Peggy And Steve Fossett Foundation
Peggy And Steve Fossett Foundation maintains over $20 million in assets with zero reported officer compensation.
EIN: 204521801 · Chicago, IL · NTEE: U21 · Updated: 2026-03-28
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Peggy And Steve Fossett Foundation is mapped to EIN 204521801.
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90% program spend, health grade B
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| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $1.6M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $20 |
| Net Assets | $21.1M |
| Transparency Score | 92/100 |
Search Intent Cockpit
Peggy And Steve Fossett Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Peggy And Steve Fossett 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 Peggy And Steve Fossett Foundation in one place.
Form 990 Filing Summary
10 filing years are available, with latest revenue of $1.2M and expenses of $1.6M.
Revenue and Expenses
Peggy And Steve Fossett Foundation reported $1.2M in revenue and $1.6M in expenses, a deficit of $354K.
Executive Compensation
Top officer compensation appears as $20 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
92/100 mission score, 1 red flag, and 5 strengths are shown from structured and AI review.
Is Peggy And Steve Fossett Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
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 | $1.4M (90%) |
Across stored filings, Peggy And Steve Fossett Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 1 red flag identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade B | 10 stored filing years |
| Peer context | Compare with Shorefront | Illinois and Category U context |
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Peggy And Steve Fossett Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Peggy And Steve Fossett Foundation
Peggy And Steve Fossett Foundation (EIN: 204521801) is a nonprofit organization based in Chicago, IL, classified under NTEE code U21. The organization reported total revenue of $2.0M and total assets of $21.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Peggy And Steve Fossett Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Peggy And Steve Fossett Foundation is a mid-size 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 8.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.6M |
| Surplus / Deficit | $-354,154 |
| Total Assets | $21.1M |
| Total Liabilities | $1 |
| Net Assets | $21.1M |
| Operating Margin | -28.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 158.9 months |
Financial Health Grade: B
In 2023, Peggy And Steve Fossett Foundation reported a deficit of $354K with expenses exceeding revenue, holds 158.9 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), Peggy And Steve Fossett Foundation's revenue has grown at a compound annual growth rate (CAGR) of 8.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +30.6% | +1.5% | -1.6% |
| 2022 | -70.2% | -12.2% | -3.2% |
| 2021 | -36.7% | +11.6% | +7.2% |
| 2020 | +121.2% | -2.7% | +18.5% |
| 2019 | +1350.2% | +13.4% | -3.6% |
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 Peggy And Steve Fossett Foundation with a Mission Score of 92 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, Peggy And Steve Fossett 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 $354K, 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 the foundation's leadership is either entirely volunteer-based or compensated through other means not reported as officer compensation, which is highly efficient for an organization with over $20 million in assets.
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 Peggy And Steve Fossett Foundation's IRS 990 filings:
- Significant year-to-year revenue volatility (e.g., $5M in 2020 vs. $157K in 2015)
Strengths
The following positive indicators were identified for Peggy And Steve Fossett Foundation:
- Strong asset base, consistently over $20 million
- Zero reported officer compensation across all filings
- Very low liabilities, often $0 or $1
- Consistent IRS 990 filing history over a decade
- Stable expense levels despite revenue fluctuations
Frequently Asked Questions about Peggy And Steve Fossett Foundation
Is Peggy And Steve Fossett Foundation a legitimate charity?
Peggy And Steve Fossett Foundation (EIN: 204521801) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 92/100. It has 10 years of IRS 990 filings on record. Total revenue: $2.0M. 1 red flag identified. 5 strengths noted. Financial health grade: B.
How does Peggy And Steve Fossett Foundation spend its money?
Peggy And Steve Fossett Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Peggy And Steve Fossett Foundation tax-deductible?
Peggy And Steve Fossett Foundation is registered as a tax-exempt nonprofit (EIN: 204521801). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Peggy And Steve Fossett Foundation CEO make?
Peggy And Steve Fossett Foundation's highest-compensated officer earns $20 annually. The organization reported $2.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Peggy And Steve Fossett Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Peggy And Steve Fossett Foundation is above average for NTEE category U21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Peggy And Steve Fossett Foundation located?
Peggy And Steve Fossett Foundation is headquartered in Chicago, Illinois and files with the IRS under EIN 204521801. It is classified under NTEE code U21.
How many years of IRS 990 filings does Peggy And Steve Fossett Foundation have?
Peggy And Steve Fossett 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 $2.0M in total revenue.
Is the Peggy And Steve Fossett Foundation financially stable?
Yes, the foundation is highly financially stable, consistently holding over $20 million in assets, with low liabilities and stable expenses, despite fluctuating annual revenues.
How much of the foundation's money goes to executive salaries?
Based on the IRS 990 filings, 0% of the foundation's expenses are reported as officer compensation across all available periods.
Does the foundation rely on annual donations for its operations?
Given its substantial asset base and fluctuating revenues, the foundation appears to primarily operate from its endowment, rather than being heavily reliant on annual donations.
Filing History
IRS 990 filing history for Peggy And Steve Fossett Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Peggy And Steve Fossett Foundation's revenue has grown by 170.5%, moving from $459K to $1.2M. Total assets increased by 2.1% over the same period, from $20.7M to $21.1M. Total functional expenses rose by 21.1%, from $1.3M to $1.6M. In its most recent filing year (2023), Peggy And Steve Fossett Foundation reported a deficit of $354K, with expenses exceeding revenue. The organization holds $1 in liabilities against $21.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $21.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.6M | $21.1M | $1 | — | View 990 |
| 2022 | $952K | $1.6M | $21.5M | $1 | — | View 990 |
| 2021 | $3.2M | $1.8M | $22.2M | $94K | — | — |
| 2020 | $5.0M | $1.6M | $20.7M | $3K | — | — |
| 2019 | $2.3M | $1.6M | $17.5M | $142K | — | View 990 |
| 2015 | $157K | $1.5M | $18.1M | $0 | — | View 990 |
| 2014 | $637K | $1.3M | $19.4M | $0 | — | View 990 |
| 2013 | $703K | $1.3M | $20.1M | $0 | — | View 990 |
| 2012 | $1.4M | $1.4M | $20.7M | $0 | — | View 990 |
| 2011 | $459K | $1.3M | $20.7M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.6M, and assets of $21.1M (revenue +30.6% year-over-year).
- 2022: Revenue of $952K, expenses of $1.6M, and assets of $21.5M (revenue -70.2% year-over-year).
- 2021: Revenue of $3.2M, expenses of $1.8M, and assets of $22.2M (revenue -36.7% year-over-year).
- 2020: Revenue of $5.0M, expenses of $1.6M, and assets of $20.7M (revenue +121.2% year-over-year).
- 2019: Revenue of $2.3M, expenses of $1.6M, and assets of $17.5M (revenue +1350.2% year-over-year).
- 2015: Revenue of $157K, expenses of $1.5M, and assets of $18.1M (revenue -75.3% year-over-year).
- 2014: Revenue of $637K, expenses of $1.3M, and assets of $19.4M (revenue -9.4% year-over-year).
- 2013: Revenue of $703K, expenses of $1.3M, and assets of $20.1M (revenue -50.8% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.4M, and assets of $20.7M (revenue +210.8% year-over-year).
- 2011: Revenue of $459K, expenses of $1.3M, and assets of $20.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Peggy And Steve Fossett Foundation:
Data Sources and Methodology
This transparency report for Peggy And Steve Fossett 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.