E T Rollins Jr And Frances Prollins Foundation
E T Rollins Jr And Frances Prollins Foundation consistently spends more than its annual revenue, drawing down assets over the past decade.
EIN: 204802775 · Chapel Hill, NC · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $295K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $3.8 |
| Net Assets | $3.9M |
| Transparency Score | 75/100 |
Is E T Rollins Jr And Frances Prollins Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
E T Rollins Jr And Frances Prollins Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About E T Rollins Jr And Frances Prollins Foundation
E T Rollins Jr And Frances Prollins Foundation (EIN: 204802775) is a nonprofit organization based in Chapel Hill, NC, classified under NTEE code T20. The organization reported total revenue of $1.3M and total assets of $3.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of E T Rollins Jr And Frances Prollins Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
E T Rollins Jr And Frances Prollins Foundation is a mid-size nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $224K |
| Total Expenses | $295K |
| Surplus / Deficit | $-70,820 |
| Total Assets | $3.9M |
| Total Liabilities | $1 |
| Net Assets | $3.9M |
| Operating Margin | -31.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 157.1 months |
Financial Health Grade: B
In 2023, E T Rollins Jr And Frances Prollins Foundation reported a deficit of $71K with expenses exceeding revenue, holds 157.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), E T Rollins Jr And Frances Prollins Foundation's revenue has declined at a compound annual growth rate (CAGR) of -0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.1% | -5.0% | -1.7% |
| 2022 | -46.5% | +4.4% | -3.3% |
| 2021 | +178.0% | -0.2% | +2.2% |
| 2020 | -43.6% | +4.7% | -3.9% |
| 2019 | +108.4% | -20.1% | -8.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates E T Rollins Jr And Frances Prollins Foundation with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, E T Rollins Jr And Frances Prollins Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $71K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The foundation reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This suggests a volunteer-led or externally managed structure, which can be a positive for maximizing funds available for grants, especially for an organization of its asset size ($3.8 million in 2023).
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 E T Rollins Jr And Frances Prollins Foundation's IRS 990 filings:
- 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
The following positive indicators were identified for E T Rollins Jr And Frances Prollins Foundation:
- 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.
Frequently Asked Questions about E T Rollins Jr And Frances Prollins Foundation
Is E T Rollins Jr And Frances Prollins Foundation a legitimate charity?
E T Rollins Jr And Frances Prollins Foundation (EIN: 204802775) is a registered tax-exempt nonprofit based in North Carolina. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.3M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does E T Rollins Jr And Frances Prollins Foundation spend its money?
E T Rollins Jr And Frances Prollins Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to E T Rollins Jr And Frances Prollins Foundation tax-deductible?
E T Rollins Jr And Frances Prollins Foundation is registered as a tax-exempt nonprofit (EIN: 204802775). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the E T Rollins Jr And Frances Prollins Foundation CEO make?
E T Rollins Jr And Frances Prollins Foundation's highest-compensated officer earns $3.8 annually. The organization reported $1.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does E T Rollins Jr And Frances Prollins Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), E T Rollins Jr And Frances Prollins Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is E T Rollins Jr And Frances Prollins Foundation located?
E T Rollins Jr And Frances Prollins Foundation is headquartered in Chapel Hill, North Carolina and files with the IRS under EIN 204802775. It is classified under NTEE code T20.
How many years of IRS 990 filings does E T Rollins Jr And Frances Prollins Foundation have?
E T Rollins Jr And Frances Prollins Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.3M in total revenue.
Is the E T Rollins Jr And Frances Prollins Foundation financially sustainable long-term?
The foundation has consistently spent more than its revenue in most years, leading to a decline in assets from $4.34 million in 2011 to $3.86 million in 2023. This trend suggests a potential spend-down strategy or a need to increase revenue to maintain its asset base.
What is the primary purpose of the E T Rollins Jr And Frances Prollins Foundation?
Based on the NTEE code T20, the foundation is classified as a Private Grantmaking Foundation, meaning its primary purpose is to provide grants to other organizations or individuals.
How does the foundation manage its administrative costs?
The consistent reporting of 0% officer compensation suggests very low administrative overhead related to executive salaries, potentially indicating reliance on volunteers or external, non-compensated management.
Filing History
IRS 990 filing history for E T Rollins Jr And Frances Prollins Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), E T Rollins Jr And Frances Prollins Foundation's revenue has declined by 9.3%, moving from $247K to $224K. Total assets decreased by 11% over the same period, from $4.3M to $3.9M. Total functional expenses rose by 9.8%, from $269K to $295K. In its most recent filing year (2023), E T Rollins Jr And Frances Prollins Foundation reported a deficit of $71K, with expenses exceeding revenue. The organization holds $1 in liabilities against $3.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $224K | $295K | $3.9M | $1 | — | — |
| 2022 | $206K | $310K | $3.9M | $1 | — | View 990 |
| 2021 | $384K | $297K | $4.1M | $1 | — | — |
| 2020 | $138K | $298K | $4.0M | $1 | — | — |
| 2019 | $245K | $285K | $4.1M | $1 | — | View 990 |
| 2015 | $118K | $356K | $4.5M | $1 | — | View 990 |
| 2014 | $598K | $311K | $4.8M | $1 | — | View 990 |
| 2013 | $262K | $251K | $4.5M | $1 | — | View 990 |
| 2012 | $401K | $285K | $4.5M | $1 | — | View 990 |
| 2011 | $247K | $269K | $4.3M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $224K, expenses of $295K, and assets of $3.9M (revenue +9.1% year-over-year).
- 2022: Revenue of $206K, expenses of $310K, and assets of $3.9M (revenue -46.5% year-over-year).
- 2021: Revenue of $384K, expenses of $297K, and assets of $4.1M (revenue +178.0% year-over-year).
- 2020: Revenue of $138K, expenses of $298K, and assets of $4.0M (revenue -43.6% year-over-year).
- 2019: Revenue of $245K, expenses of $285K, and assets of $4.1M (revenue +108.4% year-over-year).
- 2015: Revenue of $118K, expenses of $356K, and assets of $4.5M (revenue -80.3% year-over-year).
- 2014: Revenue of $598K, expenses of $311K, and assets of $4.8M (revenue +128.3% year-over-year).
- 2013: Revenue of $262K, expenses of $251K, and assets of $4.5M (revenue -34.8% year-over-year).
- 2012: Revenue of $401K, expenses of $285K, and assets of $4.5M (revenue +62.3% year-over-year).
- 2011: Revenue of $247K, expenses of $269K, and assets of $4.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for E T Rollins Jr And Frances Prollins Foundation:
Data Sources and Methodology
This transparency report for E T Rollins Jr And Frances Prollins Foundation 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.