Verl I Brooks Scholarship Foundation
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
Verl I Brooks Scholarship Foundation is a 501(c)(3) organization based in Galesburg, Illinois, registered in 1994, with $65,132 in FY2024 revenue. CharityIndex grades it D.
Po Box 967, Galesburg, IL, 61402 EIN 36-3967580 Since 1994
Revenue (FY2024)
$65K
▼ 66.9% vs prior year
Expenses (FY2024)
$177K
Net assets
$1.6M
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 Verl I Brooks 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 →
FFinancial health25% of the rating108 mo reserves · -171% 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 Verl I Brooks Scholarship Foundation: 108 mo reserves · -171% 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 Verl I Brooks 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 →
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 Verl I Brooks Scholarship Foundation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue declined from $84K (FY2013) to $65K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $1.6M
Operating margin
-171.2%
Spent more than it raised in the latest fiscal year.
Total assets
$1.6M
Total liabilities
$0
Net assets
$1.6M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $65,132▼66.9% | $176,654▲23.3% | $1,587,476▼6.6% | $1,587,476▼6.6% | 990PF |
| 2023 | $196,928▲272% | $143,289▲25.7% | $1,698,998▲3.3% | $1,698,998▲3.3% | 990PF |
| 2022 | $52,875▼49.4% | $113,971▼0.5% | $1,645,359▼3.6% | $1,645,359▼3.6% | 990PF |
| 2021 | $104,580▼57.9% | $114,527▼16.0% | $1,706,455▼0.6% | $1,706,455▼0.6% | 990PF |
| 2020 | $248,525▲227% | $136,412▼6.6% | $1,716,402▲7.0% | $1,716,402▲7.0% | 990PF |
| 2019 | $75,975▼65.1% | $146,099▲7.2% | $1,604,289▼4.2% | $1,604,289▼4.2% | 990PF |
| 2018 | $217,881▲164% | $136,276▲9.8% | $1,674,413▲5.1% | $1,674,413▲5.1% | 990PF |
| 2017 | $82,667▲0.6% | $124,168▼15.8% | $1,592,808▼2.5% | $1,592,808▼2.5% | 990PF |
| 2016 | $82,188▼21.5% | $147,421▲5.0% | $1,634,309▼3.8% | $1,634,309▼3.8% | 990PF |
| 2015 | $104,737▲28.5% | $140,336▲25.5% | $1,699,542▼2.1% | $1,699,542▼2.1% | 990PF |
| 2014 | $81,533▼2.9% | $111,820▲18.6% | $1,735,141▼1.7% | $1,735,141▼1.7% | 990PF |
| 2013 | $83,970 | $94,280▼9.6% | $1,765,428▼0.6% | $1,765,428▼0.6% | 990PF |
| 2012 | — | $104,336 | $1,775,738 | $1,775,738 | 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 Verl I Brooks Scholarship Foundation a legitimate nonprofit?
- Yes. Verl I Brooks Scholarship Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 36-3967580, based in Galesburg, Illinois. Donations are tax-deductible.
- What is Verl I Brooks Scholarship Foundation's EIN?
- Verl I Brooks Scholarship Foundation's Employer Identification Number (EIN) is 36-3967580.
- How much revenue does Verl I Brooks Scholarship Foundation report?
- Verl I Brooks Scholarship Foundation reported $65,132 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Verl I Brooks Scholarship Foundation have?
- CharityIndex grades Verl I Brooks Scholarship Foundation D, based on financial health (reserves and operating margin).
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Data for Verl I Brooks Scholarship Foundation (EIN 36-3967580) 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.