Is Kiwanis Club Of Seward Foundationinc Legit?

The Kiwanis Club Of Seward Foundationinc demonstrates consistent financial health with a growing asset base, increasing from $78,191 in 2016 to $314,243 in 2024. The organization's revenue has fluctuated, with a notable peak of $138,926 in 2019, but generally maintains a healthy level relative to its expenses. For instance, in 2023, revenue was $40,199 against expenses of $38,019, indicating sound financial management. However, the most recent filing for 2024 shows expenses ($71,612) exceeding revenue ($60,257), resulting in a deficit for that period, which warrants monitoring. Spending efficiency appears strong, as the organization consistently reports 0% officer compensation across all available filings, suggesting that resources are directed towards its mission rather than executive salaries. While specific program spending percentages are not detailed in the provided data, the absence of officer compensation is a positive indicator of efficiency. The organization's liabilities have consistently been $0, reflecting a very healthy balance sheet and strong financial stewardship. Transparency is high given the consistent filing of IRS Form 990s and the clear reporting of zero officer compensation. The consistent growth in assets over the years, despite revenue fluctuations, suggests effective long-term financial planning and asset management. The recent deficit in 2024 is a point to watch, but overall, the foundation appears to be a well-managed and transparent entity.