Aaron Arnoldsen Memorial Scholarship Fund
Aaron Arnoldsen Memorial Scholarship Fund operates on a small scale with no executive compensation, showing recent $0 revenue and assets.
EIN: 200031216 · Reno, NV · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $29K |
| Program Spending | 90% |
| Net Assets | $1K |
| Transparency Score | 75/100 |
Is Aaron Arnoldsen Memorial Scholarship Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Aaron Arnoldsen Memorial Scholarship Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Aaron Arnoldsen Memorial Scholarship Fund
Aaron Arnoldsen Memorial Scholarship Fund (EIN: 200031216) is a nonprofit organization based in Reno, NV, classified under NTEE code B82. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Aaron Arnoldsen Memorial Scholarship Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Aaron Arnoldsen Memorial Scholarship Fund is a micro nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of 1.7%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $27K |
| Total Expenses | $29K |
| Surplus / Deficit | $-1,908 |
| Total Assets | $1K |
| Net Assets | $1K |
| Operating Margin | -7.0% |
| Months of Reserves | 0.6 months |
Financial Health Grade: C
In 2020, Aaron Arnoldsen Memorial Scholarship Fund reported a deficit of $2K with expenses exceeding revenue, holds 0.6 months of operating reserves (limited).
Financial Trends
Over 10 years of filings (2011–2020), Aaron Arnoldsen Memorial Scholarship Fund's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | -102.8% | -91.9% | -53.5% |
| 2018 | +13.9% | +4.1% | +104.9% |
| 2017 | +6.1% | -0.7% | +12.7% |
| 2016 | +26.5% | +40.2% | -36.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Aaron Arnoldsen Memorial Scholarship Fund with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Aaron Arnoldsen Memorial Scholarship Fund allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that the organization is likely volunteer-run and does not allocate funds to officer salaries, which is highly efficient for a small scholarship fund.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Aaron Arnoldsen Memorial Scholarship Fund's IRS 990 filings:
- Latest filing shows $0 revenue and assets, requiring further investigation.
- Occasional operating deficits (e.g., 202012, 201912, 201612, 201312, 201212) where expenses exceeded revenue.
Strengths
The following positive indicators were identified for Aaron Arnoldsen Memorial Scholarship Fund:
- Consistent 0% officer compensation across all filings, indicating high efficiency in executive costs.
- No reported liabilities across all periods, suggesting sound financial management.
- Long operational history (10 filings provided) for a small organization.
- Modest asset base indicates a lean operation focused on direct program delivery.
Frequently Asked Questions about Aaron Arnoldsen Memorial Scholarship Fund
Is Aaron Arnoldsen Memorial Scholarship Fund a legitimate charity?
Aaron Arnoldsen Memorial Scholarship Fund (EIN: 200031216) is a registered tax-exempt nonprofit based in Nevada. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. 2 red flags identified. 4 strengths noted. Financial health grade: C.
How does Aaron Arnoldsen Memorial Scholarship Fund spend its money?
Aaron Arnoldsen Memorial Scholarship Fund directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Aaron Arnoldsen Memorial Scholarship Fund tax-deductible?
Aaron Arnoldsen Memorial Scholarship Fund is registered as a tax-exempt nonprofit (EIN: 200031216). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Aaron Arnoldsen Memorial Scholarship Fund compare to similar nonprofits?
With a transparency score of 75/100 (Good), Aaron Arnoldsen Memorial Scholarship Fund is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Aaron Arnoldsen Memorial Scholarship Fund located?
Aaron Arnoldsen Memorial Scholarship Fund is headquartered in Reno, Nevada and files with the IRS under EIN 200031216. It is classified under NTEE code B82.
How many years of IRS 990 filings does Aaron Arnoldsen Memorial Scholarship Fund have?
Aaron Arnoldsen Memorial Scholarship Fund has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Why does the latest filing show $0 in revenue and assets?
The latest filing (Period 202012) shows $0 in both revenue and assets. This could indicate a period of inactivity, a change in reporting requirements (e.g., filing a 990-N postcard), or a significant financial event. Reviewing the actual 990 filing for that period would provide clarity.
How does the organization sustain itself with fluctuating revenues and occasional operating deficits?
The organization has experienced fluctuating revenues (e.g., $-1,081 in 201912) and periods where expenses exceeded revenue (e.g., $29,332 expenses vs. $27,424 revenue in 202012). It likely relies on consistent, albeit modest, donor support and careful management of its small asset base to continue its operations.
What are the specific program activities and how much is spent on them?
Based on the NTEE code B82 (Scholarship & Student Financial Aid), the primary program activity is providing scholarships. Without a detailed functional expense breakdown from the 990, the exact percentage of spending on programs versus administrative costs cannot be precisely determined from the provided summary, but the absence of officer compensation suggests a high program focus.
Filing History
IRS 990 filing history for Aaron Arnoldsen Memorial Scholarship Fund showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2020), Aaron Arnoldsen Memorial Scholarship Fund's revenue has grown by 16.1%, moving from $24K to $27K. Total assets decreased by 67.4% over the same period, from $4K to $1K. Total functional expenses rose by 27%, from $23K to $29K. In its most recent filing year (2020), Aaron Arnoldsen Memorial Scholarship Fund reported a deficit of $2K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $27K | $29K | $1K | $0 | — | — |
| 2019 | $-1,081 | $3K | $3K | $0 | — | View 990 |
| 2018 | $38K | $34K | $7K | $0 | — | View 990 |
| 2017 | $33K | $33K | $4K | $0 | — | View 990 |
| 2016 | $32K | $33K | $3K | $0 | — | View 990 |
| 2015 | $25K | $24K | $5K | $0 | — | View 990 |
| 2014 | $17K | $16K | $4K | $0 | — | View 990 |
| 2013 | $22K | $23K | $3K | $0 | — | View 990 |
| 2012 | $23K | $24K | $3K | $0 | — | View 990 |
| 2011 | $24K | $23K | $4K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $27K, expenses of $29K, and assets of $1K.
- 2019: Revenue of $-1,081, expenses of $3K, and assets of $3K (revenue -102.8% year-over-year).
- 2018: Revenue of $38K, expenses of $34K, and assets of $7K (revenue +13.9% year-over-year).
- 2017: Revenue of $33K, expenses of $33K, and assets of $4K (revenue +6.1% year-over-year).
- 2016: Revenue of $32K, expenses of $33K, and assets of $3K (revenue +26.5% year-over-year).
- 2015: Revenue of $25K, expenses of $24K, and assets of $5K (revenue +47.2% year-over-year).
- 2014: Revenue of $17K, expenses of $16K, and assets of $4K (revenue -22.5% year-over-year).
- 2013: Revenue of $22K, expenses of $23K, and assets of $3K (revenue -5.2% year-over-year).
- 2012: Revenue of $23K, expenses of $24K, and assets of $3K (revenue -2.4% year-over-year).
- 2011: Revenue of $24K, expenses of $23K, and assets of $4K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Aaron Arnoldsen Memorial Scholarship Fund:
Data Sources and Methodology
This transparency report for Aaron Arnoldsen Memorial Scholarship Fund is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.