Stony Brook Foundation Inc
Stony Brook Foundation Inc. shows consistent asset growth and positive financial performance with no reported officer compensation.
EIN: 116077945 · Stony Brook, NY · NTEE: B112 · Updated: 2026-03-28
About Stony Brook Foundation Inc
Stony Brook Foundation Inc (EIN: 116077945) is a nonprofit organization based in Stony Brook, NY, classified under NTEE code B112. The organization reported total revenue of $798.6M and total assets of $1.3B according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Stony Brook Foundation Inc'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 Stony Brook Foundation Inc 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Stony Brook Foundation Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation, which is unusual for an organization of this size with assets exceeding $800 million. This suggests that executive compensation may be covered by the affiliated university or not fully disclosed in this section, warranting further investigation for complete transparency.
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 Stony Brook Foundation Inc's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data
- Consistent 0% officer compensation reported, potentially obscuring full executive pay
Strengths
The following positive indicators were identified for Stony Brook Foundation Inc:
- Consistent and significant asset growth, from $425,456,387 in 201406 to $862,643,765 in 202306
- Generally positive net income in most recent periods, indicating sound financial management
- Strong financial reserves with assets significantly exceeding liabilities
Frequently Asked Questions about Stony Brook Foundation Inc
Is Stony Brook Foundation Inc. a good charity?
Based on the available data, the Foundation demonstrates strong financial health with consistent asset growth and positive net income. However, a detailed breakdown of program, administrative, and fundraising expenses, along with clarity on executive compensation, would provide a more complete picture of its charitable effectiveness.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation across all filings suggests that executive salaries might be paid by Stony Brook University directly or are not categorized under 'officer compensation' in these specific filings. This practice, while not necessarily a red flag, does limit transparency regarding the full compensation structure of its leadership.
How does the Foundation manage its liabilities?
The Foundation's liabilities have grown alongside its assets, reaching $103,133,404 in 202306. While assets significantly outweigh liabilities ($862,643,765 assets vs. $103,133,404 liabilities in 202306), indicating a healthy balance sheet, the specific nature and management of these liabilities would require a deeper dive into the full financial statements.
Filing History
IRS 990 filing history for Stony Brook Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Stony Brook Foundation Inc's revenue has grown by 173.9%, moving from $29.0M to $79.5M. Total assets increased by 279% over the same period, from $227.6M to $862.6M. Total functional expenses rose by 53.5%, from $42.0M to $64.5M. In its most recent filing year (2023), Stony Brook Foundation Inc reported a surplus of $15.0M, with revenue exceeding expenses. The organization holds $103.1M in liabilities against $862.6M in assets (debt-to-asset ratio: 12.0%), resulting in net assets of $759.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $79.5M | $64.5M | $862.6M | $103.1M | — | View 990 |
| 2022 | $150.4M | $63.7M | $805.3M | $78.1M | — | View 990 |
| 2021 | $129.2M | $72.5M | $732.7M | $60.0M | — | View 990 |
| 2020 | $62.4M | $50.7M | $590.6M | $56.2M | — | View 990 |
| 2019 | $76.0M | $58.8M | $558.8M | $46.7M | — | View 990 |
| 2018 | $74.1M | $54.9M | $509.4M | $39.5M | — | View 990 |
| 2017 | $71.7M | $63.6M | $476.5M | $44.3M | — | View 990 |
| 2016 | $67.3M | $51.1M | $440.5M | $40.0M | — | View 990 |
| 2015 | $50.0M | $61.1M | $432.6M | $49.3M | — | View 990 |
| 2014 | $65.9M | $85.9M | $425.5M | $47.8M | — | View 990 |
| 2013 | $94.0M | $49.2M | $432.4M | $48.5M | — | View 990 |
| 2012 | $183.1M | $42.6M | $374.2M | $41.0M | — | View 990 |
| 2011 | $29.0M | $42.0M | $227.6M | $36.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $79.5M, expenses of $64.5M, and assets of $862.6M (revenue -47.2% year-over-year).
- 2022: Revenue of $150.4M, expenses of $63.7M, and assets of $805.3M (revenue +16.4% year-over-year).
- 2021: Revenue of $129.2M, expenses of $72.5M, and assets of $732.7M (revenue +107.1% year-over-year).
- 2020: Revenue of $62.4M, expenses of $50.7M, and assets of $590.6M (revenue -17.9% year-over-year).
- 2019: Revenue of $76.0M, expenses of $58.8M, and assets of $558.8M (revenue +2.5% year-over-year).
- 2018: Revenue of $74.1M, expenses of $54.9M, and assets of $509.4M (revenue +3.4% year-over-year).
- 2017: Revenue of $71.7M, expenses of $63.6M, and assets of $476.5M (revenue +6.6% year-over-year).
- 2016: Revenue of $67.3M, expenses of $51.1M, and assets of $440.5M (revenue +34.6% year-over-year).
- 2015: Revenue of $50.0M, expenses of $61.1M, and assets of $432.6M (revenue -24.1% year-over-year).
- 2014: Revenue of $65.9M, expenses of $85.9M, and assets of $425.5M (revenue -29.9% year-over-year).
- 2013: Revenue of $94.0M, expenses of $49.2M, and assets of $432.4M (revenue -48.6% year-over-year).
- 2012: Revenue of $183.1M, expenses of $42.6M, and assets of $374.2M (revenue +531.0% year-over-year).
- 2011: Revenue of $29.0M, expenses of $42.0M, and assets of $227.6M.
Data Sources and Methodology
This transparency report for Stony Brook 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.