Sidney J Weinberg Foundation
Sidney J Weinberg Foundation consistently spends more than its annual revenue, drawing down its substantial asset base.
EIN: 132998603 · Albany, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $10.7M |
| Total Expenses | $6.4M |
| Program Spending | 90% |
| Net Assets | $23.1M |
| Transparency Score | 75/100 |
Is Sidney J Weinberg Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sidney J Weinberg Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sidney J Weinberg Foundation
Sidney J Weinberg Foundation (EIN: 132998603) is a nonprofit organization based in Albany, NY. The organization reported total revenue of $10.7M and total assets of $21.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sidney J Weinberg Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sidney J Weinberg Foundation is a large nonprofit that has been operating for 43 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -12.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.7M |
| Total Expenses | $6.4M |
| Surplus / Deficit | $-1,695,507 |
| Total Assets | $23.1M |
| Total Liabilities | $1 |
| Net Assets | $23.1M |
| Operating Margin | -36.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 43.4 months |
Financial Health Grade: B
In 2023, Sidney J Weinberg Foundation reported a deficit of $1.7M with expenses exceeding revenue, holds 43.4 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), Sidney J Weinberg Foundation's revenue has declined at a compound annual growth rate (CAGR) of -12.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +228.5% | +25.7% | -3.5% |
| 2022 | -77.0% | +21.4% | -13.5% |
| 2021 | +427.8% | +12.1% | +7.4% |
| 2020 | -31.0% | -16.7% | -9.3% |
| 2019 | +32.4% | +6.9% | -22.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
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 Sidney J Weinberg Foundation with a Mission Score of 75 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, Sidney J Weinberg 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 $1.7M, 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 the foundation's leadership is either entirely volunteer-based or compensated through an external management entity, which is a positive sign for minimizing direct administrative costs.
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 Sidney J Weinberg Foundation's IRS 990 filings:
- Consistent deficit spending: Expenses have frequently exceeded revenue, such as $6,383,766 in expenses vs. $4,688,259 in revenue in 2023.
- Significant decline in assets over time: Assets have decreased from $47,386,979 in 2011 to $23,062,095 in 2023, indicating a sustained draw-down.
Strengths
The following positive indicators were identified for Sidney J Weinberg Foundation:
- Zero officer compensation: Consistently reports 0% officer compensation, suggesting efficient use of funds for leadership or volunteer-led governance.
- Negligible liabilities: Liabilities are consistently reported as very low (often $0 or $1), indicating strong financial solvency and low debt.
- Substantial asset base: Despite declines, the foundation still holds over $23 million in assets, providing a significant base for future grant-making.
Frequently Asked Questions about Sidney J Weinberg Foundation
Is Sidney J Weinberg Foundation a legitimate charity?
Sidney J Weinberg Foundation (EIN: 132998603) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $10.7M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Sidney J Weinberg Foundation spend its money?
Sidney J Weinberg Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Sidney J Weinberg Foundation tax-deductible?
Sidney J Weinberg Foundation is registered as a tax-exempt nonprofit (EIN: 132998603). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Sidney J Weinberg Foundation located?
Sidney J Weinberg Foundation is headquartered in Albany, New York and files with the IRS under EIN 132998603.
How many years of IRS 990 filings does Sidney J Weinberg Foundation have?
Sidney J Weinberg 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 $10.7M in total revenue.
What is the long-term strategy for the foundation's declining asset base?
The foundation's assets have decreased from $47,386,979 in 2011 to $23,062,095 in 2023, while expenses have frequently exceeded revenue. Understanding the strategy behind this sustained draw-down is crucial for assessing its future impact.
How does the foundation manage its operations with 0% reported officer compensation?
The consistent reporting of zero officer compensation suggests either a fully volunteer board or that operational management is outsourced or compensated through other means not reflected in this line item. Clarification on this structure would enhance transparency.
What are the specific program areas supported by the foundation?
While the financial data indicates significant spending, the NTEE code is unknown, and specific program areas are not detailed in the provided financial summary. Understanding the mission and impact areas would provide a more complete picture.
Filing History
IRS 990 filing history for Sidney J Weinberg Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Sidney J Weinberg Foundation's revenue has declined by 78.8%, moving from $22.1M to $4.7M. Total assets decreased by 51.3% over the same period, from $47.4M to $23.1M. Total functional expenses rose by 92.8%, from $3.3M to $6.4M. In its most recent filing year (2023), Sidney J Weinberg Foundation reported a deficit of $1.7M, with expenses exceeding revenue. The organization holds $1 in liabilities against $23.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $23.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.7M | $6.4M | $23.1M | $1 | — | — |
| 2022 | $1.4M | $5.1M | $23.9M | $1 | — | View 990 |
| 2021 | $6.2M | $4.2M | $27.6M | $1 | — | View 990 |
| 2020 | $1.2M | $3.7M | $25.7M | $1 | — | View 990 |
| 2019 | $1.7M | $4.5M | $28.4M | $0 | — | View 990 |
| 2015 | $1.3M | $4.2M | $36.5M | $4K | — | View 990 |
| 2014 | $2.2M | $4.4M | $39.4M | $0 | — | View 990 |
| 2013 | $1.6M | $5.1M | $41.6M | $132 | — | View 990 |
| 2012 | $1.2M | $3.6M | $45.0M | $4K | — | View 990 |
| 2011 | $22.1M | $3.3M | $47.4M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.7M, expenses of $6.4M, and assets of $23.1M (revenue +228.5% year-over-year).
- 2022: Revenue of $1.4M, expenses of $5.1M, and assets of $23.9M (revenue -77.0% year-over-year).
- 2021: Revenue of $6.2M, expenses of $4.2M, and assets of $27.6M (revenue +427.8% year-over-year).
- 2020: Revenue of $1.2M, expenses of $3.7M, and assets of $25.7M (revenue -31.0% year-over-year).
- 2019: Revenue of $1.7M, expenses of $4.5M, and assets of $28.4M (revenue +32.4% year-over-year).
- 2015: Revenue of $1.3M, expenses of $4.2M, and assets of $36.5M (revenue -41.0% year-over-year).
- 2014: Revenue of $2.2M, expenses of $4.4M, and assets of $39.4M (revenue +33.7% year-over-year).
- 2013: Revenue of $1.6M, expenses of $5.1M, and assets of $41.6M (revenue +35.7% year-over-year).
- 2012: Revenue of $1.2M, expenses of $3.6M, and assets of $45.0M (revenue -94.6% year-over-year).
- 2011: Revenue of $22.1M, expenses of $3.3M, and assets of $47.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sidney J Weinberg Foundation:
Data Sources and Methodology
This transparency report for Sidney J Weinberg 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.