B&m Steinmetz Foundation Inc
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
B&m Steinmetz Foundation Inc is a 501(c)(3) organization based in Spring Valley, New York, registered in 1969, with $1,527,803 in FY2024 revenue. CharityIndex grades it C+.
Co David Soifer CPA 24 Jackson Ave, Spring Valley, NY, 10977 EIN 23-7048163 Since 1969
Revenue (FY2024)
$1.5M
▼ 30.6% vs prior year
Expenses (FY2024)
$1.6M
Net assets
$28.5M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for B&m Steinmetz Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating213 mo reserves · -5% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For B&m Steinmetz Foundation Inc: 213 mo reserves · -5% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for B&m Steinmetz Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For B&m Steinmetz Foundation Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- Co David Soifer CPA 24 Jackson Ave, Spring Valley, NY, 10977
- City
- Spring Valley
- State
- New York
- Category
- —
- Subcategory
- —
Financial trends
Revenue grew from $727K (FY2013) to $1.5M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $28.5M
Operating margin
-5.5%
Spent more than it raised in the latest fiscal year.
Total assets
$28.5M
Total liabilities
$0
Net assets
$28.5M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,527,803▼30.6% | $1,611,220▼29.5% | $28,540,626▼0.4% | $28,540,626▼0.4% | 990PF |
| 2023 | $2,202,302▲22.3% | $2,286,750▲51.6% | $28,655,779▼0.4% | $28,655,779▼0.4% | 990PF |
| 2022 | $1,800,002▼15.8% | $1,508,375▲65.5% | $28,766,548▼0.5% | $28,766,548▼0.5% | 990PF |
| 2021 | $2,137,680▲21.1% | $911,314▼5.1% | $28,918,532▲4.3% | $28,918,532▲4.3% | 990PF |
| 2020 | $1,765,094▼8.4% | $959,817▼34.5% | $27,713,524▲3.0% | $27,713,524▲3.0% | 990PF |
| 2019 | $1,926,679▼5.8% | $1,465,212▼23.4% | $26,918,587▲1.8% | $26,918,587▲1.8% | 990PF |
| 2018 | $2,044,874 | $1,913,427▲46.7% | $26,440,470▲0.3% | $26,440,470▲0.3% | 990PF |
| 2017 | $2,044,576▼49.2% | $1,304,160▲16.1% | $26,352,427▲2.4% | $26,352,427▲2.4% | 990PF |
| 2016 | $4,024,036▲190% | $1,123,574▲50.0% | $25,724,735▲12.9% | $25,724,735▲12.9% | 990PF |
| 2015 | $1,385,329▼31.3% | $749,003▲21.5% | $22,788,406▲3.0% | $22,788,406▲3.0% | 990PF |
| 2014 | $2,017,567▲178% | $616,569▼3.4% | $22,124,251▲6.8% | $22,124,251▲6.8% | 990PF |
| 2013 | $726,642 | $638,063▲87.3% | $20,714,589▲0.3% | $20,714,589▲0.3% | 990PF |
| 2012 | — | $340,655▼82.0% | $20,662,606▲7.5% | $20,662,606▲7.5% | 990PF |
| 2011 | — | $1,891,107▲271% | $19,217,314▼12.0% | $19,217,314▼12.0% | 990PF |
| 2009 | — | $510,052 | $21,838,657 | $21,838,657 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is B&m Steinmetz Foundation Inc a legitimate nonprofit?
- Yes. B&m Steinmetz Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 23-7048163, based in Spring Valley, New York. Donations are tax-deductible.
- What is B&m Steinmetz Foundation Inc's EIN?
- B&m Steinmetz Foundation Inc's Employer Identification Number (EIN) is 23-7048163.
- How much revenue does B&m Steinmetz Foundation Inc report?
- B&m Steinmetz Foundation Inc reported $1,527,803 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does B&m Steinmetz Foundation Inc have?
- CharityIndex grades B&m Steinmetz Foundation Inc C+, based on financial health (reserves and operating margin).
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Data for B&m Steinmetz Foundation Inc (EIN 23-7048163) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.