Southbury Middlebury Scholarship Foundation Inc
Southbury Middlebury Scholarship Foundation: Consistent Support, Modest Growth
EIN: 222471012 · Middlebury, CT · Updated: 2026-04-04
Is Southbury Middlebury Scholarship Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Southbury Middlebury Scholarship Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Southbury Middlebury Scholarship Foundation Inc
Southbury Middlebury Scholarship Foundation Inc (EIN: 222471012) is a nonprofit organization based in Middlebury, CT. The organization reported total revenue of $55K and total assets of $311K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Southbury Middlebury Scholarship Foundation Inc'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 Southbury Middlebury Scholarship Foundation Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Southbury Middlebury Scholarship Foundation Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is not reported in the provided data, suggesting it is below the disclosure threshold or non-existent, which is positive for a small scholarship foundation.
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 Southbury Middlebury Scholarship Foundation Inc:
- Consistent revenue generation over many years, demonstrating sustained donor support.
- Healthy asset growth from $257,356 in 2017 to $330,506 in 2024, indicating effective financial stewardship.
- Zero reported liabilities across all years, reflecting strong financial health.
- Expenses are consistently lower than revenue in most years, allowing for asset accumulation.
Frequently Asked Questions about Southbury Middlebury Scholarship Foundation Inc
Is Southbury Middlebury Scholarship Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Southbury Middlebury Scholarship Foundation Inc (EIN: 222471012) appears legitimate. Mission Score: 75/100. 0 red flags identified, 4 strengths noted.
How does Southbury Middlebury Scholarship Foundation Inc spend its money?
Southbury Middlebury Scholarship Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Southbury Middlebury Scholarship Foundation Inc tax-deductible?
Southbury Middlebury Scholarship Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222471012). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Southbury Middlebury Scholarship Foundation Inc do?
Southbury Middlebury Scholarship Foundation Inc is a nonprofit organization in the Unknown sector, located in Middlebury, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Southbury Middlebury Scholarship Foundation Inc have?
Southbury Middlebury Scholarship Foundation Inc reported total revenue of $55,076. Based on 13 IRS 990 filings on record.
What are Southbury Middlebury Scholarship Foundation Inc's total assets?
Southbury Middlebury Scholarship Foundation Inc holds total assets of $310,762 as reported in IRS 990 filings.
Where is Southbury Middlebury Scholarship Foundation Inc located?
Southbury Middlebury Scholarship Foundation Inc is based in Middlebury, Connecticut.
What is Southbury Middlebury Scholarship Foundation Inc's EIN?
Southbury Middlebury Scholarship Foundation Inc's Employer Identification Number (EIN) is 222471012. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Southbury Middlebury Scholarship Foundation Inc?
Southbury Middlebury Scholarship Foundation Inc is classified under NTEE code Unknown (Unknown).
Is Southbury Middlebury Scholarship Foundation Inc a registered 501(c)(3)?
Southbury Middlebury Scholarship Foundation Inc appears in IRS records (EIN: 222471012). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Southbury Middlebury Scholarship Foundation Inc file IRS Form 990?
Yes, Southbury Middlebury Scholarship Foundation Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was Southbury Middlebury Scholarship Foundation Inc's revenue in 2024?
In the 202406 filing period, Southbury Middlebury Scholarship Foundation Inc reported total revenue of $75,792, total expenses of $44,323, and net assets of $330,506.
Is Southbury Middlebury Scholarship Foundation Inc's revenue growing or declining?
Southbury Middlebury Scholarship Foundation Inc's revenue is growing. Revenue went from $30,201 (202306) to $75,792 (202406), a +151.0% change. Based on 13 filings on record.
What is Southbury Middlebury Scholarship Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Southbury Middlebury Scholarship Foundation Inc covers tax period 202406. It shows revenue of $75,792, expenses of $44,323, total assets of $330,506, and liabilities of N/A.
How much does Southbury Middlebury Scholarship Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Southbury Middlebury Scholarship Foundation Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Southbury Middlebury Scholarship Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Southbury Middlebury Scholarship Foundation Inc appears trustworthy. Mission Score: 75/100 (Good). No red flags identified. 4 strengths noted.
What are Southbury Middlebury Scholarship Foundation Inc's strengths?
Positive indicators for Southbury Middlebury Scholarship Foundation Inc include: Consistent revenue generation over many years, demonstrating sustained donor support.. Healthy asset growth from $257,356 in 2017 to $330,506 in 2024, indicating effective financial stewardship.. Zero reported liabilities across all years, reflecting strong financial health.. Expenses are consistently lower than revenue in most years, allowing for asset accumulation.. These findings are derived from AI analysis of the organization's financial filings.
How does Southbury Middlebury Scholarship Foundation Inc compensate executives?
Executive compensation is not reported in the provided data, suggesting it is below the disclosure threshold or non-existent, which is positive for a small scholarship foundation. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent revenue and asset growth, what specific strategies does the foundation employ to identify and support students from both Southbury and Middlebury?
While the financial data shows consistent support, the specific strategies for student identification and support are not detailed in the provided financial filings. This would require reviewing their program descriptions or annual reports.
With an average annual revenue of approximately $35,000 over the last 8 years, how many scholarships are typically awarded each year, and what is their average value?
The financial data provided does not specify the number or value of scholarships awarded. It only details total revenue and expenses. To answer this, program-specific data would be needed.
Filing History
IRS 990 filing history for Southbury Middlebury Scholarship Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Southbury Middlebury Scholarship Foundation Inc's revenue has grown by 211.3%, moving from $24K to $76K. Total assets increased by 46.3% over the same period, from $226K to $331K. Total functional expenses rose by 69.2%, from $26K to $44K. In its most recent filing year (2024), Southbury Middlebury Scholarship Foundation Inc reported a surplus of $31K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $76K | $44K | $331K | $0 | — | — |
| 2023 | $30K | $27K | $265K | $0 | — | — |
| 2022 | $49K | $26K | $262K | $0 | — | — |
| 2021 | $31K | $25K | $294K | $0 | — | — |
| 2020 | $26K | $24K | $259K | $0 | — | View 990 |
| 2019 | $28K | $27K | $258K | $0 | — | View 990 |
| 2018 | $31K | $32K | $258K | $0 | — | View 990 |
| 2017 | $35K | $28K | $257K | $0 | — | View 990 |
| 2016 | $29K | $26K | $247K | $0 | — | View 990 |
| 2015 | $33K | $26K | $250K | $0 | — | View 990 |
| 2014 | $24K | $25K | $250K | $0 | — | View 990 |
| 2013 | $23K | $26K | $234K | $0 | — | View 990 |
| 2012 | $24K | $26K | $226K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $76K, expenses of $44K, and assets of $331K (revenue +151.0% year-over-year).
- 2023: Revenue of $30K, expenses of $27K, and assets of $265K (revenue -38.0% year-over-year).
- 2022: Revenue of $49K, expenses of $26K, and assets of $262K (revenue +58.9% year-over-year).
- 2021: Revenue of $31K, expenses of $25K, and assets of $294K (revenue +16.7% year-over-year).
- 2020: Revenue of $26K, expenses of $24K, and assets of $259K (revenue -5.0% year-over-year).
- 2019: Revenue of $28K, expenses of $27K, and assets of $258K (revenue -10.7% year-over-year).
- 2018: Revenue of $31K, expenses of $32K, and assets of $258K (revenue -10.6% year-over-year).
- 2017: Revenue of $35K, expenses of $28K, and assets of $257K (revenue +17.9% year-over-year).
- 2016: Revenue of $29K, expenses of $26K, and assets of $247K (revenue -11.9% year-over-year).
- 2015: Revenue of $33K, expenses of $26K, and assets of $250K (revenue +36.9% year-over-year).
- 2014: Revenue of $24K, expenses of $25K, and assets of $250K (revenue +5.9% year-over-year).
- 2013: Revenue of $23K, expenses of $26K, and assets of $234K (revenue -5.6% year-over-year).
- 2012: Revenue of $24K, expenses of $26K, and assets of $226K.
Data Sources and Methodology
This transparency report for Southbury Middlebury Scholarship Foundation Inc 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.