Society For Corporate Governance Inc
Society For Corporate Governance Inc. maintains stable finances with growing assets and no reported officer compensation.
EIN: 131674285 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $9.1M |
| Total Expenses | $4.8M |
| Program Spending | 75% |
| Net Assets | $3.3M |
| Transparency Score | 85/100 |
Is Society For Corporate Governance Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Society For Corporate Governance Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Society For Corporate Governance Inc
Society For Corporate Governance Inc (EIN: 131674285) is a nonprofit organization based in New York, NY. The organization reported total revenue of $9.1M and total assets of $6.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Society For Corporate Governance Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Society For Corporate Governance Inc is a mid-size nonprofit that has been operating for 78 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 3.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.1M |
| Total Expenses | $4.8M |
| Surplus / Deficit | +$331K |
| Total Assets | $6.3M |
| Total Liabilities | $3.0M |
| Net Assets | $3.3M |
| Operating Margin | 6.5% |
| Debt-to-Asset Ratio | 47.4% |
| Months of Reserves | 15.8 months |
Financial Health Grade: A
In 2024, Society For Corporate Governance Inc reported a surplus of $331K with revenue exceeding expenses, holds 15.8 months of operating reserves (strong position), has a debt-to-asset ratio of 47.4% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2024), Society For Corporate Governance Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -1.2% | -7.7% | +15.3% |
| 2023 | +50.0% | +52.6% | +12.5% |
| 2022 | +8.3% | +6.0% | +0.8% |
| 2021 | -35.7% | -36.3% | +5.0% |
| 2020 | -10.5% | +8.5% | -14.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1948 |
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 Society For Corporate Governance 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Society For Corporate Governance Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $331K, with revenue exceeding expenses.
- Debt-to-asset ratio: 47.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership either serves on a volunteer basis or is compensated through other means not categorized as officer compensation, which is a strong positive for financial transparency and efficiency.
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 Society For Corporate Governance Inc:
- Consistent operational surpluses in most years (e.g., $331,258 in 202403).
- Steady growth in assets over the past decade, from $3.5M to $6.3M.
- No reported officer compensation, indicating high transparency and potential volunteer leadership.
- Stable revenue generation, demonstrating consistent support for its activities.
Frequently Asked Questions about Society For Corporate Governance Inc
Is Society For Corporate Governance Inc a legitimate charity?
Society For Corporate Governance Inc (EIN: 131674285) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $9.1M. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Society For Corporate Governance Inc spend its money?
Society For Corporate Governance Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Society For Corporate Governance Inc tax-deductible?
Society For Corporate Governance Inc is registered as a tax-exempt nonprofit (EIN: 131674285). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Society For Corporate Governance Inc's spending goes to programs?
Society For Corporate Governance Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Society For Corporate Governance Inc located?
Society For Corporate Governance Inc is headquartered in New York, New York and files with the IRS under EIN 131674285.
How many years of IRS 990 filings does Society For Corporate Governance Inc have?
Society For Corporate Governance Inc has 14 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 $9.1M in total revenue.
Is Society For Corporate Governance Inc. financially stable?
Yes, the organization appears financially stable, with consistent revenue generation, generally positive net income (e.g., $331,258 surplus in 202403), and a growing asset base from $3.5 million in 2015 to $6.3 million in 2024.
How has the organization's asset base changed over time?
The organization's assets have shown consistent growth, increasing from $3,532,227 in 201503 to $6,297,847 in 202403, indicating a healthy accumulation of resources.
What is the trend in revenue and expenses?
Revenue and expenses have generally increased over the past decade, with revenues often slightly exceeding expenses, leading to operational surpluses in most years (e.g., $5,102,565 revenue vs. $4,771,307 expenses in 202403).
Does the organization pay its officers?
Based on the provided IRS 990 data, the organization consistently reports 0% officer compensation, suggesting that officers are not compensated or are compensated in a manner not reported under this category.
Filing History
IRS 990 filing history for Society For Corporate Governance Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Society For Corporate Governance Inc's revenue has grown by 63.7%, moving from $3.1M to $5.1M. Total assets increased by 104.1% over the same period, from $3.1M to $6.3M. Total functional expenses rose by 46.1%, from $3.3M to $4.8M. In its most recent filing year (2024), Society For Corporate Governance Inc reported a surplus of $331K, with revenue exceeding expenses. The organization holds $3.0M in liabilities against $6.3M in assets (debt-to-asset ratio: 47.4%), resulting in net assets of $3.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $5.1M | $4.8M | $6.3M | $3.0M | — | View 990 |
| 2023 | $5.2M | $5.2M | $5.5M | $2.7M | — | View 990 |
| 2022 | $3.4M | $3.4M | $4.9M | $1.9M | — | View 990 |
| 2021 | $3.2M | $3.2M | $4.8M | $1.8M | — | — |
| 2020 | $4.9M | $5.0M | $4.6M | $2.2M | — | — |
| 2019 | $5.5M | $4.6M | $5.4M | $2.2M | — | View 990 |
| 2018 | $4.6M | $4.4M | $4.1M | $1.8M | — | View 990 |
| 2017 | $4.1M | $3.8M | $3.9M | $1.8M | — | View 990 |
| 2016 | $4.1M | $4.1M | $3.7M | $2.1M | — | View 990 |
| 2015 | $4.0M | $4.3M | $3.5M | $2.2M | — | View 990 |
| 2014 | $3.5M | $3.4M | $3.7M | $1.9M | — | View 990 |
| 2013 | $3.7M | $3.5M | $3.1M | $1.7M | — | View 990 |
| 2012 | $3.4M | $3.7M | $3.0M | $1.7M | — | View 990 |
| 2011 | $3.1M | $3.3M | $3.1M | $1.3M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $5.1M, expenses of $4.8M, and assets of $6.3M (revenue -1.2% year-over-year).
- 2023: Revenue of $5.2M, expenses of $5.2M, and assets of $5.5M (revenue +50.0% year-over-year).
- 2022: Revenue of $3.4M, expenses of $3.4M, and assets of $4.9M (revenue +8.3% year-over-year).
- 2021: Revenue of $3.2M, expenses of $3.2M, and assets of $4.8M (revenue -35.7% year-over-year).
- 2020: Revenue of $4.9M, expenses of $5.0M, and assets of $4.6M (revenue -10.5% year-over-year).
- 2019: Revenue of $5.5M, expenses of $4.6M, and assets of $5.4M (revenue +20.4% year-over-year).
- 2018: Revenue of $4.6M, expenses of $4.4M, and assets of $4.1M (revenue +12.4% year-over-year).
- 2017: Revenue of $4.1M, expenses of $3.8M, and assets of $3.9M (revenue -1.2% year-over-year).
- 2016: Revenue of $4.1M, expenses of $4.1M, and assets of $3.7M (revenue +3.4% year-over-year).
- 2015: Revenue of $4.0M, expenses of $4.3M, and assets of $3.5M (revenue +12.4% year-over-year).
- 2014: Revenue of $3.5M, expenses of $3.4M, and assets of $3.7M (revenue -4.3% year-over-year).
- 2013: Revenue of $3.7M, expenses of $3.5M, and assets of $3.1M (revenue +9.6% year-over-year).
- 2012: Revenue of $3.4M, expenses of $3.7M, and assets of $3.0M (revenue +8.6% year-over-year).
- 2011: Revenue of $3.1M, expenses of $3.3M, and assets of $3.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Society For Corporate Governance Inc:
Data Sources and Methodology
This transparency report for Society For Corporate Governance 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.