Virginia R Padovan Scholarship Trust
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
Virginia R Padovan Scholarship Trust is a 501(c)(3) organization based in Burlington, Iowa, registered in 1985, with $1,241 in FY2024 revenue. CharityIndex grades it C.
Po Box 928, Burlington, IA, 52601 EIN 42-6378715 Since 1985
Revenue (FY2024)
$1,241
▲ 1059.8% vs prior year
Expenses (FY2024)
$1,475
Net assets
$8,351
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 Virginia R Padovan Scholarship Trust— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
C+Financial health25% of the rating68 mo reserves · -19% 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 Virginia R Padovan Scholarship Trust: 68 mo reserves · -19% margin earns a C+ 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 Virginia R Padovan Scholarship Trust— 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 Virginia R Padovan Scholarship Trust: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 928, Burlington, IA, 52601
- City
- Burlington
- State
- Iowa
- Category
- —
- Subcategory
- —
Financial trends
Revenue declined from $1,341 (FY2014) to $1,241 (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $8,351
Operating margin
-18.9%
Spent more than it raised in the latest fiscal year.
Total assets
$8,351
Total liabilities
$0
Net assets
$8,351
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,241▲1060% | $1,475▲1.7% | $8,351▼2.7% | $8,351▼2.7% | 990PF |
| 2023 | $107▼79.4% | $1,451▲67.2% | $8,585▼13.5% | $8,585▼13.5% | 990PF |
| 2022 | $520▼69.7% | $868▼40.2% | $9,929▼3.4% | $9,929▼3.4% | 990PF |
| 2021 | $1,716▲1013% | $1,452▲68.4% | $10,277▲2.6% | $10,277▲2.6% | 990PF |
| 2020 | -$188▼120% | $862▲1.3% | $10,013▼9.5% | $10,013▼9.5% | 990PF |
| 2019 | $919▲74.7% | $851▼26.6% | $11,063▲0.6% | $11,063▲0.6% | 990PF |
| 2018 | $526▼35.7% | $1,160▲36.5% | $10,995▼5.5% | $10,995▼5.5% | 990PF |
| 2017 | $818▲166% | $850▼33.2% | $11,629▼0.3% | $11,629▼0.3% | 990PF |
| 2016 | $307▲208% | $1,273▲45.2% | $11,661▼7.6% | $11,661▼7.6% | 990PF |
| 2015 | -$284▼121% | $877▲8.9% | $12,623▼8.4% | $12,623▼8.4% | 990PF |
| 2014 | $1,341 | $805▼30.5% | $13,784▲38.3% | $13,784▲38.3% | 990PF |
| 2012 | — | $1,159 | $9,964 | $9,964 | 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 Virginia R Padovan Scholarship Trust a legitimate nonprofit?
- Yes. Virginia R Padovan Scholarship Trust is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 42-6378715, based in Burlington, Iowa. Donations are tax-deductible.
- What is Virginia R Padovan Scholarship Trust's EIN?
- Virginia R Padovan Scholarship Trust's Employer Identification Number (EIN) is 42-6378715.
- How much revenue does Virginia R Padovan Scholarship Trust report?
- Virginia R Padovan Scholarship Trust reported $1,241 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Virginia R Padovan Scholarship Trust have?
- CharityIndex grades Virginia R Padovan Scholarship Trust C, based on financial health (reserves and operating margin).
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Data for Virginia R Padovan Scholarship Trust (EIN 42-6378715) 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.