William C Ptacek Scholarship Foundation
William C Ptacek Scholarship Foundation consistently operates with zero officer compensation and minimal liabilities.
EIN: 202069644 · Oakes, ND · NTEE: B82 · Updated: 2026-03-28
Is William C Ptacek Scholarship Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
William C Ptacek Scholarship Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About William C Ptacek Scholarship Foundation
William C Ptacek Scholarship Foundation (EIN: 202069644) is a nonprofit organization based in Oakes, ND, classified under NTEE code B82. The organization reported total revenue of $5K and total assets of $57K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of William C Ptacek Scholarship Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
William C Ptacek Scholarship Foundation is a micro nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3K |
| Total Expenses | $2K |
| Surplus / Deficit | +$2K |
| Total Assets | $52K |
| Total Liabilities | $1 |
| Net Assets | $52K |
| Operating Margin | 48.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 386.5 months |
Financial Health Grade: A
In 2023, William C Ptacek Scholarship Foundation reported a surplus of $2K with revenue exceeding expenses, holds 386.5 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), William C Ptacek Scholarship Foundation's revenue has grown at a compound annual growth rate (CAGR) of 3.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -29.6% | -70.8% | +3.0% |
| 2022 | +67.7% | +950.1% | -2.0% |
| 2021 | +2.0% | -88.3% | +4.3% |
| 2020 | -28.4% | +78.6% | -3.7% |
| 2019 | +60.8% | -36.7% | -6.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 William C Ptacek Scholarship Foundation with a Mission Score of 95 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, William C Ptacek 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 surplus of $2K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for an organization of its size and 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 William C Ptacek Scholarship Foundation's IRS 990 filings:
- Slight long-term decline in asset base
Strengths
The following positive indicators were identified for William C Ptacek Scholarship Foundation:
- Consistent 0% officer compensation
- Very low liabilities ($1 across all filings)
- Strong program focus (scholarships)
- Consistent IRS 990 filing history (10 filings)
- Revenue generally covers expenses in recent years
Frequently Asked Questions about William C Ptacek Scholarship Foundation
Is William C Ptacek Scholarship Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, William C Ptacek Scholarship Foundation (EIN: 202069644) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does William C Ptacek Scholarship Foundation spend its money?
William C Ptacek Scholarship Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to William C Ptacek Scholarship Foundation tax-deductible?
William C Ptacek Scholarship Foundation is registered as a tax-exempt nonprofit (EIN: 202069644). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is William C Ptacek Scholarship Foundation a good charity?
Based on the provided data, the William C Ptacek Scholarship Foundation appears to be a very good charity. It consistently reports 0% officer compensation, maintains low liabilities, and has a clear mission focused on scholarships. Its financial management is sound, with assets consistently maintained over time.
How does the foundation manage to operate with 0% officer compensation?
Operating with 0% officer compensation suggests that the foundation's leadership and administrative functions are entirely volunteer-driven. This is a significant strength, as it means more of the organization's revenue can be directed towards its programmatic mission.
What is the trend in the foundation's assets?
The foundation's assets have shown a slight decline over the long term, from $65,170 in 2011 to $56,669 currently, but have remained relatively stable in the $50,000-$52,000 range in recent years (e.g., $52,272 in 2023). This indicates a stable, albeit not significantly growing, endowment.
Filing History
IRS 990 filing history for William C Ptacek Scholarship Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), William C Ptacek Scholarship Foundation's revenue has grown by 58.4%, moving from $2K to $3K. Total assets decreased by 19.8% over the same period, from $65K to $52K. Total functional expenses rose by 62.3%, from $1K to $2K. In its most recent filing year (2023), William C Ptacek Scholarship Foundation reported a surplus of $2K, with revenue exceeding expenses. The organization holds $1 in liabilities against $52K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $52K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3K | $2K | $52K | $1 | — | — |
| 2022 | $5K | $6K | $51K | $1 | — | View 990 |
| 2021 | $3K | $529 | $52K | $1 | — | — |
| 2020 | $3K | $5K | $50K | $1 | — | — |
| 2019 | $4K | $3K | $52K | $1 | — | View 990 |
| 2015 | $2K | $4K | $55K | $1 | — | View 990 |
| 2014 | $2K | $6K | $57K | $1 | — | View 990 |
| 2013 | $2K | $5K | $61K | $1 | — | View 990 |
| 2012 | $2K | $3K | $64K | $1 | — | View 990 |
| 2011 | $2K | $1K | $65K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3K, expenses of $2K, and assets of $52K (revenue -29.6% year-over-year).
- 2022: Revenue of $5K, expenses of $6K, and assets of $51K (revenue +67.7% year-over-year).
- 2021: Revenue of $3K, expenses of $529, and assets of $52K (revenue +2.0% year-over-year).
- 2020: Revenue of $3K, expenses of $5K, and assets of $50K (revenue -28.4% year-over-year).
- 2019: Revenue of $4K, expenses of $3K, and assets of $52K (revenue +60.8% year-over-year).
- 2015: Revenue of $2K, expenses of $4K, and assets of $55K (revenue +1.8% year-over-year).
- 2014: Revenue of $2K, expenses of $6K, and assets of $57K (revenue +29.2% year-over-year).
- 2013: Revenue of $2K, expenses of $5K, and assets of $61K (revenue -13.9% year-over-year).
- 2012: Revenue of $2K, expenses of $3K, and assets of $64K (revenue +0.9% year-over-year).
- 2011: Revenue of $2K, expenses of $1K, and assets of $65K.
Data Sources and Methodology
This transparency report for William C Ptacek 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.