Leo J Signaigo Charitable Trust

Leo J Signaigo Charitable Trust consistently spends more than its annual revenue, drawing down on its asset base.

EIN: 208062519 · Welch, WV · NTEE: T22 · Updated: 2026-03-28

$150KRevenue

$874KAssets

85/100Mission Score (Excellent)

T22

About Leo J Signaigo Charitable Trust

Leo J Signaigo Charitable Trust (EIN: 208062519) is a nonprofit organization based in Welch, WV, classified under NTEE code T22. The organization reported total revenue of $150K and total assets of $874K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Leo J Signaigo Charitable Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Leo J Signaigo Charitable Trust demonstrates consistent financial activity, primarily operating as a grant-making organization. Its financial health appears stable, with assets consistently above $850,000 in recent years, reaching $856,015 in 2023. However, the trust has frequently reported expenses exceeding revenue, such as in 2023 where expenses were $131,320 against revenues of $84,645, indicating it is drawing down on its asset base or relying on prior period gains. This trend of deficit spending is visible in most recent filings, including 2022 ($96,551 expenses vs $91,933 revenue) and 2021 ($126,913 expenses vs $110,125 revenue).

Spending efficiency is difficult to fully assess without a detailed breakdown of expenses beyond the summary 990 data. However, as a charitable trust, its primary function is often direct grant-making, which is inherently program-focused. The consistent reporting of 0% officer compensation across all available filings is a strong indicator of efficient use of funds, as it suggests minimal overhead for executive salaries. This lack of compensation also points to a high degree of volunteerism or very lean administrative structure.

Transparency is generally good, with 10 filings publicly available. The consistent reporting of liabilities as $1 in many periods (e.g., 2023, 2022, 2015, 2014, 2013, 2012) suggests a very low debt burden, which is a positive sign. The NTEE code T22 (Private Grantmaking Foundations) aligns with its operational profile. Overall, while the trust frequently spends more than it earns annually, its substantial asset base provides a buffer, and its lack of executive compensation is a significant positive for efficiency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Leo J Signaigo 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: 5%
programs: 95%
fundraising: 0%

According to IRS 990 filings, Leo J Signaigo Charitable Trust allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers. This suggests a highly efficient, likely volunteer-led, administrative structure for an organization with assets around $850,000.

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 Leo J Signaigo Charitable Trust's IRS 990 filings:

Consistent annual expenses exceeding revenue, leading to asset depletion (e.g., 2023: $131,320 expenses vs $84,645 revenue)
Long-term decline in total assets from $1.8M in 2011 to $856K in 2023

Strengths

The following positive indicators were identified for Leo J Signaigo Charitable Trust:

0% officer compensation reported across all filings, indicating high efficiency and volunteer support
Very low liabilities, often reported as $1, demonstrating strong financial management and minimal debt
Consistent grant-making activity as a private foundation (NTEE T22)
Substantial asset base ($856,015 in 2023) providing financial stability

Frequently Asked Questions about Leo J Signaigo Charitable Trust

Is Leo J Signaigo Charitable Trust a good charity?

Based on the available data, the trust appears to be a good charity in terms of efficiency and program focus. It consistently reports 0% officer compensation, meaning funds are not diverted to executive salaries. Its primary function as a grant-making foundation (NTEE T22) suggests direct charitable impact. However, it frequently spends more than its annual revenue, which could be a concern for long-term sustainability if not managed by strategic asset drawdowns.

What is the trend in the trust's assets?

The trust's assets have shown a declining trend over the long term, from $1,819,484 in 2011 to $856,015 in 2023. This decline is consistent with the pattern of expenses often exceeding revenue, indicating the trust is utilizing its principal to fund its charitable activities.

How does the trust manage its liabilities?

The trust maintains extremely low liabilities, frequently reporting only $1 in many periods (e.g., 2023, 2022). This indicates a very strong financial position with minimal debt burden.

Filing History

IRS 990 filing history for Leo J Signaigo Charitable Trust showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Leo J Signaigo Charitable Trust's revenue has grown by 296.3%, moving from $21K to $85K. Total assets decreased by 53% over the same period, from $1.8M to $856K. Total functional expenses rose by 67.5%, from $78K to $131K. In its most recent filing year (2023), Leo J Signaigo Charitable Trust reported a deficit of $47K, with expenses exceeding revenue. The organization holds $1 in liabilities against $856K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $856K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$85K	$131K	$856K	$1	—	View 990
2022	$92K	$97K	$903K	$1	—	View 990
2021	$110K	$127K	$910K	$3K	—	—
2020	$115K	$136K	$984K	$60K	—	View 990
2019	$156K	$145K	$1.0M	$88K	—	View 990
2015	$108K	$103K	$1.3M	$1	—	View 990
2014	$58K	$75K	$1.3M	$1	—	View 990
2013	$47K	$97K	$1.3M	$1	—	View 990
2012	$-323,825	$89K	$1.4M	$1	—	View 990
2011	$21K	$78K	$1.8M	$18K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $85K, expenses of $131K, and assets of $856K (revenue -7.9% year-over-year).
2022: Revenue of $92K, expenses of $97K, and assets of $903K (revenue -16.5% year-over-year).
2021: Revenue of $110K, expenses of $127K, and assets of $910K (revenue -4.5% year-over-year).
2020: Revenue of $115K, expenses of $136K, and assets of $984K (revenue -26.1% year-over-year).
2019: Revenue of $156K, expenses of $145K, and assets of $1.0M (revenue +44.2% year-over-year).
2015: Revenue of $108K, expenses of $103K, and assets of $1.3M (revenue +87.8% year-over-year).
2014: Revenue of $58K, expenses of $75K, and assets of $1.3M (revenue +22.7% year-over-year).
2013: Revenue of $47K, expenses of $97K, and assets of $1.3M.
2012: Revenue of $-323,825, expenses of $89K, and assets of $1.4M (revenue -1616.1% year-over-year).
2011: Revenue of $21K, expenses of $78K, and assets of $1.8M.

Data Sources and Methodology

This transparency report for Leo J Signaigo 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.