Rotary Club of Downtown Wilmington Foundation
Nonprofit profile at a glance
- EIN
- 464448775
- IRS 990-EZ coverage
- 2015–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990-EZ 2024, Form 990-N 2014
- Location
- Wilmington, NC, USA
- Phone
- 2154359404
- Rating
- 46
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Community Service Clubs
Reported finances
- Revenue
- $97,079
- Expenses
- $68,141
- Assets
- $167,176
- Liabilities
- $2,589
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- Terry Smith (President)
People named in this filing
- Terry Smith (President)
- Larry Sackett (Treasurer)
- Susan Harrell (Secretary)
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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
See Schedule O
The Rotary Club of Downtown Wilmington Foundation is the charitable arm of the Wilmington Rotary Club, serving the Cape Fear region of North Carolina. The foundation directs disaster-relief grants to communities affected by wildfires and hurricanes, supports local food-insecurity programs such as NourishNC's weekend backpack project, provides scholarships for beginning teachers, and funds accessible athletic opportunities via the Miracle League. Its grantmaking relies on member service and district partnerships, with recent gifts including $5,000 to Los Angeles fire relief and $5,000 to western North Carolina flood recovery.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 100
- Sustainability: 68
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 29.8%; rating input score 81; 81st percentile among comparable filings
- Total-asset coverage ratio: 2.45; rating input score 70; 70th percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 27; 27th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -36% per year; rating input score 0; 11th percentile among comparable filings
- Revenue growth: 9.1% per year; rating input score 100; 80th percentile among comparable filings
- Asset growth: 10.4% per year; rating input score 100; 73rd percentile among comparable filings
Details
- What they do: 10 programs and campaigns described on the official site · 2 operating locations identified
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 8 of 9 current checks pass · 1 finding to review
- Schedules: 4 filed schedules
- Filing history: 6 filing years from 2015 to 2024
- Contacts: How to reach this organization
- Related organizations: Filed and resolved organization relationships.
- 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.
- High — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 27/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.