Zafirovski Family Foundation
Zafirovski Family Foundation consistently spends more than annual revenue, drawing down assets while maintaining zero officer compensation.
EIN: 203610677 · Lake Forest, IL · NTEE: T20 · Updated: 2026-03-28
Is Zafirovski Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Zafirovski Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Zafirovski Family Foundation
Zafirovski Family Foundation (EIN: 203610677) is a nonprofit organization based in Lake Forest, IL, classified under NTEE code T20. The organization reported total revenue of $2.6M and total assets of $4.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Zafirovski Family 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 Zafirovski Family 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, Zafirovski Family 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 reported as 0% across all available filings, indicating that officers are not compensated or are compensated through non-officer channels, which is a positive sign for a foundation of this size.
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 Zafirovski Family Foundation's IRS 990 filings:
- Consistent spending exceeding annual revenue, leading to asset drawdown, though this can be a deliberate strategy for private foundations.
Strengths
The following positive indicators were identified for Zafirovski Family Foundation:
- Consistent 0% officer compensation reported across all filings, indicating efficient use of funds.
- Minimal liabilities ($0 or $1) across all periods, suggesting strong financial management.
- Substantial asset base ($3,965,521 latest) provides long-term stability for grantmaking.
- Consistent IRS 990 filing history demonstrates transparency.
Frequently Asked Questions about Zafirovski Family Foundation
Is Zafirovski Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Zafirovski Family Foundation (EIN: 203610677) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Zafirovski Family Foundation spend its money?
Zafirovski Family Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Zafirovski Family Foundation tax-deductible?
Zafirovski Family Foundation is registered as a tax-exempt nonprofit (EIN: 203610677). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Zafirovski Family Foundation a good charity?
Based on the available data, the Zafirovski Family Foundation appears to be a well-managed private foundation. It consistently reports 0% officer compensation and maintains minimal liabilities, suggesting efficient use of funds. Its primary function as a grantmaking foundation means its 'program spending' is the grants it distributes, which is its core mission.
How does the foundation sustain its operations given consistent spending exceeding revenue?
The foundation sustains its operations by drawing down its asset base. For instance, assets decreased from $4,468,811 in 2019 to $3,877,051 in 2023, while expenses frequently exceeded revenue during this period. This is a common strategy for private foundations distributing their endowment.
What is the primary purpose of the Zafirovski Family Foundation?
Given its NTEE code T20 (Private Grantmaking Foundations) and the financial patterns, its primary purpose is to make grants to other organizations or individuals, fulfilling its philanthropic mission through distributions from its assets.
Filing History
IRS 990 filing history for Zafirovski Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Zafirovski Family Foundation's revenue has grown by 9.4%, moving from $208K to $228K. Total assets increased by 51.3% over the same period, from $2.6M to $3.9M. Total functional expenses fell by 45.7%, from $420K to $228K. In its most recent filing year (2023), Zafirovski Family Foundation reported a deficit of $469, with expenses exceeding revenue. The organization holds $1 in liabilities against $3.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $228K | $228K | $3.9M | $1 | — | — |
| 2022 | $290K | $431K | $3.9M | $1 | — | View 990 |
| 2021 | $328K | $515K | $4.0M | $1 | — | View 990 |
| 2020 | $317K | $581K | $4.2M | $1 | — | — |
| 2019 | $329K | $511K | $4.5M | $1 | — | View 990 |
| 2015 | $2.2M | $216K | $4.1M | $0 | — | View 990 |
| 2014 | $419K | $196K | $3.0M | $0 | — | View 990 |
| 2013 | $266K | $198K | $2.7M | $0 | — | View 990 |
| 2012 | $287K | $191K | $2.7M | $0 | — | View 990 |
| 2011 | $208K | $420K | $2.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $228K, expenses of $228K, and assets of $3.9M (revenue -21.5% year-over-year).
- 2022: Revenue of $290K, expenses of $431K, and assets of $3.9M (revenue -11.5% year-over-year).
- 2021: Revenue of $328K, expenses of $515K, and assets of $4.0M (revenue +3.3% year-over-year).
- 2020: Revenue of $317K, expenses of $581K, and assets of $4.2M (revenue -3.7% year-over-year).
- 2019: Revenue of $329K, expenses of $511K, and assets of $4.5M (revenue -85.2% year-over-year).
- 2015: Revenue of $2.2M, expenses of $216K, and assets of $4.1M (revenue +429.0% year-over-year).
- 2014: Revenue of $419K, expenses of $196K, and assets of $3.0M (revenue +57.8% year-over-year).
- 2013: Revenue of $266K, expenses of $198K, and assets of $2.7M (revenue -7.4% year-over-year).
- 2012: Revenue of $287K, expenses of $191K, and assets of $2.7M (revenue +38.0% year-over-year).
- 2011: Revenue of $208K, expenses of $420K, and assets of $2.6M.
Data Sources and Methodology
This transparency report for Zafirovski 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.