Glenn Degner Trust Fbo Steele County Historical Society
Glenn Degner Trust maintains stable assets and expenses with zero officer compensation, supporting the Steele County Historical Society.
EIN: 202602062 · Saint Louis, MO · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $386K |
| Total Expenses | $141K |
| Program Spending | 100% |
| Net Assets | $1.8M |
| Transparency Score | 95/100 |
Is Glenn Degner Trust Fbo Steele County Historical Society Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Glenn Degner Trust Fbo Steele County Historical Society directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Glenn Degner Trust Fbo Steele County Historical Society
Glenn Degner Trust Fbo Steele County Historical Society (EIN: 202602062) is a nonprofit organization based in Saint Louis, MO, classified under NTEE code T22. The organization reported total revenue of $386K and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Glenn Degner Trust Fbo Steele County Historical Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Glenn Degner Trust Fbo Steele County Historical Society is a small nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 7.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $282K |
| Total Expenses | $141K |
| Surplus / Deficit | +$141K |
| Total Assets | $1.8M |
| Total Liabilities | $1 |
| Net Assets | $1.8M |
| Operating Margin | 49.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 154.9 months |
Financial Health Grade: A
In 2024, Glenn Degner Trust Fbo Steele County Historical Society reported a surplus of $141K with revenue exceeding expenses, holds 154.9 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 (2012–2024), Glenn Degner Trust Fbo Steele County Historical Society's revenue has grown at a compound annual growth rate (CAGR) of 7.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +147.4% | -1.0% | +8.4% |
| 2023 | -15.7% | +16.4% | -1.7% |
| 2022 | +85.4% | +7.5% | +0.7% |
| 2021 | -35.0% | -13.9% | -3.3% |
| 2020 | +546.9% | +0.9% | -5.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Glenn Degner Trust Fbo Steele County Historical Society with a Mission Score of 95 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: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Glenn Degner Trust Fbo Steele County Historical Society allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $141K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that no officers or key employees receive salaries from the trust. This suggests a highly efficient operational model, likely relying on volunteer efforts or the trust's primary function as a grant-making entity rather than a direct service provider with salaried staff.
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 Glenn Degner Trust Fbo Steele County Historical Society:
- Consistent zero officer compensation across all filings, indicating high efficiency.
- Stable asset base, demonstrating strong financial stewardship over time.
- Minimal liabilities reported in all periods, reflecting sound financial health.
- Predictable expense levels, suggesting well-managed operational costs.
- Significant revenue in the latest period ($281,713 in 202402) compared to expenses ($141,186), indicating a healthy surplus.
Frequently Asked Questions about Glenn Degner Trust Fbo Steele County Historical Society
Is Glenn Degner Trust Fbo Steele County Historical Society a legitimate charity?
Based on AI analysis of IRS 990 filings, Glenn Degner Trust Fbo Steele County Historical Society (EIN: 202602062) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Glenn Degner Trust Fbo Steele County Historical Society spend its money?
Glenn Degner Trust Fbo Steele County Historical Society directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Glenn Degner Trust Fbo Steele County Historical Society tax-deductible?
Glenn Degner Trust Fbo Steele County Historical Society is registered as a tax-exempt nonprofit (EIN: 202602062). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Glenn Degner Trust Fbo Steele County Historical Society compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Glenn Degner Trust Fbo Steele County Historical Society 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 Glenn Degner Trust Fbo Steele County Historical Society located?
Glenn Degner Trust Fbo Steele County Historical Society is headquartered in Saint Louis, Missouri and files with the IRS under EIN 202602062. It is classified under NTEE code T22.
How many years of IRS 990 filings does Glenn Degner Trust Fbo Steele County Historical Society have?
Glenn Degner Trust Fbo Steele County Historical Society 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 $386K in total revenue.
What is the primary function of the Glenn Degner Trust Fbo Steele County Historical Society?
Based on its name and financial structure (stable assets, consistent expenses, zero officer compensation), the trust primarily functions as a supporting organization or endowment for the Steele County Historical Society, providing financial resources rather than directly operating programs.
How has the trust's asset base changed over the last decade?
The trust's assets have remained remarkably stable, fluctuating between approximately $1.68 million (202302) and $1.99 million (201402), indicating a well-managed endowment.
Is the organization financially efficient?
Yes, with consistent expenses, zero officer compensation, and minimal liabilities, the organization appears highly efficient in its financial management, focusing resources on its stated purpose.
Filing History
IRS 990 filing history for Glenn Degner Trust Fbo Steele County Historical Society showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Glenn Degner Trust Fbo Steele County Historical Society's revenue has grown by 132.4%, moving from $121K to $282K. Total assets decreased by 6.4% over the same period, from $1.9M to $1.8M. Total functional expenses rose by 10.3%, from $128K to $141K. In its most recent filing year (2024), Glenn Degner Trust Fbo Steele County Historical Society reported a surplus of $141K, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $282K | $141K | $1.8M | $1 | — | — |
| 2023 | $114K | $143K | $1.7M | $1 | — | View 990 |
| 2022 | $135K | $122K | $1.7M | $1 | — | View 990 |
| 2021 | $73K | $114K | $1.7M | $1 | — | — |
| 2020 | $112K | $132K | $1.8M | $1 | — | View 990 |
| 2016 | $17K | $131K | $1.9M | $0 | — | View 990 |
| 2015 | $97K | $138K | $2.0M | $0 | — | View 990 |
| 2014 | $159K | $119K | $2.0M | $0 | — | View 990 |
| 2013 | $135K | $126K | $2.0M | $0 | — | View 990 |
| 2012 | $121K | $128K | $1.9M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $282K, expenses of $141K, and assets of $1.8M (revenue +147.4% year-over-year).
- 2023: Revenue of $114K, expenses of $143K, and assets of $1.7M (revenue -15.7% year-over-year).
- 2022: Revenue of $135K, expenses of $122K, and assets of $1.7M (revenue +85.4% year-over-year).
- 2021: Revenue of $73K, expenses of $114K, and assets of $1.7M (revenue -35.0% year-over-year).
- 2020: Revenue of $112K, expenses of $132K, and assets of $1.8M (revenue +546.9% year-over-year).
- 2016: Revenue of $17K, expenses of $131K, and assets of $1.9M (revenue -82.2% year-over-year).
- 2015: Revenue of $97K, expenses of $138K, and assets of $2.0M (revenue -38.7% year-over-year).
- 2014: Revenue of $159K, expenses of $119K, and assets of $2.0M (revenue +17.1% year-over-year).
- 2013: Revenue of $135K, expenses of $126K, and assets of $2.0M (revenue +11.7% year-over-year).
- 2012: Revenue of $121K, expenses of $128K, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Glenn Degner Trust Fbo Steele County Historical Society:
Data Sources and Methodology
This transparency report for Glenn Degner Trust Fbo Steele County Historical Society 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.