Fleck Scholarship Fund
Fleck Scholarship Fund consistently spends more than it earns, drawing down on its asset base.
EIN: 208934863 · Lebanon, OH · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.8M |
| Total Expenses | $274K |
| Program Spending | 80% |
| Net Assets | $3.5M |
| Transparency Score | 70/100 |
Is Fleck Scholarship Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fleck Scholarship Fund directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Fleck Scholarship Fund
Fleck Scholarship Fund (EIN: 208934863) is a nonprofit organization based in Lebanon, OH, classified under NTEE code B82. The organization reported total revenue of $2.8M and total assets of $4.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fleck Scholarship Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fleck Scholarship Fund is a mid-size nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -9.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $74K |
| Total Expenses | $274K |
| Surplus / Deficit | $-200,016 |
| Total Assets | $3.5M |
| Total Liabilities | $1 |
| Net Assets | $3.5M |
| Operating Margin | -269.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 153.6 months |
Financial Health Grade: B
In 2023, Fleck Scholarship Fund reported a deficit of $200K with expenses exceeding revenue, holds 153.6 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), Fleck Scholarship Fund's revenue has declined at a compound annual growth rate (CAGR) of -9.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -35.6% | -2.0% | -5.4% |
| 2022 | -69.3% | -16.8% | -4.2% |
| 2021 | +74.5% | +22.0% | +1.0% |
| 2020 | +113.7% | -35.4% | -1.5% |
| 2019 | -69.0% | +34.0% | -4.9% |
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 Fleck Scholarship Fund with a Mission Score of 70 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Fleck Scholarship Fund allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $200K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Fleck Scholarship Fund reports 0% officer compensation across all available filings, indicating that its leadership is entirely volunteer-based, which is highly commendable for minimizing administrative costs.
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 Fleck Scholarship Fund's IRS 990 filings:
- Consistent annual expenses exceeding revenue, leading to asset depletion (e.g., 2023: $74,337 revenue vs. $274,353 expenses).
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data makes full efficiency assessment difficult.
Strengths
The following positive indicators were identified for Fleck Scholarship Fund:
- Substantial asset base of over $3.5 million provides a strong foundation.
- Zero reported officer compensation indicates a highly volunteer-driven and cost-efficient leadership.
- Minimal liabilities ($1 in recent years) suggests sound financial management regarding debt.
Frequently Asked Questions about Fleck Scholarship Fund
Is Fleck Scholarship Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Fleck Scholarship Fund (EIN: 208934863) some concerns. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
How does Fleck Scholarship Fund spend its money?
Fleck Scholarship Fund directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Fleck Scholarship Fund tax-deductible?
Fleck Scholarship Fund is registered as a tax-exempt nonprofit (EIN: 208934863). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Fleck Scholarship Fund's spending goes to programs?
Fleck Scholarship Fund directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Fleck Scholarship Fund compare to similar nonprofits?
With a transparency score of 70/100 (Good), Fleck 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 Fleck Scholarship Fund located?
Fleck Scholarship Fund is headquartered in Lebanon, Ohio and files with the IRS under EIN 208934863. It is classified under NTEE code B82.
How many years of IRS 990 filings does Fleck Scholarship Fund have?
Fleck 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 $2.8M in total revenue.
How does the Fleck Scholarship Fund cover its consistent revenue shortfalls?
The consistent shortfalls, such as $74,337 in revenue against $274,353 in expenses in 2023, suggest the organization is likely drawing from its substantial asset base (e.g., endowment principal or accumulated reserves) to cover operational costs and scholarship disbursements.
What is the long-term sustainability of the Fleck Scholarship Fund given its spending patterns?
Without a significant increase in revenue or a reduction in expenses, the current pattern of spending more than it earns is not sustainable long-term, as it will gradually deplete the organization's asset base, which has already seen a slight decline from $4,092,957 in 2015 to $3,511,918 in 2023.
What is the primary source of the Fleck Scholarship Fund's revenue?
The provided data does not specify the primary revenue source, but given the nature of a scholarship fund and the fluctuating revenue, it likely comes from a mix of investment income, donations, and potentially endowment distributions.
Filing History
IRS 990 filing history for Fleck Scholarship Fund showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Fleck Scholarship Fund's revenue has declined by 67.7%, moving from $230K to $74K. Total assets decreased by 11.4% over the same period, from $4.0M to $3.5M. Total functional expenses fell by 2.7%, from $282K to $274K. In its most recent filing year (2023), Fleck Scholarship Fund reported a deficit of $200K, with expenses exceeding revenue. The organization holds $1 in liabilities against $3.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $74K | $274K | $3.5M | $1 | — | View 990 |
| 2022 | $115K | $280K | $3.7M | $1 | — | View 990 |
| 2021 | $376K | $337K | $3.9M | $1 | — | — |
| 2020 | $215K | $276K | $3.8M | $1 | — | View 990 |
| 2019 | $101K | $427K | $3.9M | $0 | — | View 990 |
| 2015 | $325K | $319K | $4.1M | $0 | — | View 990 |
| 2014 | $447K | $353K | $4.1M | $0 | — | View 990 |
| 2013 | $351K | $301K | $4.0M | $0 | — | View 990 |
| 2012 | $265K | $276K | $3.9M | $0 | — | View 990 |
| 2011 | $230K | $282K | $4.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $74K, expenses of $274K, and assets of $3.5M (revenue -35.6% year-over-year).
- 2022: Revenue of $115K, expenses of $280K, and assets of $3.7M (revenue -69.3% year-over-year).
- 2021: Revenue of $376K, expenses of $337K, and assets of $3.9M (revenue +74.5% year-over-year).
- 2020: Revenue of $215K, expenses of $276K, and assets of $3.8M (revenue +113.7% year-over-year).
- 2019: Revenue of $101K, expenses of $427K, and assets of $3.9M (revenue -69.0% year-over-year).
- 2015: Revenue of $325K, expenses of $319K, and assets of $4.1M (revenue -27.4% year-over-year).
- 2014: Revenue of $447K, expenses of $353K, and assets of $4.1M (revenue +27.2% year-over-year).
- 2013: Revenue of $351K, expenses of $301K, and assets of $4.0M (revenue +32.6% year-over-year).
- 2012: Revenue of $265K, expenses of $276K, and assets of $3.9M (revenue +15.3% year-over-year).
- 2011: Revenue of $230K, expenses of $282K, and assets of $4.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fleck Scholarship Fund:
Data Sources and Methodology
This transparency report for Fleck 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.