Mary Louise Gidley Scholarship Fund
EIN: 421091743 · Shenandoah, IA
| Metric | Value |
|---|---|
| Total Revenue | $47K |
| Total Expenses | $5K |
| Net Assets | $384K |
Is Mary Louise Gidley 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 Mary Louise Gidley Scholarship Fund
Mary Louise Gidley Scholarship Fund (EIN: 421091743) is a nonprofit organization based in Shenandoah, IA. The organization reported total revenue of $47K and total assets of $377K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mary Louise Gidley Scholarship Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mary Louise Gidley Scholarship Fund is a micro nonprofit that has been operating for 48 years, with 9 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -9.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $506 |
| Total Expenses | $5K |
| Surplus / Deficit | $-4,990 |
| Total Assets | $384K |
| Total Liabilities | $1 |
| Net Assets | $384K |
| Operating Margin | -986.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 837.7 months |
Financial Health Grade: B
In 2023, Mary Louise Gidley Scholarship Fund reported a deficit of $5K with expenses exceeding revenue, holds 837.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2023), Mary Louise Gidley Scholarship Fund's revenue has declined at a compound annual growth rate (CAGR) of -9.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +39.0% | -35.6% | -1.3% |
| 2022 | -55.6% | +85.4% | -2.1% |
| 2021 | -38.9% | -27.0% | -0.9% |
| 2020 | +46.2% | -0.7% | -1.2% |
| 2019 | +58.1% | -46.7% | -4.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1978 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Mary Louise Gidley 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 Mary Louise Gidley 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 $5K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Mary Louise Gidley Scholarship Fund
Is Mary Louise Gidley Scholarship Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Mary Louise Gidley Scholarship Fund (EIN: 421091743) insufficient data. 0 red flags identified, 0 strengths noted.
How does Mary Louise Gidley Scholarship Fund spend its money?
Detailed spending breakdown data is not yet available for Mary Louise Gidley Scholarship Fund. Check back for updated IRS 990 analysis.
Are donations to Mary Louise Gidley Scholarship Fund tax-deductible?
Mary Louise Gidley Scholarship Fund is registered as a tax-exempt nonprofit (EIN: 421091743). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Mary Louise Gidley Scholarship Fund located?
Mary Louise Gidley Scholarship Fund is headquartered in Shenandoah, Iowa and files with the IRS under EIN 421091743.
How many years of IRS 990 filings does Mary Louise Gidley Scholarship Fund have?
Mary Louise Gidley Scholarship Fund has 9 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 $47K in total revenue.
Filing History
IRS 990 filing history for Mary Louise Gidley Scholarship Fund showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2023), Mary Louise Gidley Scholarship Fund's revenue has declined by 70.9%, moving from $2K to $506. Total assets decreased by 14.5% over the same period, from $449K to $384K. Total functional expenses fell by 24.3%, from $7K to $5K. In its most recent filing year (2023), Mary Louise Gidley Scholarship Fund reported a deficit of $5K, with expenses exceeding revenue. The organization holds $1 in liabilities against $384K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $384K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $506 | $5K | $384K | $1 | — | — |
| 2022 | $364 | $9K | $389K | $1 | — | — |
| 2021 | $820 | $5K | $397K | $1 | — | View 990 |
| 2020 | $1K | $6K | $401K | $1 | — | — |
| 2019 | $917 | $6K | $406K | $1 | — | View 990 |
| 2015 | $580 | $12K | $425K | $0 | — | View 990 |
| 2013 | $886 | $5K | $439K | $0 | — | View 990 |
| 2012 | $1K | $6K | $444K | $0 | — | View 990 |
| 2011 | $2K | $7K | $449K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $506, expenses of $5K, and assets of $384K (revenue +39.0% year-over-year).
- 2022: Revenue of $364, expenses of $9K, and assets of $389K (revenue -55.6% year-over-year).
- 2021: Revenue of $820, expenses of $5K, and assets of $397K (revenue -38.9% year-over-year).
- 2020: Revenue of $1K, expenses of $6K, and assets of $401K (revenue +46.2% year-over-year).
- 2019: Revenue of $917, expenses of $6K, and assets of $406K (revenue +58.1% year-over-year).
- 2015: Revenue of $580, expenses of $12K, and assets of $425K (revenue -34.5% year-over-year).
- 2013: Revenue of $886, expenses of $5K, and assets of $439K (revenue -17.4% year-over-year).
- 2012: Revenue of $1K, expenses of $6K, and assets of $444K (revenue -38.2% year-over-year).
- 2011: Revenue of $2K, expenses of $7K, and assets of $449K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mary Louise Gidley Scholarship Fund:
Data Sources and Methodology
This transparency report for Mary Louise Gidley 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.