Scholarship Fund Inc

Nonprofit profile at a glance

EIN
933472803
IRS 990-EZ coverage
2023–2025
Forms available
Form 990-EZ 2025
Location
Bristol, RI, USA
Phone
4014515890
Rating
64
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Scholarships, Student Financial Aid Services, Awards

Reported finances

Revenue
$47,971
Expenses
$11,795
Assets
$156,717

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

Leadership & pay

3 people listed

Executive titles in this filing

  • ROBERT PROULX (PRESIDENT)

People named in this filing

  • ROBERT PROULX (PRESIDENT)
  • SUSAN PROULX (DIRECTOR/BOARD MEMBER)
  • AMY DAVOK (DIRECTOR/BOARD MEMBER)

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

Providing annual scholarships for qualified individuals who are selected by the board

What it reported doing in 2025

Scholarship fund inc was able to provide $2,500 scholarships to four 2025 graduating high school seniors to use toward their college education.

Operating model

Revenue model
Other-operating. 100% of the money available for current operations came from other operating revenue.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 45
  • Transparency & Controls: 82
  • Sustainability: 79
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 20.8%; rating input score 21
  • Program expense ratio: 84.8%; rating input score 85

Transparency & Controls

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

Sustainability

  • Operating margin: 75.4%; rating input score 96; 96th percentile among comparable filings
  • Total-asset coverage ratio: 13.29; rating input score 94; 94th 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: 0% per year; rating input score 100; 47th percentile among comparable filings
  • Revenue growth: 6.8% per year; rating input score 100; 74th percentile among comparable filings
  • Asset growth: 31.1% per year; rating input score 100; 90th percentile among comparable filings

Details

  • Where the money goes: 20.8% of revenue deployed · 84.8% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $10K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2023 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 21/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.