Michael L and Margie A Bennett Foundation
Only null% goes to programs Strong reserves Growing revenue
Michael L and Margie A Bennett Foundation is a 501(c)(3) organization based in Sioux City, Iowa, registered in 2013, with $676,618 in FY2024 revenue. CharityIndex grades it C+.
5103 Old Lakeport Rd, Sioux City, IA, 51106 EIN 27-3630915 Since 2013
Revenue (FY2024)
$677K
▲ 4904.9% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$273K
Net assets
$413K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—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 Michael L and Margie A Bennett Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating18 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 Michael L and Margie A Bennett Foundation: 18 mo reserves · +60% margin earns a A 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 Michael L and Margie A Bennett Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 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 Michael L and Margie A Bennett Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 5103 Old Lakeport Rd, Sioux City, IA, 51106
- City
- Sioux City
- State
- Iowa
- Subcategory
- Private Foundations
Financial trends
Revenue grew from $73K (FY2013) to $677K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $413K
Operating margin
59.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$413K
Total liabilities
$0
Net assets
$413K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $676,618▲4905% | $273,473▲2.8% | $412,529▲115% | $412,529▲115% | 990PF |
| 2023 | $13,519▼97.3% | $265,971▼57.5% | $191,437▼56.9% | $191,437▼56.9% | 990PF |
| 2022 | $510,054▲84.0% | $625,840▲65.7% | $443,889▼20.7% | $443,889▼20.7% | 990PF |
| 2021 | $277,204▼54.5% | $377,774▲42.9% | $559,675▼15.2% | $559,675▼15.2% | 990PF |
| 2020 | $608,772▲272% | $264,401▼48.7% | $660,245▲58.8% | $660,245▲58.8% | 990PF |
| 2019 | $163,795▼48.9% | $515,721▲1.6% | $415,761▼45.8% | $415,761▼45.8% | 990PF |
| 2018 | $320,390▲1004% | $507,502▲5.3% | $767,687▼19.6% | $767,687▼19.6% | 990PF |
| 2017 | $29,021▼94.7% | $481,832▼8.0% | $954,799▼32.2% | $954,799▼32.2% | 990PF |
| 2016 | $546,002▲27.7% | $523,664▼10.0% | $1,407,610▲1.6% | $1,407,610▲1.6% | 990PF |
| 2015 | $427,549▲1001% | $581,903▲46.0% | $1,385,272▼10.0% | $1,385,272▼10.0% | 990PF |
| 2014 | $38,847▼47.1% | $398,617▲49.0% | $1,539,626▼18.9% | $1,539,626▼18.9% | 990PF |
| 2013 | $73,471 | $267,606▼42.3% | $1,899,396▼9.3% | $1,899,396▼9.3% | 990PF |
| 2012 | — | $463,571 | $2,093,531 | $2,093,531 | 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.
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Frequently asked questions
- Is Michael L and Margie A Bennett Foundation a legitimate nonprofit?
- Yes. Michael L and Margie A Bennett Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 27-3630915, based in Sioux City, Iowa. Donations are tax-deductible.
- What is Michael L and Margie A Bennett Foundation's EIN?
- Michael L and Margie A Bennett Foundation's Employer Identification Number (EIN) is 27-3630915.
- How much revenue does Michael L and Margie A Bennett Foundation report?
- Michael L and Margie A Bennett Foundation reported $676,618 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Michael L and Margie A Bennett Foundation have?
- CharityIndex grades Michael L and Margie A Bennett Foundation C+, based on financial health (reserves and operating margin).
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Data for Michael L and Margie A Bennett Foundation (EIN 27-3630915) 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.