Sepp Inc

Sepp Inc. consistently generates significant surpluses, growing assets, and reports no officer compensation.

EIN: 160950820 · Binghamton, NY · NTEE: L210 · Updated: 2026-03-28

$3.5MRevenue

$8.8MAssets

92/100Mission Score (Excellent)

L210

About Sepp Inc

Sepp Inc (EIN: 160950820) is a nonprofit organization based in Binghamton, NY, classified under NTEE code L210. The organization reported total revenue of $3.5M and total assets of $8.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sepp Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Sepp Inc. demonstrates strong financial health and efficiency, particularly in its program spending. In the latest filing (202406), the organization reported revenue of $3,495,294 against expenses of $1,018,670, indicating a significant surplus. This trend of revenue exceeding expenses has been consistent in recent years, contributing to a healthy growth in assets from $3,273,161 in 2018 to $8,843,732 in 2024. The organization's commitment to its mission is evident through its high program spending ratio, which is estimated at 85% of total expenses. This suggests that the vast majority of funds are directly allocated to its charitable activities, rather than administrative overhead or fundraising efforts. The consistent reporting of 0% officer compensation across all available filings further enhances its transparency and commitment to directing resources towards its mission.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Sepp Inc with a Mission Score of 92 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, Sepp Inc 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.

Executive Compensation Analysis

Sepp Inc. consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers. This is a highly positive indicator of financial stewardship and a strong commitment to directing all available funds 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.

Strengths

The following positive indicators were identified for Sepp Inc:

Consistent and significant revenue growth, from $884,279 in 2015 to $3,495,294 in 2024.
Strong asset growth, increasing from $3,273,161 in 2018 to $8,843,732 in 2024.
High program spending ratio, estimated at 85% of total expenses.
No reported officer compensation across all available filings, indicating excellent financial stewardship.
Consistent financial surpluses, with revenue significantly exceeding expenses in recent years (e.g., $3,495,294 revenue vs. $1,018,670 expenses in 2024).

Frequently Asked Questions about Sepp Inc

Is Sepp Inc. a good charity?

Based on the provided financial data, Sepp Inc. appears to be a very good charity. It consistently generates significant surpluses, has a strong and growing asset base, and dedicates a high percentage of its expenses to program services, with no reported officer compensation.

How has Sepp Inc.'s financial health changed over time?

Sepp Inc.'s financial health has significantly improved over time. Revenue has grown substantially from $884,279 in 2015 to $3,495,294 in 2024, and assets have more than doubled from $3,273,161 in 2018 to $8,843,732 in 2024, while expenses have remained relatively stable, leading to consistent surpluses.

What is Sepp Inc.'s program efficiency?

Sepp Inc. demonstrates high program efficiency, with an estimated 85% of its total expenses allocated directly to program services. This indicates that the vast majority of its spending is focused on achieving its mission.

Filing History

IRS 990 filing history for Sepp Inc showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2011–2024), Sepp Inc's revenue has grown by 307%, moving from $859K to $3.5M. Total assets increased by 309.3% over the same period, from $2.2M to $8.8M. Total functional expenses rose by 20.2%, from $848K to $1.0M. In its most recent filing year (2024), Sepp Inc reported a surplus of $2.5M, with revenue exceeding expenses. The organization holds $1.1M in liabilities against $8.8M in assets (debt-to-asset ratio: 12.2%), resulting in net assets of $7.8M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2024	$3.5M	$1.0M	$8.8M	$1.1M	—	View 990
2023	$2.5M	$966K	$6.5M	$1.1M	—	View 990
2022	$4.3M	$1.2M	$5.2M	$1.4M	—	View 990
2021	$2.0M	$1.3M	$4.6M	$3.7M	—	—
2020	$1.9M	$1.4M	$3.8M	$3.8M	—	View 990
2019	$1.4M	$1.3M	$3.4M	$3.8M	—	View 990
2018	$1.4M	$1.3M	$3.3M	$3.9M	—	View 990
2017	$2.3M	$1.4M	$3.2M	$3.9M	—	View 990
2016	$906K	$1.2M	$1.5M	$1.6M	—	View 990
2015	$884K	$812K	$1.9M	$1.8M	—	View 990
2014	$908K	$995K	$1.9M	$1.8M	—	View 990
2013	$950K	$829K	$2.1M	$1.8M	—	View 990
2012	$827K	$844K	$2.0M	$1.9M	—	View 990
2011	$859K	$848K	$2.2M	$2.0M	—	View 990

Year-by-Year Financial Summary

2024: Revenue of $3.5M, expenses of $1.0M, and assets of $8.8M (revenue +39.0% year-over-year).
2023: Revenue of $2.5M, expenses of $966K, and assets of $6.5M (revenue -41.9% year-over-year).
2022: Revenue of $4.3M, expenses of $1.2M, and assets of $5.2M (revenue +116.8% year-over-year).
2021: Revenue of $2.0M, expenses of $1.3M, and assets of $4.6M (revenue +5.1% year-over-year).
2020: Revenue of $1.9M, expenses of $1.4M, and assets of $3.8M (revenue +35.7% year-over-year).
2019: Revenue of $1.4M, expenses of $1.3M, and assets of $3.4M (revenue +1.5% year-over-year).
2018: Revenue of $1.4M, expenses of $1.3M, and assets of $3.3M (revenue -39.0% year-over-year).
2017: Revenue of $2.3M, expenses of $1.4M, and assets of $3.2M (revenue +149.5% year-over-year).
2016: Revenue of $906K, expenses of $1.2M, and assets of $1.5M (revenue +2.5% year-over-year).
2015: Revenue of $884K, expenses of $812K, and assets of $1.9M (revenue -2.6% year-over-year).
2014: Revenue of $908K, expenses of $995K, and assets of $1.9M (revenue -4.4% year-over-year).
2013: Revenue of $950K, expenses of $829K, and assets of $2.1M (revenue +14.8% year-over-year).
2012: Revenue of $827K, expenses of $844K, and assets of $2.0M (revenue -3.7% year-over-year).
2011: Revenue of $859K, expenses of $848K, and assets of $2.2M.

Data Sources and Methodology

This transparency report for Sepp Inc 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.