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
| Metric | Value |
|---|---|
| Total Revenue | $516K |
| Total Expenses | $222K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $500,000. |
| Net Assets | $197K |
| Transparency Score | 60/100 |
Search Intent Cockpit
Somerled Charitable Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Somerled Charitable Foundation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Somerled Charitable Foundation in one place.
Form 990 Filing Summary
10 filing years are available, with latest revenue of $112K and expenses of $222K.
Revenue and Expenses
Somerled Charitable Foundation reported $112K in revenue and $222K in expenses, a deficit of $110K.
Executive Compensation
Top officer compensation appears as $500,000. in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
60/100 mission score, 5 red flags, and 3 strengths are shown from structured and AI review.
Is Somerled Charitable Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $178K (80%) |
Across stored filings, Somerled Charitable Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 5 red flags identified |
| Mission spend | 80% to programs | Excellent |
| Financial durability | Grade B | 10 stored filing years |
| Peer context | Compare with Joint Committee For Childrens Health Care In Everett | Massachusetts and Arts & Culture context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
Compare against real state and category peers.
Compare with Joint Committee For Childrens Health Care In Everett →All Massachusetts nonprofits
All Arts & Culture
Local and Sector Spokes
Move into this nonprofit's local market, category, and sector maps.
Duxbury, MA nonprofitsArts & Culture in Massachusetts
Arts & Culture in Massachusetts
Follow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
State spending analysisState compensation analysis
Arts & Culture spending
Best Arts & Culture charities in Massachusetts
Relevant rankings
Donation Decision Flow
From Trust Check to Better Alternatives
Alternative Shopping
Similar Nonprofits Donors Should Compare
Marthas Vineyard Community Television Inc
Vineyard Hvn, MA · $877K revenue · Score 95/100
Compare side-by-sideNorth American Marine Alliance Inc
Gloucester, MA · $2.7M revenue · Score 95/100
Compare side-by-sideSharing Foundation
Concord, MA · $1.2M revenue · Score 95/100
Compare side-by-sideGrowing Places Garden Project Inc
Leominster, MA · $2.1M revenue · Score 90/100
Compare side-by-sideBrowse the full Arts & Culture peer market in Massachusetts →
Next Best Actions
Keep the Investigation Moving
Somerled Charitable Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
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.
Organization Overview
Somerled Charitable Foundation is a small nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -6.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $112K |
| Total Expenses | $222K |
| Surplus / Deficit | $-109,835 |
| Total Assets | $195K |
| Net Assets | $197K |
| Operating Margin | -97.9% |
| Months of Reserves | 10.5 months |
Financial Health Grade: C
In 2023, Somerled Charitable Foundation reported a deficit of $110K with expenses exceeding revenue, holds 10.5 months of operating reserves (strong position).
Financial Trends
Over 10 years of filings (2011–2023), Somerled Charitable Foundation's revenue has declined at a compound annual growth rate (CAGR) of -6.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5963.5% | +43.6% | -36.1% |
| 2022 | -99.8% | -56.1% | -33.4% |
| 2021 | +95.2% | -60.1% | +51.0% |
| 2020 | +121.8% | +237.8% | -61.8% |
| 2019 | -28.6% | +15.4% | +329.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $110K, with expenses exceeding revenue.
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
Is Somerled Charitable Foundation a legitimate charity?
Somerled Charitable Foundation (EIN: 203771709) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 60/100. It has 10 years of IRS 990 filings on record. Total revenue: $516K. 5 red flags identified. 3 strengths noted. Financial health grade: B.
How does Somerled Charitable Foundation spend its money?
Somerled Charitable Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Somerled Charitable Foundation tax-deductible?
Somerled Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 203771709). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Somerled Charitable Foundation CEO make?
Somerled Charitable Foundation's highest-compensated officer earns $500,000. annually. The organization reported $516K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Somerled Charitable Foundation's spending goes to programs?
Somerled Charitable Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Somerled Charitable Foundation compare to similar nonprofits?
With a transparency score of 60/100 (Good), Somerled Charitable Foundation is above average for NTEE category A60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Somerled Charitable Foundation located?
Somerled Charitable Foundation is headquartered in Duxbury, Massachusetts and files with the IRS under EIN 203771709. It is classified under NTEE code A60.
How many years of IRS 990 filings does Somerled Charitable Foundation have?
Somerled Charitable Foundation has 10 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 $516K in total revenue.
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. % | |
|---|---|---|---|---|---|---|
| 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.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Somerled Charitable Foundation:
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.