Mary Lou Salisbury Foundation
Mary Lou Salisbury Foundation consistently spends more than it earns, drawing down assets.
EIN: 205504801 · Osage, IA · NTEE: T99 · Updated: 2026-03-28
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Mary Lou Salisbury Foundation is mapped to EIN 205504801.
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| Metric | Value |
|---|---|
| Total Revenue | $217K |
| Total Expenses | $20K |
| Program Spending | 80% |
| Net Assets | $387K |
| Transparency Score | 70/100 |
Search Intent Cockpit
Mary Lou Salisbury Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Mary Lou Salisbury Foundation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Mary Lou Salisbury Foundation in one place.
Form 990 Filing Summary
10 filing years are available, with latest revenue of $12K and expenses of $20K.
Revenue and Expenses
Mary Lou Salisbury Foundation reported $12K in revenue and $20K in expenses, a deficit of $8K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
70/100 mission score, 2 red flags, and 2 strengths are shown from structured and AI review.
Is Mary Lou Salisbury Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
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Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $16K (80%) |
Across stored filings, Mary Lou Salisbury Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 80% to programs | Excellent |
| Financial durability | Grade B | 10 stored filing years |
| Peer context | Compare with Latinas Unidas Por Un Nuevo Amanecer | Iowa and Philanthropy context |
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Mary Lou Salisbury Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mary Lou Salisbury Foundation
Mary Lou Salisbury Foundation (EIN: 205504801) is a nonprofit organization based in Osage, IA, classified under NTEE code T99. The organization reported total revenue of $217K and total assets of $376K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mary Lou Salisbury Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mary Lou Salisbury Foundation is a small 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 2.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $12K |
| Total Expenses | $20K |
| Surplus / Deficit | $-7,744 |
| Total Assets | $387K |
| Total Liabilities | $1 |
| Net Assets | $387K |
| Operating Margin | -65.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 236.7 months |
Financial Health Grade: B
In 2023, Mary Lou Salisbury Foundation reported a deficit of $8K with expenses exceeding revenue, holds 236.7 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), Mary Lou Salisbury Foundation's revenue has grown at a compound annual growth rate (CAGR) of 2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +20.4% | -39.7% | -11.9% |
| 2022 | +49.0% | -1.7% | -1.2% |
| 2021 | -21.6% | +9.9% | +1.1% |
| 2020 | -16.1% | -8.4% | +1.5% |
| 2019 | -20.5% | +2.0% | -16.3% |
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 Mary Lou Salisbury Foundation with a Mission Score of 70 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Mary Lou Salisbury Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $8K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers or key employees are receiving salaries from the foundation, which is a positive sign 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 Mary Lou Salisbury Foundation's IRS 990 filings:
- Consistent negative net income (expenses exceeding revenue) in most recent years, leading to asset depletion.
- Lack of detailed program spending information in the provided summary, making it difficult to assess direct impact.
Strengths
The following positive indicators were identified for Mary Lou Salisbury Foundation:
- Zero officer compensation reported across all filings, indicating efficient use of funds for administrative overhead.
- Low liabilities consistently reported ($0 or $1), suggesting sound financial management regarding debt.
Frequently Asked Questions about Mary Lou Salisbury Foundation
Is Mary Lou Salisbury Foundation a legitimate charity?
Mary Lou Salisbury Foundation (EIN: 205504801) is a registered tax-exempt nonprofit based in Iowa. Our AI analysis gives it a Mission Score of 70/100. It has 10 years of IRS 990 filings on record. Total revenue: $217K. 2 red flags identified. 2 strengths noted. Financial health grade: B.
How does Mary Lou Salisbury Foundation spend its money?
Mary Lou Salisbury Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Mary Lou Salisbury Foundation tax-deductible?
Mary Lou Salisbury Foundation is registered as a tax-exempt nonprofit (EIN: 205504801). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Mary Lou Salisbury Foundation's spending goes to programs?
Mary Lou Salisbury Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mary Lou Salisbury Foundation compare to similar nonprofits?
With a transparency score of 70/100 (Good), Mary Lou Salisbury Foundation is above average for NTEE category T99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mary Lou Salisbury Foundation located?
Mary Lou Salisbury Foundation is headquartered in Osage, Iowa and files with the IRS under EIN 205504801. It is classified under NTEE code T99.
How many years of IRS 990 filings does Mary Lou Salisbury Foundation have?
Mary Lou Salisbury 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 $217K in total revenue.
What specific programs or grants does the Mary Lou Salisbury Foundation support?
The provided data does not detail specific programs or grants. As a T99 NTEE code organization, it's categorized as 'Other,' suggesting a broad or unspecified philanthropic focus. Further investigation into their 990-PF filings would be necessary to identify their grant recipients.
Is the foundation's asset decline a concern for its long-term viability?
The consistent decline in assets, from $519,437 in 2012 to $386,855 in 2023, is a clear trend. If the foundation intends to operate in perpetuity, this spending pattern is unsustainable without new significant revenue streams. If it's designed to spend down its endowment over a defined period, then this trend might be intentional.
Filing History
IRS 990 filing history for Mary Lou Salisbury Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Mary Lou Salisbury Foundation's revenue has grown by 32.5%, moving from $9K to $12K. Total assets decreased by 22.6% over the same period, from $500K to $387K. Total functional expenses rose by 594.9%, from $3K to $20K. In its most recent filing year (2023), Mary Lou Salisbury Foundation reported a deficit of $8K, with expenses exceeding revenue. The organization holds $1 in liabilities against $387K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $387K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $12K | $20K | $387K | $1 | — | — |
| 2022 | $10K | $33K | $439K | $1 | — | — |
| 2021 | $7K | $33K | $445K | $1 | — | — |
| 2020 | $8K | $30K | $440K | $1 | — | — |
| 2019 | $10K | $33K | $433K | $0 | — | View 990 |
| 2015 | $13K | $32K | $518K | $1 | — | View 990 |
| 2014 | $13K | $35K | $518K | $0 | — | View 990 |
| 2013 | $11K | $8K | $518K | $0 | — | View 990 |
| 2012 | $11K | $4K | $519K | $0 | — | View 990 |
| 2011 | $9K | $3K | $500K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $12K, expenses of $20K, and assets of $387K (revenue +20.4% year-over-year).
- 2022: Revenue of $10K, expenses of $33K, and assets of $439K (revenue +49.0% year-over-year).
- 2021: Revenue of $7K, expenses of $33K, and assets of $445K (revenue -21.6% year-over-year).
- 2020: Revenue of $8K, expenses of $30K, and assets of $440K (revenue -16.1% year-over-year).
- 2019: Revenue of $10K, expenses of $33K, and assets of $433K (revenue -20.5% year-over-year).
- 2015: Revenue of $13K, expenses of $32K, and assets of $518K (revenue -2.5% year-over-year).
- 2014: Revenue of $13K, expenses of $35K, and assets of $518K (revenue +15.0% year-over-year).
- 2013: Revenue of $11K, expenses of $8K, and assets of $518K (revenue +6.1% year-over-year).
- 2012: Revenue of $11K, expenses of $4K, and assets of $519K (revenue +18.7% year-over-year).
- 2011: Revenue of $9K, expenses of $3K, and assets of $500K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mary Lou Salisbury Foundation:
Data Sources and Methodology
This transparency report for Mary Lou Salisbury 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.