Marion L Hagar Memorial Scholarship Fund
Marion L Hagar Memorial Scholarship Fund: Declining Assets, Minimal Activity
EIN: 222816135 · Barton, VT · Updated: 2026-04-04
About Marion L Hagar Memorial Scholarship Fund
Marion L Hagar Memorial Scholarship Fund (EIN: 222816135) is a nonprofit organization based in Barton, VT. The organization reported total revenue of $51 and total assets of $3K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Marion L Hagar Memorial Scholarship Fund'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 Marion L Hagar Memorial Scholarship Fund with a Mission Score of 20 out of 100 (Poor). 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: 0%
- fundraising: 0%
According to IRS 990 filings, Marion L Hagar Memorial Scholarship Fund allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Executive Compensation Analysis
Executive compensation cannot be assessed as no compensation is reported in available filings.
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 Marion L Hagar Memorial Scholarship Fund's IRS 990 filings:
- Total assets have significantly declined from $12,814 in 2011 to $3,350 in 2019.
- Reported expenses are consistently very low (e.g., $1,277 in 2019), suggesting minimal operational activity.
- No program service accomplishments or descriptions are provided in the available data.
- The organization's purpose as a 'scholarship fund' is not clearly supported by reported activities or disbursements.
Strengths
The following positive indicators were identified for Marion L Hagar Memorial Scholarship Fund:
- The organization has maintained its tax-exempt status over the years.
- Expenses are extremely low, indicating no significant overhead costs.
Frequently Asked Questions about Marion L Hagar Memorial Scholarship Fund
What does Marion L Hagar Memorial Scholarship Fund do?
Marion L Hagar Memorial Scholarship Fund is a nonprofit organization in the Unknown sector, located in Barton, Vermont. It is classified under NTEE code Unknown.
How much revenue does Marion L Hagar Memorial Scholarship Fund have?
Marion L Hagar Memorial Scholarship Fund reported total revenue of $51. Based on 6 IRS 990 filings on record.
What are Marion L Hagar Memorial Scholarship Fund's total assets?
Marion L Hagar Memorial Scholarship Fund holds total assets of $3,350 as reported in IRS 990 filings.
Where is Marion L Hagar Memorial Scholarship Fund located?
Marion L Hagar Memorial Scholarship Fund is based in Barton, Vermont.
What is Marion L Hagar Memorial Scholarship Fund's EIN?
Marion L Hagar Memorial Scholarship Fund's Employer Identification Number (EIN) is 222816135. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Marion L Hagar Memorial Scholarship Fund?
Marion L Hagar Memorial Scholarship Fund is classified under NTEE code Unknown (Unknown).
Is Marion L Hagar Memorial Scholarship Fund a registered 501(c)(3)?
Marion L Hagar Memorial Scholarship Fund appears in IRS records (EIN: 222816135). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Marion L Hagar Memorial Scholarship Fund file IRS Form 990?
Yes, Marion L Hagar Memorial Scholarship Fund has 6 IRS Form 990 filings on record. The most recent covers tax period 201912.
What was Marion L Hagar Memorial Scholarship Fund's revenue in 2019?
In the 201912 filing period, Marion L Hagar Memorial Scholarship Fund reported total revenue of $51, total expenses of $1,277, and net assets of $3,350.
Is Marion L Hagar Memorial Scholarship Fund's revenue growing or declining?
Marion L Hagar Memorial Scholarship Fund's revenue is growing. Revenue went from $15 (201512) to $51 (201912), a +240.0% change. Based on 6 filings on record.
What is Marion L Hagar Memorial Scholarship Fund's most recent 990 filing?
The most recent IRS Form 990 filing for Marion L Hagar Memorial Scholarship Fund covers tax period 201912. It shows revenue of $51, expenses of $1,277, total assets of $3,350, and liabilities of N/A.
Is Marion L Hagar Memorial Scholarship Fund a trustworthy charity?
Based on AI analysis of IRS 990 data, Marion L Hagar Memorial Scholarship Fund has notable concerns. Mission Score: 20/100 (Poor). 4 red flags identified. 2 strengths noted.
What are the red flags for Marion L Hagar Memorial Scholarship Fund?
The following concerns were identified: Total assets have significantly declined from $12,814 in 2011 to $3,350 in 2019.. Reported expenses are consistently very low (e.g., $1,277 in 2019), suggesting minimal operational activity.. No program service accomplishments or descriptions are provided in the available data.. The organization's purpose as a 'scholarship fund' is not clearly supported by reported activities or disbursements.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Marion L Hagar Memorial Scholarship Fund's strengths?
Positive indicators for Marion L Hagar Memorial Scholarship Fund include: The organization has maintained its tax-exempt status over the years.. Expenses are extremely low, indicating no significant overhead costs.. These findings are derived from AI analysis of the organization's financial filings.
How does Marion L Hagar Memorial Scholarship Fund compensate executives?
Executive compensation cannot be assessed as no compensation is reported in available filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the 'scholarship fund' designation, why are there no reported program service expenses or scholarship disbursements in the provided financial data?
The available data consistently shows 'l0' for program service expenses and 'c0%' for program service revenue, indicating no direct scholarship disbursements or related program activities are being reported, despite the organization's name.
What is the intended use of the remaining assets, which have dwindled to $3,350 by 2019, and is there a plan for the fund's future?
The filings do not provide insight into the strategic plan for the remaining assets or the long-term viability and purpose of the fund, especially given the consistent decline in assets over the past decade.
Filing History
IRS 990 filing history for Marion L Hagar Memorial Scholarship Fund showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2019), Marion L Hagar Memorial Scholarship Fund's revenue has grown by 6.3%, moving from $48 to $51. Total assets decreased by 73.9% over the same period, from $13K to $3K. Total functional expenses rose by 82.2%, from $701 to $1K. In its most recent filing year (2019), Marion L Hagar Memorial Scholarship Fund reported a deficit of $1K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2019 | $51 | $1K | $3K | $0 | — | View 990 |
| 2015 | $15 | $1K | $8K | $0 | — | View 990 |
| 2014 | $16 | $1K | $9K | $0 | — | View 990 |
| 2013 | $20 | $1K | $11K | $0 | — | View 990 |
| 2012 | $22 | $1K | $12K | $0 | — | View 990 |
| 2011 | $48 | $701 | $13K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $51, expenses of $1K, and assets of $3K (revenue +240.0% year-over-year).
- 2015: Revenue of $15, expenses of $1K, and assets of $8K (revenue -6.3% year-over-year).
- 2014: Revenue of $16, expenses of $1K, and assets of $9K (revenue -20.0% year-over-year).
- 2013: Revenue of $20, expenses of $1K, and assets of $11K (revenue -9.1% year-over-year).
- 2012: Revenue of $22, expenses of $1K, and assets of $12K (revenue -54.2% year-over-year).
- 2011: Revenue of $48, expenses of $701, and assets of $13K.
Data Sources and Methodology
This transparency report for Marion L Hagar Memorial Scholarship 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.