Victor & Mary Nelson Scholarship Fund 43-s352-00-5
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
Victor & Mary Nelson Scholarship Fund 43-s352-00-5 is a 501(c)(3) organization based in Detroit, Michigan, registered in 1974, with $205,064 in FY2024 revenue. CharityIndex grades it F.
Po Box 75000, Detroit, MI, 48275 EIN 39-6184729 Since 1974
Revenue (FY2024)
$205K
▼ 85.2% vs prior year
Expenses (FY2024)
$411K
Net assets
$5.0M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—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 Victor & Mary Nelson Scholarship Fund 43-s352-00-5— 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 rating146 mo reserves · -100% 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 Victor & Mary Nelson Scholarship Fund 43-s352-00-5: 146 mo reserves · -100% 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 Victor & Mary Nelson Scholarship Fund 43-s352-00-5— 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 Victor & Mary Nelson Scholarship Fund 43-s352-00-5: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue declined from $855K (FY2013) to $205K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $5.0M
Operating margin
-100.3%
Spent more than it raised in the latest fiscal year.
Total assets
$5.0M
Total liabilities
$0
Net assets
$5.0M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $205,064▼85.2% | $410,839▲89.2% | $5,013,455▼4.2% | $5,013,455▼4.2% | 990PF |
| 2023 | $1,383,854▲1795% | $217,172▼23.8% | $5,234,137▲10.7% | $5,234,137▲10.7% | 990PF |
| 2022 | $73,038▼85.9% | $285,130▼3.1% | $4,726,622▼4.7% | $4,726,622▼4.7% | 990PF |
| 2021 | $519,761▲56.4% | $294,178▲4.9% | $4,958,412▲4.7% | $4,958,412▲4.7% | 990PF |
| 2020 | $332,393▲138% | $280,426▼1.9% | $4,734,845▲1.1% | $4,734,845▲1.1% | 990PF |
| 2019 | $139,797▼52.0% | $285,767▼0.9% | $4,682,531▼3.0% | $4,682,531▼3.0% | 990PF |
| 2018 | $291,469▼23.4% | $288,299▲10.4% | $4,828,502▲0.1% | $4,828,502▲0.1% | 990PF |
| 2017 | $380,522▲207% | $261,134▼14.6% | $4,825,330▲2.5% | $4,825,330▲2.5% | 990PF |
| 2016 | $124,127▼43.3% | $305,744▲7.1% | $4,705,943▼3.7% | $4,705,943▼3.7% | 990PF |
| 2015 | $218,760▼19.1% | $285,489▼10.3% | $4,887,558▼1.3% | $4,887,558▼1.3% | 990PF |
| 2014 | $270,426▼68.4% | $318,354▲13.4% | $4,954,287▼1.0% | $4,954,287▼1.0% | 990PF |
| 2013 | $854,685 | $280,700▲2.6% | $5,002,215▲12.9% | $5,002,215▲12.9% | 990PF |
| 2012 | — | $273,483▼13.4% | $4,430,107▼1.6% | $4,430,107▼1.6% | 990PF |
| 2011 | — | $315,766▲4.0% | $4,501,962▲12.2% | $4,501,962▲12.2% | 990PF |
| 2010 | — | $303,482 | $4,012,867 | $4,012,867 | 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 Victor & Mary Nelson Scholarship Fund 43-s352-00-5 a legitimate nonprofit?
- Yes. Victor & Mary Nelson Scholarship Fund 43-s352-00-5 is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 39-6184729, based in Detroit, Michigan. Donations are tax-deductible.
- What is Victor & Mary Nelson Scholarship Fund 43-s352-00-5's EIN?
- Victor & Mary Nelson Scholarship Fund 43-s352-00-5's Employer Identification Number (EIN) is 39-6184729.
- How much revenue does Victor & Mary Nelson Scholarship Fund 43-s352-00-5 report?
- Victor & Mary Nelson Scholarship Fund 43-s352-00-5 reported $205,064 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Victor & Mary Nelson Scholarship Fund 43-s352-00-5 have?
- CharityIndex grades Victor & Mary Nelson Scholarship Fund 43-s352-00-5 F, based on financial health (reserves and operating margin).
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Data for Victor & Mary Nelson Scholarship Fund 43-s352-00-5 (EIN 39-6184729) 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.