Phil & Gerry Rominger Foundation
Only null% goes to programs Strong reserves Declining revenue
Phil & Gerry Rominger Foundation is a 501(c)(3) organization based in Efland, North Carolina, registered in 2001, with $1,218,366 in FY2024 revenue. CharityIndex grades it D.
4241 Beech Creek Trl, Efland, NC, 27243 EIN 56-2253755 Since 2001
Revenue (FY2024)
$1.2M
▲ 78.0% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$1.8M
Net assets
$7.7M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Phil & Gerry Rominger Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DFinancial health25% of the rating51 mo reserves · -48% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Phil & Gerry Rominger Foundation: 51 mo reserves · -48% margin earns a D on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Phil & Gerry Rominger Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Phil & Gerry Rominger Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 4241 Beech Creek Trl, Efland, NC, 27243
- City
- Efland
- State
- North Carolina
- Subcategory
- Private Foundations
Financial trends
Revenue declined from $1.3M (FY2013) to $1.2M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $7.7M
Operating margin
-48.3%
Spent more than it raised in the latest fiscal year.
Total assets
$7.7M
Total liabilities
$0
Net assets
$7.7M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,218,366▲78.0% | $1,806,388▲6.2% | $7,671,476▼7.1% | $7,671,476▼7.1% | 990PF |
| 2023 | $684,288▼75.2% | $1,701,557▲0.2% | $8,259,498▼11.0% | $8,259,498▼11.0% | 990PF |
| 2022 | $2,757,901▲55.7% | $1,698,322▼34.0% | $9,276,767▲12.9% | $9,276,767▲12.9% | 990PF |
| 2021 | $1,771,803▲2540% | $2,572,688▲60.7% | $8,217,188▼8.9% | $8,217,188▼8.9% | 990PF |
| 2020 | -$72,601▼112% | $1,600,677▼8.4% | $9,018,073▼15.7% | $9,018,073▼15.7% | 990PF |
| 2019 | $588,855▲86.8% | $1,748,056▼2.1% | $10,691,351▼9.8% | $10,691,351▼9.8% | 990PF |
| 2018 | $315,271▼77.7% | $1,784,966▼7.0% | $11,850,552▼11.0% | $11,850,552▼11.0% | 990PF |
| 2017 | $1,415,540▲58.9% | $1,919,250▲2.5% | $13,320,247▼3.6% | $13,320,247▼3.6% | 990PF |
| 2016 | $890,889▼42.8% | $1,872,161▲78.0% | $13,823,957▼6.6% | $13,823,957▼6.6% | 990PF |
| 2015 | $1,556,234▲6.5% | $1,051,898▼2.0% | $14,805,229▲3.5% | $14,805,229▲3.5% | 990PF |
| 2014 | $1,461,499▲9.8% | $1,073,764▲2.7% | $14,300,893▲2.8% | $14,300,893▲2.8% | 990PF |
| 2013 | $1,330,925 | $1,045,073▲9.6% | $13,913,158▲2.1% | $13,913,158▲2.1% | 990PF |
| 2012 | — | $953,786▼38.8% | $13,627,306▲0.8% | $13,627,306▲0.8% | 990PF |
| 2011 | — | $1,557,564 | $13,516,639 | $13,516,639 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Phil & Gerry Rominger Foundation a legitimate nonprofit?
- Yes. Phil & Gerry Rominger Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-2253755, based in Efland, North Carolina. Donations are tax-deductible.
- What is Phil & Gerry Rominger Foundation's EIN?
- Phil & Gerry Rominger Foundation's Employer Identification Number (EIN) is 56-2253755.
- How much revenue does Phil & Gerry Rominger Foundation report?
- Phil & Gerry Rominger Foundation reported $1,218,366 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Phil & Gerry Rominger Foundation have?
- CharityIndex grades Phil & Gerry Rominger Foundation D, based on financial health (reserves and operating margin).
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Data for Phil & Gerry Rominger Foundation (EIN 56-2253755) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.