Bernard Family Foundation
Bernard Family Foundation consistently spends more than it earns, drawing down assets despite zero officer compensation.
EIN: 203850421 · Chevy Chase, MD · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.6M |
| Total Expenses | $328K |
| Program Spending | 75% |
| CEO/Top Officer Pay | $4 |
| Net Assets | $4.7M |
| Transparency Score | 70/100 |
Is Bernard Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bernard Family Foundation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bernard Family Foundation
Bernard Family Foundation (EIN: 203850421) is a nonprofit organization based in Chevy Chase, MD, classified under NTEE code T20. The organization reported total revenue of $2.6M and total assets of $4.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bernard Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bernard Family Foundation is a mid-size nonprofit that has been operating for 20 years, with 11 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -3.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $162K |
| Total Expenses | $328K |
| Surplus / Deficit | $-165,981 |
| Total Assets | $4.7M |
| Total Liabilities | $1 |
| Net Assets | $4.7M |
| Operating Margin | -102.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 172.5 months |
Financial Health Grade: B
In 2023, Bernard Family Foundation reported a deficit of $166K with expenses exceeding revenue, holds 172.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 11 years of filings (2010–2023), Bernard Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +191.2% | -20.2% | -3.4% |
| 2022 | -90.8% | -11.2% | -6.7% |
| 2021 | +471.4% | -1.8% | +3.8% |
| 2019 | -101.9% | +31.4% | +15.1% |
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 Bernard Family Foundation with a Mission Score of 70 out of 100 (Good). 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: 75%
- fundraising: 10%
According to IRS 990 filings, Bernard Family Foundation allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 deficit of $166K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are not directly compensated from the foundation's funds, which is highly favorable for an organization of its size with assets over $4 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.
Red Flags
The following concerns were identified during AI analysis of Bernard Family Foundation's IRS 990 filings:
- Consistent deficit spending in recent years (e.g., $161,981 revenue vs. $327,962 expenses in 2023).
- Declining asset base from $5.4 million in 2019 to $4.7 million in 2023, likely due to spending exceeding revenue.
Strengths
The following positive indicators were identified for Bernard Family Foundation:
- Zero reported officer compensation across all filings, indicating efficient use of funds.
- Consistent filing of IRS Form 990s, demonstrating transparency and compliance.
- Stable and substantial asset base (over $4 million) providing financial security despite recent deficits.
- Minimal liabilities ($1 across all periods) indicating strong financial management of debt.
Frequently Asked Questions about Bernard Family Foundation
Is Bernard Family Foundation a legitimate charity?
Bernard Family Foundation (EIN: 203850421) is a registered tax-exempt nonprofit based in Maryland. Our AI analysis gives it a Mission Score of 70/100. It has 11 years of IRS 990 filings on record. Total revenue: $2.6M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Bernard Family Foundation spend its money?
Bernard Family Foundation directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Bernard Family Foundation tax-deductible?
Bernard Family Foundation is registered as a tax-exempt nonprofit (EIN: 203850421). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Bernard Family Foundation CEO make?
Bernard Family Foundation's highest-compensated officer earns $4 annually. The organization reported $2.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Bernard Family Foundation's spending goes to programs?
Bernard Family Foundation directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Bernard Family Foundation compare to similar nonprofits?
With a transparency score of 70/100 (Good), Bernard Family 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 Bernard Family Foundation located?
Bernard Family Foundation is headquartered in Chevy Chase, Maryland and files with the IRS under EIN 203850421. It is classified under NTEE code T20.
How many years of IRS 990 filings does Bernard Family Foundation have?
Bernard Family Foundation has 11 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 $2.6M in total revenue.
Is the Bernard Family Foundation financially sustainable given its recent spending trends?
The foundation has consistently spent more than its revenue in recent years (e.g., $327,962 expenses vs. $161,981 revenue in 2023), leading to a draw-down of assets. While its substantial asset base ($4.7 million in 2023) provides a buffer, this trend is not sustainable indefinitely without increased revenue or reduced expenses.
How does the Bernard Family Foundation fund its operations without officer compensation?
The 0% officer compensation suggests that leadership may be volunteer-based or compensated through other entities, allowing more funds to be directed towards the foundation's mission or other operational costs.
What is the primary source of the Bernard Family Foundation's revenue?
The filings show fluctuating revenue, with a high of $1,282,148 in 2015 and a low of $-24,884 in 2019. Without more detailed schedules from the 990, it's difficult to pinpoint the exact primary source, but such fluctuations often indicate reliance on investment income or large, infrequent donations.
Filing History
IRS 990 filing history for Bernard Family Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2010–2023), Bernard Family Foundation's revenue has declined by 34.8%, moving from $248K to $162K. Total assets increased by 16.4% over the same period, from $4.1M to $4.7M. Total functional expenses rose by 41.2%, from $232K to $328K. In its most recent filing year (2023), Bernard Family Foundation reported a deficit of $166K, with expenses exceeding revenue. The organization holds $1 in liabilities against $4.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $162K | $328K | $4.7M | $1 | — | View 990 |
| 2022 | $56K | $411K | $4.9M | $1 | — | View 990 |
| 2021 | $601K | $463K | $5.2M | $1 | — | View 990 |
| 2020 | $105K | $471K | $5.0M | $1 | — | — |
| 2019 | $-24,884 | $361K | $5.5M | $1 | — | View 990 |
| 2015 | $1.3M | $275K | $4.7M | $1 | — | View 990 |
| 2014 | $303K | $270K | $4.1M | $1 | — | View 990 |
| 2013 | $241K | $229K | $4.0M | $1 | — | View 990 |
| 2012 | $258K | $217K | $4.0M | $1 | — | View 990 |
| 2011 | $190K | $226K | $3.9M | $1 | — | View 990 |
| 2010 | $248K | $232K | $4.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $162K, expenses of $328K, and assets of $4.7M (revenue +191.2% year-over-year).
- 2022: Revenue of $56K, expenses of $411K, and assets of $4.9M (revenue -90.8% year-over-year).
- 2021: Revenue of $601K, expenses of $463K, and assets of $5.2M (revenue +471.4% year-over-year).
- 2020: Revenue of $105K, expenses of $471K, and assets of $5.0M.
- 2019: Revenue of $-24,884, expenses of $361K, and assets of $5.5M (revenue -101.9% year-over-year).
- 2015: Revenue of $1.3M, expenses of $275K, and assets of $4.7M (revenue +323.3% year-over-year).
- 2014: Revenue of $303K, expenses of $270K, and assets of $4.1M (revenue +25.9% year-over-year).
- 2013: Revenue of $241K, expenses of $229K, and assets of $4.0M (revenue -6.7% year-over-year).
- 2012: Revenue of $258K, expenses of $217K, and assets of $4.0M (revenue +35.7% year-over-year).
- 2011: Revenue of $190K, expenses of $226K, and assets of $3.9M (revenue -23.5% year-over-year).
- 2010: Revenue of $248K, expenses of $232K, and assets of $4.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bernard Family Foundation:
Data Sources and Methodology
This transparency report for Bernard Family 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.