Sebastian Exchange Club Foundation Inc
Nonprofit profile at a glance
- EIN
- 651063435
- IRS 990-EZ coverage
- 2010–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2007
- Location
- Sebastian, FL, USA
- Phone
- 4073252296
- Rating
- 40
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $99,865
- Expenses
- $106,758
- Assets
- $224,853
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- Johnathan Rhodeback (President)
People named in this filing
- Kathy Burns (Treasurer)
- Ronald Smith (Secretary)
- Johnathan Rhodeback (President)
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 Sebastian Exchange Club Foundation (The Foundation)was founded in 2000 to further the education of deserving graduates of Sebastian River High School. The High School guidance department makes our scholarship application available to all senior students. We require a tax return or other proof of income to accompany the application. The Foundation forms a small committee of at least four concerned local individuals who independently review all of the applications and then meet to decide which applicants are most deserving. The committee looks for hard working students with good grades who truly need financial assistance. We do not discriminate based on race, color, creed or gender. The scholarship can be used to attend any four-year college or university or junior or community college or trade school for a post high school education leading to a degree, trade or profession.
What it reported doing in 2024
The Foundation recognized outstanding students from our local middle schools and our high school through our student of the month program. We invite 2 students from each school together with school administrators and 2 family members to a luncheon where each student's achievments are read aloud. The most deserving students receive college scholarships.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- 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 program spending has grown recently. 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: 1
- Transparency & Controls: 82
- Sustainability: 42
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0.7%; rating input score 1
- Program expense ratio: 0.7%; rating input score 1
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -6.9%; rating input score 34; 34th percentile among comparable filings
- Total-asset coverage ratio: 2.11; rating input score 66; 66th 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: 18.4% per year; rating input score 100; 81st percentile among comparable filings
- Revenue growth: 6.3% per year; rating input score 100; 75th percentile among comparable filings
- Asset growth: 2.4% per year; rating input score 100; 48th percentile among comparable filings
Details
- Where the money goes: 0.7% of revenue deployed · 0.7% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 4 filed program accomplishments · $740 in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 6 of 7 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Filing history: 15 filing years from 2010 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.
- High — Financial Efficiency: Mission deployment rate scored 1/100.
- High — Financial Efficiency: Program expense ratio scored 1/100.
- Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
- Moderate — Sustainability: Operating margin scored 34/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.