The Stewart Legacy Foundation
The Stewart Legacy Foundation faces severe financial decline with assets plummeting over 98% in a decade.
EIN: 208229881 · Provo, UT · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $30K |
| Total Expenses | $2K |
| Program Spending | 70% |
| Net Assets | $12K |
| Transparency Score | 30/100 |
Is The Stewart Legacy Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Stewart Legacy Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About The Stewart Legacy Foundation
The Stewart Legacy Foundation (EIN: 208229881) is a nonprofit organization based in Provo, UT, classified under NTEE code T20. The organization reported total revenue of $30K and total assets of $10K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Stewart Legacy Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Stewart Legacy Foundation is a micro nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -40.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $85 |
| Total Expenses | $2K |
| Surplus / Deficit | $-2,390 |
| Total Assets | $12K |
| Total Liabilities | $1 |
| Net Assets | $12K |
| Operating Margin | -2811.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 56.1 months |
Financial Health Grade: B
In 2023, The Stewart Legacy Foundation reported a deficit of $2K with expenses exceeding revenue, holds 56.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), The Stewart Legacy Foundation's revenue has declined at a compound annual growth rate (CAGR) of -40.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -88.7% | -93.6% | -17.2% |
| 2022 | -94.7% | -46.7% | -73.1% |
| 2021 | -77.6% | +204.8% | -52.8% |
| 2020 | +2011.5% | +32.8% | +56.5% |
| 2019 | -67.3% | -67.5% | -63.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Stewart Legacy Foundation with a Mission Score of 30 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, The Stewart Legacy Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or directors are receiving salaries from the organization, which is a positive for resource allocation given its small and declining financial base.
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 Stewart Legacy Foundation's IRS 990 filings:
- Consistent and significant net losses for over a decade.
- Assets have declined by over 98% from $614,729 in 2011 to $11,562 in 2023.
- Revenue in recent years (e.g., $85 in 2023, $751 in 2022) is extremely low compared to expenses.
- Long-term financial viability is highly questionable.
Strengths
The following positive indicators were identified for The Stewart Legacy Foundation:
- Consistent filing of IRS Form 990s, indicating compliance with reporting requirements.
- Reported 0% officer compensation, suggesting resources are not being used for executive salaries.
Frequently Asked Questions about The Stewart Legacy Foundation
Is The Stewart Legacy Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, The Stewart Legacy Foundation (EIN: 208229881) significant concerns. Mission Score: 30/100. 4 red flags identified, 2 strengths noted.
How does The Stewart Legacy Foundation spend its money?
The Stewart Legacy Foundation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Stewart Legacy Foundation tax-deductible?
The Stewart Legacy Foundation is registered as a tax-exempt nonprofit (EIN: 208229881). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Stewart Legacy Foundation's spending goes to programs?
The Stewart Legacy Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does The Stewart Legacy Foundation compare to similar nonprofits?
With a transparency score of 30/100 (Poor), The Stewart Legacy Foundation is below average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Stewart Legacy Foundation located?
The Stewart Legacy Foundation is headquartered in Provo, Utah and files with the IRS under EIN 208229881. It is classified under NTEE code T20.
How many years of IRS 990 filings does The Stewart Legacy Foundation have?
The Stewart Legacy Foundation has 10 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 $30K in total revenue.
Is The Stewart Legacy Foundation financially sustainable?
Based on the provided data, the foundation is not financially sustainable. Its expenses have consistently far outstripped its revenues for over a decade, leading to a drastic reduction in assets from $614,729 in 2011 to $11,562 in 2023.
What caused the significant decline in assets?
The decline in assets is primarily due to the organization consistently spending more than it earns. For example, in 2021, expenses were $72,093 while revenue was only $14,172, resulting in a net loss that depleted its asset base.
How does the organization fund its operations with such low revenue?
The organization appears to be funding its operations by drawing down its existing assets, as evidenced by the continuous decrease in its asset base over time while expenses persist.
Filing History
IRS 990 filing history for The Stewart Legacy Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Stewart Legacy Foundation's revenue has declined by 99.8%, moving from $42K to $85. Total assets decreased by 98.1% over the same period, from $615K to $12K. Total functional expenses fell by 98%, from $126K to $2K. In its most recent filing year (2023), The Stewart Legacy Foundation reported a deficit of $2K, with expenses exceeding revenue. The organization holds $1 in liabilities against $12K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $12K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $85 | $2K | $12K | $1 | — | — |
| 2022 | $751 | $38K | $14K | $1 | — | View 990 |
| 2021 | $14K | $72K | $52K | $1 | — | — |
| 2020 | $63K | $24K | $110K | $1 | — | — |
| 2019 | $3K | $18K | $70K | $1 | — | View 990 |
| 2015 | $9K | $55K | $189K | $1 | — | View 990 |
| 2014 | $15K | $54K | $235K | $1 | — | View 990 |
| 2013 | $17K | $67K | $275K | $1 | — | View 990 |
| 2012 | $15K | $52K | $325K | $1 | — | View 990 |
| 2011 | $42K | $126K | $615K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $85, expenses of $2K, and assets of $12K (revenue -88.7% year-over-year).
- 2022: Revenue of $751, expenses of $38K, and assets of $14K (revenue -94.7% year-over-year).
- 2021: Revenue of $14K, expenses of $72K, and assets of $52K (revenue -77.6% year-over-year).
- 2020: Revenue of $63K, expenses of $24K, and assets of $110K (revenue +2011.5% year-over-year).
- 2019: Revenue of $3K, expenses of $18K, and assets of $70K (revenue -67.3% year-over-year).
- 2015: Revenue of $9K, expenses of $55K, and assets of $189K (revenue -38.2% year-over-year).
- 2014: Revenue of $15K, expenses of $54K, and assets of $235K (revenue -13.5% year-over-year).
- 2013: Revenue of $17K, expenses of $67K, and assets of $275K (revenue +11.0% year-over-year).
- 2012: Revenue of $15K, expenses of $52K, and assets of $325K (revenue -63.6% year-over-year).
- 2011: Revenue of $42K, expenses of $126K, and assets of $615K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Stewart Legacy Foundation:
Data Sources and Methodology
This transparency report for The Stewart Legacy 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.