The Selective Insurance Group Foundation

The Selective Insurance Group Foundation shows highly volatile financial performance with significant deficits in recent years.

EIN: 203539039 · Branchville, NJ · NTEE: T20 · Updated: 2026-03-28

$1.0MRevenue

$270KAssets

70/100Mission Score (Good)

T20

About The Selective Insurance Group Foundation

The Selective Insurance Group Foundation (EIN: 203539039) is a nonprofit organization based in Branchville, NJ, classified under NTEE code T20. The organization reported total revenue of $1.0M and total assets of $270K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Selective Insurance Group Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Selective Insurance Group Foundation exhibits a fluctuating financial profile, with significant variations in revenue and expenses over the past decade. For instance, in 2023, the organization reported a revenue of $10,000 against expenses of $967,942, indicating a substantial deficit. This contrasts sharply with 2021, where revenue was $1,262,100 and expenses were $545,475, showing a healthy surplus. The foundation's assets have also seen considerable swings, from a high of $1,449,373 in 2021 to a low of $35,425 in 2023. These fluctuations suggest an inconsistent funding model or significant changes in operational scale year-to-year. 

Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to provide a precise assessment. However, the consistent reporting of 0% officer compensation across all available filings is a strong indicator of efficient use of funds in terms of executive overhead. The substantial expenses relative to revenue in some years, such as 2023, raise questions about the sustainability of their financial model if such trends continue. 

In terms of transparency, the consistent filing of IRS Form 990s over a decade demonstrates a commitment to public disclosure. The absence of officer compensation is a positive transparency signal, as it indicates that leadership is not drawing salaries from the foundation's funds. However, a more detailed breakdown of expenses within the 990s would further enhance transparency regarding how funds are allocated across different activities.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates The Selective Insurance Group Foundation with a Mission Score of 70 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: 5%
programs: 90%
fundraising: 5%

According to IRS 990 filings, The Selective Insurance Group Foundation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that officers do not receive salaries from the foundation, which is highly favorable 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 The Selective Insurance Group Foundation's IRS 990 filings:

Significant and recurring deficits in recent years (e.g., 2023 expenses of $967,942 vs. revenue of $10,000; 2022 expenses of $714,887 vs. revenue of $259,000).
Highly volatile revenue streams, making financial planning and sustainability challenging.
Sharp decline in assets from $1,449,373 in 2021 to $35,425 in 2023, indicating substantial asset utilization or losses.

Strengths

The following positive indicators were identified for The Selective Insurance Group Foundation:

Consistent 0% officer compensation across all reported years, indicating efficient use of funds for leadership.
Long history of IRS 990 filings (10 filings), demonstrating a commitment to transparency.
Significant revenue generation in some years (e.g., $1,282,000 in 2019, $1,262,100 in 2021), showing capacity for substantial funding.

Frequently Asked Questions about The Selective Insurance Group Foundation

Why did the foundation experience such a significant deficit in 2023, with expenses of $967,942 against only $10,000 in revenue?

The 2023 filing shows a substantial imbalance, which could be due to a large one-time grant disbursement, a significant decline in contributions, or a strategic decision to utilize accumulated assets. Further investigation into the specific line items of the 2023 990 would be necessary to understand the cause.

How does the foundation sustain its operations given the wide fluctuations in annual revenue and expenses?

The foundation likely relies on a combination of accumulated assets from years with surpluses (e.g., 2021 with $1,262,100 revenue and $1,449,373 assets) and potentially large, infrequent contributions to cover periods of high expenses or low revenue.

What is the primary source of the foundation's revenue, and how stable are these sources?

Without specific details from the 990s, it's difficult to pinpoint the exact revenue sources. However, the volatility suggests that revenue might come from large, irregular donations or investment income that fluctuates significantly year-to-year, rather than consistent, recurring streams.

Filing History

IRS 990 filing history for The Selective Insurance Group Foundation showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), The Selective Insurance Group Foundation's revenue has declined by 97.5%, moving from $400K to $10K. Total assets decreased by 61.2% over the same period, from $91K to $35K. Total functional expenses rose by 150.4%, from $387K to $968K. In its most recent filing year (2023), The Selective Insurance Group Foundation reported a deficit of $958K, with expenses exceeding revenue. The organization holds $3K in liabilities against $35K in assets (debt-to-asset ratio: 8.9%), resulting in net assets of $32K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$10K	$968K	$35K	$3K	—	View 990
2022	$259K	$715K	$998K	$8K	—	View 990
2021	$1.3M	$545K	$1.4M	$3K	—	View 990
2020	$500K	$660K	$734K	$5K	—	View 990
2019	$1.3M	$471K	$891K	$1K	—	—
2015	$1.0M	$433K	$1.1M	$550	—	View 990
2014	$800K	$402K	$488K	$1K	—	View 990
2013	$400K	$400K	$90K	$995	—	View 990
2012	$400K	$402K	$90K	$681	—	View 990
2011	$400K	$387K	$91K	$350	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $10K, expenses of $968K, and assets of $35K (revenue -96.1% year-over-year).
2022: Revenue of $259K, expenses of $715K, and assets of $998K (revenue -79.5% year-over-year).
2021: Revenue of $1.3M, expenses of $545K, and assets of $1.4M (revenue +152.4% year-over-year).
2020: Revenue of $500K, expenses of $660K, and assets of $734K (revenue -61.0% year-over-year).
2019: Revenue of $1.3M, expenses of $471K, and assets of $891K (revenue +28.2% year-over-year).
2015: Revenue of $1.0M, expenses of $433K, and assets of $1.1M (revenue +25.0% year-over-year).
2014: Revenue of $800K, expenses of $402K, and assets of $488K (revenue +100.0% year-over-year).
2013: Revenue of $400K, expenses of $400K, and assets of $90K (revenue +0.0% year-over-year).
2012: Revenue of $400K, expenses of $402K, and assets of $90K (revenue +0.0% year-over-year).
2011: Revenue of $400K, expenses of $387K, and assets of $91K.

Data Sources and Methodology

This transparency report for The Selective Insurance Group 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.