Gregg W And Denise E Steinhafel Family Foundation
Gregg W And Denise E Steinhafel Family Foundation consistently spends more than it earns, drawing down assets while maintaining zero officer compensation.
EIN: 203613105 · Wayzata, MN · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $345K |
| Total Expenses | $362K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $3,208,832 |
| Net Assets | $3.2M |
| Transparency Score | 85/100 |
Is Gregg W And Denise E Steinhafel Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gregg W And Denise E Steinhafel Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gregg W And Denise E Steinhafel Family Foundation
Gregg W And Denise E Steinhafel Family Foundation (EIN: 203613105) is a nonprofit organization based in Wayzata, MN, classified under NTEE code T20. The organization reported total revenue of $345K and total assets of $3.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gregg W And Denise E Steinhafel Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gregg W And Denise E Steinhafel Family Foundation is a small nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 41.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $113K |
| Total Expenses | $362K |
| Surplus / Deficit | $-249,443 |
| Total Assets | $3.2M |
| Total Liabilities | $1 |
| Net Assets | $3.2M |
| Operating Margin | -221.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 106.3 months |
Financial Health Grade: B
In 2023, Gregg W And Denise E Steinhafel Family Foundation reported a deficit of $249K with expenses exceeding revenue, holds 106.3 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), Gregg W And Denise E Steinhafel Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 41.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +28.8% | +8.9% | -7.2% |
| 2022 | -65.3% | +29.7% | -6.6% |
| 2021 | +207.1% | +2.2% | -0.1% |
| 2020 | +2.4% | +102.5% | -4.4% |
| 2019 | +29.1% | -23.9% | +57.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 Gregg W And Denise E Steinhafel Family Foundation 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, Gregg W And Denise E Steinhafel Family 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 deficit of $249K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers are not compensated, which is a highly positive sign for resource allocation and efficiency for an organization of its asset size ($3,208,832 in 2023).
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 Gregg W And Denise E Steinhafel Family Foundation's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue) in recent years, potentially drawing down the asset base unsustainably.
- Declining asset base from $3,877,666 in 2019 to $3,208,832 in 2023.
Strengths
The following positive indicators were identified for Gregg W And Denise E Steinhafel Family Foundation:
- Consistent 0% officer compensation, indicating highly efficient use of funds and strong fiscal responsibility.
- Maintains a substantial asset base ($3,208,832 in 2023) to support its mission.
- Consistent filing of IRS 990 forms, demonstrating transparency.
Frequently Asked Questions about Gregg W And Denise E Steinhafel Family Foundation
Is Gregg W And Denise E Steinhafel Family Foundation a legitimate charity?
Gregg W And Denise E Steinhafel Family Foundation (EIN: 203613105) is a registered tax-exempt nonprofit based in Minnesota. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $345K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Gregg W And Denise E Steinhafel Family Foundation spend its money?
Gregg W And Denise E Steinhafel Family Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Gregg W And Denise E Steinhafel Family Foundation tax-deductible?
Gregg W And Denise E Steinhafel Family Foundation is registered as a tax-exempt nonprofit (EIN: 203613105). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Gregg W And Denise E Steinhafel Family Foundation CEO make?
Gregg W And Denise E Steinhafel Family Foundation's highest-compensated officer earns $3,208,832 annually. The organization reported $345K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Gregg W And Denise E Steinhafel Family Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Gregg W And Denise E Steinhafel Family Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Gregg W And Denise E Steinhafel Family Foundation located?
Gregg W And Denise E Steinhafel Family Foundation is headquartered in Wayzata, Minnesota and files with the IRS under EIN 203613105. It is classified under NTEE code T20.
How many years of IRS 990 filings does Gregg W And Denise E Steinhafel Family Foundation have?
Gregg W And Denise E Steinhafel Family Foundation 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 $345K in total revenue.
Is the Gregg W And Denise E Steinhafel Family Foundation a good charity?
As a private family foundation, its primary purpose is typically to distribute grants. The consistent 0% officer compensation is a strong positive indicator of efficient resource use. While it has spent more than its revenue in recent years, it maintains substantial assets to continue its mission.
Why are expenses consistently higher than revenue for this foundation?
The foundation appears to be operating by distributing more in grants and expenses than it receives in annual revenue, drawing down its asset base. This is not uncommon for foundations that have a large endowment and choose to distribute a significant portion of their principal over time.
What is the long-term sustainability of this foundation given its spending patterns?
While the foundation has been drawing down its assets, it still holds over $3.2 million in assets as of 2023. Its long-term sustainability depends on its investment returns and future revenue generation relative to its distribution strategy. The current rate of asset decline suggests a finite lifespan if current spending patterns continue without significant new contributions or investment growth.
Filing History
IRS 990 filing history for Gregg W And Denise E Steinhafel Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Gregg W And Denise E Steinhafel Family Foundation's revenue has grown by 6582.2%, moving from $2K to $113K. Total assets increased by 82.3% over the same period, from $1.8M to $3.2M. Total functional expenses rose by 203.3%, from $119K to $362K. In its most recent filing year (2023), Gregg W And Denise E Steinhafel Family Foundation reported a deficit of $249K, with expenses exceeding revenue. The organization holds $1 in liabilities against $3.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $113K | $362K | $3.2M | $1 | — | View 990 |
| 2022 | $88K | $332K | $3.5M | $1 | — | View 990 |
| 2021 | $252K | $256K | $3.7M | $1 | — | View 990 |
| 2020 | $82K | $251K | $3.7M | $1 | — | View 990 |
| 2019 | $80K | $124K | $3.9M | $1 | — | View 990 |
| 2015 | $62K | $163K | $2.5M | $0 | — | View 990 |
| 2014 | $291K | $210K | $2.6M | $1 | — | View 990 |
| 2013 | $53K | $280K | $2.5M | $0 | — | View 990 |
| 2012 | $1.0M | $124K | $2.9M | $0 | — | View 990 |
| 2011 | $2K | $119K | $1.8M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $113K, expenses of $362K, and assets of $3.2M (revenue +28.8% year-over-year).
- 2022: Revenue of $88K, expenses of $332K, and assets of $3.5M (revenue -65.3% year-over-year).
- 2021: Revenue of $252K, expenses of $256K, and assets of $3.7M (revenue +207.1% year-over-year).
- 2020: Revenue of $82K, expenses of $251K, and assets of $3.7M (revenue +2.4% year-over-year).
- 2019: Revenue of $80K, expenses of $124K, and assets of $3.9M (revenue +29.1% year-over-year).
- 2015: Revenue of $62K, expenses of $163K, and assets of $2.5M (revenue -78.7% year-over-year).
- 2014: Revenue of $291K, expenses of $210K, and assets of $2.6M (revenue +452.1% year-over-year).
- 2013: Revenue of $53K, expenses of $280K, and assets of $2.5M (revenue -94.9% year-over-year).
- 2012: Revenue of $1.0M, expenses of $124K, and assets of $2.9M (revenue +61858.5% year-over-year).
- 2011: Revenue of $2K, expenses of $119K, and assets of $1.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gregg W And Denise E Steinhafel Family Foundation:
Data Sources and Methodology
This transparency report for Gregg W And Denise E Steinhafel Family 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.