Bello Family Foundation Inc
Bello Family Foundation Inc. operates with minimal revenue and assets, showing a significant decline in financial activity over the past decade.
EIN: 208087229 · Lexington, KY · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $965 |
| Total Expenses | $915 |
| Program Spending | 80% |
| Net Assets | $0 |
| Transparency Score | 45/100 |
Is Bello Family Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bello Family Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bello Family Foundation Inc
Bello Family Foundation Inc (EIN: 208087229) is a nonprofit organization based in Lexington, KY, classified under NTEE code T22. The organization reported total revenue of $965 and total assets of $1 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bello Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bello Family Foundation Inc is a micro nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -31.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $915 |
| Total Expenses | $915 |
| Surplus / Deficit | +$0 |
| Total Assets | $1 |
| Total Liabilities | $1 |
| Net Assets | $0 |
| Operating Margin | 0.0% |
| Debt-to-Asset Ratio | 100.0% |
| Months of Reserves | 0.0 months |
Financial Health Grade: C
In 2023, Bello Family Foundation Inc reported a surplus of $0 with revenue exceeding expenses, holds 0.0 months of operating reserves (limited), has a debt-to-asset ratio of 100.0% (high leverage).
Financial Trends
Over 10 years of filings (2011–2023), Bello Family Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -31.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +19.6% | +6.4% | +0.0% |
| 2022 | +0.0% | +1.8% | -99.9% |
| 2021 | -0.1% | +0.0% | -9.4% |
| 2020 | -16.4% | -15.1% | -8.5% |
| 2019 | -96.1% | -99.3% | -99.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Bello Family Foundation Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Bello Family Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $0, with revenue exceeding expenses.
- Debt-to-asset ratio: 100.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all filings, indicating that officers are unpaid, which is highly efficient for an organization of this size, albeit very small.
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 Bello Family Foundation Inc's IRS 990 filings:
- Dramatic decline in revenue and assets over the past decade, from tens of thousands to under $1,000 annually.
- Consistently reported assets of $1 in recent years, which is unusually low for a foundation and raises questions about its operational capacity.
- Expenses sometimes exceeding revenue in recent years (e.g., 2022: $860 expenses vs. $765 revenue), indicating a slight deficit.
Strengths
The following positive indicators were identified for Bello Family Foundation Inc:
- Consistent 0% officer compensation, indicating a volunteer-led or unpaid leadership structure.
- Low liabilities, consistently reported as $1, suggesting no significant debt burden.
- Consistent filing of IRS Form 990s, demonstrating compliance with reporting requirements.
Frequently Asked Questions about Bello Family Foundation Inc
Is Bello Family Foundation Inc a legitimate charity?
Bello Family Foundation Inc (EIN: 208087229) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 45/100. It has 10 years of IRS 990 filings on record. Total revenue: $965. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Bello Family Foundation Inc spend its money?
Bello Family Foundation Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Bello Family Foundation Inc tax-deductible?
Bello Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 208087229). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Bello Family Foundation Inc's spending goes to programs?
Bello Family Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Bello Family Foundation Inc compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Bello Family Foundation Inc is near average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bello Family Foundation Inc located?
Bello Family Foundation Inc is headquartered in Lexington, Kentucky and files with the IRS under EIN 208087229. It is classified under NTEE code T22.
How many years of IRS 990 filings does Bello Family Foundation Inc have?
Bello Family 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 $965 in total revenue.
Why have the Bello Family Foundation Inc.'s revenues and assets decreased so dramatically since 2015?
The filings show a sharp decline from revenues of $23,657 and assets of $148,158 in 2015 to revenues below $1,000 and assets of $1 in recent years. This suggests a significant change in the foundation's operational strategy or funding sources.
What is the programmatic focus of the Bello Family Foundation Inc. given its minimal financial activity?
With revenues consistently below $1,000 and assets at $1 in recent years, the foundation's capacity for significant programmatic activity is extremely limited. The filings do not provide details on specific programs, but the scale suggests very small, targeted grants or activities.
How does the Bello Family Foundation Inc. sustain operations with such low assets and revenue?
The consistent reporting of $1 in assets and revenues often matching expenses (e.g., $915 revenue and $915 expenses in 2023) suggests a pass-through model where funds are received and disbursed quickly, or that it's largely inactive beyond minimal administrative functions.
Filing History
IRS 990 filing history for Bello Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Bello Family Foundation Inc's revenue has declined by 98.8%, moving from $78K to $915. Total assets decreased by 100% over the same period, from $321K to $1. Total functional expenses fell by 96.6%, from $27K to $915. In its most recent filing year (2023), Bello Family Foundation Inc reported a surplus of $0, with revenue exceeding expenses. The organization holds $1 in liabilities against $1 in assets (debt-to-asset ratio: 100.0%), resulting in net assets of $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $915 | $915 | $1 | $1 | — | — |
| 2022 | $765 | $860 | $1 | $1 | — | View 990 |
| 2021 | $765 | $845 | $768 | $1 | — | — |
| 2020 | $766 | $845 | $848 | $1 | — | View 990 |
| 2019 | $916 | $995 | $927 | $1 | — | View 990 |
| 2015 | $24K | $144K | $148K | $1 | — | View 990 |
| 2014 | $62K | $154K | $269K | $1 | — | View 990 |
| 2013 | $42K | $26K | $360K | $1 | — | View 990 |
| 2012 | $52K | $28K | $345K | $1 | — | View 990 |
| 2011 | $78K | $27K | $321K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $915, expenses of $915, and assets of $1 (revenue +19.6% year-over-year).
- 2022: Revenue of $765, expenses of $860, and assets of $1 (revenue +0.0% year-over-year).
- 2021: Revenue of $765, expenses of $845, and assets of $768 (revenue -0.1% year-over-year).
- 2020: Revenue of $766, expenses of $845, and assets of $848 (revenue -16.4% year-over-year).
- 2019: Revenue of $916, expenses of $995, and assets of $927 (revenue -96.1% year-over-year).
- 2015: Revenue of $24K, expenses of $144K, and assets of $148K (revenue -61.8% year-over-year).
- 2014: Revenue of $62K, expenses of $154K, and assets of $269K (revenue +49.1% year-over-year).
- 2013: Revenue of $42K, expenses of $26K, and assets of $360K (revenue -20.7% year-over-year).
- 2012: Revenue of $52K, expenses of $28K, and assets of $345K (revenue -33.0% year-over-year).
- 2011: Revenue of $78K, expenses of $27K, and assets of $321K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bello Family Foundation Inc:
Data Sources and Methodology
This transparency report for Bello Family 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.