Severson Family Foundation
Severson Family Foundation maintains stable assets with no officer compensation amidst fluctuating revenues and expenses.
EIN: 206326223 · St Louis Park, MN · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $265K |
| Total Expenses | $376K |
| Program Spending | 90% |
| Net Assets | $781K |
| Transparency Score | 85/100 |
Is Severson Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Severson Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Severson Family Foundation
Severson Family Foundation (EIN: 206326223) is a nonprofit organization based in St Louis Park, MN, classified under NTEE code T22. The organization reported total revenue of $265K and total assets of $781K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Severson Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Severson Family Foundation is a small nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 17.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $365K |
| Total Expenses | $376K |
| Surplus / Deficit | $-11,363 |
| Total Assets | $781K |
| Total Liabilities | $1 |
| Net Assets | $781K |
| Operating Margin | -3.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 24.9 months |
Financial Health Grade: B
In 2023, Severson Family Foundation reported a deficit of $11K with expenses exceeding revenue, holds 24.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Severson Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 17.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +115.8% | +77.2% | -1.4% |
| 2022 | -41.3% | -34.4% | -5.2% |
| 2021 | +275.6% | +267.8% | -4.1% |
| 2020 | -44.3% | -72.5% | -1.3% |
| 2019 | +14.5% | +382.6% | +20.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Severson Family 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Severson Family Foundation 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $11K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly commendable for a foundation 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 Severson Family Foundation's IRS 990 filings:
- Expenses have exceeded revenue in several recent periods (e.g., 2023, 2022, 2021, 2019), indicating reliance on asset drawdowns or prior year surpluses.
Strengths
The following positive indicators were identified for Severson Family Foundation:
- Consistent 0% officer compensation, indicating high efficiency and dedication of resources to mission.
- Minimal liabilities ($1 in recent years), demonstrating strong financial health and low debt.
- Stable and healthy asset base, providing a solid foundation for future grantmaking.
- Consistent IRS 990 filing history, indicating good transparency and compliance.
Frequently Asked Questions about Severson Family Foundation
Is Severson Family Foundation a legitimate charity?
Severson Family Foundation (EIN: 206326223) is a registered tax-exempt nonprofit based in Minnesota. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $265K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Severson Family Foundation spend its money?
Severson Family Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Severson Family Foundation tax-deductible?
Severson Family Foundation is registered as a tax-exempt nonprofit (EIN: 206326223). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Severson Family Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Severson Family Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Severson Family Foundation located?
Severson Family Foundation is headquartered in St Louis Park, Minnesota and files with the IRS under EIN 206326223. It is classified under NTEE code T22.
How many years of IRS 990 filings does Severson Family Foundation have?
Severson Family 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 $265K in total revenue.
Is the Severson Family Foundation financially stable?
Yes, the foundation appears financially stable. Its assets have consistently been robust, reaching $780,979 in 2023, and liabilities have been minimal ($1 in recent years), indicating a strong balance sheet.
Does the Severson Family Foundation pay its officers?
No, the IRS 990 filings consistently report 0% officer compensation, meaning no salaries are paid to its executives.
What is the trend in the foundation's revenue and expenses?
Revenue and expenses have fluctuated significantly over the past decade. For example, revenue was $51,406 in 2011 and $365,075 in 2023, while expenses ranged from $34,338 in 2011 to $376,438 in 2023.
How transparent is the Severson Family Foundation?
The foundation demonstrates good transparency by consistently filing its IRS Form 990s for over a decade, making its financial data publicly available.
Filing History
IRS 990 filing history for Severson Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Severson Family Foundation's revenue has grown by 610.2%, moving from $51K to $365K. Total assets increased by 142.9% over the same period, from $322K to $781K. Total functional expenses rose by 996.3%, from $34K to $376K. In its most recent filing year (2023), Severson Family Foundation reported a deficit of $11K, with expenses exceeding revenue. The organization holds $1 in liabilities against $781K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $781K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $365K | $376K | $781K | $1 | — | View 990 |
| 2022 | $169K | $212K | $792K | $1 | — | View 990 |
| 2021 | $288K | $324K | $836K | $1 | — | — |
| 2020 | $77K | $88K | $871K | $1 | — | — |
| 2019 | $138K | $320K | $882K | $1 | — | — |
| 2015 | $120K | $66K | $734K | $0 | — | View 990 |
| 2014 | $233K | $94K | $680K | $0 | — | View 990 |
| 2013 | $152K | $49K | $541K | $0 | — | View 990 |
| 2012 | $167K | $50K | $438K | $0 | — | View 990 |
| 2011 | $51K | $34K | $322K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $365K, expenses of $376K, and assets of $781K (revenue +115.8% year-over-year).
- 2022: Revenue of $169K, expenses of $212K, and assets of $792K (revenue -41.3% year-over-year).
- 2021: Revenue of $288K, expenses of $324K, and assets of $836K (revenue +275.6% year-over-year).
- 2020: Revenue of $77K, expenses of $88K, and assets of $871K (revenue -44.3% year-over-year).
- 2019: Revenue of $138K, expenses of $320K, and assets of $882K (revenue +14.5% year-over-year).
- 2015: Revenue of $120K, expenses of $66K, and assets of $734K (revenue -48.3% year-over-year).
- 2014: Revenue of $233K, expenses of $94K, and assets of $680K (revenue +53.1% year-over-year).
- 2013: Revenue of $152K, expenses of $49K, and assets of $541K (revenue -8.8% year-over-year).
- 2012: Revenue of $167K, expenses of $50K, and assets of $438K (revenue +224.9% year-over-year).
- 2011: Revenue of $51K, expenses of $34K, and assets of $322K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Severson Family Foundation:
Data Sources and Methodology
This transparency report for Severson Family 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.