Studebaker National Museum Foundation Inc
Studebaker National Museum Foundation Inc. exhibits exceptional financial efficiency with minimal expenses and consistent asset growth.
EIN: 208028196 · South Bend, IN · NTEE: A115 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $91K |
| Total Expenses | $6K |
| Program Spending | 95% |
| Net Assets | $1.3M |
| Transparency Score | 95/100 |
Is Studebaker National Museum Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Studebaker National Museum Foundation Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Studebaker National Museum Foundation Inc
Studebaker National Museum Foundation Inc (EIN: 208028196) is a nonprofit organization based in South Bend, IN, classified under NTEE code A115. The organization reported total revenue of $91K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Studebaker National Museum Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Studebaker National Museum Foundation Inc is a micro nonprofit that has been operating for 17 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $53K |
| Total Expenses | $6K |
| Surplus / Deficit | +$47K |
| Total Assets | $1.3M |
| Net Assets | $1.3M |
| Operating Margin | 89.4% |
| Months of Reserves | 2763.2 months |
Financial Health Grade: A
In 2023, Studebaker National Museum Foundation Inc reported a surplus of $47K with revenue exceeding expenses, holds 2763.2 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2011–2023), Studebaker National Museum Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.7% | +5.6% | +16.3% |
| 2022 | -66.3% | -43.9% | -10.7% |
| 2021 | +81.5% | +144.9% | +19.4% |
| 2020 | -38.9% | +191.4% | +18.3% |
| 2019 | +512.2% | -61.9% | +28.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
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 Studebaker National Museum Foundation Inc with a Mission Score of 95 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, Studebaker National Museum 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 surplus of $47K, 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 likely volunteer-based or compensated through an affiliated entity, which is highly favorable for donor funds.
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 Studebaker National Museum Foundation Inc's IRS 990 filings:
- Limited direct program spending reported by the foundation itself (as it's a supporting foundation)
Strengths
The following positive indicators were identified for Studebaker National Museum Foundation Inc:
- Exceptional financial efficiency with very low expense ratios (e.g., $5,579 expenses on $52,531 revenue in 2023)
- Consistent and significant asset growth over time (from $471,120 in 2013 to $1,445,100 currently)
- Zero officer compensation reported across all filings, indicating volunteer leadership or external compensation
- Strong balance sheet with virtually no liabilities reported
- Clear mission as a supporting foundation for the Studebaker National Museum
Frequently Asked Questions about Studebaker National Museum Foundation Inc
Is Studebaker National Museum Foundation Inc a legitimate charity?
Studebaker National Museum Foundation Inc (EIN: 208028196) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 95/100. It has 12 years of IRS 990 filings on record. Total revenue: $91K. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Studebaker National Museum Foundation Inc spend its money?
Studebaker National Museum Foundation Inc directs 95% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Studebaker National Museum Foundation Inc tax-deductible?
Studebaker National Museum Foundation Inc is registered as a tax-exempt nonprofit (EIN: 208028196). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Studebaker National Museum Foundation Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Studebaker National Museum Foundation Inc is above average for NTEE category A115 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Studebaker National Museum Foundation Inc located?
Studebaker National Museum Foundation Inc is headquartered in South Bend, Indiana and files with the IRS under EIN 208028196. It is classified under NTEE code A115.
How many years of IRS 990 filings does Studebaker National Museum Foundation Inc have?
Studebaker National Museum Foundation Inc has 12 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 $91K in total revenue.
Is Studebaker National Museum Foundation Inc. a good charity?
Yes, the Studebaker National Museum Foundation Inc. appears to be a very good charity, especially for those interested in supporting the Studebaker National Museum. It demonstrates exceptional financial efficiency, consistent asset growth, and zero officer compensation, indicating strong fiscal responsibility and a high percentage of funds retained for its mission.
How does the foundation spend its money?
The foundation spends very little of its revenue on direct expenses. For example, in 2023, it had $52,531 in revenue but only $5,579 in expenses. This suggests its primary function is to accumulate and manage assets to support the Studebaker National Museum, rather than direct program delivery, making its 'program' spending effectively the funds it makes available to the museum.
What is the trend in the foundation's assets?
The foundation's assets have shown a strong and consistent upward trend, growing from $471,120 in 2013 to $1,445,100 in the latest filing. This indicates successful financial management and a growing endowment to support its mission.
Does the foundation have any debt?
No, the foundation has consistently reported $0 in liabilities across most of its filing periods, with only a minor exception of $470 in 2016, indicating a very strong and debt-free financial position.
Filing History
IRS 990 filing history for Studebaker National Museum Foundation Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Studebaker National Museum Foundation Inc's revenue has grown by 173.7%, moving from $19K to $53K. Total assets increased by 477.7% over the same period, from $222K to $1.3M. Total functional expenses fell by 34.4%, from $9K to $6K. In its most recent filing year (2023), Studebaker National Museum Foundation Inc reported a surplus of $47K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $53K | $6K | $1.3M | $0 | — | — |
| 2022 | $56K | $5K | $1.1M | $0 | — | — |
| 2021 | $167K | $9K | $1.2M | $0 | — | — |
| 2020 | $92K | $4K | $1.0M | $0 | — | — |
| 2019 | $151K | $1K | $875K | $0 | — | View 990 |
| 2017 | $25K | $3K | $679K | $0 | — | View 990 |
| 2016 | $17K | $3K | $597K | $470 | — | View 990 |
| 2015 | $32K | $3K | $563K | $0 | — | View 990 |
| 2014 | $77K | $2K | $546K | $0 | — | View 990 |
| 2013 | $205K | $900 | $471K | $0 | — | View 990 |
| 2012 | $50K | $2K | $267K | $0 | — | View 990 |
| 2011 | $19K | $9K | $222K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $53K, expenses of $6K, and assets of $1.3M (revenue -6.7% year-over-year).
- 2022: Revenue of $56K, expenses of $5K, and assets of $1.1M (revenue -66.3% year-over-year).
- 2021: Revenue of $167K, expenses of $9K, and assets of $1.2M (revenue +81.5% year-over-year).
- 2020: Revenue of $92K, expenses of $4K, and assets of $1.0M (revenue -38.9% year-over-year).
- 2019: Revenue of $151K, expenses of $1K, and assets of $875K (revenue +512.2% year-over-year).
- 2017: Revenue of $25K, expenses of $3K, and assets of $679K (revenue +42.3% year-over-year).
- 2016: Revenue of $17K, expenses of $3K, and assets of $597K (revenue -46.3% year-over-year).
- 2015: Revenue of $32K, expenses of $3K, and assets of $563K (revenue -58.1% year-over-year).
- 2014: Revenue of $77K, expenses of $2K, and assets of $546K (revenue -62.6% year-over-year).
- 2013: Revenue of $205K, expenses of $900, and assets of $471K (revenue +309.5% year-over-year).
- 2012: Revenue of $50K, expenses of $2K, and assets of $267K (revenue +161.0% year-over-year).
- 2011: Revenue of $19K, expenses of $9K, and assets of $222K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Studebaker National Museum Foundation Inc:
Data Sources and Methodology
This transparency report for Studebaker National Museum 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.