James L & Nellie M Westlake Scholarship Foundation 160940k Mer
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Growing revenue
James L & Nellie M Westlake Scholarship Foundation 160940k Mer is a 501(c)(3) organization based in Milwaukee, Wisconsin, with $1,168,386 in FY2024 revenue. CharityIndex grades it C+.
Po Box 634, Milwaukee, WI, 53201 EIN 43-6248269
Revenue (FY2024)
$1.2M
▼ 7.2% vs prior year
Expenses (FY2024)
$1.1M
Net assets
$19.5M
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 James L & Nellie M Westlake Scholarship Foundation 160940k Mer— 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 rating223 mo reserves · +10% 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 James L & Nellie M Westlake Scholarship Foundation 160940k Mer: 223 mo reserves · +10% 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 James L & Nellie M Westlake Scholarship Foundation 160940k Mer— 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 James L & Nellie M Westlake Scholarship Foundation 160940k Mer: 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 $966K (FY2015) to $1.2M (FY2024) across 8 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $19.5M
Operating margin
9.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$19.5M
Total liabilities
$0
Net assets
$19.5M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,168,386▼7.2% | $1,052,202▼8.7% | $19,521,695▲0.6% | $19,521,695▲0.6% | 990PF |
| 2023 | $1,259,649▲2096% | $1,152,514▲22.1% | $19,405,485▲0.5% | $19,405,485▲0.5% | 990PF |
| 2022 | -$63,096▼107% | $943,666▼25.5% | $19,314,038▼4.9% | $19,314,038▼4.9% | 990PF |
| 2021 | $957,795▼53.8% | $1,266,273▲4.8% | $20,304,984▼1.4% | $20,304,984▼1.4% | 990PF |
| 2020 | $2,073,939▲8.2% | $1,207,991▼3.0% | $20,602,834▲4.4% | $20,602,834▲4.4% | 990PF |
| 2019 | $1,917,242▲236% | $1,245,044▲34.4% | $19,729,537▲3.5% | $19,729,537▲3.5% | 990PF |
| 2018 | $571,424▼40.8% | $926,577▲17.4% | $19,057,929▼13.4% | $19,057,929▼13.4% | 990PF |
| 2015 | $965,672 | $789,309 | $22,011,658 | $22,011,658 | 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 James L & Nellie M Westlake Scholarship Foundation 160940k Mer a legitimate nonprofit?
- Yes. James L & Nellie M Westlake Scholarship Foundation 160940k Mer is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 43-6248269, based in Milwaukee, Wisconsin. Donations are tax-deductible.
- What is James L & Nellie M Westlake Scholarship Foundation 160940k Mer's EIN?
- James L & Nellie M Westlake Scholarship Foundation 160940k Mer's Employer Identification Number (EIN) is 43-6248269.
- How much revenue does James L & Nellie M Westlake Scholarship Foundation 160940k Mer report?
- James L & Nellie M Westlake Scholarship Foundation 160940k Mer reported $1,168,386 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does James L & Nellie M Westlake Scholarship Foundation 160940k Mer have?
- CharityIndex grades James L & Nellie M Westlake Scholarship Foundation 160940k Mer C+, based on financial health (reserves and operating margin).
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Data for James L & Nellie M Westlake Scholarship Foundation 160940k Mer (EIN 43-6248269) 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.