Peninsula Community Foundation
Peninsula Community Foundation shows consistent growth and no reported officer compensation.
EIN: 10554374 · Cornelius, NC · NTEE: T31 · Updated: 2026-03-28
Is Peninsula Community Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Peninsula Community Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Peninsula Community Foundation
Peninsula Community Foundation (EIN: 10554374) is a nonprofit organization based in Cornelius, NC, classified under NTEE code T31. The organization reported total revenue of $642K and total assets of $282K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Peninsula Community Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Peninsula Community Foundation with a Mission Score of 85 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, Peninsula Community Foundation 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.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, suggesting a volunteer-led executive team or that compensation is categorized differently, which is unusual for an organization with growing revenue and assets.
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 Peninsula Community Foundation's IRS 990 filings:
- Consistent 0% officer compensation reported, which could indicate a lack of transparency if compensation is merely reclassified rather than truly absent.
Strengths
The following positive indicators were identified for Peninsula Community Foundation:
- Consistent revenue growth, from $98,262 in 201612 to $359,397 in 202312.
- Steady asset growth, reaching $294,829 in the latest filing, indicating financial stability.
- Expenses generally managed well relative to revenue, with a positive net income in most recent periods.
- Low liabilities in most periods, suggesting good financial health and minimal debt burden.
Frequently Asked Questions about Peninsula Community Foundation
Is Peninsula Community Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Peninsula Community Foundation (EIN: 10554374) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Peninsula Community Foundation spend its money?
Peninsula Community Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Peninsula Community Foundation tax-deductible?
Peninsula Community Foundation is registered as a tax-exempt nonprofit (EIN: 10554374). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Peninsula Community Foundation manage to operate with 0% reported officer compensation?
The consistent reporting of 0% officer compensation across all filings suggests that the organization may be entirely volunteer-led at the executive level, or that executive salaries are categorized under other expense lines, which would require further detail from the organization to clarify.
What is the primary use of the organization's growing assets?
As a Community Foundation (NTEE T31), the growing assets, reaching $294,829 in 202312, are typically used to generate investment income for grantmaking and to support various community initiatives, though specific program details are not available in the provided financial summary.
Has the organization experienced any significant financial challenges?
While there were periods where expenses exceeded revenue (e.g., 202112: Revenue=$213,894, Expenses=$220,717; 202012: Revenue=$133,165, Expenses=$178,480), the overall trend shows consistent revenue growth and asset accumulation, indicating resilience and effective financial management over time.
Filing History
IRS 990 filing history for Peninsula Community Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Peninsula Community Foundation's revenue has grown by 256.8%, moving from $101K to $359K. Total assets increased by 112.6% over the same period, from $139K to $295K. Total functional expenses rose by 337.8%, from $73K to $321K. In its most recent filing year (2023), Peninsula Community Foundation reported a surplus of $38K, with revenue exceeding expenses. The organization holds $183 in liabilities against $295K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $295K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $359K | $321K | $295K | $183 | — | — |
| 2022 | $298K | $241K | $256K | $0 | — | View 990 |
| 2021 | $214K | $221K | $199K | $0 | — | View 990 |
| 2020 | $133K | $178K | $209K | $3K | — | — |
| 2019 | $198K | $170K | $264K | $13K | — | View 990 |
| 2018 | $193K | $111K | $233K | $9K | — | View 990 |
| 2017 | $124K | $119K | $146K | $3K | — | — |
| 2016 | $98K | $178K | $143K | $5K | — | View 990 |
| 2015 | $122K | $104K | $225K | $7K | — | View 990 |
| 2014 | $127K | $101K | $200K | $64 | — | View 990 |
| 2013 | $89K | $96K | $174K | $59 | — | View 990 |
| 2012 | $157K | $114K | $185K | $3K | — | View 990 |
| 2011 | $101K | $73K | $139K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $359K, expenses of $321K, and assets of $295K (revenue +20.8% year-over-year).
- 2022: Revenue of $298K, expenses of $241K, and assets of $256K (revenue +39.1% year-over-year).
- 2021: Revenue of $214K, expenses of $221K, and assets of $199K (revenue +60.6% year-over-year).
- 2020: Revenue of $133K, expenses of $178K, and assets of $209K (revenue -32.6% year-over-year).
- 2019: Revenue of $198K, expenses of $170K, and assets of $264K (revenue +2.6% year-over-year).
- 2018: Revenue of $193K, expenses of $111K, and assets of $233K (revenue +55.8% year-over-year).
- 2017: Revenue of $124K, expenses of $119K, and assets of $146K (revenue +25.8% year-over-year).
- 2016: Revenue of $98K, expenses of $178K, and assets of $143K (revenue -19.2% year-over-year).
- 2015: Revenue of $122K, expenses of $104K, and assets of $225K (revenue -4.2% year-over-year).
- 2014: Revenue of $127K, expenses of $101K, and assets of $200K (revenue +42.6% year-over-year).
- 2013: Revenue of $89K, expenses of $96K, and assets of $174K (revenue -43.5% year-over-year).
- 2012: Revenue of $157K, expenses of $114K, and assets of $185K (revenue +56.2% year-over-year).
- 2011: Revenue of $101K, expenses of $73K, and assets of $139K.
Data Sources and Methodology
This transparency report for Peninsula Community 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.