Bobb Family Foundation
Bobb Family Foundation maintains over $1 million in assets with zero officer compensation reported.
EIN: 202568634 · Brentwood, TN · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $65K |
| Total Expenses | $195K |
| Program Spending | 90% |
| Net Assets | $1.2M |
| Transparency Score | 85/100 |
Is Bobb Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bobb Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bobb Family Foundation
Bobb Family Foundation (EIN: 202568634) is a nonprofit organization based in Brentwood, TN, classified under NTEE code T20. The organization reported total revenue of $65K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bobb Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bobb Family Foundation is a micro nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $184K |
| Total Expenses | $195K |
| Surplus / Deficit | $-11,302 |
| Total Assets | $1.2M |
| Total Liabilities | $1 |
| Net Assets | $1.2M |
| Operating Margin | -6.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 71.5 months |
Financial Health Grade: B
In 2023, Bobb Family Foundation reported a deficit of $11K with expenses exceeding revenue, holds 71.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Bobb Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.7% | +4.3% | -1.0% |
| 2022 | +33.7% | +22.3% | +0.3% |
| 2021 | +1.6% | +15.9% | -0.9% |
| 2020 | -16.9% | -18.0% | +0.7% |
| 2019 | +39.9% | +251.9% | +31.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Bobb Family Foundation 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: 90%
- fundraising: 0%
According to IRS 990 filings, Bobb Family Foundation 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $11K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Bobb Family Foundation consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through other means not classified as officer compensation, which is highly favorable for minimizing administrative overhead.
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 Bobb Family Foundation's IRS 990 filings:
- Lack of detailed expense breakdown (program vs. admin) in provided data prevents precise efficiency analysis.
Strengths
The following positive indicators were identified for Bobb Family Foundation:
- Strong asset base exceeding $1 million ($1,163,371 in 2023).
- Consistent reporting of 0% officer compensation, indicating low administrative overhead.
- Long history of IRS 990 filings (10 filings), demonstrating transparency.
- Minimal liabilities ($1 in recent years), indicating a low-risk financial position.
- Consistent asset growth over more than a decade.
Frequently Asked Questions about Bobb Family Foundation
Is Bobb Family Foundation a legitimate charity?
Bobb Family Foundation (EIN: 202568634) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $65K. 1 red flag identified. 5 strengths noted. Financial health grade: B.
How does Bobb Family Foundation spend its money?
Bobb Family Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Bobb Family Foundation tax-deductible?
Bobb Family Foundation is registered as a tax-exempt nonprofit (EIN: 202568634). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Bobb Family Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Bobb Family Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bobb Family Foundation located?
Bobb Family Foundation is headquartered in Brentwood, Tennessee and files with the IRS under EIN 202568634. It is classified under NTEE code T20.
How many years of IRS 990 filings does Bobb Family Foundation have?
Bobb Family Foundation has 10 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 $65K in total revenue.
Is the Bobb Family Foundation financially stable?
Yes, the foundation appears financially stable, consistently holding over $1 million in assets, reaching $1,163,371 in 2023, and reporting minimal liabilities ($1 in recent years).
Does the Bobb Family Foundation pay its officers?
Based on the IRS 990 filings, the Bobb Family Foundation consistently reports 0% officer compensation, suggesting that its officers are not paid or are compensated through other non-officer compensation means.
Has the Bobb Family Foundation grown its assets over time?
Yes, the foundation has shown consistent asset growth, increasing from $643,958 in 2011 to $1,163,371 in 2023.
Filing History
IRS 990 filing history for Bobb Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Bobb Family Foundation's revenue has grown by 51.9%, moving from $121K to $184K. Total assets increased by 80.7% over the same period, from $644K to $1.2M. Total functional expenses rose by 226.2%, from $60K to $195K. In its most recent filing year (2023), Bobb Family Foundation reported a deficit of $11K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $184K | $195K | $1.2M | $1 | — | View 990 |
| 2022 | $191K | $187K | $1.2M | $1 | — | View 990 |
| 2021 | $143K | $153K | $1.2M | $1 | — | — |
| 2020 | $141K | $132K | $1.2M | $1 | — | View 990 |
| 2019 | $169K | $161K | $1.2M | $1 | — | View 990 |
| 2015 | $121K | $46K | $894K | $0 | — | View 990 |
| 2014 | $119K | $52K | $819K | $0 | — | View 990 |
| 2013 | $124K | $73K | $751K | $0 | — | View 990 |
| 2012 | $121K | $65K | $700K | $0 | — | View 990 |
| 2011 | $121K | $60K | $644K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $184K, expenses of $195K, and assets of $1.2M (revenue -3.7% year-over-year).
- 2022: Revenue of $191K, expenses of $187K, and assets of $1.2M (revenue +33.7% year-over-year).
- 2021: Revenue of $143K, expenses of $153K, and assets of $1.2M (revenue +1.6% year-over-year).
- 2020: Revenue of $141K, expenses of $132K, and assets of $1.2M (revenue -16.9% year-over-year).
- 2019: Revenue of $169K, expenses of $161K, and assets of $1.2M (revenue +39.9% year-over-year).
- 2015: Revenue of $121K, expenses of $46K, and assets of $894K (revenue +1.3% year-over-year).
- 2014: Revenue of $119K, expenses of $52K, and assets of $819K (revenue -3.4% year-over-year).
- 2013: Revenue of $124K, expenses of $73K, and assets of $751K (revenue +2.0% year-over-year).
- 2012: Revenue of $121K, expenses of $65K, and assets of $700K (revenue +0.1% year-over-year).
- 2011: Revenue of $121K, expenses of $60K, and assets of $644K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bobb Family Foundation:
Data Sources and Methodology
This transparency report for Bobb Family 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.