Nick Nichols Memorial Scholarship Fund
Nonprofit profile at a glance
- EIN
- 912172802
- IRS 990-EZ coverage
- 2021–2025
- Forms available
- Form 990-EZ 2025, Form 990-N 2012
- Location
- Oakland, CA, USA
- Phone
- 5109075321
- Rating
- 34
- Verdict
- REVIEW
- Rating confidence
- Moderate
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $502
- Expenses
- $0
- Assets
- $10,296
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
2 people listed
Executive titles in this filing
- Clinton Carter (Director & President)
People named in this filing
- Clinton Carter (Director & President)
- Maritiza IIario (Director & 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
The Nick Nichols Memorial Scholarship was created in honor of a man who devoted his life to serving the employees of the IRS and improving working conditions. Funds provide financial assistance to the children, or grandchildren of IRS NTEU Chapter 20 members in good standing for the purpose of aiding in their pursuit of higher education.
What it reported doing in 2025
No scholarships were awarded for the 2025 calendar year because of the government shutdown. Awards were issued during the month of January 2026.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
The verdict
REVIEW - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 82
- Sustainability: 8
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: Limited
- Total-asset coverage ratio: Limited
- Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
- Officer compensation ratio: Limited
Growth
- Program expense growth: -73.9% per year; rating input score 0; 5th percentile among comparable filings
- Revenue growth: -12.9% per year; rating input score 0; 21st percentile among comparable filings
- Asset growth: 18.7% per year; rating input score 100; 83rd percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 2 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Grant Readiness: California registration: this organization is not authorized to operate as a charity in California.