Achelis And Bodman Foundation
Achelis And Bodman Foundation consistently reports zero officer compensation while maintaining substantial assets for grant-making.
EIN: 136022018 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $24.5M |
| Total Expenses | $7.9M |
| Program Spending | 95% |
| Net Assets | $137.1M |
| Transparency Score | 90/100 |
Is Achelis And Bodman Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Achelis And Bodman Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Achelis And Bodman Foundation
Achelis And Bodman Foundation (EIN: 136022018) is a nonprofit organization based in New York, NY. The organization reported total revenue of $24.5M and total assets of $143.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Achelis And Bodman Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Achelis And Bodman Foundation is a large nonprofit that has been operating for 85 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.4M |
| Total Expenses | $7.9M |
| Surplus / Deficit | $-2,483,065 |
| Total Assets | $137.1M |
| Total Liabilities | $1 |
| Net Assets | $137.1M |
| Operating Margin | -46.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 208.9 months |
Financial Health Grade: B
In 2023, Achelis And Bodman Foundation reported a deficit of $2.5M with expenses exceeding revenue, holds 208.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Achelis And Bodman Foundation's revenue has grown at a compound annual growth rate (CAGR) of 12.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +47.1% | +0.5% | +6.4% |
| 2022 | -74.3% | +5.2% | -17.9% |
| 2021 | +183.0% | +10.2% | +15.7% |
| 2020 | -40.1% | +0.7% | +10.6% |
| 2019 | +194.4% | +121.6% | +215.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1941 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Achelis And Bodman Foundation with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Achelis And Bodman Foundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2.5M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly unusual and suggests a volunteer-led or externally managed structure, allowing more funds to be directed to grants.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Achelis And Bodman Foundation:
- Consistent 0% officer compensation, indicating high efficiency in directing funds to mission.
- Substantial and growing asset base, with assets reaching $137,130,810 in 2023, providing long-term stability.
- Minimal liabilities ($1 in recent years) demonstrating strong financial health.
- Clear focus on grant-making as its primary activity, aligning with its foundation mission.
Frequently Asked Questions about Achelis And Bodman Foundation
Is Achelis And Bodman Foundation a legitimate charity?
Achelis And Bodman Foundation (EIN: 136022018) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 10 years of IRS 990 filings on record. Total revenue: $24.5M. No red flags identified. 4 strengths noted. Financial health grade: B.
How does Achelis And Bodman Foundation spend its money?
Achelis And Bodman Foundation directs 95% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Achelis And Bodman Foundation tax-deductible?
Achelis And Bodman Foundation is registered as a tax-exempt nonprofit (EIN: 136022018). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Achelis And Bodman Foundation located?
Achelis And Bodman Foundation is headquartered in New York, New York and files with the IRS under EIN 136022018.
How many years of IRS 990 filings does Achelis And Bodman Foundation have?
Achelis And Bodman Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $24.5M in total revenue.
How does the foundation manage to have 0% officer compensation?
The 0% officer compensation suggests that the foundation's leadership may be entirely volunteer-based, or that administrative functions, including executive oversight, are handled by an external entity or pro bono, allowing all operational funds to be directed to grants and administrative overhead.
Is the foundation's spending exceeding revenue a concern?
For an endowed foundation like Achelis And Bodman, expenses exceeding revenue (e.g., $7,876,601 in expenses vs. $5,393,536 in revenue in 2023) is not necessarily a red flag. It often indicates that the foundation is spending down its endowment or distributing grants from its accumulated assets, which is a core function of such organizations.
What is the primary use of the foundation's funds?
As a grant-making foundation, the primary use of funds is the distribution of grants to other organizations, which constitutes its program service expenses. The 0% officer compensation further emphasizes this focus.
Filing History
IRS 990 filing history for Achelis And Bodman Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Achelis And Bodman Foundation's revenue has grown by 300.9%, moving from $1.3M to $5.4M. Total assets increased by 292.2% over the same period, from $35.0M to $137.1M. Total functional expenses rose by 351.5%, from $1.7M to $7.9M. In its most recent filing year (2023), Achelis And Bodman Foundation reported a deficit of $2.5M, with expenses exceeding revenue. The organization holds $1 in liabilities against $137.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $137.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.4M | $7.9M | $137.1M | $1 | — | View 990 |
| 2022 | $3.7M | $7.8M | $128.9M | $1 | — | View 990 |
| 2021 | $14.3M | $7.4M | $157.0M | $1 | — | View 990 |
| 2020 | $5.0M | $6.8M | $135.7M | $1 | — | View 990 |
| 2019 | $8.4M | $6.7M | $122.7M | $0 | — | View 990 |
| 2015 | $2.9M | $3.0M | $38.9M | $0 | — | View 990 |
| 2014 | $7.2M | $2.4M | $41.8M | $0 | — | View 990 |
| 2013 | $5.3M | $1.7M | $41.5M | $0 | — | View 990 |
| 2012 | $3.7M | $1.7M | $36.7M | $0 | — | View 990 |
| 2011 | $1.3M | $1.7M | $35.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.4M, expenses of $7.9M, and assets of $137.1M (revenue +47.1% year-over-year).
- 2022: Revenue of $3.7M, expenses of $7.8M, and assets of $128.9M (revenue -74.3% year-over-year).
- 2021: Revenue of $14.3M, expenses of $7.4M, and assets of $157.0M (revenue +183.0% year-over-year).
- 2020: Revenue of $5.0M, expenses of $6.8M, and assets of $135.7M (revenue -40.1% year-over-year).
- 2019: Revenue of $8.4M, expenses of $6.7M, and assets of $122.7M (revenue +194.4% year-over-year).
- 2015: Revenue of $2.9M, expenses of $3.0M, and assets of $38.9M (revenue -60.0% year-over-year).
- 2014: Revenue of $7.2M, expenses of $2.4M, and assets of $41.8M (revenue +34.7% year-over-year).
- 2013: Revenue of $5.3M, expenses of $1.7M, and assets of $41.5M (revenue +44.5% year-over-year).
- 2012: Revenue of $3.7M, expenses of $1.7M, and assets of $36.7M (revenue +173.4% year-over-year).
- 2011: Revenue of $1.3M, expenses of $1.7M, and assets of $35.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Achelis And Bodman Foundation:
Data Sources and Methodology
This transparency report for Achelis And Bodman Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.