School Settlement Association Inc

School Settlement Association Inc consistently allocates 100% of officer compensation to zero, demonstrating strong financial transparency.

EIN: 111646304 · Brooklyn, NY · NTEE: I21Z · Updated: 2026-03-28

$2.9MRevenue

$2.0MAssets

85/100Mission Score (Excellent)

I21Z

About School Settlement Association Inc

School Settlement Association Inc (EIN: 111646304) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code I21Z. The organization reported total revenue of $2.9M and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of School Settlement Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

School Settlement Association Inc demonstrates a generally stable financial trajectory, with recent years showing significant growth in revenue and expenses. In 2023, the organization reported revenues of $2,932,265 against expenses of $2,935,015, indicating that nearly all incoming funds are directly utilized for operations. The consistent reporting of 0% officer compensation across all available filings is a strong indicator of financial transparency and a commitment to directing resources towards the mission rather than executive salaries. While the organization's assets have fluctuated, they have generally increased over time, reaching $1,278,177 in 2023, providing a reasonable buffer for operations. The liability-to-asset ratio in 2023 was approximately 41% ($528,446 liabilities / $1,278,177 assets), which is manageable.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates School Settlement Association Inc 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, School Settlement Association Inc 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.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly unusual for an organization of its size, with recent revenues approaching $3 million, and suggests either a fully volunteer leadership or compensation is covered by another entity, which would warrant further investigation for complete transparency.

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 School Settlement Association Inc's IRS 990 filings:

Unusually low (0%) reported officer compensation for an organization of this size, which may obscure actual leadership costs if compensated by a related party.

Strengths

The following positive indicators were identified for School Settlement Association Inc:

Consistent utilization of nearly all revenue for expenses, as seen in 2023 ($2,932,265 revenue vs. $2,935,015 expenses), indicating efficient resource deployment.
Significant revenue growth in recent years, more than doubling from $1.34M in 2020 to $2.93M in 2023, suggesting expanding impact and funding success.
Strong transparency regarding executive compensation, reporting 0% officer compensation across all filings.
Healthy asset base, growing to $1,278,177 in 2023, providing financial stability.

Frequently Asked Questions about School Settlement Association Inc

How does School Settlement Association Inc manage to operate with 0% officer compensation?

The consistent reporting of 0% officer compensation across all filings (e.g., 202312, 202212) suggests that executive leadership may be entirely volunteer-based, compensated by a related entity, or that compensation is structured in a way not reported as officer compensation on the 990. This practice, while potentially indicating high efficiency, warrants further inquiry for full understanding.

What is the primary driver behind the significant revenue growth observed in recent years?

Revenue for School Settlement Association Inc grew from $1,341,895 in 2020 to $2,932,265 in 2023. This substantial increase, more than doubling in three years, suggests successful grant acquisition, increased program demand, or expanded service offerings. Understanding the source of this growth is key to assessing its sustainability.

Are the liabilities of $528,446 in 2023 a concern given the assets of $1,278,177?

With liabilities at approximately 41% of total assets in 2023, the organization's financial position appears stable. This ratio is generally considered manageable, indicating that the organization has sufficient assets to cover its debts.

Filing History

IRS 990 filing history for School Settlement Association Inc showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2011–2023), School Settlement Association Inc's revenue has grown by 243.8%, moving from $853K to $2.9M. Total assets increased by 103.8% over the same period, from $627K to $1.3M. Total functional expenses rose by 256.1%, from $824K to $2.9M. In its most recent filing year (2023), School Settlement Association Inc reported a deficit of $3K, with expenses exceeding revenue. The organization holds $528K in liabilities against $1.3M in assets (debt-to-asset ratio: 41.3%), resulting in net assets of $750K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$2.9M	$2.9M	$1.3M	$528K	—	—
2022	$2.5M	$2.4M	$1.4M	$613K	—	View 990
2021	$1.7M	$1.6M	$1.2M	$542K	—	View 990
2020	$1.3M	$1.4M	$1.2M	$561K	—	View 990
2019	$1.4M	$1.5M	$1.1M	$441K	—	View 990
2018	$1.6M	$1.5M	$1.1M	$490K	—	View 990
2017	$1.4M	$1.3M	$1.0M	$495K	—	View 990
2016	$581K	$578K	$855K	$366K	—	View 990
2016	$1.2M	$1.2M	$974K	$489K	—	—
2015	$992K	$1.0M	$934K	$434K	—	View 990
2014	$841K	$852K	$672K	$124K	—	View 990
2013	$757K	$757K	$656K	$97K	—	View 990
2012	$802K	$770K	$672K	$113K	—	View 990
2011	$853K	$824K	$627K	$101K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $2.9M, expenses of $2.9M, and assets of $1.3M (revenue +17.5% year-over-year).
2022: Revenue of $2.5M, expenses of $2.4M, and assets of $1.4M (revenue +50.1% year-over-year).
2021: Revenue of $1.7M, expenses of $1.6M, and assets of $1.2M (revenue +23.9% year-over-year).
2020: Revenue of $1.3M, expenses of $1.4M, and assets of $1.2M (revenue -5.5% year-over-year).
2019: Revenue of $1.4M, expenses of $1.5M, and assets of $1.1M (revenue -11.3% year-over-year).
2018: Revenue of $1.6M, expenses of $1.5M, and assets of $1.1M (revenue +16.7% year-over-year).
2017: Revenue of $1.4M, expenses of $1.3M, and assets of $1.0M (revenue +136.3% year-over-year).
2016: Revenue of $581K, expenses of $578K, and assets of $855K (revenue -51.0% year-over-year).
2016: Revenue of $1.2M, expenses of $1.2M, and assets of $974K (revenue +19.5% year-over-year).
2015: Revenue of $992K, expenses of $1.0M, and assets of $934K (revenue +18.0% year-over-year).
2014: Revenue of $841K, expenses of $852K, and assets of $672K (revenue +11.1% year-over-year).
2013: Revenue of $757K, expenses of $757K, and assets of $656K (revenue -5.7% year-over-year).
2012: Revenue of $802K, expenses of $770K, and assets of $672K (revenue -5.9% year-over-year).
2011: Revenue of $853K, expenses of $824K, and assets of $627K.

Data Sources and Methodology

This transparency report for School Settlement Association 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.