Bernice E@peterson Scholarship Trust
Only null% goes to programs Strong reserves Growing revenue
Bernice E@peterson Scholarship Trust is a 501(c)(3) organization based in Algona, Iowa, registered in 2016, with $21,143 in FY2024 revenue. CharityIndex grades it D.
5 E Call St, Algona, IA, 50511 EIN 47-7204491 Since 2016
Revenue (FY2024)
$21K
▲ 47.3% vs prior year
Education median: $200K
Expenses (FY2024)
$30K
Net assets
$665K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Bernice E@peterson Scholarship Trust— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DFinancial health25% of the rating268 mo reserves · -41% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Bernice E@peterson Scholarship Trust: 268 mo reserves · -41% margin earns a D on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Bernice E@peterson Scholarship Trust— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Bernice E@peterson Scholarship Trust: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 5 E Call St, Algona, IA, 50511
- City
- Algona
- State
- Iowa
- Category
- Education
- Subcategory
- Student Services & Aid
Financial trends
Revenue declined from $24K (FY2016) to $21K (FY2024) across 9 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $665K
Operating margin
-40.7%
Spent more than it raised in the latest fiscal year.
Total assets
$665K
Total liabilities
$0
Net assets
$665K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $21,143▲47.3% | $29,754▼7.4% | $665,168▼1.8% | $665,168▼1.8% | 990PF |
| 2023 | $14,357▲22.6% | $32,146▼14.5% | $677,311▼2.6% | $677,311▼2.6% | 990PF |
| 2022 | $11,714▲87.2% | $37,583▲34.5% | $695,123▼3.6% | $695,123▼3.6% | 990PF |
| 2021 | $6,258▼56.8% | $27,948▼38.3% | $721,329▼2.9% | $721,329▼2.9% | 990PF |
| 2020 | $14,499▼30.5% | $45,284▼16.2% | $743,019▼4.0% | $743,019▼4.0% | 990PF |
| 2019 | $20,857▲2.7% | $54,006▲31.3% | $773,804▼4.1% | $773,804▼4.1% | 990PF |
| 2018 | $20,318▼3.4% | $41,136▼7.8% | $806,953▼2.5% | $806,953▼2.5% | 990PF |
| 2017 | $21,042▼11.2% | $44,629▲18.6% | $827,771▼2.8% | $827,771▼2.8% | 990PF |
| 2016 | $23,704 | $37,639 | $851,358 | $851,358 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Bernice E@peterson Scholarship Trust a legitimate nonprofit?
- Yes. Bernice E@peterson Scholarship Trust is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 47-7204491, based in Algona, Iowa. Donations are tax-deductible.
- What is Bernice E@peterson Scholarship Trust's EIN?
- Bernice E@peterson Scholarship Trust's Employer Identification Number (EIN) is 47-7204491.
- How much revenue does Bernice E@peterson Scholarship Trust report?
- Bernice E@peterson Scholarship Trust reported $21,143 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Bernice E@peterson Scholarship Trust have?
- CharityIndex grades Bernice E@peterson Scholarship Trust D, based on financial health (reserves and operating margin).
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Data for Bernice E@peterson Scholarship Trust (EIN 47-7204491) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.