Marissa Lorea Scholarship Fund
EIN: 270277901 · Lincoln, RI · NTEE: B82
| Metric | Value |
|---|---|
| Total Revenue | $3K |
| Total Expenses | $7K |
| Net Assets | $11K |
Is Marissa Lorea Scholarship Fund Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Marissa Lorea Scholarship Fund
Marissa Lorea Scholarship Fund (EIN: 270277901) is a nonprofit organization based in Lincoln, RI, classified under NTEE code B82. The organization reported total revenue of $3K and total assets of $7K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Marissa Lorea Scholarship Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Marissa Lorea Scholarship Fund is a micro nonprofit that has been operating for 16 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -8.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4K |
| Total Expenses | $7K |
| Surplus / Deficit | $-2,863 |
| Total Assets | $11K |
| Net Assets | $11K |
| Operating Margin | -70.7% |
| Months of Reserves | 19.0 months |
Financial Health Grade: B
In 2023, Marissa Lorea Scholarship Fund reported a deficit of $3K with expenses exceeding revenue, holds 19.0 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Marissa Lorea Scholarship Fund's revenue has declined at a compound annual growth rate (CAGR) of -8.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.0% | -22.3% | -20.7% |
| 2022 | -5.8% | +0.3% | -26.0% |
| 2021 | -14.0% | -18.1% | -19.7% |
| 2020 | +0.0% | -35.5% | -20.1% |
| 2019 | -19.9% | +55.3% | -27.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Marissa Lorea Scholarship 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 Marissa Lorea Scholarship 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:
- The organization reported a deficit of $3K, with expenses exceeding revenue.
Frequently Asked Questions about Marissa Lorea Scholarship Fund
Is Marissa Lorea Scholarship Fund a legitimate charity?
Marissa Lorea Scholarship Fund (EIN: 270277901) is a registered tax-exempt nonprofit based in Rhode Island. It has 13 years of IRS 990 filings on record. Total revenue: $3K. No red flags identified. Financial health grade: B.
How does Marissa Lorea Scholarship Fund spend its money?
Marissa Lorea Scholarship Fund reported $3K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Marissa Lorea Scholarship Fund tax-deductible?
Marissa Lorea Scholarship Fund is registered as a tax-exempt nonprofit (EIN: 270277901). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Marissa Lorea Scholarship Fund located?
Marissa Lorea Scholarship Fund is headquartered in Lincoln, Rhode Island and files with the IRS under EIN 270277901. It is classified under NTEE code B82.
How many years of IRS 990 filings does Marissa Lorea Scholarship Fund have?
Marissa Lorea Scholarship Fund has 13 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 $3K in total revenue.
Filing History
IRS 990 filing history for Marissa Lorea Scholarship Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Marissa Lorea Scholarship Fund's revenue has declined by 67%, moving from $12K to $4K. Total assets decreased by 79.5% over the same period, from $53K to $11K. Total functional expenses fell by 34.8%, from $11K to $7K. In its most recent filing year (2023), Marissa Lorea Scholarship Fund reported a deficit of $3K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4K | $7K | $11K | $0 | — | — |
| 2022 | $4K | $9K | $14K | $0 | — | View 990 |
| 2021 | $4K | $9K | $19K | $0 | — | View 990 |
| 2020 | $5K | $11K | $23K | $0 | — | View 990 |
| 2019 | $5K | $17K | $29K | $0 | — | View 990 |
| 2018 | $6K | $11K | $40K | $0 | — | View 990 |
| 2017 | $6K | $9K | $45K | $0 | — | View 990 |
| 2016 | $6K | $13K | $48K | $0 | — | View 990 |
| 2015 | $11K | $13K | $55K | $0 | — | View 990 |
| 2014 | $11K | $11K | $57K | $0 | — | View 990 |
| 2013 | $12K | $13K | $55K | $0 | — | View 990 |
| 2012 | $13K | $9K | $58K | $0 | — | View 990 |
| 2011 | $12K | $11K | $53K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4K, expenses of $7K, and assets of $11K (revenue +0.0% year-over-year).
- 2022: Revenue of $4K, expenses of $9K, and assets of $14K (revenue -5.8% year-over-year).
- 2021: Revenue of $4K, expenses of $9K, and assets of $19K (revenue -14.0% year-over-year).
- 2020: Revenue of $5K, expenses of $11K, and assets of $23K (revenue +0.0% year-over-year).
- 2019: Revenue of $5K, expenses of $17K, and assets of $29K (revenue -19.9% year-over-year).
- 2018: Revenue of $6K, expenses of $11K, and assets of $40K (revenue +8.7% year-over-year).
- 2017: Revenue of $6K, expenses of $9K, and assets of $45K (revenue -0.7% year-over-year).
- 2016: Revenue of $6K, expenses of $13K, and assets of $48K (revenue -49.3% year-over-year).
- 2015: Revenue of $11K, expenses of $13K, and assets of $55K (revenue +4.5% year-over-year).
- 2014: Revenue of $11K, expenses of $11K, and assets of $57K (revenue -12.0% year-over-year).
- 2013: Revenue of $12K, expenses of $13K, and assets of $55K (revenue -4.5% year-over-year).
- 2012: Revenue of $13K, expenses of $9K, and assets of $58K (revenue +5.6% year-over-year).
- 2011: Revenue of $12K, expenses of $11K, and assets of $53K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Marissa Lorea Scholarship Fund:
Data Sources and Methodology
This transparency report for Marissa Lorea 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.