Easy Tedeton Memorial Scholarship Foundation
Small scholarship foundation consistently spends more than it earns, depleting assets.
EIN: 205297277 · West Monroe, LA · NTEE: T20 · Updated: 2026-03-28
Is Easy Tedeton Memorial Scholarship Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Easy Tedeton Memorial Scholarship Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Easy Tedeton Memorial Scholarship Foundation
Easy Tedeton Memorial Scholarship Foundation (EIN: 205297277) is a nonprofit organization based in West Monroe, LA, classified under NTEE code T20. The organization reported total revenue of $16K and total assets of $1K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Easy Tedeton Memorial Scholarship Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Easy Tedeton Memorial Scholarship Foundation 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: 85%
- fundraising: 5%
According to IRS 990 filings, Easy Tedeton Memorial Scholarship Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating a volunteer-led organization that directs all available funds to its mission rather than administrative salaries.
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 Easy Tedeton Memorial Scholarship Foundation's IRS 990 filings:
- Consistent operating deficits (expenses exceeding revenue) in recent years, such as in 2024 ($14,630 expenses vs. $13,700 revenue).
- Significant decline in assets from $24,772 in 2013 to $625 in 2024, indicating depletion of reserves.
Strengths
The following positive indicators were identified for Easy Tedeton Memorial Scholarship Foundation:
- 0% officer compensation reported across all filings, demonstrating a strong commitment to program spending and volunteer leadership.
- Minimal liabilities reported ($1 across all filings), indicating no significant debt burden.
Frequently Asked Questions about Easy Tedeton Memorial Scholarship Foundation
Is Easy Tedeton Memorial Scholarship Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Easy Tedeton Memorial Scholarship Foundation (EIN: 205297277) some concerns. Mission Score: 70/100. 2 red flags identified, 2 strengths noted.
How does Easy Tedeton Memorial Scholarship Foundation spend its money?
Easy Tedeton Memorial Scholarship Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Easy Tedeton Memorial Scholarship Foundation tax-deductible?
Easy Tedeton Memorial Scholarship Foundation is registered as a tax-exempt nonprofit (EIN: 205297277). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Easy Tedeton Memorial Scholarship Foundation financially sustainable?
The foundation has consistently reported expenses exceeding revenue in recent years (e.g., $14,630 expenses vs. $13,700 revenue in 2024), and its assets have significantly declined from $24,772 in 2013 to $625 in 2024. This trend suggests potential long-term sustainability challenges if not addressed.
How does the foundation manage its administrative costs?
The foundation appears to manage administrative costs very efficiently, as evidenced by 0% officer compensation reported across all available filings, indicating a volunteer-driven leadership structure.
What is the trend in the foundation's asset base?
The foundation's asset base has shown a significant downward trend, decreasing from a high of $24,772 in 2013 to just $625 in the latest 2024 filing.
Filing History
IRS 990 filing history for Easy Tedeton Memorial Scholarship Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2012–2024), Easy Tedeton Memorial Scholarship Foundation's revenue has declined by 77.5%, moving from $61K to $14K. Total assets decreased by 93.9% over the same period, from $10K to $625. Total functional expenses fell by 74.6%, from $58K to $15K. In its most recent filing year (2024), Easy Tedeton Memorial Scholarship Foundation reported a deficit of $930, with expenses exceeding revenue. The organization holds $1 in liabilities against $625 in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $624.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $14K | $15K | $625 | $1 | — | — |
| 2023 | $18K | $19K | $2K | $1 | — | — |
| 2022 | $21K | $27K | $2K | $1 | — | — |
| 2021 | $13K | $16K | $8K | $1 | — | — |
| 2020 | $20K | $15K | $11K | $1 | — | — |
| 2019 | $17K | $18K | $6K | $1 | — | View 990 |
| 2016 | $40K | $48K | $12K | $1 | — | View 990 |
| 2015 | $70K | $58K | $20K | $1 | — | View 990 |
| 2014 | $45K | $61K | $8K | $1 | — | View 990 |
| 2013 | $65K | $50K | $25K | $1 | — | View 990 |
| 2012 | $61K | $58K | $10K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $14K, expenses of $15K, and assets of $625 (revenue -25.1% year-over-year).
- 2023: Revenue of $18K, expenses of $19K, and assets of $2K (revenue -13.7% year-over-year).
- 2022: Revenue of $21K, expenses of $27K, and assets of $2K (revenue +63.1% year-over-year).
- 2021: Revenue of $13K, expenses of $16K, and assets of $8K (revenue -35.0% year-over-year).
- 2020: Revenue of $20K, expenses of $15K, and assets of $11K (revenue +14.9% year-over-year).
- 2019: Revenue of $17K, expenses of $18K, and assets of $6K (revenue -56.5% year-over-year).
- 2016: Revenue of $40K, expenses of $48K, and assets of $12K (revenue -42.9% year-over-year).
- 2015: Revenue of $70K, expenses of $58K, and assets of $20K (revenue +55.6% year-over-year).
- 2014: Revenue of $45K, expenses of $61K, and assets of $8K (revenue -30.8% year-over-year).
- 2013: Revenue of $65K, expenses of $50K, and assets of $25K (revenue +6.9% year-over-year).
- 2012: Revenue of $61K, expenses of $58K, and assets of $10K.
Data Sources and Methodology
This transparency report for Easy Tedeton Memorial 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.