Lester I Beal Memorial Scholarship Fund
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
Lester I Beal Memorial Scholarship Fund is a 501(c)(3) organization based in Pittsburgh, Pennsylvania, registered in 1976, with $43,794 in FY2024 revenue. CharityIndex grades it C+.
500 1st Ave, Pittsburgh, PA, 15219 EIN 04-6398211 Since 1976
Revenue (FY2024)
$44K
▲ 143.2% vs prior year
Expenses (FY2024)
$31K
Net assets
$806K
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 Lester I Beal 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 →
B+Financial health25% of the rating312 mo reserves · +29% 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 Lester I Beal Memorial Scholarship Fund: 312 mo reserves · +29% 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 Lester I Beal 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 Lester I Beal Memorial Scholarship Fund: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 500 1st Ave, Pittsburgh, PA, 15219
- City
- Pittsburgh
- State
- Pennsylvania
- Category
- —
- Subcategory
- —
Financial trends
Revenue declined from $103K (FY2014) to $44K (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $806K
Operating margin
29.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$806K
Total liabilities
$0
Net assets
$806K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $43,794▲143% | $31,025▲11.4% | $806,038▲1.6% | $806,038▲1.6% | 990 |
| 2023 | $18,010▲341% | $27,842▼3.9% | $793,610▼1.1% | $793,610▼1.1% | 990 |
| 2022 | $4,080▼93.8% | $28,986▲10.1% | $802,791▼3.0% | $802,791▼3.0% | 990 |
| 2021 | $66,022▲195% | $26,327▼2.7% | $827,871▲5.0% | $827,871▲5.0% | 990 |
| 2020 | $22,389▼81.1% | $27,065▲4.1% | $788,114▼0.8% | $788,114▼0.8% | 990 |
| 2019 | $118,412▲180% | $26,005▲5.7% | $794,305▲13.2% | $794,305▲13.2% | 990 |
| 2018 | $42,258▼1.9% | $24,599▲6.7% | $701,913▲2.6% | $701,913▲2.6% | 990 |
| 2017 | $43,087▲78.4% | $23,052▲11.8% | $684,251▲3.0% | $684,251▲3.0% | 990 |
| 2016 | $24,154▼44.5% | $20,616▼5.7% | $664,227▲0.5% | $664,227▲0.5% | 990 |
| 2015 | $43,512▼57.9% | $21,862▼0.1% | $660,683▲3.4% | $660,683▲3.4% | 990 |
| 2014 | $103,286 | $21,884 | $639,027 | $639,027 | 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.
Frequently asked questions
- Is Lester I Beal Memorial Scholarship Fund a legitimate nonprofit?
- Yes. Lester I Beal Memorial Scholarship Fund is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 04-6398211, based in Pittsburgh, Pennsylvania. Donations are tax-deductible.
- What is Lester I Beal Memorial Scholarship Fund's EIN?
- Lester I Beal Memorial Scholarship Fund's Employer Identification Number (EIN) is 04-6398211.
- How much revenue does Lester I Beal Memorial Scholarship Fund report?
- Lester I Beal Memorial Scholarship Fund reported $43,794 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Lester I Beal Memorial Scholarship Fund have?
- CharityIndex grades Lester I Beal Memorial Scholarship Fund C+, based on financial health (reserves and operating margin).
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Data for Lester I Beal Memorial Scholarship Fund (EIN 04-6398211) 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.