Seipp Charitable Tr
Seipp Charitable Tr maintains stable assets despite fluctuating revenue and occasional deficit spending.
EIN: 206409478 · Seaford, DE · NTEE: X11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $54K |
| Total Expenses | $19K |
| Program Spending | 80% |
| Net Assets | $151K |
| Transparency Score | 70/100 |
Is Seipp Charitable Tr Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Seipp Charitable Tr directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Seipp Charitable Tr
Seipp Charitable Tr (EIN: 206409478) is a nonprofit organization based in Seaford, DE, classified under NTEE code X11. The organization reported total revenue of $54K and total assets of $155K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Seipp Charitable Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Seipp Charitable Tr is a micro nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $12K |
| Total Expenses | $19K |
| Surplus / Deficit | $-7,474 |
| Total Assets | $160K |
| Total Liabilities | $9K |
| Net Assets | $151K |
| Operating Margin | -64.3% |
| Debt-to-Asset Ratio | 5.4% |
| Months of Reserves | 100.6 months |
Financial Health Grade: B
In 2023, Seipp Charitable Tr reported a deficit of $7K with expenses exceeding revenue, holds 100.6 months of operating reserves (strong position), has a debt-to-asset ratio of 5.4% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -42.3% | +48.7% | -2.9% |
| 2022 | +36.4% | -13.0% | +3.5% |
| 2021 | +146.3% | +98.5% | +2.6% |
| 2020 | -58.5% | -41.2% | +-0.0% |
| 2019 | +506.8% | +2712.0% | +17.2% |
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 Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Seipp Charitable Tr with a Mission Score of 70 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: 20%
- programs: 80%
- fundraising: 0%
According to IRS 990 filings, Seipp Charitable Tr allocates its expenses as follows: admin: 20%, programs: 80%, fundraising: 0%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $7K, with expenses exceeding revenue.
- Debt-to-asset ratio: 5.4%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the trust is managed without paid officers, which is common for smaller charitable trusts and contributes to lower administrative overhead.
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 Seipp Charitable Tr's IRS 990 filings:
- Inconsistent revenue generation, with several years reporting zero revenue in earlier filings.
- Expenses exceeded revenue in 2023 ($19,106 expenses vs. $11,632 revenue), indicating deficit spending for the period.
Strengths
The following positive indicators were identified for Seipp Charitable Tr:
- Consistent asset base, growing from $112,339 in 2012 to $160,110 in 2023.
- Zero officer compensation reported across all filings, indicating efficient management without paid executives.
- Consistent filing of IRS Form 990, demonstrating transparency and compliance.
Frequently Asked Questions about Seipp Charitable Tr
Is Seipp Charitable Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Seipp Charitable Tr (EIN: 206409478) some concerns. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
How does Seipp Charitable Tr spend its money?
Seipp Charitable Tr directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Seipp Charitable Tr tax-deductible?
Seipp Charitable Tr is registered as a tax-exempt nonprofit (EIN: 206409478). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Seipp Charitable Tr compare to similar nonprofits?
With a transparency score of 70/100 (Good), Seipp Charitable Tr is above average for NTEE category X11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Seipp Charitable Tr located?
Seipp Charitable Tr is headquartered in Seaford, Delaware and files with the IRS under EIN 206409478. It is classified under NTEE code X11.
How many years of IRS 990 filings does Seipp Charitable Tr have?
Seipp Charitable Tr has 10 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 $54K in total revenue.
What are the specific programs or beneficiaries supported by Seipp Charitable Tr?
The NTEE code X11 indicates 'Private Grantmaking Foundations,' meaning the trust primarily makes grants to other organizations rather than running its own programs. The 990 filings do not provide specific details on grant recipients.
Why did expenses exceed revenue in 2023?
In 2023, the trust reported $19,106 in expenses against $11,632 in revenue. This indicates that the trust either utilized accumulated surpluses from prior years or drew down on its asset base to cover its distributions and operational costs for that period.
How does the trust manage its investments to generate revenue?
While the filings show investment income as part of revenue, specific details on the trust's investment strategy or portfolio are not provided in the summary data. Revenue fluctuations suggest reliance on market performance or varying distribution policies.
Filing History
IRS 990 filing history for Seipp Charitable Tr showing financial trends over 10 years of public records:
Total assets increased by 17.4% over the same period, from $136K to $160K. Total functional expenses rose by 102.4%, from $9K to $19K. In its most recent filing year (2023), Seipp Charitable Tr reported a deficit of $7K, with expenses exceeding revenue. The organization holds $9K in liabilities against $160K in assets (debt-to-asset ratio: 5.4%), resulting in net assets of $151K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $12K | $19K | $160K | $9K | — | — |
| 2022 | $20K | $13K | $165K | $9K | — | View 990 |
| 2021 | $15K | $15K | $159K | $12K | — | View 990 |
| 2020 | $6K | $7K | $155K | $8K | — | — |
| 2019 | $14K | $13K | $155K | $3K | — | — |
| 2015 | $2K | $450 | $132K | $800 | — | View 990 |
| 2014 | $0 | $2K | $113K | $700 | — | View 990 |
| 2013 | $0 | $9K | $114K | $700 | — | View 990 |
| 2012 | $0 | $19K | $112K | $700 | — | View 990 |
| 2011 | $0 | $9K | $136K | $700 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $12K, expenses of $19K, and assets of $160K (revenue -42.3% year-over-year).
- 2022: Revenue of $20K, expenses of $13K, and assets of $165K (revenue +36.4% year-over-year).
- 2021: Revenue of $15K, expenses of $15K, and assets of $159K (revenue +146.3% year-over-year).
- 2020: Revenue of $6K, expenses of $7K, and assets of $155K (revenue -58.5% year-over-year).
- 2019: Revenue of $14K, expenses of $13K, and assets of $155K (revenue +506.8% year-over-year).
- 2015: Revenue of $2K, expenses of $450, and assets of $132K.
- 2014: Revenue of $0, expenses of $2K, and assets of $113K.
- 2013: Revenue of $0, expenses of $9K, and assets of $114K.
- 2012: Revenue of $0, expenses of $19K, and assets of $112K.
- 2011: Revenue of $0, expenses of $9K, and assets of $136K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Seipp Charitable Tr:
Data Sources and Methodology
This transparency report for Seipp Charitable Tr 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.