Seth Clute Memorial Tr Uw Norstar Bank Of Upstate Ny
Seth Clute Memorial Trust maintains stable assets with minimal revenue and no officer compensation.
EIN: 146014454 · Providence, RI · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $16K |
| Total Expenses | $2K |
| Program Spending | 90% |
| Net Assets | $40K |
| Transparency Score | 75/100 |
Is Seth Clute Memorial Tr Uw Norstar Bank Of Upstate Ny Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Seth Clute Memorial Tr Uw Norstar Bank Of Upstate Ny directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Seth Clute Memorial Tr Uw Norstar Bank Of Upstate Ny
Seth Clute Memorial Tr Uw Norstar Bank Of Upstate Ny (EIN: 146014454) is a nonprofit organization based in Providence, RI. The organization reported total revenue of $16K and total assets of $40K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Seth Clute Memorial Tr Uw Norstar Bank Of Upstate Ny's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Seth Clute Memorial Tr Uw Norstar Bank Of Upstate Ny is a micro nonprofit, with 6 years of IRS 990 filings on record (2011–2019). Revenue has grown at a compound annual rate of -4.1%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $3K |
| Total Expenses | $2K |
| Surplus / Deficit | +$209 |
| Total Assets | $40K |
| Total Liabilities | $1 |
| Net Assets | $40K |
| Operating Margin | 8.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 208.3 months |
Financial Health Grade: A
In 2019, Seth Clute Memorial Tr Uw Norstar Bank Of Upstate Ny reported a surplus of $209 with revenue exceeding expenses, holds 208.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 6 years of filings (2011–2019), Seth Clute Memorial Tr Uw Norstar Bank Of Upstate Ny's revenue has declined at a compound annual growth rate (CAGR) of -4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | +74.2% | -22.7% | -2.6% |
| 2015 | +41.6% | +38.6% | -3.6% |
| 2014 | -31.2% | -15.5% | -0.5% |
| 2013 | -66.4% | +6.3% | -2.5% |
| 2012 | +25.0% | +0.8% | +4.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
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 Seth Clute Memorial Tr Uw Norstar Bank Of Upstate Ny with a Mission Score of 75 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Seth Clute Memorial Tr Uw Norstar Bank Of Upstate Ny allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $209, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no funds are used for executive salaries, which is highly efficient for an organization of this size.
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 Seth Clute Memorial Tr Uw Norstar Bank Of Upstate Ny's IRS 990 filings:
- Lack of detailed program spending information in provided data
- Revenue frequently lower than expenses, potentially drawing down on principal
Strengths
The following positive indicators were identified for Seth Clute Memorial Tr Uw Norstar Bank Of Upstate Ny:
- Consistent reporting of 0% officer compensation
- Stable asset base over time
- Very low or zero liabilities
Frequently Asked Questions about Seth Clute Memorial Tr Uw Norstar Bank Of Upstate Ny
Is Seth Clute Memorial Tr Uw Norstar Bank Of Upstate Ny a legitimate charity?
Based on AI analysis of IRS 990 filings, Seth Clute Memorial Tr Uw Norstar Bank Of Upstate Ny (EIN: 146014454) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Seth Clute Memorial Tr Uw Norstar Bank Of Upstate Ny spend its money?
Seth Clute Memorial Tr Uw Norstar Bank Of Upstate Ny directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Seth Clute Memorial Tr Uw Norstar Bank Of Upstate Ny tax-deductible?
Seth Clute Memorial Tr Uw Norstar Bank Of Upstate Ny is registered as a tax-exempt nonprofit (EIN: 146014454). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Seth Clute Memorial Tr Uw Norstar Bank Of Upstate Ny located?
Seth Clute Memorial Tr Uw Norstar Bank Of Upstate Ny is headquartered in Providence, Rhode Island and files with the IRS under EIN 146014454.
How many years of IRS 990 filings does Seth Clute Memorial Tr Uw Norstar Bank Of Upstate Ny have?
Seth Clute Memorial Tr Uw Norstar Bank Of Upstate Ny has 6 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 $16K in total revenue.
What is the specific mission or program activity of the Seth Clute Memorial Trust?
The provided data does not specify the mission or program activities of the Seth Clute Memorial Trust. Further investigation into its founding documents or public statements would be necessary to understand its purpose.
How does the trust manage to operate with such low and sometimes negative net revenue?
The trust appears to be drawing down on its principal or relying on investment income (which is part of 'Revenue') to cover expenses, as seen in periods like 2015, 2014, and 2013 where expenses exceeded revenue. Its stable asset base suggests it's designed to disburse funds over time rather than grow through significant fundraising.
Are there any significant liabilities that could impact the trust's future operations?
The trust consistently reports very low or zero liabilities (e.g., $1 in 2019, $0 in other periods), indicating a strong balance sheet with minimal financial obligations.
Filing History
IRS 990 filing history for Seth Clute Memorial Tr Uw Norstar Bank Of Upstate Ny showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2019), Seth Clute Memorial Tr Uw Norstar Bank Of Upstate Ny's revenue has declined by 28.6%, moving from $4K to $3K. Total assets decreased by 4.8% over the same period, from $42K to $40K. Total functional expenses fell by 3%, from $2K to $2K. In its most recent filing year (2019), Seth Clute Memorial Tr Uw Norstar Bank Of Upstate Ny reported a surplus of $209, with revenue exceeding expenses. The organization holds $1 in liabilities against $40K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $40K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $3K | $2K | $40K | $1 | — | View 990 |
| 2015 | $1K | $3K | $41K | $0 | — | View 990 |
| 2014 | $1K | $2K | $43K | $0 | — | View 990 |
| 2013 | $1K | $3K | $43K | $0 | — | View 990 |
| 2012 | $4K | $2K | $44K | $0 | — | View 990 |
| 2011 | $4K | $2K | $42K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $3K, expenses of $2K, and assets of $40K (revenue +74.2% year-over-year).
- 2015: Revenue of $1K, expenses of $3K, and assets of $41K (revenue +41.6% year-over-year).
- 2014: Revenue of $1K, expenses of $2K, and assets of $43K (revenue -31.2% year-over-year).
- 2013: Revenue of $1K, expenses of $3K, and assets of $43K (revenue -66.4% year-over-year).
- 2012: Revenue of $4K, expenses of $2K, and assets of $44K (revenue +25.0% year-over-year).
- 2011: Revenue of $4K, expenses of $2K, and assets of $42K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Seth Clute Memorial Tr Uw Norstar Bank Of Upstate Ny:
Data Sources and Methodology
This transparency report for Seth Clute Memorial Tr Uw Norstar Bank Of Upstate Ny 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.