Bannister Foundation Inc
Bannister Foundation Inc. shows inconsistent financial reporting with several years of nominal activity and no reported officer compensation.
EIN: 201014663 · Gulfport, MS · NTEE: A40 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $2,466,378 |
| Net Assets | $0 |
| Transparency Score | 40/100 |
Is Bannister Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bannister Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bannister Foundation Inc
Bannister Foundation Inc (EIN: 201014663) is a nonprofit organization based in Gulfport, MS, classified under NTEE code A40. The organization reported total revenue of $1.2M and total assets of $3.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bannister Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bannister Foundation Inc is a mid-size nonprofit that has been operating for 12 years, with 6 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of -84.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1 |
| Total Expenses | $0 |
| Surplus / Deficit | +$1 |
| Total Assets | $1 |
| Total Liabilities | $1 |
| Net Assets | $0 |
| Operating Margin | 100.0% |
| Debt-to-Asset Ratio | 100.0% |
Financial Health Grade: B
In 2023, Bannister Foundation Inc reported a surplus of $1 with revenue exceeding expenses, has a debt-to-asset ratio of 100.0% (high leverage).
Financial Trends
Over 6 years of filings (2015–2023), Bannister Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -84.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.0% | — | +0.0% |
| 2022 | -100.0% | -100.0% | -100.0% |
| 2021 | -24.6% | +4.4% | +3.2% |
| 2020 | +23317100.0% | — | +305281200.0% |
| 2019 | -100.0% | -100.0% | -100.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
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 Bannister Foundation Inc with a Mission Score of 40 out of 100 (Fair). 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: 80%
- fundraising: 5%
According to IRS 990 filings, Bannister Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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:
- Debt-to-asset ratio: 100.0%.
Executive Compensation Analysis
No officer compensation has been reported across any of the provided filings, including years with significant revenue like $2,466,378 in 2015 and $175,897 in 2021, suggesting either a fully volunteer-run organization or a lack of disclosure in the available data.
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 Bannister Foundation Inc's IRS 990 filings:
- Inconsistent and nominal financial reporting in multiple IRS 990 filings (e.g., $1 revenue, $0 expenses)
- Lack of reported officer compensation across all filings, even in years with substantial revenue
- Significant fluctuations in reported revenue and expenses over time, making trend analysis difficult
- Limited transparency due to incomplete or placeholder financial data in several reporting periods
Strengths
The following positive indicators were identified for Bannister Foundation Inc:
- Maintained significant assets, reaching over $3 million in 2021, indicating some financial stability or endowment.
- Reported a surplus in substantive years, such as 2021 ($175,897 revenue vs. $60,277 expenses).
Frequently Asked Questions about Bannister Foundation Inc
Is Bannister Foundation Inc a legitimate charity?
Bannister Foundation Inc (EIN: 201014663) is a registered tax-exempt nonprofit based in Mississippi. Our AI analysis gives it a Mission Score of 40/100. It has 6 years of IRS 990 filings on record. Total revenue: $1.2M. 4 red flags identified. 2 strengths noted. Financial health grade: B.
How does Bannister Foundation Inc spend its money?
Bannister Foundation Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Bannister Foundation Inc tax-deductible?
Bannister Foundation Inc is registered as a tax-exempt nonprofit (EIN: 201014663). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Bannister Foundation Inc CEO make?
Bannister Foundation Inc's highest-compensated officer earns $2,466,378 annually. The organization reported $1.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Bannister Foundation Inc's spending goes to programs?
Bannister Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Bannister Foundation Inc compare to similar nonprofits?
With a transparency score of 40/100 (Fair), Bannister Foundation Inc is near average for NTEE category A40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bannister Foundation Inc located?
Bannister Foundation Inc is headquartered in Gulfport, Mississippi and files with the IRS under EIN 201014663. It is classified under NTEE code A40.
How many years of IRS 990 filings does Bannister Foundation Inc have?
Bannister Foundation 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 $1.2M in total revenue.
Why are there multiple IRS 990 filings with only $1 in revenue and assets?
These filings (e.g., 2023, 2022, 2019) appear to be incomplete or placeholder filings, making it difficult to assess the organization's actual financial activity for those periods.
What is the actual operational scale of the Bannister Foundation Inc. given the fluctuating revenue?
The operational scale is highly inconsistent based on the filings, ranging from over $2.4 million in revenue in 2015 to $1 in recent years, making it challenging to determine a consistent operational level.
Does the organization have paid staff, or is it entirely volunteer-run?
The filings consistently report 0% officer compensation, which could indicate a volunteer-run structure, but without further detail, it's difficult to confirm if there are any paid staff.
How does the organization manage its assets, which were over $3 million in 2021, with such low reported expenses in some years?
The organization maintains significant assets, such as $3,151,443 in 2021, but the low reported expenses in some years, especially those with nominal revenue, raise questions about how these assets are being utilized or if they are primarily held as an endowment.
Filing History
IRS 990 filing history for Bannister Foundation Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2015–2023), Bannister Foundation Inc's revenue has declined by 100%, moving from $2.5M to $1. Total assets decreased by 100% over the same period, from $2.5M to $1. Total functional expenses fell by 100%, from $15K to $0. The organization holds $1 in liabilities against $1 in assets (debt-to-asset ratio: 100.0%), resulting in net assets of $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1 | $0 | $1 | $1 | — | — |
| 2022 | $1 | $0 | $1 | $1 | — | — |
| 2021 | $176K | $60K | $3.2M | $136K | — | View 990 |
| 2020 | $233K | $58K | $3.1M | $153K | — | View 990 |
| 2019 | $1 | $0 | $1 | $1 | — | View 990 |
| 2015 | $2.5M | $15K | $2.5M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1, expenses of $0, and assets of $1 (revenue +0.0% year-over-year).
- 2022: Revenue of $1, expenses of $0, and assets of $1 (revenue -100.0% year-over-year).
- 2021: Revenue of $176K, expenses of $60K, and assets of $3.2M (revenue -24.6% year-over-year).
- 2020: Revenue of $233K, expenses of $58K, and assets of $3.1M (revenue +23317100.0% year-over-year).
- 2019: Revenue of $1, expenses of $0, and assets of $1 (revenue -100.0% year-over-year).
- 2015: Revenue of $2.5M, expenses of $15K, and assets of $2.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bannister Foundation Inc:
Data Sources and Methodology
This transparency report for Bannister 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.