Sidney E Frank Charitable Foundation
Sidney E Frank Charitable Foundation maintains over $300M in assets with zero executive compensation.
EIN: 206383779 · Harrison, NY · NTEE: T20 · Updated: 2026-03-28
Is Sidney E Frank Charitable Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sidney E Frank Charitable Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sidney E Frank Charitable Foundation
Sidney E Frank Charitable Foundation (EIN: 206383779) is a nonprofit organization based in Harrison, NY, classified under NTEE code T20. The organization reported total revenue of $154.7M and total assets of $324.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sidney E Frank Charitable Foundation'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 Sidney E Frank Charitable Foundation with a Mission Score of 90 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Sidney E Frank Charitable Foundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 no officers receive salaries from the foundation, which is highly commendable for an organization with assets exceeding $300 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 Sidney E Frank Charitable Foundation:
- Consistently zero executive compensation, indicating high efficiency and dedication to mission.
- Substantial and stable asset base, consistently over $300 million, ensuring long-term sustainability.
- Minimal to zero liabilities, demonstrating excellent financial health and no debt burden.
- Consistent grantmaking activity, even in years with lower revenue, supported by its endowment.
- Strong financial transparency through publicly available 990 filings.
Frequently Asked Questions about Sidney E Frank Charitable Foundation
Is Sidney E Frank Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Sidney E Frank Charitable Foundation (EIN: 206383779) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Sidney E Frank Charitable Foundation spend its money?
Sidney E Frank Charitable Foundation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Sidney E Frank Charitable Foundation tax-deductible?
Sidney E Frank Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 206383779). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Sidney E Frank Charitable Foundation a good charity?
Based on the provided data, the Sidney E Frank Charitable Foundation appears to be a very good charity. It maintains a substantial asset base, consistently reports zero executive compensation, and has minimal liabilities, all indicating strong financial health and a commitment to its charitable mission.
How does the foundation manage its expenses when revenue is lower?
The foundation manages expenses, even when revenue is lower than expenses (e.g., 202312 with $9,449,031 revenue and $25,769,115 expenses), by drawing from its significant asset base, which has consistently been over $300 million. This demonstrates its capacity to sustain grantmaking activities regardless of annual revenue fluctuations.
What is the trend in the foundation's assets?
The foundation's assets have remained robust and stable, consistently above $300 million over the past decade, reaching $324,843,718 in the latest period. While there are minor fluctuations, the overall trend indicates strong financial stewardship and a healthy endowment.
Does the foundation have any debt?
No, the foundation consistently reports minimal to zero liabilities ($1 or $0 across all filings), indicating it operates without significant debt.
Filing History
IRS 990 filing history for Sidney E Frank Charitable Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Sidney E Frank Charitable Foundation's revenue has declined by 61.8%, moving from $24.7M to $9.4M. Total assets increased by 10.1% over the same period, from $291.1M to $320.5M. Total functional expenses rose by 81.2%, from $14.2M to $25.8M. In its most recent filing year (2023), Sidney E Frank Charitable Foundation reported a deficit of $16.3M, with expenses exceeding revenue. The organization holds $1 in liabilities against $320.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $320.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $9.4M | $25.8M | $320.5M | $1 | — | View 990 |
| 2022 | $18.8M | $20.6M | $312.3M | $1 | — | View 990 |
| 2021 | $30.7M | $21.6M | $386.2M | $1 | — | View 990 |
| 2020 | $20.9M | $13.8M | $367.5M | $1 | — | View 990 |
| 2019 | $15.8M | $17.0M | $312.7M | $1 | — | View 990 |
| 2015 | $19.5M | $36.8M | $309.0M | $0 | — | View 990 |
| 2014 | $13.5M | $13.8M | $336.0M | $0 | — | View 990 |
| 2013 | $13.1M | $10.4M | $326.3M | $0 | — | View 990 |
| 2012 | $6.5M | $26.1M | $293.3M | $0 | — | View 990 |
| 2011 | $24.7M | $14.2M | $291.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.4M, expenses of $25.8M, and assets of $320.5M (revenue -49.7% year-over-year).
- 2022: Revenue of $18.8M, expenses of $20.6M, and assets of $312.3M (revenue -38.9% year-over-year).
- 2021: Revenue of $30.7M, expenses of $21.6M, and assets of $386.2M (revenue +47.0% year-over-year).
- 2020: Revenue of $20.9M, expenses of $13.8M, and assets of $367.5M (revenue +32.0% year-over-year).
- 2019: Revenue of $15.8M, expenses of $17.0M, and assets of $312.7M (revenue -18.9% year-over-year).
- 2015: Revenue of $19.5M, expenses of $36.8M, and assets of $309.0M (revenue +44.2% year-over-year).
- 2014: Revenue of $13.5M, expenses of $13.8M, and assets of $336.0M (revenue +3.4% year-over-year).
- 2013: Revenue of $13.1M, expenses of $10.4M, and assets of $326.3M (revenue +101.8% year-over-year).
- 2012: Revenue of $6.5M, expenses of $26.1M, and assets of $293.3M (revenue -73.8% year-over-year).
- 2011: Revenue of $24.7M, expenses of $14.2M, and assets of $291.1M.
Data Sources and Methodology
This transparency report for Sidney E Frank Charitable 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.