Steven J & Patricia A Andersen Foundation
Steven J & Patricia A Andersen Foundation consistently operates near break-even with zero officer compensation and minimal assets.
EIN: 202067632 · Farmington, UT · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $210K |
| Total Expenses | $116K |
| Program Spending | 90% |
| Net Assets | $1K |
| Transparency Score | 85/100 |
Is Steven J & Patricia A Andersen Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Steven J & Patricia A Andersen Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Steven J & Patricia A Andersen Foundation
Steven J & Patricia A Andersen Foundation (EIN: 202067632) is a nonprofit organization based in Farmington, UT, classified under NTEE code T22. The organization reported total revenue of $210K and total assets of $4K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Steven J & Patricia A Andersen Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Steven J & Patricia A Andersen Foundation is a small nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -6.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $116K |
| Total Expenses | $116K |
| Surplus / Deficit | $-154 |
| Total Assets | $1K |
| Total Liabilities | $1 |
| Net Assets | $1K |
| Operating Margin | -0.1% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 0.1 months |
Financial Health Grade: C
In 2023, Steven J & Patricia A Andersen Foundation reported a deficit of $154 with expenses exceeding revenue, holds 0.1 months of operating reserves (limited), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Steven J & Patricia A Andersen Foundation's revenue has declined at a compound annual growth rate (CAGR) of -6.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.6% | -5.7% | -13.0% |
| 2022 | +324.8% | +412.1% | -77.2% |
| 2021 | +76.0% | +7.1% | +330.0% |
| 2020 | -66.1% | -44.7% | -84.3% |
| 2019 | -55.2% | -67.6% | +50.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Steven J & Patricia A Andersen 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, Steven J & Patricia A Andersen 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $154, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, which is highly favorable for minimizing administrative overhead.
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 Steven J & Patricia A Andersen Foundation's IRS 990 filings:
- Lack of detailed expense breakdown in provided data, making it difficult to fully assess program efficiency.
Strengths
The following positive indicators were identified for Steven J & Patricia A Andersen Foundation:
- Consistent 0% officer compensation, indicating efficient use of funds for leadership.
- Very low liabilities (often $1), suggesting strong financial management and minimal debt.
- Consistent filing of IRS Form 990s, demonstrating transparency.
- Operates near break-even, indicating active distribution of funds rather than accumulation.
Frequently Asked Questions about Steven J & Patricia A Andersen Foundation
Is Steven J & Patricia A Andersen Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Steven J & Patricia A Andersen Foundation (EIN: 202067632) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Steven J & Patricia A Andersen Foundation spend its money?
Steven J & Patricia A Andersen Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Steven J & Patricia A Andersen Foundation tax-deductible?
Steven J & Patricia A Andersen Foundation is registered as a tax-exempt nonprofit (EIN: 202067632). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Steven J & Patricia A Andersen Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Steven J & Patricia A Andersen Foundation 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 Steven J & Patricia A Andersen Foundation located?
Steven J & Patricia A Andersen Foundation is headquartered in Farmington, Utah and files with the IRS under EIN 202067632. It is classified under NTEE code T22.
How many years of IRS 990 filings does Steven J & Patricia A Andersen Foundation have?
Steven J & Patricia A Andersen 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 $210K in total revenue.
Is the Steven J & Patricia A Andersen Foundation a good charity?
Based on the available IRS 990 data, the foundation demonstrates strong financial prudence by consistently reporting zero officer compensation and operating near break-even, suggesting that funds are primarily used for its charitable purpose rather than accumulating wealth or paying high salaries. However, without detailed program expense breakdowns, it's difficult to fully assess the impact of its grants.
How does the foundation manage its assets?
The foundation consistently maintains a very low asset base, often around $1,000-$5,000, despite significant annual revenues. This indicates a model where funds are distributed quickly rather than being held as an endowment, suggesting an active grant-making approach.
What is the trend in the foundation's revenue and expenses?
Revenue and expenses have fluctuated over the years, with a high of $250,000 revenue in 2011 and a low of $15,915 in 2020. In most periods, expenses closely match or slightly exceed revenue, indicating that the foundation spends nearly all its incoming funds annually.
Filing History
IRS 990 filing history for Steven J & Patricia A Andersen Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Steven J & Patricia A Andersen Foundation's revenue has declined by 53.6%, moving from $250K to $116K. Total assets decreased by 95% over the same period, from $20K to $1K. Total functional expenses fell by 54%, from $252K to $116K. In its most recent filing year (2023), Steven J & Patricia A Andersen Foundation reported a deficit of $154, with expenses exceeding revenue. The organization holds $1 in liabilities against $1K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $1K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $116K | $116K | $1K | $1 | — | View 990 |
| 2022 | $119K | $123K | $1K | $1 | — | View 990 |
| 2021 | $28K | $24K | $5K | $1 | — | View 990 |
| 2020 | $16K | $22K | $1K | $1 | — | View 990 |
| 2019 | $47K | $41K | $8K | $1 | — | — |
| 2015 | $105K | $125K | $5K | $1 | — | View 990 |
| 2014 | $160K | $167K | $25K | $1 | — | View 990 |
| 2013 | $110K | $99K | $32K | $0 | — | View 990 |
| 2012 | $105K | $104K | $21K | $0 | — | View 990 |
| 2011 | $250K | $252K | $20K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $116K, expenses of $116K, and assets of $1K (revenue -2.6% year-over-year).
- 2022: Revenue of $119K, expenses of $123K, and assets of $1K (revenue +324.8% year-over-year).
- 2021: Revenue of $28K, expenses of $24K, and assets of $5K (revenue +76.0% year-over-year).
- 2020: Revenue of $16K, expenses of $22K, and assets of $1K (revenue -66.1% year-over-year).
- 2019: Revenue of $47K, expenses of $41K, and assets of $8K (revenue -55.2% year-over-year).
- 2015: Revenue of $105K, expenses of $125K, and assets of $5K (revenue -34.4% year-over-year).
- 2014: Revenue of $160K, expenses of $167K, and assets of $25K (revenue +45.5% year-over-year).
- 2013: Revenue of $110K, expenses of $99K, and assets of $32K (revenue +4.8% year-over-year).
- 2012: Revenue of $105K, expenses of $104K, and assets of $21K (revenue -58.0% year-over-year).
- 2011: Revenue of $250K, expenses of $252K, and assets of $20K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Steven J & Patricia A Andersen Foundation:
Data Sources and Methodology
This transparency report for Steven J & Patricia A Andersen 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.