Sulentic Family Foundation
Sulentic Family Foundation consistently reports zero officer compensation but has operated at a deficit in recent years.
EIN: 208025263 · Wilmington, DE · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.8M |
| Total Expenses | $489K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $4.8 |
| Net Assets | $4.9M |
| Transparency Score | 85/100 |
Is Sulentic Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sulentic Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sulentic Family Foundation
Sulentic Family Foundation (EIN: 208025263) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T20. The organization reported total revenue of $2.8M and total assets of $6.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sulentic Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sulentic Family Foundation is a mid-size nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -12.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $98K |
| Total Expenses | $489K |
| Surplus / Deficit | $-390,588 |
| Total Assets | $4.9M |
| Total Liabilities | $1 |
| Net Assets | $4.9M |
| Operating Margin | -396.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 119.1 months |
Financial Health Grade: B
In 2023, Sulentic Family Foundation reported a deficit of $391K with expenses exceeding revenue, holds 119.1 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), Sulentic Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -12.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -85.8% | -27.8% | -7.4% |
| 2022 | +225.9% | +8.2% | +0.3% |
| 2021 | -84.7% | -65.4% | -7.3% |
| 2020 | +3.8% | +156.2% | -6.9% |
| 2019 | +87.1% | +101.1% | +11.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2007 |
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 Sulentic Family Foundation 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Sulentic Family Foundation 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 $391K, 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 directors receive salaries from the foundation, which is highly favorable for a foundation of its asset size ($4.8 million in 2023).
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 Sulentic Family Foundation's IRS 990 filings:
- Consistent operational deficits in recent years (e.g., 2023, 2022, 2021, 2020) where expenses exceeded revenue.
- Significant fluctuation in annual revenue, making financial planning potentially challenging.
Strengths
The following positive indicators were identified for Sulentic Family Foundation:
- Consistent reporting of 0% officer compensation, indicating high efficiency in executive pay.
- Stable and growing asset base over the long term, providing financial resilience.
- Minimal liabilities reported across all filing periods, suggesting sound debt management.
Frequently Asked Questions about Sulentic Family Foundation
Is Sulentic Family Foundation a legitimate charity?
Sulentic Family Foundation (EIN: 208025263) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $2.8M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Sulentic Family Foundation spend its money?
Sulentic Family Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Sulentic Family Foundation tax-deductible?
Sulentic Family Foundation is registered as a tax-exempt nonprofit (EIN: 208025263). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Sulentic Family Foundation CEO make?
Sulentic Family Foundation's highest-compensated officer earns $4.8 annually. The organization reported $2.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Sulentic Family Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Sulentic Family Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Sulentic Family Foundation located?
Sulentic Family Foundation is headquartered in Wilmington, Delaware and files with the IRS under EIN 208025263. It is classified under NTEE code T20.
How many years of IRS 990 filings does Sulentic Family Foundation have?
Sulentic Family Foundation 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 $2.8M in total revenue.
Is the Sulentic Family Foundation financially sustainable given recent deficits?
The foundation has operated at a deficit in its most recent filings (e.g., $98,408 revenue vs. $488,996 expenses in 2023). While its asset base of $4.8 million provides a buffer, sustained deficits could impact long-term grantmaking capacity if not addressed by increased revenue or reduced expenses.
What is the primary source of the foundation's revenue?
As a private foundation, its revenue likely comes from investment income on its endowment and potentially contributions from the founding family or related entities. The significant fluctuations in annual revenue (e.g., $98k in 2023 vs. $1.3M in 2020) suggest reliance on market performance or irregular contributions.
How does the foundation manage its administrative costs?
The consistent reporting of 0% officer compensation indicates very low administrative overhead related to executive salaries. Without a detailed functional expense breakdown, it's difficult to pinpoint other administrative costs, but this is a strong indicator of efficiency.
Filing History
IRS 990 filing history for Sulentic Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Sulentic Family Foundation's revenue has declined by 79.6%, moving from $481K to $98K. Total assets increased by 30.5% over the same period, from $3.7M to $4.9M. Total functional expenses rose by 15.4%, from $424K to $489K. In its most recent filing year (2023), Sulentic Family Foundation reported a deficit of $391K, with expenses exceeding revenue. The organization holds $1 in liabilities against $4.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $98K | $489K | $4.9M | $1 | — | View 990 |
| 2022 | $694K | $678K | $5.2M | $1 | — | View 990 |
| 2021 | $213K | $626K | $5.2M | $1 | — | View 990 |
| 2020 | $1.4M | $1.8M | $5.6M | $1 | — | View 990 |
| 2019 | $1.3M | $707K | $6.1M | $0 | — | View 990 |
| 2015 | $715K | $351K | $5.4M | $0 | — | View 990 |
| 2014 | $1.4M | $355K | $5.1M | $12K | — | View 990 |
| 2013 | $647K | $340K | $4.1M | $21K | — | View 990 |
| 2012 | $329K | $269K | $3.8M | $36K | — | View 990 |
| 2011 | $481K | $424K | $3.7M | $26K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $98K, expenses of $489K, and assets of $4.9M (revenue -85.8% year-over-year).
- 2022: Revenue of $694K, expenses of $678K, and assets of $5.2M (revenue +225.9% year-over-year).
- 2021: Revenue of $213K, expenses of $626K, and assets of $5.2M (revenue -84.7% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.8M, and assets of $5.6M (revenue +3.8% year-over-year).
- 2019: Revenue of $1.3M, expenses of $707K, and assets of $6.1M (revenue +87.1% year-over-year).
- 2015: Revenue of $715K, expenses of $351K, and assets of $5.4M (revenue -47.3% year-over-year).
- 2014: Revenue of $1.4M, expenses of $355K, and assets of $5.1M (revenue +109.8% year-over-year).
- 2013: Revenue of $647K, expenses of $340K, and assets of $4.1M (revenue +96.7% year-over-year).
- 2012: Revenue of $329K, expenses of $269K, and assets of $3.8M (revenue -31.7% year-over-year).
- 2011: Revenue of $481K, expenses of $424K, and assets of $3.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sulentic Family Foundation:
Data Sources and Methodology
This transparency report for Sulentic 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.