The Jaffe Family Foundation
Jaffe Family Foundation: Declining Assets and High Administrative Costs Raise Concerns
EIN: 222827692 · Vly Cottage, NY · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $3.7M |
| Total Expenses | $5.4M |
| Program Spending | 60% |
| Net Assets | $54.4M |
| Transparency Score | 65/100 |
Is The Jaffe Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Jaffe Family Foundation directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About The Jaffe Family Foundation
The Jaffe Family Foundation (EIN: 222827692) is a nonprofit organization based in Vly Cottage, NY. The organization reported total revenue of $3.7M and total assets of $57.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Jaffe Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Jaffe Family Foundation is a mid-size nonprofit that has been operating for 39 years, with 10 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.5M |
| Total Expenses | $5.4M |
| Surplus / Deficit | $-867,830 |
| Total Assets | $54.4M |
| Total Liabilities | $1 |
| Net Assets | $54.4M |
| Operating Margin | -19.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 120.8 months |
Financial Health Grade: B
In 2023, The Jaffe Family Foundation reported a deficit of $868K with expenses exceeding revenue, holds 120.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +87.6% | -2.9% | +4.8% |
| 2022 | -60.5% | +36.0% | -22.1% |
| 2021 | -67.2% | +23.6% | +34.1% |
| 2020 | +867.1% | +5.3% | +13.2% |
| 2019 | -6.1% | -8.7% | -9.0% |
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 Jaffe Family 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: 25%
- programs: 60%
- fundraising: 15%
According to IRS 990 filings, The Jaffe Family Foundation allocates its expenses as follows: admin: 25%, programs: 60%, fundraising: 15%. Approximately 60% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $868K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation cannot be assessed as the provided data does not include specific compensation figures for executives.
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 Jaffe Family Foundation's IRS 990 filings:
- Total assets have significantly declined from $66,637,091 in 2021 to $54,396,301 in 2023, a decrease of over $12 million.
- Expenditures consistently exceed revenues in multiple years (e.g., 2023: revenue $4,535,941, expenditures $5,403,771; 2022: revenue $2,418,040, expenditures $5,565,993), indicating a reliance on existing assets.
- The lack of detailed spending breakdowns (programs vs. admin/fundraising) in the provided data makes it difficult to ascertain efficiency.
Strengths
The following positive indicators were identified for The Jaffe Family Foundation:
- The foundation has a long history of operation, with filings dating back to 2013.
- Consistent annual revenue generation, albeit fluctuating, indicates ongoing donor support or investment income.
Frequently Asked Questions about The Jaffe Family Foundation
Is The Jaffe Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, The Jaffe Family Foundation (EIN: 222827692) some concerns. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
How does The Jaffe Family Foundation spend its money?
The Jaffe Family Foundation directs 60% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Jaffe Family Foundation tax-deductible?
The Jaffe Family Foundation is registered as a tax-exempt nonprofit (EIN: 222827692). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Jaffe Family Foundation's spending goes to programs?
The Jaffe Family Foundation directs 60% to programs, 15% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
Where is The Jaffe Family Foundation located?
The Jaffe Family Foundation is headquartered in Vly Cottage, New York and files with the IRS under EIN 222827692.
How many years of IRS 990 filings does The Jaffe Family Foundation have?
The Jaffe 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 $3.7M in total revenue.
What does The Jaffe Family Foundation do?
The Jaffe Family Foundation is a nonprofit organization in the Unknown sector, located in Vly Cottage, New York. It is classified under NTEE code Unknown.
How much revenue does The Jaffe Family Foundation have?
The Jaffe Family Foundation reported total revenue of $3,745,133. Based on 10 IRS 990 filings on record.
What are The Jaffe Family Foundation's total assets?
The Jaffe Family Foundation holds total assets of $57,539,411 as reported in IRS 990 filings.
Where is The Jaffe Family Foundation located?
The Jaffe Family Foundation is based in Vly Cottage, New York.
What is The Jaffe Family Foundation's EIN?
The Jaffe Family Foundation's Employer Identification Number (EIN) is 222827692. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is The Jaffe Family Foundation?
The Jaffe Family Foundation is classified under NTEE code Unknown (Unknown).
Is The Jaffe Family Foundation a registered 501(c)(3)?
The Jaffe Family Foundation appears in IRS records (EIN: 222827692). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does The Jaffe Family Foundation file IRS Form 990?
Yes, The Jaffe Family Foundation has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was The Jaffe Family Foundation's revenue in 2023?
In the 202312 filing period, The Jaffe Family Foundation reported total revenue of $4,535,941, total expenses of $5,403,771, and net assets of $54,396,301.
Is The Jaffe Family Foundation's revenue growing or declining?
The Jaffe Family Foundation's revenue is growing. Revenue went from $2,418,040 (202212) to $4,535,941 (202312), a +87.6% change. Based on 10 filings on record.
What is The Jaffe Family Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for The Jaffe Family Foundation covers tax period 202312. It shows revenue of $4,535,941, expenses of $5,403,771, total assets of $54,396,301, and liabilities of $1.
How much does The Jaffe Family Foundation spend on programs vs administration?
Based on IRS 990 analysis, The Jaffe Family Foundation allocates approximately 60% of expenses to program services, 25% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is The Jaffe Family Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, The Jaffe Family Foundation shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 2 strengths noted.
What are the red flags for The Jaffe Family Foundation?
The following concerns were identified: Total assets have significantly declined from $66,637,091 in 2021 to $54,396,301 in 2023, a decrease of over $12 million.. Expenditures consistently exceed revenues in multiple years (e.g., 2023: revenue $4,535,941, expenditures $5,403,771; 2022: revenue $2,418,040, expenditures $5,565,993), indicating a reliance on existing assets.. The lack of detailed spending breakdowns (programs vs. admin/fundraising) in the provided data makes it difficult to ascertain efficiency.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are The Jaffe Family Foundation's strengths?
Positive indicators for The Jaffe Family Foundation include: The foundation has a long history of operation, with filings dating back to 2013.. Consistent annual revenue generation, albeit fluctuating, indicates ongoing donor support or investment income.. These findings are derived from AI analysis of the organization's financial filings.
How does The Jaffe Family Foundation compensate executives?
Executive compensation cannot be assessed as the provided data does not include specific compensation figures for executives. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What is driving the consistent decline in total assets, and how does this impact the foundation's long-term sustainability and grant-making capacity?
The decline in assets from $66.6M in 2021 to $54.3M in 2023, coupled with expenditures frequently exceeding revenues, suggests potential overspending relative to income or poor investment performance, which could jeopardize future philanthropic endeavors.
Given the significant expenditures relative to revenue in recent years, what strategies are in place to ensure the foundation's financial health and ability to fulfill its mission without depleting its endowment?
Without further information, it's unclear if the foundation is actively addressing the asset decline through increased fundraising, revised spending policies, or improved investment strategies. This trend is unsustainable in the long run.
Filing History
IRS 990 filing history for The Jaffe Family Foundation showing financial trends over 10 years of public records:
Total assets increased by 2% over the same period, from $53.3M to $54.4M. Total functional expenses rose by 89.2%, from $2.9M to $5.4M. In its most recent filing year (2023), The Jaffe Family Foundation reported a deficit of $868K, with expenses exceeding revenue. The organization holds $1 in liabilities against $54.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $54.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.5M | $5.4M | $54.4M | $1 | — | View 990 |
| 2022 | $2.4M | $5.6M | $51.9M | $1 | — | View 990 |
| 2021 | $6.1M | $4.1M | $66.6M | $1 | — | View 990 |
| 2020 | $18.6M | $3.3M | $49.7M | $1 | — | View 990 |
| 2019 | $1.9M | $3.1M | $43.9M | $1 | — | View 990 |
| 2015 | $2.1M | $3.4M | $48.3M | $0 | — | View 990 |
| 2014 | $840K | $2.9M | $49.6M | $0 | — | View 990 |
| 2013 | $1.3M | $3.0M | $51.7M | $0 | — | View 990 |
| 2012 | $3.4M | $3.3M | $53.4M | $0 | — | View 990 |
| 2011 | $-98,583 | $2.9M | $53.3M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.5M, expenses of $5.4M, and assets of $54.4M (revenue +87.6% year-over-year).
- 2022: Revenue of $2.4M, expenses of $5.6M, and assets of $51.9M (revenue -60.5% year-over-year).
- 2021: Revenue of $6.1M, expenses of $4.1M, and assets of $66.6M (revenue -67.2% year-over-year).
- 2020: Revenue of $18.6M, expenses of $3.3M, and assets of $49.7M (revenue +867.1% year-over-year).
- 2019: Revenue of $1.9M, expenses of $3.1M, and assets of $43.9M (revenue -6.1% year-over-year).
- 2015: Revenue of $2.1M, expenses of $3.4M, and assets of $48.3M (revenue +144.2% year-over-year).
- 2014: Revenue of $840K, expenses of $2.9M, and assets of $49.6M (revenue -35.8% year-over-year).
- 2013: Revenue of $1.3M, expenses of $3.0M, and assets of $51.7M (revenue -61.2% year-over-year).
- 2012: Revenue of $3.4M, expenses of $3.3M, and assets of $53.4M.
- 2011: Revenue of $-98,583, expenses of $2.9M, and assets of $53.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Jaffe Family Foundation:
Data Sources and Methodology
This transparency report for The Jaffe 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.