Scarlet and Gold Foundation
Nonprofit profile at a glance
- EIN
- 333657555
- IRS 990-EZ coverage
- 2025–2025
- Forms available
- Form 990-EZ 2025
- Location
- Goose Creek, SC, USA
- Phone
- 8437434621
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Philanthropy, Charity, Voluntarism Promotion
Reported finances
- Revenue
- $61,695
- Expenses
- $54,330
- Assets
- $7,365
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- Matthew M Kinsman (Executive Director)
People named in this filing
- Matthew M Kinsman (Executive Director)
- Caleb Andrew Burrell (Treasurer)
- Brian Lee Fancher (Deputy 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 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Scarlet and Gold Foundation is organized and operated exclusively for charitable and educational purposes. Its primary purpose is to support and enhance the Naval Reserve Officers Training Corps NROTC program at The Citadel by providing supplemental funding educational resources scholarships mentorship leadership development community engagement and morale welfare and recreation support. The Foundation exists to help develop midshipmen into future Navy and Marine Corps leaders while operating as an independent non-federal entity and without governmental status or official Department of Defense endorsement.
What it reported doing in 2025
The Foundation supported Marine Corps Ball-related and morale welfare and recreation activities for Citadel NROTC midshipmen Marine-option students affiliated service members families alumni and supporters. Activities included event support vendor coordination ticketing and administrative support stewardship of restricted funds and support for tradition-based activities that strengthen esprit de corps unit cohesion and connection to the naval service community. These activities advanced the Foundations mission of supporting future Navy and Marine Corps leaders through morale leadership and community-building programs.
Operating model
- Revenue model
- Earned-program. 75% 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 90
- Transparency & Controls: 100
- Sustainability: 41
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 85.4%; rating input score 85
- Program expense ratio: 97%; rating input score 97
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 11.9%; rating input score 63; 63rd percentile among comparable filings
- Total-asset coverage ratio: 0.14; rating input score 15; 15th 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: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 85.4% of revenue deployed · 97% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $53K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- 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.
- High — Sustainability: Total-asset coverage ratio scored 15/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.