Bolivar Downtown Developmentcorporation
EIN: 260389989 · Bolivar, TN · NTEE: S30
Is Bolivar Downtown Developmentcorporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Bolivar Downtown Developmentcorporation
Bolivar Downtown Developmentcorporation (EIN: 260389989) is a nonprofit organization based in Bolivar, TN, classified under NTEE code S30. The organization reported total revenue of $1.1M and total assets of $3.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bolivar Downtown Developmentcorporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Bolivar Downtown Developmentcorporation 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 Bolivar Downtown Developmentcorporation 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.
Frequently Asked Questions about Bolivar Downtown Developmentcorporation
Is Bolivar Downtown Developmentcorporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Bolivar Downtown Developmentcorporation (EIN: 260389989) insufficient data. 0 red flags identified, 0 strengths noted.
How does Bolivar Downtown Developmentcorporation spend its money?
Detailed spending breakdown data is not yet available for Bolivar Downtown Developmentcorporation. Check back for updated IRS 990 analysis.
Are donations to Bolivar Downtown Developmentcorporation tax-deductible?
Bolivar Downtown Developmentcorporation is registered as a tax-exempt nonprofit (EIN: 260389989). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Bolivar Downtown Developmentcorporation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Bolivar Downtown Developmentcorporation's revenue has grown by 16.1%, moving from $877K to $1.0M. Total assets increased by 206.8% over the same period, from $771K to $2.4M. Total functional expenses rose by 44.5%, from $308K to $445K. In its most recent filing year (2023), Bolivar Downtown Developmentcorporation reported a surplus of $573K, with revenue exceeding expenses. The organization holds $14K in liabilities against $2.4M in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $2.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.0M | $445K | $2.4M | $14K | — | View 990 |
| 2022 | $977K | $461K | $1.8M | $85K | — | View 990 |
| 2021 | $841K | $247K | $1.8M | $554K | — | View 990 |
| 2020 | $872K | $314K | $1.8M | $1.1M | — | View 990 |
| 2019 | $975K | $335K | $1.4M | $1.3M | — | View 990 |
| 2018 | $919K | $193K | $1.1M | $1.7M | — | View 990 |
| 2017 | $845K | $273K | $876K | $2.2M | — | View 990 |
| 2016 | $778K | $238K | $869K | $2.7M | — | View 990 |
| 2015 | $753K | $244K | $882K | $3.3M | — | View 990 |
| 2014 | $742K | $306K | $882K | $3.8M | — | View 990 |
| 2013 | $926K | $210K | $739K | $4.1M | — | View 990 |
| 2012 | $877K | $308K | $771K | $4.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.0M, expenses of $445K, and assets of $2.4M (revenue +4.2% year-over-year).
- 2022: Revenue of $977K, expenses of $461K, and assets of $1.8M (revenue +16.2% year-over-year).
- 2021: Revenue of $841K, expenses of $247K, and assets of $1.8M (revenue -3.5% year-over-year).
- 2020: Revenue of $872K, expenses of $314K, and assets of $1.8M (revenue -10.5% year-over-year).
- 2019: Revenue of $975K, expenses of $335K, and assets of $1.4M (revenue +6.0% year-over-year).
- 2018: Revenue of $919K, expenses of $193K, and assets of $1.1M (revenue +8.7% year-over-year).
- 2017: Revenue of $845K, expenses of $273K, and assets of $876K (revenue +8.7% year-over-year).
- 2016: Revenue of $778K, expenses of $238K, and assets of $869K (revenue +3.4% year-over-year).
- 2015: Revenue of $753K, expenses of $244K, and assets of $882K (revenue +1.4% year-over-year).
- 2014: Revenue of $742K, expenses of $306K, and assets of $882K (revenue -19.9% year-over-year).
- 2013: Revenue of $926K, expenses of $210K, and assets of $739K (revenue +5.6% year-over-year).
- 2012: Revenue of $877K, expenses of $308K, and assets of $771K.
Data Sources and Methodology
This transparency report for Bolivar Downtown Developmentcorporation 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.