Bonnie L Korlick Private Charitable Foundation
Bonnie L Korlick Private Charitable Foundation shows highly volatile revenue but consistent 0% officer compensation.
EIN: 205949020 · Las Cruces, NM · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.1M |
| Total Expenses | $183K |
| Program Spending | 80% |
| Net Assets | $2.3M |
| Transparency Score | 75/100 |
Is Bonnie L Korlick Private Charitable Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bonnie L Korlick Private Charitable Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bonnie L Korlick Private Charitable Foundation
Bonnie L Korlick Private Charitable Foundation (EIN: 205949020) is a nonprofit organization based in Las Cruces, NM, classified under NTEE code T22. The organization reported total revenue of $3.1M and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bonnie L Korlick Private Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bonnie L Korlick Private Charitable Foundation is a mid-size nonprofit that has been operating for 19 years, with 6 years of IRS 990 filings on record (2011–2019). Revenue has grown at a compound annual rate of 337.6%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $134K |
| Total Expenses | $183K |
| Surplus / Deficit | $-48,599 |
| Total Assets | $2.3M |
| Total Liabilities | $1 |
| Net Assets | $2.3M |
| Operating Margin | -36.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 147.6 months |
Financial Health Grade: B
In 2019, Bonnie L Korlick Private Charitable Foundation reported a deficit of $49K with expenses exceeding revenue, holds 147.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 6 years of filings (2011–2019), Bonnie L Korlick Private Charitable Foundation's revenue has grown at a compound annual growth rate (CAGR) of 337.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | -103.6% | +184.1% | -7.8% |
| 2014 | +234474800.0% | — | +231075100.0% |
| 2013 | +0.0% | — | +0.0% |
| 2012 | +0.0% | — | +0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Bonnie L Korlick Private Charitable Foundation with a Mission Score of 75 out of 100 (Good). 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, Bonnie L Korlick Private Charitable Foundation 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 (2019)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $49K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, which is excellent and indicates that no officers are drawing salaries from the foundation, aligning well with its charitable purpose.
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 Bonnie L Korlick Private Charitable Foundation's IRS 990 filings:
- Highly volatile revenue history, including negative revenue in 2015.
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data.
Strengths
The following positive indicators were identified for Bonnie L Korlick Private Charitable Foundation:
- Consistent 0% officer compensation across all filings.
- Substantial latest revenue of $3,078,854 and assets of $2,250,444.
- Stable asset base over recent years.
Frequently Asked Questions about Bonnie L Korlick Private Charitable Foundation
Is Bonnie L Korlick Private Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Bonnie L Korlick Private Charitable Foundation (EIN: 205949020) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Bonnie L Korlick Private Charitable Foundation spend its money?
Bonnie L Korlick Private Charitable Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bonnie L Korlick Private Charitable Foundation tax-deductible?
Bonnie L Korlick Private Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 205949020). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Bonnie L Korlick Private Charitable Foundation's spending goes to programs?
Bonnie L Korlick Private Charitable Foundation directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Bonnie L Korlick Private Charitable Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Bonnie L Korlick Private Charitable Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bonnie L Korlick Private Charitable Foundation located?
Bonnie L Korlick Private Charitable Foundation is headquartered in Las Cruces, New Mexico and files with the IRS under EIN 205949020. It is classified under NTEE code T22.
How many years of IRS 990 filings does Bonnie L Korlick Private Charitable Foundation have?
Bonnie L Korlick Private Charitable Foundation has 6 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 $3.1M in total revenue.
What caused the significant revenue fluctuations, such as $-83,696 in 2015 and $2,344,749 in 2014?
The provided data does not specify the reasons for these fluctuations, but they could be due to investment gains/losses, large one-time donations, or specific grant cycles typical for private foundations.
How does the foundation allocate its expenses between program services, administration, and fundraising?
The provided IRS 990 data does not include a detailed breakdown of expenses into program, administrative, and fundraising categories, making it difficult to assess spending efficiency.
What are the specific programs or grants the foundation supports?
The NTEE code T22 indicates 'Private Grantmaking Foundations', but the provided financial data does not detail the specific recipients or types of programs funded.
Filing History
IRS 990 filing history for Bonnie L Korlick Private Charitable Foundation showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2019), Bonnie L Korlick Private Charitable Foundation's revenue has grown by 13437500%, moving from $1 to $134K. Total assets increased by 225044300% over the same period, from $1 to $2.3M. In its most recent filing year (2019), Bonnie L Korlick Private Charitable Foundation reported a deficit of $49K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $134K | $183K | $2.3M | $1 | — | — |
| 2015 | $-83,696 | $97K | $2.1M | $1 | — | View 990 |
| 2014 | $2.3M | $34K | $2.3M | $0 | — | View 990 |
| 2013 | $1 | $0 | $1 | $0 | — | View 990 |
| 2012 | $1 | $0 | $1 | $0 | — | View 990 |
| 2011 | $1 | $0 | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $134K, expenses of $183K, and assets of $2.3M.
- 2015: Revenue of $-83,696, expenses of $97K, and assets of $2.1M (revenue -103.6% year-over-year).
- 2014: Revenue of $2.3M, expenses of $34K, and assets of $2.3M (revenue +234474800.0% year-over-year).
- 2013: Revenue of $1, expenses of $0, and assets of $1 (revenue +0.0% year-over-year).
- 2012: Revenue of $1, expenses of $0, and assets of $1 (revenue +0.0% year-over-year).
- 2011: Revenue of $1, expenses of $0, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bonnie L Korlick Private Charitable Foundation:
Data Sources and Methodology
This transparency report for Bonnie L Korlick Private Charitable 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.