JOHN SCARLETT MEMORIAL FOUNDATION INC

EIN: 562170687 501(c)(3) Philanthropy & Grantmaking

Brevard, NC

Total Revenue
$394,841
Total Expenses
$328,181
Total Assets
$485,405
Net Assets
$485,405
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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
NC
Principal Officer
Michael Dexter-Smith
Phone
5083950224
Tax Period
2024-07-01 to 2025-06-30

JOHN SCARLETT MEMORIAL FOUNDATION INC, founded in 1999, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $395K in total revenue in fiscal year 2024. Revenue surged 716% from the prior year, signaling strong growth momentum. The organization ran a surplus of $67K, a strong 17% operating margin.

Mission

The Foundation is part of the Rotary organization. We are a community IMPACT club working in the local schools, assisting with crisis issues like Covid and Hurricane Helene impacts together with simple tasks like collecting trash and adopting areas in the town - we do not pay anyone as we are all volunteers. Our costs are low and we hope our IMPACT is large. We have expanded into larger more impactful projects over the last few years. This year we were fortunate to raise enough money to purchase a property to add a Youth Hub into a local Appalachian town called Rosman. The property cost us $227,000 and the renovations to add in all the ADA compliance cost us a further $105,000. The renovations are now complete and we have begun operating. Our work on Helene relief has been significant. We feel we can turn our attention to any issue in the community and make a difference.

Program Service Accomplishments

Program 1
Expenses: $248,354 Revenue: $316,285

The TenTwentySix Youth Hub was completed in 2026 - in 2025 we had just purchased the property and needed to completely renovate it. The values shown below are part way through the renovation. The...

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The TenTwentySix Youth Hub was completed in 2026 - in 2025 we had just purchased the property and needed to completely renovate it. The values shown below are part way through the renovation. The property cost us $227, 000 and at this time we had used around 20% of the renovation budget at $21,355, as we got the plans approved and got underway. When an idea is bold enough, it often attracts doubt. Some said, it can't be done. Even Hurricane Helene seemed determined to stand in the way. But the Rotary Club of Brevard chose to believe otherwise-and act on it. Today, $350,000 later, that belief has taken shape as the TenTwentySix Youth Hub, a vibrant new space dedicated to the young people of Transylvania County, and especially Rosman. What began as a conversation around a table is now a living, breathing hub of connection, mentorship, creativity, and hope. Now officially open, the Ten Twenty Six Youth Hub welcomes youth ages 14-18 into a space designed just for them-safe, encouraging, and full of possibility. Located just a five-minute walk from Rosman High School, it offers something many young people don't have: a true third space in their lives seperate from home and school. A place where they can simply be. Inside, youth will find far more than four walls. The Hub provides meals, showers, laundry facilities, and internet access-meeting real, everyday needs with dignity. It also offers spaces to relax and recharge, including a big-screen TV, quiet areas, and comfortable seating. For those seeking activity, there's soccer, lacrosse, basketball, and table tennis. For those looking to grow-literally-raised beds invite youth to cultivate their own food. Add in music, access to health resources, and a welcoming community, and the result is a place where young people can thrive. And at its core, the Hub begins with literacy-not as a requirement, but as an invitation. Homework help is available. Reading support is offered. But there is zero pressure. This is not school part two. It's a place to chill, connect, and be part of something positive after school. The Hub is also built on shared responsibility and community involvement. Youth members commit to two hours of weekly chores, fostering ownership and pride. Volunteers-whether parents, mentors, or neighbors-are essential to its success. If you have two hours a week, a listening ear, a practical skill, or simply a steady presence, there is a place for you here. Background checks and waivers ensure a safe environment, while flexible opportunities make it easy to get involved. This is more than a building. It is a promise kept. The Rotary Club of Brevard has sent a clear message to its youth: you matter, and we are not done investing in you. And this investment will not end here. The Ten Twenty Six Youth Hub is only the beginning. We did not build this for applause. We built it for impact. The ripple effects will be felt in families, classrooms, workplaces, and across the community for decades to come. This is how communities change their future-together, on purpose, and for good.

Program 2
Expenses: $22,206 Revenue: $32,449

Helene relief; Project Scope This project addresses the temporary housing of 10 families whose trailer homes are being lifted to comply with the flood plane requirements of Transylvania County...

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Helene relief; Project Scope This project addresses the temporary housing of 10 families whose trailer homes are being lifted to comply with the flood plane requirements of Transylvania County. Working with Habitat for Humanity of Transylvania County, and El Centro Brevard, the Brevard Rotary Club, with funds provided by Zone 33/34 and District 7670, is providing temporary housing for these affected families. Habitat is funded by the State of North Carolina to lift these trailers and El Centro is providing funding for the new stairs and decks as well as serving as the communication focal point for these families. Progress to date Lifting of the first two trailers started in early September, making it necessary to relocate these two families while this work took place. Finding temporary housing for extended periods during the Fall tourist season in Western North Carolina can be difficult and expensive. Fortunately, a member of the Rotary Club of Pisgah Forest offered two of the three cabins he and his wife own for this purpose. These cabins are equipped with full kitchens and two queen size beds plus pull-out sofas, as well as WiFi coverage. The Foggy Bottom Cabins in Pisgah Forest enabled us to initially book two cabins for ten weeks each at a rate well below other AirBnB and VRBO units in this area. The invoice attached to this report shows a discount applied to this Rotary project. We also presented each family with gift cards for food items at the local Ingles Supermarket. Lifting requires: * Survey to determine the new flood plane height * Engineering drawing of the new or upgraded foundation for this height * County approval of the foundation design * Disconnection of utilities (electrical, plumbing, HVAC) * Removal of underpinning skirt * Lifting of the trailer * Preparation of the foundation and inspection * Placing the trailer on the foundation and reconnection of utilities * Construction of the new or upgraded stairs/deck * Inspection and issuance of the Certificate of Occupancy The first four trailer lifts have taken much longer than anticipated for a variety of reasons, including weather and poor communications between the various contractors performing these tasks. The period of temporary housing has therefore be extended. Habitat for Humanity, the party funding the lifting, has since made changes to expedite this process for the next set of trailers and has assured us that they will be able to support any overrun we may incur for temporary housing. As of this date two families have returned home and two more are expected to return in the next week or so. All four trailers are located on Ducks Drive, and the next trailers to be lifted are on Metcalf and Cemetery Roads. A single contractor with their own captive personnel resources will perform the lifting process. During the first weeks of the lifting process it was necessary to relocate the two families staying at Foggy Bottom Cabins to a nearby Comfort Inn for several days each. This was due to the booking commitments made prior to our contract with FBC. We have since extended the booking commitment through December and are now assured that all families affected by this project will be able to stay at the cabins without interruption. Receipts and checks for this project to date are attached as separate files. No photos are available as yet

Program 3
Expenses: $4,400 Revenue: $2,000

Adopt a classroom:The Adopt a Classroom project is intended to enrich the reading and math skills of elementary school students through support of enrichment programs and volunteer tutoring by club...

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Adopt a classroom:The Adopt a Classroom project is intended to enrich the reading and math skills of elementary school students through support of enrichment programs and volunteer tutoring by club members. The project was initiated during the 2022-23 Rotary year to counter the impact of education losses due to the COVID-19 pandemic. Each teacher is given a stipend to use at their discretion to purchase materials and other resources to enrich the curriculum, while club members serve as volunteer tutors and guest lecturers based on their expertise. The project has been well received by both teachers and students who look forward to the one-on-one tutoring and the impact it has shown on academic performance. As a result, the project has been expanded from the original 4 third grade classes to include the 3 second grade classes at Rosman Elementary School. The project has also attracted volunteer tutors from the local branch of the AAUW. Further expansion to include the fourth grade classes is planned for the 2025-26 school year. It has been well documented by local, state and federal education departments that COVID-19 was responsible for nearly a year loss in educational instruction, as demonstrated by reduced reading and math scores as compared to pre-pandemic levels. Students have struggled to make up for this loss, especially those who have any level of learning disability. Meetings conducted with elementary school teachers and administrators have shown great appreciation for this Adopt a Classroom project, especially the time spent by volunteer tutors working with individual students on a one-to-one basis.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $384,378
Program Service Revenue $0
Investment Income $10,463
Other Revenue $0
TOTAL REVENUE $394,841

Expense Breakdown

Grants Paid $40,425
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $328,181
Other Expenses $287,756
TOTAL EXPENSES $328,181

Year-over-Year Comparison

2024 2023 Change
Revenue $394,841 $48,379 +7.2%
Expenses $328,181 $47,333 +5.9%
Net Income $66,660 $1,046 +62.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
50

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Michael Dexter-Smith Treasurer 20
Officer Director
$0 $0 $0
Peter Mumola President 5
Officer Director
$0 $0 $0
Richard Zollinger Secretary 5
Officer Director
$0 $0 $0
Mark Lawrie Director 1
Director
$0 $0 $0
Jack Davidson Bolick Director 1
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $394,841 $328,181 $485,405 $66,660
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