Wayne Eisenbaum Charitable Foundation
Wayne Eisenbaum Charitable Foundation consistently operates with no officer compensation and modest assets, showing a surplus in its latest fiscal year.
EIN: 206973232 · Old Saybrook, CT · NTEE: T20 · Updated: 2026-03-28
Is Wayne Eisenbaum Charitable Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wayne Eisenbaum Charitable Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wayne Eisenbaum Charitable Foundation
Wayne Eisenbaum Charitable Foundation (EIN: 206973232) is a nonprofit organization based in Old Saybrook, CT, classified under NTEE code T20. The organization reported total revenue of $303K and total assets of $166K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wayne Eisenbaum 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 Wayne Eisenbaum Charitable Foundation with a Mission Score of 85 out of 100 (Excellent). 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: 90%
- fundraising: 0%
According to IRS 990 filings, Wayne Eisenbaum Charitable Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no salaries are paid to officers, which is highly favorable for directing funds to the mission.
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 Wayne Eisenbaum Charitable Foundation's IRS 990 filings:
- Lack of detailed expense breakdown beyond total expenses in provided data, making precise program efficiency calculation difficult.
Strengths
The following positive indicators were identified for Wayne Eisenbaum Charitable Foundation:
- Consistent 0% officer compensation, maximizing funds for charitable purposes.
- Very low liabilities, indicating strong financial health and minimal debt.
- Consistent filing of IRS Form 990s over a decade, demonstrating transparency.
- Positive net income in the latest fiscal year (202312), adding to assets.
Frequently Asked Questions about Wayne Eisenbaum Charitable Foundation
Is Wayne Eisenbaum Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Wayne Eisenbaum Charitable Foundation (EIN: 206973232) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Wayne Eisenbaum Charitable Foundation spend its money?
Wayne Eisenbaum Charitable Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Wayne Eisenbaum Charitable Foundation tax-deductible?
Wayne Eisenbaum Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 206973232). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Wayne Eisenbaum Charitable Foundation financially stable?
Yes, the foundation appears financially stable, consistently maintaining low liabilities ($1 in most periods) and generating surpluses in several recent years, including $40,597 in 202312 ($302,020 revenue - $261,423 expenses).
How much of its funding goes to programs?
While specific program expense breakdowns are not provided, the consistent 0% officer compensation and the nature of a grantmaking foundation (NTEE T20) suggest a very high proportion of expenses are directed towards programs. We estimate around 90% based on the available data.
Does the foundation pay its executives?
No, the foundation consistently reports 0% officer compensation in all available IRS 990 filings, indicating no salaries are paid to its executives.
Has the foundation's revenue been consistent?
Revenue has fluctuated over the years, ranging from a low of $102,048 in 201212 to a high of $351,191 in 202112, but generally remains in the $200,000-$300,000 range in recent periods.
Filing History
IRS 990 filing history for Wayne Eisenbaum Charitable Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Wayne Eisenbaum Charitable Foundation's revenue has grown by 50.8%, moving from $200K to $302K. Total assets increased by 19.1% over the same period, from $108K to $128K. Total functional expenses rose by 135.4%, from $111K to $261K. In its most recent filing year (2023), Wayne Eisenbaum Charitable Foundation reported a surplus of $41K, with revenue exceeding expenses. The organization holds $1 in liabilities against $128K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $128K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $302K | $261K | $128K | $1 | — | View 990 |
| 2022 | $200K | $262K | $85K | $1 | — | View 990 |
| 2021 | $351K | $261K | $150K | $1 | — | — |
| 2020 | $175K | $272K | $59K | $1 | — | — |
| 2019 | $262K | $272K | $153K | $1 | — | View 990 |
| 2015 | $205K | $201K | $65K | $0 | — | View 990 |
| 2014 | $200K | $201K | $61K | $1 | — | View 990 |
| 2013 | $145K | $197K | $62K | $1 | — | View 990 |
| 2012 | $102K | $99K | $112K | $1 | — | View 990 |
| 2011 | $200K | $111K | $108K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $302K, expenses of $261K, and assets of $128K (revenue +50.6% year-over-year).
- 2022: Revenue of $200K, expenses of $262K, and assets of $85K (revenue -42.9% year-over-year).
- 2021: Revenue of $351K, expenses of $261K, and assets of $150K (revenue +100.3% year-over-year).
- 2020: Revenue of $175K, expenses of $272K, and assets of $59K (revenue -33.0% year-over-year).
- 2019: Revenue of $262K, expenses of $272K, and assets of $153K (revenue +27.4% year-over-year).
- 2015: Revenue of $205K, expenses of $201K, and assets of $65K (revenue +2.6% year-over-year).
- 2014: Revenue of $200K, expenses of $201K, and assets of $61K (revenue +37.8% year-over-year).
- 2013: Revenue of $145K, expenses of $197K, and assets of $62K (revenue +42.4% year-over-year).
- 2012: Revenue of $102K, expenses of $99K, and assets of $112K (revenue -49.0% year-over-year).
- 2011: Revenue of $200K, expenses of $111K, and assets of $108K.
Data Sources and Methodology
This transparency report for Wayne Eisenbaum 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.