Storper Fam Foundation
Storper Fam Foundation experiences consistent deficit spending, leading to a gradual decline in assets.
EIN: 116502064 · West Hartford, CT · NTEE: T22 · Updated: 2026-03-28
Is Storper Fam Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Storper Fam Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Storper Fam Foundation
Storper Fam Foundation (EIN: 116502064) is a nonprofit organization based in West Hartford, CT, classified under NTEE code T22. The organization reported total revenue of $46K and total assets of $179K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Storper Fam Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Storper Fam Foundation is a micro nonprofit that has been operating for 27 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $44K |
| Total Expenses | $49K |
| Surplus / Deficit | $-5,400 |
| Total Assets | $187K |
| Total Liabilities | $1 |
| Net Assets | $187K |
| Operating Margin | -12.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 45.3 months |
Financial Health Grade: B
In 2023, Storper Fam Foundation reported a deficit of $5K with expenses exceeding revenue, holds 45.3 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), Storper Fam Foundation's revenue has grown at a compound annual growth rate (CAGR) of 7.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +88.3% | +11.5% | -2.8% |
| 2022 | -50.2% | +63.6% | -9.8% |
| 2021 | +163.1% | -5.1% | +10.3% |
| 2020 | -10.4% | +11.8% | -5.2% |
| 2019 | -20.0% | +15.8% | -17.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
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 Storper Fam Foundation with a Mission Score of 65 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: 80%
- fundraising: 5%
According to IRS 990 filings, Storper Fam Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $5K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no salaries are paid to officers, which is a positive sign for a small foundation of this size.
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 Storper Fam Foundation's IRS 990 filings:
- Consistent deficit spending, with expenses exceeding revenue in multiple recent years (e.g., 2023, 2022, 2020).
- Gradual decline in total assets over the past decade, from $247,021 in 2015 to $186,643 in 2023.
Strengths
The following positive indicators were identified for Storper Fam Foundation:
- Zero officer compensation reported across all filings, indicating efficient use of funds for leadership.
- Consistent filing of IRS Form 990s, demonstrating transparency.
- Very low liabilities reported, indicating sound debt management.
Frequently Asked Questions about Storper Fam Foundation
Is Storper Fam Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Storper Fam Foundation (EIN: 116502064) some concerns. Mission Score: 65/100. 2 red flags identified, 3 strengths noted.
How does Storper Fam Foundation spend its money?
Storper Fam Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Storper Fam Foundation tax-deductible?
Storper Fam Foundation is registered as a tax-exempt nonprofit (EIN: 116502064). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Storper Fam Foundation a good charity?
The Storper Fam Foundation exhibits strengths in transparency (consistent 990 filings) and efficient use of funds by not paying officer compensation. However, its financial sustainability is a concern due to consistent deficit spending, with expenses exceeding revenue in multiple recent years (e.g., 2023, 2022, 2020), leading to a decline in assets. Without more detailed expense breakdowns, it's hard to fully assess program efficiency.
What is the trend in the foundation's assets?
The foundation's assets have shown a declining trend over the past decade, from a high of $247,021 in 2015 to $186,643 in 2023, indicating a gradual depletion of its financial reserves.
How does the foundation manage its liabilities?
The foundation consistently reports very low liabilities, typically $0 or $1, across all available filings, suggesting excellent management of debt and financial obligations.
Filing History
IRS 990 filing history for Storper Fam Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Storper Fam Foundation's revenue has grown by 149.9%, moving from $18K to $44K. Total assets decreased by 7.1% over the same period, from $201K to $187K. Total functional expenses rose by 158.7%, from $19K to $49K. In its most recent filing year (2023), Storper Fam Foundation reported a deficit of $5K, with expenses exceeding revenue. The organization holds $1 in liabilities against $187K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $187K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $44K | $49K | $187K | $1 | — | — |
| 2022 | $23K | $44K | $192K | $1 | — | View 990 |
| 2021 | $47K | $27K | $213K | $1 | — | — |
| 2020 | $18K | $29K | $193K | $1 | — | — |
| 2019 | $20K | $26K | $204K | $0 | — | View 990 |
| 2015 | $25K | $22K | $247K | $1 | — | View 990 |
| 2014 | $58K | $26K | $244K | $1 | — | View 990 |
| 2013 | $12K | $14K | $212K | $0 | — | View 990 |
| 2012 | $24K | $11K | $213K | $1 | — | View 990 |
| 2011 | $18K | $19K | $201K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $44K, expenses of $49K, and assets of $187K (revenue +88.3% year-over-year).
- 2022: Revenue of $23K, expenses of $44K, and assets of $192K (revenue -50.2% year-over-year).
- 2021: Revenue of $47K, expenses of $27K, and assets of $213K (revenue +163.1% year-over-year).
- 2020: Revenue of $18K, expenses of $29K, and assets of $193K (revenue -10.4% year-over-year).
- 2019: Revenue of $20K, expenses of $26K, and assets of $204K (revenue -20.0% year-over-year).
- 2015: Revenue of $25K, expenses of $22K, and assets of $247K (revenue -57.2% year-over-year).
- 2014: Revenue of $58K, expenses of $26K, and assets of $244K (revenue +372.4% year-over-year).
- 2013: Revenue of $12K, expenses of $14K, and assets of $212K (revenue -48.6% year-over-year).
- 2012: Revenue of $24K, expenses of $11K, and assets of $213K (revenue +35.9% year-over-year).
- 2011: Revenue of $18K, expenses of $19K, and assets of $201K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Storper Fam Foundation:
Data Sources and Methodology
This transparency report for Storper Fam 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.