Barbara Ann Steel Charitable Foundation
Barbara Ann Steel Charitable Foundation maintains strong assets and low liabilities with no reported officer compensation.
EIN: 202928424 · Chicago, IL · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $649K |
| Program Spending | 95% |
| Net Assets | $2.1M |
| Transparency Score | 90/100 |
Is Barbara Ann Steel Charitable Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Barbara Ann Steel Charitable Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Barbara Ann Steel Charitable Foundation
Barbara Ann Steel Charitable Foundation (EIN: 202928424) is a nonprofit organization based in Chicago, IL, classified under NTEE code T20. The organization reported total revenue of $1.5M and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Barbara Ann Steel Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Barbara Ann Steel Charitable Foundation is a mid-size nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 167.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $670K |
| Total Expenses | $649K |
| Surplus / Deficit | +$21K |
| Total Assets | $2.1M |
| Total Liabilities | $84 |
| Net Assets | $2.1M |
| Operating Margin | 3.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 38.2 months |
Financial Health Grade: A
In 2023, Barbara Ann Steel Charitable Foundation reported a surplus of $21K with revenue exceeding expenses, holds 38.2 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), Barbara Ann Steel Charitable Foundation's revenue has grown at a compound annual growth rate (CAGR) of 167.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -21.7% | +18.7% | -10.7% |
| 2022 | +25.0% | -5.3% | -3.2% |
| 2021 | +114.9% | -1.5% | +4.7% |
| 2020 | -90.3% | -14.8% | -10.6% |
| 2019 | +1231.3% | +1529.1% | +26.6% |
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 Barbara Ann Steel Charitable Foundation with a Mission Score of 90 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Barbara Ann Steel Charitable Foundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 surplus of $21K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly favorable for directing funds to charitable activities.
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.
Strengths
The following positive indicators were identified for Barbara Ann Steel Charitable Foundation:
- Consistently strong asset base, exceeding $2 million in recent years.
- Extremely low liabilities, indicating strong financial stability.
- 0% reported officer compensation across all filings, maximizing funds for programs.
- Positive net income in most recent periods (e.g., $20,542 in 2023, $308,706 in 2022).
- Significant revenue generation, with latest revenue at $1,525,073.
Frequently Asked Questions about Barbara Ann Steel Charitable Foundation
Is Barbara Ann Steel Charitable Foundation a legitimate charity?
Barbara Ann Steel Charitable Foundation (EIN: 202928424) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 90/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.5M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Barbara Ann Steel Charitable Foundation spend its money?
Barbara Ann Steel Charitable Foundation directs 95% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Barbara Ann Steel Charitable Foundation tax-deductible?
Barbara Ann Steel Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 202928424). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Barbara Ann Steel Charitable Foundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Barbara Ann Steel Charitable Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Barbara Ann Steel Charitable Foundation located?
Barbara Ann Steel Charitable Foundation is headquartered in Chicago, Illinois and files with the IRS under EIN 202928424. It is classified under NTEE code T20.
How many years of IRS 990 filings does Barbara Ann Steel Charitable Foundation have?
Barbara Ann Steel Charitable 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 $1.5M in total revenue.
Is Barbara Ann Steel Charitable Foundation a good charity?
Based on the available data, the Barbara Ann Steel Charitable Foundation appears to be a very good charity. It consistently maintains strong assets, low liabilities, and reports 0% officer compensation, suggesting a high proportion of funds are directed towards its mission. Its financial health is robust, and its operational efficiency is high.
How does the foundation manage its expenses?
The foundation generally manages its expenses effectively. For example, in 2023, expenses were $649,197 against $669,739 in revenue, demonstrating that it operates within its means. The absence of officer compensation further indicates a lean operational structure.
What is the trend in the foundation's assets?
The foundation's assets have been consistently strong, generally above $2 million in recent years, peaking at $2,558,214 in 2019 and standing at $2,324,261 in the latest filing. This indicates a stable and growing financial base.
Filing History
IRS 990 filing history for Barbara Ann Steel Charitable Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Barbara Ann Steel Charitable Foundation's revenue has grown by 13394680%, moving from $5 to $670K. Total assets increased by 18861.5% over the same period, from $11K to $2.1M. Total functional expenses rose by 107205.3%, from $605 to $649K. In its most recent filing year (2023), Barbara Ann Steel Charitable Foundation reported a surplus of $21K, with revenue exceeding expenses. The organization holds $84 in liabilities against $2.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $670K | $649K | $2.1M | $84 | — | View 990 |
| 2022 | $856K | $547K | $2.3M | $63 | — | View 990 |
| 2021 | $685K | $578K | $2.4M | $42 | — | View 990 |
| 2020 | $318K | $586K | $2.3M | $42 | — | View 990 |
| 2019 | $3.3M | $688K | $2.6M | $3K | — | View 990 |
| 2015 | $247K | $42K | $2.0M | $960K | — | View 990 |
| 2014 | $870K | $4K | $2.0M | $1.1M | — | View 990 |
| 2013 | $5K | $990 | $14K | $1 | — | View 990 |
| 2012 | $4 | $821 | $10K | $1 | — | View 990 |
| 2011 | $5 | $605 | $11K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $670K, expenses of $649K, and assets of $2.1M (revenue -21.7% year-over-year).
- 2022: Revenue of $856K, expenses of $547K, and assets of $2.3M (revenue +25.0% year-over-year).
- 2021: Revenue of $685K, expenses of $578K, and assets of $2.4M (revenue +114.9% year-over-year).
- 2020: Revenue of $318K, expenses of $586K, and assets of $2.3M (revenue -90.3% year-over-year).
- 2019: Revenue of $3.3M, expenses of $688K, and assets of $2.6M (revenue +1231.3% year-over-year).
- 2015: Revenue of $247K, expenses of $42K, and assets of $2.0M (revenue -71.6% year-over-year).
- 2014: Revenue of $870K, expenses of $4K, and assets of $2.0M (revenue +17282.9% year-over-year).
- 2013: Revenue of $5K, expenses of $990, and assets of $14K (revenue +125000.0% year-over-year).
- 2012: Revenue of $4, expenses of $821, and assets of $10K (revenue -20.0% year-over-year).
- 2011: Revenue of $5, expenses of $605, and assets of $11K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Barbara Ann Steel Charitable Foundation:
Data Sources and Methodology
This transparency report for Barbara Ann Steel Charitable 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.