Cape Henry Rotary Foundation

Nonprofit profile at a glance

EIN: 465515643
IRS 990-EZ coverage: 2014–2019
Forms available: Form 990-EZ 2019
Location: Virginia Beach, VA, USA
Phone: 7574120202
Rating: 86
Verdict: STRONG
Rating confidence: Moderate
Sector: Philanthropy, Voluntarism, and Grantmaking Foundations N.E.C.

Reported finances

Revenue: $43,233
Expenses: $46,709
Assets: $62,629

Source: IRS Form 990-EZ. Selected filing: tax year 2019. Amounts in USD.

Leadership & pay

5 people listed

People named in this filing

LORI ABSHER (CHAIR)
CHERYL MORREIM (TREASURER)
HANK KELLAM (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2019. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The foundation serves the Virginia beach and tidewater area in efforts to eradicate polio and similar endeauvors by exercising charitable giving to other 501(c)3 organizations and educational institiutions for the benefit of a student.

What it reported doing in 2019

Charitable giving to other 501(c)3 organizations and educational institiutions for the benefit of students.

Operating model

Revenue model: Other-operating. 100% of the money available for current operations came from other operating revenue.
Distribution model: Grant intermediary. The nonprofit sent 87% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

Financial Efficiency: 100
Transparency & Controls: 82
Sustainability: 38
Growth: 20

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 100%; rating input score 100
Program expense ratio: 100%; rating input score 100

Transparency & Controls

Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
Major donor itemization: Limited

Sustainability

Operating margin: -8%; rating input score 33; 33rd percentile among comparable filings
Total-asset coverage ratio: 1.34; rating input score 53; 53rd percentile among comparable filings
Liabilities to assets ratio: Limited
Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

Program expense growth: -0.9% per year; rating input score 0; 50th percentile among comparable filings
Revenue growth: -1.2% per year; rating input score 0; 51st percentile among comparable filings
Asset growth: 35.8% per year; rating input score 100; 93rd percentile among comparable filings

Details

Where the money goes: 100% of revenue deployed · 100% of spending went to programs
Governance: Filed governance answers
Accomplishments: 1 filed program accomplishment · $47K in reported program spending
Leadership: top reported pay $0 · 5 people listed
Consistency: 8 of 8 current checks pass
Schedules: 3 filed schedules
Filing history: 6 filing years from 2014 to 2019
Contacts: How to reach this organization
Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

High — Growth: Program expense growth scored 0/100.
High — Growth: Revenue growth scored 0/100.
Moderate — Sustainability: Operating margin scored 33/100.
Review — Sustainability: Total-asset coverage ratio scored 53/100.
Review — Sustainability: Officer compensation ratio scored 56/100.
High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.