Elsie Miller Palmer And Ben A Mil Ler Scholarship Trust
EIN: 421189787 · Cedar Falls, IA
| Metric | Value |
|---|---|
| Total Revenue | $2K |
| Total Expenses | $6K |
| Net Assets | $115K |
Is Elsie Miller Palmer And Ben A Mil Ler Scholarship Trust Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Elsie Miller Palmer And Ben A Mil Ler Scholarship Trust
Elsie Miller Palmer And Ben A Mil Ler Scholarship Trust (EIN: 421189787) is a nonprofit organization based in Cedar Falls, IA. The organization reported total revenue of $2K and total assets of $110K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Elsie Miller Palmer And Ben A Mil Ler Scholarship Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Elsie Miller Palmer And Ben A Mil Ler Scholarship Trust is a micro nonprofit that has been operating for 43 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -10.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $970 |
| Total Expenses | $6K |
| Surplus / Deficit | $-4,678 |
| Total Assets | $115K |
| Total Liabilities | $1 |
| Net Assets | $115K |
| Operating Margin | -482.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 244.3 months |
Financial Health Grade: B
In 2023, Elsie Miller Palmer And Ben A Mil Ler Scholarship Trust reported a deficit of $5K with expenses exceeding revenue, holds 244.3 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), Elsie Miller Palmer And Ben A Mil Ler Scholarship Trust's revenue has declined at a compound annual growth rate (CAGR) of -10.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -14.4% | -15.2% | -3.9% |
| 2022 | +9.7% | -3.0% | -4.4% |
| 2021 | -51.7% | -5.4% | -4.5% |
| 2020 | -23.4% | +5.3% | -3.8% |
| 2019 | +58.9% | -57.6% | -14.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Elsie Miller Palmer And Ben A Mil Ler Scholarship Trust has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Elsie Miller Palmer And Ben A Mil Ler Scholarship Trust with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $5K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Elsie Miller Palmer And Ben A Mil Ler Scholarship Trust
Is Elsie Miller Palmer And Ben A Mil Ler Scholarship Trust a legitimate charity?
Elsie Miller Palmer And Ben A Mil Ler Scholarship Trust (EIN: 421189787) is a registered tax-exempt nonprofit based in Iowa. It has 10 years of IRS 990 filings on record. Total revenue: $2K. No red flags identified. Financial health grade: B.
How does Elsie Miller Palmer And Ben A Mil Ler Scholarship Trust spend its money?
Elsie Miller Palmer And Ben A Mil Ler Scholarship Trust reported $2K in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Elsie Miller Palmer And Ben A Mil Ler Scholarship Trust tax-deductible?
Elsie Miller Palmer And Ben A Mil Ler Scholarship Trust is registered as a tax-exempt nonprofit (EIN: 421189787). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Elsie Miller Palmer And Ben A Mil Ler Scholarship Trust located?
Elsie Miller Palmer And Ben A Mil Ler Scholarship Trust is headquartered in Cedar Falls, Iowa and files with the IRS under EIN 421189787.
How many years of IRS 990 filings does Elsie Miller Palmer And Ben A Mil Ler Scholarship Trust have?
Elsie Miller Palmer And Ben A Mil Ler Scholarship Trust 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 $2K in total revenue.
Filing History
IRS 990 filing history for Elsie Miller Palmer And Ben A Mil Ler Scholarship Trust showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Elsie Miller Palmer And Ben A Mil Ler Scholarship Trust's revenue has declined by 72.5%, moving from $4K to $970. Total assets decreased by 37.8% over the same period, from $185K to $115K. Total functional expenses fell by 31.9%, from $8K to $6K. In its most recent filing year (2023), Elsie Miller Palmer And Ben A Mil Ler Scholarship Trust reported a deficit of $5K, with expenses exceeding revenue. The organization holds $1 in liabilities against $115K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $115K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $970 | $6K | $115K | $1 | — | — |
| 2022 | $1K | $7K | $120K | $1 | — | View 990 |
| 2021 | $1K | $7K | $125K | $1 | — | — |
| 2020 | $2K | $7K | $131K | $1 | — | — |
| 2019 | $3K | $7K | $136K | $1 | — | View 990 |
| 2015 | $2K | $16K | $159K | $1 | — | View 990 |
| 2014 | $2K | $10K | $173K | $1 | — | View 990 |
| 2013 | $2K | $4K | $182K | $1 | — | View 990 |
| 2012 | $3K | $4K | $184K | $1 | — | View 990 |
| 2011 | $4K | $8K | $185K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $970, expenses of $6K, and assets of $115K (revenue -14.4% year-over-year).
- 2022: Revenue of $1K, expenses of $7K, and assets of $120K (revenue +9.7% year-over-year).
- 2021: Revenue of $1K, expenses of $7K, and assets of $125K (revenue -51.7% year-over-year).
- 2020: Revenue of $2K, expenses of $7K, and assets of $131K (revenue -23.4% year-over-year).
- 2019: Revenue of $3K, expenses of $7K, and assets of $136K (revenue +58.9% year-over-year).
- 2015: Revenue of $2K, expenses of $16K, and assets of $159K (revenue -5.2% year-over-year).
- 2014: Revenue of $2K, expenses of $10K, and assets of $173K (revenue -20.4% year-over-year).
- 2013: Revenue of $2K, expenses of $4K, and assets of $182K (revenue -13.2% year-over-year).
- 2012: Revenue of $3K, expenses of $4K, and assets of $184K (revenue -23.8% year-over-year).
- 2011: Revenue of $4K, expenses of $8K, and assets of $185K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Elsie Miller Palmer And Ben A Mil Ler Scholarship Trust:
Data Sources and Methodology
This transparency report for Elsie Miller Palmer And Ben A Mil Ler Scholarship Trust 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.