Eugene C & Gail V Sit Foundation
501(c)(92)
Only null% goes to programs Strong reserves
Eugene C & Gail V Sit Foundation is a 501(c)(92) organization based in Minneapolis, Minnesota, with $488,078 in FY2022 revenue. CharityIndex grades it F.
80 South 8th Street Ste Ste3300, Minneapolis, MN, 55402 EIN 41-1572465
Revenue (FY2022)
$488K
▼ 48.4% vs prior year
Expenses (FY2022)
$782K
Net assets
$4.9M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Eugene C & Gail V Sit Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating75 mo reserves · -60% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Eugene C & Gail V Sit Foundation: 75 mo reserves · -60% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Eugene C & Gail V Sit Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FTransparency10% of the rating0 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Eugene C & Gail V Sit Foundation: 0 of 5 disclosure signals earns a F on this criterion. See the exact thresholds →
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Contact & location
- Address
- 80 South 8th Street Ste Ste3300, Minneapolis, MN, 55402
- City
- Minneapolis
- State
- Minnesota
- Category
- —
- Subcategory
- —
Financial trends
Revenue grew from $459K (FY2019) to $488K (FY2022) across 4 reported years.
Financial snapshot
Financial health & position (FY2022)
Liabilities $25Net assets $4.9M
Operating margin
-60.2%
Spent more than it raised in the latest fiscal year.
Total assets
$4.9M
Total liabilities
$25
Net assets
$4.9M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2022 | $488,078▼48.4% | $781,838▲1.1% | $4,913,855▼6.9% | $4,913,880▼6.9% | 990PF |
| 2021 | $945,417▲85.6% | $772,966▼9.3% | $5,280,594▲5.5% | $5,280,754▲5.5% | 990PF |
| 2020 | $509,286▲11.1% | $852,099▲30.5% | $5,006,765▼7.4% | $5,006,790▼7.5% | 990PF |
| 2019 | $458,502 | $652,763 | $5,408,934 | $5,414,148 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Eugene C & Gail V Sit Foundation a legitimate nonprofit?
- Yes. Eugene C & Gail V Sit Foundation is a 501(c)(92) organization registered with the U.S. Internal Revenue Service under EIN 41-1572465, based in Minneapolis, Minnesota.
- What is Eugene C & Gail V Sit Foundation's EIN?
- Eugene C & Gail V Sit Foundation's Employer Identification Number (EIN) is 41-1572465.
- How much revenue does Eugene C & Gail V Sit Foundation report?
- Eugene C & Gail V Sit Foundation reported $488,078 in total revenue on its fiscal year 2022 IRS Form 990 filing.
- What financial grade does Eugene C & Gail V Sit Foundation have?
- CharityIndex grades Eugene C & Gail V Sit Foundation F, based on financial health (reserves and operating margin).
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Data for Eugene C & Gail V Sit Foundation (EIN 41-1572465) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.