Robert And Rita Elmen Foundation
Robert And Rita Elmen Foundation shows strong asset growth and zero executive compensation.
EIN: 205767798 · Sioux Falls, SD · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $20.0M |
| Total Expenses | $4.0M |
| Program Spending | 95% |
| CEO/Top Officer Pay | $87 |
| Net Assets | $87.5M |
| Transparency Score | 95/100 |
Is Robert And Rita Elmen Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Robert And Rita Elmen Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Robert And Rita Elmen Foundation
Robert And Rita Elmen Foundation (EIN: 205767798) is a nonprofit organization based in Sioux Falls, SD, classified under NTEE code T20. The organization reported total revenue of $20.0M and total assets of $86.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Robert And Rita Elmen Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Robert And Rita Elmen Foundation is a large nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 30.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $13.1M |
| Total Expenses | $4.0M |
| Surplus / Deficit | +$9.1M |
| Total Assets | $87.5M |
| Total Liabilities | $1 |
| Net Assets | $87.5M |
| Operating Margin | 69.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 264.8 months |
Financial Health Grade: A
In 2023, Robert And Rita Elmen Foundation reported a surplus of $9.1M with revenue exceeding expenses, holds 264.8 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), Robert And Rita Elmen Foundation's revenue has grown at a compound annual growth rate (CAGR) of 30.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -20.9% | +148.5% | +8.5% |
| 2022 | -68.3% | +63.5% | +22.8% |
| 2021 | +6647.4% | +7.6% | +362.4% |
| 2020 | -71.9% | +15.3% | -0.7% |
| 2019 | +2252.2% | +35.7% | +26.5% |
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 Robert And Rita Elmen Foundation with a Mission Score of 95 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, Robert And Rita Elmen Foundation 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 $9.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly commendable for a foundation of this size with assets exceeding $87 million.
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.
Strengths
The following positive indicators were identified for Robert And Rita Elmen Foundation:
- Strong asset growth, from $6.6M in 2011 to $87.5M in 2023.
- Consistently reports 0% officer compensation, indicating efficient use of funds.
- Minimal liabilities ($1 in most recent filings) demonstrating excellent financial stability.
- Consistent IRS 990 filings, providing good financial transparency.
- High program spending ratio, typical for a grantmaking foundation.
Frequently Asked Questions about Robert And Rita Elmen Foundation
Is Robert And Rita Elmen Foundation a legitimate charity?
Robert And Rita Elmen Foundation (EIN: 205767798) is a registered tax-exempt nonprofit based in South Dakota. Our AI analysis gives it a Mission Score of 95/100. It has 10 years of IRS 990 filings on record. Total revenue: $20.0M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Robert And Rita Elmen Foundation spend its money?
Robert And Rita Elmen Foundation directs 95% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Robert And Rita Elmen Foundation tax-deductible?
Robert And Rita Elmen Foundation is registered as a tax-exempt nonprofit (EIN: 205767798). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Robert And Rita Elmen Foundation CEO make?
Robert And Rita Elmen Foundation's highest-compensated officer earns $87 annually. The organization reported $20.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Robert And Rita Elmen Foundation compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Robert And Rita Elmen Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Robert And Rita Elmen Foundation located?
Robert And Rita Elmen Foundation is headquartered in Sioux Falls, South Dakota and files with the IRS under EIN 205767798. It is classified under NTEE code T20.
How many years of IRS 990 filings does Robert And Rita Elmen Foundation have?
Robert And Rita Elmen 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 $20.0M in total revenue.
Is the Robert And Rita Elmen Foundation a good charity?
Based on the financial data, the Robert And Rita Elmen Foundation appears to be a very good charity. It exhibits strong financial health with significant asset growth, minimal liabilities, and a commendable practice of zero executive compensation, ensuring resources are directed towards its charitable mission.
How has the foundation's asset base changed over time?
The foundation's assets have grown substantially, from $6,667,918 in 2011 to $87,501,103 in 2023, demonstrating significant financial growth and investment success.
What is the foundation's approach to executive compensation?
The foundation consistently reports 0% officer compensation, indicating that no salaries are paid to its executives, which is a strong positive for resource allocation.
Filing History
IRS 990 filing history for Robert And Rita Elmen Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Robert And Rita Elmen Foundation's revenue has grown by 2371.4%, moving from $530K to $13.1M. Total assets increased by 1212.3% over the same period, from $6.7M to $87.5M. Total functional expenses rose by 1409.5%, from $263K to $4.0M. In its most recent filing year (2023), Robert And Rita Elmen Foundation reported a surplus of $9.1M, with revenue exceeding expenses. The organization holds $1 in liabilities against $87.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $87.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $13.1M | $4.0M | $87.5M | $1 | — | — |
| 2022 | $16.6M | $1.6M | $80.6M | $1 | — | — |
| 2021 | $52.3M | $976K | $65.7M | $1 | — | View 990 |
| 2020 | $775K | $907K | $14.2M | $1 | — | View 990 |
| 2019 | $2.8M | $787K | $14.3M | $1 | — | View 990 |
| 2015 | $117K | $580K | $11.3M | $1 | — | View 990 |
| 2014 | $1.1M | $501K | $11.8M | $1 | — | View 990 |
| 2013 | $1.0M | $519K | $11.2M | $1 | — | View 990 |
| 2012 | $1.1M | $391K | $7.4M | $0 | — | View 990 |
| 2011 | $530K | $263K | $6.7M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $13.1M, expenses of $4.0M, and assets of $87.5M (revenue -20.9% year-over-year).
- 2022: Revenue of $16.6M, expenses of $1.6M, and assets of $80.6M (revenue -68.3% year-over-year).
- 2021: Revenue of $52.3M, expenses of $976K, and assets of $65.7M (revenue +6647.4% year-over-year).
- 2020: Revenue of $775K, expenses of $907K, and assets of $14.2M (revenue -71.9% year-over-year).
- 2019: Revenue of $2.8M, expenses of $787K, and assets of $14.3M (revenue +2252.2% year-over-year).
- 2015: Revenue of $117K, expenses of $580K, and assets of $11.3M (revenue -89.6% year-over-year).
- 2014: Revenue of $1.1M, expenses of $501K, and assets of $11.8M (revenue +11.8% year-over-year).
- 2013: Revenue of $1.0M, expenses of $519K, and assets of $11.2M (revenue -8.6% year-over-year).
- 2012: Revenue of $1.1M, expenses of $391K, and assets of $7.4M (revenue +108.6% year-over-year).
- 2011: Revenue of $530K, expenses of $263K, and assets of $6.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Robert And Rita Elmen Foundation:
Data Sources and Methodology
This transparency report for Robert And Rita Elmen 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.