Salt Ventures Nfp
Salt Ventures Nfp consistently operates near break-even with no officer compensation and minimal assets.
EIN: 208991904 · Wheaton, IL · NTEE: T50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $482K |
| Total Expenses | $471K |
| Program Spending | 90% |
| Net Assets | $19K |
| Transparency Score | 85/100 |
Is Salt Ventures Nfp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Salt Ventures Nfp directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Salt Ventures Nfp
Salt Ventures Nfp (EIN: 208991904) is a nonprofit organization based in Wheaton, IL, classified under NTEE code T50. The organization reported total revenue of $482K and total assets of $7K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Salt Ventures Nfp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Salt Ventures Nfp is a small nonprofit that has been operating for 18 years, with 14 years of IRS 990 filings on record (2000–2023). Revenue has grown at a compound annual rate of 3.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $471K |
| Total Expenses | $471K |
| Surplus / Deficit | +$57 |
| Total Assets | $19K |
| Net Assets | $19K |
| Operating Margin | 0.0% |
| Months of Reserves | 0.5 months |
Financial Health Grade: B
In 2023, Salt Ventures Nfp reported a surplus of $57 with revenue exceeding expenses, holds 0.5 months of operating reserves (limited).
Financial Trends
Over 14 years of filings (2000–2023), Salt Ventures Nfp's revenue has grown at a compound annual growth rate (CAGR) of 3.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.5% | -4.1% | +0.3% |
| 2022 | +3.4% | +9.8% | -64.8% |
| 2021 | +15.5% | +16.3% | -11.3% |
| 2020 | +27.8% | +38.0% | -11.8% |
| 2019 | -26.3% | -26.4% | +38.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Salt Ventures Nfp with a Mission Score of 85 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Salt Ventures Nfp allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 surplus of $57, with revenue exceeding expenses.
Executive Compensation Analysis
Salt Ventures Nfp consistently reports 0% officer compensation across all available filings, indicating that no executive salaries are paid from the organization's funds, which is highly unusual for an organization of its revenue size and suggests a volunteer-led or externally funded leadership structure.
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 Salt Ventures Nfp's IRS 990 filings:
- Very low asset base relative to annual revenue, potentially limiting long-term resilience or capacity for growth (e.g., $19,446 assets vs. $470,927 revenue in 2023).
Strengths
The following positive indicators were identified for Salt Ventures Nfp:
- Consistent reporting of 0% officer compensation across all filings, indicating strong commitment to mission spending.
- Expenses consistently align closely with revenue, demonstrating efficient use of funds (e.g., $470,870 expenses vs. $470,927 revenue in 2023).
- No reported liabilities in recent years, indicating a debt-free financial position.
- Consistent revenue growth over the past decade, showing sustained donor support and operational expansion.
- Long and consistent IRS 990 filing history (14 filings), suggesting good governance and transparency.
Frequently Asked Questions about Salt Ventures Nfp
Is Salt Ventures Nfp a legitimate charity?
Salt Ventures Nfp (EIN: 208991904) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $482K. 1 red flag identified. 5 strengths noted. Financial health grade: B.
How does Salt Ventures Nfp spend its money?
Salt Ventures Nfp directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Salt Ventures Nfp tax-deductible?
Salt Ventures Nfp is registered as a tax-exempt nonprofit (EIN: 208991904). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Salt Ventures Nfp's spending goes to programs?
Salt Ventures Nfp directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Salt Ventures Nfp compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Salt Ventures Nfp is above average for NTEE category T50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Salt Ventures Nfp located?
Salt Ventures Nfp is headquartered in Wheaton, Illinois and files with the IRS under EIN 208991904. It is classified under NTEE code T50.
How many years of IRS 990 filings does Salt Ventures Nfp have?
Salt Ventures Nfp has 14 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 $482K in total revenue.
Is Salt Ventures Nfp financially stable?
Yes, Salt Ventures Nfp appears financially stable, consistently operating near break-even with revenues closely matching expenses. For example, in 2023, revenue was $470,927 and expenses were $470,870. However, it maintains very low assets relative to its revenue, which could limit its long-term resilience.
How does Salt Ventures Nfp manage executive compensation?
Salt Ventures Nfp reports 0% officer compensation in all available IRS 990 filings, indicating that no salaries are paid to its officers, which is a strong positive for donor confidence and mission focus.
What is Salt Ventures Nfp's asset base?
Salt Ventures Nfp maintains a very low asset base relative to its annual revenue. The latest reported assets are $7,348, and in 2023, assets were $19,446, which is minimal for an organization with nearly $500,000 in annual revenue.
Does Salt Ventures Nfp have any liabilities?
Salt Ventures Nfp has consistently reported $0 in liabilities in most recent filings (2023, 2022, 2021, 2020, 2019, 2018), indicating a strong financial position free of debt.
How has Salt Ventures Nfp's revenue trended over time?
Salt Ventures Nfp has shown a consistent upward trend in revenue, growing from $161,571 in 2013 to $470,927 in 2023, demonstrating sustained growth and donor support.
Filing History
IRS 990 filing history for Salt Ventures Nfp showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2000–2023), Salt Ventures Nfp's revenue has grown by 137.8%, moving from $198K to $471K. Total assets increased by 0.6% over the same period, from $19K to $19K. Total functional expenses rose by 147.3%, from $190K to $471K. In its most recent filing year (2023), Salt Ventures Nfp reported a surplus of $57, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $471K | $471K | $19K | $0 | — | — |
| 2022 | $455K | $491K | $19K | $0 | — | — |
| 2021 | $440K | $447K | $55K | $0 | — | View 990 |
| 2020 | $381K | $385K | $62K | $0 | — | View 990 |
| 2019 | $298K | $279K | $70K | $0 | — | View 990 |
| 2018 | $405K | $379K | $51K | $0 | — | View 990 |
| 2016 | $205K | $198K | $25K | $2K | — | View 990 |
| 2015 | $210K | $197K | $16K | $0 | — | View 990 |
| 2014 | $194K | $196K | $3K | $0 | — | View 990 |
| 2013 | $162K | $167K | $21K | $0 | — | — |
| 2011 | $227K | $220K | $32K | $5K | — | View 990 |
| 2010 | $198K | $190K | $19K | $0 | — | View 990 |
| 2009 | $209K | $226K | $12K | $0 | — | View 990 |
| 2000 | $198K | $190K | $19K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $471K, expenses of $471K, and assets of $19K (revenue +3.5% year-over-year).
- 2022: Revenue of $455K, expenses of $491K, and assets of $19K (revenue +3.4% year-over-year).
- 2021: Revenue of $440K, expenses of $447K, and assets of $55K (revenue +15.5% year-over-year).
- 2020: Revenue of $381K, expenses of $385K, and assets of $62K (revenue +27.8% year-over-year).
- 2019: Revenue of $298K, expenses of $279K, and assets of $70K (revenue -26.3% year-over-year).
- 2018: Revenue of $405K, expenses of $379K, and assets of $51K (revenue +97.8% year-over-year).
- 2016: Revenue of $205K, expenses of $198K, and assets of $25K (revenue -2.8% year-over-year).
- 2015: Revenue of $210K, expenses of $197K, and assets of $16K (revenue +8.6% year-over-year).
- 2014: Revenue of $194K, expenses of $196K, and assets of $3K (revenue +19.9% year-over-year).
- 2013: Revenue of $162K, expenses of $167K, and assets of $21K (revenue -28.8% year-over-year).
- 2011: Revenue of $227K, expenses of $220K, and assets of $32K (revenue +14.7% year-over-year).
- 2010: Revenue of $198K, expenses of $190K, and assets of $19K (revenue -5.4% year-over-year).
- 2009: Revenue of $209K, expenses of $226K, and assets of $12K (revenue +5.8% year-over-year).
- 2000: Revenue of $198K, expenses of $190K, and assets of $19K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Salt Ventures Nfp:
Data Sources and Methodology
This transparency report for Salt Ventures Nfp 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.