Sokol Usa
Sokol USA: Declining Revenue, Stable Assets, and High Administrative Costs Raise Concerns
EIN: 221287847 · Boonton, NJ · Updated: 2026-04-04
About Sokol Usa
Sokol Usa (EIN: 221287847) is a nonprofit organization based in Boonton, NJ. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sokol Usa'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 Sokol Usa with a Mission Score of 60 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: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Sokol Usa allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Executive Compensation Analysis
Executive compensation cannot be assessed as no specific compensation figures are reported in the provided data, and all expenses are categorized as administrative.
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 Sokol Usa's IRS 990 filings:
- Zero reported program expenses for all years, suggesting no direct charitable activities.
- Consistent operating deficits (expenses exceeding revenue) across all years.
- High administrative expenses, consuming 100% of reported expenditures.
- Significant decline in revenue from $194,523 in 2015 to $103,980 in 2021.
Strengths
The following positive indicators were identified for Sokol Usa:
- Maintained a stable asset base over the years, indicating financial resilience despite operational challenges.
Frequently Asked Questions about Sokol Usa
What does Sokol Usa do?
Sokol Usa is a nonprofit organization in the Unknown sector, located in Boonton, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Sokol Usa have?
Sokol Usa reported total revenue of N/A. Based on 11 IRS 990 filings on record.
What are Sokol Usa's total assets?
Sokol Usa holds total assets of N/A as reported in IRS 990 filings.
Where is Sokol Usa located?
Sokol Usa is based in Boonton, New Jersey.
What is Sokol Usa's EIN?
Sokol Usa's Employer Identification Number (EIN) is 221287847. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Sokol Usa?
Sokol Usa is classified under NTEE code Unknown (Unknown).
Is Sokol Usa a registered 501(c)(3)?
Sokol Usa appears in IRS records (EIN: 221287847). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Sokol Usa file IRS Form 990?
Yes, Sokol Usa has 11 IRS Form 990 filings on record. The most recent covers tax period 202112.
What was Sokol Usa's revenue in 2021?
In the 202112 filing period, Sokol Usa reported total revenue of $103,980, total expenses of $94,996, and net assets of $1,689,453.
Is Sokol Usa's revenue growing or declining?
Sokol Usa's revenue is relatively stable. Revenue went from $105,499 (202012) to $103,980 (202112), a -1.4% change. Based on 11 filings on record.
What is Sokol Usa's most recent 990 filing?
The most recent IRS Form 990 filing for Sokol Usa covers tax period 202112. It shows revenue of $103,980, expenses of $94,996, total assets of $1,689,453, and liabilities of N/A.
Is Sokol Usa a trustworthy charity?
Based on AI analysis of IRS 990 data, Sokol Usa shows mixed signals. Mission Score: 60/100 (Good). 4 red flags identified. 1 strength noted.
What are the red flags for Sokol Usa?
The following concerns were identified: Zero reported program expenses for all years, suggesting no direct charitable activities.. Consistent operating deficits (expenses exceeding revenue) across all years.. High administrative expenses, consuming 100% of reported expenditures.. Significant decline in revenue from $194,523 in 2015 to $103,980 in 2021.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Sokol Usa's strengths?
Positive indicators for Sokol Usa include: Maintained a stable asset base over the years, indicating financial resilience despite operational challenges.. These findings are derived from AI analysis of the organization's financial filings.
How does Sokol Usa compensate executives?
Executive compensation cannot be assessed as no specific compensation figures are reported in the provided data, and all expenses are categorized as administrative. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given 100% of expenses are administrative and zero program expenses are reported, what is the actual charitable purpose and impact of Sokol USA?
The data strongly suggests Sokol USA is not directly engaging in charitable programs. Its primary function appears to be administrative, potentially managing assets or supporting an overarching organizational structure without direct program delivery.
How does Sokol USA sustain its operations with consistent revenue declines and no program income?
Sokol USA sustains operations by drawing from its existing asset base, which has remained relatively stable. The consistent deficits indicate that the organization is spending more than it earns annually, relying on its accumulated wealth rather than current income.
Filing History
IRS 990 filing history for Sokol Usa showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2021), Sokol Usa's revenue has declined by 88.7%, moving from $916K to $104K. Total assets decreased by 85.3% over the same period, from $11.5M to $1.7M. Total functional expenses fell by 89%, from $866K to $95K. In its most recent filing year (2021), Sokol Usa reported a surplus of $9K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2021 | $104K | $95K | $1.7M | $0 | — | View 990 |
| 2020 | $105K | $148K | $1.7M | $0 | — | View 990 |
| 2019 | $113K | $146K | $1.7M | $0 | — | — |
| 2018 | $143K | $111K | $1.8M | $347 | — | View 990 |
| 2017 | $116K | $209K | $1.7M | $5K | — | View 990 |
| 2016 | $126K | $137K | $1.8M | $23K | — | View 990 |
| 2015 | $195K | $140K | $1.9M | $23K | — | View 990 |
| 2014 | $-326,828 | $397K | $1.8M | $-1,645 | — | View 990 |
| 2013 | $2.2M | $739K | $11.9M | $5.2M | — | View 990 |
| 2012 | $1.1M | $1.0M | $11.8M | $6.0M | — | View 990 |
| 2011 | $916K | $866K | $11.5M | $5.9M | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $104K, expenses of $95K, and assets of $1.7M (revenue -1.4% year-over-year).
- 2020: Revenue of $105K, expenses of $148K, and assets of $1.7M (revenue -6.4% year-over-year).
- 2019: Revenue of $113K, expenses of $146K, and assets of $1.7M (revenue -21.4% year-over-year).
- 2018: Revenue of $143K, expenses of $111K, and assets of $1.8M (revenue +23.5% year-over-year).
- 2017: Revenue of $116K, expenses of $209K, and assets of $1.7M (revenue -7.9% year-over-year).
- 2016: Revenue of $126K, expenses of $137K, and assets of $1.8M (revenue -35.2% year-over-year).
- 2015: Revenue of $195K, expenses of $140K, and assets of $1.9M.
- 2014: Revenue of $-326,828, expenses of $397K, and assets of $1.8M (revenue -115.0% year-over-year).
- 2013: Revenue of $2.2M, expenses of $739K, and assets of $11.9M (revenue +90.9% year-over-year).
- 2012: Revenue of $1.1M, expenses of $1.0M, and assets of $11.8M (revenue +24.3% year-over-year).
- 2011: Revenue of $916K, expenses of $866K, and assets of $11.5M.
Data Sources and Methodology
This transparency report for Sokol Usa 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.