Sequoyah Elementary Foundation
Sequoyah Elementary Foundation consistently operates with volunteer leadership and stable assets, occasionally incurring deficits covered by reserves.
EIN: 204330327 · Knoxville, TN · NTEE: B112 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $187K |
| Total Expenses | $149K |
| Program Spending | 90% |
| Net Assets | $222K |
| Transparency Score | 92/100 |
Is Sequoyah Elementary Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sequoyah Elementary Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sequoyah Elementary Foundation
Sequoyah Elementary Foundation (EIN: 204330327) is a nonprofit organization based in Knoxville, TN, classified under NTEE code B112. The organization reported total revenue of $187K and total assets of $229K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sequoyah Elementary Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sequoyah Elementary Foundation is a small nonprofit that has been operating for 20 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -2.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $113K |
| Total Expenses | $149K |
| Surplus / Deficit | $-35,991 |
| Total Assets | $222K |
| Net Assets | $222K |
| Operating Margin | -31.8% |
| Months of Reserves | 17.9 months |
Financial Health Grade: B
In 2023, Sequoyah Elementary Foundation reported a deficit of $36K with expenses exceeding revenue, holds 17.9 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2012–2023), Sequoyah Elementary Foundation's revenue has declined at a compound annual growth rate (CAGR) of -2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.5% | +55.7% | -13.9% |
| 2022 | -6.4% | -17.4% | +9.0% |
| 2021 | +0.8% | -12.4% | +4.1% |
| 2020 | +36.6% | +17.3% | -3.5% |
| 2019 | -40.7% | -0.5% | -8.5% |
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 Sequoyah Elementary Foundation with a Mission Score of 92 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, Sequoyah Elementary 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 deficit of $36K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all filings, indicating that its leadership is entirely volunteer-based. This is highly commendable for a nonprofit of its size, as it ensures that all revenue can be directed towards its programmatic mission rather than executive salaries.
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 Sequoyah Elementary Foundation:
- Consistent 0% officer compensation, indicating volunteer leadership and high efficiency.
- Zero liabilities reported across all filings, demonstrating strong financial health and no debt.
- Stable asset base (consistently above $200,000) providing financial resilience.
- Consistent filing of IRS Form 990s over 12 periods, indicating strong transparency and compliance.
- High program spending ratio due to minimal administrative overhead from salaries.
Frequently Asked Questions about Sequoyah Elementary Foundation
Is Sequoyah Elementary Foundation a legitimate charity?
Sequoyah Elementary Foundation (EIN: 204330327) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 92/100. It has 12 years of IRS 990 filings on record. Total revenue: $187K. No red flags identified. 5 strengths noted. Financial health grade: B.
How does Sequoyah Elementary Foundation spend its money?
Sequoyah Elementary Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Sequoyah Elementary Foundation tax-deductible?
Sequoyah Elementary Foundation is registered as a tax-exempt nonprofit (EIN: 204330327). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Sequoyah Elementary Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Sequoyah Elementary Foundation is above average for NTEE category B112 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Sequoyah Elementary Foundation located?
Sequoyah Elementary Foundation is headquartered in Knoxville, Tennessee and files with the IRS under EIN 204330327. It is classified under NTEE code B112.
How many years of IRS 990 filings does Sequoyah Elementary Foundation have?
Sequoyah Elementary Foundation has 12 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 $187K in total revenue.
Is Sequoyah Elementary Foundation a good charity?
Based on the available data, the Sequoyah Elementary Foundation appears to be a very good charity. It operates with 0% officer compensation, indicating volunteer leadership, and maintains a healthy asset base with no liabilities. This suggests strong financial stewardship and a high dedication of funds to its mission.
How does the foundation manage its expenses when they exceed revenue?
In periods where expenses exceed revenue, such as 202305 ($149,122 expenses vs. $113,131 revenue), the foundation appears to draw from its accumulated assets. Despite these deficits, assets have remained robust, indicating a strategic use of reserves to cover operational needs without incurring debt.
What is the primary source of the foundation's financial efficiency?
The primary source of the foundation's financial efficiency is its volunteer leadership, as evidenced by the consistent reporting of 0% officer compensation. This eliminates a significant administrative cost that many nonprofits incur, allowing a greater proportion of funds to be allocated to programs.
Are there any concerns about the foundation's long-term financial stability?
While there are occasional periods where expenses exceed revenue, the foundation's consistent asset base (e.g., $222,351 in 202305) and zero liabilities suggest strong long-term financial stability. These assets provide a buffer against operational fluctuations.
How transparent is the Sequoyah Elementary Foundation?
The foundation demonstrates a high level of transparency through its consistent and timely filing of IRS Form 990s over 12 periods. The detailed financial disclosures, including 0% officer compensation, allow for clear public oversight of its financial health and operations.
Filing History
IRS 990 filing history for Sequoyah Elementary Foundation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Sequoyah Elementary Foundation's revenue has declined by 19.9%, moving from $141K to $113K. Total assets increased by 14.3% over the same period, from $194K to $222K. Total functional expenses rose by 106.5%, from $72K to $149K. In its most recent filing year (2023), Sequoyah Elementary Foundation reported a deficit of $36K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $113K | $149K | $222K | $0 | — | View 990 |
| 2022 | $117K | $96K | $258K | $0 | — | View 990 |
| 2021 | $125K | $116K | $237K | $0 | — | — |
| 2020 | $124K | $132K | $228K | $0 | — | — |
| 2019 | $91K | $113K | $236K | $0 | — | View 990 |
| 2018 | $153K | $113K | $258K | $0 | — | View 990 |
| 2017 | $118K | $131K | $218K | $0 | — | View 990 |
| 2016 | $134K | $137K | $231K | $0 | — | View 990 |
| 2015 | $120K | $122K | $234K | $0 | — | View 990 |
| 2014 | $112K | $127K | $236K | $0 | — | View 990 |
| 2013 | $143K | $86K | $251K | $0 | — | View 990 |
| 2012 | $141K | $72K | $194K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $113K, expenses of $149K, and assets of $222K (revenue -3.5% year-over-year).
- 2022: Revenue of $117K, expenses of $96K, and assets of $258K (revenue -6.4% year-over-year).
- 2021: Revenue of $125K, expenses of $116K, and assets of $237K (revenue +0.8% year-over-year).
- 2020: Revenue of $124K, expenses of $132K, and assets of $228K (revenue +36.6% year-over-year).
- 2019: Revenue of $91K, expenses of $113K, and assets of $236K (revenue -40.7% year-over-year).
- 2018: Revenue of $153K, expenses of $113K, and assets of $258K (revenue +29.8% year-over-year).
- 2017: Revenue of $118K, expenses of $131K, and assets of $218K (revenue -12.2% year-over-year).
- 2016: Revenue of $134K, expenses of $137K, and assets of $231K (revenue +11.9% year-over-year).
- 2015: Revenue of $120K, expenses of $122K, and assets of $234K (revenue +7.5% year-over-year).
- 2014: Revenue of $112K, expenses of $127K, and assets of $236K (revenue -22.0% year-over-year).
- 2013: Revenue of $143K, expenses of $86K, and assets of $251K (revenue +1.3% year-over-year).
- 2012: Revenue of $141K, expenses of $72K, and assets of $194K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sequoyah Elementary Foundation:
Data Sources and Methodology
This transparency report for Sequoyah Elementary 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.