Bennington Community Foundation
Bennington Community Foundation shows strong asset growth and zero officer compensation over three years.
EIN: 202906009 · Bennington, NE · NTEE: T30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $111K |
| Total Expenses | $46K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $500,000. |
| Net Assets | $521K |
| Transparency Score | 92/100 |
Is Bennington Community Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bennington Community Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bennington Community Foundation
Bennington Community Foundation (EIN: 202906009) is a nonprofit organization based in Bennington, NE, classified under NTEE code T30. The organization reported total revenue of $111K and total assets of $223K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bennington Community Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bennington Community Foundation is a small nonprofit that has been operating for 21 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of -38.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $122K |
| Total Expenses | $46K |
| Surplus / Deficit | +$76K |
| Total Assets | $524K |
| Total Liabilities | $3K |
| Net Assets | $521K |
| Operating Margin | 62.3% |
| Debt-to-Asset Ratio | 0.6% |
| Months of Reserves | 136.4 months |
Financial Health Grade: A
In 2023, Bennington Community Foundation reported a surplus of $76K with revenue exceeding expenses, holds 136.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.6% (very low leverage).
Financial Trends
Over 3 years of filings (2021–2023), Bennington Community Foundation's revenue has declined at a compound annual growth rate (CAGR) of -38.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.0% | +69.3% | +17.3% |
| 2022 | -66.9% | -73.2% | +22.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Bennington Community Foundation 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Bennington Community Foundation allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 $76K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all three filing periods, indicating a volunteer-led organization or one with no paid officers, which is highly commendable for a foundation of its size with assets exceeding $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.
Strengths
The following positive indicators were identified for Bennington Community Foundation:
- Strong asset growth: Assets increased from $364,286 in 2021 to $524,036 in 2023.
- Zero officer compensation: 0% officer compensation reported across all three filing periods (2021-2023).
- Low liabilities: Liabilities remained very low, peaking at $3,166 in 2023, indicating strong financial management.
- Efficient spending: Expenses are well below revenue, allowing for asset growth and program investment.
- Consistent financial stability: The organization has consistently maintained a healthy balance sheet over the past three years.
Frequently Asked Questions about Bennington Community Foundation
Is Bennington Community Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Bennington Community Foundation (EIN: 202906009) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Bennington Community Foundation spend its money?
Bennington Community Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bennington Community Foundation tax-deductible?
Bennington Community Foundation is registered as a tax-exempt nonprofit (EIN: 202906009). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Bennington Community Foundation CEO make?
Bennington Community Foundation's highest-compensated officer earns $500,000. annually. The organization reported $111K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Bennington Community Foundation's spending goes to programs?
Bennington Community Foundation directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Bennington Community Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Bennington Community Foundation is above average for NTEE category T30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bennington Community Foundation located?
Bennington Community Foundation is headquartered in Bennington, Nebraska and files with the IRS under EIN 202906009. It is classified under NTEE code T30.
How many years of IRS 990 filings does Bennington Community Foundation have?
Bennington Community Foundation has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $111K in total revenue.
Is Bennington Community Foundation a good charity?
Based on the available IRS 990 data, the Bennington Community Foundation appears to be a very good charity. It demonstrates strong financial health with growing assets ($524,036 in 2023), very low liabilities ($3,166 in 2023), and a remarkable 0% officer compensation, indicating efficient use of funds and a strong commitment to its mission.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved, with assets more than doubling from $223,130 (latest revenue period) to $524,036 in 2023. Liabilities have remained very low, and expenses have been well managed relative to revenue, indicating a stable and growing financial position.
What is the organization's approach to executive compensation?
The Bennington Community Foundation reports 0% officer compensation for all three years (2021-2023), suggesting a volunteer-driven leadership or a highly efficient structure where no officers receive compensation, which is a significant positive indicator of resource allocation.
Filing History
IRS 990 filing history for Bennington Community Foundation showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Bennington Community Foundation's revenue has declined by 62.5%, moving from $326K to $122K. Total assets increased by 43.9% over the same period, from $364K to $524K. Total functional expenses fell by 54.6%, from $101K to $46K. In its most recent filing year (2023), Bennington Community Foundation reported a surplus of $76K, with revenue exceeding expenses. The organization holds $3K in liabilities against $524K in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $521K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $122K | $46K | $524K | $3K | — | View 990 |
| 2022 | $108K | $27K | $447K | $2K | — | View 990 |
| 2021 | $326K | $101K | $364K | $645 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $122K, expenses of $46K, and assets of $524K (revenue +13.0% year-over-year).
- 2022: Revenue of $108K, expenses of $27K, and assets of $447K (revenue -66.9% year-over-year).
- 2021: Revenue of $326K, expenses of $101K, and assets of $364K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bennington Community Foundation:
Data Sources and Methodology
This transparency report for Bennington Community 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.