Bob Moog Memorial Foundation For Electronic Music Inc
Bob Moog Memorial Foundation shows strong asset growth and no reported officer compensation, despite a 2022 deficit.
EIN: 205849794 · Asheville, NC · NTEE: A68 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $876K |
| Total Expenses | $696K |
| Program Spending | 80% |
| Net Assets | $301K |
| Transparency Score | 85/100 |
Is Bob Moog Memorial Foundation For Electronic Music Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bob Moog Memorial Foundation For Electronic Music Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bob Moog Memorial Foundation For Electronic Music Inc
Bob Moog Memorial Foundation For Electronic Music Inc (EIN: 205849794) is a nonprofit organization based in Asheville, NC, classified under NTEE code A68. The organization reported total revenue of $876K and total assets of $664K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bob Moog Memorial Foundation For Electronic Music Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bob Moog Memorial Foundation For Electronic Music Inc is a small nonprofit that has been operating for 19 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 5.1%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $600K |
| Total Expenses | $696K |
| Surplus / Deficit | $-96,684 |
| Total Assets | $535K |
| Total Liabilities | $234K |
| Net Assets | $301K |
| Operating Margin | -16.1% |
| Debt-to-Asset Ratio | 43.8% |
| Months of Reserves | 9.2 months |
Financial Health Grade: B
In 2022, Bob Moog Memorial Foundation For Electronic Music Inc reported a deficit of $97K with expenses exceeding revenue, holds 9.2 months of operating reserves (strong position), has a debt-to-asset ratio of 43.8% (moderate leverage).
Financial Trends
Over 12 years of filings (2011–2022), Bob Moog Memorial Foundation For Electronic Music Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -25.7% | +18.2% | -20.1% |
| 2021 | +100.9% | +58.5% | +86.6% |
| 2020 | +1.4% | -19.8% | +19.2% |
| 2019 | -11.5% | +79.8% | +11.7% |
| 2018 | +115.1% | +44.5% | +345.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 2007 |
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 Bob Moog Memorial Foundation For Electronic Music 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: 80%
- fundraising: 10%
According to IRS 990 filings, Bob Moog Memorial Foundation For Electronic Music Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 $97K, with expenses exceeding revenue.
- Debt-to-asset ratio: 43.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no officers receive reportable compensation, which is a strong positive for transparency and efficient use of funds.
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 Bob Moog Memorial Foundation For Electronic Music Inc's IRS 990 filings:
- Expenses exceeded revenue in 2022 ($696,481 vs. $599,797), resulting in a deficit for that period.
Strengths
The following positive indicators were identified for Bob Moog Memorial Foundation For Electronic Music Inc:
- Consistent 0% reported officer compensation across all filings, indicating high transparency and efficient use of funds.
- Significant growth in assets from $43,465 in 2015 to $534,952 in 2022, demonstrating strong financial management and capacity building.
- Overall positive revenue growth trend over the past decade, indicating increasing support for its mission.
Frequently Asked Questions about Bob Moog Memorial Foundation For Electronic Music Inc
Is Bob Moog Memorial Foundation For Electronic Music Inc a legitimate charity?
Bob Moog Memorial Foundation For Electronic Music Inc (EIN: 205849794) is a registered tax-exempt nonprofit based in North Carolina. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $876K. 1 red flag identified. 3 strengths noted. Financial health grade: B.
How does Bob Moog Memorial Foundation For Electronic Music Inc spend its money?
Bob Moog Memorial Foundation For Electronic Music Inc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Bob Moog Memorial Foundation For Electronic Music Inc tax-deductible?
Bob Moog Memorial Foundation For Electronic Music Inc is registered as a tax-exempt nonprofit (EIN: 205849794). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Bob Moog Memorial Foundation For Electronic Music Inc's spending goes to programs?
Bob Moog Memorial Foundation For Electronic Music Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Bob Moog Memorial Foundation For Electronic Music Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Bob Moog Memorial Foundation For Electronic Music Inc is above average for NTEE category A68 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bob Moog Memorial Foundation For Electronic Music Inc located?
Bob Moog Memorial Foundation For Electronic Music Inc is headquartered in Asheville, North Carolina and files with the IRS under EIN 205849794. It is classified under NTEE code A68.
How many years of IRS 990 filings does Bob Moog Memorial Foundation For Electronic Music Inc have?
Bob Moog Memorial Foundation For Electronic Music Inc has 12 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 $876K in total revenue.
Is Bob Moog Memorial Foundation For Electronic Music Inc a good charity?
Based on the provided data, the foundation appears to be a good charity. It demonstrates strong asset growth, a commitment to transparency with 0% reported officer compensation, and a generally positive financial trajectory, though the 2022 deficit warrants further review.
How has the organization's financial health changed over time?
The organization has shown significant financial growth, with revenue increasing from $164,357 in 2015 to $599,797 in 2022, and assets growing from $43,465 to $534,952 in the same period. While there was a deficit in 2022, the overall trend is positive.
What is the trend in liabilities?
Liabilities have generally increased over time, from $30,083 in 2015 to $234,288 in 2022. While this growth accompanies asset growth, it's a factor to monitor to ensure financial stability.
Filing History
IRS 990 filing history for Bob Moog Memorial Foundation For Electronic Music Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Bob Moog Memorial Foundation For Electronic Music Inc's revenue has grown by 72.5%, moving from $348K to $600K. Total assets increased by 139.4% over the same period, from $223K to $535K. Total functional expenses rose by 299.6%, from $174K to $696K. In its most recent filing year (2022), Bob Moog Memorial Foundation For Electronic Music Inc reported a deficit of $97K, with expenses exceeding revenue. The organization holds $234K in liabilities against $535K in assets (debt-to-asset ratio: 43.8%), resulting in net assets of $301K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $600K | $696K | $535K | $234K | — | — |
| 2021 | $808K | $589K | $669K | $264K | — | View 990 |
| 2020 | $402K | $372K | $359K | $152K | — | View 990 |
| 2019 | $396K | $463K | $301K | $124K | — | View 990 |
| 2018 | $448K | $258K | $269K | $26K | — | View 990 |
| 2017 | $208K | $178K | $60K | $8K | — | View 990 |
| 2016 | $213K | $202K | $46K | $21K | — | View 990 |
| 2015 | $164K | $188K | $43K | $30K | — | View 990 |
| 2014 | $147K | $213K | $50K | $13K | — | View 990 |
| 2013 | $179K | $249K | $113K | $6K | — | View 990 |
| 2012 | $225K | $258K | $184K | $8K | — | View 990 |
| 2011 | $348K | $174K | $223K | $13K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $600K, expenses of $696K, and assets of $535K (revenue -25.7% year-over-year).
- 2021: Revenue of $808K, expenses of $589K, and assets of $669K (revenue +100.9% year-over-year).
- 2020: Revenue of $402K, expenses of $372K, and assets of $359K (revenue +1.4% year-over-year).
- 2019: Revenue of $396K, expenses of $463K, and assets of $301K (revenue -11.5% year-over-year).
- 2018: Revenue of $448K, expenses of $258K, and assets of $269K (revenue +115.1% year-over-year).
- 2017: Revenue of $208K, expenses of $178K, and assets of $60K (revenue -2.3% year-over-year).
- 2016: Revenue of $213K, expenses of $202K, and assets of $46K (revenue +29.6% year-over-year).
- 2015: Revenue of $164K, expenses of $188K, and assets of $43K (revenue +11.9% year-over-year).
- 2014: Revenue of $147K, expenses of $213K, and assets of $50K (revenue -18.0% year-over-year).
- 2013: Revenue of $179K, expenses of $249K, and assets of $113K (revenue -20.4% year-over-year).
- 2012: Revenue of $225K, expenses of $258K, and assets of $184K (revenue -35.2% year-over-year).
- 2011: Revenue of $348K, expenses of $174K, and assets of $223K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bob Moog Memorial Foundation For Electronic Music Inc:
Data Sources and Methodology
This transparency report for Bob Moog Memorial Foundation For Electronic Music 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.