Quick charity verification for Bonnell Cove Foundation (EIN: 133556721)
Verdict: Bonnell Cove Foundation appears trustworthy
85/100Mission Score
$89KRevenue
$1.6MAssets
1Red Flags
5Strengths
Red Flags
Expenses exceeded revenue in 2022 and 2023, indicating minor operating deficits ($5,657 and $3,074 respectively).
Strengths
Strong and growing asset base, currently at $1,594,483, providing long-term stability.
Consistently reports 0% officer compensation, ensuring resources are directed to the mission.
Minimal liabilities ($1 across all filings) indicates excellent debt management.
Consistent IRS 990 filing history demonstrates good transparency and compliance.
Significant asset growth over the decade, from $840,721 in 2011 to $1,594,483 currently.
Spending Breakdown
How Bonnell Cove Foundation allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Bonnell Cove Foundation
Is Bonnell Cove Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Bonnell Cove Foundation (EIN: 133556721) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
Is Bonnell Cove Foundation a good charity to donate to?
Bonnell Cove Foundation has a Mission Score of 85/100. Revenue: $89K. Assets: $1.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Bonnell Cove Foundation?
The Employer Identification Number (EIN) for Bonnell Cove Foundation is 133556721. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Bonnell Cove Foundation spend its money?
Bonnell Cove Foundation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Bonnell Cove Foundation's tax-exempt status?
You can verify Bonnell Cove Foundation's tax-exempt status using EIN 133556721 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Bonnell Cove Foundation demonstrates consistent financial stability with a strong asset base, currently at $1,594,483. While recent years (2022 and 2023) show expenses slightly exceeding revenue, with a deficit of $5,657 in 2022 and $3,074 in 2023, the organization's substantial assets provide a significant buffer. The foundation's revenue has fluctuated over the years, peaking at $326,900 in 2015, but has generally remained in the $50,000-$100,000 range in more recent periods. The consistent reporting of $1 in liabilities across all filings suggests a very low debt burden, indicating sound financial management in that regard.
The organization's transparency appears high, with a consistent filing history and no reported officer compensation, which can be a positive indicator of resources being directed towards the mission rather than executive salaries. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories in the provided data, it's challenging to fully assess spending efficiency. The NTEE code being unknown also limits the ability to benchmark against similar organizations.
Overall, the Bonnell Cove Foundation appears to be a financially stable organization with a strong asset base and a history of consistent IRS filings. The lack of officer compensation is a notable positive for transparency and resource allocation. Further detail on expense allocation would enhance the assessment of spending efficiency.