Rives C Minor and Asalie M Preston Educational Foundation Inc
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
Rives C Minor and Asalie M Preston Educational Foundation Inc is a 501(c)(3) organization based in Charlottesvle, Virginia, registered in 1983, with $8,019 in FY2024 revenue. CharityIndex grades it D.
Po Box 274, Charlottesvle, VA, 22902 EIN 52-1279007 Since 1983
Revenue (FY2024)
$8,019
▼ 58.4% vs prior year
Expenses (FY2024)
$32K
Net assets
$39K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—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 Rives C Minor and Asalie M Preston Educational Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating14 mo reserves · -304% 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 Rives C Minor and Asalie M Preston Educational Foundation Inc: 14 mo reserves · -304% margin earns a F 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 Rives C Minor and Asalie M Preston Educational Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 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 Rives C Minor and Asalie M Preston Educational Foundation Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 274, Charlottesvle, VA, 22902
- City
- Charlottesvle
- State
- Virginia
- Category
- —
- Subcategory
- —
- Website
- …
Financial trends
Revenue declined from $37K (FY2020) to $8,019 (FY2024) across 5 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $39K
Operating margin
-304.1%
Spent more than it raised in the latest fiscal year.
Total assets
$39K
Total liabilities
$0
Net assets
$39K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $8,019▼58.4% | $32,405▼19.0% | $38,653▼38.7% | $38,653▼38.7% | 990PF |
| 2023 | $19,280▼19.2% | $40,020▲0.5% | $63,039▼24.8% | $63,039▼24.8% | 990PF |
| 2022 | $23,870▼36.6% | $39,802▼39.3% | $83,779▼16.0% | $83,779▼16.0% | 990PF |
| 2021 | $37,624▲0.7% | $65,608▼44.7% | $99,711▼21.9% | $99,711▼21.9% | 990PF |
| 2020 | $37,351 | $118,724 | $127,695 | $127,695 | 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.
Grants received · $115K total
13 grants to Rives C Minor and Asalie M Preston Educational Foundation Inc totaling $115K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Charlottesville Area Community Foundation | Support of work outlined in grant application | 2022 | $10,000 |
| Charlottesville Area Community Foundation | General purposes | 2021 | $10,000 |
| Charlottesville Area Community Foundation | Bamaworks 2021 grant | 2021 | $10,000 |
| Charlottesville Area Community Foundation | Community recovery & catalyst grant | 2020 | $12,500 |
| Charlottesville Area Community Foundation | General purposes | 2020 | $10,000 |
| Charlottesville Area Community Foundation | General purposes | 2019 | $10,000 |
| Charlottesville Area Community Foundation | For bama works 2019 | 2019 | $10,000 |
| Charlottesville Area Community Foundation | General purpose | 2019 | $5,000 |
| Charlottesville Area Community Foundation | Scholars program | 2018 | $10,000 |
| Charlottesville Area Community Foundation | General purposes | 2018 | $9,500 |
| Charlottesville Area Community Foundation | General purpose | 2017 | $6,000 |
| Charlottesville Area Community Foundation | General purpose | 2016 | $6,000 |
| Charlottesville Area Community Foundation | Two scholarships ($3,000 each) | 2015 | $6,000 |
Frequently asked questions
- Is Rives C Minor and Asalie M Preston Educational Foundation Inc a legitimate nonprofit?
- Yes. Rives C Minor and Asalie M Preston Educational Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 52-1279007, based in Charlottesvle, Virginia. Donations are tax-deductible.
- What is Rives C Minor and Asalie M Preston Educational Foundation Inc's EIN?
- Rives C Minor and Asalie M Preston Educational Foundation Inc's Employer Identification Number (EIN) is 52-1279007.
- How much revenue does Rives C Minor and Asalie M Preston Educational Foundation Inc report?
- Rives C Minor and Asalie M Preston Educational Foundation Inc reported $8,019 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Rives C Minor and Asalie M Preston Educational Foundation Inc have?
- CharityIndex grades Rives C Minor and Asalie M Preston Educational Foundation Inc D, based on financial health (reserves and operating margin).
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Data for Rives C Minor and Asalie M Preston Educational Foundation Inc (EIN 52-1279007) 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.