Is William H Nelson And Helen L Nelson Scholarship Fund Legit?
Quick charity verification for William H Nelson And Helen L Nelson Scholarship Fund (EIN: 201947722)
Verdict: William H Nelson And Helen L Nelson Scholarship Fund appears trustworthy
95/100Mission Score
$19KRevenue
$445KAssets
1Red Flags
4Strengths
Red Flags
Consistent annual expenses exceeding revenue in recent years (e.g., 2023: $32,451 expenses vs. $16,813 revenue), potentially drawing down assets over time if not balanced by future revenue.
Strengths
100% program spending due to 0% officer compensation across all reported periods.
Strong financial transparency with minimal liabilities reported ($1 or $0 consistently).
Healthy asset base ($459,958 in 2023) providing stability for its scholarship programs.
Clear alignment between NTEE code (T20 - Scholarship & Student Aid) and organizational name/mission.
Spending Breakdown
How William H Nelson And Helen L Nelson Scholarship Fund allocates its funds across programs, administration, and fundraising.
100%
Program Spending
Healthy — majority goes to mission
0%
Admin Costs
Reasonable — admin costs in check
0%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about William H Nelson And Helen L Nelson Scholarship Fund
Is William H Nelson And Helen L Nelson Scholarship Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, William H Nelson And Helen L Nelson Scholarship Fund (EIN: 201947722) appears trustworthy. Mission Score: 95/100. 1 red flag identified, 4 strengths noted.
Is William H Nelson And Helen L Nelson Scholarship Fund a good charity to donate to?
William H Nelson And Helen L Nelson Scholarship Fund has a Mission Score of 95/100. Revenue: $19K. Assets: $445K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for William H Nelson And Helen L Nelson Scholarship Fund?
The Employer Identification Number (EIN) for William H Nelson And Helen L Nelson Scholarship Fund is 201947722. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does William H Nelson And Helen L Nelson Scholarship Fund spend its money?
William H Nelson And Helen L Nelson Scholarship Fund allocates 100% to programs, 0% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify William H Nelson And Helen L Nelson Scholarship Fund's tax-exempt status?
You can verify William H Nelson And Helen L Nelson Scholarship Fund's tax-exempt status using EIN 201947722 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The William H Nelson And Helen L Nelson Scholarship Fund appears to be a well-managed and transparent organization focused on its mission. With consistent revenue streams, albeit slightly declining over the past decade from $29,400 in 2011 to $16,813 in 2023, the fund maintains a healthy asset base of $459,958 as of 2023. A significant strength is its complete absence of officer compensation across all reported periods, indicating that all available funds are directed towards its charitable purpose. The organization consistently reports minimal to no liabilities, demonstrating strong financial stewardship.
While the fund has experienced periods where expenses exceeded revenue, such as in 2023 ($32,451 expenses vs. $16,813 revenue) and 2022 ($29,997 expenses vs. $16,694 revenue), this is not uncommon for scholarship funds that may disburse more in a given year than they receive in contributions or investment income. The consistent asset base suggests these shortfalls are covered by existing endowments rather than operational inefficiencies. The NTEE code T20 (Scholarship & Student Aid) aligns perfectly with its name and implied mission, reinforcing its program focus.
Overall, the organization exhibits strong financial health and transparency. The lack of officer compensation is a clear indicator of efficient spending and a strong commitment to its program services. Its consistent asset base and minimal liabilities further underscore its stability and responsible financial management, making it a highly transparent and mission-driven entity.