Franklin L Fero 230303 Fero & Jones Memorial Scholarship Fund
501(c)(92)
Only null% goes to programs Strong reserves
Franklin L Fero 230303 Fero & Jones Memorial Scholarship Fund is a 501(c)(92) organization based in Norwich, New York, with $18,588 in FY2024 revenue. CharityIndex grades it C.
C/o Nbt Bank Na 52 S Broad St, Norwich, NY, 13815 EIN 16-6336875
Revenue (FY2024)
$19K
▼ 1.6% vs prior year
Expenses (FY2024)
$23K
Net assets
$246K
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 Franklin L Fero 230303 Fero & Jones Memorial 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 →
C+Financial health25% of the rating128 mo reserves · -24% 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 Franklin L Fero 230303 Fero & Jones Memorial Scholarship Fund: 128 mo reserves · -24% margin earns a C+ 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 Franklin L Fero 230303 Fero & Jones Memorial 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 Franklin L Fero 230303 Fero & Jones Memorial 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 declined from $29K (FY2013) to $19K (FY2024) across 10 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $246K
Operating margin
-24.1%
Spent more than it raised in the latest fiscal year.
Total assets
$246K
Total liabilities
$0
Net assets
$246K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $18,588▼1.6% | $23,067▼1.9% | $245,614▼1.8% | $245,614▼1.8% | 990PF |
| 2023 | $18,897▲28.7% | $23,502▼9.0% | $250,127▼1.8% | $250,127▼1.8% | 990PF |
| 2022 | $14,687▼19.5% | $25,835▲14.8% | $254,715▼4.2% | $254,715▼4.2% | 990PF |
| 2021 | $18,244▲226% | $22,514▲1.4% | $265,864▼1.6% | $265,864▼1.6% | 990PF |
| 2020 | $5,595▼52.9% | $22,194▼5.0% | $270,229▼5.8% | $270,229▼5.8% | 990PF |
| 2019 | $11,889▲0.7% | $23,350▼1.1% | $286,912▼3.8% | $286,912▼3.8% | 990PF |
| 2018 | $11,806▼11.4% | $23,609▲3.9% | $298,355▼3.8% | $298,355▼3.8% | 990PF |
| 2017 | $13,321▼46.4% | $22,713▲9.7% | $310,199▼2.2% | $310,199▼2.2% | 990PF |
| 2014 | $24,839▼14.0% | $20,712▼5.1% | $317,244▲1.3% | $317,244▲1.3% | 990PF |
| 2013 | $28,877 | $21,824▲3.8% | $313,117▲2.3% | $313,117▲2.3% | 990PF |
| 2012 | — | $21,020▼0.6% | $306,080▲11.1% | $306,080▲11.1% | 990PF |
| 2011 | — | $21,149▲12.6% | $275,498▼4.0% | $275,498▼4.0% | 990PF |
| 2010 | — | $18,788 | $286,839 | $286,839 | 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 Franklin L Fero 230303 Fero & Jones Memorial Scholarship Fund a legitimate nonprofit?
- Yes. Franklin L Fero 230303 Fero & Jones Memorial Scholarship Fund is a 501(c)(92) organization registered with the U.S. Internal Revenue Service under EIN 16-6336875, based in Norwich, New York.
- What is Franklin L Fero 230303 Fero & Jones Memorial Scholarship Fund's EIN?
- Franklin L Fero 230303 Fero & Jones Memorial Scholarship Fund's Employer Identification Number (EIN) is 16-6336875.
- How much revenue does Franklin L Fero 230303 Fero & Jones Memorial Scholarship Fund report?
- Franklin L Fero 230303 Fero & Jones Memorial Scholarship Fund reported $18,588 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Franklin L Fero 230303 Fero & Jones Memorial Scholarship Fund have?
- CharityIndex grades Franklin L Fero 230303 Fero & Jones Memorial Scholarship Fund C, based on financial health (reserves and operating margin).
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Data for Franklin L Fero 230303 Fero & Jones Memorial Scholarship Fund (EIN 16-6336875) 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.