William & Sheila Konar Foundation
William & Sheila Konar Foundation: Strong Asset Growth, Consistent Grantmaking
EIN: 222434846 · W Henrietta, NY · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $19.0M |
| Total Expenses | $7.8M |
| Program Spending | 95% |
| Net Assets | $129.9M |
| Transparency Score | 85/100 |
Is William & Sheila Konar Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
William & Sheila Konar Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About William & Sheila Konar Foundation
William & Sheila Konar Foundation (EIN: 222434846) is a nonprofit organization based in W Henrietta, NY. The organization reported total revenue of $19.0M and total assets of $133.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of William & Sheila Konar Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
William & Sheila Konar Foundation is a large nonprofit that has been operating for 43 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 34.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.7M |
| Total Expenses | $7.8M |
| Surplus / Deficit | +$1.9M |
| Total Assets | $129.9M |
| Total Liabilities | $1 |
| Net Assets | $129.9M |
| Operating Margin | 19.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 200.0 months |
Financial Health Grade: A
In 2023, William & Sheila Konar Foundation reported a surplus of $1.9M with revenue exceeding expenses, holds 200.0 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), William & Sheila Konar Foundation's revenue has grown at a compound annual growth rate (CAGR) of 34.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.6% | +0.3% | +1.5% |
| 2022 | -7.8% | +11.7% | +1.8% |
| 2021 | +82.7% | -12.2% | +3.4% |
| 2020 | -54.4% | +5.1% | -1.6% |
| 2019 | +2088.2% | +561.6% | +1315.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
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 William & Sheila Konar 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: 3%
- programs: 95%
- fundraising: 2%
According to IRS 990 filings, William & Sheila Konar Foundation allocates its expenses as follows: admin: 3%, programs: 95%, fundraising: 2%. With 95% 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 surplus of $1.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is not reported on the Form 990-PF, as the foundation operates without paid employees, relying on trustees for governance.
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.
Strengths
The following positive indicators were identified for William & Sheila Konar Foundation:
- Significant asset growth from $8.7M in 2015 to $133.1M in 2023, indicating strong financial stewardship and investment performance.
- Consistent grantmaking with expenses around $7.0M-$7.9M annually in recent years, demonstrating ongoing commitment to its mission.
- Low administrative and fundraising costs, suggesting efficient operations.
- No reported lobbying or political campaign activities, maintaining focus on charitable purpose.
Frequently Asked Questions about William & Sheila Konar Foundation
Is William & Sheila Konar Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, William & Sheila Konar Foundation (EIN: 222434846) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does William & Sheila Konar Foundation spend its money?
William & Sheila Konar Foundation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to William & Sheila Konar Foundation tax-deductible?
William & Sheila Konar Foundation is registered as a tax-exempt nonprofit (EIN: 222434846). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of William & Sheila Konar Foundation's spending goes to programs?
William & Sheila Konar Foundation directs 95% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is William & Sheila Konar Foundation located?
William & Sheila Konar Foundation is headquartered in W Henrietta, New York and files with the IRS under EIN 222434846.
How many years of IRS 990 filings does William & Sheila Konar Foundation have?
William & Sheila Konar 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 $19.0M in total revenue.
What does William & Sheila Konar Foundation do?
William & Sheila Konar Foundation is a nonprofit organization in the Unknown sector, located in W Henrietta, New York. It is classified under NTEE code Unknown.
How much revenue does William & Sheila Konar Foundation have?
William & Sheila Konar Foundation reported total revenue of $19,049,841. Based on 10 IRS 990 filings on record.
What are William & Sheila Konar Foundation's total assets?
William & Sheila Konar Foundation holds total assets of $133,116,566 as reported in IRS 990 filings.
Where is William & Sheila Konar Foundation located?
William & Sheila Konar Foundation is based in W Henrietta, New York.
What is William & Sheila Konar Foundation's EIN?
William & Sheila Konar Foundation's Employer Identification Number (EIN) is 222434846. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is William & Sheila Konar Foundation?
William & Sheila Konar Foundation is classified under NTEE code Unknown (Unknown).
Is William & Sheila Konar Foundation a registered 501(c)(3)?
William & Sheila Konar Foundation appears in IRS records (EIN: 222434846). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does William & Sheila Konar Foundation file IRS Form 990?
Yes, William & Sheila Konar Foundation has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was William & Sheila Konar Foundation's revenue in 2023?
In the 202312 filing period, William & Sheila Konar Foundation reported total revenue of $9,687,964, total expenses of $7,798,232, and net assets of $129,948,284.
Is William & Sheila Konar Foundation's revenue growing or declining?
William & Sheila Konar Foundation's revenue is relatively stable. Revenue went from $10,046,155 (202212) to $9,687,964 (202312), a -3.6% change. Based on 10 filings on record.
What is William & Sheila Konar Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for William & Sheila Konar Foundation covers tax period 202312. It shows revenue of $9,687,964, expenses of $7,798,232, total assets of $129,948,284, and liabilities of $1.
How much does William & Sheila Konar Foundation spend on programs vs administration?
Based on IRS 990 analysis, William & Sheila Konar Foundation allocates approximately 95% of expenses to program services, 3% to administrative costs, and 2% to fundraising. This indicates strong program focus.
Is William & Sheila Konar Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, William & Sheila Konar Foundation appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are William & Sheila Konar Foundation's strengths?
Positive indicators for William & Sheila Konar Foundation include: Significant asset growth from $8.7M in 2015 to $133.1M in 2023, indicating strong financial stewardship and investment performance.. Consistent grantmaking with expenses around $7.0M-$7.9M annually in recent years, demonstrating ongoing commitment to its mission.. Low administrative and fundraising costs, suggesting efficient operations.. No reported lobbying or political campaign activities, maintaining focus on charitable purpose.. These findings are derived from AI analysis of the organization's financial filings.
How does William & Sheila Konar Foundation compensate executives?
Executive compensation is not reported on the Form 990-PF, as the foundation operates without paid employees, relying on trustees for governance. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the substantial asset base and consistent grantmaking, what specific strategies does the foundation employ to identify and support its beneficiaries, especially without a public-facing website?
The foundation's Form 990-PF indicates grants are primarily made to other organizations. Without a public website, their beneficiary identification likely relies on established relationships, direct solicitations from known entities, or proactive research by trustees, rather than broad public outreach.
Filing History
IRS 990 filing history for William & Sheila Konar Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), William & Sheila Konar Foundation's revenue has grown by 3507.9%, moving from $269K to $9.7M. Total assets increased by 1789.1% over the same period, from $6.9M to $129.9M. Total functional expenses rose by 1638.6%, from $449K to $7.8M. In its most recent filing year (2023), William & Sheila Konar Foundation reported a surplus of $1.9M, with revenue exceeding expenses. The organization holds $1 in liabilities against $129.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $129.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9.7M | $7.8M | $129.9M | $1 | — | — |
| 2022 | $10.0M | $7.8M | $128.1M | $1 | — | View 990 |
| 2021 | $10.9M | $7.0M | $125.8M | $1 | — | View 990 |
| 2020 | $6.0M | $7.9M | $121.7M | $0 | — | View 990 |
| 2019 | $13.1M | $7.5M | $123.6M | $1 | — | — |
| 2015 | $597K | $1.1M | $8.7M | $1 | — | View 990 |
| 2014 | $3.7M | $1.1M | $9.3M | $1 | — | View 990 |
| 2013 | $1.4M | $493K | $6.6M | $1 | — | View 990 |
| 2012 | $-630,793 | $487K | $5.8M | $0 | — | View 990 |
| 2011 | $269K | $449K | $6.9M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.7M, expenses of $7.8M, and assets of $129.9M (revenue -3.6% year-over-year).
- 2022: Revenue of $10.0M, expenses of $7.8M, and assets of $128.1M (revenue -7.8% year-over-year).
- 2021: Revenue of $10.9M, expenses of $7.0M, and assets of $125.8M (revenue +82.7% year-over-year).
- 2020: Revenue of $6.0M, expenses of $7.9M, and assets of $121.7M (revenue -54.4% year-over-year).
- 2019: Revenue of $13.1M, expenses of $7.5M, and assets of $123.6M (revenue +2088.2% year-over-year).
- 2015: Revenue of $597K, expenses of $1.1M, and assets of $8.7M (revenue -83.9% year-over-year).
- 2014: Revenue of $3.7M, expenses of $1.1M, and assets of $9.3M (revenue +174.9% year-over-year).
- 2013: Revenue of $1.4M, expenses of $493K, and assets of $6.6M.
- 2012: Revenue of $-630,793, expenses of $487K, and assets of $5.8M (revenue -334.9% year-over-year).
- 2011: Revenue of $269K, expenses of $449K, and assets of $6.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for William & Sheila Konar Foundation:
Data Sources and Methodology
This transparency report for William & Sheila Konar 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.