David B Maddrey Scholarship Fund Inc
Only null% goes to programs Strong reserves Growing revenue
David B Maddrey Scholarship Fund Inc is a 501(c)(3) organization based in Charlotte, North Carolina, registered in 2014, with $1,000 in FY2022 revenue. CharityIndex grades it C.
P O Box 1006 Mail Code Eco7s, Charlotte, NC, 28201 EIN 56-1483103 Since 2014
Revenue (FY2022)
$1,000
▲ 300.0% vs prior year
Education median: $200K
Expenses (FY2022)
$1,000
Net assets
$45K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—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 David B Maddrey 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 →
B+Financial health25% of the rating537 mo reserves · +0% 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 David B Maddrey Scholarship Fund Inc: 537 mo reserves · +0% margin earns a B+ 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 David B Maddrey 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 →
FTransparency10% of the rating0 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 David B Maddrey Scholarship Fund Inc: 0 of 5 disclosure signals earns a F on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- P O Box 1006 Mail Code Eco7s, Charlotte, NC, 28201
- City
- Charlotte
- State
- North Carolina
- Category
- Education
- Subcategory
- Student Services & Aid
Financial trends
Revenue grew from $942 (FY2014) to $1,000 (FY2022) across 7 reported years.
Financial snapshot
Financial health & position (FY2022)
Liabilities $0Net assets $45K
Operating margin
0.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$45K
Total liabilities
$0
Net assets
$45K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2022 | $1,000▲300% | $1,000 | $44,768▲15.8% | $44,768▲15.8% | 990EZ |
| 2020 | $250 | — | $38,663▲0.7% | $38,663▲0.7% | 990EZ |
| 2019 | $250▲158% | — | $38,413▲1.3% | $38,413▲1.3% | 990EZ |
| 2017 | $97▼67.0% | — | $37,913▲0.3% | $37,913▲0.3% | 990EZ |
| 2016 | $294▼68.8% | — | $37,816▲0.8% | $37,816▲0.8% | 990EZ |
| 2015 | $942 | — | $37,522▲2.6% | $37,522▲2.6% | 990EZ |
| 2014 | $942 | — | $36,580 | $36,580 | 990EZ |
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 David B Maddrey Scholarship Fund Inc a legitimate nonprofit?
- Yes. David B Maddrey Scholarship Fund Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-1483103, based in Charlotte, North Carolina. Donations are tax-deductible.
- What is David B Maddrey Scholarship Fund Inc's EIN?
- David B Maddrey Scholarship Fund Inc's Employer Identification Number (EIN) is 56-1483103.
- How much revenue does David B Maddrey Scholarship Fund Inc report?
- David B Maddrey Scholarship Fund Inc reported $1,000 in total revenue on its fiscal year 2022 IRS Form 990 filing.
- What financial grade does David B Maddrey Scholarship Fund Inc have?
- CharityIndex grades David B Maddrey Scholarship Fund Inc C, based on financial health (reserves and operating margin).
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Data for David B Maddrey Scholarship Fund Inc (EIN 56-1483103) 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.