Nancy D Russell Testamentary Trust
Only null% goes to programs Strong reserves
Nancy D Russell Testamentary Trust is a 501(c)(3) organization based in Morehead City, North Carolina, registered in 2008, with $37,224 in FY2024 revenue. CharityIndex grades it C+.
Po Box 1347, Morehead City, NC, 28557 EIN 20-1117535 Since 2008
Revenue (FY2024)
$37K
▲ 75.6% vs prior year
Education median: $200K
Expenses (FY2024)
$15K
Net assets
$279K
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 Nancy D Russell Testamentary Trust— 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 rating218 mo reserves · +59% 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 Nancy D Russell Testamentary Trust: 218 mo reserves · +59% 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 Nancy D Russell Testamentary 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 Nancy D Russell Testamentary Trust: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 1347, Morehead City, NC, 28557
- City
- Morehead City
- State
- North Carolina
- Category
- Education
- Subcategory
- Student Services & Aid
Financial trends
Revenue grew from $16K (FY2013) to $37K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $279K
Operating margin
58.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$279K
Total liabilities
$0
Net assets
$279K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $37,224▲75.6% | $15,356▲38.4% | $279,115▲8.5% | $279,115▲8.5% | 990PF |
| 2023 | $21,202▼12.4% | $11,096▼39.2% | $257,247▲4.1% | $257,247▲4.1% | 990PF |
| 2022 | $24,194▼28.9% | $18,242▲12.5% | $247,141▲2.5% | $247,141▲2.5% | 990PF |
| 2021 | $34,027▲86.7% | $16,217▼30.2% | $241,189▲8.0% | $241,189▲8.0% | 990PF |
| 2020 | $18,223▼21.2% | $23,231▲51.3% | $223,379▼2.2% | $223,379▼2.2% | 990PF |
| 2019 | $23,137▼16.7% | $15,350▼20.4% | $228,387▲3.5% | $228,387▲3.5% | 990PF |
| 2018 | $27,770▲31.9% | $19,288▲0.1% | $220,600▲4.0% | $220,600▲4.0% | 990PF |
| 2017 | $21,060▲30.6% | $19,263▲24.1% | $212,118▲0.9% | $212,118▲0.9% | 990PF |
| 2016 | $16,125▼22.4% | $15,523▼20.0% | $210,321▲0.3% | $210,321▲0.3% | 990PF |
| 2015 | $20,772▼12.3% | $19,395▲6.3% | $209,719▲0.7% | $209,719▲0.7% | 990PF |
| 2014 | $23,673▲48.5% | $18,240▼10.9% | $208,342▲2.7% | $208,342▲2.7% | 990PF |
| 2013 | $15,940 | $20,464▲27.8% | $202,909▼2.2% | $202,909▼2.2% | 990PF |
| 2012 | — | $16,015▲69.4% | $207,433▼5.0% | $207,433▼5.0% | 990PF |
| 2011 | — | $9,454▼15.9% | $218,384▼3.3% | $218,384▼3.3% | 990PF |
| 2010 | — | $11,236 | $225,924 | $225,924 | 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 Nancy D Russell Testamentary Trust a legitimate nonprofit?
- Yes. Nancy D Russell Testamentary Trust is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 20-1117535, based in Morehead City, North Carolina. Donations are tax-deductible.
- What is Nancy D Russell Testamentary Trust's EIN?
- Nancy D Russell Testamentary Trust's Employer Identification Number (EIN) is 20-1117535.
- How much revenue does Nancy D Russell Testamentary Trust report?
- Nancy D Russell Testamentary Trust reported $37,224 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Nancy D Russell Testamentary Trust have?
- CharityIndex grades Nancy D Russell Testamentary Trust C+, based on financial health (reserves and operating margin).
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Data for Nancy D Russell Testamentary Trust (EIN 20-1117535) 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.