The Nathan Seter Foundation
The Nathan Seter Foundation maintains substantial assets and zero reported officer compensation amidst volatile annual revenues.
EIN: 134150736 · Washington, DC · NTEE: T21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $12.6M |
| Total Expenses | $2.4M |
| Program Spending | 85% |
| Net Assets | $24.4M |
| Transparency Score | 85/100 |
Is The Nathan Seter Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Nathan Seter Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Nathan Seter Foundation
The Nathan Seter Foundation (EIN: 134150736) is a nonprofit organization based in Washington, DC, classified under NTEE code T21. The organization reported total revenue of $12.6M and total assets of $22.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Nathan Seter Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Nathan Seter Foundation is a large nonprofit that has been operating for 24 years, with 11 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -1.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.0M |
| Total Expenses | $2.4M |
| Surplus / Deficit | $-1,319,020 |
| Total Assets | $24.4M |
| Total Liabilities | $1 |
| Net Assets | $24.4M |
| Operating Margin | -127.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 124.2 months |
Financial Health Grade: B
In 2023, The Nathan Seter Foundation reported a deficit of $1.3M with expenses exceeding revenue, holds 124.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 11 years of filings (2010–2023), The Nathan Seter Foundation's revenue has declined at a compound annual growth rate (CAGR) of -1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -86.6% | +17.3% | -5.1% |
| 2022 | +564.4% | +22.9% | +14.7% |
| 2021 | -71.3% | -10.1% | -2.1% |
| 2020 | -36.0% | -2.6% | +10.8% |
| 2019 | -0.9% | -19.1% | +2.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
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 The Nathan Seter 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: 85%
- fundraising: 5%
According to IRS 990 filings, The Nathan Seter Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $1.3M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive leadership is either entirely volunteer-based, compensated through an external entity, or that compensation is not categorized as 'officer compensation' in the reported data.
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 The Nathan Seter Foundation's IRS 990 filings:
- Significant year-over-year revenue volatility, making financial planning potentially challenging.
- Expenses exceeded revenue in 2023 ($2.35M expenses vs. $1.03M revenue), indicating reliance on prior year surpluses or asset drawdowns.
Strengths
The following positive indicators were identified for The Nathan Seter Foundation:
- Consistent reporting of 0% officer compensation, indicating a potentially highly efficient or volunteer-driven leadership model.
- Substantial and growing asset base, increasing from $6.6 million in 2013 to over $24 million in 2023, providing financial stability.
- Extremely low liabilities ($0 or $1 reported), demonstrating strong financial health and minimal debt.
- Long filing history (11 filings), indicating consistent compliance and operational longevity.
Frequently Asked Questions about The Nathan Seter Foundation
Is The Nathan Seter Foundation a legitimate charity?
The Nathan Seter Foundation (EIN: 134150736) is a registered tax-exempt nonprofit based in Washington DC. Our AI analysis gives it a Mission Score of 85/100. It has 11 years of IRS 990 filings on record. Total revenue: $12.6M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does The Nathan Seter Foundation spend its money?
The Nathan Seter Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to The Nathan Seter Foundation tax-deductible?
The Nathan Seter Foundation is registered as a tax-exempt nonprofit (EIN: 134150736). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Nathan Seter Foundation's spending goes to programs?
The Nathan Seter Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Nathan Seter Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), The Nathan Seter Foundation is above average for NTEE category T21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Nathan Seter Foundation located?
The Nathan Seter Foundation is headquartered in Washington, Washington DC and files with the IRS under EIN 134150736. It is classified under NTEE code T21.
How many years of IRS 990 filings does The Nathan Seter Foundation have?
The Nathan Seter Foundation has 11 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 $12.6M in total revenue.
How does The Nathan Seter Foundation manage its significant revenue fluctuations while maintaining stable operations?
The foundation appears to manage revenue volatility by maintaining a substantial asset base, which grew from $6.6 million in 2013 to over $24 million in 2023. This asset base likely provides a buffer to cover expenses during years when revenue is lower than expenditures, such as in 2023 where expenses ($2.35M) exceeded revenue ($1.03M).
What is the nature of the organization's liabilities, consistently reported as $0 or $1?
The consistent reporting of minimal liabilities ($0 or $1) suggests that the organization operates with very little debt or short-term financial obligations, indicating a strong and conservative financial management approach.
Given the 0% officer compensation, how is the organization's leadership structured and compensated?
The 0% officer compensation reported across all filings implies that the organization's leadership may be volunteer-based, or that compensation for key personnel is structured in a way that it is not reported under 'officer compensation' on the IRS Form 990, potentially through a related entity or as contractor fees.
Filing History
IRS 990 filing history for The Nathan Seter Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2010–2023), The Nathan Seter Foundation's revenue has declined by 16.6%, moving from $1.2M to $1.0M. Total assets increased by 172.6% over the same period, from $8.9M to $24.4M. Total functional expenses rose by 25.6%, from $1.9M to $2.4M. In its most recent filing year (2023), The Nathan Seter Foundation reported a deficit of $1.3M, with expenses exceeding revenue. The organization holds $1 in liabilities against $24.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $24.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.0M | $2.4M | $24.4M | $1 | — | — |
| 2022 | $7.7M | $2.0M | $25.7M | $1 | — | View 990 |
| 2021 | $1.2M | $1.6M | $22.4M | $1 | — | View 990 |
| 2020 | $4.0M | $1.8M | $22.9M | $1 | — | View 990 |
| 2019 | $6.3M | $1.9M | $20.6M | $0 | — | View 990 |
| 2015 | $6.4M | $2.3M | $20.2M | $0 | — | View 990 |
| 2014 | $8.9M | $1.9M | $15.6M | $0 | — | View 990 |
| 2013 | $1.7M | $2.8M | $6.6M | $250 | — | View 990 |
| 2012 | $923K | $1.3M | $7.7M | $250 | — | View 990 |
| 2011 | $796K | $1.6M | $8.1M | $0 | — | View 990 |
| 2010 | $1.2M | $1.9M | $8.9M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.0M, expenses of $2.4M, and assets of $24.4M (revenue -86.6% year-over-year).
- 2022: Revenue of $7.7M, expenses of $2.0M, and assets of $25.7M (revenue +564.4% year-over-year).
- 2021: Revenue of $1.2M, expenses of $1.6M, and assets of $22.4M (revenue -71.3% year-over-year).
- 2020: Revenue of $4.0M, expenses of $1.8M, and assets of $22.9M (revenue -36.0% year-over-year).
- 2019: Revenue of $6.3M, expenses of $1.9M, and assets of $20.6M (revenue -0.9% year-over-year).
- 2015: Revenue of $6.4M, expenses of $2.3M, and assets of $20.2M (revenue -28.6% year-over-year).
- 2014: Revenue of $8.9M, expenses of $1.9M, and assets of $15.6M (revenue +424.0% year-over-year).
- 2013: Revenue of $1.7M, expenses of $2.8M, and assets of $6.6M (revenue +84.7% year-over-year).
- 2012: Revenue of $923K, expenses of $1.3M, and assets of $7.7M (revenue +16.0% year-over-year).
- 2011: Revenue of $796K, expenses of $1.6M, and assets of $8.1M (revenue -35.9% year-over-year).
- 2010: Revenue of $1.2M, expenses of $1.9M, and assets of $8.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Nathan Seter Foundation:
Data Sources and Methodology
This transparency report for The Nathan Seter 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.