Blue Corss & Blue Shield Employees Scholarship Foundation
Blue Cross & Blue Shield Employees Scholarship Foundation: Consistent Spending, Declining Assets
EIN: 222987247 · Providence, RI · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Expenses | $23K |
| Net Assets | $33K |
| Transparency Score | 65/100 |
Is Blue Corss & Blue Shield Employees Scholarship Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Blue Corss & Blue Shield Employees Scholarship Foundation
Blue Corss & Blue Shield Employees Scholarship Foundation (EIN: 222987247) is a nonprofit organization based in Providence, RI. 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 Blue Corss & Blue Shield Employees Scholarship Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Blue Corss & Blue Shield Employees Scholarship Foundation is a micro nonprofit that has been operating for 37 years, with 5 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of -13.8%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $12K |
| Total Expenses | $23K |
| Surplus / Deficit | $-10,538 |
| Total Assets | $33K |
| Total Liabilities | $282 |
| Net Assets | $33K |
| Operating Margin | -85.3% |
| Debt-to-Asset Ratio | 0.9% |
| Months of Reserves | 17.2 months |
Financial Health Grade: B
In 2015, Blue Corss & Blue Shield Employees Scholarship Foundation reported a deficit of $11K with expenses exceeding revenue, holds 17.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.9% (very low leverage).
Financial Trends
Over 5 years of filings (2011–2015), Blue Corss & Blue Shield Employees Scholarship Foundation's revenue has declined at a compound annual growth rate (CAGR) of -13.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | +8.5% | +0.1% | -23.8% |
| 2014 | -11.6% | -2.9% | -21.1% |
| 2013 | +7.5% | +0.8% | -16.4% |
| 2012 | -46.4% | -38.1% | -14.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
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 Blue Corss & Blue Shield Employees Scholarship Foundation with a Mission Score of 65 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: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Blue Corss & Blue Shield Employees Scholarship Foundation allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $11K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.9%.
Executive Compensation Analysis
Executive compensation cannot be assessed as no specific compensation figures for executives are provided in the available data.
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 Blue Corss & Blue Shield Employees Scholarship Foundation's IRS 990 filings:
- 100% of reported expenses are administrative, with 0% allocated to programs, which is highly unusual for a scholarship foundation.
- Total assets have steadily declined from $76,594 in 2011 to $32,795 in 2015, indicating a significant reduction in financial capacity.
- The organization's stated purpose as a 'Scholarship Foundation' is not reflected in its spending breakdown, raising questions about its operational effectiveness.
Strengths
The following positive indicators were identified for Blue Corss & Blue Shield Employees Scholarship Foundation:
- Consistent reporting of financial data over multiple years (2011-2015).
Frequently Asked Questions about Blue Corss & Blue Shield Employees Scholarship Foundation
Is Blue Corss & Blue Shield Employees Scholarship Foundation a legitimate charity?
Blue Corss & Blue Shield Employees Scholarship Foundation (EIN: 222987247) is a registered tax-exempt nonprofit based in Rhode Island. Our AI analysis gives it a Mission Score of 65/100. It has 5 years of IRS 990 filings on record. 3 red flags identified. 1 strength noted. Financial health grade: B.
How does Blue Corss & Blue Shield Employees Scholarship Foundation spend its money?
Blue Corss & Blue Shield Employees Scholarship Foundation reported its financials in IRS 990 filings. 5 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Blue Corss & Blue Shield Employees Scholarship Foundation tax-deductible?
Blue Corss & Blue Shield Employees Scholarship Foundation is registered as a tax-exempt nonprofit (EIN: 222987247). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Blue Corss & Blue Shield Employees Scholarship Foundation located?
Blue Corss & Blue Shield Employees Scholarship Foundation is headquartered in Providence, Rhode Island and files with the IRS under EIN 222987247.
How many years of IRS 990 filings does Blue Corss & Blue Shield Employees Scholarship Foundation have?
Blue Corss & Blue Shield Employees Scholarship Foundation has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
What does Blue Corss & Blue Shield Employees Scholarship Foundation do?
Blue Corss & Blue Shield Employees Scholarship Foundation is a nonprofit organization in the Unknown sector, located in Providence, Rhode Island. It is classified under NTEE code Unknown.
How much revenue does Blue Corss & Blue Shield Employees Scholarship Foundation have?
Blue Corss & Blue Shield Employees Scholarship Foundation reported total revenue of N/A. Based on 5 IRS 990 filings on record.
What are Blue Corss & Blue Shield Employees Scholarship Foundation's total assets?
Blue Corss & Blue Shield Employees Scholarship Foundation holds total assets of N/A as reported in IRS 990 filings.
Where is Blue Corss & Blue Shield Employees Scholarship Foundation located?
Blue Corss & Blue Shield Employees Scholarship Foundation is based in Providence, Rhode Island.
What is Blue Corss & Blue Shield Employees Scholarship Foundation's EIN?
Blue Corss & Blue Shield Employees Scholarship Foundation's Employer Identification Number (EIN) is 222987247. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Blue Corss & Blue Shield Employees Scholarship Foundation?
Blue Corss & Blue Shield Employees Scholarship Foundation is classified under NTEE code Unknown (Unknown).
Is Blue Corss & Blue Shield Employees Scholarship Foundation a registered 501(c)(3)?
Blue Corss & Blue Shield Employees Scholarship Foundation appears in IRS records (EIN: 222987247). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Blue Corss & Blue Shield Employees Scholarship Foundation file IRS Form 990?
Yes, Blue Corss & Blue Shield Employees Scholarship Foundation has 5 IRS Form 990 filings on record. The most recent covers tax period 201512.
What was Blue Corss & Blue Shield Employees Scholarship Foundation's revenue in 2015?
In the 201512 filing period, Blue Corss & Blue Shield Employees Scholarship Foundation reported total revenue of $12,359, total expenses of $22,897, and net assets of $32,795.
Is Blue Corss & Blue Shield Employees Scholarship Foundation's revenue growing or declining?
Blue Corss & Blue Shield Employees Scholarship Foundation's revenue is growing. Revenue went from $11,396 (201412) to $12,359 (201512), a +8.5% change. Based on 5 filings on record.
What is Blue Corss & Blue Shield Employees Scholarship Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for Blue Corss & Blue Shield Employees Scholarship Foundation covers tax period 201512. It shows revenue of $12,359, expenses of $22,897, total assets of $32,795, and liabilities of $282.
Is Blue Corss & Blue Shield Employees Scholarship Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, Blue Corss & Blue Shield Employees Scholarship Foundation shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 1 strength noted.
What are the red flags for Blue Corss & Blue Shield Employees Scholarship Foundation?
The following concerns were identified: 100% of reported expenses are administrative, with 0% allocated to programs, which is highly unusual for a scholarship foundation.. Total assets have steadily declined from $76,594 in 2011 to $32,795 in 2015, indicating a significant reduction in financial capacity.. The organization's stated purpose as a 'Scholarship Foundation' is not reflected in its spending breakdown, raising questions about its operational effectiveness.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Blue Corss & Blue Shield Employees Scholarship Foundation's strengths?
Positive indicators for Blue Corss & Blue Shield Employees Scholarship Foundation include: Consistent reporting of financial data over multiple years (2011-2015).. These findings are derived from AI analysis of the organization's financial filings.
How does Blue Corss & Blue Shield Employees Scholarship Foundation compensate executives?
Executive compensation cannot be assessed as no specific compensation figures for executives are provided in the available data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the organization's name and stated purpose, how does it fulfill its mission of providing scholarships when 0% of its expenses are allocated to programs?
The provided data indicates that all reported expenses are administrative, with no direct program service expenses. This suggests that any scholarship disbursements, if they occur, are either not categorized as program expenses or are funded through means not reflected in the provided expense breakdown.
What is the nature of the 'administrative expenses' that consistently consume 100% of the organization's expenditures?
Without further detail, it's impossible to definitively state the nature of these expenses. However, for a scholarship foundation, typical administrative costs might include legal fees, accounting, office supplies, and potentially salaries for staff managing the foundation, even if no direct program staff are listed.
Filing History
IRS 990 filing history for Blue Corss & Blue Shield Employees Scholarship Foundation showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), Blue Corss & Blue Shield Employees Scholarship Foundation's revenue has declined by 44.7%, moving from $22K to $12K. Total assets decreased by 57.2% over the same period, from $77K to $33K. Total functional expenses fell by 39.4%, from $38K to $23K. In its most recent filing year (2015), Blue Corss & Blue Shield Employees Scholarship Foundation reported a deficit of $11K, with expenses exceeding revenue. The organization holds $282 in liabilities against $33K in assets (debt-to-asset ratio: 0.9%), resulting in net assets of $33K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $12K | $23K | $33K | $282 | — | View 990 |
| 2014 | $11K | $23K | $43K | $0 | — | View 990 |
| 2013 | $13K | $24K | $55K | $0 | — | View 990 |
| 2012 | $12K | $23K | $65K | $0 | — | View 990 |
| 2011 | $22K | $38K | $77K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $12K, expenses of $23K, and assets of $33K (revenue +8.5% year-over-year).
- 2014: Revenue of $11K, expenses of $23K, and assets of $43K (revenue -11.6% year-over-year).
- 2013: Revenue of $13K, expenses of $24K, and assets of $55K (revenue +7.5% year-over-year).
- 2012: Revenue of $12K, expenses of $23K, and assets of $65K (revenue -46.4% year-over-year).
- 2011: Revenue of $22K, expenses of $38K, and assets of $77K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Blue Corss & Blue Shield Employees Scholarship Foundation:
Data Sources and Methodology
This transparency report for Blue Corss & Blue Shield Employees Scholarship Foundation 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.