W Scott Reid Scholarship Fund
W Scott Reid Scholarship Fund maintains stable assets with fluctuating revenues and no executive compensation.
EIN: 16141002 · Auburn, ME · NTEE: B82Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $266K |
| Total Expenses | $26K |
| Program Spending | 100% |
| Net Assets | $412K |
| Transparency Score | 90/100 |
Is W Scott Reid Scholarship Fund Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
W Scott Reid Scholarship Fund directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About W Scott Reid Scholarship Fund
W Scott Reid Scholarship Fund (EIN: 16141002) is a nonprofit organization based in Auburn, ME, classified under NTEE code B82Z. The organization reported total revenue of $266K and total assets of $416K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of W Scott Reid Scholarship Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
W Scott Reid Scholarship Fund is a small nonprofit that has been operating for 28 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $12K |
| Total Expenses | $26K |
| Surplus / Deficit | $-13,871 |
| Total Assets | $412K |
| Total Liabilities | $1 |
| Net Assets | $412K |
| Operating Margin | -115.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 190.8 months |
Financial Health Grade: B
In 2023, W Scott Reid Scholarship Fund reported a deficit of $14K with expenses exceeding revenue, holds 190.8 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), W Scott Reid Scholarship Fund's revenue has grown at a compound annual growth rate (CAGR) of 2.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +103.8% | -13.0% | -3.7% |
| 2022 | -87.2% | -4.5% | -4.9% |
| 2021 | +25.4% | +64.8% | +3.5% |
| 2020 | +80.2% | -17.3% | +4.3% |
| 2019 | -10.1% | -32.3% | -1.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
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 W Scott Reid Scholarship Fund with a Mission Score of 90 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: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, W Scott Reid Scholarship Fund allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% 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 $14K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the organization, which is highly commendable for a fund of this size.
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 W Scott Reid Scholarship Fund:
- Zero officer compensation, ensuring all funds support the mission.
- Strong and stable asset base, consistently over $400,000.
- Minimal liabilities reported across all filings, indicating low financial risk.
- Consistent program delivery despite revenue fluctuations, likely supported by assets.
Frequently Asked Questions about W Scott Reid Scholarship Fund
Is W Scott Reid Scholarship Fund a legitimate charity?
W Scott Reid Scholarship Fund (EIN: 16141002) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 90/100. It has 10 years of IRS 990 filings on record. Total revenue: $266K. No red flags identified. 4 strengths noted. Financial health grade: B.
How does W Scott Reid Scholarship Fund spend its money?
W Scott Reid Scholarship Fund directs 100% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to W Scott Reid Scholarship Fund tax-deductible?
W Scott Reid Scholarship Fund is registered as a tax-exempt nonprofit (EIN: 16141002). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does W Scott Reid Scholarship Fund compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), W Scott Reid Scholarship Fund is above average for NTEE category B82Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is W Scott Reid Scholarship Fund located?
W Scott Reid Scholarship Fund is headquartered in Auburn, Maine and files with the IRS under EIN 16141002. It is classified under NTEE code B82Z.
How many years of IRS 990 filings does W Scott Reid Scholarship Fund have?
W Scott Reid Scholarship Fund 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 $266K in total revenue.
Is the W Scott Reid Scholarship Fund a good charity?
Based on the available data, the W Scott Reid Scholarship Fund appears to be a good charity. It maintains a strong asset base, has minimal liabilities, and most notably, reports 0% officer compensation, ensuring all funds are directed towards its scholarship programs.
How does the organization manage its expenses given fluctuating revenues?
Despite significant fluctuations in annual revenue (e.g., $76,743 in 2012 vs. $12,059 in 2023), the organization's expenses have remained relatively stable, typically between $20,000 and $30,000. This suggests a disciplined approach to spending, likely drawing from its substantial asset base when revenue is lower to maintain consistent program delivery.
What is the trend in the organization's assets?
The organization's assets have shown remarkable stability over the past decade, consistently hovering around the $400,000 to $450,000 mark. For example, assets were $415,844 in the latest filing, $412,263 in 2023, and $449,993 in 2021, indicating a well-managed endowment or investment strategy.
Filing History
IRS 990 filing history for W Scott Reid Scholarship Fund showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), W Scott Reid Scholarship Fund's revenue has grown by 30.7%, moving from $9K to $12K. Total assets increased by 21.4% over the same period, from $340K to $412K. Total functional expenses rose by 25.3%, from $21K to $26K. In its most recent filing year (2023), W Scott Reid Scholarship Fund reported a deficit of $14K, with expenses exceeding revenue. The organization holds $1 in liabilities against $412K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $412K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $12K | $26K | $412K | $1 | — | — |
| 2022 | $6K | $30K | $428K | $1 | — | View 990 |
| 2021 | $46K | $31K | $450K | $1 | — | — |
| 2020 | $37K | $19K | $435K | $1 | — | — |
| 2019 | $20K | $23K | $417K | $0 | — | View 990 |
| 2015 | $23K | $34K | $424K | $0 | — | View 990 |
| 2014 | $31K | $30K | $435K | $0 | — | View 990 |
| 2013 | $74K | $28K | $434K | $0 | — | View 990 |
| 2012 | $77K | $27K | $389K | $1 | — | View 990 |
| 2011 | $9K | $21K | $340K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $12K, expenses of $26K, and assets of $412K (revenue +103.8% year-over-year).
- 2022: Revenue of $6K, expenses of $30K, and assets of $428K (revenue -87.2% year-over-year).
- 2021: Revenue of $46K, expenses of $31K, and assets of $450K (revenue +25.4% year-over-year).
- 2020: Revenue of $37K, expenses of $19K, and assets of $435K (revenue +80.2% year-over-year).
- 2019: Revenue of $20K, expenses of $23K, and assets of $417K (revenue -10.1% year-over-year).
- 2015: Revenue of $23K, expenses of $34K, and assets of $424K (revenue -25.9% year-over-year).
- 2014: Revenue of $31K, expenses of $30K, and assets of $435K (revenue -58.2% year-over-year).
- 2013: Revenue of $74K, expenses of $28K, and assets of $434K (revenue -4.2% year-over-year).
- 2012: Revenue of $77K, expenses of $27K, and assets of $389K (revenue +731.9% year-over-year).
- 2011: Revenue of $9K, expenses of $21K, and assets of $340K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for W Scott Reid Scholarship Fund:
Data Sources and Methodology
This transparency report for W Scott Reid 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.