Sternberg Charitable Tr
Sternberg Charitable Tr maintains strong asset growth with highly variable revenue and no officer compensation.
EIN: 137046097 · Lake Success, NY · NTEE: Z99Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.5M |
| Total Expenses | $972K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $19.1 |
| Net Assets | $17.6M |
| Transparency Score | 75/100 |
Is Sternberg Charitable Tr Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sternberg Charitable Tr directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sternberg Charitable Tr
Sternberg Charitable Tr (EIN: 137046097) is a nonprofit organization based in Lake Success, NY, classified under NTEE code Z99Z. The organization reported total revenue of $4.5M and total assets of $19.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sternberg Charitable Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sternberg Charitable Tr is a mid-size nonprofit that has been operating for 31 years, with 10 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $24K |
| Total Expenses | $972K |
| Surplus / Deficit | $-947,636 |
| Total Assets | $17.6M |
| Total Liabilities | $1 |
| Net Assets | $17.6M |
| Operating Margin | -3935.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 217.7 months |
Financial Health Grade: B
In 2023, Sternberg Charitable Tr reported a deficit of $948K with expenses exceeding revenue, holds 217.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -119.9% | +567.8% | -6.0% |
| 2021 | -74.3% | -88.1% | +2.7% |
| 2020 | -54.7% | +259.3% | +9.2% |
| 2019 | +840.8% | -20.2% | +72.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
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 Sternberg Charitable Tr 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Sternberg Charitable Tr 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 $948K, 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 or key employees receive salaries from the organization, which is highly unusual for an organization of its asset size ($19.1 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 Sternberg Charitable Tr's IRS 990 filings:
- NTEE code 'Z99Z' (Unclassifiable) limits understanding of core activities
- Highly variable revenue, including negative figures, indicates reliance on volatile investment income
- Lack of detailed expense breakdown beyond total expenses
Strengths
The following positive indicators were identified for Sternberg Charitable Tr:
- Consistent asset growth over the past decade, from $6.9M to $17.6M
- Consistently reports 0% officer compensation, indicating low executive overhead
- Minimal liabilities reported across all filings, demonstrating strong financial stability
- Long filing history (10 filings) indicates consistent compliance
Frequently Asked Questions about Sternberg Charitable Tr
Is Sternberg Charitable Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Sternberg Charitable Tr (EIN: 137046097) some concerns. Mission Score: 75/100. 3 red flags identified, 4 strengths noted.
How does Sternberg Charitable Tr spend its money?
Sternberg Charitable Tr directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Sternberg Charitable Tr tax-deductible?
Sternberg Charitable Tr is registered as a tax-exempt nonprofit (EIN: 137046097). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Sternberg Charitable Tr CEO make?
Sternberg Charitable Tr's highest-compensated officer earns $19.1 annually. The organization reported $4.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Sternberg Charitable Tr compare to similar nonprofits?
With a transparency score of 75/100 (Good), Sternberg Charitable Tr is above average for NTEE category Z99Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Sternberg Charitable Tr located?
Sternberg Charitable Tr is headquartered in Lake Success, New York and files with the IRS under EIN 137046097. It is classified under NTEE code Z99Z.
How many years of IRS 990 filings does Sternberg Charitable Tr have?
Sternberg Charitable Tr 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 $4.5M in total revenue.
What is the primary purpose or mission of Sternberg Charitable Tr, given its 'Unclassifiable' NTEE code?
The NTEE code Z99Z (Unclassifiable) suggests the organization's activities may not fit standard categories, or it could be a private foundation primarily engaged in grantmaking without a specific programmatic focus listed. Further investigation into its 990-PF filings (if applicable) would clarify its mission.
How does Sternberg Charitable Tr manage its investments, given the significant revenue fluctuations?
The highly variable revenue, including negative figures in 2011 and 2022, is typical for organizations heavily reliant on investment income. This suggests an investment strategy that experiences market gains and losses, which are then reflected in its revenue.
What are the specific categories of expenses that make up the total expenses, beyond officer compensation?
The provided data only shows total expenses. Without a detailed breakdown (e.g., grants paid, administrative costs, investment expenses), it's difficult to understand the specific allocation of funds. Given the 0% officer compensation, other administrative costs or grantmaking activities likely constitute the bulk of expenses.
Filing History
IRS 990 filing history for Sternberg Charitable Tr showing financial trends over 10 years of public records:
Total assets increased by 154.8% over the same period, from $6.9M to $17.6M. Total functional expenses rose by 214.7%, from $309K to $972K. In its most recent filing year (2023), Sternberg Charitable Tr reported a deficit of $948K, with expenses exceeding revenue. The organization holds $1 in liabilities against $17.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $17.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $24K | $972K | $17.6M | $1 | — | — |
| 2022 | $-135,212 | $1.1M | $18.6M | $1 | — | View 990 |
| 2021 | $680K | $159K | $19.8M | $1 | — | View 990 |
| 2020 | $2.6M | $1.3M | $19.2M | $1 | — | — |
| 2019 | $5.8M | $372K | $17.6M | $1 | — | View 990 |
| 2015 | $620K | $466K | $10.2M | $1 | — | View 990 |
| 2014 | $2K | $314K | $10.0M | $0 | — | View 990 |
| 2013 | $3.7M | $442K | $10.4M | $0 | — | View 990 |
| 2012 | $524K | $305K | $7.1M | $0 | — | View 990 |
| 2011 | $-158,037 | $309K | $6.9M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $24K, expenses of $972K, and assets of $17.6M.
- 2022: Revenue of $-135,212, expenses of $1.1M, and assets of $18.6M (revenue -119.9% year-over-year).
- 2021: Revenue of $680K, expenses of $159K, and assets of $19.8M (revenue -74.3% year-over-year).
- 2020: Revenue of $2.6M, expenses of $1.3M, and assets of $19.2M (revenue -54.7% year-over-year).
- 2019: Revenue of $5.8M, expenses of $372K, and assets of $17.6M (revenue +840.8% year-over-year).
- 2015: Revenue of $620K, expenses of $466K, and assets of $10.2M (revenue +37821.1% year-over-year).
- 2014: Revenue of $2K, expenses of $314K, and assets of $10.0M (revenue -100.0% year-over-year).
- 2013: Revenue of $3.7M, expenses of $442K, and assets of $10.4M (revenue +597.4% year-over-year).
- 2012: Revenue of $524K, expenses of $305K, and assets of $7.1M.
- 2011: Revenue of $-158,037, expenses of $309K, and assets of $6.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sternberg Charitable Tr:
Data Sources and Methodology
This transparency report for Sternberg Charitable Tr 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.