Kennebunk Rotary Scholarship Fund Inc
Kennebunk Rotary Scholarship Fund consistently directs nearly all spending to scholarships with no executive compensation.
EIN: 10374097 · Kennebunk, ME · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $61K |
| Program Spending | 95% |
| Net Assets | $972K |
| Transparency Score | 98/100 |
Is Kennebunk Rotary Scholarship Fund Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kennebunk Rotary Scholarship Fund Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kennebunk Rotary Scholarship Fund Inc
Kennebunk Rotary Scholarship Fund Inc (EIN: 10374097) is a nonprofit organization based in Kennebunk, ME, classified under NTEE code B82. The organization reported total revenue of $1.4M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kennebunk Rotary Scholarship Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kennebunk Rotary Scholarship Fund Inc is a mid-size nonprofit that has been operating for 31 years, with 11 years of IRS 990 filings on record (2013–2024). Revenue has grown at a compound annual rate of 13.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $150K |
| Total Expenses | $61K |
| Surplus / Deficit | +$90K |
| Total Assets | $1.0M |
| Total Liabilities | $67K |
| Net Assets | $972K |
| Operating Margin | 59.6% |
| Debt-to-Asset Ratio | 6.5% |
| Months of Reserves | 205.3 months |
Financial Health Grade: A
In 2024, Kennebunk Rotary Scholarship Fund Inc reported a surplus of $90K with revenue exceeding expenses, holds 205.3 months of operating reserves (strong position), has a debt-to-asset ratio of 6.5% (very low leverage).
Financial Trends
Over 11 years of filings (2013–2024), Kennebunk Rotary Scholarship Fund Inc's revenue has grown at a compound annual growth rate (CAGR) of 13.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +421.8% | +138.0% | +15.9% |
| 2023 | -37.1% | +86.1% | +12.6% |
| 2022 | -76.5% | -15.1% | +21.8% |
| 2021 | +196.9% | +6.9% | +37.1% |
| 2020 | +49.7% | -32.6% | +12.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
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 Kennebunk Rotary Scholarship Fund Inc with a Mission Score of 98 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: 4%
- programs: 95%
- fundraising: 1%
According to IRS 990 filings, Kennebunk Rotary Scholarship Fund Inc allocates its expenses as follows: admin: 4%, programs: 95%, fundraising: 1%. With 95% 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 surplus of $90K, with revenue exceeding expenses.
- Debt-to-asset ratio: 6.5%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filing periods, indicating that the organization is run by volunteers. This is highly commendable and ensures that all available funds are directed towards its scholarship programs.
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 Kennebunk Rotary Scholarship Fund Inc:
- Consistent asset growth, reaching over $1 million.
- Zero officer compensation across all reported periods.
- Very high percentage of expenses dedicated to program services.
- Low liabilities relative to assets, indicating strong financial health.
- Consistent IRS 990 filing history, demonstrating transparency.
Frequently Asked Questions about Kennebunk Rotary Scholarship Fund Inc
Is Kennebunk Rotary Scholarship Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Kennebunk Rotary Scholarship Fund Inc (EIN: 10374097) appears legitimate. Mission Score: 98/100. 0 red flags identified, 5 strengths noted.
How does Kennebunk Rotary Scholarship Fund Inc spend its money?
Kennebunk Rotary Scholarship Fund Inc directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Kennebunk Rotary Scholarship Fund Inc tax-deductible?
Kennebunk Rotary Scholarship Fund Inc is registered as a tax-exempt nonprofit (EIN: 10374097). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Kennebunk Rotary Scholarship Fund Inc's spending goes to programs?
Kennebunk Rotary Scholarship Fund Inc directs 95% to programs, 1% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Kennebunk Rotary Scholarship Fund Inc compare to similar nonprofits?
With a transparency score of 98/100 (Excellent), Kennebunk Rotary Scholarship Fund Inc is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Kennebunk Rotary Scholarship Fund Inc located?
Kennebunk Rotary Scholarship Fund Inc is headquartered in Kennebunk, Maine and files with the IRS under EIN 10374097. It is classified under NTEE code B82.
How many years of IRS 990 filings does Kennebunk Rotary Scholarship Fund Inc have?
Kennebunk Rotary Scholarship Fund Inc 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 $1.4M in total revenue.
Is Kennebunk Rotary Scholarship Fund Inc. a good charity?
Yes, based on the provided financial data, Kennebunk Rotary Scholarship Fund Inc. appears to be an excellent charity. It demonstrates exceptional financial efficiency, with no executive compensation and a very high percentage of expenses dedicated to its program services (scholarships).
How has the organization's financial capacity grown over time?
The organization's assets have grown substantially, from $338,343 in 201406 to $1,092,618 currently, indicating a strong and growing financial capacity to support its mission.
What is the primary use of funds by this organization?
The primary use of funds is for program services, specifically scholarship distribution, as evidenced by the very low administrative and fundraising expenses and the absence of officer compensation.
Filing History
IRS 990 filing history for Kennebunk Rotary Scholarship Fund Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2024), Kennebunk Rotary Scholarship Fund Inc's revenue has grown by 305.9%, moving from $37K to $150K. Total assets increased by 288.5% over the same period, from $268K to $1.0M. Total functional expenses rose by 266.3%, from $17K to $61K. In its most recent filing year (2024), Kennebunk Rotary Scholarship Fund Inc reported a surplus of $90K, with revenue exceeding expenses. The organization holds $67K in liabilities against $1.0M in assets (debt-to-asset ratio: 6.5%), resulting in net assets of $972K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $150K | $61K | $1.0M | $67K | — | — |
| 2023 | $29K | $26K | $897K | $23K | — | View 990 |
| 2022 | $46K | $14K | $797K | $16K | — | View 990 |
| 2021 | $195K | $16K | $654K | $15K | — | View 990 |
| 2020 | $66K | $15K | $477K | $18K | — | View 990 |
| 2018 | $44K | $22K | $425K | $22K | — | View 990 |
| 2017 | $44K | $21K | $399K | $17K | — | View 990 |
| 2016 | $39K | $18K | $375K | $17K | — | View 990 |
| 2015 | $31K | $17K | $355K | $18K | — | View 990 |
| 2014 | $89K | $16K | $338K | $15K | — | View 990 |
| 2013 | $37K | $17K | $268K | $16K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $150K, expenses of $61K, and assets of $1.0M (revenue +421.8% year-over-year).
- 2023: Revenue of $29K, expenses of $26K, and assets of $897K (revenue -37.1% year-over-year).
- 2022: Revenue of $46K, expenses of $14K, and assets of $797K (revenue -76.5% year-over-year).
- 2021: Revenue of $195K, expenses of $16K, and assets of $654K (revenue +196.9% year-over-year).
- 2020: Revenue of $66K, expenses of $15K, and assets of $477K (revenue +49.7% year-over-year).
- 2018: Revenue of $44K, expenses of $22K, and assets of $425K (revenue +0.6% year-over-year).
- 2017: Revenue of $44K, expenses of $21K, and assets of $399K (revenue +13.3% year-over-year).
- 2016: Revenue of $39K, expenses of $18K, and assets of $375K (revenue +22.9% year-over-year).
- 2015: Revenue of $31K, expenses of $17K, and assets of $355K (revenue -64.6% year-over-year).
- 2014: Revenue of $89K, expenses of $16K, and assets of $338K (revenue +139.1% year-over-year).
- 2013: Revenue of $37K, expenses of $17K, and assets of $268K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kennebunk Rotary Scholarship Fund Inc:
Data Sources and Methodology
This transparency report for Kennebunk Rotary Scholarship Fund 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.