Sami Foundation Inc
EIN: 260293822 · Kenner, LA · NTEE: T22
| Metric | Value |
|---|---|
| Total Revenue | $1 |
| Total Expenses | $130 |
| Net Assets | $671 |
Is Sami Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Sami Foundation Inc
Sami Foundation Inc (EIN: 260293822) is a nonprofit organization based in Kenner, LA, classified under NTEE code T22. The organization reported total revenue of $1 and total assets of $672 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sami Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sami Foundation Inc is a micro nonprofit that has been operating for 19 years, with 6 years of IRS 990 filings on record (2011–2019). Revenue has grown at a compound annual rate of -61.3%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $1 |
| Total Expenses | $130 |
| Surplus / Deficit | $-129 |
| Total Assets | $672 |
| Total Liabilities | $1 |
| Net Assets | $671 |
| Operating Margin | -12900.0% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 62.0 months |
Financial Health Grade: B
In 2019, Sami Foundation Inc reported a deficit of $129 with expenses exceeding revenue, holds 62.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 6 years of filings (2011–2019), Sami Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -61.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | +0.0% | -81.0% | -86.1% |
| 2015 | -99.9% | -84.8% | -12.4% |
| 2014 | -66.9% | — | -37.0% |
| 2013 | -46.1% | -100.0% | +75.5% |
| 2012 | +250.0% | +50.0% | +400.0% |
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 Analysis Pending
AI enrichment for Sami Foundation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Sami Foundation Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $129, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Frequently Asked Questions about Sami Foundation Inc
Is Sami Foundation Inc a legitimate charity?
Sami Foundation Inc (EIN: 260293822) is a registered tax-exempt nonprofit based in Louisiana. It has 6 years of IRS 990 filings on record. Total revenue: $1. No red flags identified. Financial health grade: B.
How does Sami Foundation Inc spend its money?
Sami Foundation Inc reported $1 in total revenue in IRS 990 filings. 6 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Sami Foundation Inc tax-deductible?
Sami Foundation Inc is registered as a tax-exempt nonprofit (EIN: 260293822). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Sami Foundation Inc located?
Sami Foundation Inc is headquartered in Kenner, Louisiana and files with the IRS under EIN 260293822. It is classified under NTEE code T22.
How many years of IRS 990 filings does Sami Foundation Inc have?
Sami Foundation Inc has 6 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 $1 in total revenue.
Filing History
IRS 990 filing history for Sami Foundation Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2019), Sami Foundation Inc's revenue has declined by 100%, moving from $2K to $1. Total assets decreased by 32.8% over the same period, from $1K to $672. Total functional expenses fell by 93.5%, from $2K to $130. In its most recent filing year (2019), Sami Foundation Inc reported a deficit of $129, with expenses exceeding revenue. The organization holds $1 in liabilities against $672 in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $671.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $1 | $130 | $672 | $1 | — | View 990 |
| 2015 | $1 | $683 | $5K | $1 | — | View 990 |
| 2014 | $1K | $5K | $6K | $1 | — | View 990 |
| 2013 | $4K | $0 | $9K | $1 | — | View 990 |
| 2012 | $7K | $3K | $5K | $1 | — | View 990 |
| 2011 | $2K | $2K | $1K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $1, expenses of $130, and assets of $672 (revenue +0.0% year-over-year).
- 2015: Revenue of $1, expenses of $683, and assets of $5K (revenue -99.9% year-over-year).
- 2014: Revenue of $1K, expenses of $5K, and assets of $6K (revenue -66.9% year-over-year).
- 2013: Revenue of $4K, expenses of $0, and assets of $9K (revenue -46.1% year-over-year).
- 2012: Revenue of $7K, expenses of $3K, and assets of $5K (revenue +250.0% year-over-year).
- 2011: Revenue of $2K, expenses of $2K, and assets of $1K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sami Foundation Inc:
Data Sources and Methodology
This transparency report for Sami 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.