Securing Assets For Education
Securing Assets For Education consistently operates with near-zero net assets, matching expenses to revenue, and reports no officer compensation.
EIN: 200381906 · Moncks Corner, SC · NTEE: B11 · Updated: 2026-03-28
Is Securing Assets For Education Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Securing Assets For Education directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Securing Assets For Education
Securing Assets For Education (EIN: 200381906) is a nonprofit organization based in Moncks Corner, SC, classified under NTEE code B11. The organization reported total revenue of $183.2M and total assets of $161.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Securing Assets For Education's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Securing Assets For Education with a Mission Score of 75 out of 100 (Good). 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, Securing Assets For Education 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, which is highly unusual for an organization with revenues reaching over $30 million in 2023 and assets exceeding $185 million. This suggests either a volunteer-led executive team or that executive services are provided by a related entity or through other non-direct compensation methods.
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 Securing Assets For Education's IRS 990 filings:
- Consistent near-zero net assets, which could indicate a pass-through entity or specific financial structure that warrants deeper understanding.
- 0% reported officer compensation for an organization with significant revenue and assets, which is highly unusual and requires clarification on executive management structure.
- Lack of detailed program spending breakdown in the provided summary, making it difficult to assess direct program impact without further information.
Strengths
The following positive indicators were identified for Securing Assets For Education:
- Consistent operational stability with expenses closely matching revenue, indicating responsible financial management.
- High transparency regarding executive compensation, even if the 0% figure raises questions about the operational model.
- Significant revenue generation, demonstrating the ability to attract substantial funding for its activities.
- Stable asset base, albeit largely offset by liabilities, suggesting a consistent operational scale.
Frequently Asked Questions about Securing Assets For Education
Is Securing Assets For Education a legitimate charity?
Based on AI analysis of IRS 990 filings, Securing Assets For Education (EIN: 200381906) some concerns. Mission Score: 75/100. 3 red flags identified, 4 strengths noted.
How does Securing Assets For Education spend its money?
Securing Assets For Education directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Securing Assets For Education tax-deductible?
Securing Assets For Education is registered as a tax-exempt nonprofit (EIN: 200381906). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the nature of Securing Assets For Education's assets and liabilities, given their near-equal values across multiple years?
The consistent near-equality of assets and liabilities suggests that the organization may be holding assets in a fiduciary capacity, managing funds or property on behalf of other entities or for specific, restricted purposes, rather than accumulating unrestricted organizational wealth.
How does Securing Assets For Education manage its executive functions without reporting any officer compensation?
The absence of reported officer compensation could indicate that executive leadership is entirely volunteer-based, or that executive services are provided by a related organization, or through a contractual arrangement where compensation is not classified as 'officer compensation' on the 990 form.
What specific programs does Securing Assets For Education operate, given its NTEE code B11 (Elementary & Secondary Education)?
While the NTEE code points to elementary and secondary education, the financial statements alone do not detail specific programs. Further investigation into the organization's public disclosures or program descriptions would be necessary to understand its direct educational activities.
What is the source of the significant revenue fluctuations, such as the jump from $7.7 million in 2021 to $31.7 million in 2023?
The substantial increase in revenue suggests either a significant new funding stream, a large one-time grant, or a change in the scale or nature of its operations. The 990 filings would need to be reviewed in detail to identify the specific revenue sources.
Filing History
IRS 990 filing history for Securing Assets For Education showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Securing Assets For Education's revenue has grown by 1328.3%, moving from $2.2M to $31.7M. Total assets decreased by 45.8% over the same period, from $343.4M to $186.0M. Total functional expenses rose by 104.4%, from $15.0M to $30.7M. In its most recent filing year (2023), Securing Assets For Education reported a surplus of $965K, with revenue exceeding expenses. The organization holds $186.3M in liabilities against $186.0M in assets (debt-to-asset ratio: 100.2%), resulting in net assets of $-290,932.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $31.7M | $30.7M | $186.0M | $186.3M | — | View 990 |
| 2022 | $22.8M | $22.1M | $210.1M | $210.8M | — | View 990 |
| 2021 | $7.8M | $8.4M | $221.7M | $222.4M | — | View 990 |
| 2020 | $9.5M | $9.6M | $231.9M | $232.0M | — | View 990 |
| 2019 | $9.0M | $9.1M | $233.0M | $233.0M | — | View 990 |
| 2018 | $15.3M | $15.3M | $239.2M | $239.2M | — | View 990 |
| 2017 | $15.3M | $15.3M | $245.3M | $245.3M | — | View 990 |
| 2016 | $10.0M | $10.0M | $251.2M | $251.2M | — | View 990 |
| 2015 | $9.6M | $9.6M | $256.4M | $256.4M | — | View 990 |
| 2014 | $14.8M | $14.8M | $272.6M | $272.6M | — | View 990 |
| 2013 | $14.9M | $14.9M | $290.0M | $290.0M | — | View 990 |
| 2012 | $15.0M | $15.0M | $292.4M | $292.4M | — | View 990 |
| 2011 | $1.4M | $15.0M | $343.8M | $294.2M | — | View 990 |
| 2010 | $2.2M | $15.0M | $343.4M | $295.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $31.7M, expenses of $30.7M, and assets of $186.0M (revenue +39.0% year-over-year).
- 2022: Revenue of $22.8M, expenses of $22.1M, and assets of $210.1M (revenue +193.4% year-over-year).
- 2021: Revenue of $7.8M, expenses of $8.4M, and assets of $221.7M (revenue -18.2% year-over-year).
- 2020: Revenue of $9.5M, expenses of $9.6M, and assets of $231.9M (revenue +5.4% year-over-year).
- 2019: Revenue of $9.0M, expenses of $9.1M, and assets of $233.0M (revenue -41.1% year-over-year).
- 2018: Revenue of $15.3M, expenses of $15.3M, and assets of $239.2M (revenue +0.1% year-over-year).
- 2017: Revenue of $15.3M, expenses of $15.3M, and assets of $245.3M (revenue +52.7% year-over-year).
- 2016: Revenue of $10.0M, expenses of $10.0M, and assets of $251.2M (revenue +4.3% year-over-year).
- 2015: Revenue of $9.6M, expenses of $9.6M, and assets of $256.4M (revenue -35.3% year-over-year).
- 2014: Revenue of $14.8M, expenses of $14.8M, and assets of $272.6M (revenue -0.1% year-over-year).
- 2013: Revenue of $14.9M, expenses of $14.9M, and assets of $290.0M (revenue -0.6% year-over-year).
- 2012: Revenue of $15.0M, expenses of $15.0M, and assets of $292.4M (revenue +943.8% year-over-year).
- 2011: Revenue of $1.4M, expenses of $15.0M, and assets of $343.8M (revenue -35.5% year-over-year).
- 2010: Revenue of $2.2M, expenses of $15.0M, and assets of $343.4M.
Data Sources and Methodology
This transparency report for Securing Assets For Education 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.