Schrock Fam Foundation
Schrock Fam Foundation's assets have declined by over 70% in a decade due to consistent spending exceeding revenue.
EIN: 200489095 · Gilbert, AZ · NTEE: B82 · Updated: 2026-03-28
Is Schrock Fam Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Schrock Fam Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Schrock Fam Foundation
Schrock Fam Foundation (EIN: 200489095) is a nonprofit organization based in Gilbert, AZ, classified under NTEE code B82. The organization reported total revenue of $111K and total assets of $178K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Schrock Fam Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Schrock Fam Foundation is a small nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -9.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $18K |
| Total Expenses | $7K |
| Surplus / Deficit | +$12K |
| Total Assets | $175K |
| Total Liabilities | $1 |
| Net Assets | $175K |
| Operating Margin | 63.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 314.1 months |
Financial Health Grade: A
In 2023, Schrock Fam Foundation reported a surplus of $12K with revenue exceeding expenses, holds 314.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Schrock Fam Foundation's revenue has declined at a compound annual growth rate (CAGR) of -9.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -106.2% | -44.8% | -5.0% |
| 2021 | -24.9% | -90.1% | +7.8% |
| 2020 | +18.3% | -10.9% | -37.6% |
| 2019 | -26.0% | +20.0% | -50.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Schrock Fam Foundation with a Mission Score of 65 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, Schrock Fam 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 surplus of $12K, 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 positive for a foundation of this size.
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 Schrock Fam Foundation's IRS 990 filings:
- Significant long-term decline in assets (from $687,673 in 2011 to $177,724 currently).
- Frequent periods where expenses far exceeded revenue, indicating unsustainable spending patterns.
- Negative revenue reported in 202212 ($-1,576), which could indicate investment losses or accounting adjustments.
Strengths
The following positive indicators were identified for Schrock Fam Foundation:
- No officer compensation reported, indicating efficient use of funds for governance.
- Consistent filing of IRS Form 990s, demonstrating transparency.
- Very low liabilities ($1 in recent years), indicating a healthy balance sheet in terms of debt.
Frequently Asked Questions about Schrock Fam Foundation
Is Schrock Fam Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Schrock Fam Foundation (EIN: 200489095) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Schrock Fam Foundation spend its money?
Schrock Fam Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Schrock Fam Foundation tax-deductible?
Schrock Fam Foundation is registered as a tax-exempt nonprofit (EIN: 200489095). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Schrock Fam Foundation financially sustainable long-term?
Based on the trend of declining assets from $687,673 in 2011 to $177,724 currently, and periods where expenses significantly outpaced revenue (e.g., 2019 and 2020), the foundation's current financial trajectory suggests it is not sustainable long-term without new significant contributions or a change in spending patterns.
What is the primary activity of this foundation?
Given its NTEE code B82 (Private Grantmaking Foundations) and the absence of other program details, its primary activity is likely making grants to other organizations or individuals, rather than directly operating programs.
Why did assets decrease so much?
Assets decreased significantly because in many periods, expenses substantially exceeded revenue. For example, in 2019, revenue was $28,527 while expenses were $145,898, and in 2020, revenue was $33,761 against expenses of $129,956. This consistent deficit spending drew down the foundation's principal.
Filing History
IRS 990 filing history for Schrock Fam Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Schrock Fam Foundation's revenue has declined by 67.6%, moving from $57K to $18K. Total assets decreased by 74.5% over the same period, from $688K to $175K. Total functional expenses fell by 90.5%, from $70K to $7K. In its most recent filing year (2023), Schrock Fam Foundation reported a surplus of $12K, with revenue exceeding expenses. The organization holds $1 in liabilities against $175K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $175K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $18K | $7K | $175K | $1 | — | — |
| 2022 | $-1,576 | $7K | $163K | $1 | — | — |
| 2021 | $25K | $13K | $172K | $1 | — | — |
| 2020 | $34K | $130K | $160K | $1 | — | View 990 |
| 2019 | $29K | $146K | $256K | $1 | — | View 990 |
| 2015 | $39K | $122K | $518K | $0 | — | View 990 |
| 2014 | $69K | $62K | $601K | $0 | — | View 990 |
| 2013 | $29K | $116K | $594K | $0 | — | View 990 |
| 2012 | $50K | $57K | $681K | $0 | — | View 990 |
| 2011 | $57K | $70K | $688K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $18K, expenses of $7K, and assets of $175K.
- 2022: Revenue of $-1,576, expenses of $7K, and assets of $163K (revenue -106.2% year-over-year).
- 2021: Revenue of $25K, expenses of $13K, and assets of $172K (revenue -24.9% year-over-year).
- 2020: Revenue of $34K, expenses of $130K, and assets of $160K (revenue +18.3% year-over-year).
- 2019: Revenue of $29K, expenses of $146K, and assets of $256K (revenue -26.0% year-over-year).
- 2015: Revenue of $39K, expenses of $122K, and assets of $518K (revenue -44.0% year-over-year).
- 2014: Revenue of $69K, expenses of $62K, and assets of $601K (revenue +136.1% year-over-year).
- 2013: Revenue of $29K, expenses of $116K, and assets of $594K (revenue -42.1% year-over-year).
- 2012: Revenue of $50K, expenses of $57K, and assets of $681K (revenue -11.6% year-over-year).
- 2011: Revenue of $57K, expenses of $70K, and assets of $688K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Schrock Fam Foundation:
Data Sources and Methodology
This transparency report for Schrock Fam 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.