Sharon E Sigesmund Charitablefoundation Inc
Sharon E Sigesmund Charitablefoundation Inc consistently maintains strong asset growth and minimal liabilities with no officer compensation.
EIN: 205898859 · Las Vegas, NV · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $394K |
| Total Expenses | $44K |
| Program Spending | 90% |
| Net Assets | $1.5M |
| Transparency Score | 95/100 |
Is Sharon E Sigesmund Charitablefoundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sharon E Sigesmund Charitablefoundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sharon E Sigesmund Charitablefoundation Inc
Sharon E Sigesmund Charitablefoundation Inc (EIN: 205898859) is a nonprofit organization based in Las Vegas, NV, classified under NTEE code T22. The organization reported total revenue of $394K and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sharon E Sigesmund Charitablefoundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sharon E Sigesmund Charitablefoundation Inc is a small nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $241K |
| Total Expenses | $44K |
| Surplus / Deficit | +$197K |
| Total Assets | $1.5M |
| Total Liabilities | $1 |
| Net Assets | $1.5M |
| Operating Margin | 81.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 417.3 months |
Financial Health Grade: A
In 2023, Sharon E Sigesmund Charitablefoundation Inc reported a surplus of $197K with revenue exceeding expenses, holds 417.3 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), Sharon E Sigesmund Charitablefoundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.4% | -73.5% | +14.9% |
| 2022 | -22.9% | -51.8% | +7.5% |
| 2021 | +33.8% | +50.3% | -0.7% |
| 2020 | +0.1% | +126.1% | +1.8% |
| 2019 | +340.1% | -76.4% | +113.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Sharon E Sigesmund Charitablefoundation Inc with a Mission Score of 95 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, Sharon E Sigesmund Charitablefoundation Inc 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 surplus of $197K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the organization. This is a significant positive for a nonprofit of its size, demonstrating a strong commitment to directing all 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 Sharon E Sigesmund Charitablefoundation Inc:
- Consistent asset growth, from $1,182,404 in 2011 to $1,781,554 currently.
- Zero officer compensation reported across all filings, indicating high dedication of funds to mission.
- Minimal to zero liabilities consistently reported, suggesting strong financial management and low risk.
- Strong revenue exceeding expenses in recent periods, such as 202312 where revenue was $241,030 and expenses were $43,784.
- High spending efficiency, with expenses often being a small fraction of revenue in recent years.
Frequently Asked Questions about Sharon E Sigesmund Charitablefoundation Inc
Is Sharon E Sigesmund Charitablefoundation Inc a legitimate charity?
Sharon E Sigesmund Charitablefoundation Inc (EIN: 205898859) is a registered tax-exempt nonprofit based in Nevada. Our AI analysis gives it a Mission Score of 95/100. It has 10 years of IRS 990 filings on record. Total revenue: $394K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Sharon E Sigesmund Charitablefoundation Inc spend its money?
Sharon E Sigesmund Charitablefoundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Sharon E Sigesmund Charitablefoundation Inc tax-deductible?
Sharon E Sigesmund Charitablefoundation Inc is registered as a tax-exempt nonprofit (EIN: 205898859). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Sharon E Sigesmund Charitablefoundation Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Sharon E Sigesmund Charitablefoundation Inc 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 Sharon E Sigesmund Charitablefoundation Inc located?
Sharon E Sigesmund Charitablefoundation Inc is headquartered in Las Vegas, Nevada and files with the IRS under EIN 205898859. It is classified under NTEE code T22.
How many years of IRS 990 filings does Sharon E Sigesmund Charitablefoundation Inc have?
Sharon E Sigesmund Charitablefoundation 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 $394K in total revenue.
Is Sharon E Sigesmund Charitablefoundation Inc a good charity?
Based on the provided data, the Sharon E Sigesmund Charitablefoundation Inc appears to be a very good charity. It exhibits strong financial health with growing assets, minimal liabilities, and a consistent record of 0% officer compensation, indicating that funds are likely directed efficiently towards its mission.
How has the organization's asset base changed over time?
The organization's assets have shown consistent growth, increasing from $1,182,404 in 2011 to $1,781,554 currently, demonstrating long-term financial stability and accumulation of resources.
What is the trend in expenses relative to revenue?
While there have been periods where expenses exceeded revenue (e.g., 201412 with $253,187 revenue and $538,693 expenses), recent years show a positive trend. In 202312, expenses ($43,784) were significantly lower than revenue ($241,030), indicating improved financial management and efficiency.
Filing History
IRS 990 filing history for Sharon E Sigesmund Charitablefoundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Sharon E Sigesmund Charitablefoundation Inc's revenue has grown by 23.4%, moving from $195K to $241K. Total assets increased by 28.8% over the same period, from $1.2M to $1.5M. Total functional expenses fell by 34.3%, from $67K to $44K. In its most recent filing year (2023), Sharon E Sigesmund Charitablefoundation Inc reported a surplus of $197K, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $241K | $44K | $1.5M | $1 | — | View 990 |
| 2022 | $257K | $165K | $1.3M | $1 | — | View 990 |
| 2021 | $334K | $342K | $1.2M | $1 | — | View 990 |
| 2020 | $250K | $228K | $1.2M | $1 | — | View 990 |
| 2019 | $249K | $101K | $1.2M | $0 | — | View 990 |
| 2015 | $57K | $427K | $572K | $0 | — | View 990 |
| 2014 | $253K | $539K | $942K | $0 | — | View 990 |
| 2013 | $347K | $471K | $1.2M | $1 | — | View 990 |
| 2012 | $226K | $56K | $1.4M | $0 | — | View 990 |
| 2011 | $195K | $67K | $1.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $241K, expenses of $44K, and assets of $1.5M (revenue -6.4% year-over-year).
- 2022: Revenue of $257K, expenses of $165K, and assets of $1.3M (revenue -22.9% year-over-year).
- 2021: Revenue of $334K, expenses of $342K, and assets of $1.2M (revenue +33.8% year-over-year).
- 2020: Revenue of $250K, expenses of $228K, and assets of $1.2M (revenue +0.1% year-over-year).
- 2019: Revenue of $249K, expenses of $101K, and assets of $1.2M (revenue +340.1% year-over-year).
- 2015: Revenue of $57K, expenses of $427K, and assets of $572K (revenue -77.6% year-over-year).
- 2014: Revenue of $253K, expenses of $539K, and assets of $942K (revenue -27.0% year-over-year).
- 2013: Revenue of $347K, expenses of $471K, and assets of $1.2M (revenue +53.8% year-over-year).
- 2012: Revenue of $226K, expenses of $56K, and assets of $1.4M (revenue +15.4% year-over-year).
- 2011: Revenue of $195K, expenses of $67K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sharon E Sigesmund Charitablefoundation Inc:
Data Sources and Methodology
This transparency report for Sharon E Sigesmund Charitablefoundation 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.