Bill Edwards Foundation For The Arts Inc
Bill Edwards Foundation For The Arts consistently reports zero officer compensation amidst fluctuating multi-million dollar revenues.
EIN: 200198707 · St Petersburg, FL · NTEE: A60 · Updated: 2026-03-28
Is Bill Edwards Foundation For The Arts Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bill Edwards Foundation For The Arts Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bill Edwards Foundation For The Arts Inc
Bill Edwards Foundation For The Arts Inc (EIN: 200198707) is a nonprofit organization based in St Petersburg, FL, classified under NTEE code A60. The organization reported total revenue of $4.3M and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bill Edwards Foundation For The Arts Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bill Edwards Foundation For The Arts Inc is a mid-size nonprofit that has been operating for 3 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 12.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.7M |
| Total Expenses | $4.6M |
| Surplus / Deficit | +$85K |
| Total Assets | $1.5M |
| Total Liabilities | $395K |
| Net Assets | $1.1M |
| Operating Margin | 1.8% |
| Debt-to-Asset Ratio | 26.3% |
| Months of Reserves | 3.9 months |
Financial Health Grade: A
In 2023, Bill Edwards Foundation For The Arts Inc reported a surplus of $85K with revenue exceeding expenses, holds 3.9 months of operating reserves (adequate), has a debt-to-asset ratio of 26.3% (moderate leverage).
Financial Trends
Over 11 years of filings (2013–2023), Bill Edwards Foundation For The Arts Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +75.0% | +69.6% | +8.0% |
| 2022 | +573.8% | +530.5% | +3.9% |
| 2021 | -89.8% | -89.1% | -9.6% |
| 2020 | -39.6% | -33.9% | +12.2% |
| 2019 | +46.6% | +17.1% | +11.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2023 |
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 Edwards Foundation For The Arts Inc with a Mission Score of 85 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: 85%
- fundraising: 5%
According to IRS 990 filings, Bill Edwards Foundation For The Arts Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. 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 $85K, with revenue exceeding expenses.
- Debt-to-asset ratio: 26.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to officers, which is highly commendable for a nonprofit of this size with multi-million dollar revenues.
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 Edwards Foundation For The Arts Inc:
- Consistent 0% officer compensation across all filings, indicating strong financial stewardship.
- Healthy asset growth, reaching $1,504,707 in 202306.
- Significant and generally stable multi-million dollar revenue streams.
- Expenses closely track revenue, suggesting efficient operational management.
Frequently Asked Questions about Bill Edwards Foundation For The Arts Inc
Is Bill Edwards Foundation For The Arts Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Bill Edwards Foundation For The Arts Inc (EIN: 200198707) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does Bill Edwards Foundation For The Arts Inc spend its money?
Bill Edwards Foundation For The Arts Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bill Edwards Foundation For The Arts Inc tax-deductible?
Bill Edwards Foundation For The Arts Inc is registered as a tax-exempt nonprofit (EIN: 200198707). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Bill Edwards Foundation For The Arts Inc a good charity?
Based on the available IRS 990 data, the Bill Edwards Foundation For The Arts Inc appears to be a financially sound organization. Its consistent reporting of 0% officer compensation is a significant positive indicator of its commitment to its mission and efficient use of funds. Revenue and assets have shown healthy trends over time.
How does the organization manage executive compensation?
The organization manages executive compensation by reporting 0% officer compensation in all available filings, meaning no salaries or other forms of compensation are paid to its officers.
What is the trend in the organization's assets?
The organization's assets have generally shown an upward trend, increasing from $1,183,650 in 201806 to $1,504,707 in 202306, indicating financial growth and stability.
Has the organization experienced significant deficits?
While there have been years where expenses slightly exceeded revenue (e.g., 202206 with $2,703,944 revenue vs. $2,740,276 expenses, and 201806 with $4,439,638 revenue vs. $5,133,631 expenses), these have not led to a sustained decline in assets, suggesting effective financial management over time.
Filing History
IRS 990 filing history for Bill Edwards Foundation For The Arts Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Bill Edwards Foundation For The Arts Inc's revenue has grown by 231.4%, moving from $1.4M to $4.7M. Total assets increased by 23.3% over the same period, from $1.2M to $1.5M. Total functional expenses rose by 1615%, from $271K to $4.6M. In its most recent filing year (2023), Bill Edwards Foundation For The Arts Inc reported a surplus of $85K, with revenue exceeding expenses. The organization holds $395K in liabilities against $1.5M in assets (debt-to-asset ratio: 26.3%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.7M | $4.6M | $1.5M | $395K | — | View 990 |
| 2022 | $2.7M | $2.7M | $1.4M | $369K | — | — |
| 2021 | $401K | $435K | $1.3M | $280K | — | — |
| 2020 | $3.9M | $4.0M | $1.5M | $389K | — | — |
| 2019 | $6.5M | $6.0M | $1.3M | $185K | — | View 990 |
| 2018 | $4.4M | $5.1M | $1.2M | $542K | — | View 990 |
| 2017 | $3.4M | $4.1M | $1.5M | $137K | — | View 990 |
| 2016 | $3.5M | $3.8M | $2.0M | $36K | — | View 990 |
| 2015 | $5.4M | $4.6M | $2.3M | $34K | — | View 990 |
| 2014 | $3.7M | $3.3M | $1.6M | $29K | — | View 990 |
| 2013 | $1.4M | $271K | $1.2M | $44K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.7M, expenses of $4.6M, and assets of $1.5M (revenue +75.0% year-over-year).
- 2022: Revenue of $2.7M, expenses of $2.7M, and assets of $1.4M (revenue +573.8% year-over-year).
- 2021: Revenue of $401K, expenses of $435K, and assets of $1.3M (revenue -89.8% year-over-year).
- 2020: Revenue of $3.9M, expenses of $4.0M, and assets of $1.5M (revenue -39.6% year-over-year).
- 2019: Revenue of $6.5M, expenses of $6.0M, and assets of $1.3M (revenue +46.6% year-over-year).
- 2018: Revenue of $4.4M, expenses of $5.1M, and assets of $1.2M (revenue +28.8% year-over-year).
- 2017: Revenue of $3.4M, expenses of $4.1M, and assets of $1.5M (revenue -1.6% year-over-year).
- 2016: Revenue of $3.5M, expenses of $3.8M, and assets of $2.0M (revenue -34.8% year-over-year).
- 2015: Revenue of $5.4M, expenses of $4.6M, and assets of $2.3M (revenue +47.1% year-over-year).
- 2014: Revenue of $3.7M, expenses of $3.3M, and assets of $1.6M (revenue +155.8% year-over-year).
- 2013: Revenue of $1.4M, expenses of $271K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bill Edwards Foundation For The Arts Inc:
Data Sources and Methodology
This transparency report for Bill Edwards Foundation For The Arts Inc 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.