Select Equity Group Foundation
Select Equity Group Foundation maintains substantial assets despite recent negative revenue and consistent high expenses.
EIN: 137221529 · New York, NY · NTEE: T21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $454K |
| Total Expenses | $6.1M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $50 |
| Net Assets | $53.1M |
| Transparency Score | 85/100 |
Is Select Equity Group Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Select Equity Group Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Select Equity Group Foundation
Select Equity Group Foundation (EIN: 137221529) is a nonprofit organization based in New York, NY, classified under NTEE code T21. The organization reported total revenue of $454K and total assets of $50.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Select Equity Group Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Select Equity Group Foundation is a small nonprofit that has been operating for 26 years, with 10 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -101.2% | +9.7% | -2.9% |
| 2022 | +53.7% | -1.6% | +115.9% |
| 2021 | +202.8% | -2.0% | +482.8% |
| 2020 | +52.3% | +14.7% | +161.4% |
| 2019 | +20.9% | +53.6% | -33.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
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 Select Equity Group 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Select Equity Group Foundation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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:
- Debt-to-asset ratio: 0.4%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the foundation, which is highly commendable for a foundation of its size with assets exceeding $50 million.
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 Select Equity Group Foundation's IRS 990 filings:
- Negative revenue reported in 2023 (-$463,581) while expenses were over $6 million, indicating a significant operational deficit for the year.
Strengths
The following positive indicators were identified for Select Equity Group Foundation:
- Consistently reports 0% officer compensation across all filings, demonstrating strong financial stewardship and dedication to mission.
- Significant and consistent growth in assets, from $2,952,220 in 2011 to $53,281,525 in 2023, indicating effective asset management.
- Substantial asset base provides long-term financial stability and capacity for grant-making, even during periods of negative revenue.
Frequently Asked Questions about Select Equity Group Foundation
Is Select Equity Group Foundation a legitimate charity?
Select Equity Group Foundation (EIN: 137221529) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $454K. 1 red flag identified. 3 strengths noted. Financial health grade: B.
How does Select Equity Group Foundation spend its money?
Select Equity Group Foundation directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Select Equity Group Foundation tax-deductible?
Select Equity Group Foundation is registered as a tax-exempt nonprofit (EIN: 137221529). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Select Equity Group Foundation CEO make?
Select Equity Group Foundation's highest-compensated officer earns $50 annually. The organization reported $454K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Select Equity Group Foundation's spending goes to programs?
Select Equity Group Foundation directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Select Equity Group Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Select Equity Group Foundation is above average for NTEE category T21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Select Equity Group Foundation located?
Select Equity Group Foundation is headquartered in New York, New York and files with the IRS under EIN 137221529. It is classified under NTEE code T21.
How many years of IRS 990 filings does Select Equity Group Foundation have?
Select Equity Group 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 $454K in total revenue.
How does the foundation sustain its operations with negative revenue in 2023?
The foundation likely sustains its operations and grant-making activities through its substantial asset base, which stood at $53,281,525 in 2023. Investment returns from this endowment would cover expenses even during periods of negative operational revenue.
What is the primary source of the foundation's revenue given its fluctuations?
Given the NTEE code T21 (Private Grantmaking Foundations) and the highly variable revenue figures, the primary source of revenue is likely investment income, capital gains, and potentially large, infrequent contributions from its founders or affiliated entities, rather than public donations.
Is the foundation's asset growth sustainable?
The foundation has demonstrated significant asset growth over the past decade, from $2,952,220 in 2011 to $53,281,525 in 2023. While revenue can fluctuate, the consistent growth in assets suggests a robust investment strategy aimed at long-term sustainability and increased grant-making capacity.
Filing History
IRS 990 filing history for Select Equity Group Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Select Equity Group Foundation's revenue has declined by 594.8%, moving from $94K to $-463,581. Total assets increased by 1704.8% over the same period, from $3.0M to $53.3M. Total functional expenses rose by 246%, from $1.8M to $6.1M. The organization holds $228K in liabilities against $53.3M in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $53.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-463,581 | $6.1M | $53.3M | $228K | — | View 990 |
| 2022 | $39.3M | $5.5M | $54.9M | $57K | — | View 990 |
| 2021 | $25.6M | $5.6M | $25.4M | $37K | — | — |
| 2020 | $8.5M | $5.7M | $4.4M | $64K | — | View 990 |
| 2019 | $5.6M | $5.0M | $1.7M | $96K | — | View 990 |
| 2015 | $4.6M | $3.3M | $2.5M | $75K | — | View 990 |
| 2014 | $2.4M | $2.9M | $1.2M | $76K | — | View 990 |
| 2013 | $2.4M | $2.1M | $2.0M | $378K | — | — |
| 2012 | $242K | $1.8M | $1.4M | $73K | — | — |
| 2011 | $94K | $1.8M | $3.0M | $23K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $-463,581, expenses of $6.1M, and assets of $53.3M (revenue -101.2% year-over-year).
- 2022: Revenue of $39.3M, expenses of $5.5M, and assets of $54.9M (revenue +53.7% year-over-year).
- 2021: Revenue of $25.6M, expenses of $5.6M, and assets of $25.4M (revenue +202.8% year-over-year).
- 2020: Revenue of $8.5M, expenses of $5.7M, and assets of $4.4M (revenue +52.3% year-over-year).
- 2019: Revenue of $5.6M, expenses of $5.0M, and assets of $1.7M (revenue +20.9% year-over-year).
- 2015: Revenue of $4.6M, expenses of $3.3M, and assets of $2.5M (revenue +92.9% year-over-year).
- 2014: Revenue of $2.4M, expenses of $2.9M, and assets of $1.2M (revenue +0.4% year-over-year).
- 2013: Revenue of $2.4M, expenses of $2.1M, and assets of $2.0M (revenue +881.2% year-over-year).
- 2012: Revenue of $242K, expenses of $1.8M, and assets of $1.4M (revenue +158.1% year-over-year).
- 2011: Revenue of $94K, expenses of $1.8M, and assets of $3.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Select Equity Group Foundation:
Data Sources and Methodology
This transparency report for Select Equity Group 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.