Shorefront
Shorefront experiences significant asset growth and revenue surge, alongside a notable increase in liabilities.
EIN: 10550386 · Evanston, IL · NTEE: A23 · Updated: 2026-03-28
Is Shorefront Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Shorefront directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Shorefront
Shorefront (EIN: 10550386) is a nonprofit organization based in Evanston, IL, classified under NTEE code A23. The organization reported total revenue of $925K and total assets of $906K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Shorefront'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 Shorefront 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: 80%
- fundraising: 10%
According to IRS 990 filings, Shorefront allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no officers or key employees received compensation, which is highly efficient for an organization of its size.
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 Shorefront's IRS 990 filings:
- Significant increase in liabilities to $314,505 in 202212 after reporting $0 in prior periods.
- Deficit spending in the 202212 period (Expenses $89,195 > Revenue $67,777).
- Large discrepancy between the latest reported revenue ($925,116) and the revenue in the most recent detailed filing (202212: $67,777), suggesting potential volatility or a major one-time event.
Strengths
The following positive indicators were identified for Shorefront:
- Consistent 0% officer compensation, indicating efficient use of funds at the executive level.
- Substantial growth in assets from $20,197 in 2011 to $905,964 currently, demonstrating financial stability and growth.
- Significant increase in overall revenue to $925,116, indicating strong fundraising capacity or donor support.
Frequently Asked Questions about Shorefront
Is Shorefront a legitimate charity?
Based on AI analysis of IRS 990 filings, Shorefront (EIN: 10550386) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Shorefront spend its money?
Shorefront directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Shorefront tax-deductible?
Shorefront is registered as a tax-exempt nonprofit (EIN: 10550386). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the significant increase in liabilities to $314,505 in the 202212 period, compared to $0 in previous periods?
The IRS 990 data indicates a substantial jump in liabilities, which could be due to various factors such as new debt, deferred revenue, or accounts payable. Further detailed financial statements would be needed to pinpoint the exact cause.
How does Shorefront plan to sustain its operations given the deficit of $21,418 (Expenses $89,195 - Revenue $67,777) reported in the 202212 period?
While the 202212 period showed a deficit, the latest reported revenue of $925,116 suggests a significant influx of funds since that filing. The organization likely relies on varied funding streams, and the deficit in one period may be offset by gains in others or through reserves.
What specific programs or initiatives contributed to the latest reported revenue of $925,116, a substantial increase from previous years?
The provided data does not detail the sources of the latest revenue. This significant increase could be attributed to major grants, successful fundraising campaigns, or large individual donations, which would ideally be detailed in more comprehensive financial reports.
Filing History
IRS 990 filing history for Shorefront showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2011–2022), Shorefront's revenue has grown by 195.8%, moving from $23K to $68K. Total assets increased by 1351.1% over the same period, from $20K to $293K. Total functional expenses rose by 161.3%, from $34K to $89K. In its most recent filing year (2022), Shorefront reported a deficit of $21K, with expenses exceeding revenue. The organization holds $315K in liabilities against $293K in assets (debt-to-asset ratio: 107.3%), resulting in net assets of $-21,418.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2022 | $68K | $89K | $293K | $315K | — | View 990 |
| 2020 | $158K | $34K | $211K | $0 | — | — |
| 2012 | $27K | $24K | $22K | $0 | — | View 990 |
| 2011 | $23K | $34K | $20K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $68K, expenses of $89K, and assets of $293K (revenue -57.1% year-over-year).
- 2020: Revenue of $158K, expenses of $34K, and assets of $211K (revenue +490.8% year-over-year).
- 2012: Revenue of $27K, expenses of $24K, and assets of $22K (revenue +16.8% year-over-year).
- 2011: Revenue of $23K, expenses of $34K, and assets of $20K.
Data Sources and Methodology
This transparency report for Shorefront 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.