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
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 →
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 $96K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Leeke L Magee Scholarship Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Leeke L Magee Scholarship Trust with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Leeke L Magee Scholarship Trust allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no officers or key employees receive salaries from the trust. This is highly commendable for an organization of its size, ensuring all available funds are directed towards its scholarship mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Leeke L Magee Scholarship Trust's IRS 990 filings:
- Negative revenue reported in 202012 ($-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?
Based on AI analysis of IRS 990 filings, Leeke L Magee Scholarship Trust (EIN: 206396586) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Leeke L Magee Scholarship Trust spend its money?
Leeke L Magee Scholarship Trust directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
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.
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.
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.