Frances Label Memorial Scholarship
Frances Label Memorial Scholarship consistently operates with low expenses and no executive compensation, drawing down assets to fund scholarships.
EIN: 216015823 · Las Vegas, NV · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $30K |
| Total Expenses | $21K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $20,000. |
| Net Assets | $96K |
| Transparency Score | 85/100 |
Is Frances Label Memorial Scholarship Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Frances Label Memorial Scholarship directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Frances Label Memorial Scholarship
Frances Label Memorial Scholarship (EIN: 216015823) is a nonprofit organization based in Las Vegas, NV, classified under NTEE code T20. The organization reported total revenue of $30K and total assets of $90K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Frances Label Memorial Scholarship's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Frances Label Memorial Scholarship is a micro nonprofit that has been operating for 21 years, with 9 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -19.6%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $431 |
| Total Expenses | $21K |
| Surplus / Deficit | $-20,473 |
| Total Assets | $96K |
| Total Liabilities | $1 |
| Net Assets | $96K |
| Operating Margin | -4750.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 55.0 months |
Financial Health Grade: B
In 2022, Frances Label Memorial Scholarship reported a deficit of $20K with expenses exceeding revenue, holds 55.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2022), Frances Label Memorial Scholarship's revenue has declined at a compound annual growth rate (CAGR) of -19.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -95.5% | +39.6% | -17.6% |
| 2021 | -20.1% | +85.4% | -2.5% |
| 2020 | +13.1% | +10.5% | +3.4% |
| 2019 | +189.8% | +15.1% | +1.2% |
| 2015 | -51.2% | -11.1% | -2.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2005 |
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 Frances Label Memorial Scholarship 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Frances Label Memorial Scholarship allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $20K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that the organization's leadership is entirely volunteer-based, which is highly efficient for an organization of this size with annual expenses typically under $20,000.
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.
Strengths
The following positive indicators were identified for Frances Label Memorial Scholarship:
- Zero officer compensation, indicating volunteer leadership and high efficiency.
- Consistently low liabilities ($1), demonstrating sound financial management.
- Strong program spending ratio due to minimal overhead and no fundraising costs.
- Consistent filing history, indicating transparency and compliance with IRS regulations.
Frequently Asked Questions about Frances Label Memorial Scholarship
Is Frances Label Memorial Scholarship a legitimate charity?
Frances Label Memorial Scholarship (EIN: 216015823) is a registered tax-exempt nonprofit based in Nevada. Our AI analysis gives it a Mission Score of 85/100. It has 9 years of IRS 990 filings on record. Total revenue: $30K. No red flags identified. 4 strengths noted. Financial health grade: B.
How does Frances Label Memorial Scholarship spend its money?
Frances Label Memorial Scholarship directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Frances Label Memorial Scholarship tax-deductible?
Frances Label Memorial Scholarship is registered as a tax-exempt nonprofit (EIN: 216015823). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Frances Label Memorial Scholarship CEO make?
Frances Label Memorial Scholarship's highest-compensated officer earns $20,000. annually. The organization reported $30K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Frances Label Memorial Scholarship compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Frances Label Memorial Scholarship is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Frances Label Memorial Scholarship located?
Frances Label Memorial Scholarship is headquartered in Las Vegas, Nevada and files with the IRS under EIN 216015823. It is classified under NTEE code T20.
How many years of IRS 990 filings does Frances Label Memorial Scholarship have?
Frances Label Memorial Scholarship has 9 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 $30K in total revenue.
Is Frances Label Memorial Scholarship a good charity?
Based on the available IRS 990 data, Frances Label Memorial Scholarship appears to be a good charity. It demonstrates strong program focus, minimal administrative overhead, and no executive compensation, ensuring that donations directly support its mission.
How does the organization fund its operations given fluctuating revenue?
The organization appears to fund its operations by drawing down its assets, which have decreased from $117,513 in 2011 to $95,743 in 2022, alongside its annual revenue generation. This suggests a strategy of utilizing accumulated funds to sustain its scholarship programs.
What is the primary use of the organization's funds?
Given its NTEE code (Scholarship & Student Aid) and the absence of significant administrative or fundraising costs, the primary use of the organization's funds is almost certainly direct program services, specifically scholarships.
Filing History
IRS 990 filing history for Frances Label Memorial Scholarship showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2022), Frances Label Memorial Scholarship's revenue has declined by 90.9%, moving from $5K to $431. Total assets decreased by 18.5% over the same period, from $118K to $96K. Total functional expenses rose by 211.5%, from $7K to $21K. In its most recent filing year (2022), Frances Label Memorial Scholarship reported a deficit of $20K, with expenses exceeding revenue. The organization holds $1 in liabilities against $96K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $96K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $431 | $21K | $96K | $1 | — | View 990 |
| 2021 | $10K | $15K | $116K | $1 | — | — |
| 2020 | $12K | $8K | $119K | $1 | — | View 990 |
| 2019 | $11K | $7K | $115K | $1 | — | View 990 |
| 2015 | $4K | $6K | $114K | $1 | — | View 990 |
| 2014 | $7K | $7K | $116K | $1 | — | View 990 |
| 2013 | $5K | $7K | $116K | $1 | — | View 990 |
| 2012 | $7K | $7K | $118K | $1 | — | View 990 |
| 2011 | $5K | $7K | $118K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $431, expenses of $21K, and assets of $96K (revenue -95.5% year-over-year).
- 2021: Revenue of $10K, expenses of $15K, and assets of $116K (revenue -20.1% year-over-year).
- 2020: Revenue of $12K, expenses of $8K, and assets of $119K (revenue +13.1% year-over-year).
- 2019: Revenue of $11K, expenses of $7K, and assets of $115K (revenue +189.8% year-over-year).
- 2015: Revenue of $4K, expenses of $6K, and assets of $114K (revenue -51.2% year-over-year).
- 2014: Revenue of $7K, expenses of $7K, and assets of $116K (revenue +45.7% year-over-year).
- 2013: Revenue of $5K, expenses of $7K, and assets of $116K (revenue -27.9% year-over-year).
- 2012: Revenue of $7K, expenses of $7K, and assets of $118K (revenue +49.5% year-over-year).
- 2011: Revenue of $5K, expenses of $7K, and assets of $118K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Frances Label Memorial Scholarship:
Data Sources and Methodology
This transparency report for Frances Label Memorial Scholarship 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.