Siegfried Petersen Educational Tr
Siegfried Petersen Educational Tr maintains stable assets but faces recent operating deficits.
EIN: 201021305 · Tipton, IA · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $106K |
| Total Expenses | $37K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $972K |
| Transparency Score | 75/100 |
Is Siegfried Petersen Educational Tr Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Siegfried Petersen Educational Tr directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Siegfried Petersen Educational Tr
Siegfried Petersen Educational Tr (EIN: 201021305) is a nonprofit organization based in Tipton, IA, classified under NTEE code T22. The organization reported total revenue of $106K and total assets of $1000K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Siegfried Petersen Educational Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Siegfried Petersen Educational Tr is a small nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $22K |
| Total Expenses | $37K |
| Surplus / Deficit | $-15,004 |
| Total Assets | $972K |
| Total Liabilities | $1 |
| Net Assets | $972K |
| Operating Margin | -68.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 317.1 months |
Financial Health Grade: B
In 2023, Siegfried Petersen Educational Tr reported a deficit of $15K with expenses exceeding revenue, holds 317.1 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), Siegfried Petersen Educational Tr's revenue has grown at a compound annual growth rate (CAGR) of 4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -48.1% | -7.6% | +5.4% |
| 2022 | -9.0% | -6.3% | -12.9% |
| 2021 | -2.8% | +26.4% | -0.1% |
| 2020 | -19.4% | +172.5% | +0.5% |
| 2019 | +1043.7% | +113.2% | +5.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Siegfried Petersen Educational Tr 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Siegfried Petersen Educational Tr 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 deficit of $15K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either unpaid or compensated through other means not reported as officer compensation, which is highly favorable for a nonprofit of its size with assets near $1 million.
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 Siegfried Petersen Educational Tr's IRS 990 filings:
- Operating deficit in 2023 ($21,784 revenue vs. $36,788 expenses)
- Declining revenue trend over the past few years (e.g., $58,866 in 2019 to $21,784 in 2023)
Strengths
The following positive indicators were identified for Siegfried Petersen Educational Tr:
- Consistent assets around $1 million, indicating financial stability
- 0% officer compensation reported across all filings, demonstrating efficient use of funds
- Long history of operations with 10 available IRS 990 filings, showing transparency and longevity
- Low liabilities ($1 in recent years), indicating minimal debt burden
Frequently Asked Questions about Siegfried Petersen Educational Tr
Is Siegfried Petersen Educational Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Siegfried Petersen Educational Tr (EIN: 201021305) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Siegfried Petersen Educational Tr spend its money?
Siegfried Petersen Educational Tr directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Siegfried Petersen Educational Tr tax-deductible?
Siegfried Petersen Educational Tr is registered as a tax-exempt nonprofit (EIN: 201021305). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Siegfried Petersen Educational Tr CEO make?
Siegfried Petersen Educational Tr's highest-compensated officer earns $1 annually. The organization reported $106K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Siegfried Petersen Educational Tr's spending goes to programs?
Siegfried Petersen Educational Tr directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Siegfried Petersen Educational Tr compare to similar nonprofits?
With a transparency score of 75/100 (Good), Siegfried Petersen Educational Tr 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 Siegfried Petersen Educational Tr located?
Siegfried Petersen Educational Tr is headquartered in Tipton, Iowa and files with the IRS under EIN 201021305. It is classified under NTEE code T22.
How many years of IRS 990 filings does Siegfried Petersen Educational Tr have?
Siegfried Petersen Educational Tr 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 $106K in total revenue.
Is Siegfried Petersen Educational Tr experiencing financial difficulties given the 2023 deficit?
While the 2023 filing shows expenses ($36,788) exceeding revenue ($21,784), the organization's substantial assets ($972,258) suggest it can absorb short-term deficits. However, a sustained trend of deficits could impact its long-term financial health.
How does the organization fund its operations with 0% officer compensation?
The consistent reporting of 0% officer compensation implies that leadership may be volunteer-based or compensated through non-officer roles, which is a strong indicator of efficient use of funds for a nonprofit of this size.
What is the trend in the organization's revenue?
Revenue has shown a general decline in recent years, from $58,866 in 2019 to $21,784 in 2023, which is a concern for sustainability if not addressed.
Filing History
IRS 990 filing history for Siegfried Petersen Educational Tr showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Siegfried Petersen Educational Tr's revenue has grown by 65.5%, moving from $13K to $22K. Total assets decreased by 3.3% over the same period, from $1.0M to $972K. Total functional expenses rose by 132.1%, from $16K to $37K. In its most recent filing year (2023), Siegfried Petersen Educational Tr reported a deficit of $15K, with expenses exceeding revenue. The organization holds $1 in liabilities against $972K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $972K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $22K | $37K | $972K | $1 | — | — |
| 2022 | $42K | $40K | $922K | $1 | — | — |
| 2021 | $46K | $43K | $1.1M | $1 | — | — |
| 2020 | $47K | $34K | $1.1M | $1 | — | — |
| 2019 | $59K | $12K | $1.1M | $1 | — | View 990 |
| 2015 | $5K | $6K | $999K | $0 | — | View 990 |
| 2014 | $6K | $9K | $999K | $0 | — | View 990 |
| 2013 | $8K | $10K | $1.0M | $0 | — | View 990 |
| 2012 | $10K | $10K | $1.0M | $0 | — | View 990 |
| 2011 | $13K | $16K | $1.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $22K, expenses of $37K, and assets of $972K (revenue -48.1% year-over-year).
- 2022: Revenue of $42K, expenses of $40K, and assets of $922K (revenue -9.0% year-over-year).
- 2021: Revenue of $46K, expenses of $43K, and assets of $1.1M (revenue -2.8% year-over-year).
- 2020: Revenue of $47K, expenses of $34K, and assets of $1.1M (revenue -19.4% year-over-year).
- 2019: Revenue of $59K, expenses of $12K, and assets of $1.1M (revenue +1043.7% year-over-year).
- 2015: Revenue of $5K, expenses of $6K, and assets of $999K (revenue -8.2% year-over-year).
- 2014: Revenue of $6K, expenses of $9K, and assets of $999K (revenue -26.2% year-over-year).
- 2013: Revenue of $8K, expenses of $10K, and assets of $1.0M (revenue -27.2% year-over-year).
- 2012: Revenue of $10K, expenses of $10K, and assets of $1.0M (revenue -20.7% year-over-year).
- 2011: Revenue of $13K, expenses of $16K, and assets of $1.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Siegfried Petersen Educational Tr:
Data Sources and Methodology
This transparency report for Siegfried Petersen Educational Tr 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.