Eileen G Bailey Memorial Scholarship Fund
Eileen G Bailey Memorial Scholarship Fund's assets decline to $1 despite recent surplus.
EIN: 205134048 · Park City, UT · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $20K |
| Total Expenses | $5K |
| Program Spending | 90% |
| Net Assets | $1 |
| Transparency Score | 65/100 |
Is Eileen G Bailey Memorial Scholarship Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Eileen G Bailey Memorial Scholarship Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Eileen G Bailey Memorial Scholarship Fund
Eileen G Bailey Memorial Scholarship Fund (EIN: 205134048) is a nonprofit organization based in Park City, UT, classified under NTEE code B82. The organization reported total revenue of $20K and total assets of $1 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Eileen G Bailey Memorial Scholarship Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Eileen G Bailey Memorial Scholarship Fund is a micro nonprofit that has been operating for 19 years, with 8 years of IRS 990 filings on record (2011–2018). Revenue has grown at a compound annual rate of -1.6%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $20K |
| Total Expenses | $5K |
| Surplus / Deficit | +$15K |
| Total Assets | $1 |
| Net Assets | $1 |
| Operating Margin | 75.0% |
| Months of Reserves | 0.0 months |
Financial Health Grade: A
In 2018, Eileen G Bailey Memorial Scholarship Fund reported a surplus of $15K with revenue exceeding expenses, holds 0.0 months of operating reserves (limited).
Financial Trends
Over 8 years of filings (2011–2018), Eileen G Bailey Memorial Scholarship Fund's revenue has declined at a compound annual growth rate (CAGR) of -1.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | +80.6% | -67.8% | -100.0% |
| 2017 | -40.8% | +4.2% | -13.0% |
| 2016 | -44.9% | -13.3% | +12.5% |
| 2015 | +262.3% | +6.8% | +122.7% |
| 2014 | -32.6% | -59.9% | -32.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
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 Eileen G Bailey Memorial Scholarship Fund with a Mission Score of 65 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, Eileen G Bailey Memorial Scholarship Fund 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 (2018)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $15K, with revenue exceeding expenses.
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly efficient for an organization of this 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.
Red Flags
The following concerns were identified during AI analysis of Eileen G Bailey Memorial Scholarship Fund's IRS 990 filings:
- Drastic decline in assets to $1 in the latest filing (201812) from $46,295 in 2012.
- Significant volatility in annual revenue and expenses over the filing history.
Strengths
The following positive indicators were identified for Eileen G Bailey Memorial Scholarship Fund:
- Consistent filing of IRS Form 990s over eight periods, demonstrating transparency.
- Zero officer compensation reported across all filings, indicating volunteer leadership and efficient use of funds.
- No reported liabilities across all filing periods, suggesting fiscal responsibility.
- Positive net income in the most recent filing (201812), with revenue of $20,225 exceeding expenses of $5,050.
Frequently Asked Questions about Eileen G Bailey Memorial Scholarship Fund
Is Eileen G Bailey Memorial Scholarship Fund a legitimate charity?
Eileen G Bailey Memorial Scholarship Fund (EIN: 205134048) is a registered tax-exempt nonprofit based in Utah. Our AI analysis gives it a Mission Score of 65/100. It has 8 years of IRS 990 filings on record. Total revenue: $20K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Eileen G Bailey Memorial Scholarship Fund spend its money?
Eileen G Bailey Memorial Scholarship Fund directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Eileen G Bailey Memorial Scholarship Fund tax-deductible?
Eileen G Bailey Memorial Scholarship Fund is registered as a tax-exempt nonprofit (EIN: 205134048). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Eileen G Bailey Memorial Scholarship Fund compare to similar nonprofits?
With a transparency score of 65/100 (Good), Eileen G Bailey Memorial Scholarship Fund 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 Eileen G Bailey Memorial Scholarship Fund located?
Eileen G Bailey Memorial Scholarship Fund is headquartered in Park City, Utah and files with the IRS under EIN 205134048. It is classified under NTEE code B82.
How many years of IRS 990 filings does Eileen G Bailey Memorial Scholarship Fund have?
Eileen G Bailey Memorial Scholarship Fund has 8 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 $20K in total revenue.
Why have the organization's assets decreased from $46,295 in 2012 to $1 in 2018?
The filings do not provide a specific reason for the drastic decline in assets. This could be due to significant scholarship disbursements, a transfer of funds, or other financial activities not detailed in the summary data.
Is the Eileen G Bailey Memorial Scholarship Fund financially stable for the long term?
With assets reported at $1 in the latest filing, the organization's long-term financial stability is highly questionable, despite a positive net income in the most recent period. A robust asset base is typically crucial for sustained operations and program delivery.
What percentage of expenses goes directly to scholarships?
The provided data only gives total expenses. Without a detailed breakdown of expenses, it's impossible to determine the exact percentage allocated directly to scholarships versus administrative costs. However, given the NTEE code and low overall expenses, it's likely a significant portion.
Filing History
IRS 990 filing history for Eileen G Bailey Memorial Scholarship Fund showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2018), Eileen G Bailey Memorial Scholarship Fund's revenue has declined by 10.9%, moving from $23K to $20K. Total assets decreased by 100% over the same period, from $34K to $1. Total functional expenses fell by 91%, from $56K to $5K. In its most recent filing year (2018), Eileen G Bailey Memorial Scholarship Fund reported a surplus of $15K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $20K | $5K | $1 | $0 | — | View 990 |
| 2017 | $11K | $16K | $30K | $0 | — | View 990 |
| 2016 | $19K | $15K | $35K | $0 | — | View 990 |
| 2015 | $34K | $17K | $31K | $0 | — | View 990 |
| 2014 | $9K | $16K | $14K | $0 | — | View 990 |
| 2013 | $14K | $41K | $20K | $0 | — | View 990 |
| 2012 | $59K | $47K | $46K | $0 | — | View 990 |
| 2011 | $23K | $56K | $34K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $20K, expenses of $5K, and assets of $1 (revenue +80.6% year-over-year).
- 2017: Revenue of $11K, expenses of $16K, and assets of $30K (revenue -40.8% year-over-year).
- 2016: Revenue of $19K, expenses of $15K, and assets of $35K (revenue -44.9% year-over-year).
- 2015: Revenue of $34K, expenses of $17K, and assets of $31K (revenue +262.3% year-over-year).
- 2014: Revenue of $9K, expenses of $16K, and assets of $14K (revenue -32.6% year-over-year).
- 2013: Revenue of $14K, expenses of $41K, and assets of $20K (revenue -76.3% year-over-year).
- 2012: Revenue of $59K, expenses of $47K, and assets of $46K (revenue +161.5% year-over-year).
- 2011: Revenue of $23K, expenses of $56K, and assets of $34K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Eileen G Bailey Memorial Scholarship Fund:
Data Sources and Methodology
This transparency report for Eileen G Bailey Memorial 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.