Mary Kathryn Snider Charitable Remainder Unitrust
Mary Kathryn Snider Charitable Remainder Unitrust consistently spends more than its annual revenue, drawing from a declining asset base.
EIN: 10837020 · Stapleton, AL · NTEE: T22 · Updated: 2026-03-27
Is Mary Kathryn Snider Charitable Remainder Unitrust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mary Kathryn Snider Charitable Remainder Unitrust directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mary Kathryn Snider Charitable Remainder Unitrust
Mary Kathryn Snider Charitable Remainder Unitrust (EIN: 10837020) is a nonprofit organization based in Stapleton, AL, classified under NTEE code T22. The organization reported total revenue of $46K and total assets of $505K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mary Kathryn Snider Charitable Remainder Unitrust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mary Kathryn Snider Charitable Remainder Unitrust is a micro nonprofit that has been operating for 20 years, with 9 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $23K |
| Total Expenses | $66K |
| Surplus / Deficit | $-42,985 |
| Total Assets | $553K |
| Total Liabilities | $1 |
| Net Assets | $553K |
| Operating Margin | -184.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 100.1 months |
Financial Health Grade: B
In 2023, Mary Kathryn Snider Charitable Remainder Unitrust reported a deficit of $43K with expenses exceeding revenue, holds 100.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2023), Mary Kathryn Snider Charitable Remainder Unitrust's revenue has grown at a compound annual growth rate (CAGR) of 5.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -122.3% | -8.6% | -11.4% |
| 2021 | -92.1% | +41.0% | -6.6% |
| 2020 | +1847.8% | +5.4% | +72.4% |
| 2019 | +48.9% | +9.8% | -20.5% |
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 Mary Kathryn Snider Charitable Remainder Unitrust with a Mission Score of 75 out of 100 (Good). 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, Mary Kathryn Snider Charitable Remainder Unitrust 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 $43K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no executives or officers are paid, which is typical for a charitable remainder unitrust.
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 Mary Kathryn Snider Charitable Remainder Unitrust's IRS 990 filings:
- Consistent expenses exceeding revenue, potentially drawing down principal faster than anticipated.
- Significant fluctuations in annual revenue, including negative revenue in some years (e.g., $-6,297 in 2022).
Strengths
The following positive indicators were identified for Mary Kathryn Snider Charitable Remainder Unitrust:
- Zero officer compensation reported, indicating efficient use of funds without executive overhead.
- Minimal liabilities ($1 in recent years), suggesting strong financial stability in terms of debt.
- Maintains a substantial asset base ($505,248) despite consistent distributions.
Frequently Asked Questions about Mary Kathryn Snider Charitable Remainder Unitrust
Is Mary Kathryn Snider Charitable Remainder Unitrust a legitimate charity?
Based on AI analysis of IRS 990 filings, Mary Kathryn Snider Charitable Remainder Unitrust (EIN: 10837020) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Mary Kathryn Snider Charitable Remainder Unitrust spend its money?
Mary Kathryn Snider Charitable Remainder Unitrust directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mary Kathryn Snider Charitable Remainder Unitrust tax-deductible?
Mary Kathryn Snider Charitable Remainder Unitrust is registered as a tax-exempt nonprofit (EIN: 10837020). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the primary purpose of a Charitable Remainder Unitrust like this one?
A Charitable Remainder Unitrust (CRUT) provides income to one or more beneficiaries for a specified term (life or a period up to 20 years), after which the remaining assets are distributed to a designated charity. The trust's spending exceeding revenue, as seen in periods like 2023 ($66,304 expenses vs. $23,319 revenue), is consistent with its function of making distributions to beneficiaries.
Why does the trust frequently report expenses higher than revenue?
This is typical for a CRUT. The trust is designed to pay out a fixed percentage of its assets annually to beneficiaries. These payouts are recorded as expenses. When investment returns (revenue) are lower than the required payout percentage, the trust draws from its principal to meet its obligations, leading to expenses exceeding revenue, as observed in most filing periods.
Is the declining asset base a concern?
The asset base has declined from a high of $719,141 in 2020 to $505,248 currently. While a decline, it's expected for a CRUT as it makes distributions over time. The rate of decline and the remaining term of the trust would determine if it's a significant concern for the ultimate charitable remainder.
Filing History
IRS 990 filing history for Mary Kathryn Snider Charitable Remainder Unitrust showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2023), Mary Kathryn Snider Charitable Remainder Unitrust's revenue has grown by 98.8%, moving from $12K to $23K. Total assets increased by 4.3% over the same period, from $530K to $553K. Total functional expenses rose by 53.6%, from $43K to $66K. In its most recent filing year (2023), Mary Kathryn Snider Charitable Remainder Unitrust reported a deficit of $43K, with expenses exceeding revenue. The organization holds $1 in liabilities against $553K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $553K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $23K | $66K | $553K | $1 | — | — |
| 2022 | $-6,297 | $69K | $595K | $1 | — | — |
| 2021 | $28K | $76K | $672K | $1 | — | — |
| 2020 | $356K | $54K | $719K | $1 | — | View 990 |
| 2019 | $18K | $51K | $417K | $1 | — | View 990 |
| 2015 | $12K | $46K | $525K | $1 | — | View 990 |
| 2014 | $119K | $49K | $562K | $1 | — | View 990 |
| 2012 | $-4,669 | $43K | $481K | $0 | — | View 990 |
| 2011 | $12K | $43K | $530K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $23K, expenses of $66K, and assets of $553K.
- 2022: Revenue of $-6,297, expenses of $69K, and assets of $595K (revenue -122.3% year-over-year).
- 2021: Revenue of $28K, expenses of $76K, and assets of $672K (revenue -92.1% year-over-year).
- 2020: Revenue of $356K, expenses of $54K, and assets of $719K (revenue +1847.8% year-over-year).
- 2019: Revenue of $18K, expenses of $51K, and assets of $417K (revenue +48.9% year-over-year).
- 2015: Revenue of $12K, expenses of $46K, and assets of $525K (revenue -89.7% year-over-year).
- 2014: Revenue of $119K, expenses of $49K, and assets of $562K.
- 2012: Revenue of $-4,669, expenses of $43K, and assets of $481K (revenue -139.8% year-over-year).
- 2011: Revenue of $12K, expenses of $43K, and assets of $530K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mary Kathryn Snider Charitable Remainder Unitrust:
Data Sources and Methodology
This transparency report for Mary Kathryn Snider Charitable Remainder Unitrust 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.