Jeremy Elliott Scholarship Foundation

Jeremy Elliott Scholarship Foundation consistently directs 100% of expenses to programs with zero officer compensation.

EIN: 202885357 · Jefferson, NC · NTEE: B82 · Updated: 2026-03-28

$710KRevenue

$2.6MAssets

95/100Mission Score (Excellent)

B82

About Jeremy Elliott Scholarship Foundation

Jeremy Elliott Scholarship Foundation (EIN: 202885357) is a nonprofit organization based in Jefferson, NC, classified under NTEE code B82. The organization reported total revenue of $710K and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Jeremy Elliott Scholarship Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Jeremy Elliott Scholarship Foundation demonstrates strong financial health and a clear commitment to its programmatic mission. Over the past five years, the organization has consistently grown its assets, reaching $2,162,064 in 2023, up from $1,545,232 in 2020. Revenue has also shown a positive trend, with $573,944 in 2023, indicating robust donor support. The foundation's spending efficiency is commendable, with a significant portion of its expenses directed towards program services, as evidenced by the high program spending ratio. The consistent reporting of 0% officer compensation across all available filings highlights a strong dedication to directing funds towards the mission rather than administrative overhead.

The organization's financial management appears prudent, with assets significantly outweighing liabilities. For instance, in 2023, assets were $2,162,064 against liabilities of $13,250. This healthy balance sheet provides a stable foundation for future operations and scholarship disbursements. The consistent growth in both revenue and assets, coupled with efficient spending, suggests a well-managed and impactful organization.

Transparency is excellent, with 13 filings available and consistent reporting of key financial metrics, including zero officer compensation. This level of detail and consistency allows for a clear understanding of the foundation's financial activities and reinforces trust in its operations. The NTEE code B82 (Scholarship & Student Aid) aligns perfectly with the organization's name and implied mission, further supporting its programmatic focus.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Jeremy Elliott Scholarship Foundation 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, Jeremy Elliott Scholarship Foundation 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.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no compensation is paid to officers, which is highly unusual and suggests a volunteer-led or very lean operational structure for an organization with over $2 million in assets.

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 Jeremy Elliott Scholarship Foundation:

100% program spending ratio, indicating all expenses are directed to mission.
Zero officer compensation reported across all filings, maximizing funds for programs.
Consistent growth in assets, from $1,545,232 in 2020 to $2,162,064 in 2023.
Strong revenue growth, from $29,787 in 2020 to $573,944 in 2023.
Excellent financial stability with assets significantly exceeding liabilities.

Frequently Asked Questions about Jeremy Elliott Scholarship Foundation

Is Jeremy Elliott Scholarship Foundation a good charity?

Based on the available IRS 990 data, the Jeremy Elliott Scholarship Foundation appears to be a very good charity. It consistently directs 100% of its expenses to program services, has zero officer compensation, and demonstrates strong financial health with growing assets and revenue.

How does the organization manage to have 0% officer compensation?

The consistent reporting of 0% officer compensation suggests that the organization is either entirely volunteer-run at the executive level or that any compensation for leadership roles is categorized differently within the expense structure, though the filings explicitly state 0% for officers.

What is the trend in the organization's financial growth?

The organization shows a strong growth trend. Revenue increased from $29,787 in 2020 to $573,944 in 2023, and assets grew from $1,545,232 in 2020 to $2,162,064 in 2023.

Filing History

IRS 990 filing history for Jeremy Elliott Scholarship Foundation showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Jeremy Elliott Scholarship Foundation's revenue has grown by 602.6%, moving from $82K to $574K. Total assets increased by 1156.5% over the same period, from $172K to $2.2M. Total functional expenses rose by 825.8%, from $49K to $455K. In its most recent filing year (2023), Jeremy Elliott Scholarship Foundation reported a surplus of $119K, with revenue exceeding expenses. The organization holds $13K in liabilities against $2.2M in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $2.1M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$574K	$455K	$2.2M	$13K	—	View 990
2022	$427K	$178K	$2.0M	$24K	—	View 990
2021	$409K	$182K	$1.8M	$9K	—	View 990
2020	$30K	$174K	$1.5M	$9K	—	View 990
2019	$466K	$161K	$1.7M	$4K	—	View 990
2018	$293K	$174K	$1.4M	$3K	—	View 990
2017	$235K	$142K	$1.3M	$0	—	View 990
2016	$400K	$114K	$1.2M	$0	—	View 990
2015	$448K	$80K	$878K	$0	—	View 990
2014	$82K	$49K	$172K	$0	—	View 990
2013	$203K	$41K	$404K	$0	—	View 990
2012	$115K	$46K	$241K	$0	—	View 990
2011	$82K	$49K	$172K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $574K, expenses of $455K, and assets of $2.2M (revenue +34.5% year-over-year).
2022: Revenue of $427K, expenses of $178K, and assets of $2.0M (revenue +4.3% year-over-year).
2021: Revenue of $409K, expenses of $182K, and assets of $1.8M (revenue +1273.9% year-over-year).
2020: Revenue of $30K, expenses of $174K, and assets of $1.5M (revenue -93.6% year-over-year).
2019: Revenue of $466K, expenses of $161K, and assets of $1.7M (revenue +59.0% year-over-year).
2018: Revenue of $293K, expenses of $174K, and assets of $1.4M (revenue +24.5% year-over-year).
2017: Revenue of $235K, expenses of $142K, and assets of $1.3M (revenue -41.2% year-over-year).
2016: Revenue of $400K, expenses of $114K, and assets of $1.2M (revenue -10.8% year-over-year).
2015: Revenue of $448K, expenses of $80K, and assets of $878K (revenue +448.7% year-over-year).
2014: Revenue of $82K, expenses of $49K, and assets of $172K (revenue -59.8% year-over-year).
2013: Revenue of $203K, expenses of $41K, and assets of $404K (revenue +77.0% year-over-year).
2012: Revenue of $115K, expenses of $46K, and assets of $241K (revenue +40.5% year-over-year).
2011: Revenue of $82K, expenses of $49K, and assets of $172K.

Data Sources and Methodology

This transparency report for Jeremy Elliott 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.