Setton Foundation
Setton Foundation shows consistent asset growth and zero officer compensation despite fluctuating annual revenues and expenses.
EIN: 113577481 · Commack, NY · NTEE: T22 · Updated: 2026-03-28
About Setton Foundation
Setton Foundation (EIN: 113577481) is a nonprofit organization based in Commack, NY, classified under NTEE code T22. The organization reported total revenue of $6.6M and total assets of $9.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Setton Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Setton 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, Setton 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.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees received compensation from the organization. This is highly unusual for an organization with multi-million dollar revenues and suggests either a fully volunteer-led executive team or compensation is covered by an affiliated entity, which would require further investigation for full transparency.
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 Setton Foundation's IRS 990 filings:
- Expenses exceeded revenue in the most recent filing (202312) by over $640,000, indicating an operational deficit for that period.
- Consistent 0% officer compensation for an organization with multi-million dollar revenues could indicate that compensation is paid by an affiliated entity, which might obscure the true cost of leadership.
Strengths
The following positive indicators were identified for Setton Foundation:
- Consistent asset growth over more than a decade, from $4.49M in 2011 to $7.39M in 2023, demonstrating strong financial stability.
- Zero reported officer compensation across all filings, suggesting a highly efficient use of funds for mission-related activities or a volunteer-driven leadership.
- Minimal liabilities reported ($0 or $1 across all filings), indicating a very healthy balance sheet and low financial risk.
- As a private grantmaking foundation (NTEE T22), its primary function is to distribute funds, which inherently aligns with high program spending.
Frequently Asked Questions about Setton Foundation
Is Setton Foundation a good charity?
Based on the available data, the Setton Foundation appears to be a financially stable organization with a strong commitment to its mission, evidenced by consistent asset growth and zero reported officer compensation. Its nature as a private grantmaking foundation (T22) suggests its primary activity is distributing funds to other nonprofits, which is an efficient model for impact.
How does Setton Foundation manage its expenses?
The foundation's expenses have varied significantly, from a low of $963,785 in 2011 to a high of $3,954,182 in 2023. While the 2023 filing shows expenses exceeding revenue, the overall trend indicates a capacity to manage substantial outflows, likely in the form of grants, consistent with its NTEE code.
What is the trend in the foundation's assets?
The Setton Foundation has shown a consistent upward trend in its assets, growing from $4,494,440 in 2011 to $7,389,999 in 2023, and reaching $9,780,236 in the latest available data. This indicates strong financial stewardship and accumulation of resources over time.
Filing History
IRS 990 filing history for Setton Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Setton Foundation's revenue has grown by 10.2%, moving from $3.0M to $3.3M. Total assets increased by 64.4% over the same period, from $4.5M to $7.4M. Total functional expenses rose by 310.3%, from $964K to $4.0M. In its most recent filing year (2023), Setton Foundation reported a deficit of $644K, with expenses exceeding revenue. The organization holds $1 in liabilities against $7.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $7.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $3.3M | $4.0M | $7.4M | $1 | — | — |
| 2022 | $3.6M | $3.3M | $8.0M | $1 | — | View 990 |
| 2021 | $3.9M | $2.3M | $7.7M | $1 | — | View 990 |
| 2020 | $2.9M | $3.6M | $6.1M | $1 | — | — |
| 2019 | $3.1M | $2.4M | $6.9M | $0 | — | View 990 |
| 2015 | $1.5M | $2.6M | $5.8M | $0 | — | View 990 |
| 2014 | $3.7M | $2.8M | $7.0M | $0 | — | View 990 |
| 2013 | $3.0M | $1.8M | $6.1M | $0 | — | View 990 |
| 2012 | $2.2M | $1.8M | $4.9M | $0 | — | View 990 |
| 2011 | $3.0M | $964K | $4.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.3M, expenses of $4.0M, and assets of $7.4M (revenue -7.0% year-over-year).
- 2022: Revenue of $3.6M, expenses of $3.3M, and assets of $8.0M (revenue -7.8% year-over-year).
- 2021: Revenue of $3.9M, expenses of $2.3M, and assets of $7.7M (revenue +33.4% year-over-year).
- 2020: Revenue of $2.9M, expenses of $3.6M, and assets of $6.1M (revenue -8.0% year-over-year).
- 2019: Revenue of $3.1M, expenses of $2.4M, and assets of $6.9M (revenue +111.7% year-over-year).
- 2015: Revenue of $1.5M, expenses of $2.6M, and assets of $5.8M (revenue -59.6% year-over-year).
- 2014: Revenue of $3.7M, expenses of $2.8M, and assets of $7.0M (revenue +22.0% year-over-year).
- 2013: Revenue of $3.0M, expenses of $1.8M, and assets of $6.1M (revenue +35.1% year-over-year).
- 2012: Revenue of $2.2M, expenses of $1.8M, and assets of $4.9M (revenue -25.8% year-over-year).
- 2011: Revenue of $3.0M, expenses of $964K, and assets of $4.5M.
Data Sources and Methodology
This transparency report for Setton 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.