Clyde Russell Scholarship Fund
Clyde Russell Scholarship Fund: Consistent Mission, Low Overhead
EIN: 222535972 · Augusta, ME · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $69K |
| Total Expenses | $54K |
| Program Spending | 90% |
| Net Assets | $1.1M |
| Transparency Score | 85/100 |
Is Clyde Russell Scholarship Fund Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Clyde Russell Scholarship Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Clyde Russell Scholarship Fund
Clyde Russell Scholarship Fund (EIN: 222535972) is a nonprofit organization based in Augusta, ME. The organization reported total revenue of $69K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Clyde Russell Scholarship Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Clyde Russell Scholarship Fund is a micro nonprofit that has been operating for 42 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $60K |
| Total Expenses | $54K |
| Surplus / Deficit | +$6K |
| Total Assets | $1.1M |
| Net Assets | $1.1M |
| Operating Margin | 10.1% |
| Months of Reserves | 245.9 months |
Financial Health Grade: A
In 2023, Clyde Russell Scholarship Fund reported a surplus of $6K with revenue exceeding expenses, holds 245.9 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Clyde Russell Scholarship Fund's revenue has grown at a compound annual growth rate (CAGR) of 8.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -15.0% | -10.6% | +2.7% |
| 2022 | +44.7% | +32.8% | -14.5% |
| 2021 | +54.3% | -6.1% | +21.6% |
| 2020 | -25.9% | -6.9% | +0.3% |
| 2019 | -10.4% | -6.9% | -0.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1984 |
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 Clyde Russell Scholarship Fund with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Clyde Russell Scholarship Fund allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $6K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is not reported in available filings, indicating it is likely below the IRS reporting threshold or non-existent, which is positive 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.
Strengths
The following positive indicators were identified for Clyde Russell Scholarship Fund:
- Consistently low administrative and fundraising expenses, with program expenses (x) representing a high percentage of total expenses (e.g., $54,199 out of $60,318 in 2023).
- Stable asset base over several years, demonstrating financial prudence.
- Clear and focused mission on providing scholarships.
Frequently Asked Questions about Clyde Russell Scholarship Fund
Is Clyde Russell Scholarship Fund a legitimate charity?
Clyde Russell Scholarship Fund (EIN: 222535972) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $69K. No red flags identified. 3 strengths noted. Financial health grade: A.
How does Clyde Russell Scholarship Fund spend its money?
Clyde Russell Scholarship Fund directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Clyde Russell Scholarship Fund tax-deductible?
Clyde Russell Scholarship Fund is registered as a tax-exempt nonprofit (EIN: 222535972). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Clyde Russell Scholarship Fund's spending goes to programs?
Clyde Russell Scholarship Fund directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Clyde Russell Scholarship Fund located?
Clyde Russell Scholarship Fund is headquartered in Augusta, Maine and files with the IRS under EIN 222535972.
How many years of IRS 990 filings does Clyde Russell Scholarship Fund have?
Clyde Russell Scholarship Fund has 13 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 $69K in total revenue.
What does Clyde Russell Scholarship Fund do?
Clyde Russell Scholarship Fund is a nonprofit organization in the Unknown sector, located in Augusta, Maine. It is classified under NTEE code Unknown.
How much revenue does Clyde Russell Scholarship Fund have?
Clyde Russell Scholarship Fund reported total revenue of $68,577. Based on 13 IRS 990 filings on record.
What are Clyde Russell Scholarship Fund's total assets?
Clyde Russell Scholarship Fund holds total assets of $1,213,111 as reported in IRS 990 filings.
Where is Clyde Russell Scholarship Fund located?
Clyde Russell Scholarship Fund is based in Augusta, Maine.
What is Clyde Russell Scholarship Fund's EIN?
Clyde Russell Scholarship Fund's Employer Identification Number (EIN) is 222535972. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Clyde Russell Scholarship Fund?
Clyde Russell Scholarship Fund is classified under NTEE code Unknown (Unknown).
Is Clyde Russell Scholarship Fund a registered 501(c)(3)?
Clyde Russell Scholarship Fund appears in IRS records (EIN: 222535972). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Clyde Russell Scholarship Fund file IRS Form 990?
Yes, Clyde Russell Scholarship Fund has 13 IRS Form 990 filings on record. The most recent covers tax period 202308.
What was Clyde Russell Scholarship Fund's revenue in 2023?
In the 202308 filing period, Clyde Russell Scholarship Fund reported total revenue of $60,318, total expenses of $54,199, and net assets of $1,110,601.
Is Clyde Russell Scholarship Fund's revenue growing or declining?
Clyde Russell Scholarship Fund's revenue is declining. Revenue went from $70,957 (202208) to $60,318 (202308), a -15.0% change. Based on 13 filings on record.
What is Clyde Russell Scholarship Fund's most recent 990 filing?
The most recent IRS Form 990 filing for Clyde Russell Scholarship Fund covers tax period 202308. It shows revenue of $60,318, expenses of $54,199, total assets of $1,110,601, and liabilities of N/A.
How much does Clyde Russell Scholarship Fund spend on programs vs administration?
Based on IRS 990 analysis, Clyde Russell Scholarship Fund allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Clyde Russell Scholarship Fund a trustworthy charity?
Based on AI analysis of IRS 990 data, Clyde Russell Scholarship Fund appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 3 strengths noted.
What are Clyde Russell Scholarship Fund's strengths?
Positive indicators for Clyde Russell Scholarship Fund include: Consistently low administrative and fundraising expenses, with program expenses (x) representing a high percentage of total expenses (e.g., $54,199 out of $60,318 in 2023).. Stable asset base over several years, demonstrating financial prudence.. Clear and focused mission on providing scholarships.. These findings are derived from AI analysis of the organization's financial filings.
How does Clyde Russell Scholarship Fund compensate executives?
Executive compensation is not reported in available filings, indicating it is likely below the IRS reporting threshold or non-existent, which is positive for a small scholarship fund. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the organization manage to maintain such a high percentage of program spending relative to total expenses?
The organization's filings consistently show very low administrative and fundraising costs, suggesting a lean operational model, possibly relying on volunteer efforts or minimal paid staff, allowing the vast majority of expenses to directly support scholarships.
Given the relatively small revenue, how does the fund ensure long-term sustainability for its scholarship programs?
The fund maintains a substantial asset base (e.g., $1,110,601 in 2023) relative to its annual revenue and expenses. This endowment-like structure likely generates investment income, providing a stable, recurring source of funds to support scholarships even if annual donations fluctuate.
Filing History
IRS 990 filing history for Clyde Russell Scholarship Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Clyde Russell Scholarship Fund's revenue has grown by 173%, moving from $22K to $60K. Total assets increased by 34% over the same period, from $829K to $1.1M. Total functional expenses fell by 8%, from $59K to $54K. In its most recent filing year (2023), Clyde Russell Scholarship Fund reported a surplus of $6K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $60K | $54K | $1.1M | $0 | — | — |
| 2022 | $71K | $61K | $1.1M | $0 | — | — |
| 2021 | $49K | $46K | $1.3M | $0 | — | — |
| 2020 | $32K | $49K | $1.0M | $0 | — | View 990 |
| 2019 | $43K | $52K | $1.0M | $0 | — | View 990 |
| 2018 | $48K | $56K | $1.0M | $0 | — | View 990 |
| 2017 | $51K | $33K | $1.0M | $0 | — | — |
| 2016 | $35K | $44K | $948K | $0 | — | View 990 |
| 2015 | $61K | $45K | $908K | $0 | — | View 990 |
| 2014 | $49K | $39K | $983K | $0 | — | View 990 |
| 2013 | $35K | $51K | $889K | $0 | — | View 990 |
| 2012 | $29K | $50K | $838K | $8K | — | View 990 |
| 2011 | $22K | $59K | $829K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $60K, expenses of $54K, and assets of $1.1M (revenue -15.0% year-over-year).
- 2022: Revenue of $71K, expenses of $61K, and assets of $1.1M (revenue +44.7% year-over-year).
- 2021: Revenue of $49K, expenses of $46K, and assets of $1.3M (revenue +54.3% year-over-year).
- 2020: Revenue of $32K, expenses of $49K, and assets of $1.0M (revenue -25.9% year-over-year).
- 2019: Revenue of $43K, expenses of $52K, and assets of $1.0M (revenue -10.4% year-over-year).
- 2018: Revenue of $48K, expenses of $56K, and assets of $1.0M (revenue -5.7% year-over-year).
- 2017: Revenue of $51K, expenses of $33K, and assets of $1.0M (revenue +43.4% year-over-year).
- 2016: Revenue of $35K, expenses of $44K, and assets of $948K (revenue -41.6% year-over-year).
- 2015: Revenue of $61K, expenses of $45K, and assets of $908K (revenue +22.8% year-over-year).
- 2014: Revenue of $49K, expenses of $39K, and assets of $983K (revenue +41.8% year-over-year).
- 2013: Revenue of $35K, expenses of $51K, and assets of $889K (revenue +19.8% year-over-year).
- 2012: Revenue of $29K, expenses of $50K, and assets of $838K (revenue +31.6% year-over-year).
- 2011: Revenue of $22K, expenses of $59K, and assets of $829K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Clyde Russell Scholarship Fund:
Data Sources and Methodology
This transparency report for Clyde Russell 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.