Peter & Nancy Salter Family Foundation Inc
Peter & Nancy Salter Family Foundation consistently distributes assets for charitable purposes with no executive compensation.
EIN: 201828772 · Phoenix, AZ · NTEE: T20 · Updated: 2026-03-28
Is Peter & Nancy Salter Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Peter & Nancy Salter Family Foundation Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Peter & Nancy Salter Family Foundation Inc
Peter & Nancy Salter Family Foundation Inc (EIN: 201828772) is a nonprofit organization based in Phoenix, AZ, classified under NTEE code T20. The organization reported total revenue of $1.1M and total assets of $9.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Peter & Nancy Salter Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Peter & Nancy Salter Family Foundation Inc is a mid-size 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 13.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $990K |
| Total Expenses | $609K |
| Surplus / Deficit | +$381K |
| Total Assets | $8.4M |
| Total Liabilities | $1 |
| Net Assets | $8.4M |
| Operating Margin | 38.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 166.5 months |
Financial Health Grade: A
In 2023, Peter & Nancy Salter Family Foundation Inc reported a surplus of $381K with revenue exceeding expenses, holds 166.5 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), Peter & Nancy Salter Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 13.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +49.8% | -88.8% | +4.7% |
| 2022 | +168.2% | +573.5% | -37.1% |
| 2020 | -130.9% | +115.7% | -11.4% |
| 2019 | -78.7% | -18.4% | -13.4% |
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 Peter & Nancy Salter Family Foundation Inc 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Peter & Nancy Salter Family Foundation Inc 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $381K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filing periods, indicating that no salaries or benefits are paid to its officers, which is highly efficient for a foundation of its 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 Peter & Nancy Salter Family Foundation Inc's IRS 990 filings:
- Significant decline in assets over time, though this is common for grant-making foundations
Strengths
The following positive indicators were identified for Peter & Nancy Salter Family Foundation Inc:
- 0% officer compensation across all filing periods
- Consistently low liabilities ($1)
- Active grant-making indicated by consistent expenses
- Strong financial transparency with consistent IRS 990 filings
- Healthy operational surplus in the latest filing period (202312)
Frequently Asked Questions about Peter & Nancy Salter Family Foundation Inc
Is Peter & Nancy Salter Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Peter & Nancy Salter Family Foundation Inc (EIN: 201828772) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Peter & Nancy Salter Family Foundation Inc spend its money?
Peter & Nancy Salter Family Foundation Inc directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Peter & Nancy Salter Family Foundation Inc tax-deductible?
Peter & Nancy Salter Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 201828772). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Peter & Nancy Salter Family Foundation Inc a good charity?
Yes, based on the available data, it appears to be a very good charity. It consistently reports 0% officer compensation, minimal liabilities ($1), and actively distributes funds, as evidenced by its expenses relative to assets, indicating a strong focus on its mission.
Why have the assets decreased significantly over time?
The decrease in assets from $17,432,995 in 2015 to $8,447,217 in 2023 is typical for a private family foundation that is actively making grants and distributing its corpus over time, rather than perpetually growing its endowment. This indicates active philanthropic giving.
What is the organization's spending efficiency?
The organization demonstrates high spending efficiency, with 0% officer compensation and consistently low liabilities. The majority of its expenses are directed towards its programmatic activities, as is typical for a grant-making foundation.
Filing History
IRS 990 filing history for Peter & Nancy Salter Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Peter & Nancy Salter Family Foundation Inc's revenue has grown by 334.4%, moving from $228K to $990K. Total assets decreased by 51.4% over the same period, from $17.4M to $8.4M. Total functional expenses fell by 75.6%, from $2.5M to $609K. In its most recent filing year (2023), Peter & Nancy Salter Family Foundation Inc reported a surplus of $381K, with revenue exceeding expenses. The organization holds $1 in liabilities against $8.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $8.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $990K | $609K | $8.4M | $1 | — | View 990 |
| 2022 | $660K | $5.4M | $8.1M | $1 | — | View 990 |
| 2021 | $246K | $804K | $12.8M | $1 | — | View 990 |
| 2020 | $-91,886 | $1.6M | $13.4M | $1 | — | View 990 |
| 2019 | $297K | $758K | $15.1M | $1 | — | View 990 |
| 2015 | $1.4M | $929K | $17.4M | $1 | — | View 990 |
| 2014 | $2.1M | $954K | $17.1M | $1 | — | View 990 |
| 2013 | $1.2M | $1.3M | $16.0M | $1 | — | View 990 |
| 2012 | $47K | $993K | $16.4M | $1 | — | View 990 |
| 2011 | $228K | $2.5M | $17.4M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $990K, expenses of $609K, and assets of $8.4M (revenue +49.8% year-over-year).
- 2022: Revenue of $660K, expenses of $5.4M, and assets of $8.1M (revenue +168.2% year-over-year).
- 2021: Revenue of $246K, expenses of $804K, and assets of $12.8M.
- 2020: Revenue of $-91,886, expenses of $1.6M, and assets of $13.4M (revenue -130.9% year-over-year).
- 2019: Revenue of $297K, expenses of $758K, and assets of $15.1M (revenue -78.7% year-over-year).
- 2015: Revenue of $1.4M, expenses of $929K, and assets of $17.4M (revenue -34.5% year-over-year).
- 2014: Revenue of $2.1M, expenses of $954K, and assets of $17.1M (revenue +82.4% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.3M, and assets of $16.0M (revenue +2378.1% year-over-year).
- 2012: Revenue of $47K, expenses of $993K, and assets of $16.4M (revenue -79.3% year-over-year).
- 2011: Revenue of $228K, expenses of $2.5M, and assets of $17.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Peter & Nancy Salter Family Foundation Inc:
Data Sources and Methodology
This transparency report for Peter & Nancy Salter Family Foundation Inc 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.