Spanish Fort Education Enrichment Foundation
EIN: 431994062 · Spanish Fort, AL · NTEE: B112
Is Spanish Fort Education Enrichment Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Spanish Fort Education Enrichment Foundation
Spanish Fort Education Enrichment Foundation (EIN: 431994062) is a nonprofit organization based in Spanish Fort, AL, classified under NTEE code B112. The organization reported total revenue of $76K and total assets of $153K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Spanish Fort Education Enrichment Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Spanish Fort Education Enrichment Foundation is a micro nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 3.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $93K |
| Total Expenses | $63K |
| Surplus / Deficit | +$30K |
| Total Assets | $139K |
| Total Liabilities | $4K |
| Net Assets | $135K |
| Operating Margin | 32.2% |
| Debt-to-Asset Ratio | 3.0% |
| Months of Reserves | 26.7 months |
Financial Health Grade: A
In 2023, Spanish Fort Education Enrichment Foundation reported a surplus of $30K with revenue exceeding expenses, holds 26.7 months of operating reserves (strong position), has a debt-to-asset ratio of 3.0% (very low leverage).
Financial Trends
Over 13 years of filings (2010–2023), Spanish Fort Education Enrichment Foundation's revenue has grown at a compound annual growth rate (CAGR) of 3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +140.7% | -13.0% | +14.9% |
| 2022 | -55.2% | +33.3% | -12.9% |
| 2021 | +160.5% | +148.6% | +29.3% |
| 2020 | -30.0% | -56.7% | +12.2% |
| 2019 | +32.5% | -3.8% | -3.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Spanish Fort Education Enrichment Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Spanish Fort Education Enrichment Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $30K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.0%.
Frequently Asked Questions about Spanish Fort Education Enrichment Foundation
Is Spanish Fort Education Enrichment Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Spanish Fort Education Enrichment Foundation (EIN: 431994062) insufficient data. 0 red flags identified, 0 strengths noted.
How does Spanish Fort Education Enrichment Foundation spend its money?
Detailed spending breakdown data is not yet available for Spanish Fort Education Enrichment Foundation. Check back for updated IRS 990 analysis.
Are donations to Spanish Fort Education Enrichment Foundation tax-deductible?
Spanish Fort Education Enrichment Foundation is registered as a tax-exempt nonprofit (EIN: 431994062). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Spanish Fort Education Enrichment Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2010–2023), Spanish Fort Education Enrichment Foundation's revenue has grown by 50.4%, moving from $62K to $93K. Total assets increased by 4.6% over the same period, from $133K to $139K. Total functional expenses rose by 11%, from $57K to $63K. In its most recent filing year (2023), Spanish Fort Education Enrichment Foundation reported a surplus of $30K, with revenue exceeding expenses. The organization holds $4K in liabilities against $139K in assets (debt-to-asset ratio: 3.0%), resulting in net assets of $135K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $93K | $63K | $139K | $4K | — | — |
| 2022 | $38K | $72K | $121K | $16K | — | View 990 |
| 2021 | $86K | $54K | $139K | $193 | — | View 990 |
| 2020 | $33K | $22K | $108K | $484 | — | — |
| 2019 | $47K | $50K | $96K | $84 | — | View 990 |
| 2018 | $36K | $52K | $100K | $913 | — | View 990 |
| 2017 | $50K | $50K | $116K | $99 | — | View 990 |
| 2016 | $55K | $46K | $115K | $0 | — | View 990 |
| 2015 | $47K | $40K | $106K | $0 | — | View 990 |
| 2014 | $29K | $40K | $100K | $0 | — | View 990 |
| 2013 | $52K | $32K | $110K | $0 | — | View 990 |
| 2011 | $46K | $77K | $103K | $0 | — | View 990 |
| 2010 | $62K | $57K | $133K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $93K, expenses of $63K, and assets of $139K (revenue +140.7% year-over-year).
- 2022: Revenue of $38K, expenses of $72K, and assets of $121K (revenue -55.2% year-over-year).
- 2021: Revenue of $86K, expenses of $54K, and assets of $139K (revenue +160.5% year-over-year).
- 2020: Revenue of $33K, expenses of $22K, and assets of $108K (revenue -30.0% year-over-year).
- 2019: Revenue of $47K, expenses of $50K, and assets of $96K (revenue +32.5% year-over-year).
- 2018: Revenue of $36K, expenses of $52K, and assets of $100K (revenue -29.4% year-over-year).
- 2017: Revenue of $50K, expenses of $50K, and assets of $116K (revenue -7.7% year-over-year).
- 2016: Revenue of $55K, expenses of $46K, and assets of $115K (revenue +15.4% year-over-year).
- 2015: Revenue of $47K, expenses of $40K, and assets of $106K (revenue +64.5% year-over-year).
- 2014: Revenue of $29K, expenses of $40K, and assets of $100K (revenue -45.1% year-over-year).
- 2013: Revenue of $52K, expenses of $32K, and assets of $110K (revenue +12.7% year-over-year).
- 2011: Revenue of $46K, expenses of $77K, and assets of $103K (revenue -24.5% year-over-year).
- 2010: Revenue of $62K, expenses of $57K, and assets of $133K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Spanish Fort Education Enrichment Foundation:
Data Sources and Methodology
This transparency report for Spanish Fort Education Enrichment Foundation 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.