Somerled Charitable Foundation

Somerled Charitable Foundation shows highly volatile financial performance with frequent deficits and fluctuating assets.

EIN: 203771709 · Duxbury, MA · NTEE: A60 · Updated: 2026-03-28

$516KRevenue

$211KAssets

60/100Mission Score (Good)

A60

About Somerled Charitable Foundation

Somerled Charitable Foundation (EIN: 203771709) is a nonprofit organization based in Duxbury, MA, classified under NTEE code A60. The organization reported total revenue of $516K and total assets of $211K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Somerled Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Somerled Charitable Foundation exhibits inconsistent financial performance over the past decade. While the organization reported $515,677 in latest revenue and $211,330 in assets, its financial health shows significant fluctuations. For instance, in 2023, expenses ($222,009) significantly outstripped revenue ($112,174), leading to a deficit. This trend of expenses exceeding revenue is also visible in 2022 ($154,558 expenses vs. $1,850 revenue) and 2020 ($881,290 expenses vs. $631,403 revenue). Conversely, 2021 saw a substantial surplus with $1,232,366 in revenue against $351,700 in expenses.

The foundation's spending efficiency is difficult to fully assess without detailed functional expense breakdowns, which are not provided in the summary data. However, the consistent reporting of 0% officer compensation across all filings suggests a lean operational structure regarding executive pay. The organization's assets have also varied widely, from a low of $6,285 in 2013 to a high of $794,946 in 2019, indicating a lack of stable asset growth. The negative liabilities reported in recent years (e.g., $-1,832 in 2023) are unusual and could indicate accounting adjustments or specific financial instruments, warranting further investigation for full transparency.

Overall, the Somerled Charitable Foundation appears to operate with a high degree of volunteer or unpaid leadership, given the zero officer compensation. However, the erratic revenue and expense patterns, coupled with fluctuating asset bases and unusual liability reporting, suggest potential challenges in financial planning and stability. A deeper dive into their program activities and detailed expense allocations would be necessary to fully evaluate their spending efficiency and impact.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Somerled Charitable Foundation with a Mission Score of 60 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: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, Somerled Charitable Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly unusual for an organization with revenues exceeding $500,000.

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 Somerled Charitable Foundation's IRS 990 filings:

Highly volatile revenue and expense patterns, indicating financial instability (e.g., $1.2M revenue in 2021 vs. $1.8K in 2022).
Frequent periods where expenses significantly exceed revenue (e.g., 2023: $222,009 expenses vs. $112,174 revenue).
Unusual reporting of negative liabilities in recent years (e.g., $-1,832 in 2023).
Lack of detailed functional expense breakdown to verify program spending efficiency.
Significant fluctuations in asset base over time, suggesting inconsistent financial management or investment strategies.

Strengths

The following positive indicators were identified for Somerled Charitable Foundation:

Consistent reporting of 0% officer compensation, suggesting a highly volunteer-driven or lean executive structure.
Ability to generate substantial revenue in certain years (e.g., $1,232,366 in 2021).
Maintained positive assets throughout most of its filing history, indicating some financial reserves.

Frequently Asked Questions about Somerled Charitable Foundation

Why does Somerled Charitable Foundation consistently report 0% officer compensation?

The consistent reporting of 0% officer compensation across all filings suggests that the organization's leadership may be entirely volunteer-based or compensated through means not categorized as officer compensation on the 990 form. This is unusual for an organization of its size and revenue fluctuations.

What caused the significant revenue and expense fluctuations, such as the $1.2 million revenue in 2021 compared to $1,850 in 2022?

The dramatic swings in revenue and expenses, like the $1,232,366 revenue in 2021 followed by only $1,850 in 2022, indicate a highly inconsistent funding model, possibly reliant on large, infrequent grants or donations, or significant changes in operational scope.

What do the negative liabilities reported in recent years signify?

The reporting of negative liabilities (e.g., $-1,832 in 2023 and $-3,866 in 2022) is an unusual accounting entry on a 990 form and could indicate specific financial adjustments, reclassifications, or potentially an error. It warrants further clarification from the organization's financial statements.

How does the organization manage to cover expenses when revenue is significantly lower, as seen in 2023 ($112,174 revenue vs. $222,009 expenses)?

When expenses significantly exceed revenue, as in 2023, the organization likely draws from its accumulated assets or reserves to cover the deficit. This is unsustainable long-term without a corresponding increase in revenue or reduction in expenses.

What are the specific programs and activities funded by the Somerled Charitable Foundation?

The provided data does not detail the specific programs or activities of the Somerled Charitable Foundation. Given its NTEE code A60 (Arts, Culture, and Humanities - General), it likely supports a broad range of initiatives within this sector, but specifics are not available from the summary.

Filing History

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

Over 10 years of IRS 990 filings (2011–2023), Somerled Charitable Foundation's revenue has declined by 56.8%, moving from $260K to $112K. Total assets increased by 198.8% over the same period, from $65K to $195K. Total functional expenses fell by 15.6%, from $263K to $222K. In its most recent filing year (2023), Somerled Charitable Foundation reported a deficit of $110K, with expenses exceeding revenue.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$112K	$222K	$195K	$-1,832	—	View 990
2022	$2K	$155K	$305K	$-3,866	—	View 990
2021	$1.2M	$352K	$458K	$-3,717	—	View 990
2020	$631K	$881K	$303K	$1K	—	View 990
2019	$285K	$261K	$795K	$1K	—	—
2015	$399K	$226K	$185K	$1	—	View 990
2014	$93K	$88K	$11K	$1	—	View 990
2013	$122K	$157K	$6K	$0	—	View 990
2012	$865K	$840K	$41K	$0	—	View 990
2011	$260K	$263K	$65K	$50K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $112K, expenses of $222K, and assets of $195K (revenue +5963.5% year-over-year).
2022: Revenue of $2K, expenses of $155K, and assets of $305K (revenue -99.8% year-over-year).
2021: Revenue of $1.2M, expenses of $352K, and assets of $458K (revenue +95.2% year-over-year).
2020: Revenue of $631K, expenses of $881K, and assets of $303K (revenue +121.8% year-over-year).
2019: Revenue of $285K, expenses of $261K, and assets of $795K (revenue -28.6% year-over-year).
2015: Revenue of $399K, expenses of $226K, and assets of $185K (revenue +327.3% year-over-year).
2014: Revenue of $93K, expenses of $88K, and assets of $11K (revenue -23.8% year-over-year).
2013: Revenue of $122K, expenses of $157K, and assets of $6K (revenue -85.8% year-over-year).
2012: Revenue of $865K, expenses of $840K, and assets of $41K (revenue +232.9% year-over-year).
2011: Revenue of $260K, expenses of $263K, and assets of $65K.

Data Sources and Methodology

This transparency report for Somerled Charitable 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.