Passes our checks

City of Seymour Facilities Building Corporation

EIN 20-2689213 · Seymour, IN

Public records show a registered, tax-exempt organization in good standing.

What it says it does

TO ACQUIRE LAND, ERECT BUILDINGS, ACQUIRE FINANCING AND LEASE THE FACILITIES SUITABLE FOR USE BY THE CITY OF SEYMOUR, INDIANA.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Weak: 42 out of 100. Higher than 12% of charities in its peer group (community improvement, $250k to $1m).

Reserves
0 of 35
Spendable reserves are negative: it owes or has committed more than it holds.
Debt
2 of 20
It owes 89% of what it owns.
Living within its means
15 of 15
Income exceeded spending by 65% of income.
Income trend
10 of 15
Income fell 1% on the year before.
Spending floor
15 of 15
100% of spending went to programs.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Fair: 52 out of 100. Higher than 17% of charities in its peer group (community improvement, $250k to $1m).

Independent board
18 of 25
3 of 3 voting board members are independent.
Conflict of interest policy
0 of 15
Reports no written conflict of interest policy.
Whistleblower policy
0 of 8
Reports no written whistleblower policy.
Record keeping policy
0 of 7
Reports no written policy on keeping and destroying records.
Board minutes
5 of 5
Keeps minutes of board meetings.
Board sees the tax return
10 of 10
Gave the board a copy of this return before filing it.
Independent check of accounts
6 of 15
Its accounts were not audited or reviewed by an independent accountant.
No reported misuse
10 of 10
Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)

$236,753 spent. IN AUGUST 2021, THE CORPORATION ENTERED INTO A LEASE AGREEMENT WITH THE CITY OF SEYMOUR FOR PREMISES SECURING THE SERIES 2021 REVENUE BONDS. THE SERIES 2021 BONDS IN THE AMOUNT OF $8,995,000 MATURE IN FEBRUARY 2041. THE PROCEEDS FROM THE BONDS WILL BE USED TO FINANCE THE PROJECTS CONSISTING OF (I) A NEW FIRE STATION ON WEST SECOND STREET IN SEYMOUR, (II) THE RENOVATION OF CITY HALL ON NORTH CHESTNUT STREET IN SEYMOUR, AND (III) THE RENOVATION OF AN OLD FIRE STATION ON EAST STREET IN SEYMOUR. CONSTRUCTION ON THE NEW FIRE STATION AND RENOVATION OF CITY HALL BEGAN IN 2021. THE NEW FIRE STATION WAS COMPLETED IN 2022. THE REMAINING CONSTRUCTION CONTINUED INTO 2025. AS OF DECEMBER 31, 2025, CONSTRUCTION COSTS ON THE PROJECTS TOTALED $9,159,757.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since November 2007.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

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