Simon And Eve Colin Foundation
Simon And Eve Colin Foundation's assets have significantly declined while expenses consistently outpace revenue in recent years.
EIN: 112676434 · Manhasset, NY · Updated: 2026-03-28
Is Simon And Eve Colin Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Simon And Eve Colin Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Simon And Eve Colin Foundation
Simon And Eve Colin Foundation (EIN: 112676434) is a nonprofit organization based in Manhasset, NY. The organization reported total revenue of $5.7M and total assets of $8.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Simon And Eve Colin Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Simon And Eve Colin Foundation is a mid-size nonprofit that has been operating for 42 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -18.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $777K |
| Total Expenses | $1.3M |
| Surplus / Deficit | $-477,591 |
| Total Assets | $5.2M |
| Total Liabilities | $1 |
| Net Assets | $5.2M |
| Operating Margin | -61.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 49.6 months |
Financial Health Grade: B
In 2023, Simon And Eve Colin Foundation reported a deficit of $478K with expenses exceeding revenue, holds 49.6 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), Simon And Eve Colin Foundation's revenue has declined at a compound annual growth rate (CAGR) of -18.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +36.6% | +8.1% | -8.0% |
| 2022 | -69.6% | -20.1% | -74.6% |
| 2021 | +51.8% | -1.7% | +1.9% |
| 2020 | -1.4% | -21.9% | -1.1% |
| 2019 | +30.5% | +21.7% | +3.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
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 Simon And Eve Colin 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Simon And Eve Colin Foundation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 $478K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The consistent reporting of 0% officer compensation across all available filings indicates that no salaries are paid to officers, which is a positive sign for donor confidence regarding executive pay.
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 Simon And Eve Colin Foundation's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., 2023 expenses $1.25M vs. revenue $0.77M)
- Significant decline in total assets from $22.19M in 2021 to $5.18M in 2023
- Unknown NTEE code, which limits understanding of its specific programmatic focus.
Strengths
The following positive indicators were identified for Simon And Eve Colin Foundation:
- Zero officer compensation reported across all filings, indicating efficient use of funds for leadership.
- Historically low liabilities, often reported as $1, suggesting strong financial management of debt.
Frequently Asked Questions about Simon And Eve Colin Foundation
Is Simon And Eve Colin Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Simon And Eve Colin Foundation (EIN: 112676434) some concerns. Mission Score: 75/100. 3 red flags identified, 2 strengths noted.
How does Simon And Eve Colin Foundation spend its money?
Simon And Eve Colin Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Simon And Eve Colin Foundation tax-deductible?
Simon And Eve Colin Foundation is registered as a tax-exempt nonprofit (EIN: 112676434). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why have the foundation's assets decreased so dramatically from $22.19 million in 2021 to $5.18 million in 2023?
The significant decline in assets suggests substantial grantmaking activity or investment losses. Further investigation into their grant schedules would clarify the nature of these distributions.
Is the foundation's current spending level sustainable given that expenses have exceeded revenue in recent periods?
With expenses exceeding revenue in 2022 and 2023, the foundation is operating at a deficit, drawing down on its asset base. This trend is not sustainable long-term without a significant increase in revenue or reduction in expenses.
What is the primary source of the foundation's revenue, given its fluctuating nature?
The revenue has varied significantly, from $8.87 million in 2011 to $568,477 in 2022. This fluctuation could indicate reliance on investment returns, large one-time donations, or specific grant cycles, which would require deeper analysis of their revenue streams.
Filing History
IRS 990 filing history for Simon And Eve Colin Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Simon And Eve Colin Foundation's revenue has declined by 91.2%, moving from $8.9M to $777K. Total assets decreased by 73.8% over the same period, from $19.8M to $5.2M. Total functional expenses rose by 67.8%, from $748K to $1.3M. In its most recent filing year (2023), Simon And Eve Colin Foundation reported a deficit of $478K, with expenses exceeding revenue. The organization holds $1 in liabilities against $5.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $777K | $1.3M | $5.2M | $1 | — | — |
| 2022 | $568K | $1.2M | $5.6M | $1 | — | View 990 |
| 2021 | $1.9M | $1.5M | $22.2M | $1 | — | View 990 |
| 2020 | $1.2M | $1.5M | $21.8M | $1 | — | — |
| 2019 | $1.2M | $1.9M | $22.0M | $1 | — | View 990 |
| 2015 | $958K | $1.6M | $21.3M | $1 | — | View 990 |
| 2014 | $2.5M | $1.3M | $21.9M | $13K | — | View 990 |
| 2013 | $1.2M | $773K | $20.7M | $9K | — | View 990 |
| 2012 | $1.3M | $791K | $20.3M | $1 | — | View 990 |
| 2011 | $8.9M | $748K | $19.8M | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $777K, expenses of $1.3M, and assets of $5.2M (revenue +36.6% year-over-year).
- 2022: Revenue of $568K, expenses of $1.2M, and assets of $5.6M (revenue -69.6% year-over-year).
- 2021: Revenue of $1.9M, expenses of $1.5M, and assets of $22.2M (revenue +51.8% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.5M, and assets of $21.8M (revenue -1.4% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.9M, and assets of $22.0M (revenue +30.5% year-over-year).
- 2015: Revenue of $958K, expenses of $1.6M, and assets of $21.3M (revenue -62.2% year-over-year).
- 2014: Revenue of $2.5M, expenses of $1.3M, and assets of $21.9M (revenue +114.5% year-over-year).
- 2013: Revenue of $1.2M, expenses of $773K, and assets of $20.7M (revenue -10.8% year-over-year).
- 2012: Revenue of $1.3M, expenses of $791K, and assets of $20.3M (revenue -85.1% year-over-year).
- 2011: Revenue of $8.9M, expenses of $748K, and assets of $19.8M.
Data Sources and Methodology
This transparency report for Simon And Eve Colin 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.