Ses Foundation Inc
Ses Foundation Inc reports negative assets for two consecutive years despite significant revenue.
EIN: 113579451 · Lakewood, NJ · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $252K |
| Total Expenses | $1.3M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $-13,836 |
| Transparency Score | 35/100 |
Is Ses Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ses Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ses Foundation Inc
Ses Foundation Inc (EIN: 113579451) is a nonprofit organization based in Lakewood, NJ, classified under NTEE code T22. The organization reported total revenue of $252K and total assets of $56K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ses Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ses Foundation Inc is a small nonprofit that has been operating for 24 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 223.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.3M |
| Surplus / Deficit | +$22K |
| Total Assets | $-13,835 |
| Total Liabilities | $1 |
| Net Assets | $-13,836 |
| Operating Margin | 1.7% |
| Months of Reserves | -0.1 months |
Financial Health Grade: B
In 2023, Ses Foundation Inc reported a surplus of $22K with revenue exceeding expenses, holds -0.1 months of operating reserves (limited).
Financial Trends
Over 10 years of filings (2011–2023), Ses Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 223.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.1% | -5.4% | — |
| 2022 | -15.5% | -13.2% | -15528.6% |
| 2021 | +157999900.0% | — | +23300.0% |
| 2020 | +0.0% | — | +0.0% |
| 2019 | +0.0% | — | +0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
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 Ses Foundation Inc with a Mission Score of 35 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Ses Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. 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 surplus of $22K, with revenue exceeding expenses.
Executive Compensation Analysis
No officer compensation has been reported across all available filings, including periods with over $1 million in revenue, which is unusual for an organization of this scale and warrants further scrutiny.
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 Ses Foundation Inc's IRS 990 filings:
- Negative assets reported for two consecutive years (2022 and 2023), indicating financial instability.
- Extreme volatility in reported financial activity, with years of minimal revenue/expenses followed by millions.
- Lack of reported officer compensation despite significant revenue and expenses, which is atypical.
- Inconsistent reporting history, with many years showing only $1 in revenue and assets.
Strengths
The following positive indicators were identified for Ses Foundation Inc:
- Appears to spend nearly all revenue, with expenses closely matching income in recent active years (e.g., 2023 revenue $1,320,000 vs. expenses $1,297,732).
Frequently Asked Questions about Ses Foundation Inc
Is Ses Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Ses Foundation Inc (EIN: 113579451) significant concerns. Mission Score: 35/100. 4 red flags identified, 1 strength noted.
How does Ses Foundation Inc spend its money?
Ses Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ses Foundation Inc tax-deductible?
Ses Foundation Inc is registered as a tax-exempt nonprofit (EIN: 113579451). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Ses Foundation Inc CEO make?
Ses Foundation Inc's highest-compensated officer earns $1 annually. The organization reported $252K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Ses Foundation Inc's spending goes to programs?
Ses Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Ses Foundation Inc compare to similar nonprofits?
With a transparency score of 35/100 (Poor), Ses Foundation Inc is below average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ses Foundation Inc located?
Ses Foundation Inc is headquartered in Lakewood, New Jersey and files with the IRS under EIN 113579451. It is classified under NTEE code T22.
How many years of IRS 990 filings does Ses Foundation Inc have?
Ses Foundation Inc 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 $252K in total revenue.
Is Ses Foundation Inc a good charity?
Based on the provided data, it is difficult to definitively say. The organization has reported negative assets for the past two years ($-13,835 in 2023, $-36,103 in 2022), which is a significant financial concern. While it appears to spend most of its revenue, the lack of detailed expense breakdowns and the historical inconsistency in reported activity make a full assessment challenging.
Why are the assets negative?
Negative assets indicate that the organization's liabilities exceed its total assets. This could be due to accumulated deficits, significant debts, or other financial obligations that are greater than the value of its property, cash, and other holdings.
What caused the sudden increase in revenue and expenses from 2021-2023 compared to prior years?
The provided data does not offer an explanation for the dramatic shift from minimal reported activity (e.g., $1 revenue in 2020) to over $1 million in revenue and expenses starting in 2021. This significant change warrants further investigation into the organization's operations and funding sources.
Is the lack of officer compensation typical for an organization with over $1 million in revenue?
It is highly unusual for an organization with over $1 million in annual revenue and expenses to report zero officer compensation. While it could indicate a volunteer-led structure, it also raises questions about how leadership is compensated or if all compensation is being accurately reported.
Filing History
IRS 990 filing history for Ses Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Ses Foundation Inc's revenue has grown by 131999900%, moving from $1 to $1.3M. Total assets decreased by 4356.9% over the same period, from $325 to $-13,835. In its most recent filing year (2023), Ses Foundation Inc reported a surplus of $22K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $1.3M | $-13,835 | $1 | — | — |
| 2022 | $1.3M | $1.4M | $-36,103 | $1 | — | View 990 |
| 2021 | $1.6M | $1.6M | $234 | $1 | — | View 990 |
| 2020 | $1 | $0 | $1 | $1 | — | — |
| 2019 | $1 | $0 | $1 | $1 | — | View 990 |
| 2015 | $1 | $0 | $1 | $0 | — | View 990 |
| 2014 | $1 | $0 | $1 | $0 | — | View 990 |
| 2013 | $0 | $325 | $1 | $0 | — | View 990 |
| 2012 | $1 | $0 | $325 | $0 | — | View 990 |
| 2011 | $1 | $0 | $325 | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $1.3M, and assets of $-13,835 (revenue -1.1% year-over-year).
- 2022: Revenue of $1.3M, expenses of $1.4M, and assets of $-36,103 (revenue -15.5% year-over-year).
- 2021: Revenue of $1.6M, expenses of $1.6M, and assets of $234 (revenue +157999900.0% year-over-year).
- 2020: Revenue of $1, expenses of $0, and assets of $1 (revenue +0.0% year-over-year).
- 2019: Revenue of $1, expenses of $0, and assets of $1 (revenue +0.0% year-over-year).
- 2015: Revenue of $1, expenses of $0, and assets of $1 (revenue +0.0% year-over-year).
- 2014: Revenue of $1, expenses of $0, and assets of $1.
- 2013: Revenue of $0, expenses of $325, and assets of $1 (revenue -100.0% year-over-year).
- 2012: Revenue of $1, expenses of $0, and assets of $325 (revenue +0.0% year-over-year).
- 2011: Revenue of $1, expenses of $0, and assets of $325.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ses Foundation Inc:
Data Sources and Methodology
This transparency report for Ses Foundation 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.