Gladstone Scholarship & Student Loan Foundation
EIN: 386277480 · Gladstone, MI · NTEE: T20
| Metric | Value |
|---|---|
| Total Revenue | $986K |
| Total Expenses | $157K |
| Net Assets | $2.9M |
Is Gladstone Scholarship & Student Loan Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Gladstone Scholarship & Student Loan Foundation
Gladstone Scholarship & Student Loan Foundation (EIN: 386277480) is a nonprofit organization based in Gladstone, MI, classified under NTEE code T20. The organization reported total revenue of $986K and total assets of $3.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gladstone Scholarship & Student Loan Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gladstone Scholarship & Student Loan Foundation is a small nonprofit that has been operating for 13 years, with 9 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -8.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $91K |
| Total Expenses | $157K |
| Surplus / Deficit | $-65,724 |
| Total Assets | $2.9M |
| Total Liabilities | $3K |
| Net Assets | $2.9M |
| Operating Margin | -72.1% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 222.9 months |
Financial Health Grade: B
In 2023, Gladstone Scholarship & Student Loan Foundation reported a deficit of $66K with expenses exceeding revenue, holds 222.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 9 years of filings (2012–2023), Gladstone Scholarship & Student Loan Foundation's revenue has declined at a compound annual growth rate (CAGR) of -8.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -11.4% | -12.1% | +5.0% |
| 2022 | -44.8% | +5.0% | -15.7% |
| 2021 | +278.5% | +67.1% | +7.0% |
| 2020 | -69.9% | -8.8% | +3.3% |
| 2019 | +123.5% | +55.0% | +15.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Gladstone Scholarship & Student Loan Foundation 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 Gladstone Scholarship & Student Loan Foundation 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 deficit of $66K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Frequently Asked Questions about Gladstone Scholarship & Student Loan Foundation
Is Gladstone Scholarship & Student Loan Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Gladstone Scholarship & Student Loan Foundation (EIN: 386277480) insufficient data. 0 red flags identified, 0 strengths noted.
How does Gladstone Scholarship & Student Loan Foundation spend its money?
Detailed spending breakdown data is not yet available for Gladstone Scholarship & Student Loan Foundation. Check back for updated IRS 990 analysis.
Are donations to Gladstone Scholarship & Student Loan Foundation tax-deductible?
Gladstone Scholarship & Student Loan Foundation is registered as a tax-exempt nonprofit (EIN: 386277480). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Gladstone Scholarship & Student Loan Foundation located?
Gladstone Scholarship & Student Loan Foundation is headquartered in Gladstone, Michigan and files with the IRS under EIN 386277480. It is classified under NTEE code T20.
How many years of IRS 990 filings does Gladstone Scholarship & Student Loan Foundation have?
Gladstone Scholarship & Student Loan Foundation 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 $986K in total revenue.
Filing History
IRS 990 filing history for Gladstone Scholarship & Student Loan Foundation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2012–2023), Gladstone Scholarship & Student Loan Foundation's revenue has declined by 59.8%, moving from $227K to $91K. Total assets increased by 15.4% over the same period, from $2.5M to $2.9M. Total functional expenses rose by 227%, from $48K to $157K. In its most recent filing year (2023), Gladstone Scholarship & Student Loan Foundation reported a deficit of $66K, with expenses exceeding revenue. The organization holds $3K in liabilities against $2.9M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $2.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $91K | $157K | $2.9M | $3K | — | View 990 |
| 2022 | $103K | $179K | $2.8M | $311 | — | View 990 |
| 2021 | $186K | $170K | $3.3M | $9K | — | — |
| 2020 | $49K | $102K | $3.1M | $5K | — | View 990 |
| 2019 | $164K | $112K | $3.0M | $2K | — | View 990 |
| 2015 | $73K | $72K | $2.6M | $28K | — | View 990 |
| 2014 | $78K | $64K | $2.7M | $20K | — | View 990 |
| 2013 | $110K | $73K | $2.6M | $19K | — | View 990 |
| 2012 | $227K | $48K | $2.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $91K, expenses of $157K, and assets of $2.9M (revenue -11.4% year-over-year).
- 2022: Revenue of $103K, expenses of $179K, and assets of $2.8M (revenue -44.8% year-over-year).
- 2021: Revenue of $186K, expenses of $170K, and assets of $3.3M (revenue +278.5% year-over-year).
- 2020: Revenue of $49K, expenses of $102K, and assets of $3.1M (revenue -69.9% year-over-year).
- 2019: Revenue of $164K, expenses of $112K, and assets of $3.0M (revenue +123.5% year-over-year).
- 2015: Revenue of $73K, expenses of $72K, and assets of $2.6M (revenue -5.9% year-over-year).
- 2014: Revenue of $78K, expenses of $64K, and assets of $2.7M (revenue -28.8% year-over-year).
- 2013: Revenue of $110K, expenses of $73K, and assets of $2.6M (revenue -51.8% year-over-year).
- 2012: Revenue of $227K, expenses of $48K, and assets of $2.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gladstone Scholarship & Student Loan Foundation:
Data Sources and Methodology
This transparency report for Gladstone Scholarship & Student Loan 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.