Island Scholars Inc

Nonprofit profile at a glance

EIN
464892849
IRS 990-EZ coverage
2020–2025
Forms available
Form 990-EZ 2025, Form 990-N 2019
Location
Lawrenceville, NJ, USA
Phone
9082959838
Rating
96
Verdict
STRONG
Rating confidence
Moderate
Sector
Alumni Associations

Reported finances

Revenue
$69,338
Expenses
$82,292
Assets
$80,630

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • RONALD ROSE (PRESIDENT)
  • LOUISE BOWMAN (VICE PRESIDENT)

People named in this filing

  • RONALD ROSE (PRESIDENT)
  • LOUISE BOWMAN (VICE PRESIDENT)
  • DR TERA HUNTER (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide scholarships to students based on need and academic abilities

What it reported doing in 2025

In 2025, Island Scholars awarded grants, scholarships awarded to 24 students, More than 190 students have been awarded scholarshipssince 2015. In addition, sixteen students earned Bachelors degrees bringing our total graduates to more than 140. Our graduates are pursuing careers in Accounting, Economics, Education, Engineering, Nursing and Medicine among other professions. They are making significant contributions to their communities

Operating model

Revenue model
Other-operating. 75% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 98
  • Transparency & Controls: 100
  • Sustainability: 31
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 94.1%; rating input score 94

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -18.7%; rating input score 22; 22nd percentile among comparable filings
  • Total-asset coverage ratio: 0.98; rating input score 47; 47th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 9% per year; rating input score 100; 69th percentile among comparable filings
  • Revenue growth: 3.2% per year; rating input score 100; 63rd percentile among comparable filings
  • Asset growth: 5.8% per year; rating input score 100; 59th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 94.1% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $77K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 5 filing years from 2020 to 2025
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 22/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 47/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.