Gene A Salmon Charitable Trust
Gene A Salmon Charitable Trust consistently operates with minimal liabilities and no officer compensation, frequently distributing more than its annual revenue.
EIN: 207135495 · Champaign, IL · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.3M |
| Total Expenses | $740K |
| Program Spending | 90% |
| Net Assets | $6.8M |
| Transparency Score | 85/100 |
Is Gene A Salmon Charitable Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gene A Salmon Charitable Trust directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gene A Salmon Charitable Trust
Gene A Salmon Charitable Trust (EIN: 207135495) is a nonprofit organization based in Champaign, IL, classified under NTEE code T22. The organization reported total revenue of $5.3M and total assets of $8.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gene A Salmon Charitable Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gene A Salmon Charitable Trust is a mid-size nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $622K |
| Total Expenses | $740K |
| Surplus / Deficit | $-117,462 |
| Total Assets | $6.8M |
| Total Liabilities | $1 |
| Net Assets | $6.8M |
| Operating Margin | -18.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 110.1 months |
Financial Health Grade: B
In 2023, Gene A Salmon Charitable Trust reported a deficit of $117K with expenses exceeding revenue, holds 110.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Gene A Salmon Charitable Trust's revenue has grown at a compound annual growth rate (CAGR) of 5.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +73.2% | +5.3% | -2.1% |
| 2022 | -60.9% | +20.7% | -4.6% |
| 2021 | +169.2% | +3.7% | +4.9% |
| 2020 | +43.0% | +0.6% | -3.1% |
| 2019 | -4.4% | +0.4% | -15.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Gene A Salmon Charitable Trust 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, Gene A Salmon Charitable Trust 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 deficit of $117K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Gene A Salmon Charitable Trust consistently reports 0% officer compensation across all available filings, indicating that no executive salaries are paid from the trust's funds, which is highly favorable for resource allocation.
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 Gene A Salmon Charitable Trust's IRS 990 filings:
- Consistent annual expenses exceeding revenue in multiple periods (e.g., 2023, 2022, 2020, 2019, 2015, 2011), which could lead to asset erosion if not offset by investment gains.
- Lack of detailed expense breakdown in the provided data makes it difficult to precisely determine the program spending ratio versus administrative costs.
Strengths
The following positive indicators were identified for Gene A Salmon Charitable Trust:
- Zero officer compensation reported across all filings, indicating highly efficient use of funds for charitable purposes.
- Consistently low liabilities (often $0 or $1), demonstrating strong financial management and stability.
- Substantial asset base (e.g., $8,473,193 latest assets) provides a strong foundation for sustained charitable giving.
- Consistent filing of IRS Form 990s, indicating transparency and compliance.
Frequently Asked Questions about Gene A Salmon Charitable Trust
Is Gene A Salmon Charitable Trust a legitimate charity?
Gene A Salmon Charitable Trust (EIN: 207135495) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $5.3M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Gene A Salmon Charitable Trust spend its money?
Gene A Salmon Charitable Trust directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Gene A Salmon Charitable Trust tax-deductible?
Gene A Salmon Charitable Trust is registered as a tax-exempt nonprofit (EIN: 207135495). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Gene A Salmon Charitable Trust compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Gene A Salmon Charitable Trust is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Gene A Salmon Charitable Trust located?
Gene A Salmon Charitable Trust is headquartered in Champaign, Illinois and files with the IRS under EIN 207135495. It is classified under NTEE code T22.
How many years of IRS 990 filings does Gene A Salmon Charitable Trust have?
Gene A Salmon Charitable Trust has 10 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 $5.3M in total revenue.
What specific programs or organizations does the Gene A Salmon Charitable Trust support?
The provided data does not detail the specific beneficiaries or programs supported by the trust. Further investigation into their 990-PF filings (if applicable) or public disclosures would be needed to identify their grant recipients.
How does the trust manage its investment portfolio to sustain its distributions?
While the trust consistently holds significant assets (e.g., $6,789,054 in 2023), the filings do not provide details on its investment strategy or returns. The frequent expenditure exceeding revenue suggests reliance on investment income and/or principal distributions.
What are the administrative costs associated with managing the trust's assets and distributions?
Without a detailed expense breakdown, it's difficult to pinpoint exact administrative costs. However, the 0% officer compensation suggests that internal administrative overhead is very low, likely limited to professional fees for asset management, legal, and accounting services.
Filing History
IRS 990 filing history for Gene A Salmon Charitable Trust showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Gene A Salmon Charitable Trust's revenue has grown by 87.4%, moving from $332K to $622K. Total assets decreased by 19.7% over the same period, from $8.5M to $6.8M. Total functional expenses rose by 42.7%, from $518K to $740K. In its most recent filing year (2023), Gene A Salmon Charitable Trust reported a deficit of $117K, with expenses exceeding revenue. The organization holds $1 in liabilities against $6.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $6.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $622K | $740K | $6.8M | $1 | — | — |
| 2022 | $359K | $702K | $6.9M | $1 | — | View 990 |
| 2021 | $920K | $582K | $7.3M | $1 | — | View 990 |
| 2020 | $342K | $561K | $6.9M | $1 | — | View 990 |
| 2019 | $239K | $557K | $7.1M | $1 | — | View 990 |
| 2015 | $250K | $555K | $8.5M | $0 | — | View 990 |
| 2014 | $710K | $553K | $8.8M | $0 | — | View 990 |
| 2013 | $737K | $529K | $8.6M | $0 | — | View 990 |
| 2012 | $621K | $538K | $8.4M | $0 | — | View 990 |
| 2011 | $332K | $518K | $8.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $622K, expenses of $740K, and assets of $6.8M (revenue +73.2% year-over-year).
- 2022: Revenue of $359K, expenses of $702K, and assets of $6.9M (revenue -60.9% year-over-year).
- 2021: Revenue of $920K, expenses of $582K, and assets of $7.3M (revenue +169.2% year-over-year).
- 2020: Revenue of $342K, expenses of $561K, and assets of $6.9M (revenue +43.0% year-over-year).
- 2019: Revenue of $239K, expenses of $557K, and assets of $7.1M (revenue -4.4% year-over-year).
- 2015: Revenue of $250K, expenses of $555K, and assets of $8.5M (revenue -64.8% year-over-year).
- 2014: Revenue of $710K, expenses of $553K, and assets of $8.8M (revenue -3.7% year-over-year).
- 2013: Revenue of $737K, expenses of $529K, and assets of $8.6M (revenue +18.7% year-over-year).
- 2012: Revenue of $621K, expenses of $538K, and assets of $8.4M (revenue +87.0% year-over-year).
- 2011: Revenue of $332K, expenses of $518K, and assets of $8.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gene A Salmon Charitable Trust:
Data Sources and Methodology
This transparency report for Gene A Salmon Charitable Trust 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.