Bluegrass Industrial Foundation
EIN: 611050345 · Lexington, KY
| Metric | Value |
|---|---|
| Total Expenses | $49K |
| Net Assets | $89K |
Is Bluegrass Industrial Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Bluegrass Industrial Foundation
Bluegrass Industrial Foundation (EIN: 611050345) is a nonprofit organization based in Lexington, KY. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bluegrass Industrial Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bluegrass Industrial Foundation is a micro nonprofit, with 6 years of IRS 990 filings on record (2012–2017). Revenue has grown at a compound annual rate of -64.5%.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
| Total Revenue | $398 |
| Total Expenses | $49K |
| Surplus / Deficit | $-48,282 |
| Total Assets | $89K |
| Net Assets | $89K |
| Operating Margin | -12131.2% |
| Months of Reserves | 21.9 months |
Financial Health Grade: B
In 2017, Bluegrass Industrial Foundation reported a deficit of $48K with expenses exceeding revenue, holds 21.9 months of operating reserves (strong position).
Financial Trends
Over 6 years of filings (2012–2017), Bluegrass Industrial Foundation's revenue has declined at a compound annual growth rate (CAGR) of -64.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2017 | +14.4% | -21.7% | -35.3% |
| 2015 | -86659.5% | +328.4% | -83.2% |
| 2014 | -99.3% | -32.8% | -10.2% |
| 2013 | -9.2% | -18.8% | -4.4% |
AI Analysis Pending
AI enrichment for Bluegrass Industrial 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 Bluegrass Industrial 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 (2017)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $48K, with expenses exceeding revenue.
Frequently Asked Questions about Bluegrass Industrial Foundation
Is Bluegrass Industrial Foundation a legitimate charity?
Bluegrass Industrial Foundation (EIN: 611050345) is a registered tax-exempt nonprofit based in Kentucky. It has 6 years of IRS 990 filings on record. No red flags identified. Financial health grade: B.
How does Bluegrass Industrial Foundation spend its money?
Bluegrass Industrial Foundation reported its financials in IRS 990 filings. 6 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Bluegrass Industrial Foundation tax-deductible?
Bluegrass Industrial Foundation is registered as a tax-exempt nonprofit (EIN: 611050345). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Bluegrass Industrial Foundation located?
Bluegrass Industrial Foundation is headquartered in Lexington, Kentucky and files with the IRS under EIN 611050345.
How many years of IRS 990 filings does Bluegrass Industrial Foundation have?
Bluegrass Industrial Foundation has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for Bluegrass Industrial Foundation showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2012–2017), Bluegrass Industrial Foundation's revenue has declined by 99.4%, moving from $71K to $398. Total assets decreased by 93.6% over the same period, from $1.4M to $89K. Total functional expenses fell by 61.6%, from $127K to $49K. In its most recent filing year (2017), Bluegrass Industrial Foundation reported a deficit of $48K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2017 | $398 | $49K | $89K | $0 | — | View 990 |
| 2016 | $348 | $62K | $137K | $0 | — | View 990 |
| 2015 | $-412,889 | $296K | $199K | $0 | — | View 990 |
| 2014 | $477 | $69K | $1.2M | $275K | — | View 990 |
| 2013 | $64K | $103K | $1.3M | $339K | — | View 990 |
| 2012 | $71K | $127K | $1.4M | $358K | — | View 990 |
Year-by-Year Financial Summary
- 2017: Revenue of $398, expenses of $49K, and assets of $89K (revenue +14.4% year-over-year).
- 2016: Revenue of $348, expenses of $62K, and assets of $137K.
- 2015: Revenue of $-412,889, expenses of $296K, and assets of $199K (revenue -86659.5% year-over-year).
- 2014: Revenue of $477, expenses of $69K, and assets of $1.2M (revenue -99.3% year-over-year).
- 2013: Revenue of $64K, expenses of $103K, and assets of $1.3M (revenue -9.2% year-over-year).
- 2012: Revenue of $71K, expenses of $127K, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bluegrass Industrial Foundation:
Data Sources and Methodology
This transparency report for Bluegrass Industrial 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.