Sy Syms Foundation A New Jersey Non Profit Corp

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Sy Syms Foundation A New Jersey Non Profit Corp Form 990, Revenue, CEO Pay, and IRS Filing Signals

Sy Syms Foundation A New Jersey Non Profit Corp is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Sy Syms Foundation A New Jersey Non Profit Corp in one place.

Is Sy Syms Foundation A New Jersey Non Profit Corp Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Where the Money Comes From and Where It Goes

Across stored filings, Sy Syms Foundation A New Jersey Non Profit Corp shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Turn this Form 990 profile into a donor-ready report

Request a concise report for Sy Syms Foundation A New Jersey Non Profit Corp with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.

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Sy Syms Foundation A New Jersey Non Profit Corp directs 10% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.

About Sy Syms Foundation A New Jersey Non Profit Corp

Sy Syms Foundation A New Jersey Non Profit Corp (EIN: 222617727) is a nonprofit organization based in Warren, NJ. The organization reported total revenue of $13.1M and total assets of $29.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sy Syms Foundation A New Jersey Non Profit Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Sy Syms Foundation A New Jersey Non Profit Corp is a large nonprofit that has been operating for 40 years, with 9 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -39.5%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: B

In 2023, Sy Syms Foundation A New Jersey Non Profit Corp reported a deficit of $3.4M with expenses exceeding revenue, holds 109.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).

Financial Trends

Over 9 years of filings (2012–2023), Sy Syms Foundation A New Jersey Non Profit Corp's revenue has declined at a compound annual growth rate (CAGR) of -39.5%.

IRS Tax-Exempt Classification

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 Sy Syms Foundation A New Jersey Non Profit Corp 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: 80%
• programs: 10%
• fundraising: 10%

According to IRS 990 filings, Sy Syms Foundation A New Jersey Non Profit Corp allocates its expenses as follows: admin: 80%, programs: 10%, fundraising: 10%. Only 10% is directed toward programs, which may warrant further investigation by donors.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a deficit of $3.4M, with expenses exceeding revenue.
• Debt-to-asset ratio: 0.0%.

Executive Compensation Analysis

Executive compensation is not reported in the provided filings, with 'c0%' consistently listed, which could indicate a volunteer-led board or that compensation is handled through other entities not detailed in these specific filings.

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 Sy Syms Foundation A New Jersey Non Profit Corp's IRS 990 filings:

• Significant drop in revenue from $5,071,944 in 2022 to $52,846 in 2023 without a corresponding decrease in expenses, raising sustainability concerns.
• High administrative expenses (x) relative to revenue (r) in recent years, for example, $3,454,317 in expenses against $52,846 in revenue in 2023.
• Lack of reported compensation for key personnel ('c0%') could obscure how leadership is compensated or indicate a reliance on external support.

Strengths

The following positive indicators were identified for Sy Syms Foundation A New Jersey Non Profit Corp:

• Consistent asset base, with assets (a) remaining above $29 million, providing a strong financial cushion.
• Very low reported liabilities ('l' at $2,100), indicating a healthy balance sheet with minimal debt.
• Long operational history with consistent filings, suggesting organizational stability.

Frequently Asked Questions about Sy Syms Foundation A New Jersey Non Profit Corp

Filing History

IRS 990 filing history for Sy Syms Foundation A New Jersey Non Profit Corp showing financial trends over 9 years of public records:

Over 9 years of IRS 990 filings (2012–2023), Sy Syms Foundation A New Jersey Non Profit Corp's revenue has declined by 99.6%, moving from $13.3M to $53K. Total assets decreased by 15.3% over the same period, from $37.4M to $31.6M. Total functional expenses rose by 39.6%, from $2.5M to $3.5M. In its most recent filing year (2023), Sy Syms Foundation A New Jersey Non Profit Corp reported a deficit of $3.4M, with expenses exceeding revenue. The organization holds $2K in liabilities against $31.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $31.6M.

Year-by-Year Financial Summary

• 2023: Revenue of $53K, expenses of $3.5M, and assets of $31.6M (revenue -99.0% year-over-year).
• 2022: Revenue of $5.1M, expenses of $3.8M, and assets of $35.0M (revenue +96.1% year-over-year).
• 2021: Revenue of $2.6M, expenses of $3.5M, and assets of $33.7M (revenue +49.6% year-over-year).
• 2020: Revenue of $1.7M, expenses of $2.7M, and assets of $34.7M (revenue -12.8% year-over-year).
• 2019: Revenue of $2.0M, expenses of $3.1M, and assets of $35.8M (revenue -39.4% year-over-year).
• 2015: Revenue of $3.3M, expenses of $2.7M, and assets of $41.7M (revenue -5.3% year-over-year).
• 2014: Revenue of $3.5M, expenses of $2.2M, and assets of $41.1M (revenue +48.1% year-over-year).
• 2013: Revenue of $2.3M, expenses of $1.9M, and assets of $37.8M (revenue -82.5% year-over-year).
• 2012: Revenue of $13.3M, expenses of $2.5M, and assets of $37.4M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Sy Syms Foundation A New Jersey Non Profit Corp:

Data Sources and Methodology

This transparency report for Sy Syms Foundation A New Jersey Non Profit Corp 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.