Carl H & Laura Estrella Grisham Scholarship Fdn Inc 52 7900365
Scholarship Foundation Consistently Spends More Than It Earns, Drawing Down Assets.
EIN: 203450384 · Birmingham, AL · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $466K |
| Total Expenses | $198K |
| Program Spending | 90% |
| Net Assets | $2.2M |
| Transparency Score | 70/100 |
Is Carl H & Laura Estrella Grisham Scholarship Fdn Inc 52 7900365 Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Carl H & Laura Estrella Grisham Scholarship Fdn Inc 52 7900365 directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Carl H & Laura Estrella Grisham Scholarship Fdn Inc 52 7900365
Carl H & Laura Estrella Grisham Scholarship Fdn Inc 52 7900365 (EIN: 203450384) is a nonprofit organization based in Birmingham, AL, classified under NTEE code T20. The organization reported total revenue of $466K and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Carl H & Laura Estrella Grisham Scholarship Fdn Inc 52 7900365's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Carl H & Laura Estrella Grisham Scholarship Fdn Inc 52 7900365 is a small nonprofit that has been operating for 20 years, with 9 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -26.2%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $5K |
| Total Expenses | $198K |
| Surplus / Deficit | $-193,661 |
| Total Assets | $2.2M |
| Total Liabilities | $1 |
| Net Assets | $2.2M |
| Operating Margin | -4277.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 131.9 months |
Financial Health Grade: B
In 2022, Carl H & Laura Estrella Grisham Scholarship Fdn Inc 52 7900365 reported a deficit of $194K with expenses exceeding revenue, holds 131.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2022), Carl H & Laura Estrella Grisham Scholarship Fdn Inc 52 7900365's revenue has declined at a compound annual growth rate (CAGR) of -26.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -97.6% | -0.6% | -8.2% |
| 2021 | +159.1% | +10.4% | -0.3% |
| 2020 | -64.9% | -13.2% | -4.3% |
| 2019 | +248.5% | -8.7% | -11.9% |
| 2015 | -73.1% | -1.0% | -5.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2006 |
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 Carl H & Laura Estrella Grisham Scholarship Fdn Inc 52 7900365 with a Mission Score of 70 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, Carl H & Laura Estrella Grisham Scholarship Fdn Inc 52 7900365 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $194K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either unpaid or compensated through other means not reported as officer compensation, which is highly favorable for minimizing administrative costs.
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 Carl H & Laura Estrella Grisham Scholarship Fdn Inc 52 7900365's IRS 990 filings:
- Consistent deficit spending (expenses significantly exceeding revenue) across multiple years, e.g., 2022 revenue $4,528, expenses $198,189.
- Steady decline in total assets over the past decade, from $3,091,161 in 2011 to $2,177,937 in 2022, suggesting unsustainable spending patterns.
Strengths
The following positive indicators were identified for Carl H & Laura Estrella Grisham Scholarship Fdn Inc 52 7900365:
- Zero reported officer compensation across all filings, indicating high efficiency in leadership costs.
- Low liabilities reported ($0 or $1 across all filings), suggesting good financial management of debt.
- Clear mission focus on scholarships (NTEE T20) with a history of disbursements.
Frequently Asked Questions about Carl H & Laura Estrella Grisham Scholarship Fdn Inc 52 7900365
Is Carl H & Laura Estrella Grisham Scholarship Fdn Inc 52 7900365 a legitimate charity?
Carl H & Laura Estrella Grisham Scholarship Fdn Inc 52 7900365 (EIN: 203450384) is a registered tax-exempt nonprofit based in Alabama. Our AI analysis gives it a Mission Score of 70/100. It has 9 years of IRS 990 filings on record. Total revenue: $466K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Carl H & Laura Estrella Grisham Scholarship Fdn Inc 52 7900365 spend its money?
Carl H & Laura Estrella Grisham Scholarship Fdn Inc 52 7900365 directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Carl H & Laura Estrella Grisham Scholarship Fdn Inc 52 7900365 tax-deductible?
Carl H & Laura Estrella Grisham Scholarship Fdn Inc 52 7900365 is registered as a tax-exempt nonprofit (EIN: 203450384). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Carl H & Laura Estrella Grisham Scholarship Fdn Inc 52 7900365 compare to similar nonprofits?
With a transparency score of 70/100 (Good), Carl H & Laura Estrella Grisham Scholarship Fdn Inc 52 7900365 is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Carl H & Laura Estrella Grisham Scholarship Fdn Inc 52 7900365 located?
Carl H & Laura Estrella Grisham Scholarship Fdn Inc 52 7900365 is headquartered in Birmingham, Alabama and files with the IRS under EIN 203450384. It is classified under NTEE code T20.
How many years of IRS 990 filings does Carl H & Laura Estrella Grisham Scholarship Fdn Inc 52 7900365 have?
Carl H & Laura Estrella Grisham Scholarship Fdn Inc 52 7900365 has 9 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $466K in total revenue.
Is Carl H & Laura Estrella Grisham Scholarship Fdn Inc a good charity?
The foundation demonstrates a strong commitment to its mission by not paying officer compensation and focusing on scholarships. However, its long-term financial sustainability is a concern due to consistent deficit spending and declining assets.
Why are expenses consistently higher than revenue?
The organization appears to be operating by drawing down its existing assets (endowment) to fund its scholarship programs and operational expenses, as evidenced by the consistent decline in total assets from $3,091,161 in 2011 to $2,177,937 in 2022, while expenses frequently exceed revenue (e.g., 2022 revenue $4,528 vs. expenses $198,189).
What is the trend in the organization's assets?
The organization's assets have shown a consistent downward trend over the past decade, decreasing from $3,091,161 in 2011 to $2,177,937 in 2022, indicating that the foundation is spending more than it generates in revenue.
Filing History
IRS 990 filing history for Carl H & Laura Estrella Grisham Scholarship Fdn Inc 52 7900365 showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2022), Carl H & Laura Estrella Grisham Scholarship Fdn Inc 52 7900365's revenue has declined by 96.5%, moving from $129K to $5K. Total assets decreased by 29.5% over the same period, from $3.1M to $2.2M. Total functional expenses fell by 11.5%, from $224K to $198K. In its most recent filing year (2022), Carl H & Laura Estrella Grisham Scholarship Fdn Inc 52 7900365 reported a deficit of $194K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $5K | $198K | $2.2M | $1 | — | View 990 |
| 2021 | $193K | $199K | $2.4M | $1 | — | View 990 |
| 2020 | $74K | $181K | $2.4M | $1 | — | View 990 |
| 2019 | $212K | $208K | $2.5M | $0 | — | View 990 |
| 2015 | $61K | $228K | $2.8M | $0 | — | View 990 |
| 2014 | $226K | $230K | $3.0M | $0 | — | View 990 |
| 2013 | $131K | $225K | $3.0M | $0 | — | View 990 |
| 2012 | $208K | $225K | $3.1M | $0 | — | View 990 |
| 2011 | $129K | $224K | $3.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $5K, expenses of $198K, and assets of $2.2M (revenue -97.6% year-over-year).
- 2021: Revenue of $193K, expenses of $199K, and assets of $2.4M (revenue +159.1% year-over-year).
- 2020: Revenue of $74K, expenses of $181K, and assets of $2.4M (revenue -64.9% year-over-year).
- 2019: Revenue of $212K, expenses of $208K, and assets of $2.5M (revenue +248.5% year-over-year).
- 2015: Revenue of $61K, expenses of $228K, and assets of $2.8M (revenue -73.1% year-over-year).
- 2014: Revenue of $226K, expenses of $230K, and assets of $3.0M (revenue +71.7% year-over-year).
- 2013: Revenue of $131K, expenses of $225K, and assets of $3.0M (revenue -36.8% year-over-year).
- 2012: Revenue of $208K, expenses of $225K, and assets of $3.1M (revenue +61.5% year-over-year).
- 2011: Revenue of $129K, expenses of $224K, and assets of $3.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Carl H & Laura Estrella Grisham Scholarship Fdn Inc 52 7900365:
Data Sources and Methodology
This transparency report for Carl H & Laura Estrella Grisham Scholarship Fdn Inc 52 7900365 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.