Bay And Paul Foundations Inc
Bay And Paul Foundations Inc. experiences significant asset depletion while maintaining zero officer compensation.
EIN: 131991717 · Wilmington, DE · NTEE: T20 · Updated: 2026-03-28
Is Bay And Paul Foundations Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bay And Paul Foundations Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bay And Paul Foundations Inc
Bay And Paul Foundations Inc (EIN: 131991717) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T20. The organization reported total revenue of $175 and total assets of $8K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bay And Paul Foundations Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bay And Paul Foundations Inc is a micro nonprofit that has been operating for 62 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -23.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $308K |
| Total Expenses | $16.5M |
| Surplus / Deficit | $-16,175,631 |
| Total Assets | $52K |
| Total Liabilities | $1 |
| Net Assets | $52K |
| Operating Margin | -5255.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 0.0 months |
Financial Health Grade: C
In 2023, Bay And Paul Foundations Inc reported a deficit of $16.2M with expenses exceeding revenue, holds 0.0 months of operating reserves (limited), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Bay And Paul Foundations Inc's revenue has declined at a compound annual growth rate (CAGR) of -23.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +51.6% | +79.2% | -99.7% |
| 2022 | -77.2% | -50.6% | -39.4% |
| 2021 | -84.8% | +89.0% | -27.0% |
| 2020 | +164.0% | +9.7% | -15.9% |
| 2019 | -34.2% | +38.7% | -1.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1964 |
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 Bay And Paul Foundations Inc with a Mission Score of 70 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, Bay And Paul Foundations 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 $16.2M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly commendable and suggests a strong commitment to directing resources to its mission.
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 Bay And Paul Foundations Inc's IRS 990 filings:
- Dramatic and consistent decline in assets from $71.6M in 2012 to $52K in 2023, raising sustainability concerns.
- Expenses consistently and significantly exceed revenue in recent years (e.g., $16.4M expenses vs. $307K revenue in 2023), indicating reliance on asset drawdowns.
- Very low current asset base ($52,222 in 2023) compared to multi-million dollar expenses, suggesting a potential winding down or significant operational shift.
Strengths
The following positive indicators were identified for Bay And Paul Foundations Inc:
- Consistent reporting of 0% officer compensation, indicating strong financial efficiency in executive pay.
- Low liabilities in recent years (e.g., $1 in 2023), suggesting good management of short-term obligations.
Frequently Asked Questions about Bay And Paul Foundations Inc
Is Bay And Paul Foundations Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Bay And Paul Foundations Inc (EIN: 131991717) some concerns. Mission Score: 70/100. 3 red flags identified, 2 strengths noted.
How does Bay And Paul Foundations Inc spend its money?
Bay And Paul Foundations Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bay And Paul Foundations Inc tax-deductible?
Bay And Paul Foundations Inc is registered as a tax-exempt nonprofit (EIN: 131991717). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the reason for the dramatic decrease in assets from over $70 million in 2012 to $52,222 in 2023?
The provided data does not specify the exact reasons for the asset depletion, but it is a significant trend that would typically be explained in the organization's financial statements or narrative. It could indicate a strategic spend-down, large grant disbursements, or significant investment losses.
How does the organization fund its multi-million dollar expenses with significantly lower reported revenues in recent years?
As a private foundation, it likely funds its expenses primarily through disbursements from its endowment (assets) rather than relying solely on annual revenue. The large expenses relative to revenue suggest it is drawing down its principal.
What is the long-term financial strategy given the current asset levels and high expense rates?
The data suggests a potential spend-down strategy or a significant restructuring. With assets at $52,222 and expenses in the millions, the current model appears unsustainable without significant asset replenishment or a change in operational scale.
Filing History
IRS 990 filing history for Bay And Paul Foundations Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Bay And Paul Foundations Inc's revenue has declined by 96.1%, moving from $7.8M to $308K. Total assets decreased by 99.9% over the same period, from $70.1M to $52K. Total functional expenses rose by 215.9%, from $5.2M to $16.5M. In its most recent filing year (2023), Bay And Paul Foundations Inc reported a deficit of $16.2M, with expenses exceeding revenue. The organization holds $1 in liabilities against $52K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $52K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $308K | $16.5M | $52K | $1 | — | — |
| 2022 | $203K | $9.2M | $20.4M | $4.7M | — | View 990 |
| 2021 | $890K | $18.6M | $33.7M | $8.9M | — | View 990 |
| 2020 | $5.8M | $9.9M | $46.1M | $2.7M | — | View 990 |
| 2019 | $2.2M | $9.0M | $54.8M | $2.9M | — | View 990 |
| 2015 | $3.4M | $6.5M | $55.7M | $1.5M | — | View 990 |
| 2014 | $5.2M | $6.3M | $65.9M | $1.9M | — | View 990 |
| 2013 | $4.9M | $6.2M | $68.6M | $2.2M | — | View 990 |
| 2012 | $6.1M | $5.5M | $71.6M | $2.8M | — | View 990 |
| 2011 | $7.8M | $5.2M | $70.1M | $2.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $308K, expenses of $16.5M, and assets of $52K (revenue +51.6% year-over-year).
- 2022: Revenue of $203K, expenses of $9.2M, and assets of $20.4M (revenue -77.2% year-over-year).
- 2021: Revenue of $890K, expenses of $18.6M, and assets of $33.7M (revenue -84.8% year-over-year).
- 2020: Revenue of $5.8M, expenses of $9.9M, and assets of $46.1M (revenue +164.0% year-over-year).
- 2019: Revenue of $2.2M, expenses of $9.0M, and assets of $54.8M (revenue -34.2% year-over-year).
- 2015: Revenue of $3.4M, expenses of $6.5M, and assets of $55.7M (revenue -35.1% year-over-year).
- 2014: Revenue of $5.2M, expenses of $6.3M, and assets of $65.9M (revenue +5.1% year-over-year).
- 2013: Revenue of $4.9M, expenses of $6.2M, and assets of $68.6M (revenue -19.3% year-over-year).
- 2012: Revenue of $6.1M, expenses of $5.5M, and assets of $71.6M (revenue -21.6% year-over-year).
- 2011: Revenue of $7.8M, expenses of $5.2M, and assets of $70.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bay And Paul Foundations Inc:
Data Sources and Methodology
This transparency report for Bay And Paul Foundations 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.