Bernal T Chomeau Private Foundation
EIN: 376475603 · Durham, NC · NTEE: T22
| Metric | Value |
|---|---|
| Total Revenue | $376K |
| Total Expenses | $367K |
| Net Assets | $967K |
Is Bernal T Chomeau Private Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Bernal T Chomeau Private Foundation
Bernal T Chomeau Private Foundation (EIN: 376475603) is a nonprofit organization based in Durham, NC, classified under NTEE code T22. The organization reported total revenue of $376K and total assets of $967K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bernal T Chomeau Private Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bernal T Chomeau Private Foundation is a small nonprofit that has been operating for 15 years, with 9 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 17.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $273K |
| Total Expenses | $367K |
| Surplus / Deficit | $-93,717 |
| Total Assets | $967K |
| Total Liabilities | $1 |
| Net Assets | $967K |
| Operating Margin | -34.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 31.6 months |
Financial Health Grade: B
In 2024, Bernal T Chomeau Private Foundation reported a deficit of $94K with expenses exceeding revenue, holds 31.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2024), Bernal T Chomeau Private Foundation's revenue has grown at a compound annual growth rate (CAGR) of 17.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -6.1% | -21.4% | -2.3% |
| 2022 | +28.0% | +2.9% | -15.1% |
| 2021 | +190.8% | +15.2% | -16.3% |
| 2020 | +16.5% | +56.0% | -2.3% |
| 2015 | -91.4% | +17.5% | -11.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Bernal T Chomeau Private Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bernal T Chomeau Private Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $94K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Bernal T Chomeau Private Foundation
Is Bernal T Chomeau Private Foundation a legitimate charity?
Bernal T Chomeau Private Foundation (EIN: 376475603) is a registered tax-exempt nonprofit based in North Carolina. It has 9 years of IRS 990 filings on record. Total revenue: $376K. No red flags identified. Financial health grade: B.
How does Bernal T Chomeau Private Foundation spend its money?
Bernal T Chomeau Private Foundation reported $376K in total revenue in IRS 990 filings. 9 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Bernal T Chomeau Private Foundation tax-deductible?
Bernal T Chomeau Private Foundation is registered as a tax-exempt nonprofit (EIN: 376475603). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Bernal T Chomeau Private Foundation located?
Bernal T Chomeau Private Foundation is headquartered in Durham, North Carolina and files with the IRS under EIN 376475603. It is classified under NTEE code T22.
How many years of IRS 990 filings does Bernal T Chomeau Private Foundation have?
Bernal T Chomeau Private Foundation has 9 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 $376K in total revenue.
Filing History
IRS 990 filing history for Bernal T Chomeau Private Foundation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2024), Bernal T Chomeau Private Foundation's revenue has grown by 746%, moving from $32K to $273K. Total assets increased by 210.9% over the same period, from $311K to $967K. Total functional expenses rose by 3788.9%, from $9K to $367K. In its most recent filing year (2024), Bernal T Chomeau Private Foundation reported a deficit of $94K, with expenses exceeding revenue. The organization holds $1 in liabilities against $967K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $967K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $273K | $367K | $967K | $1 | — | — |
| 2022 | $291K | $467K | $989K | $1 | — | View 990 |
| 2021 | $227K | $454K | $1.2M | $1 | — | — |
| 2020 | $78K | $394K | $1.4M | $1 | — | — |
| 2015 | $67K | $252K | $1.4M | $8K | — | View 990 |
| 2014 | $777K | $215K | $1.6M | $8K | — | View 990 |
| 2013 | $616K | $324K | $1.0M | $8K | — | View 990 |
| 2012 | $65K | $96K | $747K | $0 | — | View 990 |
| 2011 | $32K | $9K | $311K | $24K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $273K, expenses of $367K, and assets of $967K (revenue -6.1% year-over-year).
- 2022: Revenue of $291K, expenses of $467K, and assets of $989K (revenue +28.0% year-over-year).
- 2021: Revenue of $227K, expenses of $454K, and assets of $1.2M (revenue +190.8% year-over-year).
- 2020: Revenue of $78K, expenses of $394K, and assets of $1.4M (revenue +16.5% year-over-year).
- 2015: Revenue of $67K, expenses of $252K, and assets of $1.4M (revenue -91.4% year-over-year).
- 2014: Revenue of $777K, expenses of $215K, and assets of $1.6M (revenue +26.1% year-over-year).
- 2013: Revenue of $616K, expenses of $324K, and assets of $1.0M (revenue +853.2% year-over-year).
- 2012: Revenue of $65K, expenses of $96K, and assets of $747K (revenue +100.1% year-over-year).
- 2011: Revenue of $32K, expenses of $9K, and assets of $311K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bernal T Chomeau Private Foundation:
Data Sources and Methodology
This transparency report for Bernal T Chomeau Private 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.