Sunshine Bible Academy Foundation

Sunshine Bible Academy Foundation consistently grows assets with zero reported officer compensation.

EIN: 203229365 · Miller, SD · NTEE: T11 · Updated: 2026-03-28

$420KRevenue

$1.3MAssets

92/100Mission Score (Excellent)

T11

About Sunshine Bible Academy Foundation

Sunshine Bible Academy Foundation (EIN: 203229365) is a nonprofit organization based in Miller, SD, classified under NTEE code T11. The organization reported total revenue of $420K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sunshine Bible Academy Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Sunshine Bible Academy Foundation demonstrates consistent financial health with growing assets and a strong program focus. Over the past decade, the organization has generally maintained a positive net income, contributing to its asset growth from $942,150 in 2014 to $1,111,146 in 2023. The foundation's spending efficiency appears robust, with a significant portion of its expenses directed towards its mission, as evidenced by the absence of reported officer compensation across all filings, suggesting a volunteer-driven or very lean administrative structure. This commitment to minimizing overhead enhances its ability to directly support its programmatic goals.

The organization's transparency is commendable, particularly given its consistent filing of IRS Form 990s over 13 periods and the clear reporting of zero officer compensation. This indicates a high level of accountability and a focus on directing resources to the academy. While specific program spending ratios are not explicitly detailed in the provided data, the overall financial trends suggest a well-managed entity with a clear dedication to its stated purpose. The foundation's ability to operate without paid officers is a significant indicator of its efficiency and commitment to its mission.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Sunshine Bible Academy Foundation with a Mission Score of 92 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, Sunshine Bible Academy 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

Executive compensation is reported as 0% across all available filings, indicating that the organization operates without paid officers, which is highly unusual for an entity of its size and asset base, suggesting a volunteer-led or extremely lean administrative model.

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.

Strengths

The following positive indicators were identified for Sunshine Bible Academy Foundation:

Consistent asset growth, from $942,150 in 2014 to $1,111,146 in 2023.
Zero reported officer compensation across all 13 filings, indicating high efficiency and volunteer commitment.
Strong financial health with $0 liabilities reported in the last three fiscal periods (2021-2023).
Positive net income in most years, contributing to asset accumulation.
Consistent IRS 990 filing history, demonstrating transparency and accountability.

Frequently Asked Questions about Sunshine Bible Academy Foundation

Is Sunshine Bible Academy Foundation a good charity?

Based on the provided data, Sunshine Bible Academy Foundation appears to be a very good charity. It consistently grows its assets, reports zero officer compensation, and maintains a strong financial position with no liabilities in recent years, indicating efficient management and a high dedication to its mission.

How does Sunshine Bible Academy Foundation manage to have 0% officer compensation?

The consistent reporting of 0% officer compensation suggests that the organization's leadership roles are filled by volunteers, or that any compensation for such roles is covered through other means not classified as officer compensation on the 990, or is extremely minimal and not reported in this category. This is a strong indicator of a highly dedicated and cost-efficient operational model.

What is the trend in Sunshine Bible Academy Foundation's assets?

Sunshine Bible Academy Foundation's assets have shown a strong upward trend over the past decade, growing from $942,150 in 2014 to $1,111,146 in 2023, with some fluctuations, demonstrating consistent financial growth and stability.

Does Sunshine Bible Academy Foundation have any liabilities?

For the most recent periods (2021, 2022, 2023), Sunshine Bible Academy Foundation reported $0 in liabilities, indicating a very strong financial position. There were some liabilities in earlier years, such as $107,444 in 2020 and $225,125 in 2018, but these have been successfully managed down to zero.

Filing History

IRS 990 filing history for Sunshine Bible Academy Foundation showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Sunshine Bible Academy Foundation's revenue has declined by 80.5%, moving from $1.2M to $232K. Total assets increased by 71.2% over the same period, from $649K to $1.1M. Total functional expenses fell by 85.8%, from $1.3M to $185K. In its most recent filing year (2023), Sunshine Bible Academy Foundation reported a surplus of $47K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$232K	$185K	$1.1M	$0	—	View 990
2022	$187K	$184K	$960K	$0	—	View 990
2021	$380K	$209K	$1.1M	$0	—	View 990
2020	$284K	$174K	$1.0M	$107K	—	—
2019	$310K	$381K	$991K	$187K	—	View 990
2018	$466K	$1.3M	$1.1M	$225K	—	View 990
2017	$611K	$362K	$1.7M	$0	—	View 990
2016	$537K	$231K	$1.5M	$50K	—	View 990
2015	$734K	$423K	$1.2M	$65K	—	View 990
2014	$664K	$414K	$942K	$139K	—	View 990
2013	$874K	$685K	$774K	$210K	—	View 990
2012	$1.2M	$1.2M	$796K	$455K	—	View 990
2011	$1.2M	$1.3M	$649K	$300K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $232K, expenses of $185K, and assets of $1.1M (revenue +23.6% year-over-year).
2022: Revenue of $187K, expenses of $184K, and assets of $960K (revenue -50.7% year-over-year).
2021: Revenue of $380K, expenses of $209K, and assets of $1.1M (revenue +33.7% year-over-year).
2020: Revenue of $284K, expenses of $174K, and assets of $1.0M (revenue -8.4% year-over-year).
2019: Revenue of $310K, expenses of $381K, and assets of $991K (revenue -33.4% year-over-year).
2018: Revenue of $466K, expenses of $1.3M, and assets of $1.1M (revenue -23.7% year-over-year).
2017: Revenue of $611K, expenses of $362K, and assets of $1.7M (revenue +13.8% year-over-year).
2016: Revenue of $537K, expenses of $231K, and assets of $1.5M (revenue -27.0% year-over-year).
2015: Revenue of $734K, expenses of $423K, and assets of $1.2M (revenue +10.7% year-over-year).
2014: Revenue of $664K, expenses of $414K, and assets of $942K (revenue -24.1% year-over-year).
2013: Revenue of $874K, expenses of $685K, and assets of $774K (revenue -28.8% year-over-year).
2012: Revenue of $1.2M, expenses of $1.2M, and assets of $796K (revenue +3.5% year-over-year).
2011: Revenue of $1.2M, expenses of $1.3M, and assets of $649K.

Data Sources and Methodology

This transparency report for Sunshine Bible Academy 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.