Seg Way Ministries
EIN: 411964938 · Minneapolis, MN · NTEE: X99
| Metric | Value |
|---|---|
| Total Revenue | $531K |
| Total Expenses | $275K |
| Net Assets | $-191,808 |
Is Seg Way Ministries Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Seg Way Ministries
Seg Way Ministries (EIN: 411964938) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code X99. The organization reported total revenue of $531K and total assets of $523K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Seg Way Ministries's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Seg Way Ministries is a small nonprofit that has been operating for 20 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -0.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $262K |
| Total Expenses | $275K |
| Surplus / Deficit | $-13,235 |
| Total Assets | $537K |
| Total Liabilities | $729K |
| Net Assets | $-191,808 |
| Operating Margin | -5.1% |
| Debt-to-Asset Ratio | 135.7% |
| Months of Reserves | 23.4 months |
Financial Health Grade: C
In 2023, Seg Way Ministries reported a deficit of $13K with expenses exceeding revenue, holds 23.4 months of operating reserves (strong position), has a debt-to-asset ratio of 135.7% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Seg Way Ministries's revenue has declined at a compound annual growth rate (CAGR) of -0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.7% | +18.0% | -3.0% |
| 2022 | +11.6% | +17.7% | +2.0% |
| 2021 | +22.4% | +3.5% | +4.5% |
| 2020 | -40.3% | -39.2% | -2.2% |
| 2019 | +5.7% | -3.3% | -2.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Seg Way Ministries 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 Seg Way Ministries 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $13K, with expenses exceeding revenue.
- Debt-to-asset ratio: 135.7%.
Frequently Asked Questions about Seg Way Ministries
Is Seg Way Ministries a legitimate charity?
Seg Way Ministries (EIN: 411964938) is a registered tax-exempt nonprofit based in Minnesota. It has 14 years of IRS 990 filings on record. Total revenue: $531K. No red flags identified. Financial health grade: C.
How does Seg Way Ministries spend its money?
Seg Way Ministries reported $531K in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Seg Way Ministries tax-deductible?
Seg Way Ministries is registered as a tax-exempt nonprofit (EIN: 411964938). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Seg Way Ministries located?
Seg Way Ministries is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 411964938. It is classified under NTEE code X99.
How many years of IRS 990 filings does Seg Way Ministries have?
Seg Way Ministries 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 $531K in total revenue.
Filing History
IRS 990 filing history for Seg Way Ministries showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Seg Way Ministries's revenue has declined by 8.1%, moving from $285K to $262K. Total assets decreased by 24.1% over the same period, from $708K to $537K. Total functional expenses fell by 16.2%, from $328K to $275K. In its most recent filing year (2023), Seg Way Ministries reported a deficit of $13K, with expenses exceeding revenue. The organization holds $729K in liabilities against $537K in assets (debt-to-asset ratio: 135.7%), resulting in net assets of $-191,808.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $262K | $275K | $537K | $729K | — | — |
| 2022 | $245K | $233K | $553K | $732K | — | View 990 |
| 2021 | $220K | $198K | $542K | $733K | — | View 990 |
| 2020 | $180K | $191K | $519K | $732K | — | — |
| 2019 | $301K | $314K | $530K | $731K | — | View 990 |
| 2018 | $285K | $325K | $543K | $730K | — | View 990 |
| 2017 | $281K | $291K | $583K | $730K | — | View 990 |
| 2016 | $257K | $296K | $592K | $730K | — | View 990 |
| 2015 | $277K | $287K | $614K | $714K | — | View 990 |
| 2014 | $296K | $328K | $614K | $704K | — | View 990 |
| 2013 | $385K | $397K | $646K | $704K | — | View 990 |
| 2012 | $271K | $288K | $662K | $707K | — | View 990 |
| 2011 | $272K | $339K | $679K | $706K | — | View 990 |
| 2010 | $285K | $328K | $708K | $668K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $262K, expenses of $275K, and assets of $537K (revenue +6.7% year-over-year).
- 2022: Revenue of $245K, expenses of $233K, and assets of $553K (revenue +11.6% year-over-year).
- 2021: Revenue of $220K, expenses of $198K, and assets of $542K (revenue +22.4% year-over-year).
- 2020: Revenue of $180K, expenses of $191K, and assets of $519K (revenue -40.3% year-over-year).
- 2019: Revenue of $301K, expenses of $314K, and assets of $530K (revenue +5.7% year-over-year).
- 2018: Revenue of $285K, expenses of $325K, and assets of $543K (revenue +1.2% year-over-year).
- 2017: Revenue of $281K, expenses of $291K, and assets of $583K (revenue +9.4% year-over-year).
- 2016: Revenue of $257K, expenses of $296K, and assets of $592K (revenue -7.2% year-over-year).
- 2015: Revenue of $277K, expenses of $287K, and assets of $614K (revenue -6.2% year-over-year).
- 2014: Revenue of $296K, expenses of $328K, and assets of $614K (revenue -23.2% year-over-year).
- 2013: Revenue of $385K, expenses of $397K, and assets of $646K (revenue +41.8% year-over-year).
- 2012: Revenue of $271K, expenses of $288K, and assets of $662K (revenue -0.1% year-over-year).
- 2011: Revenue of $272K, expenses of $339K, and assets of $679K (revenue -4.6% year-over-year).
- 2010: Revenue of $285K, expenses of $328K, and assets of $708K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Seg Way Ministries:
Data Sources and Methodology
This transparency report for Seg Way Ministries 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.