Steger Family Foundation Inc
Steger Family Foundation maintains strong assets and zero executive compensation despite fluctuating revenues and expenses.
EIN: 20730378 · Martinsville, NJ · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $364K |
| Total Expenses | $181K |
| Program Spending | 95% |
| Net Assets | $2.0M |
| Transparency Score | 90/100 |
Is Steger Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Steger Family Foundation Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Steger Family Foundation Inc
Steger Family Foundation Inc (EIN: 20730378) is a nonprofit organization based in Martinsville, NJ, classified under NTEE code T20. The organization reported total revenue of $364K and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Steger Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Steger Family Foundation Inc is a small nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 16.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $90K |
| Total Expenses | $181K |
| Surplus / Deficit | $-90,437 |
| Total Assets | $2.0M |
| Total Liabilities | $1 |
| Net Assets | $2.0M |
| Operating Margin | -100.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 133.1 months |
Financial Health Grade: B
In 2023, Steger Family Foundation Inc reported a deficit of $90K with expenses exceeding revenue, holds 133.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Steger Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 16.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +142.1% | +35.5% | -4.3% |
| 2022 | +46.1% | +282.2% | -4.4% |
| 2021 | -95.5% | -82.5% | -0.6% |
| 2020 | +155.8% | +544.2% | +7.2% |
| 2019 | +1803.6% | -6.1% | +70.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Steger Family Foundation Inc with a Mission Score of 90 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, Steger Family Foundation Inc 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 deficit of $90K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the foundation. This is highly favorable, suggesting that all available funds are directed towards the foundation's mission and operational costs, rather than executive salaries.
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 Steger Family Foundation Inc's IRS 990 filings:
- Significant year-to-year revenue volatility, making financial planning potentially challenging.
- Large fluctuations in annual expenses, which could indicate inconsistent program delivery or grantmaking.
Strengths
The following positive indicators were identified for Steger Family Foundation Inc:
- Consistent zero officer compensation, maximizing funds for mission.
- Very low liabilities ($1 across all filings), indicating strong financial solvency.
- Strong asset base, consistently over $2 million in recent years, providing financial stability.
- High program spending efficiency due to minimal administrative overhead.
Frequently Asked Questions about Steger Family Foundation Inc
Is Steger Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Steger Family Foundation Inc (EIN: 20730378) some concerns. Mission Score: 90/100. 2 red flags identified, 4 strengths noted.
How does Steger Family Foundation Inc spend its money?
Steger Family Foundation Inc directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Steger Family Foundation Inc tax-deductible?
Steger Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 20730378). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Steger Family Foundation Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Steger Family Foundation Inc 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 Steger Family Foundation Inc located?
Steger Family Foundation Inc is headquartered in Martinsville, New Jersey and files with the IRS under EIN 20730378. It is classified under NTEE code T20.
How many years of IRS 990 filings does Steger Family Foundation Inc have?
Steger Family Foundation Inc 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 $364K in total revenue.
How does the Steger Family Foundation manage its grantmaking or program distribution with such variable annual expenses?
The significant fluctuation in annual expenses, from $1,186 in 2012 to $180,692 in 2023, suggests a flexible or responsive grantmaking strategy, possibly tied to available revenue or specific project opportunities rather than a fixed annual program budget. Further details on their grantmaking process would clarify this.
What is the primary source of the foundation's revenue, given its volatility?
The revenue has varied widely, from $9,872 in 2012 to $571,744 in 2020. This volatility could indicate reliance on investment income, large one-time donations, or specific grant cycles. The 990 forms would typically detail revenue sources, but without that, it's difficult to pinpoint.
How does the foundation sustain its operations with zero officer compensation?
The absence of officer compensation suggests that the foundation is either entirely volunteer-run at the executive level, or that administrative functions are handled by unpaid board members or through external, non-compensated support. This is a highly efficient model for resource allocation.
Filing History
IRS 990 filing history for Steger Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Steger Family Foundation Inc's revenue has grown by 530.9%, moving from $14K to $90K. Total assets increased by 158.3% over the same period, from $776K to $2.0M. Total functional expenses rose by 14401.8%, from $1K to $181K. In its most recent filing year (2023), Steger Family Foundation Inc reported a deficit of $90K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $90K | $181K | $2.0M | $1 | — | — |
| 2022 | $37K | $133K | $2.1M | $1 | — | View 990 |
| 2021 | $26K | $35K | $2.2M | $1 | — | — |
| 2020 | $572K | $199K | $2.2M | $1 | — | — |
| 2019 | $224K | $31K | $2.1M | $1 | — | View 990 |
| 2015 | $12K | $33K | $1.2M | $1 | — | View 990 |
| 2014 | $262K | $25K | $1.2M | $1 | — | View 990 |
| 2013 | $238K | $30K | $993K | $1 | — | View 990 |
| 2012 | $10K | $1K | $785K | $1 | — | View 990 |
| 2011 | $14K | $1K | $776K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $90K, expenses of $181K, and assets of $2.0M (revenue +142.1% year-over-year).
- 2022: Revenue of $37K, expenses of $133K, and assets of $2.1M (revenue +46.1% year-over-year).
- 2021: Revenue of $26K, expenses of $35K, and assets of $2.2M (revenue -95.5% year-over-year).
- 2020: Revenue of $572K, expenses of $199K, and assets of $2.2M (revenue +155.8% year-over-year).
- 2019: Revenue of $224K, expenses of $31K, and assets of $2.1M (revenue +1803.6% year-over-year).
- 2015: Revenue of $12K, expenses of $33K, and assets of $1.2M (revenue -95.5% year-over-year).
- 2014: Revenue of $262K, expenses of $25K, and assets of $1.2M (revenue +10.1% year-over-year).
- 2013: Revenue of $238K, expenses of $30K, and assets of $993K (revenue +2312.2% year-over-year).
- 2012: Revenue of $10K, expenses of $1K, and assets of $785K (revenue -31.0% year-over-year).
- 2011: Revenue of $14K, expenses of $1K, and assets of $776K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Steger Family Foundation Inc:
Data Sources and Methodology
This transparency report for Steger Family Foundation 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.