Bannister Foundation Inc
Bannister Foundation: Minimal Activity, Declining Assets
EIN: 222493198 · Providence, RI · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Expenses | $3K |
| CEO/Top Officer Pay | $0 |
| Net Assets | $103K |
| Transparency Score | 20/100 |
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 →
About Bannister Foundation Inc
Bannister Foundation Inc (EIN: 222493198) is a nonprofit organization based in Providence, RI. The organization reported total revenue of $0 and total assets of $0 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 micro nonprofit, with 5 years of IRS 990 filings on record (2011–2015).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | -100.0% | -87.3% | -2.8% |
| 2014 | +3146.7% | -22.0% | -17.7% |
| 2013 | +0.0% | +4243.4% | -19.1% |
| 2012 | +3.4% | -2.8% | -0.4% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bannister Foundation Inc with a Mission Score of 20 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Bannister Foundation Inc allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, suggesting an all-volunteer operation or no paid staff.
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:
- Consistently reports $0 revenue and $0 program expenses, indicating no active charitable programs.
- Total assets have steadily declined from $159,557 in 2011 to $102,785 in 2015 without corresponding program expenditures.
- The purpose or mission of the foundation is unclear given the lack of program activity.
Strengths
The following positive indicators were identified for Bannister Foundation Inc:
- Consistent financial reporting, even with minimal activity.
- No reported executive compensation, which can be a positive for donor confidence if programs were active.
Frequently Asked Questions about Bannister Foundation Inc
Is Bannister Foundation Inc a legitimate charity?
Bannister Foundation Inc (EIN: 222493198) is a registered tax-exempt nonprofit based in Rhode Island. Our AI analysis gives it a Mission Score of 20/100. It has 5 years of IRS 990 filings on record. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Bannister Foundation Inc spend its money?
Bannister Foundation Inc reported its financials in IRS 990 filings. 5 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Bannister Foundation Inc tax-deductible?
Bannister Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222493198). 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 $0 annually. Executive compensation data is disclosed in IRS 990 filings.
Where is Bannister Foundation Inc located?
Bannister Foundation Inc is headquartered in Providence, Rhode Island and files with the IRS under EIN 222493198.
How many years of IRS 990 filings does Bannister Foundation Inc have?
Bannister Foundation Inc has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
What does Bannister Foundation Inc do?
Bannister Foundation Inc is a nonprofit organization in the Unknown sector, located in Providence, Rhode Island. It is classified under NTEE code Unknown.
How much revenue does Bannister Foundation Inc have?
Bannister Foundation Inc reported total revenue of N/A. Based on 5 IRS 990 filings on record.
What are Bannister Foundation Inc's total assets?
Bannister Foundation Inc holds total assets of N/A as reported in IRS 990 filings.
Where is Bannister Foundation Inc located?
Bannister Foundation Inc is based in Providence, Rhode Island.
What is Bannister Foundation Inc's EIN?
Bannister Foundation Inc's Employer Identification Number (EIN) is 222493198. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Bannister Foundation Inc?
Bannister Foundation Inc is classified under NTEE code Unknown (Unknown).
Is Bannister Foundation Inc a registered 501(c)(3)?
Bannister Foundation Inc appears in IRS records (EIN: 222493198). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Bannister Foundation Inc file IRS Form 990?
Yes, Bannister Foundation Inc has 5 IRS Form 990 filings on record. The most recent covers tax period 201512.
What was Bannister Foundation Inc's revenue in 2015?
In the 201512 filing period, Bannister Foundation Inc reported total revenue of N/A, total expenses of $3,000, and net assets of $102,785.
Is Bannister Foundation Inc's revenue growing or declining?
Bannister Foundation Inc's revenue is declining. Revenue went from $974 (201412) to N/A (201512), a -100.0% change. Based on 5 filings on record.
What is Bannister Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Bannister Foundation Inc covers tax period 201512. It shows revenue of N/A, expenses of $3,000, total assets of $102,785, and liabilities of N/A.
Is Bannister Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Bannister Foundation Inc has notable concerns. Mission Score: 20/100 (Poor). 3 red flags identified. 2 strengths noted.
What are the red flags for Bannister Foundation Inc?
The following concerns were identified: Consistently reports $0 revenue and $0 program expenses, indicating no active charitable programs.. Total assets have steadily declined from $159,557 in 2011 to $102,785 in 2015 without corresponding program expenditures.. The purpose or mission of the foundation is unclear given the lack of program activity.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Bannister Foundation Inc's strengths?
Positive indicators for Bannister Foundation Inc include: Consistent financial reporting, even with minimal activity.. No reported executive compensation, which can be a positive for donor confidence if programs were active.. These findings are derived from AI analysis of the organization's financial filings.
How does Bannister Foundation Inc compensate executives?
Executive compensation is reported as $0 across all available filings, suggesting an all-volunteer operation or no paid staff. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of $0 revenue and $0 program expenses, what is the current operational purpose of the Bannister Foundation, and how are its remaining assets being managed?
The filings suggest the foundation is largely inactive in terms of charitable programs and fundraising. Its assets are slowly diminishing, but the specific management strategy or future plans for these assets are not disclosed.
Filing History
IRS 990 filing history for Bannister Foundation Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), Bannister Foundation Inc's revenue has declined by 100%, moving from $29 to $0. Total assets decreased by 35.6% over the same period, from $160K to $103K. Total functional expenses rose by 316.7%, from $720 to $3K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $0 | $3K | $103K | $0 | — | View 990 |
| 2014 | $974 | $24K | $106K | $0 | — | View 990 |
| 2013 | $30 | $30K | $129K | $0 | — | View 990 |
| 2012 | $30 | $700 | $159K | $0 | — | View 990 |
| 2011 | $29 | $720 | $160K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $0, expenses of $3K, and assets of $103K (revenue -100.0% year-over-year).
- 2014: Revenue of $974, expenses of $24K, and assets of $106K (revenue +3146.7% year-over-year).
- 2013: Revenue of $30, expenses of $30K, and assets of $129K (revenue +0.0% year-over-year).
- 2012: Revenue of $30, expenses of $700, and assets of $159K (revenue +3.4% year-over-year).
- 2011: Revenue of $29, expenses of $720, and assets of $160K.
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.