City Of Seymour Facilities Building Corporation

City Of Seymour Facilities Building Corporation maintains substantial assets with fluctuating financial activity and no reported officer compensation.

EIN: 202689213 · Seymour, IN · NTEE: S99 · Updated: 2026-03-28

$691KRevenue

$10.0MAssets

75/100Mission Score (Good)

S99

About City Of Seymour Facilities Building Corporation

City Of Seymour Facilities Building Corporation (EIN: 202689213) is a nonprofit organization based in Seymour, IN, classified under NTEE code S99. The organization reported total revenue of $691K and total assets of $10.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of City Of Seymour Facilities Building Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The City Of Seymour Facilities Building Corporation appears to be a supporting organization, likely involved in managing or holding assets for the benefit of the City of Seymour. Its financial health shows significant fluctuations in revenue and expenses, particularly a large expense spike in 2022 ($4,772,012) which drastically exceeded its revenue ($134,910) for that period, leading to a temporary negative net asset position. However, the organization consistently maintains substantial assets, reaching over $10 million in the latest period, indicating a strong asset base. The organization's spending efficiency is difficult to assess in a traditional programmatic sense, as its NTEE code S99 suggests it's a 'Non-Monetary Support, N.E.C.' organization, implying its primary function might not involve direct program delivery but rather facility management or financial support. The consistent reporting of 0% officer compensation across all filings suggests a lean administrative structure or that compensation is handled by a related entity, contributing to perceived efficiency in that area. Transparency is generally good, with consistent annual filings available.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates City Of Seymour Facilities Building Corporation with a Mission Score of 75 out of 100 (Good). 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, City Of Seymour Facilities Building Corporation 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.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, suggesting that executive functions are either performed on a volunteer basis, by staff whose salaries are not categorized as officer compensation, or by employees of a related governmental entity, which is common for supporting organizations.

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 City Of Seymour Facilities Building Corporation's IRS 990 filings:

Significant expense volatility, particularly the $4.77 million expense in 2022 which far exceeded revenue, indicating potential reliance on external funding or one-time capital outlays.

Strengths

The following positive indicators were identified for City Of Seymour Facilities Building Corporation:

Consistent reporting of 0% officer compensation, suggesting efficient use of funds in administrative overhead.
Maintains substantial assets, with over $10 million in the latest period, indicating financial stability in its asset base.
Consistent IRS 990 filing history (13 filings), demonstrating good transparency and compliance.

Frequently Asked Questions about City Of Seymour Facilities Building Corporation

What is the primary purpose of the City Of Seymour Facilities Building Corporation?

Based on its NTEE code S99 (Non-Monetary Support, N.E.C.) and its name, it likely serves as a supporting organization for the City of Seymour, potentially holding or managing facilities and assets for municipal use rather than directly delivering public programs.

Why was there a significant expense spike in 2022?

In 2022, the organization reported expenses of $4,772,012 against revenue of $134,910. This large expense could indicate a major capital project, debt repayment, or a significant transfer of funds, which would warrant further investigation into the specific nature of these expenditures.

How does the organization fund its operations given the varying revenue?

The organization's revenue fluctuates significantly, from $134,910 in 2022 to $598,148 in 2023. Given its role as a building corporation for a city, its funding likely comes from municipal appropriations, bond issuances, or lease payments related to the facilities it manages.

Filing History

IRS 990 filing history for City Of Seymour Facilities Building Corporation showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), City Of Seymour Facilities Building Corporation's revenue has grown by 38.1%, moving from $433K to $598K. Total assets increased by 111.8% over the same period, from $4.7M to $9.9M. Total functional expenses rose by 69.8%, from $159K to $270K. In its most recent filing year (2023), City Of Seymour Facilities Building Corporation reported a surplus of $328K, with revenue exceeding expenses. The organization holds $9.7M in liabilities against $9.9M in assets (debt-to-asset ratio: 97.6%), resulting in net assets of $242K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$598K	$270K	$9.9M	$9.7M	—	—
2022	$135K	$4.8M	$9.7M	$9.8M	—	View 990
2021	$393K	$19K	$14.3M	$9.8M	—	View 990
2020	$430K	$26K	$4.8M	$630K	—	—
2019	$428K	$32K	$4.8M	$1.0M	—	View 990
2018	$426K	$37K	$4.8M	$1.4M	—	View 990
2017	$430K	$43K	$4.8M	$1.8M	—	View 990
2016	$365K	$113K	$4.8M	$2.2M	—	View 990
2015	$432K	$115K	$4.9M	$2.5M	—	View 990
2014	$435K	$127K	$4.7M	$2.6M	—	View 990
2013	$431K	$138K	$4.7M	$2.9M	—	View 990
2012	$433K	$149K	$4.7M	$3.2M	—	View 990
2011	$433K	$159K	$4.7M	$3.5M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $598K, expenses of $270K, and assets of $9.9M (revenue +343.4% year-over-year).
2022: Revenue of $135K, expenses of $4.8M, and assets of $9.7M (revenue -65.7% year-over-year).
2021: Revenue of $393K, expenses of $19K, and assets of $14.3M (revenue -8.7% year-over-year).
2020: Revenue of $430K, expenses of $26K, and assets of $4.8M (revenue +0.5% year-over-year).
2019: Revenue of $428K, expenses of $32K, and assets of $4.8M (revenue +0.4% year-over-year).
2018: Revenue of $426K, expenses of $37K, and assets of $4.8M (revenue -0.9% year-over-year).
2017: Revenue of $430K, expenses of $43K, and assets of $4.8M (revenue +17.8% year-over-year).
2016: Revenue of $365K, expenses of $113K, and assets of $4.8M (revenue -15.5% year-over-year).
2015: Revenue of $432K, expenses of $115K, and assets of $4.9M (revenue -0.5% year-over-year).
2014: Revenue of $435K, expenses of $127K, and assets of $4.7M (revenue +0.8% year-over-year).
2013: Revenue of $431K, expenses of $138K, and assets of $4.7M (revenue -0.3% year-over-year).
2012: Revenue of $433K, expenses of $149K, and assets of $4.7M (revenue -0.1% year-over-year).
2011: Revenue of $433K, expenses of $159K, and assets of $4.7M.

Data Sources and Methodology

This transparency report for City Of Seymour Facilities Building Corporation 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.