The Dr. Michael Priest Charitable Trust
Legal name: MICHAEL PRIEST CHARITABLE TR The Dr Michael Priest Charitable Trust
Nonprofit profile at a glance
- EIN
- 866440156
- IRS 990-EZ coverage
- 2021–2025
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990-EZ 2025
- Location
- South Boston, VA, US
- Phone
- (424) 332-7338
- Rating
- 38
- Verdict
- REVIEW
- Rating confidence
- Moderate
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $15,000
- Expenses
- $5,000
- Assets
- $89,025
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
3 people listed
People named in this filing
- James Harold Priest (Trustee)
- James Berkley Priest (Trustee)
- Patrick Regan Priest (Trustee)
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
The Dr. Michael Priest Charitable Trust is a non-profit organization dedicated to charity, philanthropy and scholarship, continuing Dr. Michael Priest's legacy of generosity by donating to worthy causes and granting an annual scholarship to a college-bound Virginia sportsperson who exemplifies athletic prowess, sportsmanship, community involvement, and academic excellence.
What it reported doing in 2025
This was our fifth year giving scholarships to high school seniors. $5000 in scholarships were donated this year.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
REVIEW - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 82
- Sustainability: 87
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 66.7%; rating input score 94; 94th percentile among comparable filings
- Total-asset coverage ratio: 17.8; rating input score 95; 95th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -62.1% per year; rating input score 0; 7th percentile among comparable filings
- Revenue growth: -44.4% per year; rating input score 0; 7th percentile among comparable filings
- Asset growth: 12% per year; rating input score 100; 74th percentile among comparable filings
Details
- What they do: 3 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 8 of 9 current checks pass · 1 finding to review
- Schedules: 1 filed schedules
- Filing history: 5 filing years from 2021 to 2025
- Contacts: How to reach this organization
- 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 — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.