Is Structured Employment Economic Development Corporation Legit?

Quick charity verification for Structured Employment Economic Development Corporation (EIN: 132875743)

Verdict: Structured Employment Economic Development Corporation shows mixed signals

60/100Mission Score

$5.8MRevenue

$2.5MAssets

4Red Flags

2Strengths

Red Flags

Consistent operational deficits, with expenses exceeding revenue in multiple recent years (e.g., 2023, 2022, 2019).
High liability-to-asset ratio, with liabilities often significantly exceeding assets (e.g., $4,872,360 liabilities vs. $2,611,457 assets in 2023).
Significant decline in revenue over the past decade, from $39.2M in 2012 to $6.5M in 2023, indicating a substantial change in scale or funding.
Unusual reporting of 0% officer compensation across all available filings for an organization with multi-million dollar revenues.

Strengths

Long filing history (11 filings) indicates sustained operation over many years.
Consistent reporting of 0% officer compensation, if accurate, suggests a strong commitment to directing funds towards mission-related activities rather than executive pay.

Spending Breakdown

How Structured Employment Economic Development Corporation allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

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 Structured Employment Economic Development Corporation

Is Structured Employment Economic Development Corporation a legitimate charity?

Based on AI analysis of IRS 990 filings, Structured Employment Economic Development Corporation (EIN: 132875743) shows mixed signals. Mission Score: 60/100. 4 red flags identified, 2 strengths noted.

Is Structured Employment Economic Development Corporation a good charity to donate to?

Structured Employment Economic Development Corporation has a Mission Score of 60/100. Revenue: $5.8M. Assets: $2.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Structured Employment Economic Development Corporation?

The Employer Identification Number (EIN) for Structured Employment Economic Development Corporation is 132875743. 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 Structured Employment Economic Development Corporation spend its money?

Structured Employment Economic Development Corporation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Structured Employment Economic Development Corporation's tax-exempt status?

You can verify Structured Employment Economic Development Corporation's tax-exempt status using EIN 132875743 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

Structured Employment Economic Development Corporation (SEEDCO) demonstrates a consistent operational deficit, with expenses frequently exceeding revenue across multiple years. For instance, in 2023, expenses were $6,608,420 against revenues of $6,558,823, and similar trends are observed in 2022 ($6,763,930 expenses vs. $6,324,471 revenue) and 2019 ($8,058,218 expenses vs. $7,837,052 revenue). This pattern of spending more than it earns could indicate reliance on reserves or future funding, which warrants closer examination. The organization's assets have fluctuated significantly, from a high of $11,890,123 in 2012 to $2,611,457 in 2023, while liabilities have generally remained high, often exceeding assets in recent years (e.g., $4,872,360 liabilities vs. $2,611,457 assets in 2023). This suggests a potentially precarious financial position with a negative net asset balance.

Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess. However, the consistent operational deficits suggest that the organization is not consistently covering its costs through its revenue streams. The absence of reported officer compensation across all available filings is a notable point for transparency, indicating either no paid officers or that compensation is reported differently, which could be a positive sign for resource allocation if indeed no officers are compensated. However, it also raises questions about how leadership is structured and compensated if not through direct officer pay.

Overall, SEEDCO's financial health appears to be under strain due to persistent operational deficits and a high liability-to-asset ratio in recent years. While the lack of reported officer compensation is a positive transparency indicator, the broader financial trends suggest a need for improved financial sustainability and a clearer picture of how expenses are allocated to programs versus overhead.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.