Dwight & Virginia Deen Schoeff Scholarship Tr
Dwight & Virginia Deen Schoeff Scholarship Tr maintains stable assets and zero officer compensation over a decade.
EIN: 206408218 · Muncie, IN · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $147K |
| Program Spending | 95% |
| Net Assets | $1.7M |
| Transparency Score | 92/100 |
Is Dwight & Virginia Deen Schoeff Scholarship Tr Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Dwight & Virginia Deen Schoeff Scholarship Tr directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Dwight & Virginia Deen Schoeff Scholarship Tr
Dwight & Virginia Deen Schoeff Scholarship Tr (EIN: 206408218) is a nonprofit organization based in Muncie, IN, classified under NTEE code B82. The organization reported total revenue of $1.5M and total assets of $2.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Dwight & Virginia Deen Schoeff Scholarship Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Dwight & Virginia Deen Schoeff Scholarship Tr is a mid-size nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $134K |
| Total Expenses | $147K |
| Surplus / Deficit | $-12,611 |
| Total Assets | $1.7M |
| Total Liabilities | $1 |
| Net Assets | $1.7M |
| Operating Margin | -9.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 139.7 months |
Financial Health Grade: B
In 2023, Dwight & Virginia Deen Schoeff Scholarship Tr reported a deficit of $13K with expenses exceeding revenue, holds 139.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Dwight & Virginia Deen Schoeff Scholarship Tr's revenue has grown at a compound annual growth rate (CAGR) of 4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +100.4% | -43.3% | -0.8% |
| 2022 | -69.1% | +63.8% | -10.0% |
| 2021 | +157.1% | +87.0% | +3.1% |
| 2020 | +7.9% | -34.0% | +-0.0% |
| 2019 | -53.6% | +4.9% | -6.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Dwight & Virginia Deen Schoeff Scholarship Tr with a Mission Score of 92 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: 95%
- fundraising: 0%
According to IRS 990 filings, Dwight & Virginia Deen Schoeff Scholarship Tr allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 deficit of $13K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently 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 efficient for a scholarship trust of its size.
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 Dwight & Virginia Deen Schoeff Scholarship Tr:
- Consistent zero officer compensation, indicating high efficiency and dedication to mission.
- Stable asset base over a decade (e.g., $1,710,419 in 2023, $2,054,206 in 2011), demonstrating sound financial management.
- Minimal liabilities (consistently $0 or $1), reflecting excellent financial health and control.
- Clear alignment between organization name, NTEE code, and financial activities.
- Strong program focus due to the nature of a scholarship trust with very low overhead.
Frequently Asked Questions about Dwight & Virginia Deen Schoeff Scholarship Tr
Is Dwight & Virginia Deen Schoeff Scholarship Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Dwight & Virginia Deen Schoeff Scholarship Tr (EIN: 206408218) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Dwight & Virginia Deen Schoeff Scholarship Tr spend its money?
Dwight & Virginia Deen Schoeff Scholarship Tr directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Dwight & Virginia Deen Schoeff Scholarship Tr tax-deductible?
Dwight & Virginia Deen Schoeff Scholarship Tr is registered as a tax-exempt nonprofit (EIN: 206408218). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Dwight & Virginia Deen Schoeff Scholarship Tr compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Dwight & Virginia Deen Schoeff Scholarship Tr 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 Dwight & Virginia Deen Schoeff Scholarship Tr located?
Dwight & Virginia Deen Schoeff Scholarship Tr is headquartered in Muncie, Indiana and files with the IRS under EIN 206408218. It is classified under NTEE code B82.
How many years of IRS 990 filings does Dwight & Virginia Deen Schoeff Scholarship Tr have?
Dwight & Virginia Deen Schoeff Scholarship Tr 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. The most recent filing shows $1.5M in total revenue.
Is Dwight & Virginia Deen Schoeff Scholarship Tr a good charity?
Based on its financial data, the Dwight & Virginia Deen Schoeff Scholarship Tr appears to be a very good charity. It consistently reports zero officer compensation, maintains stable assets, and has minimal liabilities, indicating a strong focus on its program services (scholarships) and efficient financial management.
How does the organization fund its scholarships?
As a scholarship trust with significant assets (e.g., $1,710,419 in 2023), it likely funds its scholarships primarily through investment income generated from its endowment, supplemented by any donations received. Its revenue figures (e.g., $134,275 in 2023) would represent this income.
What are the primary expenses of this organization?
Given its nature as a scholarship trust and the absence of officer compensation, the primary expenses would almost certainly be the scholarship awards themselves, along with minimal administrative costs for managing the trust and its investments.
Filing History
IRS 990 filing history for Dwight & Virginia Deen Schoeff Scholarship Tr showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Dwight & Virginia Deen Schoeff Scholarship Tr's revenue has grown by 61.3%, moving from $83K to $134K. Total assets decreased by 16.7% over the same period, from $2.1M to $1.7M. Total functional expenses rose by 23%, from $119K to $147K. In its most recent filing year (2023), Dwight & Virginia Deen Schoeff Scholarship Tr reported a deficit of $13K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $134K | $147K | $1.7M | $1 | — | View 990 |
| 2022 | $67K | $259K | $1.7M | $1 | — | View 990 |
| 2021 | $217K | $158K | $1.9M | $1 | — | View 990 |
| 2020 | $84K | $85K | $1.9M | $1 | — | — |
| 2019 | $78K | $128K | $1.9M | $1 | — | View 990 |
| 2015 | $168K | $122K | $2.0M | $0 | — | View 990 |
| 2014 | $123K | $136K | $1.9M | $0 | — | View 990 |
| 2013 | $103K | $141K | $2.0M | $0 | — | View 990 |
| 2012 | $75K | $130K | $2.0M | $1 | — | View 990 |
| 2011 | $83K | $119K | $2.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $134K, expenses of $147K, and assets of $1.7M (revenue +100.4% year-over-year).
- 2022: Revenue of $67K, expenses of $259K, and assets of $1.7M (revenue -69.1% year-over-year).
- 2021: Revenue of $217K, expenses of $158K, and assets of $1.9M (revenue +157.1% year-over-year).
- 2020: Revenue of $84K, expenses of $85K, and assets of $1.9M (revenue +7.9% year-over-year).
- 2019: Revenue of $78K, expenses of $128K, and assets of $1.9M (revenue -53.6% year-over-year).
- 2015: Revenue of $168K, expenses of $122K, and assets of $2.0M (revenue +37.2% year-over-year).
- 2014: Revenue of $123K, expenses of $136K, and assets of $1.9M (revenue +19.5% year-over-year).
- 2013: Revenue of $103K, expenses of $141K, and assets of $2.0M (revenue +37.1% year-over-year).
- 2012: Revenue of $75K, expenses of $130K, and assets of $2.0M (revenue -10.2% year-over-year).
- 2011: Revenue of $83K, expenses of $119K, and assets of $2.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Dwight & Virginia Deen Schoeff Scholarship Tr:
Data Sources and Methodology
This transparency report for Dwight & Virginia Deen Schoeff Scholarship Tr 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.