Shine Foundation

Shine Foundation shows volatile revenue but growing assets and zero reported officer compensation.

EIN: 205940421 · Zeeland, MI · NTEE: T22 · Updated: 2026-03-28

$1.2MRevenue

$5.4MAssets

85/100Mission Score (Excellent)

T22

About Shine Foundation

Shine Foundation (EIN: 205940421) is a nonprofit organization based in Zeeland, MI, classified under NTEE code T22. The organization reported total revenue of $1.2M and total assets of $5.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Shine Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Shine Foundation demonstrates a mixed financial picture with significant fluctuations in revenue and expenses over the past decade. While the organization reported a strong surplus in 2023 with revenues of $1,899,490 against expenses of $1,231,023, it experienced substantial deficits in prior years, such as in 2022 where expenses ($2,069,225) far exceeded revenue ($917,084). The organization consistently reports minimal liabilities ($0-$1), indicating a healthy balance sheet in terms of debt. The absence of reported officer compensation across all filings suggests a high degree of financial transparency regarding executive pay, or that executive functions are performed by unpaid volunteers or through other arrangements not captured as direct compensation.

Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent reporting of zero officer compensation is a positive indicator for minimizing overhead related to executive salaries. The organization's assets have grown significantly, from $3,725,767 in 2011 to $6,595,199 in 2023, suggesting effective asset management despite revenue volatility. The NTEE code T22 (Philanthropy, Voluntarism, and Grantmaking Foundations) suggests its primary activities may involve grantmaking, which typically has lower direct program delivery costs compared to direct service charities.

Overall, Shine Foundation appears to be financially stable with growing assets and a recent positive financial performance in 2023. Its transparency regarding executive compensation is excellent. However, the lack of detailed expense breakdowns beyond total expenses limits a comprehensive assessment of spending efficiency across program, administrative, and fundraising categories. The significant year-to-year swings in revenue and expenses warrant closer examination to understand the underlying operational and funding models.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Shine 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, Shine 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

Shine Foundation consistently reports 0% officer compensation across all available filings, indicating either that executive roles are unpaid or compensated through non-officer channels, which is a strong positive for minimizing overhead related to leadership 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.

Red Flags

The following concerns were identified during AI analysis of Shine Foundation's IRS 990 filings:

Significant year-over-year revenue and expense volatility, making financial planning and sustainability less predictable.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary data, hindering a full assessment of spending efficiency.

Strengths

The following positive indicators were identified for Shine Foundation:

Consistent reporting of zero officer compensation, indicating excellent transparency and efficiency in executive pay.
Significant growth in assets from $3.7 million in 2011 to $6.5 million in 2023, demonstrating strong financial stewardship.
Minimal liabilities ($0-$1 across all filings), indicating a very healthy balance sheet and low financial risk.
Positive financial performance in the latest reported period (2023) with revenue exceeding expenses by over $600,000.

Frequently Asked Questions about Shine Foundation

What caused the significant revenue fluctuations, such as the spike to $3.7 million in 2020 and the drop to $371,901 in 2021?

The provided data does not specify the reasons for these fluctuations, but they could be due to large one-time grants, investment gains/losses, or changes in fundraising strategies.

How does Shine Foundation manage to operate with zero reported officer compensation?

This could indicate that executive functions are performed by volunteers, board members without compensation, or through services provided by a related entity, which would be a highly efficient model for executive overhead.

What is the specific breakdown of program, administrative, and fundraising expenses?

The provided summary data only gives total expenses. A detailed 990 form would be needed to determine the exact percentages allocated to programs, administration, and fundraising.

Given the NTEE code T22 (Grantmaking), what types of organizations or causes does Shine Foundation primarily support?

The NTEE code suggests a focus on grantmaking. To understand specific beneficiaries, one would need to review the organization's full 990 forms or public statements.

Filing History

IRS 990 filing history for Shine Foundation showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Shine Foundation's revenue has grown by 610.7%, moving from $267K to $1.9M. Total assets increased by 77% over the same period, from $3.7M to $6.6M. Total functional expenses rose by 124.5%, from $548K to $1.2M. In its most recent filing year (2023), Shine Foundation reported a surplus of $668K, with revenue exceeding expenses. The organization holds $1 in liabilities against $6.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $6.6M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$1.9M	$1.2M	$6.6M	$1	—	—
2022	$917K	$2.1M	$5.9M	$1	—	View 990
2021	$372K	$1.0M	$7.1M	$1	—	—
2020	$3.7M	$638K	$7.7M	$1	—	—
2019	$911K	$592K	$4.6M	$1	—	View 990
2015	$962K	$440K	$4.1M	$1	—	View 990
2014	$811K	$485K	$3.6M	$1	—	View 990
2013	$384K	$443K	$3.3M	$1	—	View 990
2012	$193K	$587K	$3.3M	$0	—	View 990
2011	$267K	$548K	$3.7M	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $1.9M, expenses of $1.2M, and assets of $6.6M (revenue +107.1% year-over-year).
2022: Revenue of $917K, expenses of $2.1M, and assets of $5.9M (revenue +146.6% year-over-year).
2021: Revenue of $372K, expenses of $1.0M, and assets of $7.1M (revenue -90.0% year-over-year).
2020: Revenue of $3.7M, expenses of $638K, and assets of $7.7M (revenue +307.5% year-over-year).
2019: Revenue of $911K, expenses of $592K, and assets of $4.6M (revenue -5.3% year-over-year).
2015: Revenue of $962K, expenses of $440K, and assets of $4.1M (revenue +18.7% year-over-year).
2014: Revenue of $811K, expenses of $485K, and assets of $3.6M (revenue +111.2% year-over-year).
2013: Revenue of $384K, expenses of $443K, and assets of $3.3M (revenue +99.0% year-over-year).
2012: Revenue of $193K, expenses of $587K, and assets of $3.3M (revenue -27.8% year-over-year).
2011: Revenue of $267K, expenses of $548K, and assets of $3.7M.

Data Sources and Methodology

This transparency report for Shine 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.