Sullivans Island Park Foundation Inc
EIN: 570940741 · Sullivans Island, SC · NTEE: N32I
| Metric | Value |
|---|---|
| Total Revenue | $891 |
| Net Assets | $35K |
Is Sullivans Island Park Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Sullivans Island Park Foundation Inc
Sullivans Island Park Foundation Inc (EIN: 570940741) is a nonprofit organization based in Sullivans Island, SC, classified under NTEE code N32I. The organization reported total revenue of $891 and total assets of $35K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sullivans Island Park Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sullivans Island Park Foundation Inc is a micro nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -27.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $891 |
| Total Expenses | $0 |
| Surplus / Deficit | +$891 |
| Total Assets | $35K |
| Net Assets | $35K |
| Operating Margin | 100.0% |
Financial Health Grade: A
In 2023, Sullivans Island Park Foundation Inc reported a surplus of $891 with revenue exceeding expenses.
Financial Trends
Over 13 years of filings (2011–2023), Sullivans Island Park Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -27.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -40.7% | — | +2.6% |
| 2022 | +150100.0% | — | +4.6% |
| 2021 | -80.0% | -100.0% | +0.0% |
| 2020 | -58.3% | -97.5% | -0.4% |
| 2019 | -20.0% | -54.4% | -46.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Sullivans Island Park Foundation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Sullivans Island Park Foundation Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
Frequently Asked Questions about Sullivans Island Park Foundation Inc
Is Sullivans Island Park Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Sullivans Island Park Foundation Inc (EIN: 570940741) insufficient data. 0 red flags identified, 0 strengths noted.
How does Sullivans Island Park Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Sullivans Island Park Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Sullivans Island Park Foundation Inc tax-deductible?
Sullivans Island Park Foundation Inc is registered as a tax-exempt nonprofit (EIN: 570940741). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Sullivans Island Park Foundation Inc located?
Sullivans Island Park Foundation Inc is headquartered in Sullivans Island, South Carolina and files with the IRS under EIN 570940741. It is classified under NTEE code N32I.
How many years of IRS 990 filings does Sullivans Island Park Foundation Inc have?
Sullivans Island Park Foundation Inc has 13 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 $891 in total revenue.
Filing History
IRS 990 filing history for Sullivans Island Park Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Sullivans Island Park Foundation Inc's revenue has declined by 97.9%, moving from $41K to $891. Total assets decreased by 32.2% over the same period, from $52K to $35K. Total functional expenses fell by 100%, from $25K to $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $891 | $0 | $35K | $0 | — | — |
| 2022 | $2K | $0 | $34K | $0 | — | — |
| 2021 | $1 | $0 | $33K | $0 | — | View 990 |
| 2020 | $5 | $331 | $33K | $0 | — | View 990 |
| 2019 | $12 | $13K | $33K | $0 | — | View 990 |
| 2018 | $15 | $29K | $62K | $0 | — | View 990 |
| 2017 | $14 | $44K | $90K | $0 | — | View 990 |
| 2016 | $1K | $6K | $134K | $0 | — | View 990 |
| 2015 | $42K | $42K | $139K | $0 | — | View 990 |
| 2014 | $42K | $4K | $139K | $0 | — | View 990 |
| 2013 | $57K | $58K | $101K | $0 | — | View 990 |
| 2012 | $70K | $18K | $103K | $0 | — | View 990 |
| 2011 | $41K | $25K | $52K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $891, expenses of $0, and assets of $35K (revenue -40.7% year-over-year).
- 2022: Revenue of $2K, expenses of $0, and assets of $34K (revenue +150100.0% year-over-year).
- 2021: Revenue of $1, expenses of $0, and assets of $33K (revenue -80.0% year-over-year).
- 2020: Revenue of $5, expenses of $331, and assets of $33K (revenue -58.3% year-over-year).
- 2019: Revenue of $12, expenses of $13K, and assets of $33K (revenue -20.0% year-over-year).
- 2018: Revenue of $15, expenses of $29K, and assets of $62K (revenue +7.1% year-over-year).
- 2017: Revenue of $14, expenses of $44K, and assets of $90K (revenue -98.6% year-over-year).
- 2016: Revenue of $1K, expenses of $6K, and assets of $134K (revenue -97.6% year-over-year).
- 2015: Revenue of $42K, expenses of $42K, and assets of $139K (revenue +0.3% year-over-year).
- 2014: Revenue of $42K, expenses of $4K, and assets of $139K (revenue -26.4% year-over-year).
- 2013: Revenue of $57K, expenses of $58K, and assets of $101K (revenue -18.8% year-over-year).
- 2012: Revenue of $70K, expenses of $18K, and assets of $103K (revenue +67.9% year-over-year).
- 2011: Revenue of $41K, expenses of $25K, and assets of $52K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sullivans Island Park Foundation Inc:
Data Sources and Methodology
This transparency report for Sullivans Island Park Foundation Inc 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.