Al Sigl Foundation Inc
Al Sigl Foundation Inc shows consistent asset growth and no reported officer compensation over a decade.
EIN: 161544847 · Rochester, NY · NTEE: T90 · Updated: 2026-03-28
Is Al Sigl Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Al Sigl Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Al Sigl Foundation Inc
Al Sigl Foundation Inc (EIN: 161544847) is a nonprofit organization based in Rochester, NY, classified under NTEE code T90. The organization reported total revenue of $3.5M and total assets of $36.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Al Sigl Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Al Sigl Foundation Inc with a Mission Score of 85 out of 100 (Excellent). 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: 80%
- fundraising: 10%
According to IRS 990 filings, Al Sigl Foundation Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation directly from the organization, which is highly unusual for an organization with assets exceeding $36 million and annual revenues over $3 million, suggesting either volunteer leadership or compensation through an affiliated entity.
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 Al Sigl Foundation Inc's IRS 990 filings:
- 0% officer compensation reported for an organization of this size and asset base is highly unusual and warrants further investigation into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Al Sigl Foundation Inc:
- Consistent asset growth over a decade, from $24 million to over $36 million.
- Positive net income in most recent years, including $773,940 in 2023.
- No reported officer compensation, suggesting a high proportion of funds directed to mission.
- Strong financial reserves with assets significantly exceeding liabilities (e.g., $33M assets vs. $1.1M liabilities in 2023).
Frequently Asked Questions about Al Sigl Foundation Inc
Is Al Sigl Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Al Sigl Foundation Inc (EIN: 161544847) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Al Sigl Foundation Inc spend its money?
Al Sigl Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Al Sigl Foundation Inc tax-deductible?
Al Sigl Foundation Inc is registered as a tax-exempt nonprofit (EIN: 161544847). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Al Sigl Foundation Inc financially stable?
Yes, the Al Sigl Foundation Inc appears financially stable, with assets consistently growing from $24,027,913 in 2014 to $36,089,547 in the latest filing, and positive net income in most recent years, including $773,940 in 2023.
How does Al Sigl Foundation Inc manage executive compensation?
The IRS 990 filings consistently report 0% for officer compensation, which suggests that executive leadership is either entirely volunteer-based or compensated through a related entity, rather than directly by the foundation as reported on the 990.
Has the organization experienced significant financial fluctuations?
While revenue has fluctuated, ranging from a high of $6,147,867 in 2014 to a low of $1,724,733 in 2022, the organization has maintained consistent asset growth, indicating effective management of these fluctuations.
What is the trend in the organization's assets?
The organization's assets have shown a strong upward trend, growing from $24,027,913 in 2014 to $36,089,547 in the latest period, demonstrating long-term financial health and accumulation of resources.
Filing History
IRS 990 filing history for Al Sigl Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Al Sigl Foundation Inc's revenue has declined by 8.6%, moving from $3.6M to $3.3M. Total assets increased by 165.7% over the same period, from $12.4M to $33.1M. Total functional expenses rose by 13.5%, from $2.2M to $2.5M. In its most recent filing year (2023), Al Sigl Foundation Inc reported a surplus of $774K, with revenue exceeding expenses. The organization holds $1.1M in liabilities against $33.1M in assets (debt-to-asset ratio: 3.4%), resulting in net assets of $31.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $3.3M | $2.5M | $33.1M | $1.1M | — | — |
| 2022 | $1.7M | $2.7M | $29.8M | $1.0M | — | View 990 |
| 2021 | $2.7M | $2.1M | $36.0M | $1.2M | — | View 990 |
| 2020 | $2.8M | $1.8M | $32.4M | $1.1M | — | View 990 |
| 2019 | $2.0M | $2.1M | $29.2M | $1.1M | — | View 990 |
| 2018 | $2.1M | $2.7M | $25.8M | $1.1M | — | View 990 |
| 2017 | $3.0M | $2.7M | $28.9M | $1.0M | — | View 990 |
| 2016 | $2.4M | $2.2M | $26.4M | $1.0M | — | View 990 |
| 2015 | $5.5M | $3.5M | $24.9M | $994K | — | View 990 |
| 2014 | $6.1M | $3.8M | $24.0M | $1.2M | — | View 990 |
| 2013 | $3.9M | $4.2M | $21.0M | $290K | — | View 990 |
| 2012 | $9.1M | $1.9M | $19.4M | $514K | — | View 990 |
| 2011 | $3.6M | $2.2M | $12.4M | $627K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.3M, expenses of $2.5M, and assets of $33.1M (revenue +91.0% year-over-year).
- 2022: Revenue of $1.7M, expenses of $2.7M, and assets of $29.8M (revenue -37.0% year-over-year).
- 2021: Revenue of $2.7M, expenses of $2.1M, and assets of $36.0M (revenue -2.3% year-over-year).
- 2020: Revenue of $2.8M, expenses of $1.8M, and assets of $32.4M (revenue +40.1% year-over-year).
- 2019: Revenue of $2.0M, expenses of $2.1M, and assets of $29.2M (revenue -5.2% year-over-year).
- 2018: Revenue of $2.1M, expenses of $2.7M, and assets of $25.8M (revenue -28.9% year-over-year).
- 2017: Revenue of $3.0M, expenses of $2.7M, and assets of $28.9M (revenue +23.2% year-over-year).
- 2016: Revenue of $2.4M, expenses of $2.2M, and assets of $26.4M (revenue -56.3% year-over-year).
- 2015: Revenue of $5.5M, expenses of $3.5M, and assets of $24.9M (revenue -10.4% year-over-year).
- 2014: Revenue of $6.1M, expenses of $3.8M, and assets of $24.0M (revenue +56.0% year-over-year).
- 2013: Revenue of $3.9M, expenses of $4.2M, and assets of $21.0M (revenue -56.7% year-over-year).
- 2012: Revenue of $9.1M, expenses of $1.9M, and assets of $19.4M (revenue +152.4% year-over-year).
- 2011: Revenue of $3.6M, expenses of $2.2M, and assets of $12.4M.
Data Sources and Methodology
This transparency report for Al Sigl 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.