Steven H Korman Family Foundation
Only null% goes to programs Strong reserves Growing revenue
Steven H Korman Family Foundation is a 501(c)(3) organization based in Plymouth Mtng, Pennsylvania, registered in 2010, with $6,126,812 in FY2024 revenue. CharityIndex grades it C+.
580 W Germantown Pike Ste 200, Plymouth Mtng, PA, 19462 EIN 27-3004256 Since 2010
Revenue (FY2024)
$6.1M
▲ 2706.3% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$1.3M
Net assets
$11.5M
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 Steven H Korman Family Foundation— 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 rating104 mo reserves · +78% 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 Steven H Korman Family Foundation: 104 mo reserves · +78% 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 Steven H Korman Family Foundation— 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 Steven H Korman Family Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 580 W Germantown Pike Ste 200, Plymouth Mtng, PA, 19462
- City
- Plymouth Mtng
- State
- Pennsylvania
- Subcategory
- Private Foundations
Financial trends
Revenue grew from $135K (FY2013) to $6.1M (FY2024) across 10 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $11.5M
Operating margin
78.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$11.5M
Total liabilities
$0
Net assets
$11.5M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $6,126,812▲2706% | $1,328,986▲283% | $11,490,060▲71.7% | $11,490,060▲71.7% | 990PF |
| 2023 | -$235,073▼146% | $347,087▼33.0% | $6,692,234▼8.0% | $6,692,234▼8.0% | 990PF |
| 2022 | $507,654▲179% | $517,880▼20.3% | $7,274,394▼0.1% | $7,274,394▼0.1% | 990PF |
| 2021 | $181,690▼94.6% | $649,471▲22.0% | $7,284,620▼6.0% | $7,284,620▼6.0% | 990PF |
| 2020 | $3,370,585▲181% | $532,369▼5.6% | $7,752,401▲58.5% | $7,752,401▲58.5% | 990PF |
| 2019 | $1,199,655▼64.6% | $563,685▲23.8% | $4,890,830▲16.1% | $4,890,830▲16.1% | 990PF |
| 2018 | $3,391,379▲5640% | $455,285▲676% | $4,210,812▲283% | $4,210,812▲283% | 990PF |
| 2015 | $59,088▼94.4% | $58,666▼45.5% | $1,098,110 | $1,098,110 | 990PF |
| 2014 | $1,051,095▲678% | $107,740▲6.0% | $1,097,688▲592% | $1,097,688▲592% | 990PF |
| 2013 | $135,019 | $101,665 | $158,552 | $158,552 | 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.
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Frequently asked questions
- Is Steven H Korman Family Foundation a legitimate nonprofit?
- Yes. Steven H Korman Family Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 27-3004256, based in Plymouth Mtng, Pennsylvania. Donations are tax-deductible.
- What is Steven H Korman Family Foundation's EIN?
- Steven H Korman Family Foundation's Employer Identification Number (EIN) is 27-3004256.
- How much revenue does Steven H Korman Family Foundation report?
- Steven H Korman Family Foundation reported $6,126,812 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Steven H Korman Family Foundation have?
- CharityIndex grades Steven H Korman Family Foundation C+, based on financial health (reserves and operating margin).
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Data for Steven H Korman Family Foundation (EIN 27-3004256) 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.