Seevers Family Foundation
Seevers Family Foundation consistently operates with zero officer compensation, maintaining substantial assets while experiencing fluctuating annual expenses relative to revenue.
EIN: 133437890 · Westport, CT · Updated: 2026-03-28
Is Seevers Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Seevers Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Seevers Family Foundation
Seevers Family Foundation (EIN: 133437890) is a nonprofit organization based in Westport, CT. The organization reported total revenue of $2.1M and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Seevers Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Seevers Family Foundation is a mid-size nonprofit that has been operating for 37 years, with 11 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -9.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $127K |
| Total Expenses | $301K |
| Surplus / Deficit | $-174,043 |
| Total Assets | $2.1M |
| Total Liabilities | $1 |
| Net Assets | $2.1M |
| Operating Margin | -137.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 85.7 months |
Financial Health Grade: B
In 2024, Seevers Family Foundation reported a deficit of $174K with expenses exceeding revenue, holds 85.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2024), Seevers Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -9.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +23.1% | +252.7% | -7.5% |
| 2023 | -1.1% | +1075.9% | +0.8% |
| 2022 | -3.1% | -86.2% | +4.4% |
| 2021 | +128.7% | -20.7% | +2.5% |
| 2020 | -81.3% | -24.9% | -0.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
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 Seevers Family Foundation 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Seevers Family Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $174K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Seevers Family Foundation consistently reports 0% officer compensation across all available filings, indicating that its leadership is either uncompensated or volunteers their time, which is highly favorable for maximizing funds directed towards its mission.
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 Seevers Family Foundation's IRS 990 filings:
- NTEE Code is unknown, which limits understanding of specific programmatic focus.
Strengths
The following positive indicators were identified for Seevers Family Foundation:
- Consistent zero officer compensation, indicating high efficiency in leadership costs.
- Strong asset base, consistently over $1.8 million, providing financial stability.
- Excellent filing history with 11 IRS 990 forms, demonstrating transparency.
- Low liabilities, consistently reported as $0 or $1, indicating sound financial management.
Frequently Asked Questions about Seevers Family Foundation
Is Seevers Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Seevers Family Foundation (EIN: 133437890) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Seevers Family Foundation spend its money?
Seevers Family Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Seevers Family Foundation tax-deductible?
Seevers Family Foundation is registered as a tax-exempt nonprofit (EIN: 133437890). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Seevers Family Foundation a good charity?
As a private family foundation, its primary purpose is typically to distribute grants to other charitable organizations. Given its consistent asset base, zero officer compensation, and regular grant-making (implied by expenses), it appears to be a well-managed entity fulfilling its philanthropic purpose efficiently.
What is the primary source of the foundation's revenue?
Based on the nature of a family foundation and the consistent revenue figures, it is highly probable that the primary source of revenue is investment income from its substantial asset base, rather than public fundraising.
Why do expenses sometimes exceed revenue?
It is common for private foundations to strategically spend more than their annual revenue in certain years, drawing down from their endowment or accumulated assets to fulfill grant commitments or increase their philanthropic impact. This is observed in 2024 ($300,650 expenses vs. $126,607 revenue) and 2015 ($209,352 expenses vs. $160,713 revenue).
Filing History
IRS 990 filing history for Seevers Family Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2024), Seevers Family Foundation's revenue has declined by 71.2%, moving from $440K to $127K. Total assets decreased by 13% over the same period, from $2.5M to $2.1M. Total functional expenses rose by 38.6%, from $217K to $301K. In its most recent filing year (2024), Seevers Family Foundation reported a deficit of $174K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $127K | $301K | $2.1M | $1 | — | — |
| 2023 | $103K | $85K | $2.3M | $1 | — | View 990 |
| 2022 | $104K | $7K | $2.3M | $1 | — | View 990 |
| 2021 | $107K | $53K | $2.2M | $1 | — | — |
| 2020 | $47K | $66K | $2.2M | $1 | — | View 990 |
| 2019 | $250K | $88K | $2.2M | $0 | — | — |
| 2015 | $161K | $209K | $2.4M | $0 | — | View 990 |
| 2014 | $395K | $387K | $2.4M | $0 | — | View 990 |
| 2013 | $192K | $178K | $2.4M | $0 | — | View 990 |
| 2012 | $47K | $128K | $2.4M | $0 | — | View 990 |
| 2011 | $440K | $217K | $2.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $127K, expenses of $301K, and assets of $2.1M (revenue +23.1% year-over-year).
- 2023: Revenue of $103K, expenses of $85K, and assets of $2.3M (revenue -1.1% year-over-year).
- 2022: Revenue of $104K, expenses of $7K, and assets of $2.3M (revenue -3.1% year-over-year).
- 2021: Revenue of $107K, expenses of $53K, and assets of $2.2M (revenue +128.7% year-over-year).
- 2020: Revenue of $47K, expenses of $66K, and assets of $2.2M (revenue -81.3% year-over-year).
- 2019: Revenue of $250K, expenses of $88K, and assets of $2.2M (revenue +55.8% year-over-year).
- 2015: Revenue of $161K, expenses of $209K, and assets of $2.4M (revenue -59.4% year-over-year).
- 2014: Revenue of $395K, expenses of $387K, and assets of $2.4M (revenue +105.6% year-over-year).
- 2013: Revenue of $192K, expenses of $178K, and assets of $2.4M (revenue +308.0% year-over-year).
- 2012: Revenue of $47K, expenses of $128K, and assets of $2.4M (revenue -89.3% year-over-year).
- 2011: Revenue of $440K, expenses of $217K, and assets of $2.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Seevers Family Foundation:
Data Sources and Methodology
This transparency report for Seevers Family 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.