The Minority Scholarship Fund
EIN: 571101123 · Greenville, SC
| Metric | Value |
|---|---|
| Total Expenses | $63K |
| Net Assets | $58K |
Is The Minority 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 The Minority Scholarship Fund
The Minority Scholarship Fund (EIN: 571101123) is a nonprofit organization based in Greenville, SC. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Minority Scholarship Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Minority Scholarship Fund is a micro nonprofit, with 3 years of IRS 990 filings on record (2012–2014). Revenue has grown at a compound annual rate of -32.5%.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
| Total Revenue | $26K |
| Total Expenses | $63K |
| Surplus / Deficit | $-36,972 |
| Total Assets | $59K |
| Total Liabilities | $782 |
| Net Assets | $58K |
| Operating Margin | -142.9% |
| Debt-to-Asset Ratio | 1.3% |
| Months of Reserves | 11.2 months |
Financial Health Grade: B
In 2014, The Minority Scholarship Fund reported a deficit of $37K with expenses exceeding revenue, holds 11.2 months of operating reserves (strong position), has a debt-to-asset ratio of 1.3% (very low leverage).
Financial Trends
Over 3 years of filings (2012–2014), The Minority Scholarship Fund's revenue has declined at a compound annual growth rate (CAGR) of -32.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2014 | -17.8% | +12.6% | -38.1% |
| 2013 | -44.6% | +984.3% | -20.9% |
AI Analysis Pending
AI enrichment for The Minority 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 The Minority 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 (2014)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $37K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.3%.
Frequently Asked Questions about The Minority Scholarship Fund
Is The Minority Scholarship Fund a legitimate charity?
The Minority Scholarship Fund (EIN: 571101123) is a registered tax-exempt nonprofit based in South Carolina. It has 3 years of IRS 990 filings on record. No red flags identified. Financial health grade: B.
How does The Minority Scholarship Fund spend its money?
The Minority Scholarship Fund reported its financials in IRS 990 filings. 3 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to The Minority Scholarship Fund tax-deductible?
The Minority Scholarship Fund is registered as a tax-exempt nonprofit (EIN: 571101123). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Minority Scholarship Fund located?
The Minority Scholarship Fund is headquartered in Greenville, South Carolina and files with the IRS under EIN 571101123.
How many years of IRS 990 filings does The Minority Scholarship Fund have?
The Minority Scholarship Fund has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Filing History
IRS 990 filing history for The Minority Scholarship Fund showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2012–2014), The Minority Scholarship Fund's revenue has declined by 54.5%, moving from $57K to $26K. Total assets decreased by 51% over the same period, from $120K to $59K. Total functional expenses rose by 1120.9%, from $5K to $63K. In its most recent filing year (2014), The Minority Scholarship Fund reported a deficit of $37K, with expenses exceeding revenue. The organization holds $782 in liabilities against $59K in assets (debt-to-asset ratio: 1.3%), resulting in net assets of $58K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2014 | $26K | $63K | $59K | $782 | — | View 990 |
| 2013 | $31K | $56K | $95K | $0 | — | View 990 |
| 2012 | $57K | $5K | $120K | $767 | — | View 990 |
Year-by-Year Financial Summary
- 2014: Revenue of $26K, expenses of $63K, and assets of $59K (revenue -17.8% year-over-year).
- 2013: Revenue of $31K, expenses of $56K, and assets of $95K (revenue -44.6% year-over-year).
- 2012: Revenue of $57K, expenses of $5K, and assets of $120K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Minority Scholarship Fund:
Data Sources and Methodology
This transparency report for The Minority 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.