The Spiros Segalis Chairtable Tr
Spiros Segalis Charitable Trust shows extreme year-to-year financial volatility with significant deficits and surpluses.
EIN: 136848308 · New Canaan, CT · Updated: 2026-03-28
Is The Spiros Segalis Chairtable Tr Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Spiros Segalis Chairtable Tr directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Spiros Segalis Chairtable Tr
The Spiros Segalis Chairtable Tr (EIN: 136848308) is a nonprofit organization based in New Canaan, CT. The organization reported total revenue of $26K and total assets of $513K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Spiros Segalis Chairtable Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Spiros Segalis Chairtable Tr is a micro nonprofit that has been operating for 41 years, with 10 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 8.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $621K |
| Total Expenses | $3.8M |
| Surplus / Deficit | $-3,215,891 |
| Total Assets | $536K |
| Total Liabilities | $1 |
| Net Assets | $536K |
| Operating Margin | -518.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 1.7 months |
Financial Health Grade: C
In 2023, The Spiros Segalis Chairtable Tr reported a deficit of $3.2M with expenses exceeding revenue, holds 1.7 months of operating reserves (limited), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2010–2023), The Spiros Segalis Chairtable Tr's revenue has grown at a compound annual growth rate (CAGR) of 8.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -84.4% | +1465.4% | -85.7% |
| 2022 | +405.3% | +31.9% | +26.5% |
| 2020 | +132.2% | +14.7% | +24.3% |
| 2019 | +129.1% | +1840.4% | +36.7% |
| 2015 | -59.1% | -95.9% | +8.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
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 Spiros Segalis Chairtable Tr with a Mission Score of 60 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, The Spiros Segalis Chairtable Tr 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 $3.2M, 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 a volunteer-led executive structure or that compensation is not reported in this category, which is positive for minimizing overhead.
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 Spiros Segalis Chairtable Tr's IRS 990 filings:
- Extreme year-over-year financial volatility in both revenue and expenses.
- Significant deficit in 2023 where expenses ($3,836,737) far exceeded revenue ($620,846).
- Large decrease in assets by over $3.2 million from 2022 to 2023.
- Unknown NTEE code limits understanding of mission and peer comparison.
Strengths
The following positive indicators were identified for The Spiros Segalis Chairtable Tr:
- Consistently reports 0% officer compensation, indicating low executive overhead.
- Generally low liabilities across most filing periods, suggesting a healthy debt profile.
- Demonstrated capacity for significant revenue generation in certain years (e.g., $3.97 million in 2022).
Frequently Asked Questions about The Spiros Segalis Chairtable Tr
Is The Spiros Segalis Chairtable Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, The Spiros Segalis Chairtable Tr (EIN: 136848308) some concerns. Mission Score: 60/100. 4 red flags identified, 3 strengths noted.
How does The Spiros Segalis Chairtable Tr spend its money?
The Spiros Segalis Chairtable Tr directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Spiros Segalis Chairtable Tr tax-deductible?
The Spiros Segalis Chairtable Tr is registered as a tax-exempt nonprofit (EIN: 136848308). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why are the revenue and expense figures so volatile year-over-year?
The organization experienced a revenue of $3,972,515 and expenses of $245,099 in 2022, followed by revenue of $620,846 and expenses of $3,836,737 in 2023. This extreme fluctuation suggests non-recurring large transactions or projects.
What caused the significant drop in assets from $3,752,328 in 2022 to $536,437 in 2023?
The substantial decrease in assets, coupled with the large deficit in 2023 (expenses exceeding revenue by over $3.2 million), indicates a major expenditure or investment that significantly drew down the organization's reserves.
What is the nature of the organization's programs given the unknown NTEE code?
Without an NTEE code, it's difficult to understand the specific mission or type of charitable activities the organization undertakes, making it hard to assess program effectiveness or compare to peers.
Filing History
IRS 990 filing history for The Spiros Segalis Chairtable Tr showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2010–2023), The Spiros Segalis Chairtable Tr's revenue has grown by 176.9%, moving from $224K to $621K. Total assets decreased by 56.3% over the same period, from $1.2M to $536K. Total functional expenses rose by 1767.8%, from $205K to $3.8M. In its most recent filing year (2023), The Spiros Segalis Chairtable Tr reported a deficit of $3.2M, with expenses exceeding revenue. The organization holds $1 in liabilities against $536K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $536K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $621K | $3.8M | $536K | $1 | — | — |
| 2022 | $4.0M | $245K | $3.8M | $1 | — | — |
| 2020 | $786K | $186K | $3.0M | $20K | — | View 990 |
| 2019 | $339K | $162K | $2.4M | $40K | — | — |
| 2015 | $148K | $8K | $1.7M | $1 | — | View 990 |
| 2014 | $362K | $203K | $1.6M | $1 | — | View 990 |
| 2013 | $290K | $204K | $1.4M | $1 | — | View 990 |
| 2012 | $68K | $4K | $1.4M | $1 | — | View 990 |
| 2011 | $67K | $0 | $1.3M | $0 | — | View 990 |
| 2010 | $224K | $205K | $1.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $621K, expenses of $3.8M, and assets of $536K (revenue -84.4% year-over-year).
- 2022: Revenue of $4.0M, expenses of $245K, and assets of $3.8M (revenue +405.3% year-over-year).
- 2020: Revenue of $786K, expenses of $186K, and assets of $3.0M (revenue +132.2% year-over-year).
- 2019: Revenue of $339K, expenses of $162K, and assets of $2.4M (revenue +129.1% year-over-year).
- 2015: Revenue of $148K, expenses of $8K, and assets of $1.7M (revenue -59.1% year-over-year).
- 2014: Revenue of $362K, expenses of $203K, and assets of $1.6M (revenue +24.5% year-over-year).
- 2013: Revenue of $290K, expenses of $204K, and assets of $1.4M (revenue +326.2% year-over-year).
- 2012: Revenue of $68K, expenses of $4K, and assets of $1.4M (revenue +1.6% year-over-year).
- 2011: Revenue of $67K, expenses of $0, and assets of $1.3M (revenue -70.1% year-over-year).
- 2010: Revenue of $224K, expenses of $205K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Spiros Segalis Chairtable Tr:
Data Sources and Methodology
This transparency report for The Spiros Segalis Chairtable Tr 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.