Friends Of Sequoyah
EIN: 271690761 · Vonore, TN · NTEE: A50
| Metric | Value |
|---|---|
| Total Revenue | $372K |
| Total Expenses | $494K |
| Net Assets | $2.5M |
Is Friends Of Sequoyah Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Friends Of Sequoyah
Friends Of Sequoyah (EIN: 271690761) is a nonprofit organization based in Vonore, TN, classified under NTEE code A50. The organization reported total revenue of $372K and total assets of $2.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Sequoyah's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of Sequoyah is a small nonprofit that has been operating for 12 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 1.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $315K |
| Total Expenses | $494K |
| Surplus / Deficit | $-179,070 |
| Total Assets | $2.5M |
| Total Liabilities | $2K |
| Net Assets | $2.5M |
| Operating Margin | -56.8% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 61.6 months |
Financial Health Grade: B
In 2023, Friends Of Sequoyah reported a deficit of $179K with expenses exceeding revenue, holds 61.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 11 years of filings (2013–2023), Friends Of Sequoyah's revenue has grown at a compound annual growth rate (CAGR) of 1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.8% | +6.8% | -6.6% |
| 2022 | -2.7% | +1.3% | -5.8% |
| 2021 | +12.8% | +4.8% | -5.0% |
| 2020 | -14.0% | -5.2% | -5.2% |
| 2019 | -47.0% | +37.8% | -4.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Friends Of Sequoyah has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Friends Of Sequoyah with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $179K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Frequently Asked Questions about Friends Of Sequoyah
Is Friends Of Sequoyah a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of Sequoyah (EIN: 271690761) insufficient data. 0 red flags identified, 0 strengths noted.
How does Friends Of Sequoyah spend its money?
Detailed spending breakdown data is not yet available for Friends Of Sequoyah. Check back for updated IRS 990 analysis.
Are donations to Friends Of Sequoyah tax-deductible?
Friends Of Sequoyah is registered as a tax-exempt nonprofit (EIN: 271690761). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Friends Of Sequoyah located?
Friends Of Sequoyah is headquartered in Vonore, Tennessee and files with the IRS under EIN 271690761. It is classified under NTEE code A50.
How many years of IRS 990 filings does Friends Of Sequoyah have?
Friends Of Sequoyah has 11 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 $372K in total revenue.
Filing History
IRS 990 filing history for Friends Of Sequoyah showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Friends Of Sequoyah's revenue has grown by 21.3%, moving from $260K to $315K. Total assets increased by 285% over the same period, from $659K to $2.5M. Total functional expenses rose by 87.2%, from $264K to $494K. In its most recent filing year (2023), Friends Of Sequoyah reported a deficit of $179K, with expenses exceeding revenue. The organization holds $2K in liabilities against $2.5M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $2.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $315K | $494K | $2.5M | $2K | — | View 990 |
| 2022 | $295K | $463K | $2.7M | $1K | — | View 990 |
| 2021 | $303K | $457K | $2.9M | $1K | — | View 990 |
| 2020 | $269K | $436K | $3.0M | $569 | — | View 990 |
| 2019 | $312K | $460K | $3.2M | $398 | — | View 990 |
| 2018 | $589K | $333K | $3.4M | $1K | — | View 990 |
| 2017 | $329K | $302K | $3.3M | $163K | — | View 990 |
| 2016 | $1.0M | $286K | $3.1M | $8K | — | View 990 |
| 2015 | $2.0M | $273K | $2.4M | $69K | — | View 990 |
| 2014 | $236K | $269K | $634K | $5K | — | View 990 |
| 2013 | $260K | $264K | $659K | $13K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $315K, expenses of $494K, and assets of $2.5M (revenue +6.8% year-over-year).
- 2022: Revenue of $295K, expenses of $463K, and assets of $2.7M (revenue -2.7% year-over-year).
- 2021: Revenue of $303K, expenses of $457K, and assets of $2.9M (revenue +12.8% year-over-year).
- 2020: Revenue of $269K, expenses of $436K, and assets of $3.0M (revenue -14.0% year-over-year).
- 2019: Revenue of $312K, expenses of $460K, and assets of $3.2M (revenue -47.0% year-over-year).
- 2018: Revenue of $589K, expenses of $333K, and assets of $3.4M (revenue +79.2% year-over-year).
- 2017: Revenue of $329K, expenses of $302K, and assets of $3.3M (revenue -67.3% year-over-year).
- 2016: Revenue of $1.0M, expenses of $286K, and assets of $3.1M (revenue -49.6% year-over-year).
- 2015: Revenue of $2.0M, expenses of $273K, and assets of $2.4M (revenue +743.9% year-over-year).
- 2014: Revenue of $236K, expenses of $269K, and assets of $634K (revenue -9.2% year-over-year).
- 2013: Revenue of $260K, expenses of $264K, and assets of $659K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of Sequoyah:
Data Sources and Methodology
This transparency report for Friends Of Sequoyah 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.