Joseph J Sinek Scholarship Trust
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Growing revenue
Joseph J Sinek Scholarship Trust is a 501(c)(3) organization based in Algona, Iowa, registered in 1983, with $21,569 in FY2024 revenue. CharityIndex grades it F.
5 E Call St, Algona, IA, 50511 EIN 42-6336481 Since 1983
Revenue (FY2024)
$22K
▲ 15.2% vs prior year
Expenses (FY2024)
$34K
Net assets
$828K
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 Joseph J Sinek 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 rating290 mo reserves · -59% 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 Joseph J Sinek Scholarship Trust: 290 mo reserves · -59% 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 Joseph J Sinek 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 Joseph J Sinek Scholarship Trust: 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 $22K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $828K
Operating margin
-58.7%
Spent more than it raised in the latest fiscal year.
Total assets
$828K
Total liabilities
$0
Net assets
$828K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $21,569▲15.2% | $34,238▼14.2% | $828,044▼1.5% | $828,044▼1.5% | 990PF |
| 2023 | $18,730▲11.9% | $39,912▲70.6% | $841,007▼2.6% | $841,007▼2.6% | 990PF |
| 2022 | $16,739▲141% | $23,401▼8.1% | $863,180▲0.1% | $863,180▲0.1% | 990PF |
| 2021 | $6,946▼62.5% | $25,455▼61.3% | $861,930▼2.1% | $861,930▼2.1% | 990PF |
| 2020 | $18,528▼31.0% | $65,701▼26.4% | $880,439▼5.1% | $880,439▼5.1% | 990PF |
| 2019 | $26,852▲1.8% | $89,224▲56.0% | $927,612▼6.3% | $927,612▼6.3% | 990PF |
| 2018 | $26,385▼22.1% | $57,196▼24.2% | $989,984▼2.0% | $989,984▼3.0% | 990PF |
| 2017 | $33,865▼14.3% | $75,428▲7.4% | $1,009,795▼4.0% | $1,020,795▼2.9% | 990PF |
| 2016 | $39,509▲25.2% | $70,247▼1.9% | $1,051,358▼2.8% | $1,051,358▼2.9% | 990PF |
| 2015 | $31,560▲12.7% | $71,639▼20.9% | $1,082,096▼3.6% | $1,082,205▼3.6% | 990PF |
| 2014 | $28,007▼4.7% | $90,581▼0.3% | $1,122,175▼5.3% | $1,122,184▼5.3% | 990PF |
| 2013 | $29,396 | $90,855▲5.0% | $1,184,749▼4.9% | $1,184,749▼4.9% | 990PF |
| 2012 | — | $86,558▲1.3% | $1,246,208▼2.5% | $1,246,208▼2.5% | 990PF |
| 2011 | — | $85,459▲4.2% | $1,277,936▼1.2% | $1,277,936▼1.7% | 990PF |
| 2010 | — | $81,994 | $1,292,878 | $1,300,600 | 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 Joseph J Sinek Scholarship Trust a legitimate nonprofit?
- Yes. Joseph J Sinek Scholarship Trust is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 42-6336481, based in Algona, Iowa. Donations are tax-deductible.
- What is Joseph J Sinek Scholarship Trust's EIN?
- Joseph J Sinek Scholarship Trust's Employer Identification Number (EIN) is 42-6336481.
- How much revenue does Joseph J Sinek Scholarship Trust report?
- Joseph J Sinek Scholarship Trust reported $21,569 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Joseph J Sinek Scholarship Trust have?
- CharityIndex grades Joseph J Sinek Scholarship Trust F, based on financial health (reserves and operating margin).
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Data for Joseph J Sinek Scholarship Trust (EIN 42-6336481) 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.