Barthelmes Foundation Inc
Barthelmes Foundation's assets have declined by nearly 50% over a decade due to consistent spending exceeding revenue.
EIN: 201326155 · Tulsa, OK · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $525K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $4.8M |
| Transparency Score | 65/100 |
Is Barthelmes Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Barthelmes Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Barthelmes Foundation Inc
Barthelmes Foundation Inc (EIN: 201326155) is a nonprofit organization based in Tulsa, OK, classified under NTEE code T20. The organization reported total revenue of $1.7M and total assets of $4.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Barthelmes Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Barthelmes Foundation Inc is a mid-size nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $207K |
| Total Expenses | $525K |
| Surplus / Deficit | $-317,196 |
| Total Assets | $4.8M |
| Total Liabilities | $6K |
| Net Assets | $4.8M |
| Operating Margin | -153.0% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 109.2 months |
Financial Health Grade: B
In 2023, Barthelmes Foundation Inc reported a deficit of $317K with expenses exceeding revenue, holds 109.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Barthelmes Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -4.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -23.0% | -8.3% | -6.2% |
| 2022 | -53.0% | -13.9% | -5.6% |
| 2021 | +283.8% | +12.9% | -1.6% |
| 2020 | -75.2% | -16.1% | -7.5% |
| 2019 | +130.0% | -12.0% | -18.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Barthelmes Foundation Inc with a Mission Score of 65 out of 100 (Good). 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: 90%
- fundraising: 0%
According to IRS 990 filings, Barthelmes Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 deficit of $317K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the organization, which is highly unusual for an organization with assets nearing $5 million and annual expenses over $500,000.
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 Barthelmes Foundation Inc's IRS 990 filings:
- Consistent and significant deficit spending, with expenses regularly exceeding revenue.
- Nearly 50% reduction in total assets over the past decade, from $9.3 million to $4.7 million.
- Lack of clear explanation for the sustained asset depletion strategy in the provided data.
Strengths
The following positive indicators were identified for Barthelmes Foundation Inc:
- Consistently reports 0% officer compensation, indicating efficient use of funds for leadership salaries.
- Very low liabilities reported across all periods, suggesting good short-term debt management.
- Consistent filing of IRS Form 990s, demonstrating transparency in reporting.
Frequently Asked Questions about Barthelmes Foundation Inc
Is Barthelmes Foundation Inc a legitimate charity?
Barthelmes Foundation Inc (EIN: 201326155) is a registered tax-exempt nonprofit based in Oklahoma. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.7M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Barthelmes Foundation Inc spend its money?
Barthelmes Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Barthelmes Foundation Inc tax-deductible?
Barthelmes Foundation Inc is registered as a tax-exempt nonprofit (EIN: 201326155). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Barthelmes Foundation Inc CEO make?
Barthelmes Foundation Inc's highest-compensated officer earns $5 annually. The organization reported $1.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Barthelmes Foundation Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Barthelmes Foundation Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Barthelmes Foundation Inc located?
Barthelmes Foundation Inc is headquartered in Tulsa, Oklahoma and files with the IRS under EIN 201326155. It is classified under NTEE code T20.
How many years of IRS 990 filings does Barthelmes Foundation Inc have?
Barthelmes Foundation Inc has 10 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 $1.7M in total revenue.
Is Barthelmes Foundation Inc a good charity?
The Barthelmes Foundation Inc operates as a grantmaking foundation. Its 'goodness' depends on its mission and the impact of its grants. Financially, it has consistently spent more than it earns, leading to a significant reduction in its asset base over the past decade. While it reports 0% officer compensation, which is positive, the long-term sustainability of its current spending model is questionable.
Why are the assets declining so significantly?
The assets are declining because the foundation's annual expenses consistently exceed its annual revenue. For example, in 2023, expenses were $524,508 while revenue was only $207,312, resulting in a net loss that is covered by drawing down on its existing asset base. This pattern has been observed in every filing period provided.
What is the long-term financial outlook for the foundation?
Given the consistent trend of expenses exceeding revenue and the resulting decline in assets from $9.3 million to $4.7 million over 12 years, the long-term financial outlook suggests that the foundation will continue to deplete its endowment if this spending pattern persists. Without a change in revenue generation or expense reduction, its ability to sustain current grantmaking levels will diminish.
How does the 0% officer compensation impact the foundation?
The 0% officer compensation indicates that the foundation is not incurring salary expenses for its leadership, which can be a positive for maximizing funds available for its mission. However, it also raises questions about how the organization is managed and administered, as most organizations of this size typically have paid staff or executives.
Filing History
IRS 990 filing history for Barthelmes Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Barthelmes Foundation Inc's revenue has declined by 43.2%, moving from $365K to $207K. Total assets decreased by 49% over the same period, from $9.4M to $4.8M. Total functional expenses fell by 39.9%, from $873K to $525K. In its most recent filing year (2023), Barthelmes Foundation Inc reported a deficit of $317K, with expenses exceeding revenue. The organization holds $6K in liabilities against $4.8M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $4.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $207K | $525K | $4.8M | $6K | — | View 990 |
| 2022 | $269K | $572K | $5.1M | $6K | — | View 990 |
| 2021 | $572K | $664K | $5.4M | $6K | — | View 990 |
| 2020 | $149K | $588K | $5.5M | $1K | — | View 990 |
| 2019 | $600K | $701K | $5.9M | $4K | — | View 990 |
| 2015 | $261K | $797K | $7.3M | $3K | — | View 990 |
| 2014 | $528K | $970K | $7.8M | $12K | — | View 990 |
| 2013 | $283K | $878K | $8.3M | $6K | — | View 990 |
| 2012 | $376K | $849K | $8.9M | $114 | — | View 990 |
| 2011 | $365K | $873K | $9.4M | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $207K, expenses of $525K, and assets of $4.8M (revenue -23.0% year-over-year).
- 2022: Revenue of $269K, expenses of $572K, and assets of $5.1M (revenue -53.0% year-over-year).
- 2021: Revenue of $572K, expenses of $664K, and assets of $5.4M (revenue +283.8% year-over-year).
- 2020: Revenue of $149K, expenses of $588K, and assets of $5.5M (revenue -75.2% year-over-year).
- 2019: Revenue of $600K, expenses of $701K, and assets of $5.9M (revenue +130.0% year-over-year).
- 2015: Revenue of $261K, expenses of $797K, and assets of $7.3M (revenue -50.5% year-over-year).
- 2014: Revenue of $528K, expenses of $970K, and assets of $7.8M (revenue +86.7% year-over-year).
- 2013: Revenue of $283K, expenses of $878K, and assets of $8.3M (revenue -24.8% year-over-year).
- 2012: Revenue of $376K, expenses of $849K, and assets of $8.9M (revenue +2.8% year-over-year).
- 2011: Revenue of $365K, expenses of $873K, and assets of $9.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Barthelmes Foundation Inc:
Data Sources and Methodology
This transparency report for Barthelmes 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.