Mike And Sharon Seelye Family Foundation
Mike And Sharon Seelye Family Foundation consistently spends more than it earns, drawing down assets.
EIN: 200488026 · Kalamazoo, MI · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $356K |
| Total Expenses | $181K |
| Program Spending | 90% |
| Net Assets | $192K |
| Transparency Score | 75/100 |
Is Mike And Sharon Seelye Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mike And Sharon Seelye Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mike And Sharon Seelye Family Foundation
Mike And Sharon Seelye Family Foundation (EIN: 200488026) is a nonprofit organization based in Kalamazoo, MI, classified under NTEE code T22. The organization reported total revenue of $356K and total assets of $229K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mike And Sharon Seelye Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mike And Sharon Seelye Family Foundation is a small nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 15.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $156K |
| Total Expenses | $181K |
| Surplus / Deficit | $-24,654 |
| Total Assets | $205K |
| Total Liabilities | $12K |
| Net Assets | $192K |
| Operating Margin | -15.8% |
| Debt-to-Asset Ratio | 6.1% |
| Months of Reserves | 13.6 months |
Financial Health Grade: B
In 2023, Mike And Sharon Seelye Family Foundation reported a deficit of $25K with expenses exceeding revenue, holds 13.6 months of operating reserves (strong position), has a debt-to-asset ratio of 6.1% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Mike And Sharon Seelye Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 15.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +104.3% | +71.6% | +0.6% |
| 2022 | +80.4% | +14.8% | -9.9% |
| 2021 | -55.5% | -14.5% | -18.0% |
| 2020 | +31.2% | +30.9% | -4.2% |
| 2019 | +53.3% | +54.5% | -12.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Mike And Sharon Seelye Family Foundation 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, Mike And Sharon Seelye 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 $25K, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.1%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the foundation's leadership operates on a volunteer basis, which is highly efficient for a small organization of this size.
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 Mike And Sharon Seelye Family Foundation's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) in most recent years
- Declining asset base over the past decade (from $335,864 in 2013 to $204,763 in 2023)
Strengths
The following positive indicators were identified for Mike And Sharon Seelye Family Foundation:
- Zero executive compensation, indicating high efficiency in leadership costs
- Long history of IRS 990 filings (10 filings), demonstrating transparency
- Likely high program spending ratio given the nature of a private grantmaking foundation and no officer compensation
Frequently Asked Questions about Mike And Sharon Seelye Family Foundation
Is Mike And Sharon Seelye Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Mike And Sharon Seelye Family Foundation (EIN: 200488026) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Mike And Sharon Seelye Family Foundation spend its money?
Mike And Sharon Seelye Family Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mike And Sharon Seelye Family Foundation tax-deductible?
Mike And Sharon Seelye Family Foundation is registered as a tax-exempt nonprofit (EIN: 200488026). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Mike And Sharon Seelye Family Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Mike And Sharon Seelye Family Foundation 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 Mike And Sharon Seelye Family Foundation located?
Mike And Sharon Seelye Family Foundation is headquartered in Kalamazoo, Michigan and files with the IRS under EIN 200488026. It is classified under NTEE code T22.
How many years of IRS 990 filings does Mike And Sharon Seelye Family Foundation have?
Mike And Sharon Seelye 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 $356K in total revenue.
Is the Mike And Sharon Seelye Family Foundation financially sustainable given its spending patterns?
The foundation has consistently spent more than its revenue in recent years (e.g., $180,876 expenses vs. $156,222 revenue in 2023), leading to a decline in assets from $335,864 in 2013 to $204,763 in 2023. This trend suggests a potential long-term sustainability concern if not addressed.
What are the primary causes for the decline in assets?
The decline in assets appears to be primarily driven by expenses consistently exceeding revenues. For example, in 2023, expenses were $24,654 higher than revenue, directly contributing to the asset reduction.
How does the lack of officer compensation impact the foundation's efficiency?
The consistent reporting of 0% officer compensation across all filings significantly enhances the foundation's operational efficiency, as it means more of its financial resources are available for its charitable purpose rather than executive salaries.
What is the foundation's NTEE code and what does it imply about its activities?
The NTEE code T22 indicates that the Mike And Sharon Seelye Family Foundation is a Private Grantmaking Foundation, meaning its primary activity is providing grants to other organizations or individuals to further charitable causes.
Filing History
IRS 990 filing history for Mike And Sharon Seelye Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Mike And Sharon Seelye Family Foundation's revenue has grown by 466.6%, moving from $28K to $156K. Total assets decreased by 37.8% over the same period, from $329K to $205K. Total functional expenses rose by 579%, from $27K to $181K. In its most recent filing year (2023), Mike And Sharon Seelye Family Foundation reported a deficit of $25K, with expenses exceeding revenue. The organization holds $12K in liabilities against $205K in assets (debt-to-asset ratio: 6.1%), resulting in net assets of $192K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $156K | $181K | $205K | $12K | — | View 990 |
| 2022 | $76K | $105K | $204K | $7K | — | View 990 |
| 2021 | $42K | $92K | $226K | $1 | — | View 990 |
| 2020 | $95K | $107K | $275K | $1 | — | View 990 |
| 2019 | $73K | $82K | $288K | $1 | — | View 990 |
| 2015 | $47K | $53K | $327K | $1 | — | View 990 |
| 2014 | $32K | $34K | $333K | $1 | — | View 990 |
| 2013 | $42K | $33K | $336K | $0 | — | View 990 |
| 2012 | $25K | $26K | $327K | $0 | — | View 990 |
| 2011 | $28K | $27K | $329K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $156K, expenses of $181K, and assets of $205K (revenue +104.3% year-over-year).
- 2022: Revenue of $76K, expenses of $105K, and assets of $204K (revenue +80.4% year-over-year).
- 2021: Revenue of $42K, expenses of $92K, and assets of $226K (revenue -55.5% year-over-year).
- 2020: Revenue of $95K, expenses of $107K, and assets of $275K (revenue +31.2% year-over-year).
- 2019: Revenue of $73K, expenses of $82K, and assets of $288K (revenue +53.3% year-over-year).
- 2015: Revenue of $47K, expenses of $53K, and assets of $327K (revenue +49.5% year-over-year).
- 2014: Revenue of $32K, expenses of $34K, and assets of $333K (revenue -23.7% year-over-year).
- 2013: Revenue of $42K, expenses of $33K, and assets of $336K (revenue +68.7% year-over-year).
- 2012: Revenue of $25K, expenses of $26K, and assets of $327K (revenue -10.7% year-over-year).
- 2011: Revenue of $28K, expenses of $27K, and assets of $329K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mike And Sharon Seelye Family Foundation:
Data Sources and Methodology
This transparency report for Mike And Sharon Seelye 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.