Barren County Educational Foundation Inc
Barren County Educational Foundation consistently grows assets and maintains 0% officer compensation.
EIN: 202351623 · Glasgow, KY · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $252K |
| Program Spending | 100% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $1.9M |
| Transparency Score | 95/100 |
Is Barren County Educational Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Barren County Educational Foundation Inc directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Barren County Educational Foundation Inc
Barren County Educational Foundation Inc (EIN: 202351623) is a nonprofit organization based in Glasgow, KY, classified under NTEE code B82. The organization reported total revenue of $1.2M and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Barren County Educational Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Barren County Educational Foundation Inc is a mid-size nonprofit that has been operating for 20 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 20.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $465K |
| Total Expenses | $252K |
| Surplus / Deficit | +$213K |
| Total Assets | $1.9M |
| Net Assets | $1.9M |
| Operating Margin | 45.8% |
| Months of Reserves | 91.9 months |
Financial Health Grade: A
In 2023, Barren County Educational Foundation Inc reported a surplus of $213K with revenue exceeding expenses, holds 91.9 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2012–2023), Barren County Educational Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 20.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -34.2% | -63.9% | +15.0% |
| 2022 | +23.5% | +59.1% | -5.3% |
| 2021 | +19.8% | -13.5% | +53.7% |
| 2020 | -14.0% | +29.6% | +26.9% |
| 2019 | +34.0% | +14.3% | +31.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2006 |
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 Barren County Educational Foundation Inc with a Mission Score of 95 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: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Barren County Educational Foundation Inc allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% 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 surplus of $213K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported at 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly commendable for an organization of its size with assets nearing $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.
Strengths
The following positive indicators were identified for Barren County Educational Foundation Inc:
- Consistent asset growth, from $265,896 in 2014 to $1,932,861 in 2023.
- 0% officer compensation reported across all filings, maximizing program spending.
- No reported liabilities, indicating strong financial management.
- Expenses consistently lower than revenue, allowing for healthy asset accumulation.
- Clear and consistent IRS 990 filing history, demonstrating transparency.
Frequently Asked Questions about Barren County Educational Foundation Inc
Is Barren County Educational Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Barren County Educational Foundation Inc (EIN: 202351623) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Barren County Educational Foundation Inc spend its money?
Barren County Educational Foundation Inc directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Barren County Educational Foundation Inc tax-deductible?
Barren County Educational Foundation Inc is registered as a tax-exempt nonprofit (EIN: 202351623). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Barren County Educational Foundation Inc CEO make?
Barren County Educational Foundation Inc's highest-compensated officer earns $2 annually. The organization reported $1.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Barren County Educational Foundation Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Barren County Educational Foundation Inc is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Barren County Educational Foundation Inc located?
Barren County Educational Foundation Inc is headquartered in Glasgow, Kentucky and files with the IRS under EIN 202351623. It is classified under NTEE code B82.
How many years of IRS 990 filings does Barren County Educational Foundation Inc have?
Barren County Educational Foundation Inc has 12 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.
Is Barren County Educational Foundation Inc a good charity?
Yes, based on its IRS 990 data, it appears to be a very good charity. It demonstrates strong financial health, consistent asset growth, and a remarkable commitment to its mission by reporting 0% officer compensation across all filings.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved over time. Assets grew from $265,896 in 2014 to $1,932,861 in 2023, and revenue has generally trended upwards, indicating robust growth and stability.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, indicating a volunteer-led executive structure or that executive salaries are covered by other means, which is a strong positive for program efficiency.
Does the organization have any liabilities?
No, the organization consistently reports $0 in liabilities across all available IRS 990 filings, indicating excellent financial management and a debt-free operation.
Filing History
IRS 990 filing history for Barren County Educational Foundation Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Barren County Educational Foundation Inc's revenue has grown by 681.7%, moving from $60K to $465K. Total assets increased by 790.9% over the same period, from $217K to $1.9M. Total functional expenses rose by 328.9%, from $59K to $252K. In its most recent filing year (2023), Barren County Educational Foundation Inc reported a surplus of $213K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $465K | $252K | $1.9M | $0 | — | View 990 |
| 2022 | $707K | $700K | $1.7M | $0 | — | View 990 |
| 2021 | $572K | $440K | $1.8M | $0 | — | — |
| 2020 | $478K | $508K | $1.2M | $0 | — | View 990 |
| 2019 | $555K | $392K | $910K | $0 | — | View 990 |
| 2018 | $414K | $343K | $693K | $0 | — | View 990 |
| 2017 | $183K | $168K | $546K | $0 | — | View 990 |
| 2016 | $145K | $119K | $371K | $0 | — | View 990 |
| 2015 | $201K | $122K | $345K | $0 | — | View 990 |
| 2014 | $139K | $105K | $266K | $0 | — | View 990 |
| 2013 | $156K | $141K | $232K | $0 | — | View 990 |
| 2012 | $60K | $59K | $217K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $465K, expenses of $252K, and assets of $1.9M (revenue -34.2% year-over-year).
- 2022: Revenue of $707K, expenses of $700K, and assets of $1.7M (revenue +23.5% year-over-year).
- 2021: Revenue of $572K, expenses of $440K, and assets of $1.8M (revenue +19.8% year-over-year).
- 2020: Revenue of $478K, expenses of $508K, and assets of $1.2M (revenue -14.0% year-over-year).
- 2019: Revenue of $555K, expenses of $392K, and assets of $910K (revenue +34.0% year-over-year).
- 2018: Revenue of $414K, expenses of $343K, and assets of $693K (revenue +126.3% year-over-year).
- 2017: Revenue of $183K, expenses of $168K, and assets of $546K (revenue +26.1% year-over-year).
- 2016: Revenue of $145K, expenses of $119K, and assets of $371K (revenue -27.7% year-over-year).
- 2015: Revenue of $201K, expenses of $122K, and assets of $345K (revenue +44.4% year-over-year).
- 2014: Revenue of $139K, expenses of $105K, and assets of $266K (revenue -10.8% year-over-year).
- 2013: Revenue of $156K, expenses of $141K, and assets of $232K (revenue +161.8% year-over-year).
- 2012: Revenue of $60K, expenses of $59K, and assets of $217K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Barren County Educational Foundation Inc:
Data Sources and Methodology
This transparency report for Barren County Educational 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.