The Las Vegas Scholarship Foundation
Las Vegas Scholarship Foundation maintains strong asset base with volunteer leadership and minimal liabilities.
EIN: 201831953 · Henderson, NV · NTEE: B12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $37K |
| Total Expenses | $31K |
| Program Spending | 90% |
| Net Assets | $444K |
| Transparency Score | 85/100 |
Is The Las Vegas Scholarship Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Las Vegas Scholarship Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Las Vegas Scholarship Foundation
The Las Vegas Scholarship Foundation (EIN: 201831953) is a nonprofit organization based in Henderson, NV, classified under NTEE code B12. The organization reported total revenue of $37K and total assets of $426K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Las Vegas Scholarship Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Las Vegas Scholarship Foundation is a micro nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $22K |
| Total Expenses | $31K |
| Surplus / Deficit | $-8,475 |
| Total Assets | $444K |
| Total Liabilities | $1 |
| Net Assets | $444K |
| Operating Margin | -38.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 173.2 months |
Financial Health Grade: B
In 2023, The Las Vegas Scholarship Foundation reported a deficit of $8K with expenses exceeding revenue, holds 173.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), The Las Vegas Scholarship Foundation's revenue has declined at a compound annual growth rate (CAGR) of -5.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -48.0% | +88.9% | +0.5% |
| 2022 | +116.9% | -77.4% | +6.4% |
| 2021 | -10.1% | +215.0% | -11.2% |
| 2020 | -46.9% | -24.9% | -0.2% |
| 2019 | +52.8% | +81.6% | +15.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2005 |
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 The Las Vegas Scholarship Foundation with a Mission Score of 85 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, The Las Vegas Scholarship Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 deficit of $8K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is likely volunteer-based or compensated through non-officer channels, which is highly favorable for directing funds to its mission.
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.
Red Flags
The following concerns were identified during AI analysis of The Las Vegas Scholarship Foundation's IRS 990 filings:
- Occasional years where expenses significantly exceed revenue, such as 2021 where expenses were $71,960 against $19,802 revenue, indicating reliance on reserves.
Strengths
The following positive indicators were identified for The Las Vegas Scholarship Foundation:
- Consistent 0% officer compensation across all filings, suggesting volunteer leadership or highly efficient compensation structures.
- Strong and growing asset base, with assets of $426,274 providing financial stability.
- Negligible liabilities ($0-$1) across all reported periods, indicating excellent financial health and low debt.
- Consistent IRS 990 filing history over a decade, demonstrating commitment to transparency.
Frequently Asked Questions about The Las Vegas Scholarship Foundation
Is The Las Vegas Scholarship Foundation a legitimate charity?
The Las Vegas Scholarship Foundation (EIN: 201831953) is a registered tax-exempt nonprofit based in Nevada. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $37K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does The Las Vegas Scholarship Foundation spend its money?
The Las Vegas Scholarship Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to The Las Vegas Scholarship Foundation tax-deductible?
The Las Vegas Scholarship Foundation is registered as a tax-exempt nonprofit (EIN: 201831953). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does The Las Vegas Scholarship Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), The Las Vegas Scholarship Foundation is above average for NTEE category B12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Las Vegas Scholarship Foundation located?
The Las Vegas Scholarship Foundation is headquartered in Henderson, Nevada and files with the IRS under EIN 201831953. It is classified under NTEE code B12.
How many years of IRS 990 filings does The Las Vegas Scholarship Foundation have?
The Las Vegas Scholarship Foundation 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 $37K in total revenue.
Is The Las Vegas Scholarship Foundation a good charity?
Based on the provided data, The Las Vegas Scholarship Foundation appears to be a good charity. It maintains a strong asset base ($426,274), consistently reports 0% officer compensation, and has negligible liabilities, all of which are positive indicators of financial health and commitment to its mission.
How does the organization manage its expenses relative to revenue?
The organization's expenses have fluctuated relative to revenue. In some years, like 2023 ($30,785 expenses vs. $22,310 revenue) and 2021 ($71,960 expenses vs. $19,802 revenue), expenses exceeded revenue, drawing from its substantial asset base. In other years, like 2022 ($16,294 expenses vs. $42,944 revenue), revenue significantly outpaced expenses, contributing to asset growth.
What is the trend in the organization's assets over time?
The organization's assets have shown a consistent upward trend over the past decade, growing from $377,738 in 2011 to $444,208 in 2023, indicating effective asset management and accumulation.
Filing History
IRS 990 filing history for The Las Vegas Scholarship Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Las Vegas Scholarship Foundation's revenue has declined by 48.3%, moving from $43K to $22K. Total assets increased by 17.6% over the same period, from $378K to $444K. Total functional expenses fell by 39.6%, from $51K to $31K. In its most recent filing year (2023), The Las Vegas Scholarship Foundation reported a deficit of $8K, with expenses exceeding revenue. The organization holds $1 in liabilities against $444K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $444K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $22K | $31K | $444K | $1 | — | — |
| 2022 | $43K | $16K | $442K | $1 | — | View 990 |
| 2021 | $20K | $72K | $415K | $1 | — | — |
| 2020 | $22K | $23K | $467K | $1 | — | View 990 |
| 2019 | $41K | $30K | $468K | $0 | — | View 990 |
| 2015 | $27K | $17K | $406K | $1 | — | View 990 |
| 2014 | $40K | $59K | $386K | $1 | — | View 990 |
| 2013 | $49K | $49K | $395K | $1 | — | View 990 |
| 2012 | $61K | $44K | $394K | $1 | — | View 990 |
| 2011 | $43K | $51K | $378K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $22K, expenses of $31K, and assets of $444K (revenue -48.0% year-over-year).
- 2022: Revenue of $43K, expenses of $16K, and assets of $442K (revenue +116.9% year-over-year).
- 2021: Revenue of $20K, expenses of $72K, and assets of $415K (revenue -10.1% year-over-year).
- 2020: Revenue of $22K, expenses of $23K, and assets of $467K (revenue -46.9% year-over-year).
- 2019: Revenue of $41K, expenses of $30K, and assets of $468K (revenue +52.8% year-over-year).
- 2015: Revenue of $27K, expenses of $17K, and assets of $406K (revenue -31.6% year-over-year).
- 2014: Revenue of $40K, expenses of $59K, and assets of $386K (revenue -19.3% year-over-year).
- 2013: Revenue of $49K, expenses of $49K, and assets of $395K (revenue -18.8% year-over-year).
- 2012: Revenue of $61K, expenses of $44K, and assets of $394K (revenue +40.1% year-over-year).
- 2011: Revenue of $43K, expenses of $51K, and assets of $378K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Las Vegas Scholarship Foundation:
Data Sources and Methodology
This transparency report for The Las Vegas Scholarship Foundation 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.