Mayors Scholarship Fund
EIN: 462507365 · Idaho Falls, ID · NTEE: B99
| Metric | Value |
|---|---|
| Total Revenue | $60K |
| Total Expenses | $49K |
| Net Assets | $347K |
Is Mayors 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 Mayors Scholarship Fund
Mayors Scholarship Fund (EIN: 462507365) is a nonprofit organization based in Idaho Falls, ID, classified under NTEE code B99. The organization reported total revenue of $60K and total assets of $439K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mayors Scholarship Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mayors Scholarship Fund is a micro nonprofit that has been operating for 12 years, with 10 years of IRS 990 filings on record (2015–2024). Revenue has grown at a compound annual rate of -18.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $53K |
| Total Expenses | $49K |
| Surplus / Deficit | +$4K |
| Total Assets | $424K |
| Total Liabilities | $77K |
| Net Assets | $347K |
| Operating Margin | 7.7% |
| Debt-to-Asset Ratio | 18.2% |
| Months of Reserves | 104.1 months |
Financial Health Grade: A
In 2024, Mayors Scholarship Fund reported a surplus of $4K with revenue exceeding expenses, holds 104.1 months of operating reserves (strong position), has a debt-to-asset ratio of 18.2% (very low leverage).
Financial Trends
Over 10 years of filings (2015–2024), Mayors Scholarship Fund's revenue has declined at a compound annual growth rate (CAGR) of -18.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +9.5% | -21.9% | +8.6% |
| 2023 | +27.4% | +15.3% | +1.3% |
| 2022 | -67.5% | +3.6% | -13.1% |
| 2021 | +230.5% | -11.0% | +17.0% |
| 2020 | -29.1% | +3.3% | -5.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Mayors 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 Mayors 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $4K, with revenue exceeding expenses.
- Debt-to-asset ratio: 18.2%.
Frequently Asked Questions about Mayors Scholarship Fund
Is Mayors Scholarship Fund a legitimate charity?
Mayors Scholarship Fund (EIN: 462507365) is a registered tax-exempt nonprofit based in Idaho. It has 10 years of IRS 990 filings on record. Total revenue: $60K. No red flags identified. Financial health grade: A.
How does Mayors Scholarship Fund spend its money?
Mayors Scholarship Fund reported $60K in total revenue in IRS 990 filings. 10 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Mayors Scholarship Fund tax-deductible?
Mayors Scholarship Fund is registered as a tax-exempt nonprofit (EIN: 462507365). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Mayors Scholarship Fund located?
Mayors Scholarship Fund is headquartered in Idaho Falls, Idaho and files with the IRS under EIN 462507365. It is classified under NTEE code B99.
How many years of IRS 990 filings does Mayors Scholarship Fund have?
Mayors Scholarship Fund 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 $60K in total revenue.
Filing History
IRS 990 filing history for Mayors Scholarship Fund showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2015–2024), Mayors Scholarship Fund's revenue has declined by 84.6%, moving from $345K to $53K. Total assets increased by 26.7% over the same period, from $335K to $424K. Total functional expenses rose by 418.4%, from $9K to $49K. In its most recent filing year (2024), Mayors Scholarship Fund reported a surplus of $4K, with revenue exceeding expenses. The organization holds $77K in liabilities against $424K in assets (debt-to-asset ratio: 18.2%), resulting in net assets of $347K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $53K | $49K | $424K | $77K | — | — |
| 2023 | $48K | $63K | $391K | $0 | — | View 990 |
| 2022 | $38K | $54K | $386K | $0 | — | — |
| 2021 | $117K | $52K | $444K | $0 | — | — |
| 2020 | $35K | $59K | $380K | $0 | — | View 990 |
| 2019 | $50K | $57K | $403K | $0 | — | View 990 |
| 2018 | $60K | $48K | $410K | $0 | — | — |
| 2017 | $67K | $35K | $398K | $0 | — | View 990 |
| 2016 | $64K | $32K | $367K | $0 | — | View 990 |
| 2015 | $345K | $9K | $335K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $53K, expenses of $49K, and assets of $424K (revenue +9.5% year-over-year).
- 2023: Revenue of $48K, expenses of $63K, and assets of $391K (revenue +27.4% year-over-year).
- 2022: Revenue of $38K, expenses of $54K, and assets of $386K (revenue -67.5% year-over-year).
- 2021: Revenue of $117K, expenses of $52K, and assets of $444K (revenue +230.5% year-over-year).
- 2020: Revenue of $35K, expenses of $59K, and assets of $380K (revenue -29.1% year-over-year).
- 2019: Revenue of $50K, expenses of $57K, and assets of $403K (revenue -17.4% year-over-year).
- 2018: Revenue of $60K, expenses of $48K, and assets of $410K (revenue -10.2% year-over-year).
- 2017: Revenue of $67K, expenses of $35K, and assets of $398K (revenue +5.7% year-over-year).
- 2016: Revenue of $64K, expenses of $32K, and assets of $367K (revenue -81.6% year-over-year).
- 2015: Revenue of $345K, expenses of $9K, and assets of $335K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mayors Scholarship Fund:
Data Sources and Methodology
This transparency report for Mayors 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.