Fayette Schools Alumni Association
Fayette Schools Alumni Association maintains stable finances with growing assets and no liabilities, relying on volunteer leadership.
EIN: 20550828 · Somerville, TN · NTEE: B82 · Updated: 2026-03-28
Is Fayette Schools Alumni Association Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fayette Schools Alumni Association directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Fayette Schools Alumni Association
Fayette Schools Alumni Association (EIN: 20550828) is a nonprofit organization based in Somerville, TN, classified under NTEE code B82. The organization reported total revenue of $128K and total assets of $246K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fayette Schools Alumni Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fayette Schools Alumni Association is a small nonprofit that has been operating for 23 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 3.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $103K |
| Total Expenses | $110K |
| Surplus / Deficit | $-6,857 |
| Total Assets | $241K |
| Net Assets | $241K |
| Operating Margin | -6.7% |
| Months of Reserves | 26.4 months |
Financial Health Grade: B
In 2024, Fayette Schools Alumni Association reported a deficit of $7K with expenses exceeding revenue, holds 26.4 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2011–2024), Fayette Schools Alumni Association's revenue has grown at a compound annual growth rate (CAGR) of 3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +20.0% | +357.4% | -2.8% |
| 2023 | +25.3% | -65.6% | +33.2% |
| 2022 | -15.5% | +41.1% | -0.7% |
| 2021 | +2.9% | -39.6% | +20.2% |
| 2020 | -7.5% | +11.7% | +5.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2003 |
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 Fayette Schools Alumni Association with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Fayette Schools Alumni Association allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $7K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization is likely run by volunteers. This significantly reduces administrative overhead and ensures that a greater proportion of funds can be directed towards its programmatic mission.
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.
Strengths
The following positive indicators were identified for Fayette Schools Alumni Association:
- Consistent growth in assets, from $148,699 in 2015 to $241,109 in 2024.
- Zero reported liabilities across all filing periods, indicating strong financial health.
- 0% officer compensation reported in all filings, suggesting volunteer leadership and efficient use of funds.
- Long history of transparent IRS 990 filings (14 filings), demonstrating accountability.
- Strong financial stability with a healthy asset base relative to its annual revenue.
Frequently Asked Questions about Fayette Schools Alumni Association
Is Fayette Schools Alumni Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Fayette Schools Alumni Association (EIN: 20550828) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Fayette Schools Alumni Association spend its money?
Fayette Schools Alumni Association directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Fayette Schools Alumni Association tax-deductible?
Fayette Schools Alumni Association is registered as a tax-exempt nonprofit (EIN: 20550828). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Fayette Schools Alumni Association a good charity?
Based on its financial data, Fayette Schools Alumni Association appears to be a good charity. It has a strong financial foundation with growing assets and no liabilities, consistently reports 0% officer compensation, and has a long history of transparent IRS filings.
How does the organization manage its expenses relative to its revenue?
The organization generally manages its expenses well, though there are fluctuations. In some years, like 2024 and 2016, expenses slightly exceeded revenue. However, in other years, such as 2023, revenue significantly outpaced expenses ($85,761 revenue vs. $24,003 expenses), indicating strategic financial management rather than consistent overspending.
What is the trend in the organization's assets?
The organization's assets show a positive growth trend, increasing from $148,699 in 2015 to $241,109 in 2024, demonstrating effective asset management and financial stability.
Filing History
IRS 990 filing history for Fayette Schools Alumni Association showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Fayette Schools Alumni Association's revenue has grown by 52.8%, moving from $67K to $103K. Total assets increased by 233% over the same period, from $72K to $241K. Total functional expenses rose by 46.8%, from $75K to $110K. In its most recent filing year (2024), Fayette Schools Alumni Association reported a deficit of $7K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $103K | $110K | $241K | $0 | — | — |
| 2023 | $86K | $24K | $248K | $0 | — | View 990 |
| 2022 | $68K | $70K | $186K | $0 | — | View 990 |
| 2021 | $81K | $49K | $188K | $0 | — | View 990 |
| 2020 | $79K | $82K | $156K | $0 | — | View 990 |
| 2019 | $85K | $73K | $147K | $0 | — | View 990 |
| 2018 | $89K | $74K | $147K | $0 | — | View 990 |
| 2017 | $84K | $81K | $132K | $0 | — | View 990 |
| 2016 | $95K | $115K | $129K | $0 | — | — |
| 2015 | $93K | $62K | $149K | $0 | — | View 990 |
| 2014 | $83K | $60K | $118K | $0 | — | View 990 |
| 2013 | $78K | $71K | $96K | $0 | — | View 990 |
| 2012 | $73K | $56K | $89K | $0 | — | View 990 |
| 2011 | $67K | $75K | $72K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $103K, expenses of $110K, and assets of $241K (revenue +20.0% year-over-year).
- 2023: Revenue of $86K, expenses of $24K, and assets of $248K (revenue +25.3% year-over-year).
- 2022: Revenue of $68K, expenses of $70K, and assets of $186K (revenue -15.5% year-over-year).
- 2021: Revenue of $81K, expenses of $49K, and assets of $188K (revenue +2.9% year-over-year).
- 2020: Revenue of $79K, expenses of $82K, and assets of $156K (revenue -7.5% year-over-year).
- 2019: Revenue of $85K, expenses of $73K, and assets of $147K (revenue -4.8% year-over-year).
- 2018: Revenue of $89K, expenses of $74K, and assets of $147K (revenue +6.7% year-over-year).
- 2017: Revenue of $84K, expenses of $81K, and assets of $132K (revenue -12.0% year-over-year).
- 2016: Revenue of $95K, expenses of $115K, and assets of $129K (revenue +2.2% year-over-year).
- 2015: Revenue of $93K, expenses of $62K, and assets of $149K (revenue +12.6% year-over-year).
- 2014: Revenue of $83K, expenses of $60K, and assets of $118K (revenue +6.1% year-over-year).
- 2013: Revenue of $78K, expenses of $71K, and assets of $96K (revenue +6.5% year-over-year).
- 2012: Revenue of $73K, expenses of $56K, and assets of $89K (revenue +8.7% year-over-year).
- 2011: Revenue of $67K, expenses of $75K, and assets of $72K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fayette Schools Alumni Association:
Data Sources and Methodology
This transparency report for Fayette Schools Alumni Association 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.