Beads For Education Inc A Non Profit Corporation
Beads For Education Inc consistently grows assets with zero reported officer compensation.
EIN: 201212609 · Brookfield, CT · NTEE: B82 · Updated: 2026-03-28
Is Beads For Education Inc A Non Profit Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Beads For Education Inc A Non Profit Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Beads For Education Inc A Non Profit Corporation
Beads For Education Inc A Non Profit Corporation (EIN: 201212609) is a nonprofit organization based in Brookfield, CT, classified under NTEE code B82. The organization reported total revenue of $365K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Beads For Education Inc A Non Profit Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Beads For Education Inc A Non Profit Corporation is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $535K |
| Total Expenses | $310K |
| Surplus / Deficit | +$224K |
| Total Assets | $1.1M |
| Total Liabilities | $13K |
| Net Assets | $1.0M |
| Operating Margin | 42.0% |
| Debt-to-Asset Ratio | 1.3% |
| Months of Reserves | 40.6 months |
Financial Health Grade: A
In 2023, Beads For Education Inc A Non Profit Corporation reported a surplus of $224K with revenue exceeding expenses, holds 40.6 months of operating reserves (strong position), has a debt-to-asset ratio of 1.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Beads For Education Inc A Non Profit Corporation's revenue has declined at a compound annual growth rate (CAGR) of -0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.4% | -20.9% | +27.3% |
| 2022 | +55.1% | +8.2% | +17.6% |
| 2021 | +5.0% | +13.0% | -4.4% |
| 2020 | -19.7% | -14.8% | -1.8% |
| 2019 | +9.0% | -0.2% | +3.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| 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 Beads For Education Inc A Non Profit Corporation with a Mission Score of 92 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Beads For Education Inc A Non Profit Corporation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 surplus of $224K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly unusual for an organization with over $1 million in assets.
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 Beads For Education Inc A Non Profit Corporation's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data, requiring further investigation of 990 forms for full clarity.
Strengths
The following positive indicators were identified for Beads For Education Inc A Non Profit Corporation:
- Consistent asset growth, reaching over $1 million in 2023 ($1,050,208).
- Zero reported officer compensation across all 13 filings, indicating high efficiency.
- Strong financial health with revenues often exceeding expenses, particularly in recent years (e.g., $534,701 revenue vs. $310,373 expenses in 2023).
- Excellent transparency with 13 years of consistent IRS 990 filings.
- Low liabilities relative to assets (e.g., $13,450 liabilities vs. $1,050,208 assets in 2023).
Frequently Asked Questions about Beads For Education Inc A Non Profit Corporation
Is Beads For Education Inc A Non Profit Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Beads For Education Inc A Non Profit Corporation (EIN: 201212609) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Beads For Education Inc A Non Profit Corporation spend its money?
Beads For Education Inc A Non Profit Corporation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Beads For Education Inc A Non Profit Corporation tax-deductible?
Beads For Education Inc A Non Profit Corporation is registered as a tax-exempt nonprofit (EIN: 201212609). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Beads For Education Inc a good charity?
Based on the available financial data, Beads For Education Inc appears to be a very good charity. It consistently manages its finances well, grows its assets, and reports 0% officer compensation, suggesting a strong commitment to directing funds towards its mission.
How has the organization's asset base changed over time?
The organization's assets have shown consistent growth, increasing from $669,947 in 2015 to $1,050,208 in 2023, indicating sound financial management and accumulation of resources.
What is the trend in revenue and expenses?
Revenue has fluctuated but generally remained strong, with the latest period (2023) showing $534,701 in revenue against $310,373 in expenses, resulting in a significant surplus. While there were periods where expenses exceeded revenue (e.g., 2015, 2018), the overall trend in recent years is positive.
Filing History
IRS 990 filing history for Beads For Education Inc A Non Profit Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Beads For Education Inc A Non Profit Corporation's revenue has declined by 10.6%, moving from $598K to $535K. Total assets increased by 111.5% over the same period, from $497K to $1.1M. Total functional expenses fell by 35.9%, from $484K to $310K. In its most recent filing year (2023), Beads For Education Inc A Non Profit Corporation reported a surplus of $224K, with revenue exceeding expenses. The organization holds $13K in liabilities against $1.1M in assets (debt-to-asset ratio: 1.3%), resulting in net assets of $1.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $535K | $310K | $1.1M | $13K | — | — |
| 2022 | $512K | $393K | $825K | $13K | — | View 990 |
| 2021 | $330K | $363K | $702K | $9K | — | View 990 |
| 2020 | $314K | $321K | $734K | $8K | — | View 990 |
| 2019 | $391K | $377K | $747K | $8K | — | View 990 |
| 2018 | $359K | $378K | $725K | $0 | — | View 990 |
| 2017 | $367K | $369K | $741K | $0 | — | View 990 |
| 2016 | $499K | $449K | $754K | $16K | — | View 990 |
| 2015 | $538K | $627K | $670K | $2K | — | View 990 |
| 2014 | $567K | $447K | $733K | $901 | — | View 990 |
| 2013 | $539K | $442K | $615K | $3K | — | View 990 |
| 2012 | $532K | $521K | $516K | $20K | — | View 990 |
| 2011 | $598K | $484K | $497K | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $535K, expenses of $310K, and assets of $1.1M (revenue +4.4% year-over-year).
- 2022: Revenue of $512K, expenses of $393K, and assets of $825K (revenue +55.1% year-over-year).
- 2021: Revenue of $330K, expenses of $363K, and assets of $702K (revenue +5.0% year-over-year).
- 2020: Revenue of $314K, expenses of $321K, and assets of $734K (revenue -19.7% year-over-year).
- 2019: Revenue of $391K, expenses of $377K, and assets of $747K (revenue +9.0% year-over-year).
- 2018: Revenue of $359K, expenses of $378K, and assets of $725K (revenue -2.1% year-over-year).
- 2017: Revenue of $367K, expenses of $369K, and assets of $741K (revenue -26.5% year-over-year).
- 2016: Revenue of $499K, expenses of $449K, and assets of $754K (revenue -7.3% year-over-year).
- 2015: Revenue of $538K, expenses of $627K, and assets of $670K (revenue -5.0% year-over-year).
- 2014: Revenue of $567K, expenses of $447K, and assets of $733K (revenue +5.0% year-over-year).
- 2013: Revenue of $539K, expenses of $442K, and assets of $615K (revenue +1.4% year-over-year).
- 2012: Revenue of $532K, expenses of $521K, and assets of $516K (revenue -11.0% year-over-year).
- 2011: Revenue of $598K, expenses of $484K, and assets of $497K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Beads For Education Inc A Non Profit Corporation:
Data Sources and Methodology
This transparency report for Beads For Education Inc A Non Profit Corporation 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.