Aaem Foundation Inc
Aaem Foundation Inc. faces significant financial challenges with expenses consistently exceeding revenue and declining assets.
EIN: 202080841 · Milwaukee, WI · NTEE: T30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $800K |
| Total Expenses | $633K |
| Program Spending | 70% |
| Net Assets | $20K |
| Transparency Score | 45/100 |
Is Aaem Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Aaem Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Aaem Foundation Inc
Aaem Foundation Inc (EIN: 202080841) is a nonprofit organization based in Milwaukee, WI, classified under NTEE code T30. The organization reported total revenue of $800K and total assets of $700K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Aaem Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Aaem Foundation Inc is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $268K |
| Total Expenses | $633K |
| Surplus / Deficit | $-365,291 |
| Total Assets | $73K |
| Total Liabilities | $53K |
| Net Assets | $20K |
| Operating Margin | -136.5% |
| Debt-to-Asset Ratio | 72.7% |
| Months of Reserves | 1.4 months |
Financial Health Grade: D
In 2023, Aaem Foundation Inc reported a deficit of $365K with expenses exceeding revenue, holds 1.4 months of operating reserves (limited), has a debt-to-asset ratio of 72.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Aaem Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +48.2% | +136.8% | -85.1% |
| 2022 | +189.6% | +92.6% | -32.2% |
| 2021 | +49.2% | +457.1% | +7.5% |
| 2020 | +15.6% | +1984.1% | +16.6% |
| 2019 | -37.0% | -81.9% | +15.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Aaem Foundation Inc 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Aaem Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $365K, with expenses exceeding revenue.
- Debt-to-asset ratio: 72.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership may be entirely volunteer-based or compensated through non-officer roles, which is a positive sign for minimizing overhead related to executive pay.
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 Aaem Foundation Inc's IRS 990 filings:
- Consistent and significant deficit spending (e.g., 2023 expenses $632,818 vs. revenue $267,527)
- Sharp decline in assets from $720,546 in 2021 to $72,831 in 2023
- High liabilities relative to assets in 2023 ($52,920 liabilities vs. $72,831 assets)
Strengths
The following positive indicators were identified for Aaem Foundation Inc:
- No reported officer compensation across all filings, indicating low executive overhead.
Frequently Asked Questions about Aaem Foundation Inc
Is Aaem Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Aaem Foundation Inc (EIN: 202080841) significant concerns. Mission Score: 45/100. 3 red flags identified, 1 strength noted.
How does Aaem Foundation Inc spend its money?
Aaem Foundation Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Aaem Foundation Inc tax-deductible?
Aaem Foundation Inc is registered as a tax-exempt nonprofit (EIN: 202080841). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Aaem Foundation Inc's spending goes to programs?
Aaem Foundation Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Aaem Foundation Inc compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Aaem Foundation Inc is near average for NTEE category T30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Aaem Foundation Inc located?
Aaem Foundation Inc is headquartered in Milwaukee, Wisconsin and files with the IRS under EIN 202080841. It is classified under NTEE code T30.
How many years of IRS 990 filings does Aaem Foundation Inc have?
Aaem Foundation Inc has 13 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 $800K in total revenue.
Is Aaem Foundation Inc. financially sustainable given its recent revenue and expense trends?
The organization's financial sustainability is questionable, as expenses have significantly outpaced revenue in recent years (e.g., $632,818 expenses vs. $267,527 revenue in 2023), leading to a substantial draw-down of assets from $720,546 in 2021 to $72,831 in 2023.
What caused the significant drop in assets from $720,546 in 2021 to $72,831 in 2023?
The provided data does not specify the exact cause, but the decline in assets directly correlates with periods where expenses far exceeded revenue, suggesting the organization used its reserves to cover operational deficits.
How does the organization plan to address its consistent deficit spending?
The provided IRS 990 summary data does not detail the organization's strategies for addressing its recurring financial deficits.
Filing History
IRS 990 filing history for Aaem Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Aaem Foundation Inc's revenue has grown by 262%, moving from $74K to $268K. Total assets decreased by 63.7% over the same period, from $200K to $73K. Total functional expenses rose by 32269.2%, from $2K to $633K. In its most recent filing year (2023), Aaem Foundation Inc reported a deficit of $365K, with expenses exceeding revenue. The organization holds $53K in liabilities against $73K in assets (debt-to-asset ratio: 72.7%), resulting in net assets of $20K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $268K | $633K | $73K | $53K | — | View 990 |
| 2022 | $181K | $267K | $488K | $40K | — | View 990 |
| 2021 | $62K | $139K | $721K | $18K | — | View 990 |
| 2020 | $42K | $25K | $670K | $0 | — | — |
| 2019 | $36K | $1K | $575K | $0 | — | View 990 |
| 2018 | $57K | $7K | $496K | $0 | — | View 990 |
| 2017 | $62K | $1K | $445K | $0 | — | View 990 |
| 2016 | $66K | $1K | $385K | $31 | — | View 990 |
| 2015 | $69K | $14K | $320K | $0 | — | View 990 |
| 2014 | $68K | $72K | $286K | $20K | — | View 990 |
| 2013 | $68K | $70K | $271K | $8 | — | View 990 |
| 2012 | $74K | $2K | $273K | $72 | — | View 990 |
| 2011 | $74K | $2K | $200K | $330 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $268K, expenses of $633K, and assets of $73K (revenue +48.2% year-over-year).
- 2022: Revenue of $181K, expenses of $267K, and assets of $488K (revenue +189.6% year-over-year).
- 2021: Revenue of $62K, expenses of $139K, and assets of $721K (revenue +49.2% year-over-year).
- 2020: Revenue of $42K, expenses of $25K, and assets of $670K (revenue +15.6% year-over-year).
- 2019: Revenue of $36K, expenses of $1K, and assets of $575K (revenue -37.0% year-over-year).
- 2018: Revenue of $57K, expenses of $7K, and assets of $496K (revenue -7.3% year-over-year).
- 2017: Revenue of $62K, expenses of $1K, and assets of $445K (revenue -5.9% year-over-year).
- 2016: Revenue of $66K, expenses of $1K, and assets of $385K (revenue -4.1% year-over-year).
- 2015: Revenue of $69K, expenses of $14K, and assets of $320K (revenue +0.9% year-over-year).
- 2014: Revenue of $68K, expenses of $72K, and assets of $286K (revenue -0.2% year-over-year).
- 2013: Revenue of $68K, expenses of $70K, and assets of $271K (revenue -8.1% year-over-year).
- 2012: Revenue of $74K, expenses of $2K, and assets of $273K (revenue +0.3% year-over-year).
- 2011: Revenue of $74K, expenses of $2K, and assets of $200K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Aaem Foundation Inc:
Data Sources and Methodology
This transparency report for Aaem Foundation Inc 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.