Steven E Bernstein Family Foundation Inc
Steven E Bernstein Family Foundation shows inconsistent revenue and expenses, with no reported officer compensation.
EIN: 205120272 · Boca Raton, FL · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.3M |
| Total Expenses | $338K |
| Program Spending | 90% |
| Net Assets | $1.5M |
| Transparency Score | 85/100 |
Is Steven E Bernstein Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Steven E Bernstein Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Steven E Bernstein Family Foundation Inc
Steven E Bernstein Family Foundation Inc (EIN: 205120272) is a nonprofit organization based in Boca Raton, FL, classified under NTEE code T22. The organization reported total revenue of $5.3M and total assets of $3.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Steven E Bernstein Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Steven E Bernstein Family Foundation Inc is a mid-size nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 18.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $775K |
| Total Expenses | $338K |
| Surplus / Deficit | +$437K |
| Total Assets | $1.5M |
| Total Liabilities | $1 |
| Net Assets | $1.5M |
| Operating Margin | 56.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 51.7 months |
Financial Health Grade: A
In 2024, Steven E Bernstein Family Foundation Inc reported a surplus of $437K with revenue exceeding expenses, holds 51.7 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 (2012–2024), Steven E Bernstein Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 18.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +511.9% | -0.1% | -14.8% |
| 2023 | -0.5% | -72.8% | +0.1% |
| 2022 | -9.3% | +1753.4% | -27.4% |
| 2021 | -94.0% | -91.8% | +3.3% |
| 2020 | +3651.3% | +26.0% | +257.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Steven E Bernstein Family Foundation Inc 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Steven E Bernstein Family Foundation Inc 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $437K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly favorable for a foundation of its size and mission.
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 Steven E Bernstein Family Foundation Inc's IRS 990 filings:
- Highly inconsistent revenue and expense patterns over the years, making financial predictability challenging.
- Significant expense spikes in certain years (e.g., $1,245,198 in 202206) without corresponding revenue increases, suggesting reliance on accumulated assets or other funding sources not immediately apparent.
Strengths
The following positive indicators were identified for Steven E Bernstein Family Foundation Inc:
- Consistent 0% officer compensation, indicating that all funds are directed towards the organization's mission or operational costs.
- Generally low reported liabilities in most periods, suggesting sound financial management.
- Maintains a substantial asset base, providing financial stability despite revenue fluctuations.
Frequently Asked Questions about Steven E Bernstein Family Foundation Inc
Is Steven E Bernstein Family Foundation Inc a legitimate charity?
Steven E Bernstein Family Foundation Inc (EIN: 205120272) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $5.3M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Steven E Bernstein Family Foundation Inc spend its money?
Steven E Bernstein Family Foundation Inc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Steven E Bernstein Family Foundation Inc tax-deductible?
Steven E Bernstein Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 205120272). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Steven E Bernstein Family Foundation Inc's spending goes to programs?
Steven E Bernstein Family Foundation Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Steven E Bernstein Family Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Steven E Bernstein Family Foundation Inc is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Steven E Bernstein Family Foundation Inc located?
Steven E Bernstein Family Foundation Inc is headquartered in Boca Raton, Florida and files with the IRS under EIN 205120272. It is classified under NTEE code T22.
How many years of IRS 990 filings does Steven E Bernstein Family Foundation Inc have?
Steven E Bernstein Family Foundation Inc 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 $5.3M in total revenue.
What are the specific programs funded by the Steven E Bernstein Family Foundation?
The provided data does not detail specific programs. A full IRS 990 form would be needed to identify the nature and beneficiaries of its programmatic spending.
Why did liabilities increase significantly in 202306 to $689,225?
The provided data does not specify the reason for the increase in liabilities. Further examination of the 202306 IRS 990 filing would be necessary to understand the nature of these liabilities.
How does the foundation manage its assets given the fluctuating revenue?
The foundation appears to manage its assets to cover periods of lower revenue and higher expenses, as seen in 202206 where expenses significantly outstripped revenue. The asset base, though variable, provides a buffer.
Filing History
IRS 990 filing history for Steven E Bernstein Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Steven E Bernstein Family Foundation Inc's revenue has grown by 644.1%, moving from $104K to $775K. Total assets increased by 15.4% over the same period, from $1.3M to $1.5M. Total functional expenses rose by 33.1%, from $254K to $338K. In its most recent filing year (2024), Steven E Bernstein Family Foundation Inc reported a surplus of $437K, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $775K | $338K | $1.5M | $1 | — | View 990 |
| 2023 | $127K | $339K | $1.7M | $689K | — | View 990 |
| 2022 | $127K | $1.2M | $1.7M | $476K | — | View 990 |
| 2021 | $140K | $67K | $2.4M | $1K | — | View 990 |
| 2020 | $2.3M | $815K | $2.3M | $1 | — | — |
| 2016 | $62K | $647K | $636K | $1 | — | View 990 |
| 2015 | $62K | $249K | $1.2M | $1 | — | View 990 |
| 2014 | $1.2M | $566K | $1.4M | $10K | — | View 990 |
| 2013 | $18K | $459K | $820K | $1 | — | View 990 |
| 2012 | $104K | $254K | $1.3M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $775K, expenses of $338K, and assets of $1.5M (revenue +511.9% year-over-year).
- 2023: Revenue of $127K, expenses of $339K, and assets of $1.7M (revenue -0.5% year-over-year).
- 2022: Revenue of $127K, expenses of $1.2M, and assets of $1.7M (revenue -9.3% year-over-year).
- 2021: Revenue of $140K, expenses of $67K, and assets of $2.4M (revenue -94.0% year-over-year).
- 2020: Revenue of $2.3M, expenses of $815K, and assets of $2.3M (revenue +3651.3% year-over-year).
- 2016: Revenue of $62K, expenses of $647K, and assets of $636K (revenue -0.5% year-over-year).
- 2015: Revenue of $62K, expenses of $249K, and assets of $1.2M (revenue -94.6% year-over-year).
- 2014: Revenue of $1.2M, expenses of $566K, and assets of $1.4M (revenue +6445.2% year-over-year).
- 2013: Revenue of $18K, expenses of $459K, and assets of $820K (revenue -83.1% year-over-year).
- 2012: Revenue of $104K, expenses of $254K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Steven E Bernstein Family Foundation Inc:
Data Sources and Methodology
This transparency report for Steven E Bernstein Family Foundation Inc 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.