The Thomas Cholnoky Foundation Inc
Small Foundation with Consistent Asset Base, Minimal Program Spending
EIN: 222610435 · Greenwich, CT · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $105K |
| Total Expenses | $46K |
| CEO/Top Officer Pay | $0 |
| Net Assets | $881K |
| Transparency Score | 30/100 |
Is The Thomas Cholnoky Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Thomas Cholnoky Foundation Inc
The Thomas Cholnoky Foundation Inc (EIN: 222610435) is a nonprofit organization based in Greenwich, CT. The organization reported total revenue of $105K and total assets of $885K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Thomas Cholnoky Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Thomas Cholnoky Foundation Inc is a small nonprofit that has been operating for 40 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $32K |
| Total Expenses | $46K |
| Surplus / Deficit | $-14,266 |
| Total Assets | $881K |
| Total Liabilities | $1 |
| Net Assets | $881K |
| Operating Margin | -44.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 229.5 months |
Financial Health Grade: B
In 2023, The Thomas Cholnoky Foundation Inc reported a deficit of $14K with expenses exceeding revenue, holds 229.5 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), The Thomas Cholnoky Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.8% | -3.3% | -1.0% |
| 2022 | +12.0% | -18.9% | -1.9% |
| 2021 | +178.5% | +132.2% | -3.4% |
| 2020 | -98.6% | -33.7% | -1.6% |
| 2019 | +5474.6% | +142.7% | +196.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
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 Thomas Cholnoky Foundation Inc with a Mission Score of 30 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, The Thomas Cholnoky Foundation Inc allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $14K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, indicating no salaries paid to officers, directors, trustees, or key employees.
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 Thomas Cholnoky Foundation Inc's IRS 990 filings:
- Zero program service expenses reported in all available filings (e.g., $0 in 2023, 2022, 2021), raising questions about direct charitable impact.
- High administrative expenses relative to revenue and program spending (e.g., $46,073 in 2023 expenses against $31,807 revenue and $0 programs).
- Lack of clear mission or program details in the provided data, making it difficult to assess charitable activities.
Strengths
The following positive indicators were identified for The Thomas Cholnoky Foundation Inc:
- Consistent asset base, suggesting financial stability over time.
- No reported executive compensation, indicating low overhead in terms of salaries.
- Long operational history with consistent filing of financial data.
Frequently Asked Questions about The Thomas Cholnoky Foundation Inc
Is The Thomas Cholnoky Foundation Inc a legitimate charity?
The Thomas Cholnoky Foundation Inc (EIN: 222610435) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 30/100. It has 10 years of IRS 990 filings on record. Total revenue: $105K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does The Thomas Cholnoky Foundation Inc spend its money?
The Thomas Cholnoky Foundation Inc reported $105K in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to The Thomas Cholnoky Foundation Inc tax-deductible?
The Thomas Cholnoky Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222610435). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Thomas Cholnoky Foundation Inc CEO make?
The Thomas Cholnoky Foundation Inc's highest-compensated officer earns $0 annually. The organization reported $105K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is The Thomas Cholnoky Foundation Inc located?
The Thomas Cholnoky Foundation Inc is headquartered in Greenwich, Connecticut and files with the IRS under EIN 222610435.
How many years of IRS 990 filings does The Thomas Cholnoky Foundation Inc have?
The Thomas Cholnoky Foundation Inc 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 $105K in total revenue.
What does The Thomas Cholnoky Foundation Inc do?
The Thomas Cholnoky Foundation Inc is a nonprofit organization in the Unknown sector, located in Greenwich, Connecticut. It is classified under NTEE code Unknown.
How much revenue does The Thomas Cholnoky Foundation Inc have?
The Thomas Cholnoky Foundation Inc reported total revenue of $104,652. Based on 10 IRS 990 filings on record.
What are The Thomas Cholnoky Foundation Inc's total assets?
The Thomas Cholnoky Foundation Inc holds total assets of $885,268 as reported in IRS 990 filings.
Where is The Thomas Cholnoky Foundation Inc located?
The Thomas Cholnoky Foundation Inc is based in Greenwich, Connecticut.
What is The Thomas Cholnoky Foundation Inc's EIN?
The Thomas Cholnoky Foundation Inc's Employer Identification Number (EIN) is 222610435. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is The Thomas Cholnoky Foundation Inc?
The Thomas Cholnoky Foundation Inc is classified under NTEE code Unknown (Unknown).
Is The Thomas Cholnoky Foundation Inc a registered 501(c)(3)?
The Thomas Cholnoky Foundation Inc appears in IRS records (EIN: 222610435). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does The Thomas Cholnoky Foundation Inc file IRS Form 990?
Yes, The Thomas Cholnoky Foundation Inc has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was The Thomas Cholnoky Foundation Inc's revenue in 2023?
In the 202312 filing period, The Thomas Cholnoky Foundation Inc reported total revenue of $31,807, total expenses of $46,073, and net assets of $881,328.
Is The Thomas Cholnoky Foundation Inc's revenue growing or declining?
The Thomas Cholnoky Foundation Inc's revenue is growing. Revenue went from $30,060 (202212) to $31,807 (202312), a +5.8% change. Based on 10 filings on record.
What is The Thomas Cholnoky Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for The Thomas Cholnoky Foundation Inc covers tax period 202312. It shows revenue of $31,807, expenses of $46,073, total assets of $881,328, and liabilities of $1.
Is The Thomas Cholnoky Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, The Thomas Cholnoky Foundation Inc has notable concerns. Mission Score: 30/100 (Poor). 3 red flags identified. 3 strengths noted.
What are the red flags for The Thomas Cholnoky Foundation Inc?
The following concerns were identified: Zero program service expenses reported in all available filings (e.g., $0 in 2023, 2022, 2021), raising questions about direct charitable impact.. High administrative expenses relative to revenue and program spending (e.g., $46,073 in 2023 expenses against $31,807 revenue and $0 programs).. Lack of clear mission or program details in the provided data, making it difficult to assess charitable activities.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are The Thomas Cholnoky Foundation Inc's strengths?
Positive indicators for The Thomas Cholnoky Foundation Inc include: Consistent asset base, suggesting financial stability over time.. No reported executive compensation, indicating low overhead in terms of salaries.. Long operational history with consistent filing of financial data.. These findings are derived from AI analysis of the organization's financial filings.
How does The Thomas Cholnoky Foundation Inc compensate executives?
Executive compensation is reported as $0 across all available filings, indicating no salaries paid to officers, directors, trustees, or key employees. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of $0 in program service expenses, what is the primary charitable activity or purpose of The Thomas Cholnoky Foundation Inc?
Based on the provided data, the foundation does not report any direct program service expenses. Its primary activities appear to be related to asset management and administrative functions, with no clear indication of direct charitable programs or grants being disbursed.
Filing History
IRS 990 filing history for The Thomas Cholnoky Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Thomas Cholnoky Foundation Inc's revenue has declined by 29.2%, moving from $45K to $32K. Total assets increased by 150.2% over the same period, from $352K to $881K. Total functional expenses fell by 27.6%, from $64K to $46K. In its most recent filing year (2023), The Thomas Cholnoky Foundation Inc reported a deficit of $14K, with expenses exceeding revenue. The organization holds $1 in liabilities against $881K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $881K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $32K | $46K | $881K | $1 | — | — |
| 2022 | $30K | $48K | $890K | $1 | — | View 990 |
| 2021 | $27K | $59K | $908K | $1 | — | — |
| 2020 | $10K | $25K | $940K | $1 | — | View 990 |
| 2019 | $704K | $38K | $956K | $1 | — | View 990 |
| 2015 | $13K | $16K | $322K | $1 | — | View 990 |
| 2014 | $11K | $40K | $326K | $0 | — | View 990 |
| 2013 | $44K | $37K | $354K | $0 | — | View 990 |
| 2012 | $44K | $50K | $347K | $0 | — | View 990 |
| 2011 | $45K | $64K | $352K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $32K, expenses of $46K, and assets of $881K (revenue +5.8% year-over-year).
- 2022: Revenue of $30K, expenses of $48K, and assets of $890K (revenue +12.0% year-over-year).
- 2021: Revenue of $27K, expenses of $59K, and assets of $908K (revenue +178.5% year-over-year).
- 2020: Revenue of $10K, expenses of $25K, and assets of $940K (revenue -98.6% year-over-year).
- 2019: Revenue of $704K, expenses of $38K, and assets of $956K (revenue +5474.6% year-over-year).
- 2015: Revenue of $13K, expenses of $16K, and assets of $322K (revenue +11.6% year-over-year).
- 2014: Revenue of $11K, expenses of $40K, and assets of $326K (revenue -74.5% year-over-year).
- 2013: Revenue of $44K, expenses of $37K, and assets of $354K (revenue +0.0% year-over-year).
- 2012: Revenue of $44K, expenses of $50K, and assets of $347K (revenue -1.3% year-over-year).
- 2011: Revenue of $45K, expenses of $64K, and assets of $352K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Thomas Cholnoky Foundation Inc:
Data Sources and Methodology
This transparency report for The Thomas Cholnoky Foundation Inc 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.