Bill Jennie And Harry Ackerman Foundation Trust
Bill Jennie And Harry Ackerman Foundation Trust consistently spends more than it earns, leading to declining assets.
EIN: 206069721 · Charleston, SC · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $295K |
| Total Expenses | $423K |
| Program Spending | 90% |
| Net Assets | $1.8M |
| Transparency Score | 65/100 |
Is Bill Jennie And Harry Ackerman Foundation Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bill Jennie And Harry Ackerman Foundation Trust directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bill Jennie And Harry Ackerman Foundation Trust
Bill Jennie And Harry Ackerman Foundation Trust (EIN: 206069721) is a nonprofit organization based in Charleston, SC, classified under NTEE code T22. The organization reported total revenue of $295K and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bill Jennie And Harry Ackerman Foundation Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bill Jennie And Harry Ackerman Foundation Trust is a small nonprofit that has been operating for 22 years, with 8 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 19.0%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $340K |
| Total Expenses | $423K |
| Surplus / Deficit | $-82,823 |
| Total Assets | $1.8M |
| Total Liabilities | $1 |
| Net Assets | $1.8M |
| Operating Margin | -24.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 50.2 months |
Financial Health Grade: B
In 2022, Bill Jennie And Harry Ackerman Foundation Trust reported a deficit of $83K with expenses exceeding revenue, holds 50.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 8 years of filings (2011–2022), Bill Jennie And Harry Ackerman Foundation Trust's revenue has grown at a compound annual growth rate (CAGR) of 19.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +9.1% | -4.9% | -4.5% |
| 2021 | +21.8% | +44.7% | -7.0% |
| 2020 | +69.4% | -8.3% | -9.2% |
| 2019 | +41.1% | +192.2% | +4.9% |
| 2014 | +82.8% | -12.9% | -0.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Jennie And Harry Ackerman Foundation Trust with a Mission Score of 65 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Bill Jennie And Harry Ackerman Foundation Trust 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $83K, 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 no salaries or other compensation are paid to officers, which is a highly efficient use of funds at the leadership level.
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 Bill Jennie And Harry Ackerman Foundation Trust's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) across multiple years, e.g., $422,704 expenses vs. $339,881 revenue in 2022.
- Declining asset base from $2,193,019 in 2019 to $1,769,975 in 2022, indicating an erosion of financial reserves.
Strengths
The following positive indicators were identified for Bill Jennie And Harry Ackerman Foundation Trust:
- Zero officer compensation reported, indicating highly efficient use of funds at the executive level.
- Minimal liabilities reported across most periods (e.g., $1 in 2022), suggesting good debt management.
- Consistent filing of IRS 990 forms, demonstrating transparency.
Frequently Asked Questions about Bill Jennie And Harry Ackerman Foundation Trust
Is Bill Jennie And Harry Ackerman Foundation Trust a legitimate charity?
Bill Jennie And Harry Ackerman Foundation Trust (EIN: 206069721) is a registered tax-exempt nonprofit based in South Carolina. Our AI analysis gives it a Mission Score of 65/100. It has 8 years of IRS 990 filings on record. Total revenue: $295K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Bill Jennie And Harry Ackerman Foundation Trust spend its money?
Bill Jennie And Harry Ackerman Foundation Trust directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Bill Jennie And Harry Ackerman Foundation Trust tax-deductible?
Bill Jennie And Harry Ackerman Foundation Trust is registered as a tax-exempt nonprofit (EIN: 206069721). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Bill Jennie And Harry Ackerman Foundation Trust compare to similar nonprofits?
With a transparency score of 65/100 (Good), Bill Jennie And Harry Ackerman Foundation Trust is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bill Jennie And Harry Ackerman Foundation Trust located?
Bill Jennie And Harry Ackerman Foundation Trust is headquartered in Charleston, South Carolina and files with the IRS under EIN 206069721. It is classified under NTEE code T22.
How many years of IRS 990 filings does Bill Jennie And Harry Ackerman Foundation Trust have?
Bill Jennie And Harry Ackerman Foundation Trust has 8 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 $295K in total revenue.
Is the Bill Jennie And Harry Ackerman Foundation Trust financially sustainable given its consistent deficit spending?
The foundation has consistently spent more than its revenue for several years (e.g., $422,704 expenses vs. $339,881 revenue in 2022), leading to a decline in assets from $2,193,019 in 2019 to $1,769,975 in 2022. This trend raises concerns about long-term financial sustainability if not addressed.
What is the primary cause of the consistent decline in assets?
The primary cause of the decline in assets appears to be the consistent pattern of expenses exceeding revenue. For example, in 2021, expenses were $444,452 while revenue was $311,396, contributing to the asset reduction.
How does the lack of officer compensation impact the organization?
The absence of officer compensation (0% reported) indicates that the organization is not expending funds on executive salaries, which can be a positive for maximizing program spending and reducing administrative overhead.
Filing History
IRS 990 filing history for Bill Jennie And Harry Ackerman Foundation Trust showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2022), Bill Jennie And Harry Ackerman Foundation Trust's revenue has grown by 577.8%, moving from $50K to $340K. Total assets decreased by 13.4% over the same period, from $2.0M to $1.8M. Total functional expenses rose by 244.6%, from $123K to $423K. In its most recent filing year (2022), Bill Jennie And Harry Ackerman Foundation Trust reported a deficit of $83K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $340K | $423K | $1.8M | $1 | — | View 990 |
| 2021 | $311K | $444K | $1.9M | $1 | — | View 990 |
| 2020 | $256K | $307K | $2.0M | $1 | — | View 990 |
| 2019 | $151K | $335K | $2.2M | $149K | — | View 990 |
| 2014 | $107K | $115K | $2.1M | $1 | — | View 990 |
| 2013 | $59K | $132K | $2.1M | $1 | — | View 990 |
| 2012 | $69K | $144K | $2.2M | $1 | — | View 990 |
| 2011 | $50K | $123K | $2.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $340K, expenses of $423K, and assets of $1.8M (revenue +9.1% year-over-year).
- 2021: Revenue of $311K, expenses of $444K, and assets of $1.9M (revenue +21.8% year-over-year).
- 2020: Revenue of $256K, expenses of $307K, and assets of $2.0M (revenue +69.4% year-over-year).
- 2019: Revenue of $151K, expenses of $335K, and assets of $2.2M (revenue +41.1% year-over-year).
- 2014: Revenue of $107K, expenses of $115K, and assets of $2.1M (revenue +82.8% year-over-year).
- 2013: Revenue of $59K, expenses of $132K, and assets of $2.1M (revenue -15.1% year-over-year).
- 2012: Revenue of $69K, expenses of $144K, and assets of $2.2M (revenue +37.5% year-over-year).
- 2011: Revenue of $50K, expenses of $123K, and assets of $2.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bill Jennie And Harry Ackerman Foundation Trust:
Data Sources and Methodology
This transparency report for Bill Jennie And Harry Ackerman Foundation Trust 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.