Otha E Herring Scholarship Fund I
Only null% goes to programs Strong reserves Growing revenue
Otha E Herring Scholarship Fund I is a 501(c)(3) organization based in Raleigh, North Carolina, registered in 2003, with $223,074 in FY2024 revenue. CharityIndex grades it C+.
Po Box 29522, Raleigh, NC, 27626 EIN 75-6690165 Since 2003
Revenue (FY2024)
$223K
▲ 61.4% vs prior year
Education median: $200K
Expenses (FY2024)
$213K
Net assets
$3.5M
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 Otha E Herring Scholarship Fund I— 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 rating196 mo reserves · +5% 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 Otha E Herring Scholarship Fund I: 196 mo reserves · +5% 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 Otha E Herring Scholarship Fund I— 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 Otha E Herring Scholarship Fund I: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
Show this grade on your website
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Contact & location
- Address
- Po Box 29522, Raleigh, NC, 27626
- City
- Raleigh
- State
- North Carolina
- Category
- Education
- Subcategory
- Student Services & Aid
Financial trends
Revenue declined from $588K (FY2013) to $223K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $3.5M
Operating margin
4.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$3.5M
Total liabilities
$0
Net assets
$3.5M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $223,074▲61.4% | $213,030▲5.4% | $3,486,555▲0.4% | $3,486,555▲0.4% | 990 |
| 2023 | $138,185▼82.6% | $202,171▲4.0% | $3,471,913▼1.9% | $3,471,913▼1.9% | 990 |
| 2022 | $794,142▲376% | $194,450▼9.4% | $3,538,068▲20.4% | $3,538,068▲20.4% | 990 |
| 2021 | $166,693▼6.1% | $214,604▼3.5% | $2,939,225▼1.6% | $2,939,225▼1.6% | 990 |
| 2020 | $177,443▼21.2% | $222,285▼6.1% | $2,987,006▼1.6% | $2,987,006▼1.6% | 990 |
| 2019 | $225,047▲96.7% | $236,648▲1.9% | $3,034,633▼0.4% | $3,034,633▼0.4% | 990 |
| 2018 | $114,427▼17.8% | $232,293▼7.6% | $3,046,233▼3.6% | $3,046,233▼3.6% | 990 |
| 2017 | $139,224▼7.5% | $251,356▲2.8% | $3,160,771▼3.4% | $3,160,771▼3.4% | 990 |
| 2016 | $150,467▲17.7% | $244,599▼1.4% | $3,271,702▼2.8% | $3,271,702▼2.8% | 990 |
| 2015 | $127,833▼41.1% | $248,139▼27.8% | $3,365,625▼3.4% | $3,365,625▼3.4% | 990 |
| 2014 | $217,133▼63.1% | $343,890▲32.6% | $3,482,776▼3.6% | $3,482,776▼3.6% | 990 |
| 2013 | $588,434 | $259,308▲1.1% | $3,613,535▲10.1% | $3,613,535▼3.1% | 990 |
| 2012 | — | $256,584 | $3,283,463 | $3,729,713 | 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.
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Frequently asked questions
- Is Otha E Herring Scholarship Fund I a legitimate nonprofit?
- Yes. Otha E Herring Scholarship Fund I is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 75-6690165, based in Raleigh, North Carolina. Donations are tax-deductible.
- What is Otha E Herring Scholarship Fund I's EIN?
- Otha E Herring Scholarship Fund I's Employer Identification Number (EIN) is 75-6690165.
- How much revenue does Otha E Herring Scholarship Fund I report?
- Otha E Herring Scholarship Fund I reported $223,074 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Otha E Herring Scholarship Fund I have?
- CharityIndex grades Otha E Herring Scholarship Fund I C+, based on financial health (reserves and operating margin).
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Data for Otha E Herring Scholarship Fund I (EIN 75-6690165) 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.