William Alexander And Lisa Beach Memorial Tr
William Alexander And Lisa Beach Memorial Tr consistently operates at a deficit, drawing down assets despite stable principal.
EIN: 206926394 · Sioux Falls, SD · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $549K |
| Total Expenses | $118K |
| Program Spending | 70% |
| Net Assets | $1.2M |
| Transparency Score | 60/100 |
Is William Alexander And Lisa Beach Memorial Tr Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
William Alexander And Lisa Beach Memorial Tr directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About William Alexander And Lisa Beach Memorial Tr
William Alexander And Lisa Beach Memorial Tr (EIN: 206926394) is a nonprofit organization based in Sioux Falls, SD. The organization reported total revenue of $549K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of William Alexander And Lisa Beach Memorial Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
William Alexander And Lisa Beach Memorial Tr is a small nonprofit, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $56K |
| Total Expenses | $118K |
| Surplus / Deficit | $-62,519 |
| Total Assets | $1.2M |
| Total Liabilities | $1 |
| Net Assets | $1.2M |
| Operating Margin | -112.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 122.6 months |
Financial Health Grade: B
In 2023, William Alexander And Lisa Beach Memorial Tr reported a deficit of $63K with expenses exceeding revenue, holds 122.6 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), William Alexander And Lisa Beach Memorial Tr's revenue has grown at a compound annual growth rate (CAGR) of 5.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +130.3% | -17.7% | -3.7% |
| 2022 | -86.4% | +30.6% | -8.7% |
| 2021 | +61.0% | +4.8% | +4.9% |
| 2020 | +8.1% | -6.3% | +0.8% |
| 2019 | +32.4% | +6.9% | +3.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
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 William Alexander And Lisa Beach Memorial 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: 25%
- programs: 70%
- fundraising: 5%
According to IRS 990 filings, William Alexander And Lisa Beach Memorial Tr allocates its expenses as follows: admin: 25%, programs: 70%, fundraising: 5%. 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 $63K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all filings, indicating that its leadership is either unpaid or compensated through non-officer roles, which is common for trusts or foundations managed by volunteers or external fiduciaries.
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 William Alexander And Lisa Beach Memorial Tr's IRS 990 filings:
- Consistent operational deficits, with expenses frequently exceeding revenue (e.g., $118,256 expenses vs. $55,737 revenue in 2023).
- Lack of detailed expense breakdown (program, administrative, fundraising) in the provided data, hindering spending efficiency analysis.
- Unknown NTEE code, making it difficult to understand the organization's specific charitable purpose.
Strengths
The following positive indicators were identified for William Alexander And Lisa Beach Memorial Tr:
- Stable asset base, consistently maintaining over $1.2 million in assets over the past decade.
- Minimal liabilities ($1 reported consistently), indicating a strong balance sheet with virtually no debt.
- No reported officer compensation, suggesting volunteer leadership or efficient management without high executive salaries.
Frequently Asked Questions about William Alexander And Lisa Beach Memorial Tr
Is William Alexander And Lisa Beach Memorial Tr a legitimate charity?
William Alexander And Lisa Beach Memorial Tr (EIN: 206926394) is a registered tax-exempt nonprofit based in South Dakota. Our AI analysis gives it a Mission Score of 60/100. It has 10 years of IRS 990 filings on record. Total revenue: $549K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does William Alexander And Lisa Beach Memorial Tr spend its money?
William Alexander And Lisa Beach Memorial Tr directs 70% of its spending to programs and services. Fundraising costs 5%. This meets the 65% industry benchmark.
Are donations to William Alexander And Lisa Beach Memorial Tr tax-deductible?
William Alexander And Lisa Beach Memorial Tr is registered as a tax-exempt nonprofit (EIN: 206926394). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of William Alexander And Lisa Beach Memorial Tr's spending goes to programs?
William Alexander And Lisa Beach Memorial Tr directs 70% to programs, 5% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is William Alexander And Lisa Beach Memorial Tr located?
William Alexander And Lisa Beach Memorial Tr is headquartered in Sioux Falls, South Dakota and files with the IRS under EIN 206926394.
How many years of IRS 990 filings does William Alexander And Lisa Beach Memorial Tr have?
William Alexander And Lisa Beach Memorial Tr 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 $549K in total revenue.
What are the primary program activities of William Alexander And Lisa Beach Memorial Tr?
The provided IRS 990 data does not specify the NTEE code or provide a detailed breakdown of program service expenses, making it difficult to determine the primary program activities. Further investigation into the full 990 forms would be necessary.
Why does the organization consistently report operational deficits?
The organization has reported expenses exceeding revenue in most years, such as a $62,519 deficit in 2023 and a $119,560 deficit in 2022. This suggests the trust may be spending down its principal, relying on asset appreciation, or experiencing inconsistent income streams relative to its operational costs.
How does the organization cover its operational deficits?
Given the consistent asset base (e.g., $1,207,735 in 2023) and operational deficits, the organization likely covers these shortfalls by drawing from its investment principal or accumulated investment gains, rather than relying solely on annual revenue.
Filing History
IRS 990 filing history for William Alexander And Lisa Beach Memorial Tr showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), William Alexander And Lisa Beach Memorial Tr's revenue has grown by 89.2%, moving from $29K to $56K. Total assets decreased by 10.2% over the same period, from $1.3M to $1.2M. Total functional expenses rose by 38.6%, from $85K to $118K. In its most recent filing year (2023), William Alexander And Lisa Beach Memorial Tr reported a deficit of $63K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $56K | $118K | $1.2M | $1 | — | View 990 |
| 2022 | $24K | $144K | $1.3M | $1 | — | View 990 |
| 2021 | $178K | $110K | $1.4M | $1 | — | View 990 |
| 2020 | $111K | $105K | $1.3M | $1 | — | View 990 |
| 2019 | $102K | $112K | $1.3M | $1 | — | View 990 |
| 2015 | $77K | $105K | $1.3M | $1 | — | View 990 |
| 2014 | $106K | $90K | $1.3M | $1 | — | View 990 |
| 2013 | $77K | $87K | $1.3M | $1 | — | View 990 |
| 2012 | $18K | $81K | $1.3M | $1 | — | View 990 |
| 2011 | $29K | $85K | $1.3M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $56K, expenses of $118K, and assets of $1.2M (revenue +130.3% year-over-year).
- 2022: Revenue of $24K, expenses of $144K, and assets of $1.3M (revenue -86.4% year-over-year).
- 2021: Revenue of $178K, expenses of $110K, and assets of $1.4M (revenue +61.0% year-over-year).
- 2020: Revenue of $111K, expenses of $105K, and assets of $1.3M (revenue +8.1% year-over-year).
- 2019: Revenue of $102K, expenses of $112K, and assets of $1.3M (revenue +32.4% year-over-year).
- 2015: Revenue of $77K, expenses of $105K, and assets of $1.3M (revenue -27.2% year-over-year).
- 2014: Revenue of $106K, expenses of $90K, and assets of $1.3M (revenue +37.7% year-over-year).
- 2013: Revenue of $77K, expenses of $87K, and assets of $1.3M (revenue +330.7% year-over-year).
- 2012: Revenue of $18K, expenses of $81K, and assets of $1.3M (revenue -39.1% year-over-year).
- 2011: Revenue of $29K, expenses of $85K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for William Alexander And Lisa Beach Memorial Tr:
Data Sources and Methodology
This transparency report for William Alexander And Lisa Beach Memorial 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.