial Health Grade: B
In 2023, Schon Family Foundation reported a deficit of $349K with expenses exceeding revenue, holds 195.5 months of operating reserves (strong position), has a debt-to-asset ratio of 6.1% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Schon Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +44.4% | -8.0% | -1.4% |
| 2022 | -76.0% | -49.7% | +2.0% |
| 2021 | -35.5% | +124.1% | +0.4% |
| 2020 | +976.7% | +33.4% | +16.7% |
| 2019 | -44.1% | -6.4% | -8.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
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 Schon Family 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, Schon Family 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:
- The organization reported a deficit of $349K, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.1%.
Executive Compensation Analysis
The Schon Family Foundation consistently reports 0% officer compensation across all available filings, indicating that its leadership is either unpaid or compensated through other means not reported as officer compensation, which is highly unusual for an organization of its asset size ($26,198,515). This suggests a very lean administrative structure or that the foundation is managed by volunteers or through an external entity.
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 Schon Family Foundation's IRS 990 filings:
- Significant increase in liabilities in 2023 ($1,537,971) compared to previous years (often $1 or $0), requiring further scrutiny.
- Consistent spending exceeding revenue in recent years (e.g., 2023: $1.54M expenses vs. $1.19M revenue; 2022: $1.67M expenses vs. $0.82M revenue), which, while common for foundations drawing from endowments, could be unsustainable if not managed carefully against asset growth.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary makes it difficult to fully assess spending efficiency.
Strengths
The following positive indicators were identified for Schon Family Foundation:
- Strong and growing asset base, increasing from $21.7M in 2011 to $25.1M in 2023, indicating long-term financial stability.
- Consistent reporting of 0% officer compensation, suggesting a highly efficient or volunteer-driven administrative structure.
- Active grantmaking/spending, with expenses often exceeding revenue, indicating a commitment to deploying funds for its mission rather than solely accumulating assets.
- Low or negligible liabilities for most of its operating history, demonstrating sound financial management prior to 2023.
Frequently Asked Questions about Schon Family Foundation
Is Schon Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Schon Family Foundation (EIN: 113133066) some concerns. Mission Score: 85/100. 3 red flags identified, 4 strengths noted.
How does Schon Family Foundation spend its money?
Schon Family Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Schon Family Foundation tax-deductible?
Schon Family Foundation is registered as a tax-exempt nonprofit (EIN: 113133066). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What are the specific programs or grants the Schon Family Foundation supports?
The provided data does not detail the specific programs or grants supported by the Schon Family Foundation. Further investigation into their 990-PF filings would be necessary to identify their beneficiaries and mission focus.
Why did liabilities increase significantly in 2023 to over $1.5 million?
The data shows liabilities increased from $1 in 2021 to $1,537,971 in 2023. This significant increase warrants further investigation into the 2023 990 filing to understand the nature of these liabilities, such as grants payable, investment liabilities, or other obligations.
How does the foundation manage its operations without reported officer compensation?
The consistent reporting of 0% officer compensation suggests that the foundation may be managed by volunteers, through an external management company, or that compensation is structured in a way not reported as officer compensation on the 990. This is a notable operational characteristic for a foundation with over $25 million in assets.
Filing History
IRS 990 filing history for Schon Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Schon Family Foundation's revenue has declined by 32.9%, moving from $1.8M to $1.2M. Total assets increased by 15.4% over the same period, from $21.8M to $25.1M. Total functional expenses rose by 41.2%, from $1.1M to $1.5M. In its most recent filing year (2023), Schon Family Foundation reported a deficit of $349K, with expenses exceeding revenue. The organization holds $1.5M in liabilities against $25.1M in assets (debt-to-asset ratio: 6.1%), resulting in net assets of $23.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.5M | $25.1M | $1.5M | — | — |
| 2022 | $827K | $1.7M | $25.5M | $1.5M | — | View 990 |
| 2021 | $3.4M | $3.3M | $25.0M | $1 | — | View 990 |
| 2020 | $5.3M | $1.5M | $24.9M | $1 | — | View 990 |
| 2019 | $496K | $1.1M | $21.3M | $1 | — | View 990 |
| 2015 | $888K | $1.2M | $23.2M | $0 | — | View 990 |
| 2014 | $2.5M | $1.2M | $23.5M | $0 | — | View 990 |
| 2013 | $1.2M | $1.1M | $22.3M | $0 | — | View 990 |
| 2012 | $1.7M | $1.1M | $22.2M | $0 | — | View 990 |
| 2011 | $1.8M | $1.1M | $21.8M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.5M, and assets of $25.1M (revenue +44.4% year-over-year).
- 2022: Revenue of $827K, expenses of $1.7M, and assets of $25.5M (revenue -76.0% year-over-year).
- 2021: Revenue of $3.4M, expenses of $3.3M, and assets of $25.0M (revenue -35.5% year-over-year).
- 2020: Revenue of $5.3M, expenses of $1.5M, and assets of $24.9M (revenue +976.7% year-over-year).
- 2019: Revenue of $496K, expenses of $1.1M, and assets of $21.3M (revenue -44.1% year-over-year).
- 2015: Revenue of $888K, expenses of $1.2M, and assets of $23.2M (revenue -64.0% year-over-year).
- 2014: Revenue of $2.5M, expenses of $1.2M, and assets of $23.5M (revenue +112.7% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.1M, and assets of $22.3M (revenue -33.3% year-over-year).
- 2012: Revenue of $1.7M, expenses of $1.1M, and assets of $22.2M (revenue -2.3% year-over-year).
- 2011: Revenue of $1.8M, expenses of $1.1M, and assets of $21.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Schon Family Foundation:
Data Sources and Methodology
This transparency report for Schon Family 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.