Edith M Daso Scholaship Trust U/W
Edith M Daso Scholarship Trust consistently directs funds to scholarships with no officer compensation.
EIN: 16057578 · Ellsworth, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $14K |
| Total Expenses | $2K |
| Program Spending | 95% |
| Net Assets | $39K |
| Transparency Score | 90/100 |
Is Edith M Daso Scholaship Trust U/W Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Edith M Daso Scholaship Trust U/W directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Edith M Daso Scholaship Trust U/W
Edith M Daso Scholaship Trust U/W (EIN: 16057578) is a nonprofit organization based in Ellsworth, ME. The organization reported total revenue of $14K and total assets of $37K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Edith M Daso Scholaship Trust U/W's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Edith M Daso Scholaship Trust U/W is a micro nonprofit that has been operating for 49 years, with 7 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of 2.4%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $6K |
| Total Expenses | $2K |
| Surplus / Deficit | +$3K |
| Total Assets | $39K |
| Total Liabilities | $1 |
| Net Assets | $39K |
| Operating Margin | 58.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 205.9 months |
Financial Health Grade: A
In 2020, Edith M Daso Scholaship Trust U/W reported a surplus of $3K with revenue exceeding expenses, holds 205.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 7 years of filings (2011–2020), Edith M Daso Scholaship Trust U/W's revenue has grown at a compound annual growth rate (CAGR) of 2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | +150.1% | +14.5% | +8.9% |
| 2019 | +42.1% | -35.4% | -19.8% |
| 2014 | -127.0% | -0.8% | -7.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1977 |
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 Edith M Daso Scholaship Trust U/W with a Mission Score of 90 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, Edith M Daso Scholaship Trust U/W 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 (2020)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that no executives or officers are paid, which is excellent for a small trust focused on direct scholarship distribution.
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 Edith M Daso Scholaship Trust U/W:
- Zero officer compensation reported across all filings.
- Consistently low expenses relative to revenue and assets.
- Strong program focus as a scholarship trust.
- Regular and transparent IRS 990 filings.
Frequently Asked Questions about Edith M Daso Scholaship Trust U/W
Is Edith M Daso Scholaship Trust U/W a legitimate charity?
Edith M Daso Scholaship Trust U/W (EIN: 16057578) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 90/100. It has 7 years of IRS 990 filings on record. Total revenue: $14K. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Edith M Daso Scholaship Trust U/W spend its money?
Edith M Daso Scholaship Trust U/W directs 95% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Edith M Daso Scholaship Trust U/W tax-deductible?
Edith M Daso Scholaship Trust U/W is registered as a tax-exempt nonprofit (EIN: 16057578). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Edith M Daso Scholaship Trust U/W located?
Edith M Daso Scholaship Trust U/W is headquartered in Ellsworth, Maine and files with the IRS under EIN 16057578.
How many years of IRS 990 filings does Edith M Daso Scholaship Trust U/W have?
Edith M Daso Scholaship Trust U/W has 7 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 $14K in total revenue.
Is Edith M Daso Scholarship Trust U/W a good charity?
Yes, based on the available data, the Edith M Daso Scholarship Trust U/W appears to be a good charity. It consistently reports 0% officer compensation, has very low expenses relative to its revenue and assets, and its primary function is to provide scholarships, indicating a strong program focus.
How has the trust's asset base changed over time?
The trust's assets have gradually decreased from $57,999 in 2011 to $37,270 currently. This trend is typical for scholarship trusts that distribute funds from their principal over time.
What is the organization's approach to administrative costs?
The organization demonstrates a highly efficient approach to administrative costs, with consistently low expenses and no reported officer compensation, ensuring that the vast majority of funds are available for its scholarship program.
Filing History
IRS 990 filing history for Edith M Daso Scholaship Trust U/W showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2020), Edith M Daso Scholaship Trust U/W's revenue has grown by 23.6%, moving from $5K to $6K. Total assets decreased by 32.1% over the same period, from $58K to $39K. Total functional expenses fell by 45.2%, from $4K to $2K. In its most recent filing year (2020), Edith M Daso Scholaship Trust U/W reported a surplus of $3K, with revenue exceeding expenses. The organization holds $1 in liabilities against $39K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $39K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $6K | $2K | $39K | $1 | — | View 990 |
| 2019 | $2K | $2K | $36K | $0 | — | View 990 |
| 2015 | $2K | $3K | $45K | $0 | — | View 990 |
| 2014 | $-286 | $4K | $47K | $0 | — | View 990 |
| 2013 | $1K | $4K | $51K | $0 | — | View 990 |
| 2012 | $-393 | $4K | $53K | $0 | — | View 990 |
| 2011 | $5K | $4K | $58K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $6K, expenses of $2K, and assets of $39K (revenue +150.1% year-over-year).
- 2019: Revenue of $2K, expenses of $2K, and assets of $36K (revenue +42.1% year-over-year).
- 2015: Revenue of $2K, expenses of $3K, and assets of $45K.
- 2014: Revenue of $-286, expenses of $4K, and assets of $47K (revenue -127.0% year-over-year).
- 2013: Revenue of $1K, expenses of $4K, and assets of $51K.
- 2012: Revenue of $-393, expenses of $4K, and assets of $53K (revenue -108.7% year-over-year).
- 2011: Revenue of $5K, expenses of $4K, and assets of $58K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Edith M Daso Scholaship Trust U/W:
Data Sources and Methodology
This transparency report for Edith M Daso Scholaship Trust U/W 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.