Oliver W Storer Scholarship Foundation
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves
Oliver W Storer Scholarship Foundation is a 501(c)(3) organization based in Chicago, Illinois, registered in 1955, with $334,624 in FY2024 revenue. CharityIndex grades it C+.
10 S Dearborn Il1-0111, Chicago, IL, 60603 EIN 35-6012044 Since 1955
Revenue (FY2024)
$335K
▲ 91.9% vs prior year
Expenses (FY2024)
$347K
Net assets
$4.5M
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 Oliver W Storer Scholarship Foundation— 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 rating156 mo reserves · -4% 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 Oliver W Storer Scholarship Foundation: 156 mo reserves · -4% 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 Oliver W Storer Scholarship Foundation— 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 Oliver W Storer Scholarship Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $326K (FY2017) to $335K (FY2024) across 8 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $4.5M
Operating margin
-3.7%
Spent more than it raised in the latest fiscal year.
Total assets
$4.5M
Total liabilities
$0
Net assets
$4.5M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $334,624▲91.9% | $346,917▲20.3% | $4,505,776▼0.1% | $4,505,776▼0.1% | 990PF |
| 2023 | $174,402▲13.2% | $288,329▼19.1% | $4,510,602▼2.2% | $4,510,602▼2.2% | 990PF |
| 2022 | $154,030▼60.8% | $356,452▲8.4% | $4,613,850▼4.1% | $4,613,850▼4.1% | 990PF |
| 2021 | $392,873▲13.5% | $328,981▲6.1% | $4,813,276▲1.9% | $4,813,276▲1.9% | 990PF |
| 2020 | $346,000▼16.8% | $310,117▲6.2% | $4,723,950▲0.9% | $4,723,950▲0.9% | 990PF |
| 2019 | $415,711▲108% | $291,957▼1.4% | $4,679,647▲3.0% | $4,679,647▲3.0% | 990PF |
| 2018 | $200,340▼38.6% | $296,113▲2.2% | $4,541,254▼2.0% | $4,541,254▼2.0% | 990PF |
| 2017 | $326,190 | $289,721▲30.3% | $4,633,641▼1.9% | $4,633,641▼1.9% | 990PF |
| 2011 | — | $222,376▼2.1% | $4,724,899▲1.2% | $4,724,899▲1.2% | 990PF |
| 2010 | — | $227,188 | $4,670,642 | $4,670,642 | 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.
Frequently asked questions
- Is Oliver W Storer Scholarship Foundation a legitimate nonprofit?
- Yes. Oliver W Storer Scholarship Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 35-6012044, based in Chicago, Illinois. Donations are tax-deductible.
- What is Oliver W Storer Scholarship Foundation's EIN?
- Oliver W Storer Scholarship Foundation's Employer Identification Number (EIN) is 35-6012044.
- How much revenue does Oliver W Storer Scholarship Foundation report?
- Oliver W Storer Scholarship Foundation reported $334,624 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Oliver W Storer Scholarship Foundation have?
- CharityIndex grades Oliver W Storer Scholarship Foundation C+, based on financial health (reserves and operating margin).
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Data for Oliver W Storer Scholarship Foundation (EIN 35-6012044) 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.