Shaich Family Foundation
Shaich Family Foundation maintains substantial assets and zero executive compensation while consistently distributing funds.
EIN: 200499971 · Miami, FL · NTEE: T22 · Updated: 2026-03-28
Is Shaich Family Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Shaich Family Foundation directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Shaich Family Foundation
Shaich Family Foundation (EIN: 200499971) is a nonprofit organization based in Miami, FL, classified under NTEE code T22. The organization reported total revenue of $8.1M and total assets of $82.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Shaich Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Shaich Family Foundation is a mid-size 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 14.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $620K |
| Total Expenses | $3.6M |
| Surplus / Deficit | $-2,954,611 |
| Total Assets | $75.9M |
| Total Liabilities | $1 |
| Net Assets | $75.9M |
| Operating Margin | -476.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 254.9 months |
Financial Health Grade: B
In 2023, Shaich Family Foundation reported a deficit of $3.0M with expenses exceeding revenue, holds 254.9 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), Shaich Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 14.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -32.0% | +140.7% | +12.4% |
| 2022 | -86.3% | -77.0% | -17.7% |
| 2020 | -350.8% | +37.1% | +6.5% |
| 2019 | +784.9% | +406.4% | +797.0% |
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 Shaich Family Foundation with a Mission Score of 95 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: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Shaich Family Foundation allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% 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 $3.0M, with expenses exceeding revenue.
- 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 highly efficient for a foundation of its size with assets exceeding $82 million.
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.
Strengths
The following positive indicators were identified for Shaich Family Foundation:
- Zero officer compensation across all filings, indicating high efficiency.
- Significant asset growth from $7.7 million in 2011 to over $82 million currently, demonstrating strong financial management.
- Consistently low liabilities ($1 across most filings), indicating sound financial health.
- Active grantmaking, with expenses often exceeding annual revenues, showing commitment to distributing funds.
- High transparency with readily available IRS 990 filings.
Frequently Asked Questions about Shaich Family Foundation
Is Shaich Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Shaich Family Foundation (EIN: 200499971) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Shaich Family Foundation spend its money?
Shaich Family Foundation directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Shaich Family Foundation tax-deductible?
Shaich Family Foundation is registered as a tax-exempt nonprofit (EIN: 200499971). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Shaich Family Foundation a good charity?
Yes, as a private foundation, it demonstrates strong financial health with over $82 million in assets and consistently reports 0% officer compensation, indicating that all expenses are directed towards its charitable mission and operational costs.
How does the foundation manage its assets?
The foundation has shown significant asset growth from $7.7 million in 2011 to over $82 million currently, suggesting effective investment and asset management strategies, despite fluctuating annual revenues.
What is the foundation's spending efficiency?
Spending efficiency is exceptionally high, with 0% reported for officer compensation across all filings. This means virtually all operational expenses are directly related to program activities and grantmaking, making it very efficient.
Filing History
IRS 990 filing history for Shaich Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Shaich Family Foundation's revenue has grown by 382.3%, moving from $128K to $620K. Total assets increased by 882.6% over the same period, from $7.7M to $75.9M. Total functional expenses rose by 777.3%, from $407K to $3.6M. In its most recent filing year (2023), Shaich Family Foundation reported a deficit of $3.0M, with expenses exceeding revenue. The organization holds $1 in liabilities against $75.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $75.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $620K | $3.6M | $75.9M | $1 | — | View 990 |
| 2022 | $911K | $1.5M | $67.5M | $1 | — | View 990 |
| 2021 | $6.6M | $6.4M | $82.1M | $1 | — | View 990 |
| 2020 | $-3,263,338 | $3.6M | $78.3M | $1 | — | View 990 |
| 2019 | $1.3M | $2.6M | $73.6M | $0 | — | View 990 |
| 2015 | $147K | $513K | $8.2M | $1 | — | View 990 |
| 2014 | $178K | $501K | $8.4M | $1 | — | View 990 |
| 2013 | $278K | $372K | $8.6M | $1 | — | View 990 |
| 2012 | $1.2M | $277K | $8.6M | $1 | — | View 990 |
| 2011 | $128K | $407K | $7.7M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $620K, expenses of $3.6M, and assets of $75.9M (revenue -32.0% year-over-year).
- 2022: Revenue of $911K, expenses of $1.5M, and assets of $67.5M (revenue -86.3% year-over-year).
- 2021: Revenue of $6.6M, expenses of $6.4M, and assets of $82.1M.
- 2020: Revenue of $-3,263,338, expenses of $3.6M, and assets of $78.3M (revenue -350.8% year-over-year).
- 2019: Revenue of $1.3M, expenses of $2.6M, and assets of $73.6M (revenue +784.9% year-over-year).
- 2015: Revenue of $147K, expenses of $513K, and assets of $8.2M (revenue -17.3% year-over-year).
- 2014: Revenue of $178K, expenses of $501K, and assets of $8.4M (revenue -36.0% year-over-year).
- 2013: Revenue of $278K, expenses of $372K, and assets of $8.6M (revenue -76.6% year-over-year).
- 2012: Revenue of $1.2M, expenses of $277K, and assets of $8.6M (revenue +824.5% year-over-year).
- 2011: Revenue of $128K, expenses of $407K, and assets of $7.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Shaich Family Foundation:
Data Sources and Methodology
This transparency report for Shaich 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.