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
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Jeremy Elliott Scholarship Foundation is mapped to EIN 202885357.
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13 stored filing years available.
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13 stored filing years available.
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| Metric | Value |
|---|---|
| Total Revenue | $710K |
| Total Expenses | $455K |
| Program Spending | 100% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $2.1M |
| Transparency Score | 95/100 |
Search Intent Cockpit
Jeremy Elliott Scholarship Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Jeremy Elliott Scholarship Foundation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Jeremy Elliott Scholarship Foundation in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $574K and expenses of $455K.
Revenue and Expenses
Jeremy Elliott Scholarship Foundation reported $574K in revenue and $455K in expenses, a surplus of $119K.
Executive Compensation
Top officer compensation appears as $2 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
95/100 mission score, 0 red flags, and 5 strengths are shown from structured and AI review.
Is Jeremy Elliott Scholarship Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
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Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $455K (100%) |
Across stored filings, Jeremy Elliott Scholarship Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Appears Legitimate | Good filing record; no red flags identified |
| Mission spend | 100% to programs | Excellent |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Cccp Community Trust | North Carolina and Education context |
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Jeremy Elliott Scholarship Foundation directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
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.
Organization Overview
Jeremy Elliott Scholarship Foundation is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 17.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $574K |
| Total Expenses | $455K |
| Surplus / Deficit | +$119K |
| Total Assets | $2.2M |
| Total Liabilities | $13K |
| Net Assets | $2.1M |
| Operating Margin | 20.6% |
| Debt-to-Asset Ratio | 0.6% |
| Months of Reserves | 57.0 months |
Financial Health Grade: A
In 2023, Jeremy Elliott Scholarship Foundation reported a surplus of $119K with revenue exceeding expenses, holds 57.0 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), Jeremy Elliott Scholarship Foundation's revenue has grown at a compound annual growth rate (CAGR) of 17.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +34.5% | +156.5% | +6.2% |
| 2022 | +4.3% | -2.5% | +14.9% |
| 2021 | +1273.9% | +4.5% | +14.7% |
| 2020 | -93.6% | +8.5% | -8.3% |
| 2019 | +59.0% | -7.6% | +22.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $119K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.6%.
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 legitimate charity?
Jeremy Elliott Scholarship Foundation (EIN: 202885357) is a registered tax-exempt nonprofit based in North Carolina. Our AI analysis gives it a Mission Score of 95/100. It has 13 years of IRS 990 filings on record. Total revenue: $710K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Jeremy Elliott Scholarship Foundation spend its money?
Jeremy Elliott Scholarship Foundation directs 100% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Jeremy Elliott Scholarship Foundation tax-deductible?
Jeremy Elliott Scholarship Foundation is registered as a tax-exempt nonprofit (EIN: 202885357). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Jeremy Elliott Scholarship Foundation CEO make?
Jeremy Elliott Scholarship Foundation's highest-compensated officer earns $2 annually. The organization reported $710K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Jeremy Elliott Scholarship Foundation compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Jeremy Elliott 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 Jeremy Elliott Scholarship Foundation located?
Jeremy Elliott Scholarship Foundation is headquartered in Jefferson, North Carolina and files with the IRS under EIN 202885357. It is classified under NTEE code B82.
How many years of IRS 990 filings does Jeremy Elliott Scholarship Foundation have?
Jeremy Elliott Scholarship Foundation 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 $710K in total revenue.
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. % | |
|---|---|---|---|---|---|---|
| 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.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Jeremy Elliott Scholarship Foundation:
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.