First State Constitutional Scholarship Foundation
First State Constitutional Scholarship Foundation: Minimal Activity, Significant Asset Decline
EIN: 222852641 · Dover, DE · NTEE: B82 · Updated: 2026-04-04
Is First State Constitutional Scholarship Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About First State Constitutional Scholarship Foundation
First State Constitutional Scholarship Foundation (EIN: 222852641) is a nonprofit organization based in Dover, DE, classified under NTEE code B82. The organization reported total revenue of $3K and total assets of $1 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of First State Constitutional Scholarship Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
First State Constitutional Scholarship Foundation is a micro nonprofit that has been operating for 12 years, with 7 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 16.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3K |
| Total Expenses | $0 |
| Surplus / Deficit | +$3K |
| Total Assets | $1 |
| Total Liabilities | $1 |
| Net Assets | $0 |
| Operating Margin | 100.0% |
| Debt-to-Asset Ratio | 100.0% |
Financial Health Grade: B
In 2023, First State Constitutional Scholarship Foundation reported a surplus of $3K with revenue exceeding expenses, has a debt-to-asset ratio of 100.0% (high leverage).
Financial Trends
Over 7 years of filings (2014–2023), First State Constitutional Scholarship Foundation's revenue has grown at a compound annual growth rate (CAGR) of 16.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +281300.0% | — | +0.0% |
| 2022 | -99.8% | -100.0% | +0.0% |
| 2021 | -86.1% | +0.0% | +0.0% |
| 2020 | -11.3% | -76.6% | +0.0% |
| 2019 | +301.7% | -33.6% | -100.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2014 |
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 First State Constitutional Scholarship Foundation with a Mission Score of 20 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, First State Constitutional Scholarship Foundation allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 100.0%.
Executive Compensation Analysis
Executive compensation is not reported in the provided data, with all functional expenses consistently listed as $1, suggesting no significant compensation.
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 First State Constitutional Scholarship Foundation's IRS 990 filings:
- The organization consistently reports 0% for all spending categories (programs, admin, fundraising), which is highly unusual for an active nonprofit.
- Total assets have drastically declined from $166,189 in 2014 to $1 in 2023, raising concerns about financial viability and purpose.
- The 'x' value (expenses) is consistently $0 or $1 across multiple years, despite varying revenue, indicating very little operational activity.
- The mission score is low due to the lack of reported program spending and the significant decline in assets without clear explanation.
Strengths
The following positive indicators were identified for First State Constitutional Scholarship Foundation:
- The organization consistently reports very low functional expenses, indicating minimal overhead costs.
Frequently Asked Questions about First State Constitutional Scholarship Foundation
Is First State Constitutional Scholarship Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, First State Constitutional Scholarship Foundation (EIN: 222852641) significant concerns. Mission Score: 20/100. 4 red flags identified, 1 strength noted.
How does First State Constitutional Scholarship Foundation spend its money?
Detailed spending breakdown data is not yet available for First State Constitutional Scholarship Foundation. Check back for updated IRS 990 analysis.
Are donations to First State Constitutional Scholarship Foundation tax-deductible?
First State Constitutional Scholarship Foundation is registered as a tax-exempt nonprofit (EIN: 222852641). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does First State Constitutional Scholarship Foundation do?
First State Constitutional Scholarship Foundation is a nonprofit organization in the Education sector, located in Dover, Delaware. It is classified under NTEE code B82.
How much revenue does First State Constitutional Scholarship Foundation have?
First State Constitutional Scholarship Foundation reported total revenue of $2,814. Based on 7 IRS 990 filings on record.
What are First State Constitutional Scholarship Foundation's total assets?
First State Constitutional Scholarship Foundation holds total assets of $1 as reported in IRS 990 filings.
Where is First State Constitutional Scholarship Foundation located?
First State Constitutional Scholarship Foundation is based in Dover, Delaware.
What is First State Constitutional Scholarship Foundation's EIN?
First State Constitutional Scholarship Foundation's Employer Identification Number (EIN) is 222852641. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is First State Constitutional Scholarship Foundation?
First State Constitutional Scholarship Foundation is classified under NTEE code B82 (Education).
Is First State Constitutional Scholarship Foundation a registered 501(c)(3)?
Yes, First State Constitutional Scholarship Foundation is recognized as a tax-exempt organization by the IRS. EIN: 222852641.
Does First State Constitutional Scholarship Foundation file IRS Form 990?
Yes, First State Constitutional Scholarship Foundation has 7 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was First State Constitutional Scholarship Foundation's revenue in 2023?
In the 202312 filing period, First State Constitutional Scholarship Foundation reported total revenue of $2,814, total expenses of N/A, and net assets of $1.
Is First State Constitutional Scholarship Foundation's revenue growing or declining?
First State Constitutional Scholarship Foundation's revenue is growing. Revenue went from $1 (202212) to $2,814 (202312), a +281300.0% change. Based on 7 filings on record.
What is First State Constitutional Scholarship Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for First State Constitutional Scholarship Foundation covers tax period 202312. It shows revenue of $2,814, expenses of N/A, total assets of $1, and liabilities of $1.
Is First State Constitutional Scholarship Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, First State Constitutional Scholarship Foundation has notable concerns. Mission Score: 20/100 (Poor). 4 red flags identified. 1 strength noted.
What are the red flags for First State Constitutional Scholarship Foundation?
The following concerns were identified: The organization consistently reports 0% for all spending categories (programs, admin, fundraising), which is highly unusual for an active nonprofit.. Total assets have drastically declined from $166,189 in 2014 to $1 in 2023, raising concerns about financial viability and purpose.. The 'x' value (expenses) is consistently $0 or $1 across multiple years, despite varying revenue, indicating very little operational activity.. The mission score is low due to the lack of reported program spending and the significant decline in assets without clear explanation.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are First State Constitutional Scholarship Foundation's strengths?
Positive indicators for First State Constitutional Scholarship Foundation include: The organization consistently reports very low functional expenses, indicating minimal overhead costs.. These findings are derived from AI analysis of the organization's financial filings.
How does First State Constitutional Scholarship Foundation compensate executives?
Executive compensation is not reported in the provided data, with all functional expenses consistently listed as $1, suggesting no significant compensation. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of $0 or $1 for all functional expenses and the drastic decline in assets, what is the current operational status and primary activity of the First State Constitutional Scholarship Foundation?
The data suggests the organization is largely inactive or operating at an extremely minimal level, with no significant program spending or administrative overhead reported in recent years. The substantial asset decline further supports a conclusion of dormancy or winding down.
How did the organization's assets decrease from $166,189 in 2014 to $1 in 2023, and what happened to the funds?
The provided data does not specify the reasons for the asset decline. Without detailed financial statements, it's impossible to determine if assets were spent on unclassified expenses, transferred, or lost in value. The consistent $0 or $1 expense reporting makes it unlikely the assets were spent on programs or operations as typically defined.
Filing History
IRS 990 filing history for First State Constitutional Scholarship Foundation showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2014–2023), First State Constitutional Scholarship Foundation's revenue has grown by 303.7%, moving from $697 to $3K. Total assets decreased by 100% over the same period, from $166K to $1. Total functional expenses fell by 100%, from $14K to $0. The organization holds $1 in liabilities against $1 in assets (debt-to-asset ratio: 100.0%), resulting in net assets of $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3K | $0 | $1 | $1 | — | — |
| 2022 | $1 | $0 | $1 | $1 | — | — |
| 2021 | $419 | $2K | $1 | $1 | — | View 990 |
| 2020 | $3K | $2K | $1 | $1 | — | — |
| 2019 | $3K | $7K | $1 | $1 | — | View 990 |
| 2015 | $845 | $10K | $157K | $1 | — | View 990 |
| 2014 | $697 | $14K | $166K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3K, expenses of $0, and assets of $1 (revenue +281300.0% year-over-year).
- 2022: Revenue of $1, expenses of $0, and assets of $1 (revenue -99.8% year-over-year).
- 2021: Revenue of $419, expenses of $2K, and assets of $1 (revenue -86.1% year-over-year).
- 2020: Revenue of $3K, expenses of $2K, and assets of $1 (revenue -11.3% year-over-year).
- 2019: Revenue of $3K, expenses of $7K, and assets of $1 (revenue +301.7% year-over-year).
- 2015: Revenue of $845, expenses of $10K, and assets of $157K (revenue +21.2% year-over-year).
- 2014: Revenue of $697, expenses of $14K, and assets of $166K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for First State Constitutional Scholarship Foundation:
Data Sources and Methodology
This transparency report for First State Constitutional Scholarship Foundation 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.