Famous Scholars
EIN: 842449517 · Valparaiso, IN · NTEE: N11
| Metric | Value |
|---|---|
| Total Revenue | $345K |
| Total Expenses | $206K |
| Net Assets | $24K |
Search Intent Cockpit
Famous Scholars Form 990, Revenue, CEO Pay, and IRS Filing Signals
Famous Scholars is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Famous Scholars in one place.
Form 990 Filing Summary
2 filing years are available, with latest revenue of $213K and expenses of $206K.
Revenue and Expenses
Famous Scholars reported $213K in revenue and $206K in expenses, a surplus of $7K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
Mission score and red-flag review are shown when AI enrichment is available.
Is Famous Scholars Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
Functional expense detail is not available on the stored filing yet. Existing program percentage and future extracted expense fields will populate this panel.
Across stored filings, Famous Scholars shows contribution history pending. Next enrichment targets: revenue-source fields, functional expense detail, IRS BMF classification, AI synthesis.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Insufficient Data | Limited filing record; no red flags identified |
| Mission spend | Pending | Unknown |
| Financial durability | Grade A | 2 stored filing years |
| Peer context | Compare with Sigma Kappa Sorority | Indiana and Category N context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
Compare against real state and category peers.
Compare with Sigma Kappa Sorority →All Indiana nonprofits
All Category N
Local and Sector Spokes
Move into this nonprofit's local market, category, and sector maps.
Valparaiso, IN nonprofitsCategory N in Indiana
Human Services in Indiana
Follow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
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Category N spending
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About Famous Scholars
Famous Scholars (EIN: 842449517) is a nonprofit organization based in Valparaiso, IN, classified under NTEE code N11. The organization reported total revenue of $345K and total assets of $39K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Famous Scholars's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Famous Scholars is a small nonprofit that has been operating for 7 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 48.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $213K |
| Total Expenses | $206K |
| Surplus / Deficit | +$7K |
| Total Assets | $24K |
| Net Assets | $24K |
| Operating Margin | 3.2% |
| Months of Reserves | 1.4 months |
Financial Health Grade: A
In 2023, Famous Scholars reported a surplus of $7K with revenue exceeding expenses, holds 1.4 months of operating reserves (limited).
Financial Trends
Over 2 years of filings (2022–2023), Famous Scholars's revenue has grown at a compound annual growth rate (CAGR) of 48.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +48.7% | +64.1% | +38.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Famous Scholars 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 Famous Scholars 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 surplus of $7K, with revenue exceeding expenses.
Frequently Asked Questions about Famous Scholars
Is Famous Scholars a legitimate charity?
Famous Scholars (EIN: 842449517) is a registered tax-exempt nonprofit based in Indiana. It has 2 years of IRS 990 filings on record. Total revenue: $345K. No red flags identified. Financial health grade: A.
How does Famous Scholars spend its money?
Famous Scholars reported $345K in total revenue in IRS 990 filings. 2 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Famous Scholars tax-deductible?
Famous Scholars is registered as a tax-exempt nonprofit (EIN: 842449517). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Famous Scholars located?
Famous Scholars is headquartered in Valparaiso, Indiana and files with the IRS under EIN 842449517. It is classified under NTEE code N11.
How many years of IRS 990 filings does Famous Scholars have?
Famous Scholars has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $345K in total revenue.
Filing History
IRS 990 filing history for Famous Scholars showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Famous Scholars's revenue has grown by 48.7%, moving from $143K to $213K. Total assets increased by 38.7% over the same period, from $18K to $24K. Total functional expenses rose by 64.1%, from $125K to $206K. In its most recent filing year (2023), Famous Scholars reported a surplus of $7K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $213K | $206K | $24K | $0 | — | View 990 |
| 2022 | $143K | $125K | $18K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Famous Scholars:
Data Sources and Methodology
This transparency report for Famous Scholars 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.