Sugar Industry Technologists Inc
Sugar Industry Technologists Inc. consistently operates near break-even with no officer compensation.
EIN: 135541680 · New Orleans, LA · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $179K |
| Total Expenses | $227K |
| Program Spending | 80% |
| Net Assets | $258K |
| Transparency Score | 75/100 |
Is Sugar Industry Technologists Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sugar Industry Technologists Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sugar Industry Technologists Inc
Sugar Industry Technologists Inc (EIN: 135541680) is a nonprofit organization based in New Orleans, LA. The organization reported total revenue of $179K and total assets of $275K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sugar Industry Technologists Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sugar Industry Technologists Inc is a small nonprofit that has been operating for 66 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 4.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $202K |
| Total Expenses | $227K |
| Surplus / Deficit | $-24,614 |
| Total Assets | $263K |
| Total Liabilities | $5K |
| Net Assets | $258K |
| Operating Margin | -12.2% |
| Debt-to-Asset Ratio | 1.9% |
| Months of Reserves | 13.9 months |
Financial Health Grade: B
In 2023, Sugar Industry Technologists Inc reported a deficit of $25K with expenses exceeding revenue, holds 13.9 months of operating reserves (strong position), has a debt-to-asset ratio of 1.9% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Sugar Industry Technologists Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +52.4% | +28.6% | -13.7% |
| 2022 | +94.7% | +176.1% | -13.8% |
| 2021 | -1.3% | -35.1% | +0.9% |
| 2020 | -51.8% | -34.4% | -7.6% |
| 2019 | -30.2% | -18.9% | +1.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1960 |
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 Sugar Industry Technologists Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Sugar Industry Technologists Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $25K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.9%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating a volunteer-led organization or one where leadership compensation is not a significant financial outlay, which is a positive sign for resource allocation.
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 Sugar Industry Technologists Inc's IRS 990 filings:
- Declining asset base over recent years (from $378,694 in 2019 to $262,566 in 2023)
- Expenses frequently exceed revenue, leading to operational deficits (e.g., $24,614 deficit in 2023, $43,653 in 2022)
Strengths
The following positive indicators were identified for Sugar Industry Technologists Inc:
- Consistent 0% officer compensation, indicating strong financial transparency and volunteer leadership.
- Low liabilities across all reported periods, suggesting sound debt management.
- Long filing history (12 filings) indicates sustained operation and compliance.
Frequently Asked Questions about Sugar Industry Technologists Inc
Is Sugar Industry Technologists Inc a legitimate charity?
Sugar Industry Technologists Inc (EIN: 135541680) is a registered tax-exempt nonprofit based in Louisiana. Our AI analysis gives it a Mission Score of 75/100. It has 12 years of IRS 990 filings on record. Total revenue: $179K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Sugar Industry Technologists Inc spend its money?
Sugar Industry Technologists Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Sugar Industry Technologists Inc tax-deductible?
Sugar Industry Technologists Inc is registered as a tax-exempt nonprofit (EIN: 135541680). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Sugar Industry Technologists Inc's spending goes to programs?
Sugar Industry Technologists Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Sugar Industry Technologists Inc located?
Sugar Industry Technologists Inc is headquartered in New Orleans, Louisiana and files with the IRS under EIN 135541680.
How many years of IRS 990 filings does Sugar Industry Technologists Inc have?
Sugar Industry Technologists 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 $179K in total revenue.
What are the specific program activities funded by Sugar Industry Technologists Inc.?
The provided data does not detail specific program activities, but the organization's name suggests a focus on supporting technologists in the sugar industry, likely through conferences, research, or educational initiatives.
Why have the organization's assets been declining over the past few years?
Assets have decreased from $378,694 in 2019 to $262,566 in 2023. This could be due to using reserves to cover operational deficits (e.g., 2023 expenses exceeded revenue by $24,614) or a strategic decision to reduce holdings, but the exact reason is not specified in the summary data.
How does the organization manage its fundraising efforts given its revenue fluctuations?
Revenue has fluctuated significantly, from $68,084 in 2021 to $222,448 in 2016. The data does not provide a breakdown of fundraising costs, but the overall operational model suggests a reliance on membership fees, conference revenues, or grants that vary year-to-year.
Filing History
IRS 990 filing history for Sugar Industry Technologists Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Sugar Industry Technologists Inc's revenue has grown by 61.7%, moving from $125K to $202K. Total assets decreased by 27.3% over the same period, from $361K to $263K. Total functional expenses rose by 81.3%, from $125K to $227K. In its most recent filing year (2023), Sugar Industry Technologists Inc reported a deficit of $25K, with expenses exceeding revenue. The organization holds $5K in liabilities against $263K in assets (debt-to-asset ratio: 1.9%), resulting in net assets of $258K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $202K | $227K | $263K | $5K | — | — |
| 2022 | $133K | $176K | $304K | $15K | — | View 990 |
| 2021 | $68K | $64K | $353K | $0 | — | View 990 |
| 2020 | $69K | $98K | $350K | $1K | — | View 990 |
| 2019 | $143K | $150K | $379K | $530 | — | View 990 |
| 2018 | $205K | $185K | $373K | $0 | — | View 990 |
| 2017 | $183K | $144K | $366K | $1K | — | View 990 |
| 2016 | $222K | $234K | $345K | $610 | — | View 990 |
| 2015 | $191K | $190K | $337K | $10K | — | View 990 |
| 2014 | $173K | $155K | $326K | $11K | — | View 990 |
| 2013 | $162K | $135K | $304K | $2K | — | View 990 |
| 2012 | $125K | $125K | $361K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $202K, expenses of $227K, and assets of $263K (revenue +52.4% year-over-year).
- 2022: Revenue of $133K, expenses of $176K, and assets of $304K (revenue +94.7% year-over-year).
- 2021: Revenue of $68K, expenses of $64K, and assets of $353K (revenue -1.3% year-over-year).
- 2020: Revenue of $69K, expenses of $98K, and assets of $350K (revenue -51.8% year-over-year).
- 2019: Revenue of $143K, expenses of $150K, and assets of $379K (revenue -30.2% year-over-year).
- 2018: Revenue of $205K, expenses of $185K, and assets of $373K (revenue +12.1% year-over-year).
- 2017: Revenue of $183K, expenses of $144K, and assets of $366K (revenue -17.8% year-over-year).
- 2016: Revenue of $222K, expenses of $234K, and assets of $345K (revenue +16.3% year-over-year).
- 2015: Revenue of $191K, expenses of $190K, and assets of $337K (revenue +10.3% year-over-year).
- 2014: Revenue of $173K, expenses of $155K, and assets of $326K (revenue +7.1% year-over-year).
- 2013: Revenue of $162K, expenses of $135K, and assets of $304K (revenue +29.5% year-over-year).
- 2012: Revenue of $125K, expenses of $125K, and assets of $361K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sugar Industry Technologists Inc:
Data Sources and Methodology
This transparency report for Sugar Industry Technologists 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.