FOUNDATION FOR ETHNIC UNDERSTANDING

EIN: 133527874 501(c)(3) Philanthropy & Grantmaking

NEW YORK, NY

Total Revenue
$1,378,933
Total Expenses
$1,345,715
Total Assets
$356,949
Net Assets
$-302,187
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
NY
Principal Officer
MARC SCHNEIER
Phone
9174922538
Tax Period
2024-01-01 to 2024-12-31

FOUNDATION FOR ETHNIC UNDERSTANDING, founded in 1991, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.4M in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year.

Mission

DIVERSE RACIAL AND ETHNIC COMMUNITIES RELATIONS. PROMOTE UNDERSTANDING AND COOPERATION BETWEEN AND AMONG ETHNIC GROUPS AND REDUCE TENSIONS AMONG DIVERSE RACIAL AND ETHNIC COMMUNITIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,378,666
Program Service Revenue $0
Investment Income $0
Other Revenue $267
TOTAL REVENUE $1,378,933

Expense Breakdown

Grants Paid $2,310
Salaries & Benefits $831,882
Fundraising Expenses $187,746
Program Expenses $918,586
Other Expenses $511,523
TOTAL EXPENSES $1,345,715

Year-over-Year Comparison

2024 2023 Change
Revenue $1,378,933 $1,687,736 -0.2%
Expenses $1,345,715 $1,359,809 0.0%
Net Income $33,218 $327,927 -0.9%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
6
Employees
3
Volunteers
9

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$442,847
Total Directors
7
$442,847
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARC SCHNEIER President 45.00
Officer Director
$442,847 $0 $442,847
DAVID RENZER Director 2.00
Director
$0 $0 $0
MICHAEL HENINGBURG JR Treasurer 2.00
Officer Director
$0 $0 $0
KEN SUNSHINE Secretary 2.00
Officer Director
$0 $0 $0
ALI NAQVI Director 2.00
Director
$0 $0 $0
JOSEPH KOREN Director 2.00
Director
$0 $0 $0
JASON KAMPF Director 2.00
Director
$0 $0 $0
CHRIS SACARABANY EXECUTIVE DIRECTOR 40.00
$0 $0 $0
VALERIE NASH CHIEF OF STAFF 40.00
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $1,378,933 $1,345,715 $356,949 $33,218
2023 $1,687,736 $1,359,809 $296,500 $327,927
2022 $1,060,426 $1,137,927 $501,009 $-77,501
2021 $1,422,014 $1,431,852 $325,892 $-9,838
2020 $1,402,528 $1,783,353 $220,671 $-380,825
2019 $1,433,009 $1,636,275 $331,849 $-203,266
2018 $1,760,000 $1,465,951 $589,153 $294,049
2018 $1,768,035 $1,470,623 $581,064 $297,412
2017 $1,819,769 $1,194,457 $291,555 $625,312
2016 $727,720 $1,245,062 $8,236 $-517,342
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