Stegall Seminary Scholarshipendowment Foundation
Stegall Seminary Scholarshipendowment Foundation maintains robust endowment and zero reported officer compensation.
EIN: 208956069 · Montgomery, AL · NTEE: X12 · Updated: 2026-03-28
Is Stegall Seminary Scholarshipendowment Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Stegall Seminary Scholarshipendowment Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Stegall Seminary Scholarshipendowment Foundation
Stegall Seminary Scholarshipendowment Foundation (EIN: 208956069) is a nonprofit organization based in Montgomery, AL, classified under NTEE code X12. The organization reported total revenue of $636K and total assets of $8.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Stegall Seminary Scholarshipendowment Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Stegall Seminary Scholarshipendowment Foundation is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $649K |
| Total Expenses | $537K |
| Surplus / Deficit | +$112K |
| Total Assets | $8.0M |
| Net Assets | $8.0M |
| Operating Margin | 17.3% |
| Months of Reserves | 178.7 months |
Financial Health Grade: A
In 2023, Stegall Seminary Scholarshipendowment Foundation reported a surplus of $112K with revenue exceeding expenses, holds 178.7 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Stegall Seminary Scholarshipendowment Foundation's revenue has grown at a compound annual growth rate (CAGR) of 2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +18.3% | -11.7% | +1.4% |
| 2022 | -20.4% | +15.3% | -0.7% |
| 2021 | -26.0% | +9.7% | +2.0% |
| 2020 | -2.5% | -11.4% | +48.8% |
| 2019 | -16.3% | -9.0% | +8.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 Stegall Seminary Scholarshipendowment Foundation with a Mission Score of 92 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Stegall Seminary Scholarshipendowment Foundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $112K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated below IRS reporting thresholds for officers, directors, trustees, and key employees, which is highly favorable for a foundation of its size with assets exceeding $8 million.
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 Stegall Seminary Scholarshipendowment Foundation:
- Strong and growing asset base ($8,104,694 currently)
- Consistent 0% reported officer compensation
- Low to no liabilities across most filing periods
- Consistent revenue generation supporting its mission
- High program spending efficiency implied by mission and expense structure
Frequently Asked Questions about Stegall Seminary Scholarshipendowment Foundation
Is Stegall Seminary Scholarshipendowment Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Stegall Seminary Scholarshipendowment Foundation (EIN: 208956069) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Stegall Seminary Scholarshipendowment Foundation spend its money?
Stegall Seminary Scholarshipendowment Foundation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Stegall Seminary Scholarshipendowment Foundation tax-deductible?
Stegall Seminary Scholarshipendowment Foundation is registered as a tax-exempt nonprofit (EIN: 208956069). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Stegall Seminary Scholarshipendowment Foundation a good charity?
Based on its financial data, the Stegall Seminary Scholarshipendowment Foundation appears to be a very good charity. It maintains a strong asset base ($8.1 million), consistently directs funds towards its mission (scholarships), and reports 0% officer compensation, indicating high efficiency and dedication to its cause.
How does the foundation manage its expenses?
The foundation manages its expenses efficiently, with total expenses ranging from $425,473 to $607,562 over the past decade. Given its NTEE code, the vast majority of these expenses are likely direct program costs for scholarships, with minimal administrative overhead and no reported fundraising expenses.
What is the trend in the foundation's assets?
The foundation's assets have shown consistent growth, increasing from $3,647,270 in 2014 to $8,104,694 currently. This indicates effective investment and management of its endowment, allowing for sustained support of its mission.
Does the foundation have any debt?
The foundation generally operates with very low to no debt. Most filings show $0 in liabilities, with only a few instances of minor liabilities (e.g., $2,354 in 2022, $2,200 in 2020), indicating strong financial solvency.
Filing History
IRS 990 filing history for Stegall Seminary Scholarshipendowment Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Stegall Seminary Scholarshipendowment Foundation's revenue has grown by 28.1%, moving from $507K to $649K. Total assets increased by 205.3% over the same period, from $2.6M to $8.0M. Total functional expenses rose by 140.1%, from $224K to $537K. In its most recent filing year (2023), Stegall Seminary Scholarshipendowment Foundation reported a surplus of $112K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $649K | $537K | $8.0M | $0 | — | — |
| 2022 | $548K | $608K | $7.9M | $2K | — | View 990 |
| 2021 | $689K | $527K | $7.9M | $0 | — | View 990 |
| 2020 | $931K | $480K | $7.8M | $2K | — | View 990 |
| 2019 | $954K | $542K | $5.2M | $0 | — | View 990 |
| 2018 | $1.1M | $596K | $4.8M | $0 | — | View 990 |
| 2017 | $740K | $519K | $4.3M | $0 | — | View 990 |
| 2016 | $738K | $464K | $4.1M | $0 | — | View 990 |
| 2015 | $578K | $447K | $3.8M | $0 | — | View 990 |
| 2014 | $698K | $425K | $3.6M | $0 | — | View 990 |
| 2013 | $547K | $355K | $3.4M | $0 | — | View 990 |
| 2012 | $941K | $291K | $3.2M | $34K | — | View 990 |
| 2011 | $507K | $224K | $2.6M | $64K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $649K, expenses of $537K, and assets of $8.0M (revenue +18.3% year-over-year).
- 2022: Revenue of $548K, expenses of $608K, and assets of $7.9M (revenue -20.4% year-over-year).
- 2021: Revenue of $689K, expenses of $527K, and assets of $7.9M (revenue -26.0% year-over-year).
- 2020: Revenue of $931K, expenses of $480K, and assets of $7.8M (revenue -2.5% year-over-year).
- 2019: Revenue of $954K, expenses of $542K, and assets of $5.2M (revenue -16.3% year-over-year).
- 2018: Revenue of $1.1M, expenses of $596K, and assets of $4.8M (revenue +54.1% year-over-year).
- 2017: Revenue of $740K, expenses of $519K, and assets of $4.3M (revenue +0.2% year-over-year).
- 2016: Revenue of $738K, expenses of $464K, and assets of $4.1M (revenue +27.7% year-over-year).
- 2015: Revenue of $578K, expenses of $447K, and assets of $3.8M (revenue -17.1% year-over-year).
- 2014: Revenue of $698K, expenses of $425K, and assets of $3.6M (revenue +27.6% year-over-year).
- 2013: Revenue of $547K, expenses of $355K, and assets of $3.4M (revenue -41.9% year-over-year).
- 2012: Revenue of $941K, expenses of $291K, and assets of $3.2M (revenue +85.8% year-over-year).
- 2011: Revenue of $507K, expenses of $224K, and assets of $2.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Stegall Seminary Scholarshipendowment Foundation:
Data Sources and Methodology
This transparency report for Stegall Seminary Scholarshipendowment 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.