Larraine Segil Scholars Foundation
Public records show a registered, tax-exempt organization in good standing.
Points to look into
- Only 45% of its spending went to programs.
These come from the organization's own tax return. There may be a good explanation; ask the charity.
What it says it does
LARRAINE SEGIL SCHOLARS FOUNDATION HAS BEEN ESTABLISHED TO PROVIDE MENTORING TO EXCEPTIONAL WOMEN IN ORDER TO ENCOURAGE THEIR EDUCATION AND GROWTH SO THAT THEY MAY REACH THEIR FULL POTENTIAL AND, IN SO DOING, POSITIVELY IMPACT THEIR COMMUNITIES AND INSPIRE FUTURE GENERATIONS OF WOMEN AND GIRLS TO DO THE SAME.
- Income
- $1.3 million
- Spending
- $570,504
- Spent on programs
- 45%
- Reserves
- 68.6 months of spending
- Largest source of income
- donations and private grants, 91%
- Employees
- 3
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 85 out of 100. Higher than 71% of charities in its peer group (education, $1m to $10m).
Reserves
35 of 35Spendable reserves would cover 68.6 months of spending.
Debt
20 of 20It owes 0% of what it owns.
Living within its means
15 of 15Income exceeded spending by 55% of income.
Income trend
15 of 15Income rose 1% on the year before.
Spending floor
0 of 1545% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Weak: 32 out of 100. Higher than 2% of charities in its peer group (education, $1m to $10m).
Independent board
5 of 250 of 8 voting board members are independent.
Conflict of interest policy
0 of 15Reports no written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
0 of 5Reports that it does not keep minutes of board meetings.
Board sees the tax return
0 of 10Did not give the board a copy of this return before filing it.
Independent check of accounts
0 of 15Its accounts were not audited or reviewed by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $255,746 spent. EACH YEAR, LARRAINE SEGIL SCHOLARS FOUNDATION HOPES TO SELECT 20 OR MORE WOMEN AS LARRAINE SEGIL SCHOLAR AWARDEES (THE "AWARDEES"). AWARDEES WILL BE SELECTED FROM WOMEN WHO DEFY SOCIETAL EXPECTATIONS, WALK THE ROAD LESS TRAVELED, MAY BE SQUARE PEGS TRYING TO FIT ROUND HOLES, AND LIVE A LIFE OF INTEGRITY. THEY WILL BE NOMINATED BY COMMUNITY ORGANIZATIONS, SUCH AS BLACK WOMEN WHO CODE AND THE EAST LOS ANGELES COMMUNITY FOUNDATION. EACH AWARDEE WILL BE PAIRED WITH A LARRAINE SEGIL SCHOLAR (A "SCHOLAR"), WHO WILL MENTOR HER AWARDEE DURING ONE-YEAR PERIOD. A COMMITEE OF SCHOLARS WILL SELECT EACH YEAR'S AWARDEES.THE SCHOLARS ARE FORMER RECIPIENTS OF LARRAINE SEGIL SCHOLARSHIPS. THESE ARE SCHOLARSHIPS AWARDED TO WOMEN STUDENTS BY THREE DIFFERENT EDUCATIONAL INSTITUTIONS. THE SCHOLARSHIP PROGRAM IS INDEPENDENT OF AND UNAFFILIATED WITH THE APPLICANT OTHER THAN THE FACT THE LARRAINE SEGIL SCHOLARS MUST MAKE A COMMITMENT TO MENTOR OTHER WOMEN.DURING THE COURSE OF THEIR AWARD YEAR, EACH AWARDEE WILL PARTICIPATE IN ONE OR MORE 30-MINUTE VIDEO CALLS PER MONTH WITH HER MENTOR AND PARTAKE IN FOUR EDUCATIONAL SESSIONS FOCUSING ON SUCH TOPICS AS CAREER OPPORTUNITIES, DEVELOPING AND TRACKING CAREER GOALS, ACHIEVING THEIR FULL POTENTIAL, AND SUPPORTING OTHER WOMEN TO DO THE SAME. SHE ALSO WILL RECEIVE ONGOING MENTORING FROM LARRAINE SEGIL DURING LARRAINE'S LIFETIME.IN EXCHANGE FOR THEIR COMMITMENT TO PARTICIPATE IN AND BENEFIT FROM THE APPLICANT'S MENTORING AND EDUCATIONAL PROGRAMS, AWARDEES WILL ALSO BE ASKED TO "PAY IT FORWARD" TO FUTURE AWARDEES AS ALUMNAE OF THE PROGRAM.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since January 2018.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.