Ernest Bradstreet Scholarship Fund
Ernest Bradstreet Scholarship Fund consistently operates with volunteer leadership and stable assets, often spending more than it earns annually.
EIN: 10532830 · Bangor, ME · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4K |
| Total Expenses | $4K |
| Program Spending | 95% |
| Net Assets | $46K |
| Transparency Score | 85/100 |
Is Ernest Bradstreet Scholarship Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ernest Bradstreet Scholarship Fund directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ernest Bradstreet Scholarship Fund
Ernest Bradstreet Scholarship Fund (EIN: 10532830) is a nonprofit organization based in Bangor, ME, classified under NTEE code B82. The organization reported total revenue of $4K and total assets of $46K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ernest Bradstreet Scholarship Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ernest Bradstreet Scholarship Fund is a micro nonprofit that has been operating for 24 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 7.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $5K |
| Total Expenses | $4K |
| Surplus / Deficit | +$301 |
| Total Assets | $46K |
| Total Liabilities | $1 |
| Net Assets | $46K |
| Operating Margin | 6.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 124.2 months |
Financial Health Grade: A
In 2024, Ernest Bradstreet Scholarship Fund reported a surplus of $301 with revenue exceeding expenses, holds 124.2 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 (2012–2024), Ernest Bradstreet Scholarship Fund's revenue has grown at a compound annual growth rate (CAGR) of 7.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +144.4% | -26.5% | +0.7% |
| 2023 | -60.7% | +0.1% | -8.2% |
| 2022 | -31.5% | -0.8% | -2.2% |
| 2021 | +93.0% | -26.8% | +2.3% |
| 2020 | +83.5% | +40.8% | -3.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
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 Ernest Bradstreet Scholarship Fund with a Mission Score of 85 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, Ernest Bradstreet Scholarship Fund 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $301, with revenue exceeding expenses.
- 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 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 Ernest Bradstreet Scholarship Fund's IRS 990 filings:
- Consistent decline in total assets over the past decade (from $63,357 in 2012 to $46,282 in 2024)
- Expenses frequently exceed annual revenue, indicating reliance on asset drawdowns (e.g., 202306: Revenue=$1,953, Expenses=$6,083)
Strengths
The following positive indicators were identified for Ernest Bradstreet Scholarship Fund:
- 100% volunteer leadership with 0% officer compensation reported across all filings, maximizing funds for programs.
- Extremely low liabilities, consistently reported as $1, indicating strong financial management and minimal debt.
- Strong program focus, with virtually all expenses likely directed towards scholarships given the nature of the organization and lack of fundraising/admin costs.
- Consistent IRS 990 filing history over a decade, demonstrating transparency and compliance.
Frequently Asked Questions about Ernest Bradstreet Scholarship Fund
Is Ernest Bradstreet Scholarship Fund a legitimate charity?
Ernest Bradstreet Scholarship Fund (EIN: 10532830) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $4K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Ernest Bradstreet Scholarship Fund spend its money?
Ernest Bradstreet Scholarship Fund directs 95% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Ernest Bradstreet Scholarship Fund tax-deductible?
Ernest Bradstreet Scholarship Fund is registered as a tax-exempt nonprofit (EIN: 10532830). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Ernest Bradstreet Scholarship Fund compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Ernest Bradstreet 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 Ernest Bradstreet Scholarship Fund located?
Ernest Bradstreet Scholarship Fund is headquartered in Bangor, Maine and files with the IRS under EIN 10532830. It is classified under NTEE code B82.
How many years of IRS 990 filings does Ernest Bradstreet Scholarship Fund have?
Ernest Bradstreet Scholarship Fund 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 $4K in total revenue.
How does the Ernest Bradstreet Scholarship Fund sustain its operations given that expenses frequently exceed revenue?
The fund appears to sustain its operations by drawing from its asset base (endowment), as evidenced by the consistent decline in assets from $63,357 in 2012 to $46,282 in 2024, while expenses often outpace annual revenue.
What is the primary source of the fund's revenue?
While specific sources aren't detailed in the provided data, given its nature as a scholarship fund, revenue likely comes from investment income on its assets and potentially small donations, as indicated by fluctuating annual revenues (e.g., $1,953 in 2023 to $7,262 in 2021).
Is the Ernest Bradstreet Scholarship Fund transparent with its financial reporting?
The consistent filing of IRS Form 990s over a decade, with detailed revenue, expense, and asset figures, suggests a good level of financial transparency for an organization of its size.
Filing History
IRS 990 filing history for Ernest Bradstreet Scholarship Fund showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Ernest Bradstreet Scholarship Fund's revenue has grown by 143.8%, moving from $2K to $5K. Total assets decreased by 27% over the same period, from $63K to $46K. Total functional expenses fell by 10.7%, from $5K to $4K. In its most recent filing year (2024), Ernest Bradstreet Scholarship Fund reported a surplus of $301, with revenue exceeding expenses. The organization holds $1 in liabilities against $46K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $46K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $5K | $4K | $46K | $1 | — | — |
| 2023 | $2K | $6K | $46K | $1 | — | — |
| 2022 | $5K | $6K | $50K | $1 | — | View 990 |
| 2021 | $7K | $6K | $51K | $1 | — | — |
| 2020 | $4K | $8K | $50K | $1 | — | View 990 |
| 2016 | $2K | $6K | $52K | $1 | — | View 990 |
| 2015 | $2K | $6K | $56K | $1 | — | View 990 |
| 2014 | $4K | $5K | $59K | $1 | — | View 990 |
| 2013 | $3K | $5K | $61K | $1 | — | View 990 |
| 2012 | $2K | $5K | $63K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $5K, expenses of $4K, and assets of $46K (revenue +144.4% year-over-year).
- 2023: Revenue of $2K, expenses of $6K, and assets of $46K (revenue -60.7% year-over-year).
- 2022: Revenue of $5K, expenses of $6K, and assets of $50K (revenue -31.5% year-over-year).
- 2021: Revenue of $7K, expenses of $6K, and assets of $51K (revenue +93.0% year-over-year).
- 2020: Revenue of $4K, expenses of $8K, and assets of $50K (revenue +83.5% year-over-year).
- 2016: Revenue of $2K, expenses of $6K, and assets of $52K (revenue -8.2% year-over-year).
- 2015: Revenue of $2K, expenses of $6K, and assets of $56K (revenue -37.7% year-over-year).
- 2014: Revenue of $4K, expenses of $5K, and assets of $59K (revenue +38.9% year-over-year).
- 2013: Revenue of $3K, expenses of $5K, and assets of $61K (revenue +31.8% year-over-year).
- 2012: Revenue of $2K, expenses of $5K, and assets of $63K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ernest Bradstreet Scholarship Fund:
Data Sources and Methodology
This transparency report for Ernest Bradstreet 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.