Hazen Scholarship Fund 3035016112
Hazen Scholarship Fund consistently directs all spending to programs with no executive compensation.
EIN: 20530567 · Johnston, RI · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $34K |
| Total Expenses | $22K |
| Program Spending | 100% |
| Net Assets | $182K |
| Transparency Score | 95/100 |
Is Hazen Scholarship Fund 3035016112 Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hazen Scholarship Fund 3035016112 directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hazen Scholarship Fund 3035016112
Hazen Scholarship Fund 3035016112 (EIN: 20530567) is a nonprofit organization based in Johnston, RI, classified under NTEE code B82. The organization reported total revenue of $34K and total assets of $177K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hazen Scholarship Fund 3035016112's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hazen Scholarship Fund 3035016112 is a micro nonprofit that has been operating for 24 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 4.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $25K |
| Total Expenses | $22K |
| Surplus / Deficit | +$2K |
| Total Assets | $182K |
| Total Liabilities | $1 |
| Net Assets | $182K |
| Operating Margin | 9.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 98.7 months |
Financial Health Grade: A
In 2024, Hazen Scholarship Fund 3035016112 reported a surplus of $2K with revenue exceeding expenses, holds 98.7 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 (2012–2024), Hazen Scholarship Fund 3035016112's revenue has grown at a compound annual growth rate (CAGR) of 4.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +232.5% | +656.9% | +1.3% |
| 2023 | -55.3% | -80.3% | +2.6% |
| 2022 | +3.7% | +11.2% | +1.0% |
| 2021 | +29.4% | +3.1% | +1.7% |
| 2020 | +20.0% | -47.7% | +0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2002 |
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 Hazen Scholarship Fund 3035016112 with a Mission Score of 95 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: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Hazen Scholarship Fund 3035016112 allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly commendable for a nonprofit 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.
Strengths
The following positive indicators were identified for Hazen Scholarship Fund 3035016112:
- Consistent 0% officer compensation, indicating high program efficiency.
- Stable asset base (e.g., $182,154 in 202406) with minimal liabilities ($1 in 202406).
- Long history of IRS 990 filings, demonstrating transparency.
- Generally operates with a surplus or balanced budget, indicating sound financial management (e.g., $24,521 revenue vs. $22,138 expenses in 202406).
Frequently Asked Questions about Hazen Scholarship Fund 3035016112
Is Hazen Scholarship Fund 3035016112 a legitimate charity?
Based on AI analysis of IRS 990 filings, Hazen Scholarship Fund 3035016112 (EIN: 20530567) appears legitimate. Mission Score: 95/100. 0 red flags identified, 4 strengths noted.
How does Hazen Scholarship Fund 3035016112 spend its money?
Hazen Scholarship Fund 3035016112 directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hazen Scholarship Fund 3035016112 tax-deductible?
Hazen Scholarship Fund 3035016112 is registered as a tax-exempt nonprofit (EIN: 20530567). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Hazen Scholarship Fund 3035016112 compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Hazen Scholarship Fund 3035016112 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 Hazen Scholarship Fund 3035016112 located?
Hazen Scholarship Fund 3035016112 is headquartered in Johnston, Rhode Island and files with the IRS under EIN 20530567. It is classified under NTEE code B82.
How many years of IRS 990 filings does Hazen Scholarship Fund 3035016112 have?
Hazen Scholarship Fund 3035016112 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 $34K in total revenue.
Is Hazen Scholarship Fund a good charity?
Based on the provided financial data, Hazen Scholarship Fund appears to be a very good charity. It maintains a stable asset base, has negligible liabilities, and most notably, reports 0% officer compensation, meaning all expenses are directed towards its mission.
How does Hazen Scholarship Fund manage its finances?
The organization manages its finances prudently, consistently maintaining assets between $164,285 and $184,998 and keeping liabilities at a minimum (often $1 or $0). It generally operates with a surplus or near break-even, as seen in 202406 with $24,521 in revenue and $22,138 in expenses.
What is the primary use of funds for Hazen Scholarship Fund?
Given its NTEE code B82 (Scholarship & Student Aid) and the consistent 0% officer compensation, it is highly probable that the primary use of funds is direct scholarship disbursements to students, aligning entirely with its stated mission.
Filing History
IRS 990 filing history for Hazen Scholarship Fund 3035016112 showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Hazen Scholarship Fund 3035016112's revenue has grown by 68.3%, moving from $15K to $25K. Total assets increased by 9.8% over the same period, from $166K to $182K. Total functional expenses rose by 471.3%, from $4K to $22K. In its most recent filing year (2024), Hazen Scholarship Fund 3035016112 reported a surplus of $2K, with revenue exceeding expenses. The organization holds $1 in liabilities against $182K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $182K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $25K | $22K | $182K | $1 | — | — |
| 2023 | $7K | $3K | $180K | $1 | — | View 990 |
| 2022 | $17K | $15K | $175K | $1 | — | — |
| 2021 | $16K | $13K | $174K | $1 | — | View 990 |
| 2020 | $12K | $13K | $171K | $1 | — | — |
| 2016 | $10K | $25K | $171K | $0 | — | View 990 |
| 2015 | $15K | $5K | $185K | $0 | — | View 990 |
| 2014 | $25K | $14K | $175K | $0 | — | View 990 |
| 2013 | $20K | $22K | $164K | $0 | — | View 990 |
| 2012 | $15K | $4K | $166K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $25K, expenses of $22K, and assets of $182K (revenue +232.5% year-over-year).
- 2023: Revenue of $7K, expenses of $3K, and assets of $180K (revenue -55.3% year-over-year).
- 2022: Revenue of $17K, expenses of $15K, and assets of $175K (revenue +3.7% year-over-year).
- 2021: Revenue of $16K, expenses of $13K, and assets of $174K (revenue +29.4% year-over-year).
- 2020: Revenue of $12K, expenses of $13K, and assets of $171K (revenue +20.0% year-over-year).
- 2016: Revenue of $10K, expenses of $25K, and assets of $171K (revenue -29.3% year-over-year).
- 2015: Revenue of $15K, expenses of $5K, and assets of $185K (revenue -41.4% year-over-year).
- 2014: Revenue of $25K, expenses of $14K, and assets of $175K (revenue +22.5% year-over-year).
- 2013: Revenue of $20K, expenses of $22K, and assets of $164K (revenue +38.7% year-over-year).
- 2012: Revenue of $15K, expenses of $4K, and assets of $166K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hazen Scholarship Fund 3035016112:
Data Sources and Methodology
This transparency report for Hazen Scholarship Fund 3035016112 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.