Steffens Foundation
Steffens Foundation shows fluctuating revenue and expenses, with consistent 0% officer compensation.
EIN: 202420941 · Pullman, WA · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.0M |
| Total Expenses | $1.7M |
| Program Spending | 85% |
| Net Assets | $5.1M |
| Transparency Score | 85/100 |
Is Steffens Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Steffens Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Steffens Foundation
Steffens Foundation (EIN: 202420941) is a nonprofit organization based in Pullman, WA, classified under NTEE code T20. The organization reported total revenue of $1.0M and total assets of $4.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Steffens Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Steffens Foundation is a mid-size nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $1.7M |
| Surplus / Deficit | +$136K |
| Total Assets | $5.1M |
| Total Liabilities | $21K |
| Net Assets | $5.1M |
| Operating Margin | 7.3% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 35.3 months |
Financial Health Grade: A
In 2023, Steffens Foundation reported a surplus of $136K with revenue exceeding expenses, holds 35.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Steffens Foundation's revenue has grown at a compound annual growth rate (CAGR) of 9.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +265.5% | +51.5% | +3.0% |
| 2022 | -34.6% | -34.9% | -11.3% |
| 2021 | +188.9% | +259.0% | -14.8% |
| 2020 | -41.7% | -1.4% | -3.1% |
| 2019 | +15.4% | +27.5% | +5.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Steffens Foundation 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Steffens Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 surplus of $136K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.4%.
Executive Compensation Analysis
The Steffens Foundation consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through mechanisms not classified as officer compensation, which is a strong positive for financial efficiency and transparency.
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 Steffens Foundation's IRS 990 filings:
- Significant year-over-year fluctuations in revenue and expenses, indicating potential instability in funding or program delivery.
- Periods of substantial deficit spending (e.g., 2022 expenses of $1,143,655 against revenue of $511,263), which could deplete reserves if not managed effectively.
Strengths
The following positive indicators were identified for Steffens Foundation:
- Consistent reporting of 0% officer compensation, indicating strong financial efficiency and a commitment to directing funds towards the mission.
- Low liabilities across all reported periods, suggesting good financial management and minimal debt burden.
- Robust asset base, even with recent declines, providing a cushion for operations and future programs.
Frequently Asked Questions about Steffens Foundation
Is Steffens Foundation a legitimate charity?
Steffens Foundation (EIN: 202420941) is a registered tax-exempt nonprofit based in Washington. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.0M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Steffens Foundation spend its money?
Steffens Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Steffens Foundation tax-deductible?
Steffens Foundation is registered as a tax-exempt nonprofit (EIN: 202420941). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Steffens Foundation's spending goes to programs?
Steffens Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Steffens Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Steffens Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Steffens Foundation located?
Steffens Foundation is headquartered in Pullman, Washington and files with the IRS under EIN 202420941. It is classified under NTEE code T20.
How many years of IRS 990 filings does Steffens Foundation have?
Steffens Foundation 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 $1.0M in total revenue.
Is Steffens Foundation a good charity?
Based on the consistent 0% officer compensation and generally low liabilities, the Steffens Foundation appears to be a financially responsible organization. However, the significant fluctuations in revenue and expenses, with periods of substantial deficit spending, suggest a need for more consistent financial planning.
What caused the large revenue increase in 2023?
The 2023 filing shows a significant revenue increase to $1,868,732 from $511,263 in 2022. The IRS 990 would need to be reviewed to identify the specific sources of this increased income, such as large grants, donations, or investment gains.
Why did assets decrease from $6.7M in 2019 to $5.1M in 2023?
The decline in assets from $6,767,469 in 2019 to $5,099,781 in 2023 could be due to several factors, including investment losses, significant program expenditures exceeding revenue in certain years (e.g., 2021 and 2022), or asset divestment. A detailed review of the balance sheet and statement of functional expenses would be necessary to pinpoint the exact reasons.
Filing History
IRS 990 filing history for Steffens Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Steffens Foundation's revenue has grown by 186.6%, moving from $652K to $1.9M. Total assets decreased by 8.4% over the same period, from $5.6M to $5.1M. Total functional expenses rose by 486.4%, from $295K to $1.7M. In its most recent filing year (2023), Steffens Foundation reported a surplus of $136K, with revenue exceeding expenses. The organization holds $21K in liabilities against $5.1M in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $5.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $1.7M | $5.1M | $21K | — | — |
| 2022 | $511K | $1.1M | $4.9M | $8K | — | View 990 |
| 2021 | $781K | $1.8M | $5.6M | $8K | — | View 990 |
| 2020 | $271K | $489K | $6.6M | $6K | — | View 990 |
| 2019 | $464K | $496K | $6.8M | $1 | — | — |
| 2015 | $402K | $389K | $6.4M | $1 | — | View 990 |
| 2014 | $1.1M | $385K | $6.4M | $13K | — | View 990 |
| 2013 | $361K | $311K | $5.7M | $0 | — | View 990 |
| 2012 | $325K | $235K | $5.7M | $0 | — | View 990 |
| 2011 | $652K | $295K | $5.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $1.7M, and assets of $5.1M (revenue +265.5% year-over-year).
- 2022: Revenue of $511K, expenses of $1.1M, and assets of $4.9M (revenue -34.6% year-over-year).
- 2021: Revenue of $781K, expenses of $1.8M, and assets of $5.6M (revenue +188.9% year-over-year).
- 2020: Revenue of $271K, expenses of $489K, and assets of $6.6M (revenue -41.7% year-over-year).
- 2019: Revenue of $464K, expenses of $496K, and assets of $6.8M (revenue +15.4% year-over-year).
- 2015: Revenue of $402K, expenses of $389K, and assets of $6.4M (revenue -62.7% year-over-year).
- 2014: Revenue of $1.1M, expenses of $385K, and assets of $6.4M (revenue +199.3% year-over-year).
- 2013: Revenue of $361K, expenses of $311K, and assets of $5.7M (revenue +11.1% year-over-year).
- 2012: Revenue of $325K, expenses of $235K, and assets of $5.7M (revenue -50.2% year-over-year).
- 2011: Revenue of $652K, expenses of $295K, and assets of $5.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Steffens Foundation:
Data Sources and Methodology
This transparency report for Steffens 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.