Silver Mountain Foundation For The Arts
Silver Mountain Foundation For The Arts faces significant operating deficits despite substantial assets and no officer compensation.
EIN: 133157286 · Morristown, NJ · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.0M |
| Total Expenses | $2.0M |
| Program Spending | 70% |
| Net Assets | $17.1M |
| Transparency Score | 75/100 |
Is Silver Mountain Foundation For The Arts Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Silver Mountain Foundation For The Arts directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Silver Mountain Foundation For The Arts
Silver Mountain Foundation For The Arts (EIN: 133157286) is a nonprofit organization based in Morristown, NJ. The organization reported total revenue of $4.0M and total assets of $15.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Silver Mountain Foundation For The Arts's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Silver Mountain Foundation For The Arts is a mid-size 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 -14.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $545K |
| Total Expenses | $2.0M |
| Surplus / Deficit | $-1,453,340 |
| Total Assets | $17.1M |
| Total Liabilities | $1 |
| Net Assets | $17.1M |
| Operating Margin | -266.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 102.8 months |
Financial Health Grade: B
In 2023, Silver Mountain Foundation For The Arts reported a deficit of $1.5M with expenses exceeding revenue, holds 102.8 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), Silver Mountain Foundation For The Arts's revenue has declined at a compound annual growth rate (CAGR) of -14.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -64.0% | +16.0% | -7.8% |
| 2022 | -60.0% | -20.7% | -1.2% |
| 2021 | -32.3% | -60.8% | +9.4% |
| 2020 | +323.2% | +483.7% | +0.3% |
| 2019 | -42.7% | +11.9% | +26.5% |
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 Silver Mountain Foundation For The Arts 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Silver Mountain Foundation For The Arts allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.5M, 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 officers receive salaries from the organization, which is highly favorable for donor perception and resource allocation.
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 Silver Mountain Foundation For The Arts's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., 2023 expenses $1,998,236 vs. revenue $544,896).
- Significant year-over-year revenue volatility (e.g., $5.59M in 2020 to $0.54M in 2023).
- Decline in total assets from peak of $18.7M in 2021 to $17.1M in 2023, likely due to deficit spending.
Strengths
The following positive indicators were identified for Silver Mountain Foundation For The Arts:
- Zero officer compensation reported across all filings, indicating high transparency and efficient use of funds for leadership.
- Substantial asset base ($17,114,814 in 2023) provides a strong financial cushion.
- Consistently low or zero liabilities, indicating prudent debt management.
Frequently Asked Questions about Silver Mountain Foundation For The Arts
Is Silver Mountain Foundation For The Arts a legitimate charity?
Silver Mountain Foundation For The Arts (EIN: 133157286) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $4.0M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Silver Mountain Foundation For The Arts spend its money?
Silver Mountain Foundation For The Arts directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Silver Mountain Foundation For The Arts tax-deductible?
Silver Mountain Foundation For The Arts is registered as a tax-exempt nonprofit (EIN: 133157286). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Silver Mountain Foundation For The Arts's spending goes to programs?
Silver Mountain Foundation For The Arts directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Silver Mountain Foundation For The Arts located?
Silver Mountain Foundation For The Arts is headquartered in Morristown, New Jersey and files with the IRS under EIN 133157286.
How many years of IRS 990 filings does Silver Mountain Foundation For The Arts have?
Silver Mountain Foundation For The Arts 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 $4.0M in total revenue.
Is Silver Mountain Foundation For The Arts financially sustainable given its recent deficits?
The organization has reported expenses exceeding revenue in both 2022 ($1,722,110 expenses vs. $1,512,775 revenue) and 2023 ($1,998,236 expenses vs. $544,896 revenue). While it has substantial assets ($17,114,814 in 2023), this trend of deficit spending is not sustainable long-term and could erode its asset base if not reversed.
How does the organization manage its significant assets?
The organization has consistently maintained a large asset base, peaking at $18,777,232 in 2021. While the data doesn't detail asset management strategies, the consistent high value suggests effective stewardship of its financial holdings, though recent deficits have led to a slight decline in total assets.
What caused the sharp decline in revenue from 2020 to 2023?
Revenue fluctuated significantly, from $5,590,001 in 2020 to $544,896 in 2023. The provided data does not specify the reasons for these fluctuations, but such volatility could indicate reliance on unpredictable funding sources or specific large grants that were not renewed.
Filing History
IRS 990 filing history for Silver Mountain Foundation For The Arts showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Silver Mountain Foundation For The Arts's revenue has declined by 84.6%, moving from $3.5M to $545K. Total assets increased by 92.8% over the same period, from $8.9M to $17.1M. Total functional expenses rose by 265.2%, from $547K to $2.0M. In its most recent filing year (2023), Silver Mountain Foundation For The Arts reported a deficit of $1.5M, with expenses exceeding revenue. The organization holds $1 in liabilities against $17.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $17.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $545K | $2.0M | $17.1M | $1 | — | — |
| 2022 | $1.5M | $1.7M | $18.6M | $1 | — | View 990 |
| 2021 | $3.8M | $2.2M | $18.8M | $1 | — | View 990 |
| 2020 | $5.6M | $5.5M | $17.2M | $1 | — | — |
| 2019 | $1.3M | $948K | $17.1M | $0 | — | View 990 |
| 2015 | $2.3M | $847K | $13.5M | $0 | — | View 990 |
| 2014 | $2.8M | $1.4M | $12.1M | $0 | — | View 990 |
| 2013 | $2.7M | $1.2M | $10.7M | $0 | — | View 990 |
| 2012 | $1.4M | $1.1M | $9.2M | $0 | — | View 990 |
| 2011 | $3.5M | $547K | $8.9M | $407 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $545K, expenses of $2.0M, and assets of $17.1M (revenue -64.0% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.7M, and assets of $18.6M (revenue -60.0% year-over-year).
- 2021: Revenue of $3.8M, expenses of $2.2M, and assets of $18.8M (revenue -32.3% year-over-year).
- 2020: Revenue of $5.6M, expenses of $5.5M, and assets of $17.2M (revenue +323.2% year-over-year).
- 2019: Revenue of $1.3M, expenses of $948K, and assets of $17.1M (revenue -42.7% year-over-year).
- 2015: Revenue of $2.3M, expenses of $847K, and assets of $13.5M (revenue -16.4% year-over-year).
- 2014: Revenue of $2.8M, expenses of $1.4M, and assets of $12.1M (revenue +2.2% year-over-year).
- 2013: Revenue of $2.7M, expenses of $1.2M, and assets of $10.7M (revenue +89.6% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.1M, and assets of $9.2M (revenue -59.9% year-over-year).
- 2011: Revenue of $3.5M, expenses of $547K, and assets of $8.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Silver Mountain Foundation For The Arts:
Data Sources and Methodology
This transparency report for Silver Mountain Foundation For The Arts 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.