LESTER I BEAL MEMORIAL SCHOLARSHIP FUND

EIN: 046398211 501(c)(3)

PITTSBURGH, PA

Total Revenue
$43,794
Total Expenses
$31,025
Total Assets
$806,038
Net Assets
$806,038
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
MA
Phone
4122583051
Tax Period
2024-01-01 to 2024-12-31

LESTER I BEAL MEMORIAL SCHOLARSHIP FUND, founded in 1994, is a micro nonprofit that reported $44K in total revenue in fiscal year 2024. Revenue surged 143% from the prior year, signaling strong growth momentum. The organization ran a surplus of $13K, a strong 29% operating margin.

Mission

FINANCIAL SUPPORT FOR THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $43,794
Other Revenue $0
TOTAL REVENUE $43,794

Expense Breakdown

Grants Paid $17,599
Salaries & Benefits $13,092
Fundraising Expenses $0
Program Expenses $22,871
Other Expenses $334
TOTAL EXPENSES $31,025

Year-over-Year Comparison

2024 2023 Change
Revenue $43,794 $18,010 +1.4%
Expenses $31,025 $27,842 +0.1%
Net Income $12,769 $-9,832 -2.3%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
1
Independent Members
N/A
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A TRUSTEE 3.0
$13,092 $0 $13,092
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $43,794 $31,025 $806,038 $12,769
2023 $18,010 $27,842 $793,610 $-9,832
2022 $4,080 $28,986 $802,791 $-24,906
2021 $66,022 $26,327 $827,871 $39,695
2020 $22,389 $27,065 $788,114 $-4,676
2019 $118,412 $26,005 $794,305 $92,407
2018 $42,258 $24,599 $701,913 $17,659
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