A Paul And Carol C Schaapfoundation
A Paul And Carol C Schaapfoundation faces persistent operating deficits and declining assets.
EIN: 207097647 · Detroit, MI · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $243K |
| Total Expenses | $823K |
| Program Spending | 90% |
| Net Assets | $1.9M |
| Transparency Score | 45/100 |
Is A Paul And Carol C Schaapfoundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
A Paul And Carol C Schaapfoundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About A Paul And Carol C Schaapfoundation
A Paul And Carol C Schaapfoundation (EIN: 207097647) is a nonprofit organization based in Detroit, MI, classified under NTEE code T20. The organization reported total revenue of $243K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of A Paul And Carol C Schaapfoundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
A Paul And Carol C Schaapfoundation is a small nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 17.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $151K |
| Total Expenses | $823K |
| Surplus / Deficit | $-672,144 |
| Total Assets | $1.9M |
| Total Liabilities | $1 |
| Net Assets | $1.9M |
| Operating Margin | -444.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 28.2 months |
Financial Health Grade: B
In 2023, A Paul And Carol C Schaapfoundation reported a deficit of $672K with expenses exceeding revenue, holds 28.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), A Paul And Carol C Schaapfoundation's revenue has grown at a compound annual growth rate (CAGR) of 17.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +98.8% | -8.9% | -22.3% |
| 2022 | +386.4% | +14.3% | -29.6% |
| 2021 | -99.7% | +20.4% | -17.9% |
| 2020 | +7004.5% | -1.3% | +978.1% |
| 2019 | -10.7% | -47.9% | -84.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates A Paul And Carol C Schaapfoundation with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, A Paul And Carol C Schaapfoundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $672K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees received compensation from the organization, which is highly efficient for an organization of its size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of A Paul And Carol C Schaapfoundation's IRS 990 filings:
- Consistent and significant operating deficits (e.g., 2023 expenses $823,287 vs. revenue $151,143).
- Steady decline in total assets over the past decade (from $5,683,861 in 2011 to $1,937,967 in 2023).
- Reliance on drawing down assets to cover expenses, indicating an unsustainable financial model.
Strengths
The following positive indicators were identified for A Paul And Carol C Schaapfoundation:
- Zero officer compensation reported across all filings, indicating high efficiency in executive pay.
- Low liabilities reported ($1 in recent years), suggesting minimal debt burden.
Frequently Asked Questions about A Paul And Carol C Schaapfoundation
Is A Paul And Carol C Schaapfoundation a legitimate charity?
Based on AI analysis of IRS 990 filings, A Paul And Carol C Schaapfoundation (EIN: 207097647) significant concerns. Mission Score: 45/100. 3 red flags identified, 2 strengths noted.
How does A Paul And Carol C Schaapfoundation spend its money?
A Paul And Carol C Schaapfoundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to A Paul And Carol C Schaapfoundation tax-deductible?
A Paul And Carol C Schaapfoundation is registered as a tax-exempt nonprofit (EIN: 207097647). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does A Paul And Carol C Schaapfoundation compare to similar nonprofits?
With a transparency score of 45/100 (Fair), A Paul And Carol C Schaapfoundation is near average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is A Paul And Carol C Schaapfoundation located?
A Paul And Carol C Schaapfoundation is headquartered in Detroit, Michigan and files with the IRS under EIN 207097647. It is classified under NTEE code T20.
How many years of IRS 990 filings does A Paul And Carol C Schaapfoundation have?
A Paul And Carol C Schaapfoundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $243K in total revenue.
What is the source of the significant expenses relative to revenue?
The filings consistently show expenses far exceeding revenue, for instance, $823,287 in expenses vs. $151,143 in revenue in 2023. This suggests the foundation is either making substantial grants (its NTEE code T20 indicates grantmaking) or incurring other significant operational costs that are not covered by its annual income.
How sustainable is the foundation's current financial model?
The foundation's financial model appears unsustainable in the long term, given the consistent and significant operating deficits. Assets have decreased from $5,683,861 in 2011 to $1,937,967 in 2023, indicating a reliance on drawing down its principal to cover expenses rather than operating from investment income or consistent donations.
What caused the large revenue spike in 2020?
In 2020, the foundation reported a revenue of $4,574,193, a significant increase compared to other years. This could be due to a large one-time donation, a substantial investment gain, or a major asset sale. Understanding the nature of this revenue is crucial for assessing its long-term financial strategy.
Filing History
IRS 990 filing history for A Paul And Carol C Schaapfoundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), A Paul And Carol C Schaapfoundation's revenue has grown by 555.5%, moving from $23K to $151K. Total assets decreased by 65.9% over the same period, from $5.7M to $1.9M. Total functional expenses fell by 1.9%, from $839K to $823K. In its most recent filing year (2023), A Paul And Carol C Schaapfoundation reported a deficit of $672K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $151K | $823K | $1.9M | $1 | — | View 990 |
| 2022 | $76K | $903K | $2.5M | $1 | — | View 990 |
| 2021 | $16K | $791K | $3.5M | $1 | — | — |
| 2020 | $4.6M | $657K | $4.3M | $1 | — | — |
| 2019 | $64K | $665K | $401K | $0 | — | View 990 |
| 2015 | $72K | $1.3M | $2.5M | $0 | — | View 990 |
| 2014 | $397K | $1.3M | $3.7M | $0 | — | View 990 |
| 2013 | $434K | $1.0M | $4.7M | $0 | — | View 990 |
| 2012 | $448K | $883K | $5.2M | $0 | — | View 990 |
| 2011 | $23K | $839K | $5.7M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $151K, expenses of $823K, and assets of $1.9M (revenue +98.8% year-over-year).
- 2022: Revenue of $76K, expenses of $903K, and assets of $2.5M (revenue +386.4% year-over-year).
- 2021: Revenue of $16K, expenses of $791K, and assets of $3.5M (revenue -99.7% year-over-year).
- 2020: Revenue of $4.6M, expenses of $657K, and assets of $4.3M (revenue +7004.5% year-over-year).
- 2019: Revenue of $64K, expenses of $665K, and assets of $401K (revenue -10.7% year-over-year).
- 2015: Revenue of $72K, expenses of $1.3M, and assets of $2.5M (revenue -81.8% year-over-year).
- 2014: Revenue of $397K, expenses of $1.3M, and assets of $3.7M (revenue -8.5% year-over-year).
- 2013: Revenue of $434K, expenses of $1.0M, and assets of $4.7M (revenue -3.1% year-over-year).
- 2012: Revenue of $448K, expenses of $883K, and assets of $5.2M (revenue +1840.8% year-over-year).
- 2011: Revenue of $23K, expenses of $839K, and assets of $5.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for A Paul And Carol C Schaapfoundation:
Data Sources and Methodology
This transparency report for A Paul And Carol C Schaapfoundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.