Stevan & Cynthia Pearce Charitable Foundation
Stevan & Cynthia Pearce Charitable Foundation maintains over $1 million in assets with no officer compensation reported.
EIN: 10576324 · Hobbs, NM · NTEE: T30 · Updated: 2026-03-27
Is Stevan & Cynthia Pearce Charitable Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Stevan & Cynthia Pearce Charitable Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Stevan & Cynthia Pearce Charitable Foundation
Stevan & Cynthia Pearce Charitable Foundation (EIN: 10576324) is a nonprofit organization based in Hobbs, NM, classified under NTEE code T30. The organization reported total revenue of $110K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Stevan & Cynthia Pearce Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Stevan & Cynthia Pearce Charitable 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: 90%
- fundraising: 0%
According to IRS 990 filings, Stevan & Cynthia Pearce Charitable Foundation 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.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its executives, which is highly efficient for a foundation of its size with assets exceeding $1 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.
Red Flags
The following concerns were identified during AI analysis of Stevan & Cynthia Pearce Charitable Foundation's IRS 990 filings:
- Fluctuating annual revenue, making long-term planning potentially challenging without a stable income source.
Strengths
The following positive indicators were identified for Stevan & Cynthia Pearce Charitable Foundation:
- Consistent asset base over $1 million, demonstrating strong financial stability.
- 0% officer compensation reported across all filings, indicating high efficiency in resource allocation.
- Minimal liabilities ($1 reported consistently), reflecting excellent financial health and low risk.
- Positive net income in most years, contributing to asset growth and sustainability (e.g., 2023: Revenue $173,003 vs. Expenses $56,116).
Frequently Asked Questions about Stevan & Cynthia Pearce Charitable Foundation
Is Stevan & Cynthia Pearce Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Stevan & Cynthia Pearce Charitable Foundation (EIN: 10576324) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Stevan & Cynthia Pearce Charitable Foundation spend its money?
Stevan & Cynthia Pearce Charitable Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Stevan & Cynthia Pearce Charitable Foundation tax-deductible?
Stevan & Cynthia Pearce Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 10576324). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Stevan & Cynthia Pearce Charitable Foundation a good charity?
Based on the provided data, the foundation appears to be a financially sound and efficient charity, consistently maintaining over $1 million in assets and reporting 0% officer compensation. Its low liabilities also suggest good financial management.
How does the foundation manage its expenses relative to its revenue?
The foundation's expenses have generally been well-managed relative to its revenue. For example, in 2023, revenue was $173,003 against expenses of $56,116, indicating a significant surplus. While some years show expenses exceeding revenue (e.g., 2022: Revenue $48,845, Expenses $66,226), the overall asset base remains strong, suggesting these are covered by existing funds.
What is the trend in the foundation's assets?
The foundation's assets have remained consistently above $1.1 million, peaking at $1,410,087 in 2015 and currently standing at $1,358,253. This indicates long-term financial stability and growth in its endowment.
Filing History
IRS 990 filing history for Stevan & Cynthia Pearce Charitable Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Stevan & Cynthia Pearce Charitable Foundation's revenue has grown by 16.6%, moving from $148K to $173K. Total assets increased by 0.5% over the same period, from $1.3M to $1.3M. Total functional expenses fell by 21.9%, from $72K to $56K. In its most recent filing year (2023), Stevan & Cynthia Pearce Charitable Foundation reported a surplus of $117K, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $173K | $56K | $1.3M | $1 | — | View 990 |
| 2022 | $49K | $66K | $1.2M | $1 | — | View 990 |
| 2021 | $141K | $101K | $1.2M | $1 | — | View 990 |
| 2020 | $73K | $68K | $1.2M | $1 | — | View 990 |
| 2019 | $64K | $67K | $1.1M | $1 | — | View 990 |
| 2015 | $196K | $154K | $1.4M | $1 | — | View 990 |
| 2014 | $127K | $82K | $1.4M | $1 | — | View 990 |
| 2013 | $105K | $117K | $1.3M | $1 | — | View 990 |
| 2012 | $112K | $62K | $1.3M | $1 | — | View 990 |
| 2011 | $148K | $72K | $1.3M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $173K, expenses of $56K, and assets of $1.3M (revenue +254.2% year-over-year).
- 2022: Revenue of $49K, expenses of $66K, and assets of $1.2M (revenue -65.4% year-over-year).
- 2021: Revenue of $141K, expenses of $101K, and assets of $1.2M (revenue +92.1% year-over-year).
- 2020: Revenue of $73K, expenses of $68K, and assets of $1.2M (revenue +14.1% year-over-year).
- 2019: Revenue of $64K, expenses of $67K, and assets of $1.1M (revenue -67.2% year-over-year).
- 2015: Revenue of $196K, expenses of $154K, and assets of $1.4M (revenue +54.1% year-over-year).
- 2014: Revenue of $127K, expenses of $82K, and assets of $1.4M (revenue +20.8% year-over-year).
- 2013: Revenue of $105K, expenses of $117K, and assets of $1.3M (revenue -5.7% year-over-year).
- 2012: Revenue of $112K, expenses of $62K, and assets of $1.3M (revenue -24.6% year-over-year).
- 2011: Revenue of $148K, expenses of $72K, and assets of $1.3M.
Data Sources and Methodology
This transparency report for Stevan & Cynthia Pearce Charitable 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.