Nicholas Jennings Memorial Scholarship Fund
Nicholas Jennings Memorial Scholarship Fund consistently grows assets with minimal expenses and no officer compensation.
EIN: 203392776 · Hollis, NH · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $151K |
| Total Expenses | $8K |
| Program Spending | 95% |
| Net Assets | $596K |
| Transparency Score | 98/100 |
Is Nicholas Jennings Memorial Scholarship Fund Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Nicholas Jennings Memorial Scholarship Fund directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Nicholas Jennings Memorial Scholarship Fund
Nicholas Jennings Memorial Scholarship Fund (EIN: 203392776) is a nonprofit organization based in Hollis, NH, classified under NTEE code B82. The organization reported total revenue of $151K and total assets of $682K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nicholas Jennings Memorial Scholarship Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nicholas Jennings Memorial Scholarship Fund is a small nonprofit that has been operating for 12 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 5.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $72K |
| Total Expenses | $8K |
| Surplus / Deficit | +$64K |
| Total Assets | $596K |
| Net Assets | $596K |
| Operating Margin | 88.8% |
| Months of Reserves | 886.1 months |
Financial Health Grade: A
In 2023, Nicholas Jennings Memorial Scholarship Fund reported a surplus of $64K with revenue exceeding expenses, holds 886.1 months of operating reserves (strong position).
Financial Trends
Over 8 years of filings (2016–2023), Nicholas Jennings Memorial Scholarship Fund's revenue has grown at a compound annual growth rate (CAGR) of 5.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -15.1% | -5.5% | +30.9% |
| 2022 | +78.5% | +1.5% | -4.7% |
| 2021 | +95.1% | +8.9% | +22.0% |
| 2020 | +59.7% | -20.7% | +10.6% |
| 2019 | +2.2% | +9.3% | +18.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2014 |
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 Nicholas Jennings Memorial Scholarship Fund with a Mission Score of 98 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, Nicholas Jennings Memorial Scholarship Fund 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $64K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that its leadership is entirely volunteer-based, which is highly commendable for a nonprofit of its size.
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.
Strengths
The following positive indicators were identified for Nicholas Jennings Memorial Scholarship Fund:
- Consistent asset growth, reaching $682,307.
- Zero liabilities reported across all filings.
- Extremely low expense ratios (e.g., $8,075 expenses on $72,087 revenue in 2023).
- 0% officer compensation, indicating volunteer leadership.
- Strong financial health and long-term sustainability.
Frequently Asked Questions about Nicholas Jennings Memorial Scholarship Fund
Is Nicholas Jennings Memorial Scholarship Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Nicholas Jennings Memorial Scholarship Fund (EIN: 203392776) appears legitimate. Mission Score: 98/100. 0 red flags identified, 5 strengths noted.
How does Nicholas Jennings Memorial Scholarship Fund spend its money?
Nicholas Jennings Memorial Scholarship Fund directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Nicholas Jennings Memorial Scholarship Fund tax-deductible?
Nicholas Jennings Memorial Scholarship Fund is registered as a tax-exempt nonprofit (EIN: 203392776). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Nicholas Jennings Memorial Scholarship Fund compare to similar nonprofits?
With a transparency score of 98/100 (Excellent), Nicholas Jennings Memorial Scholarship Fund is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Nicholas Jennings Memorial Scholarship Fund located?
Nicholas Jennings Memorial Scholarship Fund is headquartered in Hollis, New Hampshire and files with the IRS under EIN 203392776. It is classified under NTEE code B82.
How many years of IRS 990 filings does Nicholas Jennings Memorial Scholarship Fund have?
Nicholas Jennings Memorial Scholarship Fund has 8 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 $151K in total revenue.
Is the Nicholas Jennings Memorial Scholarship Fund a good charity?
Based on its financial data, the Nicholas Jennings Memorial Scholarship Fund appears to be an excellent charity. It consistently grows its assets, maintains zero liabilities, and operates with extremely low expenses and no officer compensation, ensuring that donations are maximized for its scholarship program.
How much of my donation goes to programs?
Given the organization's very low overall expenses relative to its revenue and asset growth, it's highly probable that nearly all of your donation directly supports the scholarship program or contributes to the endowment that funds future scholarships. The spending breakdown estimates 95% for programs.
Does the organization have strong financial reserves?
Yes, the organization has very strong financial reserves. Its assets have grown consistently, reaching $682,307, while maintaining zero liabilities, indicating a robust and well-managed endowment or fund for future scholarships.
Filing History
IRS 990 filing history for Nicholas Jennings Memorial Scholarship Fund showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Nicholas Jennings Memorial Scholarship Fund's revenue has grown by 43.8%, moving from $50K to $72K. Total assets increased by 123% over the same period, from $267K to $596K. Total functional expenses fell by 21.9%, from $10K to $8K. In its most recent filing year (2023), Nicholas Jennings Memorial Scholarship Fund reported a surplus of $64K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $72K | $8K | $596K | $0 | — | View 990 |
| 2022 | $85K | $9K | $455K | $0 | — | — |
| 2021 | $48K | $8K | $478K | $0 | — | — |
| 2020 | $24K | $8K | $392K | $0 | — | — |
| 2019 | $15K | $10K | $354K | $0 | — | View 990 |
| 2018 | $15K | $9K | $300K | $0 | — | View 990 |
| 2017 | $45K | $7K | $326K | $0 | — | View 990 |
| 2016 | $50K | $10K | $267K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $72K, expenses of $8K, and assets of $596K (revenue -15.1% year-over-year).
- 2022: Revenue of $85K, expenses of $9K, and assets of $455K (revenue +78.5% year-over-year).
- 2021: Revenue of $48K, expenses of $8K, and assets of $478K (revenue +95.1% year-over-year).
- 2020: Revenue of $24K, expenses of $8K, and assets of $392K (revenue +59.7% year-over-year).
- 2019: Revenue of $15K, expenses of $10K, and assets of $354K (revenue +2.2% year-over-year).
- 2018: Revenue of $15K, expenses of $9K, and assets of $300K (revenue -66.8% year-over-year).
- 2017: Revenue of $45K, expenses of $7K, and assets of $326K (revenue -10.1% year-over-year).
- 2016: Revenue of $50K, expenses of $10K, and assets of $267K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nicholas Jennings Memorial Scholarship Fund:
Data Sources and Methodology
This transparency report for Nicholas Jennings 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.