Sioda Family Foundation Inc
Sioda Family Foundation shows strong recent financial growth with zero officer compensation.
EIN: 204004369 · Boonsboro, MD · NTEE: T21 · Updated: 2026-03-28
Is Sioda Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sioda Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sioda Family Foundation Inc
Sioda Family Foundation Inc (EIN: 204004369) is a nonprofit organization based in Boonsboro, MD, classified under NTEE code T21. The organization reported total revenue of $247K and total assets of $599K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sioda Family Foundation Inc'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 Sioda Family Foundation Inc 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, Sioda Family Foundation Inc 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 consistently reported as 0% across all filing periods, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for a foundation of its 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 Sioda Family Foundation Inc's IRS 990 filings:
- Fluctuating revenue and expense patterns in earlier years, indicating potential instability before recent growth.
Strengths
The following positive indicators were identified for Sioda Family Foundation Inc:
- Consistent 0% officer compensation across all reported periods.
- Significant revenue growth and positive net income in the latest filing period (202312: Revenue=$342,000, Expenses=$97,368).
- Low liabilities reported across most filing periods, indicating sound financial management.
- Substantial increase in assets from $145,917 in 202212 to $390,549 in 202312.
Frequently Asked Questions about Sioda Family Foundation Inc
Is Sioda Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Sioda Family Foundation Inc (EIN: 204004369) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Sioda Family Foundation Inc spend its money?
Sioda Family Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Sioda Family Foundation Inc tax-deductible?
Sioda Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 204004369). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Sioda Family Foundation Inc. a good charity?
Based on the provided financial data, the Sioda Family Foundation Inc. appears to be a good charity, especially given its consistent zero officer compensation and recent strong financial performance with revenue significantly exceeding expenses in 202312 ($342,000 revenue vs. $97,368 expenses).
How has the foundation's financial health changed over time?
The foundation's financial health has improved significantly in recent years. While there were periods of higher expenses than revenue (e.g., 201112, 201312), the 202312 filing shows robust revenue ($342,000) far exceeding expenses ($97,368), leading to substantial asset growth.
What is the organization's approach to executive compensation?
The organization has a consistent approach of not paying any officer compensation, as indicated by 0% officer compensation across all ten filing periods. This suggests a volunteer-driven leadership model.
Filing History
IRS 990 filing history for Sioda Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Sioda Family Foundation Inc's revenue has grown by 229.6%, moving from $104K to $342K. Total assets increased by 1330.1% over the same period, from $27K to $391K. Total functional expenses fell by 49.4%, from $192K to $97K. In its most recent filing year (2023), Sioda Family Foundation Inc reported a surplus of $245K, with revenue exceeding expenses. The organization holds $1 in liabilities against $391K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $391K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $342K | $97K | $391K | $1 | — | View 990 |
| 2022 | $5K | $118K | $146K | $1 | — | View 990 |
| 2021 | $56K | $68K | $259K | $1 | — | View 990 |
| 2020 | $34K | $29K | $270K | $1 | — | — |
| 2019 | $56K | $64K | $265K | $0 | — | View 990 |
| 2015 | $78K | $24K | $88K | $0 | — | View 990 |
| 2014 | $28K | $33K | $34K | $0 | — | View 990 |
| 2013 | $73K | $74K | $39K | $0 | — | View 990 |
| 2012 | $150K | $38K | $40K | $0 | — | View 990 |
| 2011 | $104K | $192K | $27K | $100K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $342K, expenses of $97K, and assets of $391K (revenue +6570.6% year-over-year).
- 2022: Revenue of $5K, expenses of $118K, and assets of $146K (revenue -90.9% year-over-year).
- 2021: Revenue of $56K, expenses of $68K, and assets of $259K (revenue +64.3% year-over-year).
- 2020: Revenue of $34K, expenses of $29K, and assets of $270K (revenue -39.1% year-over-year).
- 2019: Revenue of $56K, expenses of $64K, and assets of $265K (revenue -27.8% year-over-year).
- 2015: Revenue of $78K, expenses of $24K, and assets of $88K (revenue +179.4% year-over-year).
- 2014: Revenue of $28K, expenses of $33K, and assets of $34K (revenue -62.0% year-over-year).
- 2013: Revenue of $73K, expenses of $74K, and assets of $39K (revenue -51.2% year-over-year).
- 2012: Revenue of $150K, expenses of $38K, and assets of $40K (revenue +44.9% year-over-year).
- 2011: Revenue of $104K, expenses of $192K, and assets of $27K.
Data Sources and Methodology
This transparency report for Sioda Family Foundation 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.