Karl Schooler Scholarship Tr Fund
EIN: 421494825 · Ankeny, IA · NTEE: B82
| Metric | Value |
|---|---|
| Total Revenue | $159K |
| Total Expenses | $133K |
| Net Assets | $773K |
Is Karl Schooler Scholarship Tr Fund Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Karl Schooler Scholarship Tr Fund
Karl Schooler Scholarship Tr Fund (EIN: 421494825) is a nonprofit organization based in Ankeny, IA, classified under NTEE code B82. The organization reported total revenue of $159K and total assets of $694K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Karl Schooler Scholarship Tr Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Karl Schooler Scholarship Tr Fund is a small nonprofit that has been operating for 26 years, with 10 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -154.3% | +647.1% | -18.1% |
| 2022 | -21.6% | -59.8% | +5.8% |
| 2021 | -85.8% | +40.6% | +5.2% |
| 2020 | +2604.0% | -12.1% | +233.2% |
| 2019 | -32.8% | +5.4% | -20.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Karl Schooler Scholarship Tr Fund 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 Karl Schooler Scholarship Tr Fund 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:
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Karl Schooler Scholarship Tr Fund
Is Karl Schooler Scholarship Tr Fund a legitimate charity?
Karl Schooler Scholarship Tr Fund (EIN: 421494825) is a registered tax-exempt nonprofit based in Iowa. It has 10 years of IRS 990 filings on record. Total revenue: $159K. No red flags identified. Financial health grade: B.
How does Karl Schooler Scholarship Tr Fund spend its money?
Karl Schooler Scholarship Tr Fund reported $159K in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Karl Schooler Scholarship Tr Fund tax-deductible?
Karl Schooler Scholarship Tr Fund is registered as a tax-exempt nonprofit (EIN: 421494825). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Karl Schooler Scholarship Tr Fund located?
Karl Schooler Scholarship Tr Fund is headquartered in Ankeny, Iowa and files with the IRS under EIN 421494825. It is classified under NTEE code B82.
How many years of IRS 990 filings does Karl Schooler Scholarship Tr Fund have?
Karl Schooler Scholarship Tr Fund 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 $159K in total revenue.
Filing History
IRS 990 filing history for Karl Schooler Scholarship Tr Fund showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Karl Schooler Scholarship Tr Fund's revenue has declined by 364.9%, moving from $14K to $-37,632. Total assets increased by 91.7% over the same period, from $403K to $773K. Total functional expenses rose by 371.6%, from $28K to $133K. The organization holds $1 in liabilities against $773K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $773K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-37,632 | $133K | $773K | $1 | — | View 990 |
| 2022 | $69K | $18K | $943K | $1 | — | View 990 |
| 2021 | $88K | $44K | $892K | $0 | — | — |
| 2020 | $625K | $31K | $848K | $0 | — | View 990 |
| 2019 | $23K | $36K | $254K | $0 | — | View 990 |
| 2015 | $34K | $34K | $320K | $1 | — | View 990 |
| 2014 | $12K | $41K | $320K | $0 | — | View 990 |
| 2013 | $11K | $38K | $349K | $0 | — | View 990 |
| 2012 | $11K | $39K | $376K | $0 | — | View 990 |
| 2011 | $14K | $28K | $403K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-37,632, expenses of $133K, and assets of $773K (revenue -154.3% year-over-year).
- 2022: Revenue of $69K, expenses of $18K, and assets of $943K (revenue -21.6% year-over-year).
- 2021: Revenue of $88K, expenses of $44K, and assets of $892K (revenue -85.8% year-over-year).
- 2020: Revenue of $625K, expenses of $31K, and assets of $848K (revenue +2604.0% year-over-year).
- 2019: Revenue of $23K, expenses of $36K, and assets of $254K (revenue -32.8% year-over-year).
- 2015: Revenue of $34K, expenses of $34K, and assets of $320K (revenue +177.3% year-over-year).
- 2014: Revenue of $12K, expenses of $41K, and assets of $320K (revenue +12.6% year-over-year).
- 2013: Revenue of $11K, expenses of $38K, and assets of $349K (revenue +0.3% year-over-year).
- 2012: Revenue of $11K, expenses of $39K, and assets of $376K (revenue -22.7% year-over-year).
- 2011: Revenue of $14K, expenses of $28K, and assets of $403K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Karl Schooler Scholarship Tr Fund:
Data Sources and Methodology
This transparency report for Karl Schooler Scholarship Tr Fund 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.