Leonard A & Zelpha E Mckinnon Scholarship Trust
Only null% goes to programs Strong reserves Growing revenue
Leonard A & Zelpha E Mckinnon Scholarship Trust is a 501(c)(3) organization based in Chicago, Illinois, registered in 1987, with $48,686 in FY2024 revenue. CharityIndex grades it D.
10 S Dearborn Il1-0111, Chicago, IL, 60603 EIN 38-6944642 Since 1987
Revenue (FY2024)
$49K
▼ 19.3% vs prior year
Education median: $200K
Expenses (FY2024)
$70K
Net assets
$663K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—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 Leonard A & Zelpha E Mckinnon 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 →
DFinancial health25% of the rating114 mo reserves · -44% 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 Leonard A & Zelpha E Mckinnon Scholarship Trust: 114 mo reserves · -44% margin earns a D 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 Leonard A & Zelpha E Mckinnon 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 Leonard A & Zelpha E Mckinnon Scholarship Trust: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 10 S Dearborn Il1-0111, Chicago, IL, 60603
- City
- Chicago
- State
- Illinois
- Category
- Education
- Subcategory
- Colleges & Universities
Financial trends
Revenue declined from $71K (FY2017) to $49K (FY2024) across 8 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $663K
Operating margin
-43.8%
Spent more than it raised in the latest fiscal year.
Total assets
$663K
Total liabilities
$0
Net assets
$663K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $48,686▼19.3% | $70,001▲0.4% | $663,090▼3.1% | $663,090▼3.1% | 990PF |
| 2023 | $60,295▲3.4% | $69,745▲2.1% | $684,406▼1.4% | $684,406▼1.4% | 990PF |
| 2022 | $58,332▲49.4% | $68,299▼0.3% | $693,937▼1.4% | $693,937▼1.4% | 990PF |
| 2021 | $39,042▼28.5% | $68,471▲2.6% | $703,909▼4.0% | $703,909▼4.0% | 990PF |
| 2020 | $54,580▼10.0% | $66,767▲5.9% | $733,338▼1.6% | $733,338▼1.6% | 990PF |
| 2019 | $60,647▼5.4% | $63,040▼3.6% | $745,521▼0.3% | $745,521▼0.3% | 990PF |
| 2018 | $64,120▼9.8% | $65,389▲9.9% | $747,918▼0.2% | $747,918▼0.2% | 990PF |
| 2017 | $71,074 | $59,506▲14.9% | $749,204▼11.7% | $749,204▼11.7% | 990PF |
| 2010 | — | $51,810▼46.6% | $848,375▲0.7% | $848,375▲0.7% | 990 |
| 2009 | — | $96,980 | $842,068 | $842,068 | 990 |
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 Leonard A & Zelpha E Mckinnon Scholarship Trust a legitimate nonprofit?
- Yes. Leonard A & Zelpha E Mckinnon Scholarship Trust is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 38-6944642, based in Chicago, Illinois. Donations are tax-deductible.
- What is Leonard A & Zelpha E Mckinnon Scholarship Trust's EIN?
- Leonard A & Zelpha E Mckinnon Scholarship Trust's Employer Identification Number (EIN) is 38-6944642.
- How much revenue does Leonard A & Zelpha E Mckinnon Scholarship Trust report?
- Leonard A & Zelpha E Mckinnon Scholarship Trust reported $48,686 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Leonard A & Zelpha E Mckinnon Scholarship Trust have?
- CharityIndex grades Leonard A & Zelpha E Mckinnon Scholarship Trust D, based on financial health (reserves and operating margin).
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Data for Leonard A & Zelpha E Mckinnon Scholarship Trust (EIN 38-6944642) 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.