Stephen Scott Selig Family Foundation Inc
Stephen Scott Selig Family Foundation experiences significant revenue surge while maintaining minimal assets and no officer compensation.
EIN: 202424943 · Atlanta, GA · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $250K |
| Total Expenses | $21K |
| Program Spending | 90% |
| Net Assets | $6K |
| Transparency Score | 85/100 |
Is Stephen Scott Selig 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 →
Stephen Scott Selig Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Stephen Scott Selig Family Foundation Inc
Stephen Scott Selig Family Foundation Inc (EIN: 202424943) is a nonprofit organization based in Atlanta, GA, classified under NTEE code T22. The organization reported total revenue of $250K and total assets of $1 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Stephen Scott Selig Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Stephen Scott Selig Family Foundation Inc is a small nonprofit that has been operating for 21 years, with 5 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of 8.6%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $25K |
| Total Expenses | $21K |
| Surplus / Deficit | +$4K |
| Total Assets | $6K |
| Total Liabilities | $1 |
| Net Assets | $6K |
| Operating Margin | 14.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 3.3 months |
Financial Health Grade: A
In 2015, Stephen Scott Selig Family Foundation Inc reported a surplus of $4K with revenue exceeding expenses, holds 3.3 months of operating reserves (adequate), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 5 years of filings (2011–2015), Stephen Scott Selig Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | +38.9% | +8.1% | +160.6% |
| 2014 | +0.0% | -15.9% | -44.6% |
| 2013 | +0.0% | +104.8% | -57.9% |
| 2012 | +0.0% | -53.3% | +210.3% |
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 Stephen Scott Selig Family Foundation 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Stephen Scott Selig Family Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $4K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not reported as officer compensation, which is highly efficient for a foundation of this size.
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 Stephen Scott Selig Family Foundation Inc's IRS 990 filings:
- Extremely low asset base ($1) despite significant recent revenue, which could indicate a lack of financial reserves or a very rapid pass-through model that might limit long-term stability.
Strengths
The following positive indicators were identified for Stephen Scott Selig Family Foundation Inc:
- Consistent 0% officer compensation, indicating high efficiency and volunteer-driven leadership.
- Significant increase in revenue in the latest period ($250,000), suggesting increased donor support or capacity.
- Historically low liabilities ($1), indicating sound financial management with minimal debt.
Frequently Asked Questions about Stephen Scott Selig Family Foundation Inc
Is Stephen Scott Selig Family Foundation Inc a legitimate charity?
Stephen Scott Selig Family Foundation Inc (EIN: 202424943) is a registered tax-exempt nonprofit based in Georgia. Our AI analysis gives it a Mission Score of 85/100. It has 5 years of IRS 990 filings on record. Total revenue: $250K. 1 red flag identified. 3 strengths noted. Financial health grade: A.
How does Stephen Scott Selig Family Foundation Inc spend its money?
Stephen Scott Selig Family Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Stephen Scott Selig Family Foundation Inc tax-deductible?
Stephen Scott Selig Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 202424943). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Stephen Scott Selig Family Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Stephen Scott Selig Family Foundation 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 Stephen Scott Selig Family Foundation Inc located?
Stephen Scott Selig Family Foundation Inc is headquartered in Atlanta, Georgia and files with the IRS under EIN 202424943. It is classified under NTEE code T22.
How many years of IRS 990 filings does Stephen Scott Selig Family Foundation Inc have?
Stephen Scott Selig Family Foundation Inc has 5 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 $250K in total revenue.
How does the foundation manage to operate with only $1 in assets, especially with a recent revenue of $250,000?
The extremely low asset base suggests a pass-through model where funds are distributed quickly, rather than accumulated. This is common for smaller family foundations that aim to disburse grants promptly.
What specific programs or grants did the foundation support with its recent $250,000 in revenue?
The provided data does not detail specific program expenditures, only overall expenses. Further examination of the full 990 forms would be needed to identify specific grant recipients or program areas.
Given the NTEE code T22 (Philanthropy, Voluntarism, and Grantmaking Foundations), how does the foundation ensure its grantmaking is effective?
While the NTEE code indicates its purpose, the provided financial data does not offer insights into the foundation's grantmaking effectiveness or evaluation processes. This would require reviewing program descriptions and impact reports if available.
Filing History
IRS 990 filing history for Stephen Scott Selig Family Foundation Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), Stephen Scott Selig Family Foundation Inc's revenue has grown by 38.9%, moving from $18K to $25K. Total assets increased by 88.6% over the same period, from $3K to $6K. Total functional expenses fell by 13.1%, from $25K to $21K. In its most recent filing year (2015), Stephen Scott Selig Family Foundation Inc reported a surplus of $4K, with revenue exceeding expenses. The organization holds $1 in liabilities against $6K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $6K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $25K | $21K | $6K | $1 | — | View 990 |
| 2014 | $18K | $20K | $2K | $1 | — | View 990 |
| 2013 | $18K | $24K | $4K | $1 | — | View 990 |
| 2012 | $18K | $11K | $10K | $1 | — | View 990 |
| 2011 | $18K | $25K | $3K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $25K, expenses of $21K, and assets of $6K (revenue +38.9% year-over-year).
- 2014: Revenue of $18K, expenses of $20K, and assets of $2K (revenue +0.0% year-over-year).
- 2013: Revenue of $18K, expenses of $24K, and assets of $4K (revenue +0.0% year-over-year).
- 2012: Revenue of $18K, expenses of $11K, and assets of $10K (revenue +0.0% year-over-year).
- 2011: Revenue of $18K, expenses of $25K, and assets of $3K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Stephen Scott Selig Family Foundation Inc:
Data Sources and Methodology
This transparency report for Stephen Scott Selig 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.