Is Steger Family Foundation Inc Legit? —…

Spending Breakdown

How Steger Family Foundation Inc allocates its funds across programs, administration, and fundraising.

95%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Steger Family Foundation Inc

Is Steger Family Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Steger Family Foundation Inc (EIN: 20730378) appears trustworthy. Mission Score: 90/100. 2 red flags identified, 4 strengths noted.

Is Steger Family Foundation Inc a good charity to donate to?

Steger Family Foundation Inc has a Mission Score of 90/100. Revenue: $364K. Assets: $2.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Steger Family Foundation Inc?

The Employer Identification Number (EIN) for Steger Family Foundation Inc is 20730378. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Steger Family Foundation Inc spend its money?

Steger Family Foundation Inc allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Steger Family Foundation Inc's tax-exempt status?

You can verify Steger Family Foundation Inc's tax-exempt status using EIN 20730378 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

The Steger Family Foundation Inc. demonstrates a consistent commitment to its mission with a strong program spending ratio, as indicated by its NTEE code T20 (Philanthropy, Voluntarism, and Grantmaking Foundations). The organization's financial health appears stable, with assets consistently over $2 million in recent years, reaching $2,130,187 in the latest period. While revenue has fluctuated significantly, from a high of $571,744 in 2020 to a low of $25,523 in 2021, the foundation has maintained minimal liabilities, consistently reported as $1 across all filings, suggesting sound financial management and low debt risk. The absence of officer compensation further enhances its transparency and efficiency profile, indicating that resources are primarily directed towards programmatic activities rather than administrative overhead related to executive salaries.

Spending efficiency is a notable strength, particularly given the zero officer compensation reported across all filings. This suggests that the foundation operates with a lean administrative structure, maximizing the portion of its budget available for grants or direct program support. The foundation's transparency is high due to the readily available 990 filings and the clear indication of no executive compensation, which is a positive signal for donors and stakeholders. However, the significant year-to-year variability in revenue and expenses, such as expenses ranging from $1,186 in 2012 to $180,692 in 2023, could indicate an opportunistic or grant-cycle dependent operational model rather than a consistent, predictable program delivery, which might warrant further investigation into its grantmaking strategy.

Is Steger Family Foundation Inc Legit?

Verdict: Steger Family Foundation Inc appears trustworthy

Red Flags

Strengths