Bennack Polan Foundation
Bennack Polan Foundation maintains stable assets and zero executive compensation amidst fluctuating revenues.
EIN: 203981786 · New Canaan, CT · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $190K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $3.3M |
| Transparency Score | 90/100 |
Is Bennack Polan Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bennack Polan Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bennack Polan Foundation
Bennack Polan Foundation (EIN: 203981786) is a nonprofit organization based in New Canaan, CT, classified under NTEE code T20. The organization reported total revenue of $1.3M and total assets of $3.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bennack Polan Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bennack Polan Foundation is a mid-size nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 18.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $211K |
| Total Expenses | $190K |
| Surplus / Deficit | +$21K |
| Total Assets | $3.3M |
| Total Liabilities | $1 |
| Net Assets | $3.3M |
| Operating Margin | 9.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 206.3 months |
Financial Health Grade: A
In 2023, Bennack Polan Foundation reported a surplus of $21K with revenue exceeding expenses, holds 206.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Bennack Polan Foundation's revenue has grown at a compound annual growth rate (CAGR) of 18.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +51.1% | +54.1% | +1.7% |
| 2022 | -55.2% | -55.4% | +-0.0% |
| 2021 | +63.5% | -51.1% | -1.7% |
| 2020 | -30.3% | +593.2% | -3.9% |
| 2019 | -81.9% | -63.0% | -12.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Bennack Polan Foundation with a Mission Score of 90 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: 15%
- programs: 85%
- fundraising: 0%
According to IRS 990 filings, Bennack Polan Foundation allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. With 85% 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 $21K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Bennack Polan Foundation consistently reports 0% officer compensation across all available filings, indicating a highly efficient and likely volunteer-led executive structure, which is commendable for an organization with assets over $3 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 Bennack Polan Foundation:
- Consistent zero executive compensation, indicating high efficiency and dedication.
- Strong and stable asset base, consistently over $3 million in recent years, providing long-term financial security.
- Low to zero liabilities across all reported periods, reflecting sound financial management.
- Consistent filing of IRS Form 990s over a decade, demonstrating transparency and compliance.
Frequently Asked Questions about Bennack Polan Foundation
Is Bennack Polan Foundation a legitimate charity?
Bennack Polan Foundation (EIN: 203981786) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 90/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.3M. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Bennack Polan Foundation spend its money?
Bennack Polan Foundation directs 85% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Bennack Polan Foundation tax-deductible?
Bennack Polan Foundation is registered as a tax-exempt nonprofit (EIN: 203981786). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Bennack Polan Foundation CEO make?
Bennack Polan Foundation's highest-compensated officer earns $3 annually. The organization reported $1.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Bennack Polan Foundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Bennack Polan Foundation 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 Bennack Polan Foundation located?
Bennack Polan Foundation is headquartered in New Canaan, Connecticut and files with the IRS under EIN 203981786. It is classified under NTEE code T20.
How many years of IRS 990 filings does Bennack Polan Foundation have?
Bennack Polan Foundation 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 $1.3M in total revenue.
Is Bennack Polan Foundation a good charity?
Based on the provided data, the Bennack Polan Foundation appears to be a well-managed entity. It maintains a strong asset base (over $3 million), consistently reports zero executive compensation, and has a history of regular IRS 990 filings, all indicating financial health and transparency. Its NTEE code suggests it's a grantmaking foundation, which typically means its 'program' spending is grants to other organizations.
How does Bennack Polan Foundation manage its executive compensation?
The Bennack Polan Foundation consistently reports 0% officer compensation across all ten available IRS 990 filings, including the latest in 2023. This indicates that its leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is a strong positive for financial efficiency.
What is the financial trend of Bennack Polan Foundation's assets?
The foundation's assets have generally been stable and robust, fluctuating around the $3 million to $3.8 million mark in recent years. For example, assets were $3,269,941 in 2023, $3,214,694 in 2022, and peaked at $3,872,737 in 2015, demonstrating long-term financial stability.
Filing History
IRS 990 filing history for Bennack Polan Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Bennack Polan Foundation's revenue has grown by 671.9%, moving from $27K to $211K. Total assets increased by 70.3% over the same period, from $1.9M to $3.3M. Total functional expenses rose by 72.2%, from $110K to $190K. In its most recent filing year (2023), Bennack Polan Foundation reported a surplus of $21K, with revenue exceeding expenses. The organization holds $1 in liabilities against $3.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $211K | $190K | $3.3M | $1 | — | View 990 |
| 2022 | $140K | $123K | $3.2M | $1 | — | View 990 |
| 2021 | $312K | $277K | $3.2M | $13K | — | — |
| 2020 | $191K | $565K | $3.3M | $0 | — | View 990 |
| 2019 | $274K | $82K | $3.4M | $1 | — | View 990 |
| 2015 | $1.5M | $220K | $3.9M | $0 | — | View 990 |
| 2014 | $655K | $118K | $2.6M | $0 | — | View 990 |
| 2013 | $296K | $127K | $2.0M | $0 | — | View 990 |
| 2012 | $60K | $102K | $1.9M | $0 | — | View 990 |
| 2011 | $27K | $110K | $1.9M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $211K, expenses of $190K, and assets of $3.3M (revenue +51.1% year-over-year).
- 2022: Revenue of $140K, expenses of $123K, and assets of $3.2M (revenue -55.2% year-over-year).
- 2021: Revenue of $312K, expenses of $277K, and assets of $3.2M (revenue +63.5% year-over-year).
- 2020: Revenue of $191K, expenses of $565K, and assets of $3.3M (revenue -30.3% year-over-year).
- 2019: Revenue of $274K, expenses of $82K, and assets of $3.4M (revenue -81.9% year-over-year).
- 2015: Revenue of $1.5M, expenses of $220K, and assets of $3.9M (revenue +130.7% year-over-year).
- 2014: Revenue of $655K, expenses of $118K, and assets of $2.6M (revenue +121.2% year-over-year).
- 2013: Revenue of $296K, expenses of $127K, and assets of $2.0M (revenue +394.0% year-over-year).
- 2012: Revenue of $60K, expenses of $102K, and assets of $1.9M (revenue +119.0% year-over-year).
- 2011: Revenue of $27K, expenses of $110K, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bennack Polan Foundation:
Data Sources and Methodology
This transparency report for Bennack Polan Foundation 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.