Merrimack Valley Italian-american Scholarship Fund Incorporated
Only null% goes to programs Strong reserves Declining revenue
Merrimack Valley Italian-american Scholarship Fund Incorporated is a 501(c)(3) organization based in Andover, Massachusetts, registered in 2001, with $136 in FY2021 revenue. CharityIndex grades it F.
1 Dundee Park Ste 3, Andover, MA, 01810 EIN 04-3531925 Since 2001
Revenue (FY2021)
$136
▼ 75.4% vs prior year
Human Services median: $293K
Expenses (FY2021)
$1,640
Net assets
$63K
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 Merrimack Valley Italian-american Scholarship Fund Incorporated— 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 rating464 mo reserves · -1106% 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 Merrimack Valley Italian-american Scholarship Fund Incorporated: 464 mo reserves · -1106% 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 Merrimack Valley Italian-american Scholarship Fund Incorporated— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FTransparency10% of the rating0 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 Merrimack Valley Italian-american Scholarship Fund Incorporated: 0 of 5 disclosure signals earns a F on this criterion. See the exact thresholds →
Show this grade on your website
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Contact & location
- Address
- 1 Dundee Park Ste 3, Andover, MA, 01810
- City
- Andover
- State
- Massachusetts
- Category
- Human Services
- Subcategory
- Human Services
Financial trends
Revenue declined from $21K (FY2010) to $136 (FY2021) across 12 reported years.
Financial snapshot
Financial health & position (FY2021)
Operating margin
-1105.9%
Spent more than it raised in the latest fiscal year.
Total assets
$63K
Net assets
$63K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2021 | $136▼75.4% | $1,640▼81.9% | $63,454▼2.3% | $63,454▼2.3% | 990EZ |
| 2020 | $552▼96.6% | $9,049▼38.1% | $64,959▼11.6% | $64,959▼11.6% | 990EZ |
| 2019 | $16,456▼9.8% | $14,607▼26.0% | $73,455▲2.6% | $73,455▲2.6% | 990EZ |
| 2018 | $18,242▼19.6% | $19,750▼7.1% | $71,606▼2.1% | $71,606▼2.1% | 990EZ |
| 2017 | $22,677▲0.7% | $21,263▲13.9% | $73,114▲2.0% | $73,114▲2.0% | 990EZ |
| 2016 | $22,513▲11.1% | $18,674▼6.4% | $71,700▲5.7% | $71,700▲5.7% | 990EZ |
| 2015 | $20,258▼10.2% | $19,957▼0.4% | $67,861▲0.4% | $67,861▲0.4% | 990EZ |
| 2014 | $22,553▲15.5% | $20,047▲11.8% | $67,560▲3.9% | $67,560▲3.9% | 990EZ |
| 2013 | $19,521▼8.5% | $17,932▲0.2% | $65,054▲2.5% | $65,054▲2.5% | 990EZ |
| 2012 | $21,331▲6.6% | $17,903▲9.1% | $63,465▲5.7% | $63,465▲5.7% | 990EZ |
| 2011 | $20,005▼2.9% | $16,412▲14.6% | $60,037▲6.4% | $60,037▲6.4% | 990EZ |
| 2010 | $20,606 | $14,319 | $56,444 | $56,444 | 990EZ |
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 Merrimack Valley Italian-american Scholarship Fund Incorporated a legitimate nonprofit?
- Yes. Merrimack Valley Italian-american Scholarship Fund Incorporated is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 04-3531925, based in Andover, Massachusetts. Donations are tax-deductible.
- What is Merrimack Valley Italian-american Scholarship Fund Incorporated's EIN?
- Merrimack Valley Italian-american Scholarship Fund Incorporated's Employer Identification Number (EIN) is 04-3531925.
- How much revenue does Merrimack Valley Italian-american Scholarship Fund Incorporated report?
- Merrimack Valley Italian-american Scholarship Fund Incorporated reported $136 in total revenue on its fiscal year 2021 IRS Form 990 filing.
- What financial grade does Merrimack Valley Italian-american Scholarship Fund Incorporated have?
- CharityIndex grades Merrimack Valley Italian-american Scholarship Fund Incorporated F, based on financial health (reserves and operating margin).
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Data for Merrimack Valley Italian-american Scholarship Fund Incorporated (EIN 04-3531925) 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.