Leon & Audrey Hovarter Scholarship Fund Tr
Only null% goes to programs Strong reserves
Leon & Audrey Hovarter Scholarship Fund Tr is a 501(c)(3) organization based in Marcellus, Michigan, registered in 2005, with $5,481 in FY2024 revenue. CharityIndex grades it F.
Po Box 247, Marcellus, MI, 49067 EIN 61-6309487 Since 2005
Revenue (FY2024)
$5,481
▼ 6.5% vs prior year
Education median: $200K
Expenses (FY2024)
$19K
Net assets
$190K
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 Leon & Audrey Hovarter Scholarship Fund Tr— 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 rating117 mo reserves · -255% 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 Leon & Audrey Hovarter Scholarship Fund Tr: 117 mo reserves · -255% 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 Leon & Audrey Hovarter Scholarship Fund Tr— 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 Leon & Audrey Hovarter Scholarship Fund Tr: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 247, Marcellus, MI, 49067
- City
- Marcellus
- State
- Michigan
- Category
- Education
- Subcategory
- Student Services & Aid
Financial trends
Revenue declined from $17K (FY2013) to $5,481 (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $190K
Operating margin
-255.1%
Spent more than it raised in the latest fiscal year.
Total assets
$190K
Total liabilities
$0
Net assets
$190K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $5,481▼6.5% | $19,464▲1.7% | $190,077▼6.9% | $190,077▼6.9% | 990PF |
| 2023 | $5,865▼6.9% | $19,143▼28.1% | $204,110▼6.1% | $204,110▼6.1% | 990PF |
| 2022 | $6,303▲10.3% | $26,640▼34.9% | $217,430▼8.6% | $217,430▼8.6% | 990PF |
| 2021 | $5,712▼33.6% | $40,893▼2.1% | $237,808▼12.9% | $237,808▼12.9% | 990PF |
| 2020 | $8,600▼16.8% | $41,783▲18.6% | $273,064▼10.9% | $273,064▼10.9% | 990PF |
| 2019 | $10,341▼12.2% | $35,227▼0.1% | $306,321▼7.5% | $306,321▼7.5% | 990PF |
| 2018 | $11,782▼13.1% | $35,279▲11.3% | $331,295▼8.5% | $331,295▼8.5% | 990PF |
| 2017 | $13,556▼22.7% | $31,695▼5.7% | $362,153▼5.3% | $362,153▼5.3% | 990PF |
| 2016 | $17,532▼44.2% | $33,611▲17.7% | $382,312▼5.7% | $382,312▼5.7% | 990PF |
| 2015 | $31,421▲8.8% | $28,564▼20.5% | $405,544▲0.6% | $405,544▲0.6% | 990PF |
| 2014 | $28,870▲69.8% | $35,916▼24.1% | $403,108▼1.7% | $403,108▼1.7% | 990PF |
| 2013 | $17,002 | $47,301 | $410,154 | $410,154 | 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 Leon & Audrey Hovarter Scholarship Fund Tr a legitimate nonprofit?
- Yes. Leon & Audrey Hovarter Scholarship Fund Tr is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 61-6309487, based in Marcellus, Michigan. Donations are tax-deductible.
- What is Leon & Audrey Hovarter Scholarship Fund Tr's EIN?
- Leon & Audrey Hovarter Scholarship Fund Tr's Employer Identification Number (EIN) is 61-6309487.
- How much revenue does Leon & Audrey Hovarter Scholarship Fund Tr report?
- Leon & Audrey Hovarter Scholarship Fund Tr reported $5,481 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Leon & Audrey Hovarter Scholarship Fund Tr have?
- CharityIndex grades Leon & Audrey Hovarter Scholarship Fund Tr F, based on financial health (reserves and operating margin).
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Data for Leon & Audrey Hovarter Scholarship Fund Tr (EIN 61-6309487) 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.