Ufa Class 34 Scholarship Prize Fd Norstar Trust Co
Ufa Class 34 Scholarship Prize Fd Norstar Trust Co operates with minimal revenue and declining assets.
EIN: 156014939 · Providence, RI · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1 |
| Total Expenses | $15 |
| Program Spending | 70% |
| Net Assets | $42 |
| Transparency Score | 45/100 |
Is Ufa Class 34 Scholarship Prize Fd Norstar Trust Co Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ufa Class 34 Scholarship Prize Fd Norstar Trust Co directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Ufa Class 34 Scholarship Prize Fd Norstar Trust Co
Ufa Class 34 Scholarship Prize Fd Norstar Trust Co (EIN: 156014939) is a nonprofit organization based in Providence, RI. The organization reported total revenue of $1 and total assets of $42 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ufa Class 34 Scholarship Prize Fd Norstar Trust Co's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ufa Class 34 Scholarship Prize Fd Norstar Trust Co is a micro nonprofit, with 6 years of IRS 990 filings on record (2011–2019). Revenue has grown at a compound annual rate of -8.3%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $1 |
| Total Expenses | $15 |
| Surplus / Deficit | $-14 |
| Total Assets | $42 |
| Net Assets | $42 |
| Operating Margin | -1400.0% |
| Months of Reserves | 33.6 months |
Financial Health Grade: B
In 2019, Ufa Class 34 Scholarship Prize Fd Norstar Trust Co reported a deficit of $14 with expenses exceeding revenue, holds 33.6 months of operating reserves (strong position).
Financial Trends
Over 6 years of filings (2011–2019), Ufa Class 34 Scholarship Prize Fd Norstar Trust Co's revenue has declined at a compound annual growth rate (CAGR) of -8.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2013 | -166.7% | +0.0% | -16.2% |
| 2012 | +500.0% | -61.5% | -4.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
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 Ufa Class 34 Scholarship Prize Fd Norstar Trust Co with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Ufa Class 34 Scholarship Prize Fd Norstar Trust Co allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $14, with expenses exceeding revenue.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation, indicating that no executives or officers are paid, which is typical for very small, volunteer-run entities or trusts with minimal activity.
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 Ufa Class 34 Scholarship Prize Fd Norstar Trust Co's IRS 990 filings:
- Consistent negative net income (expenses exceeding revenue)
- Declining asset base over time (from $162 in 2011 to $42 in 2019)
- Extremely low revenue ($1 in 2019) limiting operational capacity
- Unknown NTEE code, hindering understanding of programmatic focus
Strengths
The following positive indicators were identified for Ufa Class 34 Scholarship Prize Fd Norstar Trust Co:
- No reported liabilities, indicating financial stability in terms of debt
- 0% officer compensation, suggesting volunteer-driven or minimal administrative overhead for personnel
- Consistent IRS 990 filings, demonstrating compliance with reporting requirements
Frequently Asked Questions about Ufa Class 34 Scholarship Prize Fd Norstar Trust Co
Is Ufa Class 34 Scholarship Prize Fd Norstar Trust Co a legitimate charity?
Based on AI analysis of IRS 990 filings, Ufa Class 34 Scholarship Prize Fd Norstar Trust Co (EIN: 156014939) significant concerns. Mission Score: 45/100. 4 red flags identified, 3 strengths noted.
How does Ufa Class 34 Scholarship Prize Fd Norstar Trust Co spend its money?
Ufa Class 34 Scholarship Prize Fd Norstar Trust Co directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ufa Class 34 Scholarship Prize Fd Norstar Trust Co tax-deductible?
Ufa Class 34 Scholarship Prize Fd Norstar Trust Co is registered as a tax-exempt nonprofit (EIN: 156014939). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Ufa Class 34 Scholarship Prize Fd Norstar Trust Co's spending goes to programs?
Ufa Class 34 Scholarship Prize Fd Norstar Trust Co directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Ufa Class 34 Scholarship Prize Fd Norstar Trust Co located?
Ufa Class 34 Scholarship Prize Fd Norstar Trust Co is headquartered in Providence, Rhode Island and files with the IRS under EIN 156014939.
How many years of IRS 990 filings does Ufa Class 34 Scholarship Prize Fd Norstar Trust Co have?
Ufa Class 34 Scholarship Prize Fd Norstar Trust Co has 6 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 $1 in total revenue.
What is the specific purpose of the 'Class 34 Scholarship Prize Fd'?
The provided data does not specify the exact nature or beneficiaries of the 'Class 34 Scholarship Prize Fd'. Further investigation into its founding documents or mission statement would be required.
How does the organization manage to incur expenses with such low revenue?
The organization has consistently incurred expenses that exceed its revenue, leading to a draw-down of its assets over time. For example, in 2019, it had $1 in revenue but $15 in expenses, funded by its existing assets.
Is the organization still actively awarding scholarships?
Given its minimal revenue and declining assets, it is unclear if the organization is still actively awarding scholarships or if its activities are primarily administrative to maintain its trust status. The financial data alone does not provide this detail.
Filing History
IRS 990 filing history for Ufa Class 34 Scholarship Prize Fd Norstar Trust Co showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2019), Ufa Class 34 Scholarship Prize Fd Norstar Trust Co's revenue has declined by 50%, moving from $2 to $1. Total assets decreased by 74.1% over the same period, from $162 to $42. Total functional expenses fell by 71.2%, from $52 to $15. In its most recent filing year (2019), Ufa Class 34 Scholarship Prize Fd Norstar Trust Co reported a deficit of $14, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $1 | $15 | $42 | $0 | — | View 990 |
| 2015 | $0 | $17 | $89 | $0 | — | View 990 |
| 2014 | $0 | $22 | $106 | $0 | — | View 990 |
| 2013 | $-8 | $20 | $129 | $0 | — | View 990 |
| 2012 | $12 | $20 | $154 | $0 | — | View 990 |
| 2011 | $2 | $52 | $162 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $1, expenses of $15, and assets of $42.
- 2015: Revenue of $0, expenses of $17, and assets of $89.
- 2014: Revenue of $0, expenses of $22, and assets of $106.
- 2013: Revenue of $-8, expenses of $20, and assets of $129 (revenue -166.7% year-over-year).
- 2012: Revenue of $12, expenses of $20, and assets of $154 (revenue +500.0% year-over-year).
- 2011: Revenue of $2, expenses of $52, and assets of $162.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ufa Class 34 Scholarship Prize Fd Norstar Trust Co:
Data Sources and Methodology
This transparency report for Ufa Class 34 Scholarship Prize Fd Norstar Trust Co 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.