Sokolof Grandchildren Charitable Foundation
Sokolof Grandchildren Charitable Foundation consistently distributes funds, drawing from a stable $9-10 million asset base.
EIN: 206423564 · Omaha, NE · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.3M |
| Total Expenses | $609K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $9 |
| Net Assets | $9.8M |
| Transparency Score | 85/100 |
Is Sokolof Grandchildren Charitable Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sokolof Grandchildren Charitable Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sokolof Grandchildren Charitable Foundation
Sokolof Grandchildren Charitable Foundation (EIN: 206423564) is a nonprofit organization based in Omaha, NE. The organization reported total revenue of $3.3M and total assets of $9.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sokolof Grandchildren Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sokolof Grandchildren Charitable Foundation is a mid-size nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $461K |
| Total Expenses | $609K |
| Surplus / Deficit | $-147,549 |
| Total Assets | $9.8M |
| Total Liabilities | $1 |
| Net Assets | $9.8M |
| Operating Margin | -32.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 193.4 months |
Financial Health Grade: B
In 2023, Sokolof Grandchildren Charitable Foundation reported a deficit of $148K with expenses exceeding revenue, holds 193.4 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), Sokolof Grandchildren Charitable Foundation's revenue has grown at a compound annual growth rate (CAGR) of 4.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.2% | -7.8% | -1.5% |
| 2022 | -47.1% | +9.0% | -1.9% |
| 2021 | -34.1% | +6.9% | +2.8% |
| 2020 | +178.0% | -4.8% | +8.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Sokolof Grandchildren Charitable Foundation with a Mission Score of 85 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Sokolof Grandchildren Charitable 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 $148K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either uncompensated or compensated through non-officer channels, which is highly efficient for a foundation of its size with assets around $9-10 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.
Red Flags
The following concerns were identified during AI analysis of Sokolof Grandchildren Charitable Foundation's IRS 990 filings:
- Consistent spending exceeding annual revenue, indicating reliance on asset drawdowns (though this can be a deliberate strategy for foundations)
- NTEE Code is unknown, which limits understanding of specific programmatic focus
Strengths
The following positive indicators were identified for Sokolof Grandchildren Charitable Foundation:
- Stable and substantial asset base (approx. $9-10 million) providing long-term financial security.
- Consistent distribution of funds, even in years with lower revenue.
- 0% reported officer compensation across all filings, indicating high efficiency in leadership costs.
- Minimal to no reported liabilities, reflecting strong financial health and responsible management.
Frequently Asked Questions about Sokolof Grandchildren Charitable Foundation
Is Sokolof Grandchildren Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Sokolof Grandchildren Charitable Foundation (EIN: 206423564) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Sokolof Grandchildren Charitable Foundation spend its money?
Sokolof Grandchildren Charitable Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Sokolof Grandchildren Charitable Foundation tax-deductible?
Sokolof Grandchildren Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 206423564). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Sokolof Grandchildren Charitable Foundation CEO make?
Sokolof Grandchildren Charitable Foundation's highest-compensated officer earns $9 annually. The organization reported $3.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Sokolof Grandchildren Charitable Foundation located?
Sokolof Grandchildren Charitable Foundation is headquartered in Omaha, Nebraska and files with the IRS under EIN 206423564.
How many years of IRS 990 filings does Sokolof Grandchildren Charitable Foundation have?
Sokolof Grandchildren Charitable 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 $3.3M in total revenue.
Is the Sokolof Grandchildren Charitable Foundation a good charity?
Based on the available IRS 990 data, the foundation appears to be a well-managed grant-making organization with a stable financial base (assets around $9-10 million) and a consistent history of distributing funds. The absence of officer compensation is a strong positive indicator of efficiency.
How does the foundation manage its expenses relative to its revenue?
The foundation frequently spends more than its annual revenue, for example, $608,585 in expenses against $461,036 in revenue in 2023, and $659,896 in expenses against $462,145 in revenue in 2022. This indicates it draws from its substantial asset base to fund its activities, ensuring consistent distributions.
What is the trend in the foundation's assets?
The foundation has maintained a remarkably stable asset base, consistently hovering around $9-10 million over the past decade, despite fluctuations in annual revenue and expenses. This suggests effective endowment management.
Filing History
IRS 990 filing history for Sokolof Grandchildren Charitable Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Sokolof Grandchildren Charitable Foundation's revenue has grown by 77.6%, moving from $260K to $461K. Total assets decreased by 2.3% over the same period, from $10.0M to $9.8M. Total functional expenses rose by 15.2%, from $528K to $609K. In its most recent filing year (2023), Sokolof Grandchildren Charitable Foundation reported a deficit of $148K, with expenses exceeding revenue. The organization holds $1 in liabilities against $9.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $9.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $461K | $609K | $9.8M | $1 | — | — |
| 2022 | $462K | $660K | $10.0M | $1 | — | View 990 |
| 2021 | $874K | $606K | $10.2M | $5 | — | View 990 |
| 2020 | $1.3M | $567K | $9.9M | $954 | — | — |
| 2019 | $477K | $596K | $9.1M | $1 | — | View 990 |
| 2015 | $-37,001 | $591K | $9.8M | $1 | — | View 990 |
| 2014 | $1.0M | $555K | $10.5M | $1 | — | View 990 |
| 2013 | $642K | $544K | $10.0M | $1 | — | View 990 |
| 2012 | $442K | $545K | $9.9M | $0 | — | View 990 |
| 2011 | $260K | $528K | $10.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $461K, expenses of $609K, and assets of $9.8M (revenue -0.2% year-over-year).
- 2022: Revenue of $462K, expenses of $660K, and assets of $10.0M (revenue -47.1% year-over-year).
- 2021: Revenue of $874K, expenses of $606K, and assets of $10.2M (revenue -34.1% year-over-year).
- 2020: Revenue of $1.3M, expenses of $567K, and assets of $9.9M (revenue +178.0% year-over-year).
- 2019: Revenue of $477K, expenses of $596K, and assets of $9.1M.
- 2015: Revenue of $-37,001, expenses of $591K, and assets of $9.8M (revenue -103.7% year-over-year).
- 2014: Revenue of $1.0M, expenses of $555K, and assets of $10.5M (revenue +56.0% year-over-year).
- 2013: Revenue of $642K, expenses of $544K, and assets of $10.0M (revenue +45.1% year-over-year).
- 2012: Revenue of $442K, expenses of $545K, and assets of $9.9M (revenue +70.4% year-over-year).
- 2011: Revenue of $260K, expenses of $528K, and assets of $10.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sokolof Grandchildren Charitable Foundation:
Data Sources and Methodology
This transparency report for Sokolof Grandchildren 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.