The Caroline And Sigmund Schott Fund
The Caroline And Sigmund Schott Fund maintains substantial assets with no reported officer compensation.
EIN: 112856561 · Cambridge, MA · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $1.0M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $40 |
| Net Assets | $38.7M |
| Transparency Score | 75/100 |
Is The Caroline And Sigmund Schott Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Caroline And Sigmund Schott Fund directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Caroline And Sigmund Schott Fund
The Caroline And Sigmund Schott Fund (EIN: 112856561) is a nonprofit organization based in Cambridge, MA. The organization reported total revenue of $1.9M and total assets of $38.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Caroline And Sigmund Schott Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Caroline And Sigmund Schott Fund is a mid-size nonprofit that has been operating for 39 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -11.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $513K |
| Total Expenses | $1.0M |
| Surplus / Deficit | $-514,904 |
| Total Assets | $39.0M |
| Total Liabilities | $253K |
| Net Assets | $38.7M |
| Operating Margin | -100.3% |
| Debt-to-Asset Ratio | 0.6% |
| Months of Reserves | 455.1 months |
Financial Health Grade: B
In 2023, The Caroline And Sigmund Schott Fund reported a deficit of $515K with expenses exceeding revenue, holds 455.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.6% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2023), The Caroline And Sigmund Schott Fund's revenue has declined at a compound annual growth rate (CAGR) of -11.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +206.2% | -23.4% | -2.3% |
| 2023 | -92.0% | -7.3% | +0.6% |
| 2022 | -49.4% | -74.7% | -19.6% |
| 2021 | -3.5% | +229.4% | +17.7% |
| 2020 | +49.7% | -2.1% | +0.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 The Caroline And Sigmund Schott Fund 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, The Caroline And Sigmund Schott Fund allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $515K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.6%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not categorized as officer compensation, which is highly unusual for an organization with assets nearing $40 million.
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 The Caroline And Sigmund Schott Fund's IRS 990 filings:
- Lack of detailed expense breakdown makes full spending efficiency assessment difficult.
- Consistently 0% officer compensation for an organization with nearly $40 million in assets is unusual and could mask compensation reported in other categories or indicate a fully volunteer board without paid staff, which might raise questions about operational capacity.
Strengths
The following positive indicators were identified for The Caroline And Sigmund Schott Fund:
- Consistent reporting of 0% officer compensation, suggesting a highly efficient or volunteer-driven leadership.
- Substantial and relatively stable asset base of approximately $38 million, indicating long-term financial stability.
- Consistent filing of IRS 990 forms, demonstrating transparency in financial reporting.
Frequently Asked Questions about The Caroline And Sigmund Schott Fund
Is The Caroline And Sigmund Schott Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, The Caroline And Sigmund Schott Fund (EIN: 112856561) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does The Caroline And Sigmund Schott Fund spend its money?
The Caroline And Sigmund Schott Fund directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Caroline And Sigmund Schott Fund tax-deductible?
The Caroline And Sigmund Schott Fund is registered as a tax-exempt nonprofit (EIN: 112856561). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Caroline And Sigmund Schott Fund CEO make?
The Caroline And Sigmund Schott Fund's highest-compensated officer earns $40 annually. The organization reported $1.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of The Caroline And Sigmund Schott Fund's spending goes to programs?
The Caroline And Sigmund Schott Fund directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is The Caroline And Sigmund Schott Fund located?
The Caroline And Sigmund Schott Fund is headquartered in Cambridge, Massachusetts and files with the IRS under EIN 112856561.
How many years of IRS 990 filings does The Caroline And Sigmund Schott Fund have?
The Caroline And Sigmund Schott Fund has 11 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 $1.9M in total revenue.
What are the specific program areas supported by The Caroline And Sigmund Schott Fund?
The provided data does not specify the NTEE code or detailed program descriptions, making it difficult to ascertain the specific mission areas supported by the fund.
How does the organization manage its investment portfolio given its significant assets?
While the assets are substantial, the filings do not provide details on investment strategies or performance beyond the overall revenue and asset figures.
What is the reason for the fluctuating revenue and expenses, particularly the negative revenue in 2012?
Fluctuations in revenue, including negative figures like the $-378,098 in 2012, often indicate investment losses or significant asset revaluations, common for foundations. Expense fluctuations likely reflect varying grantmaking cycles or administrative needs.
Are there any related organizations or affiliations that impact the fund's operations?
The provided IRS 990 data does not offer information regarding related organizations or affiliations.
Filing History
IRS 990 filing history for The Caroline And Sigmund Schott Fund showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), The Caroline And Sigmund Schott Fund's revenue has declined by 75.8%, moving from $2.1M to $513K. Total assets decreased by 13.1% over the same period, from $44.9M to $39.0M. Total functional expenses fell by 87.3%, from $8.1M to $1.0M. In its most recent filing year (2023), The Caroline And Sigmund Schott Fund reported a deficit of $515K, with expenses exceeding revenue. The organization holds $253K in liabilities against $39.0M in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $38.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $513K | $1.0M | $39.0M | $253K | — | — |
| 2023 | $168K | $1.3M | $39.9M | $1.1M | — | — |
| 2022 | $2.1M | $1.4M | $39.7M | $1.6M | — | View 990 |
| 2021 | $4.2M | $5.7M | $49.4M | $3.8M | — | — |
| 2020 | $4.3M | $1.7M | $42.0M | $209K | — | View 990 |
| 2019 | $2.9M | $1.8M | $41.8M | $449K | — | View 990 |
| 2015 | $2.0M | $1.9M | $39.3M | $360K | — | View 990 |
| 2014 | $1.3M | $1.7M | $40.7M | $287K | — | View 990 |
| 2013 | $3.6M | $1.9M | $37.6M | $282K | — | View 990 |
| 2012 | $-378,098 | $2.2M | $35.4M | $190K | — | View 990 |
| 2011 | $2.1M | $8.1M | $44.9M | $5.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $513K, expenses of $1.0M, and assets of $39.0M (revenue +206.2% year-over-year).
- 2023: Revenue of $168K, expenses of $1.3M, and assets of $39.9M (revenue -92.0% year-over-year).
- 2022: Revenue of $2.1M, expenses of $1.4M, and assets of $39.7M (revenue -49.4% year-over-year).
- 2021: Revenue of $4.2M, expenses of $5.7M, and assets of $49.4M (revenue -3.5% year-over-year).
- 2020: Revenue of $4.3M, expenses of $1.7M, and assets of $42.0M (revenue +49.7% year-over-year).
- 2019: Revenue of $2.9M, expenses of $1.8M, and assets of $41.8M (revenue +44.7% year-over-year).
- 2015: Revenue of $2.0M, expenses of $1.9M, and assets of $39.3M (revenue +50.0% year-over-year).
- 2014: Revenue of $1.3M, expenses of $1.7M, and assets of $40.7M (revenue -63.5% year-over-year).
- 2013: Revenue of $3.6M, expenses of $1.9M, and assets of $37.6M.
- 2012: Revenue of $-378,098, expenses of $2.2M, and assets of $35.4M (revenue -117.9% year-over-year).
- 2011: Revenue of $2.1M, expenses of $8.1M, and assets of $44.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Caroline And Sigmund Schott Fund:
Data Sources and Methodology
This transparency report for The Caroline And Sigmund Schott Fund 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.