Selander Foundation
Selander Foundation's assets grew to over $37 million, but 2023 expenses significantly outpaced revenue.
EIN: 202024998 · Greenwich, CT · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $10.7M |
| Total Expenses | $6.0M |
| Program Spending | 85% |
| Net Assets | $37.1M |
| Transparency Score | 80/100 |
Is Selander Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Selander Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Selander Foundation
Selander Foundation (EIN: 202024998) is a nonprofit organization based in Greenwich, CT, classified under NTEE code T22. The organization reported total revenue of $10.7M and total assets of $35.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Selander Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Selander Foundation is a large nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.4M |
| Total Expenses | $6.0M |
| Surplus / Deficit | $-3,623,514 |
| Total Assets | $37.1M |
| Total Liabilities | $1 |
| Net Assets | $37.1M |
| Operating Margin | -153.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 74.6 months |
Financial Health Grade: B
In 2023, Selander Foundation reported a deficit of $3.6M with expenses exceeding revenue, holds 74.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Selander Foundation's revenue has grown at a compound annual growth rate (CAGR) of 3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.6% | +171.4% | +2.1% |
| 2022 | -60.3% | -15.8% | +0.0% |
| 2021 | -39.6% | +44.1% | +8.7% |
| 2020 | +132.6% | +25.0% | +28.3% |
| 2019 | +60.9% | +109.2% | +80.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Selander Foundation with a Mission Score of 80 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: 85%
- fundraising: 5%
According to IRS 990 filings, Selander Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $3.6M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Selander Foundation consistently reports 0% officer compensation across all ten years of filings, indicating either a volunteer-led executive team or that executive services are compensated through non-officer roles or external entities, which enhances perceived transparency regarding direct executive salaries.
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 Selander Foundation's IRS 990 filings:
- Significant negative net income in 2023 ($2.36M revenue vs. $5.98M expenses), indicating spending far exceeded income for the year.
- Inconsistent revenue and expense patterns year-over-year, making financial forecasting and stability assessment challenging without further context.
Strengths
The following positive indicators were identified for Selander Foundation:
- Strong and consistent asset growth, from $6.59 million in 2011 to $37.15 million in 2023, indicating robust financial health.
- Minimal liabilities reported across all periods, suggesting excellent debt management and financial stability.
- Consistent reporting of 0% officer compensation, enhancing transparency regarding executive pay.
- Long and consistent filing history (10 filings), demonstrating commitment to transparency and regulatory compliance.
Frequently Asked Questions about Selander Foundation
Is Selander Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Selander Foundation (EIN: 202024998) some concerns. Mission Score: 80/100. 2 red flags identified, 4 strengths noted.
How does Selander Foundation spend its money?
Selander Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Selander Foundation tax-deductible?
Selander Foundation is registered as a tax-exempt nonprofit (EIN: 202024998). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Selander Foundation's spending goes to programs?
Selander Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Selander Foundation compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Selander Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Selander Foundation located?
Selander Foundation is headquartered in Greenwich, Connecticut and files with the IRS under EIN 202024998. It is classified under NTEE code T22.
How many years of IRS 990 filings does Selander Foundation have?
Selander Foundation 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 $10.7M in total revenue.
What caused the significant increase in expenses in 2023 to $5.98 million, nearly tripling from $2.20 million in 2022?
The IRS 990 filings show a sharp rise in expenses in 2023. Further detail from the full 990 form would be needed to identify if this was due to a major program initiative, asset acquisition, or other operational changes.
How does the Selander Foundation fund its operations when expenses exceed revenue, as seen in 2023?
In years where expenses exceed revenue, the foundation likely draws upon its substantial asset base, which has grown significantly over the past decade, or relies on investment income not fully captured in the 'revenue' line item for that specific period.
What is the nature of the 'Officer Comp=0%' reported across all filings?
This indicates that no compensation was paid to officers, directors, trustees, or key employees as reported on Part VII of the Form 990. This could mean these roles are entirely volunteer, or compensation is structured in a way that it is not reported in this specific section.
Filing History
IRS 990 filing history for Selander Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Selander Foundation's revenue has grown by 45%, moving from $1.6M to $2.4M. Total assets increased by 463.5% over the same period, from $6.6M to $37.1M. Total functional expenses rose by 2204.1%, from $259K to $6.0M. In its most recent filing year (2023), Selander Foundation reported a deficit of $3.6M, with expenses exceeding revenue. The organization holds $1 in liabilities against $37.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $37.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.4M | $6.0M | $37.1M | $1 | — | View 990 |
| 2022 | $2.2M | $2.2M | $36.4M | $1 | — | View 990 |
| 2021 | $5.6M | $2.6M | $36.4M | $1 | — | View 990 |
| 2020 | $9.2M | $1.8M | $33.4M | $30K | — | View 990 |
| 2019 | $4.0M | $1.5M | $26.1M | $66K | — | View 990 |
| 2015 | $2.5M | $694K | $14.5M | $44K | — | View 990 |
| 2014 | $2.4M | $688K | $12.7M | $0 | — | View 990 |
| 2013 | $3.0M | $515K | $10.9M | $0 | — | View 990 |
| 2012 | $2.2M | $299K | $8.4M | $0 | — | View 990 |
| 2011 | $1.6M | $259K | $6.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.4M, expenses of $6.0M, and assets of $37.1M (revenue +6.6% year-over-year).
- 2022: Revenue of $2.2M, expenses of $2.2M, and assets of $36.4M (revenue -60.3% year-over-year).
- 2021: Revenue of $5.6M, expenses of $2.6M, and assets of $36.4M (revenue -39.6% year-over-year).
- 2020: Revenue of $9.2M, expenses of $1.8M, and assets of $33.4M (revenue +132.6% year-over-year).
- 2019: Revenue of $4.0M, expenses of $1.5M, and assets of $26.1M (revenue +60.9% year-over-year).
- 2015: Revenue of $2.5M, expenses of $694K, and assets of $14.5M (revenue +1.7% year-over-year).
- 2014: Revenue of $2.4M, expenses of $688K, and assets of $12.7M (revenue -19.4% year-over-year).
- 2013: Revenue of $3.0M, expenses of $515K, and assets of $10.9M (revenue +39.8% year-over-year).
- 2012: Revenue of $2.2M, expenses of $299K, and assets of $8.4M (revenue +32.4% year-over-year).
- 2011: Revenue of $1.6M, expenses of $259K, and assets of $6.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Selander Foundation:
Data Sources and Methodology
This transparency report for Selander 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.