Walter & Mabel Fromm Scholarship Trust
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
Walter & Mabel Fromm Scholarship Trust is a 501(c)(3) organization based in Milwaukee, Wisconsin, registered in 1976, with $178,215 in FY2024 revenue. CharityIndex grades it D.
Po Box 634, Milwaukee, WI, 53201 EIN 39-6250027 Since 1976
Revenue (FY2024)
$178K
▼ 12.4% vs prior year
Expenses (FY2024)
$243K
Net assets
$3.2M
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 Walter & Mabel Fromm 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 →
DFinancial health25% of the rating158 mo reserves · -36% 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 Walter & Mabel Fromm Scholarship Trust: 158 mo reserves · -36% margin earns a D 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 Walter & Mabel Fromm 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 Walter & Mabel Fromm Scholarship Trust: 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 $288K (FY2013) to $178K (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $3.2M
Operating margin
-36.5%
Spent more than it raised in the latest fiscal year.
Total assets
$3.2M
Total liabilities
$0
Net assets
$3.2M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $178,215▼12.4% | $243,231▲3.4% | $3,198,466▼1.8% | $3,198,466▼1.8% | 990PF |
| 2023 | $203,429▲39.1% | $235,166▼16.1% | $3,257,978▼0.4% | $3,257,978▼0.4% | 990PF |
| 2022 | $146,270▼77.3% | $280,181▼1.3% | $3,270,316▼1.5% | $3,270,316▼1.5% | 990PF |
| 2021 | $643,492▲707% | $283,892▲15.2% | $3,319,528▲12.1% | $3,319,528▲12.1% | 990PF |
| 2020 | $79,755▼57.9% | $246,352▲20.7% | $2,959,939▼5.3% | $2,959,939▼5.3% | 990PF |
| 2019 | $189,562▼3.7% | $204,173▲2.1% | $3,126,537▼0.5% | $3,126,537▼0.5% | 990PF |
| 2018 | $196,842▼13.8% | $199,937▲11.2% | $3,141,340▲0.3% | $3,141,340▲0.3% | 990PF |
| 2016 | $228,331▲27.7% | $179,857▼16.4% | $3,133,310▲1.7% | $3,133,310▲1.7% | 990PF |
| 2015 | $178,766▼46.5% | $215,030▲1.3% | $3,081,750▼1.2% | $3,081,750▼1.2% | 990PF |
| 2014 | $334,092▲16.0% | $212,352▲4.5% | $3,118,014▲4.0% | $3,118,014▲4.0% | 990PF |
| 2013 | $288,052 | $203,194▲2.6% | $2,996,874▲2.9% | $2,996,874▲2.9% | 990PF |
| 2012 | — | $198,015▼11.0% | $2,912,074▲0.2% | $2,912,074▲0.2% | 990PF |
| 2011 | — | $222,577▲28.7% | $2,907,677▲2.3% | $2,907,677▲2.3% | 990PF |
| 2010 | — | $172,968 | $2,841,460 | $2,841,460 | 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 Walter & Mabel Fromm Scholarship Trust a legitimate nonprofit?
- Yes. Walter & Mabel Fromm Scholarship Trust is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 39-6250027, based in Milwaukee, Wisconsin. Donations are tax-deductible.
- What is Walter & Mabel Fromm Scholarship Trust's EIN?
- Walter & Mabel Fromm Scholarship Trust's Employer Identification Number (EIN) is 39-6250027.
- How much revenue does Walter & Mabel Fromm Scholarship Trust report?
- Walter & Mabel Fromm Scholarship Trust reported $178,215 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Walter & Mabel Fromm Scholarship Trust have?
- CharityIndex grades Walter & Mabel Fromm Scholarship Trust D, based on financial health (reserves and operating margin).
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Data for Walter & Mabel Fromm Scholarship Trust (EIN 39-6250027) 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.