Reverend Robert J Loftus Endowment and Scholarship Fund
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Growing revenue
Reverend Robert J Loftus Endowment and Scholarship Fund is a 501(c)(3) organization based in Mt Prospect, Illinois, registered in 2021, with $77,027 in FY2024 revenue. CharityIndex grades it C+.
300 S Elmhurst Ave, Mt Prospect, IL, 60056 EIN 36-2544845 Since 2021
Revenue (FY2024)
$77K
▲ 12.8% vs prior year
Expenses (FY2024)
$52K
Net assets
$1.1M
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 Reverend Robert J Loftus Endowment and Scholarship Fund— 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 rating259 mo reserves · +33% 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 Reverend Robert J Loftus Endowment and Scholarship Fund: 259 mo reserves · +33% 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 Reverend Robert J Loftus Endowment and Scholarship Fund— 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 Reverend Robert J Loftus Endowment and Scholarship Fund: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 300 S Elmhurst Ave, Mt Prospect, IL, 60056
- City
- Mt Prospect
- State
- Illinois
- Category
- —
- Subcategory
- —
Financial trends
Revenue grew from $49K (FY2020) to $77K (FY2024) across 5 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $1.1M
Operating margin
32.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.1M
Total liabilities
$0
Net assets
$1.1M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $77,027▲12.8% | $51,733▲48.7% | $1,116,677▲2.3% | $1,116,677▲2.3% | 990 |
| 2023 | $68,288▲27.4% | $34,799▲7.8% | $1,091,383▲3.2% | $1,091,383▲3.2% | 990 |
| 2022 | $53,584▼3.7% | $32,288▼22.6% | $1,057,892▲2.1% | $1,057,892▲2.1% | 990 |
| 2021 | $55,648▲13.6% | $41,711▼16.4% | $1,036,596▲1.4% | $1,036,596▲1.4% | 990 |
| 2020 | $48,990 | $49,916 | $1,022,659 | $1,022,659 | 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.
Frequently asked questions
- Is Reverend Robert J Loftus Endowment and Scholarship Fund a legitimate nonprofit?
- Yes. Reverend Robert J Loftus Endowment and Scholarship Fund is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 36-2544845, based in Mt Prospect, Illinois. Donations are tax-deductible.
- What is Reverend Robert J Loftus Endowment and Scholarship Fund's EIN?
- Reverend Robert J Loftus Endowment and Scholarship Fund's Employer Identification Number (EIN) is 36-2544845.
- How much revenue does Reverend Robert J Loftus Endowment and Scholarship Fund report?
- Reverend Robert J Loftus Endowment and Scholarship Fund reported $77,027 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Reverend Robert J Loftus Endowment and Scholarship Fund have?
- CharityIndex grades Reverend Robert J Loftus Endowment and Scholarship Fund C+, based on financial health (reserves and operating margin).
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Data for Reverend Robert J Loftus Endowment and Scholarship Fund (EIN 36-2544845) 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.