Edwin L And Elizabeth L Skeltonfoundation
Skeltonfoundation maintains stable asset growth with zero officer compensation.
EIN: 206960202 · Enterprise, AL · NTEE: T22 · Updated: 2026-03-28
Is Edwin L And Elizabeth L Skeltonfoundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Edwin L And Elizabeth L Skeltonfoundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Edwin L And Elizabeth L Skeltonfoundation
Edwin L And Elizabeth L Skeltonfoundation (EIN: 206960202) is a nonprofit organization based in Enterprise, AL, classified under NTEE code T22. The organization reported total revenue of $113K and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Edwin L And Elizabeth L Skeltonfoundation'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 Edwin L And Elizabeth L Skeltonfoundation 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: 90%
- fundraising: 0%
According to IRS 990 filings, Edwin L And Elizabeth L Skeltonfoundation 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
Executive compensation is reported as 0% across all available filings, indicating that the foundation's officers or trustees are not compensated, which is highly efficient for a small foundation.
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 Edwin L And Elizabeth L Skeltonfoundation:
- Consistent asset growth, reaching $1,348,825 in 2023.
- Extremely low liabilities, consistently reported as $1.
- Zero officer compensation reported across all filings, indicating high efficiency.
- Stable financial health with a surplus in recent years (e.g., $57,630 revenue vs. $44,670 expenses in 2023).
- Long history of IRS 990 filings, demonstrating transparency.
Frequently Asked Questions about Edwin L And Elizabeth L Skeltonfoundation
Is Edwin L And Elizabeth L Skeltonfoundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Edwin L And Elizabeth L Skeltonfoundation (EIN: 206960202) appears legitimate. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
How does Edwin L And Elizabeth L Skeltonfoundation spend its money?
Edwin L And Elizabeth L Skeltonfoundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Edwin L And Elizabeth L Skeltonfoundation tax-deductible?
Edwin L And Elizabeth L Skeltonfoundation is registered as a tax-exempt nonprofit (EIN: 206960202). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Edwin L And Elizabeth L Skeltonfoundation a good charity?
Based on the available data, the Skeltonfoundation appears to be a well-managed private foundation. It demonstrates strong financial stability with growing assets (e.g., $1,348,825 in 2023) and minimal liabilities. The consistent reporting of zero officer compensation is a significant positive, indicating high efficiency in leadership costs. Its 'goodness' as a charity would ultimately depend on the impact and effectiveness of the grants it distributes, which is not detailed in this summary.
How has the foundation's asset base changed over time?
The foundation's assets have shown consistent growth over the past decade. Starting from $61,022 in 2011, assets grew to $1,013,010 in 2015, and further to $1,348,825 by 2023, demonstrating long-term financial health and prudent management.
What is the foundation's approach to executive compensation?
The Edwin L And Elizabeth L Skeltonfoundation consistently reports 0% for officer compensation across all available filings. This indicates that its leadership is uncompensated, which is a strong indicator of efficiency and dedication to its mission without drawing salaries from the organization's funds.
Filing History
IRS 990 filing history for Edwin L And Elizabeth L Skeltonfoundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Edwin L And Elizabeth L Skeltonfoundation's revenue has grown by 3987.2%, moving from $1K to $58K. Total assets increased by 2110.4% over the same period, from $61K to $1.3M. Total functional expenses rose by 3165.4%, from $1K to $45K. In its most recent filing year (2023), Edwin L And Elizabeth L Skeltonfoundation reported a surplus of $13K, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $58K | $45K | $1.3M | $1 | — | — |
| 2022 | $63K | $68K | $1.2M | $1 | — | View 990 |
| 2021 | $96K | $44K | $1.4M | $1 | — | — |
| 2020 | $36K | $54K | $1.2M | $1 | — | View 990 |
| 2019 | $65K | $77K | $1.2M | $1 | — | — |
| 2015 | $56K | $62K | $1.0M | $1 | — | View 990 |
| 2014 | $61K | $71K | $1.1M | $1 | — | View 990 |
| 2013 | $877K | $73K | $1.1M | $1 | — | View 990 |
| 2012 | $27K | $5K | $91K | $1 | — | View 990 |
| 2011 | $1K | $1K | $61K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $58K, expenses of $45K, and assets of $1.3M (revenue -8.8% year-over-year).
- 2022: Revenue of $63K, expenses of $68K, and assets of $1.2M (revenue -34.3% year-over-year).
- 2021: Revenue of $96K, expenses of $44K, and assets of $1.4M (revenue +170.5% year-over-year).
- 2020: Revenue of $36K, expenses of $54K, and assets of $1.2M (revenue -45.0% year-over-year).
- 2019: Revenue of $65K, expenses of $77K, and assets of $1.2M (revenue +16.0% year-over-year).
- 2015: Revenue of $56K, expenses of $62K, and assets of $1.0M (revenue -9.1% year-over-year).
- 2014: Revenue of $61K, expenses of $71K, and assets of $1.1M (revenue -93.0% year-over-year).
- 2013: Revenue of $877K, expenses of $73K, and assets of $1.1M (revenue +3114.7% year-over-year).
- 2012: Revenue of $27K, expenses of $5K, and assets of $91K (revenue +1833.9% year-over-year).
- 2011: Revenue of $1K, expenses of $1K, and assets of $61K.
Data Sources and Methodology
This transparency report for Edwin L And Elizabeth L Skeltonfoundation 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.