Elsie Miller Palmer and Ben A Mil Ler Scholarship Trust
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Growing revenue
Elsie Miller Palmer and Ben A Mil Ler Scholarship Trust is a 501(c)(3) organization based in Cedar Falls, Iowa, registered in 1983, with $1,535 in FY2024 revenue. CharityIndex grades it F.
302 Main St, Cedar Falls, IA, 50613 EIN 42-1189787 Since 1983
Revenue (FY2024)
$1,535
▲ 58.2% vs prior year
Expenses (FY2024)
$6,638
Net assets
$110K
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 Elsie Miller Palmer and Ben A Mil Ler 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 →
FFinancial health25% of the rating199 mo reserves · -332% 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 Elsie Miller Palmer and Ben A Mil Ler Scholarship Trust: 199 mo reserves · -332% 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 Elsie Miller Palmer and Ben A Mil Ler 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 →
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 Elsie Miller Palmer and Ben A Mil Ler Scholarship Trust: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 302 Main St, Cedar Falls, IA, 50613
- City
- Cedar Falls
- State
- Iowa
- Category
- —
- Subcategory
- —
Financial trends
Revenue declined from $2,329 (FY2013) to $1,535 (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $110K
Operating margin
-332.4%
Spent more than it raised in the latest fiscal year.
Total assets
$110K
Total liabilities
$0
Net assets
$110K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,535▲58.2% | $6,638▲17.5% | $109,881▼4.4% | $109,881▼4.4% | 990PF |
| 2023 | $970▼14.4% | $5,648▼15.2% | $114,984▼3.9% | $114,984▼3.9% | 990PF |
| 2022 | $1,133▲9.7% | $6,657▼3.0% | $119,663▼4.4% | $119,663▼4.4% | 990PF |
| 2021 | $1,033▼51.7% | $6,863▼5.4% | $125,187▼4.5% | $125,187▼4.5% | 990PF |
| 2020 | $2,138▼23.4% | $7,258▲5.3% | $131,020▼3.8% | $131,020▼3.8% | 990PF |
| 2019 | $2,791▲22.7% | $6,894▼11.0% | $136,139▼2.9% | $136,139▼2.9% | 990PF |
| 2018 | $2,275▲39.7% | $7,745▼7.0% | $140,242▼3.8% | $140,242▼3.8% | 990PF |
| 2017 | $1,628▼13.5% | $8,329▲1.9% | $145,713▼4.4% | $145,713▼4.4% | 990PF |
| 2016 | $1,881▲7.1% | $8,172▼49.7% | $152,406▼4.0% | $152,406▼4.0% | 990PF |
| 2015 | $1,757▼5.2% | $16,251▲58.4% | $158,697▼8.4% | $158,697▼8.4% | 990PF |
| 2014 | $1,854▼20.4% | $10,261▲140% | $173,191▼4.6% | $173,191▼4.6% | 990PF |
| 2013 | $2,329 | $4,281▲9.9% | $181,598▼1.1% | $181,598▼1.1% | 990PF |
| 2012 | — | $3,897 | $183,550 | $183,550 | 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.
Frequently asked questions
- Is Elsie Miller Palmer and Ben A Mil Ler Scholarship Trust a legitimate nonprofit?
- Yes. Elsie Miller Palmer and Ben A Mil Ler Scholarship Trust is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 42-1189787, based in Cedar Falls, Iowa. Donations are tax-deductible.
- What is Elsie Miller Palmer and Ben A Mil Ler Scholarship Trust's EIN?
- Elsie Miller Palmer and Ben A Mil Ler Scholarship Trust's Employer Identification Number (EIN) is 42-1189787.
- How much revenue does Elsie Miller Palmer and Ben A Mil Ler Scholarship Trust report?
- Elsie Miller Palmer and Ben A Mil Ler Scholarship Trust reported $1,535 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Elsie Miller Palmer and Ben A Mil Ler Scholarship Trust have?
- CharityIndex grades Elsie Miller Palmer and Ben A Mil Ler Scholarship Trust F, based on financial health (reserves and operating margin).
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Data for Elsie Miller Palmer and Ben A Mil Ler Scholarship Trust (EIN 42-1189787) 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.