Dr Kenneth N Andersen Family Scholarship Trust
Only null% goes to programs Strong reserves Declining revenue
Dr Kenneth N Andersen Family Scholarship Trust is a 501(c)(3) organization based in Cedar Rapids, Iowa, registered in 1998, with $22,165 in FY2024 revenue. CharityIndex grades it B.
2701 Edgewood Pkwy Sw, Cedar Rapids, IA, 52404 EIN 42-6563588 Since 1998
Revenue (FY2024)
$22K
▲ 36.4% vs prior year
Education median: $200K
Expenses (FY2024)
$20K
Net assets
$333K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—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 Dr Kenneth N Andersen Family 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 →
B+Financial health25% of the rating197 mo reserves · +9% 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 Dr Kenneth N Andersen Family Scholarship Trust: 197 mo reserves · +9% 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 Dr Kenneth N Andersen Family 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 →
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 Dr Kenneth N Andersen Family Scholarship Trust: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 2701 Edgewood Pkwy Sw, Cedar Rapids, IA, 52404
- City
- Cedar Rapids
- State
- Iowa
- Category
- Education
- Subcategory
- Student Services & Aid
- Website
- …
Financial trends
Revenue declined from $93K (FY2013) to $22K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $333K
Operating margin
8.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$333K
Total liabilities
$0
Net assets
$333K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $22,165▲36.4% | $20,260▼15.8% | $333,109▲0.6% | $333,109▲0.6% | 990PF |
| 2023 | $16,245▲79.8% | $24,069▲16.3% | $331,204▼2.3% | $331,204▼2.3% | 990PF |
| 2022 | $9,034▼67.4% | $20,690▼16.9% | $339,028▼3.3% | $339,028▼3.3% | 990PF |
| 2021 | $27,670▲27.2% | $24,895▲2.2% | $350,684▲0.8% | $350,684▲0.8% | 990PF |
| 2020 | $21,746▲118% | $24,370▼14.2% | $347,909▼0.7% | $347,909▼0.7% | 990PF |
| 2019 | $9,978▼56.7% | $28,406▲38.5% | $350,475▼5.0% | $350,475▼5.0% | 990PF |
| 2018 | $23,020▲46.2% | $20,506▲14.1% | $368,903▲0.7% | $368,903▲0.7% | 990PF |
| 2017 | $15,747▲52.2% | $17,968▼11.8% | $366,389▼0.6% | $366,389▼0.6% | 990PF |
| 2016 | $10,345▲10.3% | $20,361▲10.5% | $368,668▼2.6% | $368,668▼2.6% | 990PF |
| 2015 | $9,377▼83.7% | $18,422▼4.0% | $378,684▼2.3% | $378,684▼2.3% | 990PF |
| 2014 | $57,587▼38.4% | $19,186▲4.1% | $387,729▲11.2% | $387,729▲11.2% | 990PF |
| 2013 | $93,477 | $18,428▲3.8% | $348,531▲27.4% | $348,531▲27.4% | 990PF |
| 2012 | — | $17,759▼11.5% | $273,513▲18.0% | $273,513▲18.0% | 990PF |
| 2011 | — | $20,068 | $231,792 | $231,792 | 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 Dr Kenneth N Andersen Family Scholarship Trust a legitimate nonprofit?
- Yes. Dr Kenneth N Andersen Family Scholarship Trust is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 42-6563588, based in Cedar Rapids, Iowa. Donations are tax-deductible.
- What is Dr Kenneth N Andersen Family Scholarship Trust's EIN?
- Dr Kenneth N Andersen Family Scholarship Trust's Employer Identification Number (EIN) is 42-6563588.
- How much revenue does Dr Kenneth N Andersen Family Scholarship Trust report?
- Dr Kenneth N Andersen Family Scholarship Trust reported $22,165 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Dr Kenneth N Andersen Family Scholarship Trust have?
- CharityIndex grades Dr Kenneth N Andersen Family Scholarship Trust B, based on financial health (reserves and operating margin).
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Data for Dr Kenneth N Andersen Family Scholarship Trust (EIN 42-6563588) 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.