Michael B Friscia Memorial Scholarship is a 501(c)(3) organization based in Bohemia, New York, registered in 2020, with $13,503 in FY2025 revenue. CharityIndex grades it C+.
Revenue (FY2025)
$14K
▲ 4.9% vs prior year
Education median: $200K
Expenses (FY2025)
$14K
Net assets
$48K
Employees
—
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 Michael B Friscia Memorial Scholarship— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 Michael B Friscia Memorial Scholarship: 40 mo reserves · -6% margin earns a B+ on this criterion. See the exact thresholds →
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 Michael B Friscia Memorial Scholarship— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 Michael B Friscia Memorial Scholarship: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Revenue declined from $36K (FY2020) to $14K (FY2025) across 6 reported years.
Financial snapshot
Operating margin
-6.4%
Spent more than it raised in the latest fiscal year.
Total assets
$48K
Total liabilities
$0
Net assets
$48K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2025 | $13,503▲4.9% | $14,361▲8.8% | $48,012▼1.8% | $48,012▼1.8% | 990PF |
| 2024 | $12,867▲41.2% | $13,200▲66.8% | $48,870▼0.7% | $48,870▼0.7% | 990PF |
| 2023 | $9,114▼10.4% | $7,915▲27.7% | $49,203▲2.5% | $49,203▲2.5% | 990PF |
| 2022 | $10,177▼51.1% | $6,200▲489% | $48,004▼9.2% | $48,004▼9.2% | 990PF |
| 2021 | $20,829▼41.5% | $1,053▼58.3% | $52,868▲59.8% | $52,868▲59.8% | 990PF |
| 2020 | $35,620 | $2,528 | $33,092 | $33,092 | 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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Data for Michael B Friscia Memorial Scholarship (EIN 84-4034858) 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.