Erik Thune Tr U D 68470 00 Mellon Bank De N A
Erik Thune Trust maintains stable $15M+ assets despite volatile revenue and consistent expenses.
EIN: 136096739 · Pittsburgh, PA · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.1M |
| Total Expenses | $894K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $15 |
| Net Assets | $15.6M |
| Transparency Score | 70/100 |
Is Erik Thune Tr U D 68470 00 Mellon Bank De N A Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Erik Thune Tr U D 68470 00 Mellon Bank De N A directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Erik Thune Tr U D 68470 00 Mellon Bank De N A
Erik Thune Tr U D 68470 00 Mellon Bank De N A (EIN: 136096739) is a nonprofit organization based in Pittsburgh, PA. The organization reported total revenue of $5.1M and total assets of $15.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Erik Thune Tr U D 68470 00 Mellon Bank De N A's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Erik Thune Tr U D 68470 00 Mellon Bank De N A is a mid-size nonprofit, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 25.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $894K |
| Surplus / Deficit | +$250K |
| Total Assets | $15.6M |
| Total Liabilities | $1 |
| Net Assets | $15.6M |
| Operating Margin | 21.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 209.9 months |
Financial Health Grade: A
In 2023, Erik Thune Tr U D 68470 00 Mellon Bank De N A reported a surplus of $250K with revenue exceeding expenses, holds 209.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 5 years of filings (2019–2023), Erik Thune Tr U D 68470 00 Mellon Bank De N A's revenue has grown at a compound annual growth rate (CAGR) of 25.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +525.3% | -4.5% | +1.7% |
| 2022 | -89.4% | +12.3% | -4.7% |
| 2020 | -147.0% | +1.8% | -6.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
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 Erik Thune Tr U D 68470 00 Mellon Bank De N A with a Mission Score of 70 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Erik Thune Tr U D 68470 00 Mellon Bank De N A allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $250K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all filings, indicating that no officers receive compensation from the organization, which is highly unusual for an entity with over $15 million in assets and annual expenses approaching $1 million. This suggests that the trust may be managed by uncompensated trustees or a corporate trustee whose fees are categorized differently.
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 Erik Thune Tr U D 68470 00 Mellon Bank De N A's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) makes efficiency assessment difficult.
- Unknown NTEE code and mission statement limit understanding of purpose.
- Highly volatile revenue, including negative revenue in 2020, indicates reliance on market-dependent income.
- Consistent $1 liability is unusual and warrants further investigation into accounting practices.
Strengths
The following positive indicators were identified for Erik Thune Tr U D 68470 00 Mellon Bank De N A:
- Extremely strong asset base of over $15 million, indicating long-term financial stability.
- Consistently low liabilities ($1), suggesting minimal financial risk.
- 0% officer compensation reported, which can be viewed positively for donor trust.
- Stable expense levels despite revenue volatility, suggesting controlled spending.
Frequently Asked Questions about Erik Thune Tr U D 68470 00 Mellon Bank De N A
Is Erik Thune Tr U D 68470 00 Mellon Bank De N A a legitimate charity?
Based on AI analysis of IRS 990 filings, Erik Thune Tr U D 68470 00 Mellon Bank De N A (EIN: 136096739) some concerns. Mission Score: 70/100. 4 red flags identified, 4 strengths noted.
How does Erik Thune Tr U D 68470 00 Mellon Bank De N A spend its money?
Erik Thune Tr U D 68470 00 Mellon Bank De N A directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Erik Thune Tr U D 68470 00 Mellon Bank De N A tax-deductible?
Erik Thune Tr U D 68470 00 Mellon Bank De N A is registered as a tax-exempt nonprofit (EIN: 136096739). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Erik Thune Tr U D 68470 00 Mellon Bank De N A CEO make?
Erik Thune Tr U D 68470 00 Mellon Bank De N A's highest-compensated officer earns $15 annually. The organization reported $5.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Erik Thune Tr U D 68470 00 Mellon Bank De N A's spending goes to programs?
Erik Thune Tr U D 68470 00 Mellon Bank De N A directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Erik Thune Tr U D 68470 00 Mellon Bank De N A located?
Erik Thune Tr U D 68470 00 Mellon Bank De N A is headquartered in Pittsburgh, Pennsylvania and files with the IRS under EIN 136096739.
How many years of IRS 990 filings does Erik Thune Tr U D 68470 00 Mellon Bank De N A have?
Erik Thune Tr U D 68470 00 Mellon Bank De N A has 5 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 $5.1M in total revenue.
What is the specific mission or purpose of the Erik Thune Tr U D 68470 00 Mellon Bank De N A?
The provided data does not specify the mission or program activities of the trust, making it difficult to assess its impact or alignment with charitable goals. The NTEE code is unknown, which further limits understanding of its operational focus.
How are the consistent annual expenses of approximately $800,000-$900,000 allocated without any officer compensation?
Without detailed expense categories, it's unclear how these funds are spent. Given the 0% officer compensation, these expenses likely cover grants, administrative overhead, investment management fees, or other operational costs not related to direct executive salaries.
Why does the organization report $1 in liabilities consistently across all filings?
The consistent reporting of $1 in liabilities is highly unusual and suggests either a specific accounting practice for trusts or that the organization has virtually no outstanding financial obligations, indicating strong financial stability.
What caused the significant revenue fluctuations, including negative revenue in 2020?
The volatile revenue, particularly the negative revenue of $-218,113 in 2020, likely indicates that the trust's primary income source is investment returns, which can fluctuate significantly with market conditions. Negative revenue could result from investment losses exceeding other income.
Is the Erik Thune Tr U D 68470 00 Mellon Bank De N A primarily a grant-making organization?
Given its stable asset base, consistent expenses, and lack of detailed program spending, it is plausible that this organization operates as a grant-making private foundation, distributing funds to other nonprofits, though this cannot be confirmed without more detailed expense breakdowns.
Filing History
IRS 990 filing history for Erik Thune Tr U D 68470 00 Mellon Bank De N A showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Erik Thune Tr U D 68470 00 Mellon Bank De N A's revenue has grown by 146.6%, moving from $464K to $1.1M. Total assets decreased by 4% over the same period, from $16.3M to $15.6M. Total functional expenses rose by 15.5%, from $774K to $894K. In its most recent filing year (2023), Erik Thune Tr U D 68470 00 Mellon Bank De N A reported a surplus of $250K, with revenue exceeding expenses. The organization holds $1 in liabilities against $15.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $15.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $894K | $15.6M | $1 | — | View 990 |
| 2022 | $183K | $935K | $15.4M | $1 | — | View 990 |
| 2021 | $1.7M | $833K | $16.1M | $1 | — | View 990 |
| 2020 | $-218,113 | $788K | $15.2M | $1 | — | View 990 |
| 2019 | $464K | $774K | $16.3M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $894K, and assets of $15.6M (revenue +525.3% year-over-year).
- 2022: Revenue of $183K, expenses of $935K, and assets of $15.4M (revenue -89.4% year-over-year).
- 2021: Revenue of $1.7M, expenses of $833K, and assets of $16.1M.
- 2020: Revenue of $-218,113, expenses of $788K, and assets of $15.2M (revenue -147.0% year-over-year).
- 2019: Revenue of $464K, expenses of $774K, and assets of $16.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Erik Thune Tr U D 68470 00 Mellon Bank De N A:
Data Sources and Methodology
This transparency report for Erik Thune Tr U D 68470 00 Mellon Bank De N A 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.