Bolack Museum Foundation
EIN: 850456388 · Farmington, NM · NTEE: A50
| Metric | Value |
|---|---|
| Total Revenue | $160K |
| Total Expenses | $73K |
| Net Assets | $5.8M |
Is Bolack Museum Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Bolack Museum Foundation
Bolack Museum Foundation (EIN: 850456388) is a nonprofit organization based in Farmington, NM, classified under NTEE code A50. The organization reported total revenue of $160K and total assets of $5.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bolack Museum Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bolack Museum Foundation is a small nonprofit that has been operating for 26 years, with 11 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -7.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $77K |
| Total Expenses | $73K |
| Surplus / Deficit | +$4K |
| Total Assets | $5.8M |
| Total Liabilities | $1 |
| Net Assets | $5.8M |
| Operating Margin | 4.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 956.3 months |
Financial Health Grade: A
In 2024, Bolack Museum Foundation reported a surplus of $4K with revenue exceeding expenses, holds 956.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 11 years of filings (2012–2024), Bolack Museum Foundation's revenue has declined at a compound annual growth rate (CAGR) of -7.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +10.7% | -6.3% | +0.1% |
| 2023 | +8.7% | +8.7% | -0.1% |
| 2022 | -21.9% | +4.0% | -0.1% |
| 2021 | -5.9% | -15.1% | +0.2% |
| 2020 | -13.7% | -28.1% | +0.1% |
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 Bolack Museum 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 Bolack Museum 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $4K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Bolack Museum Foundation
Is Bolack Museum Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Bolack Museum Foundation (EIN: 850456388) insufficient data. 0 red flags identified, 0 strengths noted.
How does Bolack Museum Foundation spend its money?
Detailed spending breakdown data is not yet available for Bolack Museum Foundation. Check back for updated IRS 990 analysis.
Are donations to Bolack Museum Foundation tax-deductible?
Bolack Museum Foundation is registered as a tax-exempt nonprofit (EIN: 850456388). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Bolack Museum Foundation located?
Bolack Museum Foundation is headquartered in Farmington, New Mexico and files with the IRS under EIN 850456388. It is classified under NTEE code A50.
How many years of IRS 990 filings does Bolack Museum Foundation have?
Bolack Museum Foundation has 11 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 $160K in total revenue.
Filing History
IRS 990 filing history for Bolack Museum Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2012–2024), Bolack Museum Foundation's revenue has declined by 59.4%, moving from $189K to $77K. Total assets increased by 1.4% over the same period, from $5.7M to $5.8M. Total functional expenses fell by 63.1%, from $198K to $73K. In its most recent filing year (2024), Bolack Museum Foundation reported a surplus of $4K, with revenue exceeding expenses. The organization holds $1 in liabilities against $5.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $77K | $73K | $5.8M | $1 | — | — |
| 2023 | $69K | $78K | $5.8M | $1 | — | View 990 |
| 2022 | $64K | $72K | $5.8M | $1 | — | — |
| 2021 | $81K | $69K | $5.8M | $1 | — | — |
| 2020 | $87K | $81K | $5.8M | $0 | — | View 990 |
| 2019 | $100K | $113K | $5.8M | $0 | — | View 990 |
| 2016 | $165K | $143K | $5.8M | $0 | — | View 990 |
| 2015 | $112K | $142K | $5.8M | $0 | — | View 990 |
| 2014 | $125K | $152K | $5.8M | $0 | — | View 990 |
| 2013 | $325K | $193K | $5.9M | $0 | — | View 990 |
| 2012 | $189K | $198K | $5.7M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $77K, expenses of $73K, and assets of $5.8M (revenue +10.7% year-over-year).
- 2023: Revenue of $69K, expenses of $78K, and assets of $5.8M (revenue +8.7% year-over-year).
- 2022: Revenue of $64K, expenses of $72K, and assets of $5.8M (revenue -21.9% year-over-year).
- 2021: Revenue of $81K, expenses of $69K, and assets of $5.8M (revenue -5.9% year-over-year).
- 2020: Revenue of $87K, expenses of $81K, and assets of $5.8M (revenue -13.7% year-over-year).
- 2019: Revenue of $100K, expenses of $113K, and assets of $5.8M (revenue -39.0% year-over-year).
- 2016: Revenue of $165K, expenses of $143K, and assets of $5.8M (revenue +47.5% year-over-year).
- 2015: Revenue of $112K, expenses of $142K, and assets of $5.8M (revenue -10.4% year-over-year).
- 2014: Revenue of $125K, expenses of $152K, and assets of $5.8M (revenue -61.7% year-over-year).
- 2013: Revenue of $325K, expenses of $193K, and assets of $5.9M (revenue +72.3% year-over-year).
- 2012: Revenue of $189K, expenses of $198K, and assets of $5.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bolack Museum Foundation:
Data Sources and Methodology
This transparency report for Bolack Museum 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.