Bagby Foundation For The Musical Arts Inc
Bagby Foundation shows strong asset growth and zero executive compensation amidst fluctuating revenues.
EIN: 131873289 · Normandy Bch, NJ · NTEE: A99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $558K |
| Total Expenses | $197K |
| Program Spending | 75% |
| CEO/Top Officer Pay | $2.2 |
| Net Assets | $1.7M |
| Transparency Score | 85/100 |
Is Bagby Foundation For The Musical Arts Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bagby Foundation For The Musical Arts Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bagby Foundation For The Musical Arts Inc
Bagby Foundation For The Musical Arts Inc (EIN: 131873289) is a nonprofit organization based in Normandy Bch, NJ, classified under NTEE code A99. The organization reported total revenue of $558K and total assets of $2.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bagby Foundation For The Musical Arts Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bagby Foundation For The Musical Arts Inc is a small nonprofit that has been operating for 1 years, with 6 years of IRS 990 filings on record (2011–2019). Revenue has grown at a compound annual rate of 14.9%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $272K |
| Total Expenses | $197K |
| Surplus / Deficit | +$76K |
| Total Assets | $1.7M |
| Total Liabilities | $1K |
| Net Assets | $1.7M |
| Operating Margin | 27.7% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 101.4 months |
Financial Health Grade: A
In 2019, Bagby Foundation For The Musical Arts Inc reported a surplus of $76K with revenue exceeding expenses, holds 101.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 6 years of filings (2011–2019), Bagby Foundation For The Musical Arts Inc's revenue has grown at a compound annual growth rate (CAGR) of 14.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | +113.7% | +27.2% | -6.4% |
| 2015 | -49.7% | -9.7% | -1.5% |
| 2014 | +75.4% | -0.3% | +4.7% |
| 2013 | -2.6% | +5.8% | -1.4% |
| 2012 | +66.0% | +3.7% | -0.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1300 |
| IRS Ruling Date | 2025 |
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 Bagby Foundation For The Musical Arts Inc with a Mission Score of 85 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Bagby Foundation For The Musical Arts Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $76K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is entirely volunteer-based, which is highly commendable for a nonprofit of its size with assets exceeding $2.2 million.
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.
Red Flags
The following concerns were identified during AI analysis of Bagby Foundation For The Musical Arts Inc's IRS 990 filings:
- Lack of detailed expense breakdown in provided data prevents full spending efficiency analysis.
Strengths
The following positive indicators were identified for Bagby Foundation For The Musical Arts Inc:
- Strong asset growth, increasing from $1,661,372 in 2019 to $2,214,934 currently.
- Consistent 0% officer compensation, indicating volunteer leadership and efficient use of funds.
- Significant increase in latest reported revenue to $558,350, suggesting strong recent financial performance.
- Low liabilities across all reported periods, indicating good financial health and minimal debt.
Frequently Asked Questions about Bagby Foundation For The Musical Arts Inc
Is Bagby Foundation For The Musical Arts Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Bagby Foundation For The Musical Arts Inc (EIN: 131873289) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Bagby Foundation For The Musical Arts Inc spend its money?
Bagby Foundation For The Musical Arts Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bagby Foundation For The Musical Arts Inc tax-deductible?
Bagby Foundation For The Musical Arts Inc is registered as a tax-exempt nonprofit (EIN: 131873289). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Bagby Foundation For The Musical Arts Inc CEO make?
Bagby Foundation For The Musical Arts Inc's highest-compensated officer earns $2.2 annually. The organization reported $558K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Bagby Foundation For The Musical Arts Inc's spending goes to programs?
Bagby Foundation For The Musical Arts Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Bagby Foundation For The Musical Arts Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Bagby Foundation For The Musical Arts Inc is above average for NTEE category A99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bagby Foundation For The Musical Arts Inc located?
Bagby Foundation For The Musical Arts Inc is headquartered in Normandy Bch, New Jersey and files with the IRS under EIN 131873289. It is classified under NTEE code A99.
How many years of IRS 990 filings does Bagby Foundation For The Musical Arts Inc have?
Bagby Foundation For The Musical Arts Inc has 6 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 $558K in total revenue.
Is Bagby Foundation For The Musical Arts Inc financially stable?
Yes, the organization appears financially stable, with assets growing from $1,661,372 in 2019 to $2,214,934 currently, and a significant increase in its latest reported revenue to $558,350.
How does the organization manage executive compensation?
The organization reports 0% officer compensation across all available filings, indicating that its leadership serves on a volunteer basis.
Has the organization's revenue been consistent?
Revenue has fluctuated, ranging from $89,399 in 2011 to $272,139 in 2019, with a substantial increase to $558,350 in the latest period, suggesting recent growth or successful fundraising.
What is the trend in the organization's assets?
The organization's assets have shown consistent growth, increasing from $1,661,372 in 2019 to $2,214,934 currently, indicating sound financial management and accumulation of resources.
Filing History
IRS 990 filing history for Bagby Foundation For The Musical Arts Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2019), Bagby Foundation For The Musical Arts Inc's revenue has grown by 204.4%, moving from $89K to $272K. Total assets decreased by 5.6% over the same period, from $1.8M to $1.7M. Total functional expenses rose by 25.7%, from $156K to $197K. In its most recent filing year (2019), Bagby Foundation For The Musical Arts Inc reported a surplus of $76K, with revenue exceeding expenses. The organization holds $1K in liabilities against $1.7M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $272K | $197K | $1.7M | $1K | — | — |
| 2015 | $127K | $155K | $1.8M | $1K | — | View 990 |
| 2014 | $253K | $171K | $1.8M | $2K | — | View 990 |
| 2013 | $144K | $172K | $1.7M | $4K | — | View 990 |
| 2012 | $148K | $162K | $1.7M | $2K | — | View 990 |
| 2011 | $89K | $156K | $1.8M | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $272K, expenses of $197K, and assets of $1.7M (revenue +113.7% year-over-year).
- 2015: Revenue of $127K, expenses of $155K, and assets of $1.8M (revenue -49.7% year-over-year).
- 2014: Revenue of $253K, expenses of $171K, and assets of $1.8M (revenue +75.4% year-over-year).
- 2013: Revenue of $144K, expenses of $172K, and assets of $1.7M (revenue -2.6% year-over-year).
- 2012: Revenue of $148K, expenses of $162K, and assets of $1.7M (revenue +66.0% year-over-year).
- 2011: Revenue of $89K, expenses of $156K, and assets of $1.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bagby Foundation For The Musical Arts Inc:
Data Sources and Methodology
This transparency report for Bagby Foundation For The Musical Arts Inc 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.