Aeb Foundation
Aeb Foundation faces severe financial distress with negligible revenue and declining assets.
EIN: 200200319 · Holladay, UT · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1 |
| Total Expenses | $51K |
| Net Assets | $-98,338 |
| Transparency Score | 10/100 |
Is Aeb Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Aeb Foundation
Aeb Foundation (EIN: 200200319) is a nonprofit organization based in Holladay, UT, classified under NTEE code T20. The organization reported total revenue of $1 and total assets of $262K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Aeb Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Aeb Foundation is a micro nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -17.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4K |
| Total Expenses | $51K |
| Surplus / Deficit | $-46,909 |
| Total Assets | $290K |
| Total Liabilities | $388K |
| Net Assets | $-98,338 |
| Operating Margin | -1172.7% |
| Debt-to-Asset Ratio | 134.0% |
| Months of Reserves | 68.2 months |
Financial Health Grade: C
In 2023, Aeb Foundation reported a deficit of $47K with expenses exceeding revenue, holds 68.2 months of operating reserves (strong position), has a debt-to-asset ratio of 134.0% (high leverage).
Financial Trends
Over 10 years of filings (2011–2023), Aeb Foundation's revenue has declined at a compound annual growth rate (CAGR) of -17.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +66.7% | -24.2% | -15.1% |
| 2022 | +239900.0% | +123.4% | -8.0% |
| 2021 | +0.0% | +142.3% | +0.7% |
| 2020 | -75.0% | -83.8% | +4.2% |
| 2019 | -100.0% | -43.4% | -21.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Aeb Foundation with a Mission Score of 10 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Aeb Foundation allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $47K, with expenses exceeding revenue.
- Debt-to-asset ratio: 134.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all filings, indicating no salaries paid to officers, which is a positive for transparency and resource allocation, especially given the organization's financial struggles.
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 Aeb Foundation's IRS 990 filings:
- Consistent and severe negative net income for multiple years (e.g., $4,000 revenue vs. $50,909 expenses in 2023).
- Significant decline in assets over time (from $1.1M in 2011 to $289K in 2023).
- Liabilities exceeding assets in recent years ($387,871 liabilities vs. $289,533 assets in 2023).
- Minimal reported revenue for the past five years ($1-$4,000), raising questions about sustainability and funding model.
Strengths
The following positive indicators were identified for Aeb Foundation:
- Consistent reporting of 0% officer compensation, indicating no executive salaries.
Frequently Asked Questions about Aeb Foundation
Is Aeb Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Aeb Foundation (EIN: 200200319) significant concerns. Mission Score: 10/100. 4 red flags identified, 1 strength noted.
How does Aeb Foundation spend its money?
Detailed spending breakdown data is not yet available for Aeb Foundation. Check back for updated IRS 990 analysis.
Are donations to Aeb Foundation tax-deductible?
Aeb Foundation is registered as a tax-exempt nonprofit (EIN: 200200319). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Aeb Foundation compare to similar nonprofits?
With a transparency score of 10/100 (Very Poor), Aeb Foundation is below average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Aeb Foundation located?
Aeb Foundation is headquartered in Holladay, Utah and files with the IRS under EIN 200200319. It is classified under NTEE code T20.
How many years of IRS 990 filings does Aeb Foundation have?
Aeb Foundation 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 $1 in total revenue.
How does Aeb Foundation cover its expenses with such minimal revenue?
The filings show a consistent pattern of expenses far exceeding revenue, suggesting the organization is drawing down its assets or relying on undisclosed funding sources to cover operational costs. For example, in 2023, revenue was $4,000 while expenses were $50,909.
What is the purpose of the Aeb Foundation given its financial activity?
With an NTEE code of T20 (Philanthropy, Voluntarism, and Grantmaking Foundations), the foundation's financial data, particularly the minimal revenue and high expenses, does not clearly demonstrate active grantmaking or significant programmatic activity. The consistent asset depletion raises questions about its current operational focus.
Why have the assets of Aeb Foundation decreased so dramatically over time?
Assets have declined from over $1.1 million in 2011 to $289,533 in 2023. This decrease is directly attributable to the organization consistently spending significantly more than it earns, as evidenced by the large deficits in most reporting periods.
Is Aeb Foundation at risk of insolvency?
Yes, with liabilities ($387,871 in 2023) exceeding assets ($289,533 in 2023) and a persistent pattern of negative net income, the foundation appears to be in a highly precarious financial state and at significant risk of insolvency.
Filing History
IRS 990 filing history for Aeb Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Aeb Foundation's revenue has declined by 90.2%, moving from $41K to $4K. Total assets decreased by 73.9% over the same period, from $1.1M to $290K. Total functional expenses fell by 78.8%, from $240K to $51K. In its most recent filing year (2023), Aeb Foundation reported a deficit of $47K, with expenses exceeding revenue. The organization holds $388K in liabilities against $290K in assets (debt-to-asset ratio: 134.0%), resulting in net assets of $-98,338.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4K | $51K | $290K | $388K | — | — |
| 2022 | $2K | $67K | $341K | $393K | — | View 990 |
| 2021 | $1 | $30K | $371K | $358K | — | — |
| 2020 | $1 | $12K | $368K | $325K | — | View 990 |
| 2019 | $4 | $77K | $354K | $298K | — | — |
| 2015 | $181K | $136K | $453K | $58K | — | View 990 |
| 2014 | $6K | $122K | $377K | $26K | — | View 990 |
| 2013 | $1K | $286K | $482K | $15K | — | View 990 |
| 2012 | $81K | $440K | $738K | $-12,471 | — | View 990 |
| 2011 | $41K | $240K | $1.1M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4K, expenses of $51K, and assets of $290K (revenue +66.7% year-over-year).
- 2022: Revenue of $2K, expenses of $67K, and assets of $341K (revenue +239900.0% year-over-year).
- 2021: Revenue of $1, expenses of $30K, and assets of $371K (revenue +0.0% year-over-year).
- 2020: Revenue of $1, expenses of $12K, and assets of $368K (revenue -75.0% year-over-year).
- 2019: Revenue of $4, expenses of $77K, and assets of $354K (revenue -100.0% year-over-year).
- 2015: Revenue of $181K, expenses of $136K, and assets of $453K (revenue +3068.7% year-over-year).
- 2014: Revenue of $6K, expenses of $122K, and assets of $377K (revenue +359.3% year-over-year).
- 2013: Revenue of $1K, expenses of $286K, and assets of $482K (revenue -98.5% year-over-year).
- 2012: Revenue of $81K, expenses of $440K, and assets of $738K (revenue +98.4% year-over-year).
- 2011: Revenue of $41K, expenses of $240K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Aeb Foundation:
Data Sources and Methodology
This transparency report for Aeb Foundation 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.