Valentine Hammes Family & Leopold Mannes Brown Scholarship Fund is a 501(c)(3) organization based in Madison, Wisconsin, registered in 1973, with $120,120 in FY2024 revenue. CharityIndex grades it D.
Revenue (FY2024)
$120K
▲ 16.5% vs prior year
Education median: $200K
Expenses (FY2024)
$153K
Net assets
$2.4M
Employees
—
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 Valentine Hammes Family & Leopold Mannes Brown 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 →
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 Valentine Hammes Family & Leopold Mannes Brown Scholarship Fund: 189 mo reserves · -27% margin earns a D on this criterion. See the exact thresholds →
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 Valentine Hammes Family & Leopold Mannes Brown 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 →
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 Valentine Hammes Family & Leopold Mannes Brown Scholarship Fund: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Revenue declined from $2.9M (FY2013) to $120K (FY2024) across 12 reported years.
Financial snapshot
Operating margin
-27.1%
Spent more than it raised in the latest fiscal year.
Total assets
$2.4M
Total liabilities
$0
Net assets
$2.4M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $120,120▲16.5% | $152,691▲34.0% | $2,410,633▼1.3% | $2,410,633▼1.3% | 990PF |
| 2023 | $103,117▼70.5% | $113,975▼30.8% | $2,443,193▼0.4% | $2,443,193▼0.4% | 990PF |
| 2022 | $349,568▲226% | $164,748▲246% | $2,454,065▲8.0% | $2,454,065▲8.0% | 990PF |
| 2021 | $107,148▲232% | $47,675▼72.7% | $2,271,429▲2.7% | $2,271,429▲2.7% | 990PF |
| 2020 | $32,261▼56.8% | $174,790▼0.6% | $2,211,963▼6.1% | $2,211,963▼6.1% | 990PF |
| 2019 | $74,708▼31.2% | $175,762▲0.5% | $2,354,611▼4.1% | $2,354,611▼4.1% | 990PF |
| 2018 | $108,576▲327% | $174,900▼43.5% | $2,455,655▼2.6% | $2,455,655▼2.6% | 990PF |
| 2017 | $25,442▼79.4% | $309,822▲694% | $2,521,977▼10.1% | $2,521,977▼10.1% | 990PF |
| 2016 | $123,296▲145% | $39,000▼78.7% | $2,806,357▲3.1% | $2,806,357▲3.1% | 990PF |
| 2015 | $50,298▼68.9% | $183,277▼24.7% | $2,721,589▼4.6% | $2,721,589▼4.6% | 990PF |
| 2014 | $161,932▼94.4% | $243,437▲120% | $2,853,252▼2.8% | $2,853,252▼2.8% | 990PF |
| 2013 | $2,887,985 | $110,714▲19.5% | $2,934,757▲1764% | $2,934,757▲1764% | 990PF |
| 2012 | — | $92,649▲25.3% | $157,486▼21.7% | $157,486▼21.7% | 990PF |
| 2011 | — | $73,925▲67.8% | $201,029▼12.6% | $201,029▼12.6% | 990PF |
| 2010 | — | $44,053 | $229,990 | $229,990 | 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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Data for Valentine Hammes Family & Leopold Mannes Brown Scholarship Fund (EIN 23-7223235) 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.