Edison Scholarship & Memorial Fund
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
Edison Scholarship & Memorial Fund is a 501(c)(3) organization based in Minneapolis, Minnesota, registered in 1947, with $11,854 in FY2022 revenue. CharityIndex grades it C.
700 22nd Ave Ne, Minneapolis, MN, 55418 EIN 41-6023937 Since 1947
Revenue (FY2022)
$12K
▼ 67.2% vs prior year
Expenses (FY2022)
$12K
Net assets
$114K
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 Edison Scholarship & Memorial Fund— 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 rating111 mo reserves · -4% 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 Edison Scholarship & Memorial Fund: 111 mo reserves · -4% 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 Edison Scholarship & Memorial Fund— 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 Edison Scholarship & Memorial Fund: 0 of 5 disclosure signals earns a F on this criterion. See the exact thresholds →
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Contact & location
- Address
- 700 22nd Ave Ne, Minneapolis, MN, 55418
- City
- Minneapolis
- State
- Minnesota
- Category
- —
- Subcategory
- —
Financial trends
Revenue declined from $37K (FY2010) to $12K (FY2022) across 13 reported years.
Financial snapshot
Financial health & position (FY2022)
Liabilities $0Net assets $114K
Operating margin
-3.6%
Spent more than it raised in the latest fiscal year.
Total assets
$114K
Total liabilities
$0
Net assets
$114K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2022 | $11,854▼67.2% | $12,283▼25.8% | $113,882▼0.4% | $113,882▼0.4% | 990EZ |
| 2021 | $36,115▲38.4% | $16,550▼57.1% | $114,311▲20.6% | $114,311▲20.6% | 990EZ |
| 2020 | $26,093▼25.7% | $38,578▼7.3% | $94,746▼11.6% | $94,746▼11.6% | 990EZ |
| 2019 | $35,111▼38.0% | $41,621▼30.3% | $107,231▼5.7% | $107,231▼5.7% | 990EZ |
| 2018 | $56,618▼37.7% | $59,704▼2.9% | $113,741▼2.6% | $113,741▼2.6% | 990EZ |
| 2017 | $90,810▲11.0% | $61,512▼30.9% | $116,827▲33.5% | $116,827▲33.5% | 990EZ |
| 2016 | $81,836▲20.1% | $89,039▼4.9% | $87,529▼7.6% | $87,529▼7.6% | 990EZ |
| 2015 | $68,118▲60.4% | $93,611▲45.8% | $94,732▼21.2% | $94,732▼21.2% | 990EZ |
| 2014 | $42,470▼39.7% | $64,226▲44.9% | $120,225▼15.3% | $120,225▼15.3% | 990EZ |
| 2013 | $70,380▲26.2% | $44,333▼38.8% | $141,981▲22.5% | $141,981▲22.5% | 990EZ |
| 2012 | $55,747▼30.4% | $72,394▲46.7% | $115,934▼12.6% | $115,934▼12.6% | 990EZ |
| 2011 | $80,061▲115% | $49,339▼29.0% | $132,581▲30.2% | $132,581▲30.2% | 990EZ |
| 2010 | $37,256 | $69,472 | $101,859 | $101,859 | 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.
Grants received · $19K total
2 grants to Edison Scholarship & Memorial Fund totaling $19K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Vermont Community Foundation | Gen. support | 2018 | $11,000 |
| Vermont Community Foundation | Gen. support | 2017 | $7,500 |
Frequently asked questions
- Is Edison Scholarship & Memorial Fund a legitimate nonprofit?
- Yes. Edison Scholarship & Memorial Fund is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 41-6023937, based in Minneapolis, Minnesota. Donations are tax-deductible.
- What is Edison Scholarship & Memorial Fund's EIN?
- Edison Scholarship & Memorial Fund's Employer Identification Number (EIN) is 41-6023937.
- How much revenue does Edison Scholarship & Memorial Fund report?
- Edison Scholarship & Memorial Fund reported $11,854 in total revenue on its fiscal year 2022 IRS Form 990 filing.
- What financial grade does Edison Scholarship & Memorial Fund have?
- CharityIndex grades Edison Scholarship & Memorial Fund C, based on financial health (reserves and operating margin).
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Data for Edison Scholarship & Memorial Fund (EIN 41-6023937) 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.