Fay T Barnes Scholarship Fund
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
Fay T Barnes Scholarship Fund is a 501(c)(3) organization based in Chicago, Illinois, registered in 1983, with $168,510 in FY2024 revenue. CharityIndex grades it C+.
10 S Dearborn Il1-0111, Chicago, IL, 60603 EIN 74-2256469 Since 1983
Revenue (FY2024)
$169K
▲ 9.1% vs prior year
Expenses (FY2024)
$165K
Net assets
$2.4M
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 Fay T Barnes 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 rating171 mo reserves · +2% 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 Fay T Barnes Scholarship Fund: 171 mo reserves · +2% 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 Fay T Barnes 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 Fay T Barnes Scholarship Fund: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $150K (FY2017) to $169K (FY2024) across 8 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $2.4M
Operating margin
2.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.4M
Total liabilities
$0
Net assets
$2.4M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $168,510▲9.1% | $165,131▼0.6% | $2,356,793▼0.3% | $2,356,793▼0.3% | 990PF |
| 2023 | $154,423▲177% | $166,097▼12.6% | $2,365,064▼0.5% | $2,365,064▼0.5% | 990PF |
| 2022 | $55,772▼74.0% | $190,146▲4.2% | $2,376,316▼5.4% | $2,376,316▼5.4% | 990PF |
| 2021 | $214,281▲41.4% | $182,536▲7.8% | $2,511,330▲1.4% | $2,511,330▲1.4% | 990PF |
| 2020 | $151,587▼22.3% | $169,274▼21.1% | $2,477,789▼0.4% | $2,477,789▼0.4% | 990PF |
| 2019 | $194,988▲12.0% | $214,476▲20.5% | $2,487,295▼0.4% | $2,487,295▼0.4% | 990PF |
| 2018 | $174,021▲16.4% | $177,923▲17.3% | $2,498,120▲1.1% | $2,498,120▲1.1% | 990PF |
| 2017 | $149,506 | $151,721▲41.3% | $2,471,630▲1.1% | $2,471,630▲1.1% | 990PF |
| 2010 | — | $107,388 | $2,445,362 | $2,445,362 | 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 Fay T Barnes Scholarship Fund a legitimate nonprofit?
- Yes. Fay T Barnes Scholarship Fund is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 74-2256469, based in Chicago, Illinois. Donations are tax-deductible.
- What is Fay T Barnes Scholarship Fund's EIN?
- Fay T Barnes Scholarship Fund's Employer Identification Number (EIN) is 74-2256469.
- How much revenue does Fay T Barnes Scholarship Fund report?
- Fay T Barnes Scholarship Fund reported $168,510 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Fay T Barnes Scholarship Fund have?
- CharityIndex grades Fay T Barnes Scholarship Fund C+, based on financial health (reserves and operating margin).
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Data for Fay T Barnes Scholarship Fund (EIN 74-2256469) 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.