Is Stephen Scott Selig Family Foundation Inc Legit?
Quick charity verification for Stephen Scott Selig Family Foundation Inc (EIN: 202424943)
Verdict: Stephen Scott Selig Family Foundation Inc appears trustworthy
85/100Mission Score
$250KRevenue
$1Assets
1Red Flags
3Strengths
Red Flags
Extremely low asset base ($1) despite significant recent revenue, which could indicate a lack of financial reserves or a very rapid pass-through model that might limit long-term stability.
Strengths
Consistent 0% officer compensation, indicating high efficiency and volunteer-driven leadership.
Significant increase in revenue in the latest period ($250,000), suggesting increased donor support or capacity.
How Stephen Scott Selig Family Foundation Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Stephen Scott Selig Family Foundation Inc
Is Stephen Scott Selig Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Stephen Scott Selig Family Foundation Inc (EIN: 202424943) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
Is Stephen Scott Selig Family Foundation Inc a good charity to donate to?
Stephen Scott Selig Family Foundation Inc has a Mission Score of 85/100. Revenue: $250K. Assets: $1. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Stephen Scott Selig Family Foundation Inc?
The Employer Identification Number (EIN) for Stephen Scott Selig Family Foundation Inc is 202424943. 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 Stephen Scott Selig Family Foundation Inc spend its money?
Stephen Scott Selig Family Foundation Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Stephen Scott Selig Family Foundation Inc's tax-exempt status?
You can verify Stephen Scott Selig Family Foundation Inc's tax-exempt status using EIN 202424943 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 Stephen Scott Selig Family Foundation Inc appears to be a small, family-oriented foundation with a history of consistent, albeit modest, financial activity. Over its filing history, the organization has maintained very low asset levels, consistently reporting only $1 in liabilities, suggesting a lean operational structure. Its revenue has fluctuated, with a significant jump to $250,000 in the latest period from a historical average of around $18,000-$25,000. This recent increase in revenue, coupled with its historically low asset base, indicates that the foundation likely operates on a pass-through model, distributing funds as they are received rather than accumulating significant endowments. The consistent reporting of 0% officer compensation across all filings suggests a volunteer-driven or very low-cost administrative model, which is a positive indicator for efficiency and donor trust. However, the extremely low asset base of $1 in the latest period, despite the $250,000 in revenue, warrants further investigation to understand the immediate deployment of funds and the foundation's long-term financial stability and capacity.