Sheldon & Denise Schillerfoundation Inc
Sheldon & Denise Schillerfoundation Inc maintains stable assets with unpaid leadership.
EIN: 205375972 · Louisville, KY · NTEE: T22 · Updated: 2026-03-28
Is Sheldon & Denise Schillerfoundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sheldon & Denise Schillerfoundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sheldon & Denise Schillerfoundation Inc
Sheldon & Denise Schillerfoundation Inc (EIN: 205375972) is a nonprofit organization based in Louisville, KY, classified under NTEE code T22. The organization reported total revenue of $136K and total assets of $348K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sheldon & Denise Schillerfoundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Sheldon & Denise Schillerfoundation Inc 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Sheldon & Denise Schillerfoundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's officers are unpaid volunteers, which is highly commendable 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.
Strengths
The following positive indicators were identified for Sheldon & Denise Schillerfoundation Inc:
- Consistent 0% officer compensation, indicating volunteer leadership.
- Healthy and growing asset base, demonstrating financial stability.
- Generally conservative spending relative to revenue, allowing for asset accumulation.
- Low liabilities across all reported periods.
Frequently Asked Questions about Sheldon & Denise Schillerfoundation Inc
Is Sheldon & Denise Schillerfoundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Sheldon & Denise Schillerfoundation Inc (EIN: 205375972) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does Sheldon & Denise Schillerfoundation Inc spend its money?
Sheldon & Denise Schillerfoundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Sheldon & Denise Schillerfoundation Inc tax-deductible?
Sheldon & Denise Schillerfoundation Inc is registered as a tax-exempt nonprofit (EIN: 205375972). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Sheldon & Denise Schillerfoundation Inc a good charity?
Based on the available data, the foundation demonstrates strong financial health with growing assets and a commendable commitment to not paying officer compensation. This suggests a high degree of efficiency in how funds are managed, making it appear to be a well-run entity.
What is the trend in the foundation's assets?
The foundation's assets have shown a consistent upward trend, growing from $119,559 in 2012 to $263,726 in 2024, indicating sound financial management and accumulation of resources.
How does the foundation's revenue compare to its expenses?
For most periods, the foundation's revenue has exceeded its expenses, allowing for asset growth. For example, in 2024, revenue was $44,310 against expenses of $5,097. There was an exception in 2023 where expenses ($37,078) slightly surpassed revenue ($25,855).
Filing History
IRS 990 filing history for Sheldon & Denise Schillerfoundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Sheldon & Denise Schillerfoundation Inc's revenue has grown by 27.2%, moving from $35K to $44K. Total assets increased by 120.6% over the same period, from $120K to $264K. Total functional expenses fell by 78%, from $23K to $5K. In its most recent filing year (2024), Sheldon & Denise Schillerfoundation Inc reported a surplus of $39K, with revenue exceeding expenses. The organization holds $1 in liabilities against $264K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $264K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $44K | $5K | $264K | $1 | — | View 990 |
| 2023 | $26K | $37K | $225K | $1 | — | View 990 |
| 2022 | $39K | $32K | $236K | $1 | — | View 990 |
| 2021 | $70K | $34K | $229K | $1 | — | — |
| 2020 | $64K | $29K | $192K | $1 | — | View 990 |
| 2016 | $83K | $30K | $172K | $0 | — | View 990 |
| 2015 | $55K | $27K | $118K | $0 | — | View 990 |
| 2014 | $19K | $35K | $91K | $0 | — | View 990 |
| 2013 | $16K | $29K | $106K | $0 | — | View 990 |
| 2012 | $35K | $23K | $120K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $44K, expenses of $5K, and assets of $264K (revenue +71.4% year-over-year).
- 2023: Revenue of $26K, expenses of $37K, and assets of $225K (revenue -34.2% year-over-year).
- 2022: Revenue of $39K, expenses of $32K, and assets of $236K (revenue -44.2% year-over-year).
- 2021: Revenue of $70K, expenses of $34K, and assets of $229K (revenue +10.2% year-over-year).
- 2020: Revenue of $64K, expenses of $29K, and assets of $192K (revenue -23.3% year-over-year).
- 2016: Revenue of $83K, expenses of $30K, and assets of $172K (revenue +52.4% year-over-year).
- 2015: Revenue of $55K, expenses of $27K, and assets of $118K (revenue +180.5% year-over-year).
- 2014: Revenue of $19K, expenses of $35K, and assets of $91K (revenue +23.5% year-over-year).
- 2013: Revenue of $16K, expenses of $29K, and assets of $106K (revenue -54.7% year-over-year).
- 2012: Revenue of $35K, expenses of $23K, and assets of $120K.
Data Sources and Methodology
This transparency report for Sheldon & Denise Schillerfoundation Inc 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.