Margaret Nelson Castle College Scholarship Tr
Scholarship fund maintains stable assets and zero executive compensation over a decade.
EIN: 200784171 · Smith Center, KS · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $148K |
| Total Expenses | $20K |
| Program Spending | 95% |
| Net Assets | $173K |
| Transparency Score | 92/100 |
Is Margaret Nelson Castle College Scholarship Tr Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Margaret Nelson Castle College Scholarship Tr directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Margaret Nelson Castle College Scholarship Tr
Margaret Nelson Castle College Scholarship Tr (EIN: 200784171) is a nonprofit organization based in Smith Center, KS, classified under NTEE code T20. The organization reported total revenue of $148K and total assets of $171K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Margaret Nelson Castle College Scholarship Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Margaret Nelson Castle College Scholarship Tr is a small nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 0.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $15K |
| Total Expenses | $20K |
| Surplus / Deficit | $-5,237 |
| Total Assets | $173K |
| Total Liabilities | $1 |
| Net Assets | $173K |
| Operating Margin | -35.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 103.8 months |
Financial Health Grade: B
In 2024, Margaret Nelson Castle College Scholarship Tr reported a deficit of $5K with expenses exceeding revenue, holds 103.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2012–2024), Margaret Nelson Castle College Scholarship Tr's revenue has grown at a compound annual growth rate (CAGR) of 0.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +211.4% | +15.1% | -2.9% |
| 2023 | -75.9% | +3.2% | -6.6% |
| 2022 | -24.1% | +47.3% | +1.5% |
| 2021 | +18.1% | +2.4% | +8.4% |
| 2020 | +99.1% | -36.0% | +3.0% |
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 Margaret Nelson Castle College Scholarship Tr with a Mission Score of 92 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, Margaret Nelson Castle College Scholarship Tr 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $5K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all ten filings, indicating that no salaries are paid to officers. This is exceptional for an organization of its size and ensures that all available funds are directed towards its charitable purpose.
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 Margaret Nelson Castle College Scholarship Tr's IRS 990 filings:
- Expenses occasionally exceed revenue, though this is common for endowed funds and assets remain stable.
Strengths
The following positive indicators were identified for Margaret Nelson Castle College Scholarship Tr:
- Consistently 0% officer compensation, ensuring funds go directly to programs.
- Stable asset base over a decade, demonstrating sound financial management.
- Minimal liabilities ($1 across all filings), indicating strong financial health.
- Clear alignment between NTEE code (T20 - Scholarship & Student Aid) and organizational name/mission.
- Consistent IRS 990 filing history, indicating good transparency.
Frequently Asked Questions about Margaret Nelson Castle College Scholarship Tr
Is Margaret Nelson Castle College Scholarship Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Margaret Nelson Castle College Scholarship Tr (EIN: 200784171) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Margaret Nelson Castle College Scholarship Tr spend its money?
Margaret Nelson Castle College Scholarship Tr directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Margaret Nelson Castle College Scholarship Tr tax-deductible?
Margaret Nelson Castle College Scholarship Tr is registered as a tax-exempt nonprofit (EIN: 200784171). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Margaret Nelson Castle College Scholarship Tr compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Margaret Nelson Castle College Scholarship Tr is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Margaret Nelson Castle College Scholarship Tr located?
Margaret Nelson Castle College Scholarship Tr is headquartered in Smith Center, Kansas and files with the IRS under EIN 200784171. It is classified under NTEE code T20.
How many years of IRS 990 filings does Margaret Nelson Castle College Scholarship Tr have?
Margaret Nelson Castle College Scholarship Tr 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 $148K in total revenue.
Is Margaret Nelson Castle College Scholarship Tr a good charity?
Yes, based on the provided data, it appears to be a very good charity. It consistently directs 100% of its officer compensation towards its mission, maintains stable assets, and has minimal liabilities, indicating strong financial health and a clear focus on its scholarship program.
How does the organization manage its expenses relative to its revenue?
The organization's expenses sometimes exceed its revenue, for example, in 202402 where expenses were $20,021 against revenue of $14,784. This is typical for endowed scholarship funds that draw from their principal or accumulated earnings to fulfill their mission, especially when investment returns fluctuate. However, assets remain stable, suggesting sustainable management.
What is the trend in the organization's assets?
The organization's assets have remained remarkably stable over the past decade, generally fluctuating between $170,000 and $190,000. For instance, assets were $175,679 in 201202 and $173,126 in 202402, indicating consistent stewardship of its endowment.
Filing History
IRS 990 filing history for Margaret Nelson Castle College Scholarship Tr showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Margaret Nelson Castle College Scholarship Tr's revenue has grown by 3.6%, moving from $14K to $15K. Total assets decreased by 1.5% over the same period, from $176K to $173K. Total functional expenses rose by 33.4%, from $15K to $20K. In its most recent filing year (2024), Margaret Nelson Castle College Scholarship Tr reported a deficit of $5K, with expenses exceeding revenue. The organization holds $1 in liabilities against $173K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $173K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $15K | $20K | $173K | $1 | — | — |
| 2023 | $5K | $17K | $178K | $1 | — | View 990 |
| 2022 | $20K | $17K | $191K | $1 | — | — |
| 2021 | $26K | $11K | $188K | $1 | — | — |
| 2020 | $22K | $11K | $174K | $1 | — | View 990 |
| 2016 | $11K | $17K | $169K | $1 | — | View 990 |
| 2015 | $17K | $17K | $175K | $1 | — | View 990 |
| 2014 | $16K | $15K | $175K | $1 | — | View 990 |
| 2013 | $14K | $15K | $174K | $1 | — | View 990 |
| 2012 | $14K | $15K | $176K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $15K, expenses of $20K, and assets of $173K (revenue +211.4% year-over-year).
- 2023: Revenue of $5K, expenses of $17K, and assets of $178K (revenue -75.9% year-over-year).
- 2022: Revenue of $20K, expenses of $17K, and assets of $191K (revenue -24.1% year-over-year).
- 2021: Revenue of $26K, expenses of $11K, and assets of $188K (revenue +18.1% year-over-year).
- 2020: Revenue of $22K, expenses of $11K, and assets of $174K (revenue +99.1% year-over-year).
- 2016: Revenue of $11K, expenses of $17K, and assets of $169K (revenue -33.5% year-over-year).
- 2015: Revenue of $17K, expenses of $17K, and assets of $175K (revenue +2.5% year-over-year).
- 2014: Revenue of $16K, expenses of $15K, and assets of $175K (revenue +18.2% year-over-year).
- 2013: Revenue of $14K, expenses of $15K, and assets of $174K (revenue -4.1% year-over-year).
- 2012: Revenue of $14K, expenses of $15K, and assets of $176K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Margaret Nelson Castle College Scholarship Tr:
Data Sources and Methodology
This transparency report for Margaret Nelson Castle College Scholarship Tr 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.