Trumbull High School Scholarship Foundation Inc
Trumbull High School Scholarship Foundation: Consistent Program Spending, Modest Growth
EIN: 222728365 · Trumbull, CT · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $45K |
| Total Expenses | $42K |
| Program Spending | 85% |
| Net Assets | $460K |
| Transparency Score | 75/100 |
Is Trumbull High School 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 →
Trumbull High School Scholarship Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Trumbull High School Scholarship Foundation Inc
Trumbull High School Scholarship Foundation Inc (EIN: 222728365) is a nonprofit organization based in Trumbull, CT. The organization reported total revenue of $45K and total assets of $478K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Trumbull High School Scholarship Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Trumbull High School Scholarship Foundation Inc is a micro nonprofit that has been operating for 38 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of -46.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $35K |
| Total Expenses | $42K |
| Surplus / Deficit | $-6,989 |
| Total Assets | $460K |
| Net Assets | $460K |
| Operating Margin | -19.8% |
| Months of Reserves | 130.5 months |
Financial Health Grade: B
In 2023, Trumbull High School Scholarship Foundation Inc reported a deficit of $7K with expenses exceeding revenue, holds 130.5 months of operating reserves (strong position).
Financial Trends
Over 4 years of filings (2020–2023), Trumbull High School Scholarship Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -46.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.3% | -12.0% | +1.4% |
| 2022 | -51.6% | +20.3% | -10.0% |
| 2021 | -68.2% | +5.3% | +7.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
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 Trumbull High School 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: 5%
- programs: 85%
- fundraising: 10%
According to IRS 990 filings, Trumbull High School Scholarship Foundation Inc allocates its expenses as follows: admin: 5%, programs: 85%, fundraising: 10%. With 85% 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 $7K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is not reported, indicating a volunteer-led organization, which is common for smaller scholarship foundations.
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 Trumbull High School Scholarship Foundation Inc:
- Strong program spending, consistently allocating a high percentage of expenses to scholarships.
- Healthy asset base of $477,732 as of 2023, providing a solid foundation for future scholarships.
- Low administrative and fundraising costs, maximizing impact per dollar.
Frequently Asked Questions about Trumbull High School Scholarship Foundation Inc
Is Trumbull High School Scholarship Foundation Inc a legitimate charity?
Trumbull High School Scholarship Foundation Inc (EIN: 222728365) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 75/100. It has 4 years of IRS 990 filings on record. Total revenue: $45K. No red flags identified. 3 strengths noted. Financial health grade: B.
How does Trumbull High School Scholarship Foundation Inc spend its money?
Trumbull High School Scholarship Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Trumbull High School Scholarship Foundation Inc tax-deductible?
Trumbull High School Scholarship Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222728365). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Trumbull High School Scholarship Foundation Inc's spending goes to programs?
Trumbull High School Scholarship Foundation Inc directs 85% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Trumbull High School Scholarship Foundation Inc located?
Trumbull High School Scholarship Foundation Inc is headquartered in Trumbull, Connecticut and files with the IRS under EIN 222728365.
How many years of IRS 990 filings does Trumbull High School Scholarship Foundation Inc have?
Trumbull High School Scholarship Foundation Inc has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $45K in total revenue.
What does Trumbull High School Scholarship Foundation Inc do?
Trumbull High School Scholarship Foundation Inc is a nonprofit organization in the Unknown sector, located in Trumbull, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Trumbull High School Scholarship Foundation Inc have?
Trumbull High School Scholarship Foundation Inc reported total revenue of $44,909. Based on 4 IRS 990 filings on record.
What are Trumbull High School Scholarship Foundation Inc's total assets?
Trumbull High School Scholarship Foundation Inc holds total assets of $477,732 as reported in IRS 990 filings.
Where is Trumbull High School Scholarship Foundation Inc located?
Trumbull High School Scholarship Foundation Inc is based in Trumbull, Connecticut.
What is Trumbull High School Scholarship Foundation Inc's EIN?
Trumbull High School Scholarship Foundation Inc's Employer Identification Number (EIN) is 222728365. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Trumbull High School Scholarship Foundation Inc?
Trumbull High School Scholarship Foundation Inc is classified under NTEE code Unknown (Unknown).
Is Trumbull High School Scholarship Foundation Inc a registered 501(c)(3)?
Trumbull High School Scholarship Foundation Inc appears in IRS records (EIN: 222728365). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Trumbull High School Scholarship Foundation Inc file IRS Form 990?
Yes, Trumbull High School Scholarship Foundation Inc has 4 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Trumbull High School Scholarship Foundation Inc's revenue in 2023?
In the 202312 filing period, Trumbull High School Scholarship Foundation Inc reported total revenue of $35,295, total expenses of $42,284, and net assets of $459,928.
Is Trumbull High School Scholarship Foundation Inc's revenue growing or declining?
Trumbull High School Scholarship Foundation Inc's revenue is relatively stable. Revenue went from $34,501 (202212) to $35,295 (202312), a +2.3% change. Based on 4 filings on record.
What is Trumbull High School Scholarship Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Trumbull High School Scholarship Foundation Inc covers tax period 202312. It shows revenue of $35,295, expenses of $42,284, total assets of $459,928, and liabilities of N/A.
How much does Trumbull High School Scholarship Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Trumbull High School Scholarship Foundation Inc allocates approximately 85% of expenses to program services, 5% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Trumbull High School Scholarship Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Trumbull High School Scholarship Foundation Inc appears trustworthy. Mission Score: 75/100 (Good). No red flags identified. 3 strengths noted.
What are Trumbull High School Scholarship Foundation Inc's strengths?
Positive indicators for Trumbull High School Scholarship Foundation Inc include: Strong program spending, consistently allocating a high percentage of expenses to scholarships.. Healthy asset base of $477,732 as of 2023, providing a solid foundation for future scholarships.. Low administrative and fundraising costs, maximizing impact per dollar.. These findings are derived from AI analysis of the organization's financial filings.
How does Trumbull High School Scholarship Foundation Inc compensate executives?
Executive compensation is not reported, indicating a volunteer-led organization, which is common for smaller scholarship foundations. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent revenue and expense figures, what is the primary strategy for asset growth or endowment building?
The foundation's assets have fluctuated slightly, from $504,088 in 2021 to $477,732 in 2023. Without significant net income growth, asset growth likely relies on investment returns rather than substantial operational surpluses.
How does the foundation ensure its scholarship programs remain relevant and impactful for Trumbull High School students over time?
While specific program details aren't in the provided data, the consistent allocation of funds to 'programs' (85% of spending) suggests a stable commitment. Relevance would typically be maintained through ongoing engagement with the high school and community needs.
Filing History
IRS 990 filing history for Trumbull High School Scholarship Foundation Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Trumbull High School Scholarship Foundation Inc's revenue has declined by 84.2%, moving from $224K to $35K. Total assets decreased by 1.8% over the same period, from $468K to $460K. Total functional expenses rose by 11.4%, from $38K to $42K. In its most recent filing year (2023), Trumbull High School Scholarship Foundation Inc reported a deficit of $7K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $35K | $42K | $460K | $0 | — | — |
| 2022 | $35K | $48K | $454K | $0 | — | — |
| 2021 | $71K | $40K | $504K | $0 | — | — |
| 2020 | $224K | $38K | $468K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $35K, expenses of $42K, and assets of $460K (revenue +2.3% year-over-year).
- 2022: Revenue of $35K, expenses of $48K, and assets of $454K (revenue -51.6% year-over-year).
- 2021: Revenue of $71K, expenses of $40K, and assets of $504K (revenue -68.2% year-over-year).
- 2020: Revenue of $224K, expenses of $38K, and assets of $468K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Trumbull High School Scholarship Foundation Inc:
Data Sources and Methodology
This transparency report for Trumbull High School 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.