Steinwachs Family Foundation
Steinwachs Family Foundation maintains strong asset growth and zero executive compensation.
EIN: 161574554 · Sarasota, FL · NTEE: T30 · Updated: 2026-03-28
Is Steinwachs Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Steinwachs Family Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Steinwachs Family Foundation
Steinwachs Family Foundation (EIN: 161574554) is a nonprofit organization based in Sarasota, FL, classified under NTEE code T30. The organization reported total revenue of $279K and total assets of $9.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Steinwachs Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Steinwachs Family Foundation is a small nonprofit that has been operating for 26 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 17.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $943K |
| Total Expenses | $638K |
| Surplus / Deficit | +$305K |
| Total Assets | $8.7M |
| Total Liabilities | $1 |
| Net Assets | $8.7M |
| Operating Margin | 32.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 163.9 months |
Financial Health Grade: A
In 2023, Steinwachs Family Foundation reported a surplus of $305K with revenue exceeding expenses, holds 163.9 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), Steinwachs Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 17.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -42.9% | +148.4% | +3.6% |
| 2022 | +105.0% | +13.7% | +19.9% |
| 2021 | +19.6% | -74.9% | +9.3% |
| 2020 | -39.3% | +895.2% | +0.3% |
| 2019 | -26.8% | +133.0% | +68.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
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 Steinwachs Family Foundation with a Mission Score of 90 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Steinwachs Family Foundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 surplus of $305K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the foundation's leadership is either unpaid or compensated through other means not reported as officer compensation, which is highly favorable for a foundation of its size with assets nearing $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 Steinwachs Family Foundation's IRS 990 filings:
- Significant year-to-year revenue volatility, potentially indicating reliance on unpredictable investment returns or large, infrequent donations.
Strengths
The following positive indicators were identified for Steinwachs Family Foundation:
- Consistent asset growth, reaching $9,681,019 in the latest period.
- Zero officer compensation reported across all filings, indicating efficient use of funds.
- Generally low expenses relative to revenue, demonstrating strong spending efficiency.
- Consistent IRS 990 filing history, promoting transparency.
Frequently Asked Questions about Steinwachs Family Foundation
Is Steinwachs Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Steinwachs Family Foundation (EIN: 161574554) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Steinwachs Family Foundation spend its money?
Steinwachs Family Foundation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Steinwachs Family Foundation tax-deductible?
Steinwachs Family Foundation is registered as a tax-exempt nonprofit (EIN: 161574554). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Steinwachs Family Foundation a good charity?
Based on its financial data, the Steinwachs Family Foundation appears to be a very good charity. It has consistently grown its assets, reported zero officer compensation, and generally maintains low expenses relative to its revenue, suggesting efficient use of funds for its programmatic goals.
How does the foundation manage its expenses?
The foundation manages its expenses very efficiently. For example, in 2022, it reported expenses of only $256,874 against revenue of $1,652,749. The consistent reporting of 0% officer compensation also points to a lean operational model.
What is the trend in the foundation's assets?
The foundation's assets have shown a strong upward trend, growing from $2,252,749 in 2011 to $9,681,019 in the latest period, indicating effective asset management and growth over time.
Filing History
IRS 990 filing history for Steinwachs Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Steinwachs Family Foundation's revenue has grown by 583%, moving from $138K to $943K. Total assets increased by 286.8% over the same period, from $2.3M to $8.7M. Total functional expenses rose by 5013.1%, from $12K to $638K. In its most recent filing year (2023), Steinwachs Family Foundation reported a surplus of $305K, with revenue exceeding expenses. The organization holds $1 in liabilities against $8.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $8.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $943K | $638K | $8.7M | $1 | — | View 990 |
| 2022 | $1.7M | $257K | $8.4M | $1 | — | View 990 |
| 2021 | $806K | $226K | $7.0M | $1 | — | View 990 |
| 2020 | $674K | $899K | $6.4M | $1 | — | — |
| 2019 | $1.1M | $90K | $6.4M | $1 | — | — |
| 2015 | $1.5M | $39K | $3.8M | $0 | — | View 990 |
| 2014 | $131K | $40K | $2.5M | $0 | — | View 990 |
| 2013 | $167K | $124K | $2.4M | $0 | — | View 990 |
| 2012 | $100K | $116K | $2.2M | $0 | — | View 990 |
| 2011 | $138K | $12K | $2.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $943K, expenses of $638K, and assets of $8.7M (revenue -42.9% year-over-year).
- 2022: Revenue of $1.7M, expenses of $257K, and assets of $8.4M (revenue +105.0% year-over-year).
- 2021: Revenue of $806K, expenses of $226K, and assets of $7.0M (revenue +19.6% year-over-year).
- 2020: Revenue of $674K, expenses of $899K, and assets of $6.4M (revenue -39.3% year-over-year).
- 2019: Revenue of $1.1M, expenses of $90K, and assets of $6.4M (revenue -26.8% year-over-year).
- 2015: Revenue of $1.5M, expenses of $39K, and assets of $3.8M (revenue +1059.1% year-over-year).
- 2014: Revenue of $131K, expenses of $40K, and assets of $2.5M (revenue -21.6% year-over-year).
- 2013: Revenue of $167K, expenses of $124K, and assets of $2.4M (revenue +67.2% year-over-year).
- 2012: Revenue of $100K, expenses of $116K, and assets of $2.2M (revenue -27.7% year-over-year).
- 2011: Revenue of $138K, expenses of $12K, and assets of $2.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Steinwachs Family Foundation:
Data Sources and Methodology
This transparency report for Steinwachs Family 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.