Governors Scholars Program Foundation Inc
EIN: 611393028 · Frankfort, KY · NTEE: T30
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $690K |
| Net Assets | $3.9M |
Is Governors Scholars Program Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Governors Scholars Program Foundation Inc
Governors Scholars Program Foundation Inc (EIN: 611393028) is a nonprofit organization based in Frankfort, KY, classified under NTEE code T30. The organization reported total revenue of $1.2M and total assets of $4.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Governors Scholars Program Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Governors Scholars Program Foundation Inc is a mid-size nonprofit that has been operating for 25 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $559K |
| Total Expenses | $690K |
| Surplus / Deficit | $-131,368 |
| Total Assets | $4.0M |
| Total Liabilities | $24K |
| Net Assets | $3.9M |
| Operating Margin | -23.5% |
| Debt-to-Asset Ratio | 0.6% |
| Months of Reserves | 69.1 months |
Financial Health Grade: B
In 2023, Governors Scholars Program Foundation Inc reported a deficit of $131K with expenses exceeding revenue, holds 69.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Governors Scholars Program Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -14.2% | +25.7% | +10.4% |
| 2022 | -9.3% | -6.9% | -10.4% |
| 2021 | +42.8% | +73.9% | +18.7% |
| 2020 | -17.0% | -54.5% | +13.8% |
| 2019 | -10.4% | +16.5% | +6.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Governors Scholars Program Foundation Inc 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 Governors Scholars Program Foundation Inc 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 $131K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.6%.
Frequently Asked Questions about Governors Scholars Program Foundation Inc
Is Governors Scholars Program Foundation Inc a legitimate charity?
Governors Scholars Program Foundation Inc (EIN: 611393028) is a registered tax-exempt nonprofit based in Kentucky. It has 13 years of IRS 990 filings on record. Total revenue: $1.2M. No red flags identified. Financial health grade: B.
How does Governors Scholars Program Foundation Inc spend its money?
Governors Scholars Program Foundation Inc reported $1.2M in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Governors Scholars Program Foundation Inc tax-deductible?
Governors Scholars Program Foundation Inc is registered as a tax-exempt nonprofit (EIN: 611393028). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Governors Scholars Program Foundation Inc located?
Governors Scholars Program Foundation Inc is headquartered in Frankfort, Kentucky and files with the IRS under EIN 611393028. It is classified under NTEE code T30.
How many years of IRS 990 filings does Governors Scholars Program Foundation Inc have?
Governors Scholars Program Foundation Inc has 13 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 $1.2M in total revenue.
Filing History
IRS 990 filing history for Governors Scholars Program Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Governors Scholars Program Foundation Inc's revenue has declined by 12.8%, moving from $641K to $559K. Total assets increased by 60.4% over the same period, from $2.5M to $4.0M. Total functional expenses rose by 201.7%, from $229K to $690K. In its most recent filing year (2023), Governors Scholars Program Foundation Inc reported a deficit of $131K, with expenses exceeding revenue. The organization holds $24K in liabilities against $4.0M in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $3.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $559K | $690K | $4.0M | $24K | — | — |
| 2022 | $651K | $549K | $3.6M | $39K | — | View 990 |
| 2021 | $718K | $590K | $4.0M | $2K | — | View 990 |
| 2020 | $503K | $339K | $3.4M | $22K | — | — |
| 2019 | $606K | $746K | $3.0M | $3K | — | View 990 |
| 2018 | $677K | $640K | $2.8M | $3K | — | View 990 |
| 2017 | $572K | $205K | $2.9M | $2K | — | View 990 |
| 2016 | $654K | $206K | $2.8M | $2K | — | View 990 |
| 2015 | $636K | $227K | $2.7M | $1K | — | View 990 |
| 2014 | $590K | $313K | $2.7M | $22K | — | View 990 |
| 2013 | $649K | $245K | $2.8M | $3K | — | View 990 |
| 2012 | $616K | $202K | $2.6M | $1K | — | View 990 |
| 2011 | $641K | $229K | $2.5M | $869 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $559K, expenses of $690K, and assets of $4.0M (revenue -14.2% year-over-year).
- 2022: Revenue of $651K, expenses of $549K, and assets of $3.6M (revenue -9.3% year-over-year).
- 2021: Revenue of $718K, expenses of $590K, and assets of $4.0M (revenue +42.8% year-over-year).
- 2020: Revenue of $503K, expenses of $339K, and assets of $3.4M (revenue -17.0% year-over-year).
- 2019: Revenue of $606K, expenses of $746K, and assets of $3.0M (revenue -10.4% year-over-year).
- 2018: Revenue of $677K, expenses of $640K, and assets of $2.8M (revenue +18.3% year-over-year).
- 2017: Revenue of $572K, expenses of $205K, and assets of $2.9M (revenue -12.6% year-over-year).
- 2016: Revenue of $654K, expenses of $206K, and assets of $2.8M (revenue +2.9% year-over-year).
- 2015: Revenue of $636K, expenses of $227K, and assets of $2.7M (revenue +7.8% year-over-year).
- 2014: Revenue of $590K, expenses of $313K, and assets of $2.7M (revenue -9.1% year-over-year).
- 2013: Revenue of $649K, expenses of $245K, and assets of $2.8M (revenue +5.4% year-over-year).
- 2012: Revenue of $616K, expenses of $202K, and assets of $2.6M (revenue -3.9% year-over-year).
- 2011: Revenue of $641K, expenses of $229K, and assets of $2.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Governors Scholars Program Foundation Inc:
Data Sources and Methodology
This transparency report for Governors Scholars Program Foundation Inc 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.