Sumner M Redstone Charitable Foundation
Sumner M Redstone Charitable Foundation: Significant Asset Base, Fluctuating Revenue, and Minimal Transparency
EIN: 222761621 · Chestnut Hill, MA · Updated: 2026-04-04
About Sumner M Redstone Charitable Foundation
Sumner M Redstone Charitable Foundation (EIN: 222761621) is a nonprofit organization based in Chestnut Hill, MA. The organization reported total revenue of $14.5M and total assets of $57.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sumner M Redstone Charitable Foundation'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 Sumner M Redstone Charitable 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: 3%
- programs: 95%
- fundraising: 2%
According to IRS 990 filings, Sumner M Redstone Charitable Foundation allocates its expenses as follows: admin: 3%, programs: 95%, fundraising: 2%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, suggesting either a volunteer-led board or compensation handled by an external entity, which warrants further investigation for full 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 Sumner M Redstone Charitable Foundation's IRS 990 filings:
- Lack of readily available public website or detailed program information beyond financial filings.
- Consistent reporting of $0 for executive compensation without clear explanation of how leadership is supported or compensated indirectly.
- Absence of a formal process for determining executive compensation, raising questions about governance best practices.
Strengths
The following positive indicators were identified for Sumner M Redstone Charitable Foundation:
- Significant asset base of $57,387,952 (2023) provides substantial capacity for future charitable activities.
- Consistently low administrative and fundraising expenses, indicating a high percentage of spending directed towards programs.
- History of substantial contributions and grants, demonstrating active philanthropic engagement.
Frequently Asked Questions about Sumner M Redstone Charitable Foundation
What does Sumner M Redstone Charitable Foundation do?
Sumner M Redstone Charitable Foundation is a nonprofit organization in the Unknown sector, located in Chestnut Hill, Massachusetts. It is classified under NTEE code Unknown.
How much revenue does Sumner M Redstone Charitable Foundation have?
Sumner M Redstone Charitable Foundation reported total revenue of $14,532,258. Based on 10 IRS 990 filings on record.
What are Sumner M Redstone Charitable Foundation's total assets?
Sumner M Redstone Charitable Foundation holds total assets of $57,387,952 as reported in IRS 990 filings.
Where is Sumner M Redstone Charitable Foundation located?
Sumner M Redstone Charitable Foundation is based in Chestnut Hill, Massachusetts.
What is Sumner M Redstone Charitable Foundation's EIN?
Sumner M Redstone Charitable Foundation's Employer Identification Number (EIN) is 222761621. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Sumner M Redstone Charitable Foundation?
Sumner M Redstone Charitable Foundation is classified under NTEE code Unknown (Unknown).
Is Sumner M Redstone Charitable Foundation a registered 501(c)(3)?
Sumner M Redstone Charitable Foundation appears in IRS records (EIN: 222761621). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Sumner M Redstone Charitable Foundation file IRS Form 990?
Yes, Sumner M Redstone Charitable Foundation has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Sumner M Redstone Charitable Foundation's revenue in 2023?
In the 202312 filing period, Sumner M Redstone Charitable Foundation reported total revenue of $1,189,334, total expenses of $1,974,186, and net assets of $55,658,429.
Is Sumner M Redstone Charitable Foundation's revenue growing or declining?
Sumner M Redstone Charitable Foundation's revenue is declining. Revenue went from $5,653,910 (202212) to $1,189,334 (202312), a -79.0% change. Based on 10 filings on record.
What is Sumner M Redstone Charitable Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for Sumner M Redstone Charitable Foundation covers tax period 202312. It shows revenue of $1,189,334, expenses of $1,974,186, total assets of $55,658,429, and liabilities of $1.
How much does Sumner M Redstone Charitable Foundation spend on programs vs administration?
Based on IRS 990 analysis, Sumner M Redstone Charitable Foundation allocates approximately 95% of expenses to program services, 3% to administrative costs, and 2% to fundraising. This indicates strong program focus.
Is Sumner M Redstone Charitable Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, Sumner M Redstone Charitable Foundation shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Sumner M Redstone Charitable Foundation?
The following concerns were identified: Lack of readily available public website or detailed program information beyond financial filings.. Consistent reporting of $0 for executive compensation without clear explanation of how leadership is supported or compensated indirectly.. Absence of a formal process for determining executive compensation, raising questions about governance best practices.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Sumner M Redstone Charitable Foundation's strengths?
Positive indicators for Sumner M Redstone Charitable Foundation include: Significant asset base of $57,387,952 (2023) provides substantial capacity for future charitable activities.. Consistently low administrative and fundraising expenses, indicating a high percentage of spending directed towards programs.. History of substantial contributions and grants, demonstrating active philanthropic engagement.. These findings are derived from AI analysis of the organization's financial filings.
How does Sumner M Redstone Charitable Foundation compensate executives?
Executive compensation is reported as $0 across all available filings, suggesting either a volunteer-led board or compensation handled by an external entity, which warrants further investigation for full transparency. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Sumner M Redstone Charitable Foundation?
- The foundation's filings consistently show 'Compensation of officers, directors, trustees, key employees, etc.' as $0, indicating no direct compensation for leadership. - The organization reports 'no' for having a process to determine compensation for its highest compensated employees, if any, and 'no' for having an independent review and approval process for compensation. - The foundation's website, if any, is not readily available or linked in public filings, hindering direct access to detai Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the $0 executive compensation, how does the foundation ensure effective leadership and management, and are there any indirect compensation mechanisms or related party transactions not explicitly detailed?
While filings consistently show $0 for direct executive compensation, the absence of a public website or detailed governance documents makes it difficult to ascertain how leadership is sustained. This could imply volunteer leadership, or that compensation is managed through an affiliated entity, which would require deeper scrutiny of related party disclosures.
Filing History
IRS 990 filing history for Sumner M Redstone Charitable Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Sumner M Redstone Charitable Foundation's revenue has declined by 94.6%, moving from $22.2M to $1.2M. Total assets increased by 7236.9% over the same period, from $759K to $55.7M. Total functional expenses fell by 93.1%, from $28.5M to $2.0M. In its most recent filing year (2023), Sumner M Redstone Charitable Foundation reported a deficit of $785K, with expenses exceeding revenue. The organization holds $1 in liabilities against $55.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $55.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $2.0M | $55.7M | $1 | — | — |
| 2022 | $5.7M | $4.7M | $56.4M | $1 | — | View 990 |
| 2021 | $56.8M | $3.5M | $55.5M | $1 | — | View 990 |
| 2020 | $8K | $4K | $2.1M | $1 | — | View 990 |
| 2019 | $69K | $5.0M | $2.1M | $0 | — | View 990 |
| 2015 | $28.2M | $19.5M | $10.8M | $0 | — | View 990 |
| 2014 | $28.1M | $31.6M | $2.8M | $0 | — | View 990 |
| 2013 | $10.4M | $10.9M | $6.4M | $0 | — | View 990 |
| 2012 | $32.3M | $29.9M | $7.0M | $0 | — | View 990 |
| 2011 | $22.2M | $28.5M | $759K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $2.0M, and assets of $55.7M (revenue -79.0% year-over-year).
- 2022: Revenue of $5.7M, expenses of $4.7M, and assets of $56.4M (revenue -90.0% year-over-year).
- 2021: Revenue of $56.8M, expenses of $3.5M, and assets of $55.5M (revenue +726265.1% year-over-year).
- 2020: Revenue of $8K, expenses of $4K, and assets of $2.1M (revenue -88.6% year-over-year).
- 2019: Revenue of $69K, expenses of $5.0M, and assets of $2.1M (revenue -99.8% year-over-year).
- 2015: Revenue of $28.2M, expenses of $19.5M, and assets of $10.8M (revenue +0.3% year-over-year).
- 2014: Revenue of $28.1M, expenses of $31.6M, and assets of $2.8M (revenue +170.7% year-over-year).
- 2013: Revenue of $10.4M, expenses of $10.9M, and assets of $6.4M (revenue -67.9% year-over-year).
- 2012: Revenue of $32.3M, expenses of $29.9M, and assets of $7.0M (revenue +45.9% year-over-year).
- 2011: Revenue of $22.2M, expenses of $28.5M, and assets of $759K.
Data Sources and Methodology
This transparency report for Sumner M Redstone Charitable 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.