W Scott Reid Scholarship Fund
Only null% goes to programs Strong reserves Declining revenue
W Scott Reid Scholarship Fund is a 501(c)(3) organization based in Auburn, Maine, registered in 1998, with $29,481 in FY2024 revenue. CharityIndex grades it B.
80 Caron Ln, Auburn, ME, 04210 EIN 01-6141002 Since 1998
Revenue (FY2024)
$29K
▲ 144.5% vs prior year
Education median: $200K
Expenses (FY2024)
$26K
Net assets
$416K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—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 W Scott Reid 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 →
B+Financial health25% of the rating193 mo reserves · +12% 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 W Scott Reid Scholarship Fund: 193 mo reserves · +12% margin earns a B+ 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 W Scott Reid 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 →
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 W Scott Reid Scholarship Fund: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 80 Caron Ln, Auburn, ME, 04210
- City
- Auburn
- State
- Maine
- Category
- Education
- Subcategory
- Student Services & Aid
- Website
- …
Financial trends
Revenue declined from $37K (FY2020) to $29K (FY2024) across 5 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $416K
Operating margin
12.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$416K
Total liabilities
$0
Net assets
$416K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $29,481▲144% | $25,900▼0.1% | $415,844▲0.9% | $415,844▲0.9% | 990PF |
| 2023 | $12,059▲104% | $25,930▼13.0% | $412,263▼3.7% | $412,263▼3.7% | 990PF |
| 2022 | $5,917▼87.2% | $29,788▼4.5% | $427,896▼4.9% | $427,896▼4.9% | 990PF |
| 2021 | $46,276▲25.4% | $31,193▲64.8% | $449,993▲3.5% | $449,993▲3.5% | 990PF |
| 2020 | $36,904 | $18,923▼30.4% | $434,885▲11.7% | $434,885▲11.7% | 990PF |
| 2012 | — | $27,181▲31.4% | $389,165▲14.6% | $389,165▲14.6% | 990PF |
| 2011 | — | $20,691 | $339,603 | $339,603 | 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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Frequently asked questions
- Is W Scott Reid Scholarship Fund a legitimate nonprofit?
- Yes. W Scott Reid Scholarship Fund is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 01-6141002, based in Auburn, Maine. Donations are tax-deductible.
- What is W Scott Reid Scholarship Fund's EIN?
- W Scott Reid Scholarship Fund's Employer Identification Number (EIN) is 01-6141002.
- How much revenue does W Scott Reid Scholarship Fund report?
- W Scott Reid Scholarship Fund reported $29,481 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does W Scott Reid Scholarship Fund have?
- CharityIndex grades W Scott Reid Scholarship Fund B, based on financial health (reserves and operating margin).
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Data for W Scott Reid Scholarship Fund (EIN 01-6141002) 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.