Leeke L Magee Scholarship Trust
Leeke L Magee Scholarship Trust maintains stable assets with no executive compensation, despite fluctuating modest revenues.
EIN: 206396586 · Franklinton, LA · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5K |
| Total Expenses | $3K |
| Program Spending | 95% |
| Net Assets | $100K |
| Transparency Score | 90/100 |
Search Intent Cockpit
Leeke L Magee Scholarship Trust Form 990, Revenue, CEO Pay, and IRS Filing Signals
Leeke L Magee Scholarship Trust 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 Leeke L Magee Scholarship Trust in one place.
Form 990 Filing Summary
8 filing years are available, with latest revenue of $4K and expenses of $3K.
Revenue and Expenses
Leeke L Magee Scholarship Trust reported $4K in revenue and $3K in expenses, a surplus of $995.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
90/100 mission score, 1 red flag, and 4 strengths are shown from structured and AI review.
Is Leeke L Magee Scholarship Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
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 | $2K (95%) |
Across stored filings, Leeke L Magee Scholarship Trust shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 1 red flag identified |
| Mission spend | 95% to programs | Excellent |
| Financial durability | Grade A | 8 stored filing years |
| Peer context | Compare with Baton Rouge Capital Conflict Office Inc | Louisiana and Education context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
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Keep the Investigation Moving
Leeke L Magee Scholarship Trust directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Leeke L Magee Scholarship Trust
Leeke L Magee Scholarship Trust (EIN: 206396586) is a nonprofit organization based in Franklinton, LA, classified under NTEE code B82. The organization reported total revenue of $5K and total assets of $96K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Leeke L Magee Scholarship Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Leeke L Magee Scholarship Trust is a micro nonprofit that has been operating for 12 years, with 8 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of -14.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4K |
| Total Expenses | $3K |
| Surplus / Deficit | +$995 |
| Total Assets | $100K |
| Total Liabilities | $1 |
| Net Assets | $100K |
| Operating Margin | 28.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 474.6 months |
Financial Health Grade: A
In 2023, Leeke L Magee Scholarship Trust reported a surplus of $995 with revenue exceeding expenses, holds 474.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 8 years of filings (2013–2023), Leeke L Magee Scholarship Trust's revenue has declined at a compound annual growth rate (CAGR) of -14.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -52.9% | -52.7% | +1.0% |
| 2022 | +171.5% | -39.8% | +2.2% |
| 2020 | -184.3% | -60.3% | -5.8% |
| 2019 | -5.9% | -26.7% | -21.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
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 Leeke L Magee Scholarship Trust with a Mission Score of 90 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Leeke L Magee Scholarship Trust allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $995, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no officers or key employees receive salaries from the trust. This is highly commendable for an organization of its size, ensuring all available funds are directed towards its scholarship mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Leeke L Magee Scholarship Trust's IRS 990 filings:
- Negative revenue reported in 202012 ($-2,798) without clear explanation in summary data.
Strengths
The following positive indicators were identified for Leeke L Magee Scholarship Trust:
- Consistent 0% officer compensation across all filings, indicating high efficiency.
- Very low liabilities ($1 in recent years), demonstrating strong financial health.
- Stable asset base around $95,000-$100,000 in recent years, providing a solid foundation.
- Consistent IRS 990 filing history (8 filings), indicating good transparency and compliance.
Frequently Asked Questions about Leeke L Magee Scholarship Trust
Is Leeke L Magee Scholarship Trust a legitimate charity?
Leeke L Magee Scholarship Trust (EIN: 206396586) is a registered tax-exempt nonprofit based in Louisiana. Our AI analysis gives it a Mission Score of 90/100. It has 8 years of IRS 990 filings on record. Total revenue: $5K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Leeke L Magee Scholarship Trust spend its money?
Leeke L Magee Scholarship Trust directs 95% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Leeke L Magee Scholarship Trust tax-deductible?
Leeke L Magee Scholarship Trust is registered as a tax-exempt nonprofit (EIN: 206396586). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Leeke L Magee Scholarship Trust compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Leeke L Magee Scholarship Trust 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 Leeke L Magee Scholarship Trust located?
Leeke L Magee Scholarship Trust is headquartered in Franklinton, Louisiana and files with the IRS under EIN 206396586. It is classified under NTEE code B82.
How many years of IRS 990 filings does Leeke L Magee Scholarship Trust have?
Leeke L Magee Scholarship Trust has 8 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 $5K in total revenue.
Is Leeke L Magee Scholarship Trust a good charity?
Based on the provided data, the Leeke L Magee Scholarship Trust appears to be a good charity. It maintains a strong asset base relative to its revenue, has negligible liabilities, and most notably, reports 0% officer compensation, suggesting a very high proportion of funds are directed to its mission.
How does the organization manage its expenses?
The organization generally manages its expenses well, with expenses often lower than or comparable to revenue in recent years (e.g., $2,519 expenses vs. $3,514 revenue in 202312). There were periods of higher expenses relative to revenue (e.g., 202112, 201912, 201512, 201412), but these did not significantly erode the asset base, indicating prudent long-term financial management.
What is the trend in the trust's assets?
The trust's assets have shown a gradual decline from a high of $163,750 in 201312 to $95,901 currently, but have stabilized around the $95,000-$100,000 mark in the most recent filings (2021-2023), indicating a relatively stable financial foundation in recent years.
Filing History
IRS 990 filing history for Leeke L Magee Scholarship Trust showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2013–2023), Leeke L Magee Scholarship Trust's revenue has declined by 77.9%, moving from $16K to $4K. Total assets decreased by 39.2% over the same period, from $164K to $100K. Total functional expenses fell by 18.8%, from $3K to $3K. In its most recent filing year (2023), Leeke L Magee Scholarship Trust reported a surplus of $995, with revenue exceeding expenses. The organization holds $1 in liabilities against $100K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $100K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4K | $3K | $100K | $1 | — | — |
| 2022 | $7K | $5K | $99K | $1 | — | View 990 |
| 2021 | $3K | $9K | $97K | $1 | — | — |
| 2020 | $-2,798 | $4K | $103K | $1 | — | — |
| 2019 | $3K | $9K | $109K | $1 | — | View 990 |
| 2015 | $4K | $12K | $138K | $1 | — | View 990 |
| 2014 | $3K | $20K | $147K | $0 | — | View 990 |
| 2013 | $16K | $3K | $164K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4K, expenses of $3K, and assets of $100K (revenue -52.9% year-over-year).
- 2022: Revenue of $7K, expenses of $5K, and assets of $99K (revenue +171.5% year-over-year).
- 2021: Revenue of $3K, expenses of $9K, and assets of $97K.
- 2020: Revenue of $-2,798, expenses of $4K, and assets of $103K (revenue -184.3% year-over-year).
- 2019: Revenue of $3K, expenses of $9K, and assets of $109K (revenue -5.9% year-over-year).
- 2015: Revenue of $4K, expenses of $12K, and assets of $138K (revenue +20.1% year-over-year).
- 2014: Revenue of $3K, expenses of $20K, and assets of $147K (revenue -81.6% year-over-year).
- 2013: Revenue of $16K, expenses of $3K, and assets of $164K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Leeke L Magee Scholarship Trust:
Data Sources and Methodology
This transparency report for Leeke L Magee Scholarship Trust 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.