Charles R Elmer Scholarship Foundation Trust 02 03 322 0583280
Only null% goes to programs Strong reserves
Charles R Elmer Scholarship Foundation Trust 02 03 322 0583280 is a 501(c)(3) organization based in Detroit, Michigan, registered in 1998, with $26,639 in FY2024 revenue. CharityIndex grades it F.
Po Box 75000, Detroit, MI, 48275 EIN 38-3384181 Since 1998
Revenue (FY2024)
$27K
▲ 171.6% vs prior year
Education median: $200K
Expenses (FY2024)
$83K
Net assets
$713K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—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 Charles R Elmer Scholarship Foundation Trust 02 03 322 0583280— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating104 mo reserves · -210% 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 Charles R Elmer Scholarship Foundation Trust 02 03 322 0583280: 104 mo reserves · -210% margin earns a F 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 Charles R Elmer Scholarship Foundation Trust 02 03 322 0583280— 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 Charles R Elmer Scholarship Foundation Trust 02 03 322 0583280: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 75000, Detroit, MI, 48275
- City
- Detroit
- State
- Michigan
- Category
- Education
- Subcategory
- Student Services & Aid
Financial trends
Revenue declined from $439K (FY2013) to $27K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $713K
Operating margin
-210.2%
Spent more than it raised in the latest fiscal year.
Total assets
$713K
Total liabilities
$0
Net assets
$713K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $26,639▲172% | $82,629▲13.4% | $713,302▼7.3% | $713,302▼7.3% | 990PF |
| 2023 | $9,809▼59.5% | $72,834▼13.5% | $769,293▼7.6% | $769,293▼7.6% | 990PF |
| 2022 | $24,206▼15.6% | $84,157▼7.4% | $832,292▼6.7% | $832,292▼6.7% | 990PF |
| 2021 | $28,696▼80.5% | $90,844▼3.5% | $892,274▼6.5% | $892,274▼6.5% | 990PF |
| 2020 | $147,121▲135% | $94,124▲16.6% | $954,427▲5.9% | $954,427▲5.9% | 990PF |
| 2019 | $62,589▲25.1% | $80,710▼1.3% | $901,429▼2.0% | $901,429▼2.0% | 990PF |
| 2018 | $50,020▼34.3% | $81,786▲6.7% | $919,553▼3.3% | $919,553▼3.3% | 990PF |
| 2017 | $76,146▼6.0% | $76,644▼14.9% | $951,328▼0.1% | $951,328▼0.1% | 990PF |
| 2016 | $81,003▲97.5% | $90,115▼25.5% | $951,825▼0.9% | $951,825▼0.9% | 990PF |
| 2015 | $41,021▼45.1% | $120,889▼15.3% | $960,940▼7.5% | $960,940▼7.5% | 990PF |
| 2014 | $74,656▼83.0% | $142,768▲101% | $1,038,507▼6.2% | $1,038,507▼6.2% | 990PF |
| 2013 | $439,379 | $71,074▼9.3% | $1,106,617▲49.9% | $1,106,617▲49.9% | 990PF |
| 2012 | — | $78,364▲39.9% | $738,312▼0.8% | $738,312▼0.8% | 990PF |
| 2011 | — | $56,004▲8.3% | $743,968▼2.4% | $743,968▼2.4% | 990PF |
| 2010 | — | $51,730 | $761,965 | $761,965 | 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 Charles R Elmer Scholarship Foundation Trust 02 03 322 0583280 a legitimate nonprofit?
- Yes. Charles R Elmer Scholarship Foundation Trust 02 03 322 0583280 is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 38-3384181, based in Detroit, Michigan. Donations are tax-deductible.
- What is Charles R Elmer Scholarship Foundation Trust 02 03 322 0583280's EIN?
- Charles R Elmer Scholarship Foundation Trust 02 03 322 0583280's Employer Identification Number (EIN) is 38-3384181.
- How much revenue does Charles R Elmer Scholarship Foundation Trust 02 03 322 0583280 report?
- Charles R Elmer Scholarship Foundation Trust 02 03 322 0583280 reported $26,639 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Charles R Elmer Scholarship Foundation Trust 02 03 322 0583280 have?
- CharityIndex grades Charles R Elmer Scholarship Foundation Trust 02 03 322 0583280 F, based on financial health (reserves and operating margin).
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Data for Charles R Elmer Scholarship Foundation Trust 02 03 322 0583280 (EIN 38-3384181) 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.