Bahnik Foundation Inc

Bahnik Foundation Inc. shows significant asset growth and high revenue retention with zero reported officer compensation.

EIN: 113216930 · Oyster Bay, NY · Updated: 2026-03-28

$24.5MRevenue

$82.0MAssets

85/100Mission Score (Excellent)

About Bahnik Foundation Inc

Bahnik Foundation Inc (EIN: 113216930) is a nonprofit organization based in Oyster Bay, NY. The organization reported total revenue of $24.5M and total assets of $82.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bahnik Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Bahnik Foundation Inc. demonstrates strong financial health, particularly in its asset growth and revenue generation. In the 202404 period, the organization reported a substantial revenue of $43,444,242 against expenses of $3,533,089, leading to a significant increase in assets to $81,010,907. This trend of revenue exceeding expenses is consistent across multiple years, indicating effective financial management and accumulation of resources. The foundation's liabilities have consistently been reported as minimal ($1 or $0), suggesting a very low debt burden and strong financial stability.

The organization's spending efficiency appears to be very high, with expenses consistently representing a small fraction of its revenue, especially in recent years. For instance, in 202404, expenses were only about 8% of revenue. This suggests that a large portion of its income is either being reinvested or added to its endowment, rather than being immediately spent. However, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess the efficiency of its program delivery versus overhead. The consistent reporting of zero officer compensation across all filings indicates a commitment to minimizing administrative costs at the executive level, which is a positive sign for transparency and donor confidence.

Transparency is generally good, with consistent annual filings available. The absence of officer compensation is a notable positive indicator. However, the lack of a specified NTEE code makes it difficult to understand the specific programmatic focus and compare its financial metrics against peer organizations in a similar mission area. Further detail on how the substantial assets are being utilized to achieve its mission would enhance overall transparency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Bahnik Foundation 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: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Bahnik Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no salaries or other compensation are paid to officers, which is highly unusual for an organization of this size with assets exceeding $81 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 Bahnik Foundation Inc's IRS 990 filings:

Unknown NTEE code makes mission assessment difficult
Very low expense ratio relative to revenue and assets, raising questions about direct program spending vs. asset accumulation
Consistent zero officer compensation for an organization with over $81 million in assets is unusual and warrants further inquiry into operational structure.

Strengths

The following positive indicators were identified for Bahnik Foundation Inc:

Strong financial health with consistent revenue generation and asset growth, reaching $81,010,907 in 202404.
Extremely low liabilities, consistently reported as $1 or $0, indicating strong financial stability.
Zero reported officer compensation across all filings, suggesting a commitment to minimizing executive overhead.
High revenue retention, with expenses significantly lower than revenue, particularly in the 202404 period ($43,444,242 revenue vs. $3,533,089 expenses).

Frequently Asked Questions about Bahnik Foundation Inc

How does the Bahnik Foundation Inc. utilize its substantial assets of over $81 million to achieve its mission, given its relatively low annual expenses?

The filings indicate significant asset accumulation, but the specific deployment of these assets towards programmatic goals is not detailed. The low expense ratio suggests a focus on endowment growth or grantmaking rather than direct program delivery.

What is the specific programmatic focus of the Bahnik Foundation Inc., as its NTEE code is unknown?

Without an NTEE code or detailed program descriptions in the filings, the specific mission and activities of the foundation remain unclear, making it difficult to assess its impact.

Given the zero reported officer compensation, how are the leadership and operational functions of the Bahnik Foundation Inc. managed?

The consistent reporting of zero officer compensation suggests that leadership may be entirely volunteer-based or compensated through other means not reported as officer compensation, which is unusual for an organization of this financial scale.

Filing History

IRS 990 filing history for Bahnik Foundation Inc showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2012–2024), Bahnik Foundation Inc's revenue has grown by 3713.7%, moving from $1.1M to $43.4M. Total assets increased by 325.3% over the same period, from $19.0M to $81.0M. Total functional expenses rose by 268.3%, from $959K to $3.5M. In its most recent filing year (2024), Bahnik Foundation Inc reported a surplus of $39.9M, with revenue exceeding expenses. The organization holds $1 in liabilities against $81.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $81.0M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2024	$43.4M	$3.5M	$81.0M	$1	—	View 990
2023	$4.4M	$2.7M	$41.2M	$1	—	View 990
2022	$2.9M	$2.5M	$39.6M	$1	—	View 990
2021	$4.1M	$2.3M	$39.1M	$1	—	—
2020	$5.0M	$2.6M	$37.4M	$0	—	View 990
2016	$4.6M	$1.5M	$26.4M	$0	—	View 990
2015	$2.8M	$1.5M	$23.2M	$0	—	View 990
2014	$3.1M	$1.3M	$21.8M	$0	—	View 990
2013	$2.0M	$957K	$20.0M	$0	—	View 990
2012	$1.1M	$959K	$19.0M	$0	—	View 990

Year-by-Year Financial Summary

2024: Revenue of $43.4M, expenses of $3.5M, and assets of $81.0M (revenue +888.4% year-over-year).
2023: Revenue of $4.4M, expenses of $2.7M, and assets of $41.2M (revenue +49.5% year-over-year).
2022: Revenue of $2.9M, expenses of $2.5M, and assets of $39.6M (revenue -28.3% year-over-year).
2021: Revenue of $4.1M, expenses of $2.3M, and assets of $39.1M (revenue -18.6% year-over-year).
2020: Revenue of $5.0M, expenses of $2.6M, and assets of $37.4M (revenue +8.5% year-over-year).
2016: Revenue of $4.6M, expenses of $1.5M, and assets of $26.4M (revenue +64.8% year-over-year).
2015: Revenue of $2.8M, expenses of $1.5M, and assets of $23.2M (revenue -8.1% year-over-year).
2014: Revenue of $3.1M, expenses of $1.3M, and assets of $21.8M (revenue +57.1% year-over-year).
2013: Revenue of $2.0M, expenses of $957K, and assets of $20.0M (revenue +71.2% year-over-year).
2012: Revenue of $1.1M, expenses of $959K, and assets of $19.0M.

Data Sources and Methodology

This transparency report for Bahnik Foundation 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.