Sloat Prince Foundation Anm Non Profit Corporation
Sloat Prince Foundation maintains assets despite volatile revenue and consistent operating deficits.
EIN: 205352209 · Raton, NM · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $514K |
| Total Expenses | $49K |
| Program Spending | 80% |
| Net Assets | $906K |
| Transparency Score | 70/100 |
Is Sloat Prince Foundation Anm Non Profit Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sloat Prince Foundation Anm Non Profit Corporation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sloat Prince Foundation Anm Non Profit Corporation
Sloat Prince Foundation Anm Non Profit Corporation (EIN: 205352209) is a nonprofit organization based in Raton, NM, classified under NTEE code T22. The organization reported total revenue of $514K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sloat Prince Foundation Anm Non Profit Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sloat Prince Foundation Anm Non Profit Corporation is a small nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $37K |
| Total Expenses | $49K |
| Surplus / Deficit | $-11,715 |
| Total Assets | $906K |
| Total Liabilities | $1 |
| Net Assets | $906K |
| Operating Margin | -31.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 223.1 months |
Financial Health Grade: B
In 2023, Sloat Prince Foundation Anm Non Profit Corporation reported a deficit of $12K with expenses exceeding revenue, holds 223.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -130.3% | +0.2% | -9.0% |
| 2021 | +186.8% | +1.5% | +2.3% |
| 2020 | -54.8% | +5.0% | -3.2% |
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 Sloat Prince Foundation Anm Non Profit Corporation with a Mission Score of 70 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: 20%
- programs: 80%
- fundraising: 0%
According to IRS 990 filings, Sloat Prince Foundation Anm Non Profit Corporation allocates its expenses as follows: admin: 20%, programs: 80%, fundraising: 0%. 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 $12K, 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 no funds are allocated to officer salaries, which is highly unusual for an organization of this asset size and suggests a volunteer-led or very lean operational structure.
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 Sloat Prince Foundation Anm Non Profit Corporation's IRS 990 filings:
- Consistent operating deficits (expenses exceeding revenue) in multiple years, e.g., 2023, 2022, 2020, 2015, 2013, 2012, 2011.
- Highly volatile and frequently negative revenue figures, indicating an unstable funding model.
- Lack of detailed expense breakdown beyond officer compensation, making it difficult to assess program efficiency.
Strengths
The following positive indicators were identified for Sloat Prince Foundation Anm Non Profit Corporation:
- Substantial asset base (over $900,000) providing financial stability despite revenue challenges.
- Consistently reports 0% officer compensation, indicating resources are not diverted to executive salaries.
- Minimal liabilities, suggesting sound debt management.
Frequently Asked Questions about Sloat Prince Foundation Anm Non Profit Corporation
Is Sloat Prince Foundation Anm Non Profit Corporation a legitimate charity?
Sloat Prince Foundation Anm Non Profit Corporation (EIN: 205352209) is a registered tax-exempt nonprofit based in New Mexico. Our AI analysis gives it a Mission Score of 70/100. It has 10 years of IRS 990 filings on record. Total revenue: $514K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Sloat Prince Foundation Anm Non Profit Corporation spend its money?
Sloat Prince Foundation Anm Non Profit Corporation directs 80% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Sloat Prince Foundation Anm Non Profit Corporation tax-deductible?
Sloat Prince Foundation Anm Non Profit Corporation is registered as a tax-exempt nonprofit (EIN: 205352209). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Sloat Prince Foundation Anm Non Profit Corporation compare to similar nonprofits?
With a transparency score of 70/100 (Good), Sloat Prince Foundation Anm Non Profit Corporation 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 Sloat Prince Foundation Anm Non Profit Corporation located?
Sloat Prince Foundation Anm Non Profit Corporation is headquartered in Raton, New Mexico and files with the IRS under EIN 205352209. It is classified under NTEE code T22.
How many years of IRS 990 filings does Sloat Prince Foundation Anm Non Profit Corporation have?
Sloat Prince Foundation Anm Non Profit Corporation 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 $514K in total revenue.
How does Sloat Prince Foundation cover its expenses given its frequently negative or low revenue?
The foundation appears to cover its expenses by drawing from its substantial asset base, which consistently exceeds $900,000. For instance, in 2022, with revenue of $-26,600 and expenses of $64,687, the deficit was absorbed by its assets.
What are the primary program activities of the Sloat Prince Foundation?
Based on the NTEE code T22 (Philanthropy, Voluntarism, and Grantmaking Foundations), the foundation likely engages in grantmaking or supporting other charitable organizations. However, specific program details are not available in the provided financial data.
Is the Sloat Prince Foundation financially sustainable in the long term with its current revenue trends?
The current trend of volatile and often negative revenue, coupled with consistent expenses, suggests that the foundation is drawing down its assets over time. While its asset base is substantial, this model is not sustainable indefinitely without a significant increase in consistent positive revenue generation.
Filing History
IRS 990 filing history for Sloat Prince Foundation Anm Non Profit Corporation showing financial trends over 10 years of public records:
Total assets decreased by 16.3% over the same period, from $1.1M to $906K. Total functional expenses fell by 10.4%, from $54K to $49K. In its most recent filing year (2023), Sloat Prince Foundation Anm Non Profit Corporation reported a deficit of $12K, with expenses exceeding revenue. The organization holds $1 in liabilities against $906K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $906K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $37K | $49K | $906K | $1 | — | — |
| 2022 | $-26,600 | $65K | $917K | $1 | — | View 990 |
| 2021 | $88K | $65K | $1.0M | $1 | — | — |
| 2020 | $31K | $64K | $986K | $1 | — | — |
| 2019 | $68K | $61K | $1.0M | $1 | — | View 990 |
| 2015 | $-1,458 | $74K | $1.0M | $0 | — | View 990 |
| 2014 | $115K | $70K | $1.1M | $0 | — | View 990 |
| 2013 | $38K | $58K | $1.0M | $0 | — | View 990 |
| 2012 | $25K | $38K | $1.1M | $0 | — | View 990 |
| 2011 | $-49,310 | $54K | $1.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $37K, expenses of $49K, and assets of $906K.
- 2022: Revenue of $-26,600, expenses of $65K, and assets of $917K (revenue -130.3% year-over-year).
- 2021: Revenue of $88K, expenses of $65K, and assets of $1.0M (revenue +186.8% year-over-year).
- 2020: Revenue of $31K, expenses of $64K, and assets of $986K (revenue -54.8% year-over-year).
- 2019: Revenue of $68K, expenses of $61K, and assets of $1.0M.
- 2015: Revenue of $-1,458, expenses of $74K, and assets of $1.0M (revenue -101.3% year-over-year).
- 2014: Revenue of $115K, expenses of $70K, and assets of $1.1M (revenue +201.0% year-over-year).
- 2013: Revenue of $38K, expenses of $58K, and assets of $1.0M (revenue +51.2% year-over-year).
- 2012: Revenue of $25K, expenses of $38K, and assets of $1.1M.
- 2011: Revenue of $-49,310, expenses of $54K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sloat Prince Foundation Anm Non Profit Corporation:
Data Sources and Methodology
This transparency report for Sloat Prince Foundation Anm Non Profit Corporation 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.