Elbridge Stuart Foundation
Elbridge Stuart Foundation maintains robust assets and stable expenses with 0% reported officer compensation.
EIN: 200882784 · San Francisco, CA · NTEE: T22 · Updated: 2026-03-28
Is Elbridge Stuart Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Elbridge Stuart Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Elbridge Stuart Foundation
Elbridge Stuart Foundation (EIN: 200882784) is a nonprofit organization based in San Francisco, CA, classified under NTEE code T22. The organization reported total revenue of $100.0M and total assets of $520.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Elbridge Stuart Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Elbridge Stuart Foundation is a major nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $93.7M |
| Total Expenses | $34.7M |
| Surplus / Deficit | +$59.0M |
| Total Assets | $518.1M |
| Total Liabilities | $12.4M |
| Net Assets | $505.7M |
| Operating Margin | 63.0% |
| Debt-to-Asset Ratio | 2.4% |
| Months of Reserves | 179.3 months |
Financial Health Grade: A
In 2023, Elbridge Stuart Foundation reported a surplus of $59.0M with revenue exceeding expenses, holds 179.3 months of operating reserves (strong position), has a debt-to-asset ratio of 2.4% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Elbridge Stuart Foundation's revenue has grown at a compound annual growth rate (CAGR) of 14.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +380.6% | +0.1% | +12.2% |
| 2022 | -80.2% | +1.1% | -1.8% |
| 2021 | +93.4% | -4.5% | +15.3% |
| 2020 | +85.9% | +1.6% | +2.4% |
| 2019 | -24.0% | +27.7% | +3.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Elbridge Stuart 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Elbridge Stuart Foundation 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $59.0M, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.4%.
Executive Compensation Analysis
The Elbridge Stuart Foundation consistently reports 0% officer compensation across all available filings. This indicates that no compensation is paid to officers, directors, trustees, or key employees, which is highly unusual for an organization of its size with assets exceeding $500 million and annual expenses around $35 million. This could imply a fully volunteer leadership structure or that compensation is reported under different categories not captured by 'Officer Comp' on the 990 summary.
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 Elbridge Stuart Foundation's IRS 990 filings:
- Consistent 0% officer compensation for a large foundation, which warrants further investigation into how leadership is compensated or structured.
- Significant year-over-year revenue volatility, indicating potential reliance on unpredictable funding sources or market performance.
Strengths
The following positive indicators were identified for Elbridge Stuart Foundation:
- Robust and growing asset base, exceeding $520 million, providing long-term financial stability.
- Consistently low liabilities relative to assets, indicating a healthy balance sheet.
- Stable expense levels despite revenue fluctuations, suggesting efficient operational management.
- No reported officer compensation, which could indicate a highly efficient or volunteer-led governance structure.
Frequently Asked Questions about Elbridge Stuart Foundation
Is Elbridge Stuart Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Elbridge Stuart Foundation (EIN: 200882784) some concerns. Mission Score: 90/100. 2 red flags identified, 4 strengths noted.
How does Elbridge Stuart Foundation spend its money?
Elbridge Stuart Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Elbridge Stuart Foundation tax-deductible?
Elbridge Stuart Foundation is registered as a tax-exempt nonprofit (EIN: 200882784). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does the Elbridge Stuart Foundation manage to operate with 0% reported officer compensation?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization of this scale. It suggests either a fully volunteer leadership structure, or that compensation for key personnel is categorized differently within the IRS 990, or paid by a related entity.
What is the primary source of the Elbridge Stuart Foundation's fluctuating revenue?
The significant fluctuations in revenue, from $19.49 million in 2022 to $98.48 million in 2021, suggest that the foundation may rely heavily on investment returns, large one-time grants, or a combination of both, rather than consistent program service revenue.
What is the foundation's program spending ratio?
Given the stable expenses around $30-35 million and the 0% officer compensation, it is highly probable that a very large portion of the expenses are dedicated to program services. Without detailed expense breakdowns, an estimated 90% program spending is reasonable, assuming minimal administrative overhead beyond direct program costs.
Filing History
IRS 990 filing history for Elbridge Stuart Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Elbridge Stuart Foundation's revenue has grown by 395%, moving from $18.9M to $93.7M. Total assets increased by 29.1% over the same period, from $401.3M to $518.1M. Total functional expenses rose by 21.6%, from $28.5M to $34.7M. In its most recent filing year (2023), Elbridge Stuart Foundation reported a surplus of $59.0M, with revenue exceeding expenses. The organization holds $12.4M in liabilities against $518.1M in assets (debt-to-asset ratio: 2.4%), resulting in net assets of $505.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $93.7M | $34.7M | $518.1M | $12.4M | — | — |
| 2022 | $19.5M | $34.7M | $461.5M | $14.9M | — | View 990 |
| 2021 | $98.5M | $34.3M | $470.1M | $8.3M | — | View 990 |
| 2020 | $50.9M | $35.9M | $407.8M | $10.2M | — | View 990 |
| 2019 | $27.4M | $35.3M | $398.4M | $15.8M | — | View 990 |
| 2015 | $36.0M | $27.7M | $384.9M | $4.2M | — | View 990 |
| 2014 | $37.0M | $31.0M | $379.5M | $7.2M | — | View 990 |
| 2013 | $20.3M | $31.7M | $373.5M | $7.2M | — | View 990 |
| 2012 | $19.2M | $31.6M | $377.9M | $4.2M | — | View 990 |
| 2011 | $18.9M | $28.5M | $401.3M | $3.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $93.7M, expenses of $34.7M, and assets of $518.1M (revenue +380.6% year-over-year).
- 2022: Revenue of $19.5M, expenses of $34.7M, and assets of $461.5M (revenue -80.2% year-over-year).
- 2021: Revenue of $98.5M, expenses of $34.3M, and assets of $470.1M (revenue +93.4% year-over-year).
- 2020: Revenue of $50.9M, expenses of $35.9M, and assets of $407.8M (revenue +85.9% year-over-year).
- 2019: Revenue of $27.4M, expenses of $35.3M, and assets of $398.4M (revenue -24.0% year-over-year).
- 2015: Revenue of $36.0M, expenses of $27.7M, and assets of $384.9M (revenue -2.7% year-over-year).
- 2014: Revenue of $37.0M, expenses of $31.0M, and assets of $379.5M (revenue +82.8% year-over-year).
- 2013: Revenue of $20.3M, expenses of $31.7M, and assets of $373.5M (revenue +5.3% year-over-year).
- 2012: Revenue of $19.2M, expenses of $31.6M, and assets of $377.9M (revenue +1.7% year-over-year).
- 2011: Revenue of $18.9M, expenses of $28.5M, and assets of $401.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Elbridge Stuart Foundation:
Data Sources and Methodology
This transparency report for Elbridge Stuart 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.