Seidman Family Foundation
Seidman Family Foundation's assets have declined by 30% over the past decade while consistently reporting zero officer compensation.
EIN: 136098204 · Wilmington, DE · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $811K |
| Total Expenses | $717K |
| Program Spending | 90% |
| Net Assets | $3.7M |
| Transparency Score | 85/100 |
Is Seidman Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Seidman Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Seidman Family Foundation
Seidman Family Foundation (EIN: 136098204) is a nonprofit organization based in Wilmington, DE. The organization reported total revenue of $811K and total assets of $3.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Seidman Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Seidman Family Foundation is a small nonprofit that has been operating for 74 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -20.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $139K |
| Total Expenses | $717K |
| Surplus / Deficit | $-577,492 |
| Total Assets | $3.7M |
| Total Liabilities | $1 |
| Net Assets | $3.7M |
| Operating Margin | -415.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 61.3 months |
Financial Health Grade: B
In 2023, Seidman Family Foundation reported a deficit of $577K with expenses exceeding revenue, holds 61.3 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), Seidman Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -20.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +366.3% | +135.8% | -13.6% |
| 2022 | -96.9% | -77.6% | -6.1% |
| 2021 | +118.3% | +100.0% | -7.8% |
| 2020 | +8.8% | +102.7% | -4.5% |
| 2019 | +117.5% | +16.9% | -1.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1230 |
| IRS Ruling Date | 1952 |
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 Seidman 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, Seidman 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 $577K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Seidman Family Foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, which is highly efficient for a foundation of its 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 Seidman Family Foundation's IRS 990 filings:
- Consistent decline in total assets over the past decade (from $5.2M in 2011 to $3.6M in 2023)
- Highly volatile annual revenue, making future income projections difficult.
Strengths
The following positive indicators were identified for Seidman Family Foundation:
- Zero officer compensation reported across all filings, indicating high efficiency in executive pay.
- Extremely low liabilities ($1 or $0) across all periods, demonstrating strong financial health regarding debt.
- Consistent history of grantmaking (implied by expenses for a private foundation).
Frequently Asked Questions about Seidman Family Foundation
Is Seidman Family Foundation a legitimate charity?
Seidman Family Foundation (EIN: 136098204) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $811K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Seidman Family Foundation spend its money?
Seidman Family Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Seidman Family Foundation tax-deductible?
Seidman Family Foundation is registered as a tax-exempt nonprofit (EIN: 136098204). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Seidman Family Foundation located?
Seidman Family Foundation is headquartered in Wilmington, Delaware and files with the IRS under EIN 136098204.
How many years of IRS 990 filings does Seidman Family Foundation have?
Seidman Family Foundation 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 $811K in total revenue.
Why have the foundation's assets decreased significantly over the past decade?
The foundation's assets have decreased from $5,234,652 in 2011 to $3,660,604 in 2023, likely due to consistent grantmaking exceeding investment returns and new contributions, indicating a planned draw-down of the endowment.
What is the primary purpose of the Seidman Family Foundation?
As a private foundation with no officer compensation and consistent expenses, its primary purpose is likely grantmaking to support other charitable organizations or causes, though specific program areas are not detailed in the provided data.
Is the foundation financially stable despite declining assets?
Yes, the foundation appears financially stable with very low liabilities ($1 or $0) across all reported periods, indicating no significant debt burden. The asset decline is a trend to monitor but does not immediately suggest instability.
Filing History
IRS 990 filing history for Seidman Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Seidman Family Foundation's revenue has declined by 93.6%, moving from $2.2M to $139K. Total assets decreased by 30.1% over the same period, from $5.2M to $3.7M. Total functional expenses rose by 70.3%, from $421K to $717K. In its most recent filing year (2023), Seidman Family Foundation reported a deficit of $577K, with expenses exceeding revenue. The organization holds $1 in liabilities against $3.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $139K | $717K | $3.7M | $1 | — | View 990 |
| 2022 | $30K | $304K | $4.2M | $1 | — | View 990 |
| 2021 | $974K | $1.4M | $4.5M | $1 | — | View 990 |
| 2020 | $446K | $677K | $4.9M | $1 | — | View 990 |
| 2019 | $410K | $334K | $5.1M | $1 | — | — |
| 2015 | $189K | $286K | $5.2M | $0 | — | View 990 |
| 2014 | $522K | $284K | $5.3M | $1 | — | View 990 |
| 2013 | $304K | $378K | $5.1M | $1 | — | View 990 |
| 2012 | $93K | $194K | $5.1M | $1 | — | View 990 |
| 2011 | $2.2M | $421K | $5.2M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $139K, expenses of $717K, and assets of $3.7M (revenue +366.3% year-over-year).
- 2022: Revenue of $30K, expenses of $304K, and assets of $4.2M (revenue -96.9% year-over-year).
- 2021: Revenue of $974K, expenses of $1.4M, and assets of $4.5M (revenue +118.3% year-over-year).
- 2020: Revenue of $446K, expenses of $677K, and assets of $4.9M (revenue +8.8% year-over-year).
- 2019: Revenue of $410K, expenses of $334K, and assets of $5.1M (revenue +117.5% year-over-year).
- 2015: Revenue of $189K, expenses of $286K, and assets of $5.2M (revenue -63.8% year-over-year).
- 2014: Revenue of $522K, expenses of $284K, and assets of $5.3M (revenue +71.4% year-over-year).
- 2013: Revenue of $304K, expenses of $378K, and assets of $5.1M (revenue +225.7% year-over-year).
- 2012: Revenue of $93K, expenses of $194K, and assets of $5.1M (revenue -95.7% year-over-year).
- 2011: Revenue of $2.2M, expenses of $421K, and assets of $5.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Seidman Family Foundation:
Data Sources and Methodology
This transparency report for Seidman 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.