Carol E Macpherson Memorial Scholarship Fund Inc
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves
Carol E Macpherson Memorial Scholarship Fund Inc is a 501(c)(3) organization based in Saint Paul, Minnesota, registered in 1976, with $45,742 in FY2024 revenue. CharityIndex grades it D.
937 Cromwell Ave, Saint Paul, MN, 55114 EIN 51-0180046 Since 1976
Revenue (FY2024)
$46K
▼ 34.0% vs prior year
Expenses (FY2024)
$65K
Net assets
$780K
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 Carol E Macpherson Memorial Scholarship Fund Inc— 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 rating145 mo reserves · -42% 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 Carol E Macpherson Memorial Scholarship Fund Inc: 145 mo reserves · -42% 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 Carol E Macpherson Memorial Scholarship Fund Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 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 Carol E Macpherson Memorial Scholarship Fund Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 937 Cromwell Ave, Saint Paul, MN, 55114
- City
- Saint Paul
- State
- Minnesota
- Category
- —
- Subcategory
- —
- Website
- …
Financial trends
Revenue grew from $23K (FY2013) to $46K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $780K
Operating margin
-41.6%
Spent more than it raised in the latest fiscal year.
Total assets
$780K
Total liabilities
$0
Net assets
$780K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $45,742▼34.0% | $64,756▲13.2% | $779,805▼2.4% | $779,805▼2.4% | 990PF |
| 2023 | $69,284▲614% | $57,224▼7.6% | $798,819▲1.5% | $798,819▲1.5% | 990PF |
| 2022 | $9,705▼78.6% | $61,943▲0.9% | $786,759▼6.2% | $786,759▼6.2% | 990PF |
| 2021 | $45,352▲18.0% | $61,388▲52.8% | $838,997▼1.9% | $838,997▼1.9% | 990PF |
| 2020 | $38,441▲253% | $40,169▼24.9% | $855,033▼0.2% | $855,033▼0.2% | 990PF |
| 2019 | -$25,048▼252% | $53,462▼8.6% | $856,761▼8.4% | $856,761▼8.4% | 990PF |
| 2018 | -$7,107▼115% | $58,479▲8.6% | $935,271▼6.6% | $935,271▼6.6% | 990PF |
| 2017 | $46,693▼6.9% | $53,842▼19.1% | $1,000,857▼0.7% | $1,000,857▼0.7% | 990PF |
| 2016 | $50,164▲33.0% | $66,548▲6.3% | $1,008,006▼1.6% | $1,008,006▼1.6% | 990PF |
| 2015 | $37,731▲32.7% | $62,581▲27.1% | $1,024,390▼2.4% | $1,024,390▼2.4% | 990PF |
| 2014 | $28,435▲26.3% | $49,256▼19.8% | $1,049,240▼1.9% | $1,049,240▼1.9% | 990PF |
| 2013 | $22,511 | $61,407▲1.1% | $1,070,061▼3.5% | $1,070,061▼3.5% | 990PF |
| 2012 | — | $60,718▲6.6% | $1,108,957▲8.2% | $1,108,957▲8.2% | 990PF |
| 2011 | — | $56,945▲40.0% | $1,025,019▲2.8% | $1,025,019▲2.8% | 990PF |
| 2010 | — | $40,677▼6.9% | $996,697▲9.9% | $996,697▲9.9% | 990PF |
| 2009 | — | $43,682 | $907,132 | $907,132 | 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.
Grants received · $19K total
1 grant to Carol E Macpherson Memorial Scholarship Fund Inc totaling $19K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| University of Minnesota Foundation | Fund grant to support the carol e. macpherson memorial scholarship. | 2021 | $19,122 |
Frequently asked questions
- Is Carol E Macpherson Memorial Scholarship Fund Inc a legitimate nonprofit?
- Yes. Carol E Macpherson Memorial Scholarship Fund Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 51-0180046, based in Saint Paul, Minnesota. Donations are tax-deductible.
- What is Carol E Macpherson Memorial Scholarship Fund Inc's EIN?
- Carol E Macpherson Memorial Scholarship Fund Inc's Employer Identification Number (EIN) is 51-0180046.
- How much revenue does Carol E Macpherson Memorial Scholarship Fund Inc report?
- Carol E Macpherson Memorial Scholarship Fund Inc reported $45,742 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Carol E Macpherson Memorial Scholarship Fund Inc have?
- CharityIndex grades Carol E Macpherson Memorial Scholarship Fund Inc D, based on financial health (reserves and operating margin).
More nonprofits in Saint Paul
Explore more
Data for Carol E Macpherson Memorial Scholarship Fund Inc (EIN 51-0180046) 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.