Scott Foundation Inc
Scott Foundation Inc. consistently spends more than it earns, drawing on substantial assets.
EIN: 161744259 · Opelika, AL · NTEE: T20 · Updated: 2026-03-28
Is Scott Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Scott Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Scott Foundation Inc
Scott Foundation Inc (EIN: 161744259) is a nonprofit organization based in Opelika, AL, classified under NTEE code T20. The organization reported total revenue of $8.2M and total assets of $12.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Scott Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Scott Foundation Inc is a mid-size nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $736K |
| Total Expenses | $1.4M |
| Surplus / Deficit | $-627,867 |
| Total Assets | $10.5M |
| Total Liabilities | $1 |
| Net Assets | $10.5M |
| Operating Margin | -85.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 92.2 months |
Financial Health Grade: B
In 2023, Scott Foundation Inc reported a deficit of $628K with expenses exceeding revenue, holds 92.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Scott Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 13.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -34.6% | -18.0% | -5.7% |
| 2022 | -17.3% | -4.6% | -4.6% |
| 2021 | +22.1% | +39.4% | -3.2% |
| 2020 | +61.0% | -3.1% | -1.1% |
| 2019 | -49.0% | +53.4% | -2.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Scott Foundation Inc with a Mission Score of 75 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Scott Foundation Inc 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $628K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, suggesting either a volunteer leadership model or that compensation is handled through an external entity, which enhances transparency regarding direct salary costs.
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 Scott Foundation Inc's IRS 990 filings:
- Consistent operating deficits (expenses exceeding revenue) in recent years, e.g., 2023 expenses were $1,363,831 against $735,964 revenue.
- Unusually low and consistent liabilities reported as $1 in multiple recent filings, which may warrant further clarification.
Strengths
The following positive indicators were identified for Scott Foundation Inc:
- Substantial and stable asset base, consistently over $10 million, providing financial cushion.
- Consistent reporting of 0% officer compensation, indicating either volunteer leadership or high transparency in this area.
- Low liabilities reported in recent years, suggesting minimal debt burden.
Frequently Asked Questions about Scott Foundation Inc
Is Scott Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Scott Foundation Inc (EIN: 161744259) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Scott Foundation Inc spend its money?
Scott Foundation Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Scott Foundation Inc tax-deductible?
Scott Foundation Inc is registered as a tax-exempt nonprofit (EIN: 161744259). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Scott Foundation Inc. cover its consistent operating deficits?
The organization appears to cover its operating deficits by drawing from its substantial asset base, which has remained over $10 million for the past decade. For example, in 2023, expenses exceeded revenue by over $600,000, yet assets remained robust at $10,474,028.
What is the nature of the organization's liabilities, which are consistently reported as $1?
The consistent reporting of $1 in liabilities across most recent filings (2019-2023) is unusual and may indicate a specific accounting practice or that the organization has minimal outstanding financial obligations. Further detail would be needed to understand this.
What is the long-term strategy for addressing the revenue-expense imbalance?
The filings do not explicitly state a strategy. Given the consistent deficits, the organization would need to either increase revenue generation or reduce expenses to ensure long-term sustainability without depleting its asset base.
Filing History
IRS 990 filing history for Scott Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Scott Foundation Inc's revenue has grown by 355.8%, moving from $161K to $736K. Total assets increased by 4.6% over the same period, from $10.0M to $10.5M. Total functional expenses rose by 75.3%, from $778K to $1.4M. In its most recent filing year (2023), Scott Foundation Inc reported a deficit of $628K, with expenses exceeding revenue. The organization holds $1 in liabilities against $10.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $10.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $736K | $1.4M | $10.5M | $1 | — | — |
| 2022 | $1.1M | $1.7M | $11.1M | $1 | — | — |
| 2021 | $1.4M | $1.7M | $11.6M | $1 | — | View 990 |
| 2020 | $1.1M | $1.3M | $12.0M | $2K | — | View 990 |
| 2019 | $692K | $1.3M | $12.2M | $2K | — | View 990 |
| 2015 | $1.4M | $841K | $12.5M | $7K | — | View 990 |
| 2014 | $841K | $1.2M | $11.9M | $1K | — | View 990 |
| 2013 | $2.0M | $771K | $12.3M | $4K | — | View 990 |
| 2012 | $2.1M | $809K | $11.3M | $5K | — | View 990 |
| 2011 | $161K | $778K | $10.0M | $10K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $736K, expenses of $1.4M, and assets of $10.5M (revenue -34.6% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.7M, and assets of $11.1M (revenue -17.3% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.7M, and assets of $11.6M (revenue +22.1% year-over-year).
- 2020: Revenue of $1.1M, expenses of $1.3M, and assets of $12.0M (revenue +61.0% year-over-year).
- 2019: Revenue of $692K, expenses of $1.3M, and assets of $12.2M (revenue -49.0% year-over-year).
- 2015: Revenue of $1.4M, expenses of $841K, and assets of $12.5M (revenue +61.3% year-over-year).
- 2014: Revenue of $841K, expenses of $1.2M, and assets of $11.9M (revenue -58.1% year-over-year).
- 2013: Revenue of $2.0M, expenses of $771K, and assets of $12.3M (revenue -5.9% year-over-year).
- 2012: Revenue of $2.1M, expenses of $809K, and assets of $11.3M (revenue +1221.9% year-over-year).
- 2011: Revenue of $161K, expenses of $778K, and assets of $10.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Scott Foundation Inc:
Data Sources and Methodology
This transparency report for Scott 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.