Grace I And Mary E Disbrow Scholarship Foundation
Small scholarship foundation consistently spends more than it earns, relying on asset base.
EIN: 201618874 · Clinton, IA · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3K |
| Total Expenses | $4K |
| Program Spending | 85% |
| Net Assets | $42K |
| Transparency Score | 80/100 |
Is Grace I And Mary E Disbrow Scholarship Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Grace I And Mary E Disbrow Scholarship Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Grace I And Mary E Disbrow Scholarship Foundation
Grace I And Mary E Disbrow Scholarship Foundation (EIN: 201618874) is a nonprofit organization based in Clinton, IA, classified under NTEE code B82. The organization reported total revenue of $3K and total assets of $42K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Grace I And Mary E Disbrow Scholarship Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Grace I And Mary E Disbrow Scholarship Foundation is a micro nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2K |
| Total Expenses | $4K |
| Surplus / Deficit | $-1,695 |
| Total Assets | $42K |
| Total Liabilities | $1 |
| Net Assets | $42K |
| Operating Margin | -85.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 136.9 months |
Financial Health Grade: B
In 2023, Grace I And Mary E Disbrow Scholarship Foundation reported a deficit of $2K with expenses exceeding revenue, holds 136.9 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), Grace I And Mary E Disbrow Scholarship Foundation's revenue has declined at a compound annual growth rate (CAGR) of -0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -40.4% | +7.9% | -3.9% |
| 2022 | -22.8% | +3.1% | +0.0% |
| 2021 | +155.8% | +0.6% | +2.4% |
| 2020 | -37.4% | +0.5% | -3.8% |
| 2019 | -44.2% | -11.9% | -6.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Grace I And Mary E Disbrow Scholarship Foundation with a Mission Score of 80 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: 15%
- programs: 85%
- fundraising: 0%
According to IRS 990 filings, Grace I And Mary E Disbrow Scholarship Foundation allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. With 85% 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 $2K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for an organization of its size.
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 Grace I And Mary E Disbrow Scholarship Foundation's IRS 990 filings:
- Consistent spending exceeding revenue, potentially drawing down assets over time.
Strengths
The following positive indicators were identified for Grace I And Mary E Disbrow Scholarship Foundation:
- Zero executive compensation, indicating volunteer leadership.
- Consistent scholarship disbursements over many years.
- Very low liabilities, indicating sound financial management of obligations.
Frequently Asked Questions about Grace I And Mary E Disbrow Scholarship Foundation
Is Grace I And Mary E Disbrow Scholarship Foundation a legitimate charity?
Grace I And Mary E Disbrow Scholarship Foundation (EIN: 201618874) is a registered tax-exempt nonprofit based in Iowa. Our AI analysis gives it a Mission Score of 80/100. It has 10 years of IRS 990 filings on record. Total revenue: $3K. 1 red flag identified. 3 strengths noted. Financial health grade: B.
How does Grace I And Mary E Disbrow Scholarship Foundation spend its money?
Grace I And Mary E Disbrow Scholarship Foundation directs 85% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Grace I And Mary E Disbrow Scholarship Foundation tax-deductible?
Grace I And Mary E Disbrow Scholarship Foundation is registered as a tax-exempt nonprofit (EIN: 201618874). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Grace I And Mary E Disbrow Scholarship Foundation compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Grace I And Mary E Disbrow Scholarship Foundation 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 Grace I And Mary E Disbrow Scholarship Foundation located?
Grace I And Mary E Disbrow Scholarship Foundation is headquartered in Clinton, Iowa and files with the IRS under EIN 201618874. It is classified under NTEE code B82.
How many years of IRS 990 filings does Grace I And Mary E Disbrow Scholarship Foundation have?
Grace I And Mary E Disbrow Scholarship Foundation 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 $3K in total revenue.
Is Grace I And Mary E Disbrow Scholarship Foundation a good charity?
Yes, for its specific niche. It consistently provides scholarships, as evidenced by its program expenses, and operates with no executive compensation, ensuring funds directly support its mission. However, potential donors should be aware that it frequently spends more than its annual revenue, drawing from its asset base.
How does the foundation manage its expenses relative to its revenue?
The foundation frequently incurs expenses that exceed its annual revenue. For example, in 2023, expenses were $3,689 against revenue of $1,994. This suggests it relies on its accumulated assets to fund its scholarship programs and operational costs.
What is the trend in the foundation's assets?
The foundation's assets have shown a slight decline over the past decade, from $48,041 in 2011 to $42,100 in 2023, likely due to its consistent spending exceeding revenue.
Filing History
IRS 990 filing history for Grace I And Mary E Disbrow Scholarship Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Grace I And Mary E Disbrow Scholarship Foundation's revenue has declined by 10.6%, moving from $2K to $2K. Total assets decreased by 12.4% over the same period, from $48K to $42K. Total functional expenses rose by 22.2%, from $3K to $4K. In its most recent filing year (2023), Grace I And Mary E Disbrow Scholarship Foundation reported a deficit of $2K, with expenses exceeding revenue. The organization holds $1 in liabilities against $42K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $42K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2K | $4K | $42K | $1 | — | — |
| 2022 | $3K | $3K | $44K | $1 | — | View 990 |
| 2021 | $4K | $3K | $44K | $1 | — | — |
| 2020 | $2K | $3K | $43K | $1 | — | — |
| 2019 | $3K | $3K | $44K | $1 | — | View 990 |
| 2015 | $5K | $4K | $47K | $1 | — | View 990 |
| 2014 | $2K | $3K | $46K | $1 | — | View 990 |
| 2013 | $2K | $3K | $47K | $1 | — | View 990 |
| 2012 | $4K | $3K | $49K | $1 | — | View 990 |
| 2011 | $2K | $3K | $48K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2K, expenses of $4K, and assets of $42K (revenue -40.4% year-over-year).
- 2022: Revenue of $3K, expenses of $3K, and assets of $44K (revenue -22.8% year-over-year).
- 2021: Revenue of $4K, expenses of $3K, and assets of $44K (revenue +155.8% year-over-year).
- 2020: Revenue of $2K, expenses of $3K, and assets of $43K (revenue -37.4% year-over-year).
- 2019: Revenue of $3K, expenses of $3K, and assets of $44K (revenue -44.2% year-over-year).
- 2015: Revenue of $5K, expenses of $4K, and assets of $47K (revenue +130.8% year-over-year).
- 2014: Revenue of $2K, expenses of $3K, and assets of $46K (revenue +23.5% year-over-year).
- 2013: Revenue of $2K, expenses of $3K, and assets of $47K (revenue -57.5% year-over-year).
- 2012: Revenue of $4K, expenses of $3K, and assets of $49K (revenue +79.0% year-over-year).
- 2011: Revenue of $2K, expenses of $3K, and assets of $48K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Grace I And Mary E Disbrow Scholarship Foundation:
Data Sources and Methodology
This transparency report for Grace I And Mary E Disbrow 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.