Bill And Carol Latimer Charitable Foundation
Bill And Carol Latimer Charitable Foundation shows consistent asset growth and no reported officer compensation across all filings.
EIN: 203450991 · Union City, TN · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $66.8M |
| Total Expenses | $8.7M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $160 |
| Net Assets | $161.0M |
| Transparency Score | 95/100 |
Search Intent Cockpit
Bill And Carol Latimer Charitable Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Bill And Carol Latimer Charitable Foundation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Bill And Carol Latimer Charitable Foundation in one place.
Form 990 Filing Summary
10 filing years are available, with latest revenue of $28.5M and expenses of $8.7M.
Revenue and Expenses
Bill And Carol Latimer Charitable Foundation reported $28.5M in revenue and $8.7M in expenses, a surplus of $19.8M.
Executive Compensation
Top officer compensation appears as $160 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
95/100 mission score, 0 red flags, and 5 strengths are shown from structured and AI review.
Is Bill And Carol Latimer Charitable Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $7.8M (90%) |
Across stored filings, Bill And Carol Latimer Charitable Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Appears Legitimate | Good filing record; no red flags identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade A | 10 stored filing years |
| Peer context | Compare with Domino's Franchisee Forum | Tennessee and Education context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
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Union City, TN nonprofitsEducation in Tennessee
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Keep the Investigation Moving
Bill And Carol Latimer Charitable Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bill And Carol Latimer Charitable Foundation
Bill And Carol Latimer Charitable Foundation (EIN: 203450991) is a nonprofit organization based in Union City, TN, classified under NTEE code B82. The organization reported total revenue of $66.8M and total assets of $177.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bill And Carol Latimer Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bill And Carol Latimer Charitable Foundation is a major 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 4.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $28.5M |
| Total Expenses | $8.7M |
| Surplus / Deficit | +$19.8M |
| Total Assets | $161.0M |
| Total Liabilities | $1 |
| Net Assets | $161.0M |
| Operating Margin | 69.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 222.5 months |
Financial Health Grade: A
In 2023, Bill And Carol Latimer Charitable Foundation reported a surplus of $19.8M with revenue exceeding expenses, holds 222.5 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), Bill And Carol Latimer Charitable Foundation's revenue has grown at a compound annual growth rate (CAGR) of 4.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.7% | +13.8% | +14.1% |
| 2022 | -14.0% | +28.3% | +8.7% |
| 2021 | +371.1% | -6.3% | +28.6% |
| 2020 | +286.2% | +25.4% | +1.0% |
| 2019 | -58.4% | +10.7% | +2.1% |
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 Bill And Carol Latimer Charitable Foundation with a Mission Score of 95 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Bill And Carol Latimer Charitable Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 $19.8M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers are either unpaid volunteers or compensated through mechanisms not categorized as officer compensation on the 990 form, which is highly efficient for an organization with assets exceeding $160 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 Bill And Carol Latimer Charitable Foundation:
- Consistent asset growth, from $124.5 million in 2011 to $161 million in 2023.
- Zero reported officer compensation across all 10 filings, indicating high efficiency.
- Extremely low liabilities (often $1), demonstrating strong financial health.
- Strong revenue generation in recent years ($28.5M in 2023, $29.9M in 2022) relative to expenses.
- Consistent filing history of 10 IRS 990 forms, indicating good transparency.
Frequently Asked Questions about Bill And Carol Latimer Charitable Foundation
Is Bill And Carol Latimer Charitable Foundation a legitimate charity?
Bill And Carol Latimer Charitable Foundation (EIN: 203450991) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 95/100. It has 10 years of IRS 990 filings on record. Total revenue: $66.8M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Bill And Carol Latimer Charitable Foundation spend its money?
Bill And Carol Latimer Charitable Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Bill And Carol Latimer Charitable Foundation tax-deductible?
Bill And Carol Latimer Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 203450991). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Bill And Carol Latimer Charitable Foundation CEO make?
Bill And Carol Latimer Charitable Foundation's highest-compensated officer earns $160 annually. The organization reported $66.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Bill And Carol Latimer Charitable Foundation compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Bill And Carol Latimer Charitable Foundation is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bill And Carol Latimer Charitable Foundation located?
Bill And Carol Latimer Charitable Foundation is headquartered in Union City, Tennessee and files with the IRS under EIN 203450991. It is classified under NTEE code B82.
How many years of IRS 990 filings does Bill And Carol Latimer Charitable Foundation have?
Bill And Carol Latimer Charitable 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 $66.8M in total revenue.
Is the Bill And Carol Latimer Charitable Foundation financially stable?
Yes, the foundation is highly financially stable, with assets growing from $124.5 million in 2011 to $161 million in 2023, and consistently reporting minimal liabilities (often $1).
How much of the foundation's funds go to executive salaries?
Based on the IRS 990 filings, 0% of the foundation's funds are reported as officer compensation across all available periods, indicating no direct executive salaries are paid or reported in this category.
What is the trend in the foundation's revenue?
Revenue has fluctuated but shows a strong upward trend in recent years, with $28.5 million in 2023 and $29.9 million in 2022, significantly higher than earlier periods like $1.9 million in 2019.
Does the foundation have significant debt?
No, the foundation consistently reports extremely low liabilities, often just $1, indicating virtually no debt.
Filing History
IRS 990 filing history for Bill And Carol Latimer Charitable Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Bill And Carol Latimer Charitable Foundation's revenue has grown by 74.5%, moving from $16.4M to $28.5M. Total assets increased by 29.3% over the same period, from $124.6M to $161.0M. Total functional expenses rose by 44.7%, from $6.0M to $8.7M. In its most recent filing year (2023), Bill And Carol Latimer Charitable Foundation reported a surplus of $19.8M, with revenue exceeding expenses. The organization holds $1 in liabilities against $161.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $161.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $28.5M | $8.7M | $161.0M | $1 | — | — |
| 2022 | $29.9M | $7.6M | $141.2M | $1 | — | View 990 |
| 2021 | $34.8M | $5.9M | $129.8M | $1 | — | View 990 |
| 2020 | $7.4M | $6.3M | $101.0M | $1 | — | View 990 |
| 2019 | $1.9M | $5.1M | $99.9M | $1 | — | — |
| 2015 | $4.6M | $4.6M | $97.8M | $1 | — | View 990 |
| 2014 | $10.9M | $13.8M | $97.8M | $1 | — | View 990 |
| 2013 | $-75,173 | $15.4M | $100.7M | $1 | — | View 990 |
| 2012 | $7.8M | $11.9M | $116.2M | $1 | — | View 990 |
| 2011 | $16.4M | $6.0M | $124.6M | $4.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $28.5M, expenses of $8.7M, and assets of $161.0M (revenue -4.7% year-over-year).
- 2022: Revenue of $29.9M, expenses of $7.6M, and assets of $141.2M (revenue -14.0% year-over-year).
- 2021: Revenue of $34.8M, expenses of $5.9M, and assets of $129.8M (revenue +371.1% year-over-year).
- 2020: Revenue of $7.4M, expenses of $6.3M, and assets of $101.0M (revenue +286.2% year-over-year).
- 2019: Revenue of $1.9M, expenses of $5.1M, and assets of $99.9M (revenue -58.4% year-over-year).
- 2015: Revenue of $4.6M, expenses of $4.6M, and assets of $97.8M (revenue -57.7% year-over-year).
- 2014: Revenue of $10.9M, expenses of $13.8M, and assets of $97.8M.
- 2013: Revenue of $-75,173, expenses of $15.4M, and assets of $100.7M (revenue -101.0% year-over-year).
- 2012: Revenue of $7.8M, expenses of $11.9M, and assets of $116.2M (revenue -52.3% year-over-year).
- 2011: Revenue of $16.4M, expenses of $6.0M, and assets of $124.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bill And Carol Latimer Charitable Foundation:
Data Sources and Methodology
This transparency report for Bill And Carol Latimer Charitable 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.