Mote Scientific Foundation Inc
Mote Scientific Foundation Inc. consistently operates at a deficit, drawing down assets.
EIN: 136117615 · Sarasota, FL · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.9M |
| Total Expenses | $918K |
| Program Spending | 75% |
| CEO/Top Officer Pay | $10,014,452 |
| Net Assets | $7.0M |
| Transparency Score | 60/100 |
Is Mote Scientific Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mote Scientific Foundation Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mote Scientific Foundation Inc
Mote Scientific Foundation Inc (EIN: 136117615) is a nonprofit organization based in Sarasota, FL. The organization reported total revenue of $4.9M and total assets of $10.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mote Scientific Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mote Scientific Foundation Inc is a mid-size nonprofit that has been operating for 74 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -6.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $294K |
| Total Expenses | $918K |
| Surplus / Deficit | $-624,400 |
| Total Assets | $10.0M |
| Total Liabilities | $3.0M |
| Net Assets | $7.0M |
| Operating Margin | -212.7% |
| Debt-to-Asset Ratio | 30.1% |
| Months of Reserves | 130.9 months |
Financial Health Grade: B
In 2023, Mote Scientific Foundation Inc reported a deficit of $624K with expenses exceeding revenue, holds 130.9 months of operating reserves (strong position), has a debt-to-asset ratio of 30.1% (moderate leverage).
Financial Trends
Over 10 years of filings (2011–2023), Mote Scientific Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -6.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +221.7% | -7.0% | -1.4% |
| 2022 | -94.2% | +0.5% | -17.3% |
| 2021 | +123.8% | -1.2% | +5.1% |
| 2020 | +101.4% | +44.7% | -2.1% |
| 2019 | -54.7% | -7.4% | +1.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1952 |
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 Mote Scientific Foundation Inc with a Mission Score of 60 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Mote Scientific Foundation Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $624K, with expenses exceeding revenue.
- Debt-to-asset ratio: 30.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating either uncompensated officers or a highly efficient use of funds by not allocating a portion of expenses to executive salaries, which is commendable for an organization of its asset size ($10,014,452 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 Mote Scientific Foundation Inc's IRS 990 filings:
- Consistent operating deficits (expenses exceeding revenue in most recent filings, e.g., 2023 expenses $917,928 vs. revenue $293,528).
- Decline in total assets from $12,275,912 in 2021 to $10,014,452 in 2023, indicating asset utilization to cover deficits.
Strengths
The following positive indicators were identified for Mote Scientific Foundation Inc:
- Consistent reporting of 0% officer compensation, indicating either volunteer leadership or highly efficient use of funds.
- Substantial asset base ($10,014,452 in 2023) providing a buffer despite operating deficits.
Frequently Asked Questions about Mote Scientific Foundation Inc
Is Mote Scientific Foundation Inc a legitimate charity?
Mote Scientific Foundation Inc (EIN: 136117615) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 60/100. It has 10 years of IRS 990 filings on record. Total revenue: $4.9M. 2 red flags identified. 2 strengths noted. Financial health grade: B.
How does Mote Scientific Foundation Inc spend its money?
Mote Scientific Foundation Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Mote Scientific Foundation Inc tax-deductible?
Mote Scientific Foundation Inc is registered as a tax-exempt nonprofit (EIN: 136117615). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Mote Scientific Foundation Inc CEO make?
Mote Scientific Foundation Inc's highest-compensated officer earns $10,014,452 annually. The organization reported $4.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Mote Scientific Foundation Inc's spending goes to programs?
Mote Scientific Foundation Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Mote Scientific Foundation Inc located?
Mote Scientific Foundation Inc is headquartered in Sarasota, Florida and files with the IRS under EIN 136117615.
How many years of IRS 990 filings does Mote Scientific Foundation Inc have?
Mote Scientific Foundation Inc 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 $4.9M in total revenue.
Is Mote Scientific Foundation Inc. financially sustainable given its consistent operating deficits?
The organization has consistently reported expenses exceeding revenue in recent years (e.g., $917,928 expenses vs. $293,528 revenue in 2023). While it possesses substantial assets ($10,014,452 in 2023), this trend of deficit spending is not sustainable long-term without increased revenue or reduced expenses.
What is the source of funding for the consistent operating deficits?
The consistent operating deficits suggest the organization is either drawing down its assets or relying on other undisclosed funding sources to cover its expenses. The decline in assets from $12,275,912 in 2021 to $10,014,452 in 2023 supports the idea of asset utilization.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation across all filings suggests that the organization's officers are either volunteers or are compensated through other means not categorized as 'officer compensation' on the 990, or that the organization has a unique compensation structure.
Filing History
IRS 990 filing history for Mote Scientific Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Mote Scientific Foundation Inc's revenue has declined by 52.2%, moving from $614K to $294K. Total assets decreased by 17.8% over the same period, from $12.2M to $10.0M. Total functional expenses rose by 17.4%, from $782K to $918K. In its most recent filing year (2023), Mote Scientific Foundation Inc reported a deficit of $624K, with expenses exceeding revenue. The organization holds $3.0M in liabilities against $10.0M in assets (debt-to-asset ratio: 30.1%), resulting in net assets of $7.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $294K | $918K | $10.0M | $3.0M | — | View 990 |
| 2022 | $91K | $988K | $10.2M | $3 | — | View 990 |
| 2021 | $1.6M | $983K | $12.3M | $3 | — | View 990 |
| 2020 | $701K | $994K | $11.7M | $3.0M | — | View 990 |
| 2019 | $348K | $687K | $11.9M | $3.0M | — | View 990 |
| 2015 | $768K | $742K | $11.7M | $3.0M | — | View 990 |
| 2014 | $737K | $855K | $12.4M | $3.0M | — | View 990 |
| 2013 | $705K | $752K | $12.5M | $3.0M | — | View 990 |
| 2012 | $477K | $687K | $12.3M | $3.0M | — | View 990 |
| 2011 | $614K | $782K | $12.2M | $3.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $294K, expenses of $918K, and assets of $10.0M (revenue +221.7% year-over-year).
- 2022: Revenue of $91K, expenses of $988K, and assets of $10.2M (revenue -94.2% year-over-year).
- 2021: Revenue of $1.6M, expenses of $983K, and assets of $12.3M (revenue +123.8% year-over-year).
- 2020: Revenue of $701K, expenses of $994K, and assets of $11.7M (revenue +101.4% year-over-year).
- 2019: Revenue of $348K, expenses of $687K, and assets of $11.9M (revenue -54.7% year-over-year).
- 2015: Revenue of $768K, expenses of $742K, and assets of $11.7M (revenue +4.3% year-over-year).
- 2014: Revenue of $737K, expenses of $855K, and assets of $12.4M (revenue +4.5% year-over-year).
- 2013: Revenue of $705K, expenses of $752K, and assets of $12.5M (revenue +47.7% year-over-year).
- 2012: Revenue of $477K, expenses of $687K, and assets of $12.3M (revenue -22.3% year-over-year).
- 2011: Revenue of $614K, expenses of $782K, and assets of $12.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mote Scientific Foundation Inc:
Data Sources and Methodology
This transparency report for Mote Scientific Foundation 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.