Dare County Education Foundation Inc
Dare County Education Foundation maintains stable finances with no officer compensation and decreasing liabilities.
EIN: 10597318 · Kitty Hawk, NC · NTEE: B80 · Updated: 2026-03-28
Is Dare County Education Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Dare County Education Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Dare County Education Foundation Inc
Dare County Education Foundation Inc (EIN: 10597318) is a nonprofit organization based in Kitty Hawk, NC, classified under NTEE code B80. The organization reported total revenue of $601K and total assets of $2.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Dare County Education Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Dare County Education Foundation Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Dare County Education Foundation Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no salaries are paid to officers, which is highly favorable for an organization of its size with assets around $2.7 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Dare County Education Foundation Inc's IRS 990 filings:
- Lack of detailed program vs. administrative vs. fundraising expense breakdown in summary data.
Strengths
The following positive indicators were identified for Dare County Education Foundation Inc:
- Consistent 0% officer compensation across all filings.
- Significant reduction in liabilities over the past decade, from $2,070,409 to $417,641.
- Stable and substantial asset base, consistently above $2.7 million.
- Revenues generally exceed expenses, indicating sound financial management.
Frequently Asked Questions about Dare County Education Foundation Inc
Is Dare County Education Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Dare County Education Foundation Inc (EIN: 10597318) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does Dare County Education Foundation Inc spend its money?
Dare County Education Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Dare County Education Foundation Inc tax-deductible?
Dare County Education Foundation Inc is registered as a tax-exempt nonprofit (EIN: 10597318). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Dare County Education Foundation Inc a good charity?
Based on the provided data, the Dare County Education Foundation Inc appears to be a good charity. It consistently operates with a surplus, has substantial assets, and notably reports 0% officer compensation, suggesting a strong commitment to directing funds towards its mission.
How has the organization's financial health changed over the last decade?
Over the last decade, the organization has maintained stable revenues and assets, while significantly reducing its liabilities from $2,070,409 in 201406 to $417,641 in 202306, indicating improved financial health and debt management.
What is the trend in the organization's assets?
The organization's assets have remained robust, fluctuating between approximately $2.7 million and $3.4 million over the past decade, demonstrating a consistent and strong financial base.
Filing History
IRS 990 filing history for Dare County Education Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Dare County Education Foundation Inc's revenue has grown by 3.1%, moving from $481K to $495K. Total assets increased by 21.2% over the same period, from $2.4M to $2.9M. Total functional expenses rose by 69.1%, from $288K to $487K. In its most recent filing year (2023), Dare County Education Foundation Inc reported a surplus of $8K, with revenue exceeding expenses. The organization holds $418K in liabilities against $2.9M in assets (debt-to-asset ratio: 14.5%), resulting in net assets of $2.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $495K | $487K | $2.9M | $418K | — | View 990 |
| 2022 | $470K | $435K | $3.0M | $550K | — | View 990 |
| 2021 | $443K | $353K | $3.1M | $665K | — | — |
| 2020 | $453K | $388K | $3.1M | $804K | — | View 990 |
| 2019 | $440K | $376K | $3.1M | $888K | — | View 990 |
| 2018 | $484K | $311K | $3.2M | $1.0M | — | View 990 |
| 2017 | $662K | $331K | $3.3M | $1.3M | — | View 990 |
| 2016 | $435K | $299K | $3.2M | $1.5M | — | View 990 |
| 2015 | $484K | $345K | $3.3M | $1.8M | — | View 990 |
| 2014 | $502K | $337K | $3.5M | $2.1M | — | View 990 |
| 2013 | $550K | $299K | $3.6M | $2.4M | — | View 990 |
| 2012 | $487K | $272K | $3.6M | $2.6M | — | View 990 |
| 2011 | $481K | $288K | $2.4M | $1.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $495K, expenses of $487K, and assets of $2.9M (revenue +5.3% year-over-year).
- 2022: Revenue of $470K, expenses of $435K, and assets of $3.0M (revenue +6.2% year-over-year).
- 2021: Revenue of $443K, expenses of $353K, and assets of $3.1M (revenue -2.4% year-over-year).
- 2020: Revenue of $453K, expenses of $388K, and assets of $3.1M (revenue +3.0% year-over-year).
- 2019: Revenue of $440K, expenses of $376K, and assets of $3.1M (revenue -8.9% year-over-year).
- 2018: Revenue of $484K, expenses of $311K, and assets of $3.2M (revenue -26.9% year-over-year).
- 2017: Revenue of $662K, expenses of $331K, and assets of $3.3M (revenue +52.0% year-over-year).
- 2016: Revenue of $435K, expenses of $299K, and assets of $3.2M (revenue -10.1% year-over-year).
- 2015: Revenue of $484K, expenses of $345K, and assets of $3.3M (revenue -3.4% year-over-year).
- 2014: Revenue of $502K, expenses of $337K, and assets of $3.5M (revenue -8.9% year-over-year).
- 2013: Revenue of $550K, expenses of $299K, and assets of $3.6M (revenue +13.0% year-over-year).
- 2012: Revenue of $487K, expenses of $272K, and assets of $3.6M (revenue +1.3% year-over-year).
- 2011: Revenue of $481K, expenses of $288K, and assets of $2.4M.
Data Sources and Methodology
This transparency report for Dare County Education Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.