Frank & Edward Skiat American
EIN: 350869076 · Michigan City, IN · NTEE: W30
| Metric | Value |
|---|---|
| Total Revenue | $781K |
| Total Expenses | $90K |
| Net Assets | $543K |
Is Frank & Edward Skiat American Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Frank & Edward Skiat American
Frank & Edward Skiat American (EIN: 350869076) is a nonprofit organization based in Michigan City, IN, classified under NTEE code W30. The organization reported total revenue of $781K and total assets of $592K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Frank & Edward Skiat American's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Frank & Edward Skiat American is a small nonprofit that has been operating for 5 years, with 8 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of 5.8%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $133K |
| Total Expenses | $90K |
| Surplus / Deficit | +$43K |
| Total Assets | $543K |
| Net Assets | $543K |
| Operating Margin | 32.3% |
| Months of Reserves | 72.2 months |
Financial Health Grade: A
In 2021, Frank & Edward Skiat American reported a surplus of $43K with revenue exceeding expenses, holds 72.2 months of operating reserves (strong position).
Financial Trends
Over 8 years of filings (2011–2021), Frank & Edward Skiat American's revenue has grown at a compound annual growth rate (CAGR) of 5.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | -34.3% | +11.1% | +7.8% |
| 2020 | +257.7% | +77.2% | +10.2% |
| 2016 | -22.0% | -6.7% | +0.4% |
| 2015 | +42.4% | +2.7% | -0.6% |
| 2014 | -19.5% | -34.1% | -0.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Frank & Edward Skiat American has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Frank & Edward Skiat American with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $43K, with revenue exceeding expenses.
Frequently Asked Questions about Frank & Edward Skiat American
Is Frank & Edward Skiat American a legitimate charity?
Frank & Edward Skiat American (EIN: 350869076) is a registered tax-exempt nonprofit based in Indiana. It has 8 years of IRS 990 filings on record. Total revenue: $781K. No red flags identified. Financial health grade: A.
How does Frank & Edward Skiat American spend its money?
Frank & Edward Skiat American reported $781K in total revenue in IRS 990 filings. 8 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Frank & Edward Skiat American tax-deductible?
Frank & Edward Skiat American is registered as a tax-exempt nonprofit (EIN: 350869076). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Frank & Edward Skiat American located?
Frank & Edward Skiat American is headquartered in Michigan City, Indiana and files with the IRS under EIN 350869076. It is classified under NTEE code W30.
How many years of IRS 990 filings does Frank & Edward Skiat American have?
Frank & Edward Skiat American has 8 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 $781K in total revenue.
Filing History
IRS 990 filing history for Frank & Edward Skiat American showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2021), Frank & Edward Skiat American's revenue has grown by 76.6%, moving from $75K to $133K. Total assets increased by 18.8% over the same period, from $457K to $543K. Total functional expenses rose by 1%, from $89K to $90K. In its most recent filing year (2021), Frank & Edward Skiat American reported a surplus of $43K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $133K | $90K | $543K | $0 | — | View 990 |
| 2020 | $203K | $81K | $504K | $0 | — | — |
| 2016 | $57K | $46K | $457K | $30K | — | View 990 |
| 2015 | $73K | $49K | $455K | $24K | — | View 990 |
| 2014 | $51K | $48K | $458K | $23K | — | View 990 |
| 2013 | $63K | $73K | $463K | $18K | — | View 990 |
| 2012 | $63K | $65K | $463K | $10K | — | View 990 |
| 2011 | $75K | $89K | $457K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $133K, expenses of $90K, and assets of $543K (revenue -34.3% year-over-year).
- 2020: Revenue of $203K, expenses of $81K, and assets of $504K (revenue +257.7% year-over-year).
- 2016: Revenue of $57K, expenses of $46K, and assets of $457K (revenue -22.0% year-over-year).
- 2015: Revenue of $73K, expenses of $49K, and assets of $455K (revenue +42.4% year-over-year).
- 2014: Revenue of $51K, expenses of $48K, and assets of $458K (revenue -19.5% year-over-year).
- 2013: Revenue of $63K, expenses of $73K, and assets of $463K (revenue +1.1% year-over-year).
- 2012: Revenue of $63K, expenses of $65K, and assets of $463K (revenue -16.9% year-over-year).
- 2011: Revenue of $75K, expenses of $89K, and assets of $457K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Frank & Edward Skiat American:
Data Sources and Methodology
This transparency report for Frank & Edward Skiat American 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.