Kenneth W Scott Foundation
Kenneth W Scott Foundation shows strong asset growth and no reported officer compensation over a decade.
EIN: 205532477 · Independence, OH · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $738K |
| Total Expenses | $775K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $10 |
| Net Assets | $9.7M |
| Transparency Score | 95/100 |
Is Kenneth W Scott Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kenneth W Scott Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kenneth W Scott Foundation
Kenneth W Scott Foundation (EIN: 205532477) is a nonprofit organization based in Independence, OH, classified under NTEE code T20. The organization reported total revenue of $738K and total assets of $10.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kenneth W Scott Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kenneth W Scott Foundation is a small nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $810K |
| Total Expenses | $775K |
| Surplus / Deficit | +$36K |
| Total Assets | $10.3M |
| Total Liabilities | $616K |
| Net Assets | $9.7M |
| Operating Margin | 4.4% |
| Debt-to-Asset Ratio | 6.0% |
| Months of Reserves | 160.1 months |
Financial Health Grade: A
In 2023, Kenneth W Scott Foundation reported a surplus of $36K with revenue exceeding expenses, holds 160.1 months of operating reserves (strong position), has a debt-to-asset ratio of 6.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Kenneth W Scott Foundation's revenue has grown at a compound annual growth rate (CAGR) of 8.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -29.3% | +31.5% | +2.1% |
| 2022 | -47.9% | +2.5% | +8.7% |
| 2021 | +45.0% | +51.5% | +21.8% |
| 2020 | +12.1% | -2.1% | +17.8% |
| 2019 | +37.2% | +57.2% | +47.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Kenneth W Scott Foundation with a Mission Score of 95 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: 90%
- fundraising: 0%
According to IRS 990 filings, Kenneth W Scott 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 surplus of $36K, with revenue exceeding expenses.
- Debt-to-asset ratio: 6.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries or other compensation are paid to officers, which is highly unusual for an organization of its size with over $10 million in assets and nearly $1 million in annual revenue.
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 Kenneth W Scott Foundation's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data, making full efficiency assessment difficult.
- Significant fluctuation in annual revenue, from $2.2M in 2021 to $810K in 2023, warrants further investigation into funding stability.
Strengths
The following positive indicators were identified for Kenneth W Scott Foundation:
- Strong asset growth, from $2.4 million in 2011 to over $10 million in 2023, indicating financial stability.
- Consistent reporting of 0% officer compensation, suggesting a high dedication of resources to mission.
- Low liabilities relative to assets, indicating a healthy balance sheet.
- Consistent IRS 990 filing history over a decade, demonstrating transparency.
Frequently Asked Questions about Kenneth W Scott Foundation
Is Kenneth W Scott Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Kenneth W Scott Foundation (EIN: 205532477) some concerns. Mission Score: 95/100. 2 red flags identified, 4 strengths noted.
How does Kenneth W Scott Foundation spend its money?
Kenneth W Scott Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Kenneth W Scott Foundation tax-deductible?
Kenneth W Scott Foundation is registered as a tax-exempt nonprofit (EIN: 205532477). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Kenneth W Scott Foundation CEO make?
Kenneth W Scott Foundation's highest-compensated officer earns $10 annually. The organization reported $738K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Kenneth W Scott Foundation compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Kenneth W Scott 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 Kenneth W Scott Foundation located?
Kenneth W Scott Foundation is headquartered in Independence, Ohio and files with the IRS under EIN 205532477. It is classified under NTEE code T20.
How many years of IRS 990 filings does Kenneth W Scott Foundation have?
Kenneth W Scott 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 $738K in total revenue.
How does the Kenneth W Scott Foundation manage to operate without any reported officer compensation?
The filings consistently show 0% officer compensation, which suggests that leadership may be entirely volunteer-based or compensated through other means not categorized as officer compensation on the 990, or that the foundation primarily functions as a grant-making entity with minimal internal operational staff.
What are the specific programmatic activities funded by the Kenneth W Scott Foundation?
The provided data does not detail the specific programs or grants made by the foundation. Further investigation into their public statements or grant recipient lists would be necessary to understand their programmatic focus.
Why did the foundation's revenue decrease significantly from $2.2 million in 2021 to $810,322 in 2023?
Fluctuations in revenue can be due to various factors such as changes in investment performance, a decrease in large donations, or the completion of specific fundraising campaigns. Without more detailed financial statements, the exact reason for this decline is unclear.
Filing History
IRS 990 filing history for Kenneth W Scott Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Kenneth W Scott Foundation's revenue has grown by 177.5%, moving from $292K to $810K. Total assets increased by 328.3% over the same period, from $2.4M to $10.3M. Total functional expenses rose by 462.5%, from $138K to $775K. In its most recent filing year (2023), Kenneth W Scott Foundation reported a surplus of $36K, with revenue exceeding expenses. The organization holds $616K in liabilities against $10.3M in assets (debt-to-asset ratio: 6.0%), resulting in net assets of $9.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $810K | $775K | $10.3M | $616K | — | — |
| 2022 | $1.1M | $589K | $10.1M | $440K | — | View 990 |
| 2021 | $2.2M | $575K | $9.3M | $191K | — | View 990 |
| 2020 | $1.5M | $379K | $7.6M | $149K | — | — |
| 2019 | $1.4M | $387K | $6.5M | $129K | — | View 990 |
| 2015 | $987K | $246K | $4.4M | $1 | — | View 990 |
| 2014 | $806K | $210K | $3.7M | $1 | — | View 990 |
| 2013 | $583K | $196K | $3.2M | $1 | — | View 990 |
| 2012 | $622K | $160K | $2.9M | $1 | — | View 990 |
| 2011 | $292K | $138K | $2.4M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $810K, expenses of $775K, and assets of $10.3M (revenue -29.3% year-over-year).
- 2022: Revenue of $1.1M, expenses of $589K, and assets of $10.1M (revenue -47.9% year-over-year).
- 2021: Revenue of $2.2M, expenses of $575K, and assets of $9.3M (revenue +45.0% year-over-year).
- 2020: Revenue of $1.5M, expenses of $379K, and assets of $7.6M (revenue +12.1% year-over-year).
- 2019: Revenue of $1.4M, expenses of $387K, and assets of $6.5M (revenue +37.2% year-over-year).
- 2015: Revenue of $987K, expenses of $246K, and assets of $4.4M (revenue +22.5% year-over-year).
- 2014: Revenue of $806K, expenses of $210K, and assets of $3.7M (revenue +38.3% year-over-year).
- 2013: Revenue of $583K, expenses of $196K, and assets of $3.2M (revenue -6.4% year-over-year).
- 2012: Revenue of $622K, expenses of $160K, and assets of $2.9M (revenue +113.1% year-over-year).
- 2011: Revenue of $292K, expenses of $138K, and assets of $2.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kenneth W Scott Foundation:
Data Sources and Methodology
This transparency report for Kenneth W Scott 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.