Ssab Foundation For Education Inc
Ssab Foundation For Education Inc operates with stable revenue and expenses, reporting no officer compensation.
EIN: 201173879 · Mobile, AL · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $100K |
| Total Expenses | $100K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $100,150 |
| Net Assets | $117K |
| Transparency Score | 85/100 |
Is Ssab Foundation For Education Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ssab Foundation For Education Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ssab Foundation For Education Inc
Ssab Foundation For Education Inc (EIN: 201173879) is a nonprofit organization based in Mobile, AL, classified under NTEE code T22. The organization reported total revenue of $100K and total assets of $117K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ssab Foundation For Education Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ssab Foundation For Education Inc is a small nonprofit that has been operating for 21 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 22.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $100K |
| Total Expenses | $100K |
| Surplus / Deficit | $-100 |
| Total Assets | $117K |
| Total Liabilities | $1 |
| Net Assets | $117K |
| Operating Margin | -0.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 14.0 months |
Financial Health Grade: B
In 2023, Ssab Foundation For Education Inc reported a deficit of $100 with expenses exceeding revenue, holds 14.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2023), Ssab Foundation For Education Inc's revenue has grown at a compound annual growth rate (CAGR) of 22.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.0% | +0.3% | -0.1% |
| 2022 | +0.0% | +0.0% | +0.1% |
| 2021 | +66666.7% | — | +0.1% |
| 2020 | -95.7% | -100.0% | +0.1% |
| 2019 | -98.3% | — | -63.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2005 |
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 Ssab Foundation For Education 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: 80%
- fundraising: 5%
According to IRS 990 filings, Ssab Foundation For Education Inc 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 $100, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly efficient for an organization of its size with $100,150 in latest revenue.
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 Ssab Foundation For Education Inc's IRS 990 filings:
- Lack of detailed expense breakdown in provided data makes full spending efficiency analysis difficult.
Strengths
The following positive indicators were identified for Ssab Foundation For Education Inc:
- Consistent revenue and expense levels in recent years ($100,150 revenue, $100,250 expenses in 2023).
- Zero officer compensation reported across all filings, indicating volunteer leadership.
- Stable asset base ($116,634 in 2023) with minimal liabilities ($1 in 2023).
- Consistent IRS 990 filing history (11 filings), demonstrating transparency.
Frequently Asked Questions about Ssab Foundation For Education Inc
Is Ssab Foundation For Education Inc a legitimate charity?
Ssab Foundation For Education Inc (EIN: 201173879) is a registered tax-exempt nonprofit based in Alabama. Our AI analysis gives it a Mission Score of 85/100. It has 11 years of IRS 990 filings on record. Total revenue: $100K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Ssab Foundation For Education Inc spend its money?
Ssab Foundation For Education Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Ssab Foundation For Education Inc tax-deductible?
Ssab Foundation For Education Inc is registered as a tax-exempt nonprofit (EIN: 201173879). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Ssab Foundation For Education Inc CEO make?
Ssab Foundation For Education Inc's highest-compensated officer earns $100,150 annually. The organization reported $100K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Ssab Foundation For Education Inc's spending goes to programs?
Ssab Foundation For Education Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Ssab Foundation For Education Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Ssab Foundation For Education Inc 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 Ssab Foundation For Education Inc located?
Ssab Foundation For Education Inc is headquartered in Mobile, Alabama and files with the IRS under EIN 201173879. It is classified under NTEE code T22.
How many years of IRS 990 filings does Ssab Foundation For Education Inc have?
Ssab Foundation For Education Inc has 11 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 $100K in total revenue.
Is Ssab Foundation For Education Inc a good charity?
Based on the provided data, Ssab Foundation For Education Inc appears to be a financially stable organization with consistent revenue and expenses. The absence of officer compensation suggests a strong commitment to directing funds towards its mission. However, without detailed program spending information, a full assessment of its programmatic impact is limited.
How does Ssab Foundation For Education Inc manage its assets?
The organization has maintained a relatively stable asset base, with $116,634 in assets in 2023. There have been fluctuations, such as a higher asset base of $316,171 in 2018, but it has since stabilized around the current level, indicating prudent management without significant debt (liabilities are consistently low).
What is the trend in Ssab Foundation For Education Inc's revenue?
Ssab Foundation For Education Inc has shown consistent revenue of $100,150 in the last three reported periods (2021-2023). Prior to this, revenue fluctuated significantly, from $150 in 2020 to $202,623 in 2018, suggesting a period of stabilization in recent years.
Filing History
IRS 990 filing history for Ssab Foundation For Education Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Ssab Foundation For Education Inc's revenue has grown by 1003.6%, moving from $9K to $100K. Total assets decreased by 41.2% over the same period, from $198K to $117K. Total functional expenses rose by 965.1%, from $9K to $100K. In its most recent filing year (2023), Ssab Foundation For Education Inc reported a deficit of $100, with expenses exceeding revenue. The organization holds $1 in liabilities against $117K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $117K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $100K | $100K | $117K | $1 | — | — |
| 2022 | $100K | $100K | $117K | $1 | — | View 990 |
| 2021 | $100K | $100K | $117K | $1 | — | View 990 |
| 2020 | $150 | $0 | $116K | $1 | — | View 990 |
| 2019 | $3K | $203K | $116K | $0 | — | View 990 |
| 2018 | $203K | $0 | $316K | $0 | — | View 990 |
| 2015 | $104K | $110K | $219K | $0 | — | View 990 |
| 2014 | $108K | $411 | $224K | $0 | — | View 990 |
| 2013 | $209K | $198K | $116K | $0 | — | View 990 |
| 2012 | $8K | $101K | $105K | $0 | — | View 990 |
| 2011 | $9K | $9K | $198K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $100K, expenses of $100K, and assets of $117K (revenue +0.0% year-over-year).
- 2022: Revenue of $100K, expenses of $100K, and assets of $117K (revenue +0.0% year-over-year).
- 2021: Revenue of $100K, expenses of $100K, and assets of $117K (revenue +66666.7% year-over-year).
- 2020: Revenue of $150, expenses of $0, and assets of $116K (revenue -95.7% year-over-year).
- 2019: Revenue of $3K, expenses of $203K, and assets of $116K (revenue -98.3% year-over-year).
- 2018: Revenue of $203K, expenses of $0, and assets of $316K (revenue +94.0% year-over-year).
- 2015: Revenue of $104K, expenses of $110K, and assets of $219K (revenue -3.5% year-over-year).
- 2014: Revenue of $108K, expenses of $411, and assets of $224K (revenue -48.2% year-over-year).
- 2013: Revenue of $209K, expenses of $198K, and assets of $116K (revenue +2545.7% year-over-year).
- 2012: Revenue of $8K, expenses of $101K, and assets of $105K (revenue -13.0% year-over-year).
- 2011: Revenue of $9K, expenses of $9K, and assets of $198K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ssab Foundation For Education Inc:
Data Sources and Methodology
This transparency report for Ssab Foundation For Education 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.