Wadesboro Rotary Club Charitable Foundation Inc

Nonprofit profile at a glance

EIN
020543191
IRS 990-EZ coverage
2021–2024
Forms available
Form 990-EZ 2024
Location
Wadesboro, NC, USA
Phone
7046949952
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$83,254
Expenses
$42,743
Assets
$297,085

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

7 people listed

People named in this filing

  • STEVE WALLACE (CHAIR)
  • FRED SPARGER (VICE CHAIR)
  • ASHLEY SCARBOROUGH (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

Support of a science & technology center provide youth gun safety & skill education

What it reported doing in 2024

Establishment and support of a science and technology center

Operating model

Revenue model
Donor-supported. 92% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 96% of its reported program spending out as grants.

The verdict

SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 73
  • Transparency & Controls: 82
  • Sustainability: 75
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 56.8%; rating input score 57
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 48.7%; rating input score 90; 90th percentile among comparable filings
  • Total-asset coverage ratio: 6.95; rating input score 88; 88th 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: 1.2% per year; rating input score 100; 52nd percentile among comparable filings
  • Revenue growth: 10.1% per year; rating input score 100; 81st percentile among comparable filings
  • Asset growth: 12.1% per year; rating input score 100; 76th percentile among comparable filings

Details

  • Where the money goes: 56.8% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $43K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 4 filing years from 2021 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: Mission deployment rate scored 57/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.