Is E T Rollins Jr And Frances Prollins Foundation Legit?

Quick charity verification for E T Rollins Jr And Frances Prollins Foundation (EIN: 204802775)

Verdict: E T Rollins Jr And Frances Prollins Foundation appears trustworthy

75/100Mission Score

$1.3MRevenue

$3.9MAssets

2Red Flags

3Strengths

Red Flags

Consistent deficit spending, with expenses exceeding revenue in most years (e.g., 2023: $294,978 expenses vs. $224,158 revenue)
Gradual decline in total assets over the past decade, from $4,340,035 in 2011 to $3,862,486 in 2023, indicating a draw-down of principal.

Strengths

Zero officer compensation reported across all filings, indicating efficient use of funds for its mission.
Consistent filing of IRS 990 forms over 10 years, demonstrating transparency in financial reporting.
Minimal liabilities ($1 reported consistently), suggesting sound financial management without significant debt.

Spending Breakdown

How E T Rollins Jr And Frances Prollins Foundation allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about E T Rollins Jr And Frances Prollins Foundation

Is E T Rollins Jr And Frances Prollins Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, E T Rollins Jr And Frances Prollins Foundation (EIN: 204802775) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.

Is E T Rollins Jr And Frances Prollins Foundation a good charity to donate to?

E T Rollins Jr And Frances Prollins Foundation has a Mission Score of 75/100. Revenue: $1.3M. Assets: $3.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for E T Rollins Jr And Frances Prollins Foundation?

The Employer Identification Number (EIN) for E T Rollins Jr And Frances Prollins Foundation is 204802775. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does E T Rollins Jr And Frances Prollins Foundation spend its money?

E T Rollins Jr And Frances Prollins Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify E T Rollins Jr And Frances Prollins Foundation's tax-exempt status?

You can verify E T Rollins Jr And Frances Prollins Foundation's tax-exempt status using EIN 204802775 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

The E T Rollins Jr And Frances Prollins Foundation appears to be a private foundation, as indicated by its consistent revenue and expense patterns, and the NTEE code T20 (Private Grantmaking Foundations). Its financial health shows a gradual decline in assets over the past decade, from $4,340,035 in 2011 to $3,862,486 in 2023. This trend suggests that the foundation is distributing more than its annual income, drawing down its principal. For instance, in 2023, expenses were $294,978 against revenue of $224,158, and in 2022, expenses were $310,376 against revenue of $205,518. This consistent deficit spending, while typical for some foundations aiming to spend down assets, warrants attention regarding long-term sustainability if not part of a deliberate spend-down strategy.

Spending efficiency is difficult to fully assess without a detailed breakdown of program service expenses versus administrative and fundraising costs, which are not provided in the summary data. However, as a private foundation, its primary 'program' is grantmaking. The consistent liabilities of $1 across all filings suggest minimal operational debt, which is a positive indicator. The absence of officer compensation also points to a lean operational structure, potentially relying on volunteer efforts or external management.

Transparency, based on the provided data, is reasonable given the availability of 10 years of IRS 990 filings. The consistent reporting of key financial metrics allows for an overview of its financial trajectory. However, without access to the full 990 forms, specific details on grant recipients, administrative overhead, and investment performance remain opaque. The lack of officer compensation is a transparent aspect, indicating that no salaries are paid to officers from the foundation's funds.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.