Elwell-colvin Scholarship Fund
Only null% goes to programs Strong reserves Growing revenue
Elwell-colvin Scholarship Fund is a 501(c)(3) organization based in Milwaukee, Wisconsin, registered in 2005, with $97,414 in FY2024 revenue. CharityIndex grades it C+.
Po Box 634, Milwaukee, WI, 53201 EIN 91-6569191 Since 2005
Revenue (FY2024)
$97K
▲ 200.1% vs prior year
Education median: $200K
Expenses (FY2024)
$63K
Net assets
$796K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—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 Elwell-colvin Scholarship 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 rating152 mo reserves · +36% 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 Elwell-colvin Scholarship Fund: 152 mo reserves · +36% 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 Elwell-colvin Scholarship Fund— 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 Elwell-colvin Scholarship Fund: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- Po Box 634, Milwaukee, WI, 53201
- City
- Milwaukee
- State
- Wisconsin
- Category
- Education
- Subcategory
- Student Services & Aid
Financial trends
Revenue grew from $28K (FY2013) to $97K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $796K
Operating margin
35.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$796K
Total liabilities
$0
Net assets
$796K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $97,414▲200% | $62,706▲26.8% | $796,447▲4.6% | $796,447▲4.6% | 990PF |
| 2023 | $32,458▲21.0% | $49,443▼40.3% | $761,742▼1.8% | $761,742▼1.8% | 990PF |
| 2022 | $26,823▼58.4% | $82,765▲123% | $775,809▼6.5% | $775,809▼6.5% | 990PF |
| 2021 | $64,447▼0.4% | $37,115▼56.9% | $829,751▲5.4% | $829,751▲5.4% | 990PF |
| 2020 | $64,699▲25.9% | $86,170▲58.6% | $787,086▼2.7% | $787,086▼2.7% | 990PF |
| 2019 | $51,374▼6.9% | $54,317▼5.0% | $808,557▼0.4% | $808,557▼0.4% | 990PF |
| 2018 | $55,179▼15.1% | $57,171▼6.2% | $811,623▼0.2% | $811,623▼0.2% | 990PF |
| 2017 | $65,009▲127% | $60,976▲9.4% | $813,623▲0.5% | $813,623▲0.5% | 990PF |
| 2016 | $28,617▼56.4% | $55,725▼6.3% | $809,594▼3.3% | $809,594▼3.3% | 990PF |
| 2015 | $65,692▲21.6% | $59,473▲2.7% | $836,989▲1.0% | $836,989▲1.0% | 990PF |
| 2014 | $54,014▲91.3% | $57,922▼0.4% | $829,069▼0.5% | $829,069▼0.5% | 990PF |
| 2013 | $28,231 | $58,144▲4.8% | $832,976▼3.5% | $832,976▼3.5% | 990PF |
| 2012 | — | $55,493▲7.3% | $862,861▼2.9% | $862,861▼2.9% | 990PF |
| 2011 | — | $51,715▼3.1% | $889,045▼0.3% | $889,045▼0.3% | 990PF |
| 2010 | — | $53,358 | $891,366 | $891,366 | 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 Elwell-colvin Scholarship Fund a legitimate nonprofit?
- Yes. Elwell-colvin Scholarship Fund is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 91-6569191, based in Milwaukee, Wisconsin. Donations are tax-deductible.
- What is Elwell-colvin Scholarship Fund's EIN?
- Elwell-colvin Scholarship Fund's Employer Identification Number (EIN) is 91-6569191.
- How much revenue does Elwell-colvin Scholarship Fund report?
- Elwell-colvin Scholarship Fund reported $97,414 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Elwell-colvin Scholarship Fund have?
- CharityIndex grades Elwell-colvin Scholarship Fund C+, based on financial health (reserves and operating margin).
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Data for Elwell-colvin Scholarship Fund (EIN 91-6569191) 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.