Rotary Club of Homosassa Springs Charitable Foundation Inc
Nonprofit profile at a glance
- EIN
- 452428786
- IRS 990-EZ coverage
- 2011–2024
- Forms available
- Form 990-EZ 2024
- Location
- Homosassa, FL, USA
- Phone
- 3522122324
- Rating
- 68
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $57,840
- Expenses
- $78,487
- Assets
- $411,991
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
People named in this filing
- IVAN JONES (TREASURER)
- MARYBETH NAYFIELD (DIRECTOR)
- TOM FEENEY (PRES.)
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
The rotary club of homosassa springs charitable foundation, inc (foundation) was formed to be the entity to raise funds to be given to individuals and organizations by way of scholarships locally for scholastic achievement, support for scholastic programs, and service projects to support the community. The members of the foundation must be members of the rotary club of homosassa springs, inc (club), a Florida not for profit corporation chartered by rotary international as one of six rotary clubs in citrus county, Florida, however foundation directors are elected separately from club directors. The foundation is a new entity so it has no past activities. It plans activities in citrus county to be conducted by foundation members to raise money if it is recognized as a 501 (c) (3) organization. Proposed activities include hosting cooking competitions highlighting local menu items, and other fund raising projects, where the foundation would get local businesses and individuals to sponsor t
What it reported doing in 2024
The rotary club of homosassa springs charitable foundation, inc (foundation) was formed to be the entity to raise funds to be given to individuals and organizations by way of scholarships locally for scholastic achievement, support for scholastic programs, and service projects to support the community. The members of the foundation must be members of the rotary club of homosassa springs, inc (club), a Florida not for profit corporation chartered by rotary international as one of six rotary clubs in citrus county, Florida, however foundation directors are elected separately from club directors.
Operating model
- Revenue model
- Earned-program. 85% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of total spending goes to programs and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 57
- Transparency & Controls: 82
- Sustainability: 39
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 60.1%; rating input score 60
- Program expense ratio: 52.4%; rating input score 52
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -35.7%; rating input score 16; 16th percentile among comparable filings
- Total-asset coverage ratio: 5.25; rating input score 85; 85th 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: 6.1% per year; rating input score 100; 65th percentile among comparable filings
- Revenue growth: 1.6% per year; rating input score 100; 58th percentile among comparable filings
- Asset growth: 8% per year; rating input score 100; 67th percentile among comparable filings
Details
- Where the money goes: 60.1% of revenue deployed · 52.4% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $41K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 13 filing years from 2011 to 2024
- 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.
- Review — Financial Efficiency: Program expense ratio scored 52/100.
- High — Sustainability: Operating margin scored 16/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.