Bmg Student Aid Fund Inc
EIN: 223612588 · Lakewood, NJ · NTEE: B11
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $1.5M |
| Net Assets | $442K |
Is Bmg Student Aid Fund Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Bmg Student Aid Fund Inc
Bmg Student Aid Fund Inc (EIN: 223612588) is a nonprofit organization based in Lakewood, NJ, classified under NTEE code B11. The organization reported total revenue of $1.4M and total assets of $605K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bmg Student Aid Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bmg Student Aid Fund Inc is a mid-size nonprofit that has been operating for 26 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 3.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $1.5M |
| Surplus / Deficit | $-422,447 |
| Total Assets | $442K |
| Net Assets | $442K |
| Operating Margin | -38.0% |
| Months of Reserves | 3.5 months |
Financial Health Grade: B
In 2023, Bmg Student Aid Fund Inc reported a deficit of $422K with expenses exceeding revenue, holds 3.5 months of operating reserves (adequate).
Financial Trends
Over 14 years of filings (2010–2023), Bmg Student Aid Fund Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +18.3% | +70.4% | -42.8% |
| 2022 | +13.4% | +25.0% | -16.8% |
| 2021 | +0.1% | -4.1% | +38.8% |
| 2020 | +16.9% | +16.7% | +27.9% |
| 2019 | +7.9% | -17.0% | +13.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Bmg Student Aid Fund Inc 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 Bmg Student Aid Fund Inc 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $422K, with expenses exceeding revenue.
Frequently Asked Questions about Bmg Student Aid Fund Inc
Is Bmg Student Aid Fund Inc a legitimate charity?
Bmg Student Aid Fund Inc (EIN: 223612588) is a registered tax-exempt nonprofit based in New Jersey. It has 14 years of IRS 990 filings on record. Total revenue: $1.4M. No red flags identified. Financial health grade: B.
How does Bmg Student Aid Fund Inc spend its money?
Bmg Student Aid Fund Inc reported $1.4M in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Bmg Student Aid Fund Inc tax-deductible?
Bmg Student Aid Fund Inc is registered as a tax-exempt nonprofit (EIN: 223612588). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Bmg Student Aid Fund Inc located?
Bmg Student Aid Fund Inc is headquartered in Lakewood, New Jersey and files with the IRS under EIN 223612588. It is classified under NTEE code B11.
How many years of IRS 990 filings does Bmg Student Aid Fund Inc have?
Bmg Student Aid Fund Inc has 14 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 $1.4M in total revenue.
Filing History
IRS 990 filing history for Bmg Student Aid Fund Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Bmg Student Aid Fund Inc's revenue has grown by 47.5%, moving from $754K to $1.1M. Total assets increased by 41.6% over the same period, from $312K to $442K. Total functional expenses rose by 109.1%, from $734K to $1.5M. In its most recent filing year (2023), Bmg Student Aid Fund Inc reported a deficit of $422K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $1.5M | $442K | $0 | — | — |
| 2022 | $940K | $901K | $772K | $0 | — | View 990 |
| 2021 | $829K | $721K | $928K | $0 | — | View 990 |
| 2020 | $828K | $752K | $668K | $0 | — | View 990 |
| 2019 | $708K | $645K | $523K | $0 | — | View 990 |
| 2018 | $657K | $777K | $459K | $0 | — | View 990 |
| 2017 | $0 | $0 | $0 | $0 | — | View 990 |
| 2016 | $818K | $879K | $550K | $0 | — | View 990 |
| 2015 | $910K | $826K | $610K | $0 | — | View 990 |
| 2014 | $825K | $938K | $526K | $0 | — | View 990 |
| 2013 | $785K | $789K | $639K | $0 | — | View 990 |
| 2012 | $785K | $761K | $644K | $0 | — | View 990 |
| 2011 | $1.1M | $795K | $620K | $0 | — | View 990 |
| 2010 | $754K | $734K | $312K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $1.5M, and assets of $442K (revenue +18.3% year-over-year).
- 2022: Revenue of $940K, expenses of $901K, and assets of $772K (revenue +13.4% year-over-year).
- 2021: Revenue of $829K, expenses of $721K, and assets of $928K (revenue +0.1% year-over-year).
- 2020: Revenue of $828K, expenses of $752K, and assets of $668K (revenue +16.9% year-over-year).
- 2019: Revenue of $708K, expenses of $645K, and assets of $523K (revenue +7.9% year-over-year).
- 2018: Revenue of $657K, expenses of $777K, and assets of $459K.
- 2017: Revenue of $0, expenses of $0, and assets of $0 (revenue -100.0% year-over-year).
- 2016: Revenue of $818K, expenses of $879K, and assets of $550K (revenue -10.1% year-over-year).
- 2015: Revenue of $910K, expenses of $826K, and assets of $610K (revenue +10.3% year-over-year).
- 2014: Revenue of $825K, expenses of $938K, and assets of $526K (revenue +5.1% year-over-year).
- 2013: Revenue of $785K, expenses of $789K, and assets of $639K (revenue +-0.0% year-over-year).
- 2012: Revenue of $785K, expenses of $761K, and assets of $644K (revenue -28.9% year-over-year).
- 2011: Revenue of $1.1M, expenses of $795K, and assets of $620K (revenue +46.3% year-over-year).
- 2010: Revenue of $754K, expenses of $734K, and assets of $312K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bmg Student Aid Fund Inc:
Data Sources and Methodology
This transparency report for Bmg Student Aid Fund 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.