Summit Rotary Foundation Inc
Summit Rotary Foundation Inc. consistently grows assets and operates with a surplus, reporting no officer compensation.
EIN: 202529234 · Greensboro, NC · NTEE: A12 · Updated: 2026-03-28
Is Summit Rotary Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Summit Rotary Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Summit Rotary Foundation Inc
Summit Rotary Foundation Inc (EIN: 202529234) is a nonprofit organization based in Greensboro, NC, classified under NTEE code A12. The organization reported total revenue of $204K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Summit Rotary Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Summit Rotary Foundation Inc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $221K |
| Total Expenses | $175K |
| Surplus / Deficit | +$46K |
| Total Assets | $1.0M |
| Total Liabilities | $46K |
| Net Assets | $955K |
| Operating Margin | 20.9% |
| Debt-to-Asset Ratio | 4.6% |
| Months of Reserves | 68.8 months |
Financial Health Grade: A
In 2023, Summit Rotary Foundation Inc reported a surplus of $46K with revenue exceeding expenses, holds 68.8 months of operating reserves (strong position), has a debt-to-asset ratio of 4.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Summit Rotary Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -15.2% | -5.1% | +11.5% |
| 2022 | +69.0% | +5.2% | +0.9% |
| 2021 | -12.4% | +70.4% | +18.3% |
| 2020 | +49.8% | +2.0% | +7.4% |
| 2019 | +38.8% | +1.2% | +6.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Summit Rotary Foundation Inc with a Mission Score of 88 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, Summit Rotary Foundation Inc 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $46K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, suggesting that the organization's leadership is likely volunteer-based, which is highly efficient for an organization of its size with over $1 million in assets.
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 Summit Rotary Foundation Inc's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data prevents precise efficiency calculation.
Strengths
The following positive indicators were identified for Summit Rotary Foundation Inc:
- Consistent asset growth, reaching over $1 million in 2023 from $428,145 in 2014.
- Regularly operates with a financial surplus (e.g., $221,001 revenue vs. $174,774 expenses in 2023).
- Reported 0% officer compensation, indicating highly efficient leadership costs.
- Strong financial stability with a healthy asset-to-liability ratio (e.g., $1,001,565 assets vs. $46,494 liabilities in 2023).
- Consistent IRS 990 filing history over 13 periods, demonstrating transparency.
Frequently Asked Questions about Summit Rotary Foundation Inc
Is Summit Rotary Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Summit Rotary Foundation Inc (EIN: 202529234) some concerns. Mission Score: 88/100. 1 red flag identified, 5 strengths noted.
How does Summit Rotary Foundation Inc spend its money?
Summit Rotary Foundation Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Summit Rotary Foundation Inc tax-deductible?
Summit Rotary Foundation Inc is registered as a tax-exempt nonprofit (EIN: 202529234). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Summit Rotary Foundation Inc a good charity?
Based on the available financial data, Summit Rotary Foundation Inc appears to be a well-managed charity. It consistently generates more revenue than expenses, leading to significant asset growth from $428,145 in 2014 to $1,001,565 in 2023. The reported 0% officer compensation is a strong indicator of efficient use of funds.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved over time. Its assets have more than doubled in the last decade, from $428,145 in 2014 to $1,001,565 in 2023. Revenue has also shown a general upward trend, with consistent surpluses contributing to this growth.
What is the trend in revenue and expenses?
Revenue has generally trended upwards, reaching $221,001 in 2023, with some fluctuations. Expenses have also increased but consistently remained below revenue in most years, allowing for consistent asset accumulation. For example, in 2023, revenue was $221,001 and expenses were $174,774.
Filing History
IRS 990 filing history for Summit Rotary Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Summit Rotary Foundation Inc's revenue has grown by 132.4%, moving from $95K to $221K. Total assets increased by 261% over the same period, from $277K to $1.0M. Total functional expenses rose by 276.3%, from $46K to $175K. In its most recent filing year (2023), Summit Rotary Foundation Inc reported a surplus of $46K, with revenue exceeding expenses. The organization holds $46K in liabilities against $1.0M in assets (debt-to-asset ratio: 4.6%), resulting in net assets of $955K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $221K | $175K | $1.0M | $46K | — | View 990 |
| 2022 | $261K | $184K | $898K | $29K | — | View 990 |
| 2021 | $154K | $175K | $890K | $9K | — | View 990 |
| 2020 | $176K | $103K | $752K | $4K | — | View 990 |
| 2019 | $118K | $101K | $701K | $12K | — | View 990 |
| 2018 | $85K | $100K | $656K | $9K | — | View 990 |
| 2017 | $116K | $85K | $628K | $2K | — | View 990 |
| 2016 | $174K | $151K | $554K | $1K | — | View 990 |
| 2015 | $208K | $85K | $536K | $0 | — | View 990 |
| 2014 | $76K | $73K | $428K | $0 | — | View 990 |
| 2013 | $202K | $96K | $392K | $0 | — | — |
| 2012 | $88K | $39K | $313K | $11 | — | View 990 |
| 2011 | $95K | $46K | $277K | $13K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $221K, expenses of $175K, and assets of $1.0M (revenue -15.2% year-over-year).
- 2022: Revenue of $261K, expenses of $184K, and assets of $898K (revenue +69.0% year-over-year).
- 2021: Revenue of $154K, expenses of $175K, and assets of $890K (revenue -12.4% year-over-year).
- 2020: Revenue of $176K, expenses of $103K, and assets of $752K (revenue +49.8% year-over-year).
- 2019: Revenue of $118K, expenses of $101K, and assets of $701K (revenue +38.8% year-over-year).
- 2018: Revenue of $85K, expenses of $100K, and assets of $656K (revenue -27.0% year-over-year).
- 2017: Revenue of $116K, expenses of $85K, and assets of $628K (revenue -33.2% year-over-year).
- 2016: Revenue of $174K, expenses of $151K, and assets of $554K (revenue -16.7% year-over-year).
- 2015: Revenue of $208K, expenses of $85K, and assets of $536K (revenue +174.7% year-over-year).
- 2014: Revenue of $76K, expenses of $73K, and assets of $428K (revenue -62.4% year-over-year).
- 2013: Revenue of $202K, expenses of $96K, and assets of $392K (revenue +129.6% year-over-year).
- 2012: Revenue of $88K, expenses of $39K, and assets of $313K (revenue -7.7% year-over-year).
- 2011: Revenue of $95K, expenses of $46K, and assets of $277K.
Data Sources and Methodology
This transparency report for Summit Rotary 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.