Braewold Fund

Braewold Fund shows fluctuating revenues and expenses, with consistent zero officer compensation and growing assets.

EIN: 137196658 · Sheridan, MT · NTEE: T22 · Updated: 2026-03-28

$2.8MRevenue

$5.8MAssets

75/100Mission Score (Good)

T22

About Braewold Fund

Braewold Fund (EIN: 137196658) is a nonprofit organization based in Sheridan, MT, classified under NTEE code T22. The organization reported total revenue of $2.8M and total assets of $5.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Braewold Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Braewold Fund exhibits inconsistent financial performance over the past decade, with significant fluctuations in revenue and expenses. For instance, in 2023, the organization reported revenue of $149,768 against expenses of $315,046, indicating a deficit. This trend of expenses exceeding revenue is also visible in 2022 ($99,494 revenue vs. $513,209 expenses) and 2019 ($219,469 revenue vs. $326,205 expenses). However, there were periods of substantial surplus, such as 2015 where revenue was $2,449,087 against expenses of $177,843. The organization consistently reports minimal liabilities ($1 across all filings), suggesting a healthy balance sheet in terms of debt, with assets growing from $493,698 in 2011 to $4,936,832 in 2023.

Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to definitively assess. However, the consistent reporting of 0% officer compensation across all filings suggests a lean operational structure at the executive level, which is a positive indicator for donor funds being directed towards the mission rather than high salaries. The significant swings in revenue and expenses, particularly the periods of high expenses relative to revenue, warrant further investigation into the nature of these expenditures and their alignment with program delivery.

Transparency appears to be adequate through the consistent filing of IRS Form 990s. The lack of officer compensation is a notable point, indicating that the organization's leadership may be volunteer-based or compensated through other means not classified as officer compensation, which could be a strength in terms of directing funds to programs. However, the NTEE code T22 (Private Grantmaking Foundations) suggests its primary activity is grantmaking, and the financial data should be viewed through that lens, where expenses might primarily be grants rather than direct program delivery costs.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Braewold Fund 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: 85%
fundraising: 5%

According to IRS 990 filings, Braewold Fund allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that officers are either uncompensated or compensated through non-officer means, which is highly favorable for directing funds to the organization's mission.

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 Braewold Fund's IRS 990 filings:

Inconsistent revenue streams with significant year-to-year fluctuations
Periods of substantial operating deficits where expenses significantly exceed revenue (e.g., 2023, 2022, 2019)
Lack of detailed functional expense breakdown in provided data to assess program efficiency accurately

Strengths

The following positive indicators were identified for Braewold Fund:

Consistent 0% officer compensation, indicating efficient use of funds at the executive level
Minimal liabilities ($1 across all filings), suggesting strong financial solvency regarding debt
Significant growth in assets over the decade, from $493,698 in 2011 to $4,936,832 in 2023
Consistent filing of IRS Form 990s, demonstrating transparency in reporting

Frequently Asked Questions about Braewold Fund

Why does Braewold Fund experience such significant fluctuations in annual revenue and expenses?

The financial data shows large swings, for example, revenue dropped from $2,449,087 in 2015 to $219,469 in 2019, and expenses varied from $40,728 in 2012 to $513,209 in 2022. Understanding the underlying activities or funding cycles causing these variations is crucial.

What constitutes the primary expenses for Braewold Fund, given its NTEE code T22 (Private Grantmaking Foundations)?

As a grantmaking foundation, a significant portion of expenses should ideally be grants paid out. Without a detailed functional expense breakdown, it's unclear how much of the reported expenses, such as $513,209 in 2022, directly went to grants versus operational costs.

How does Braewold Fund manage to operate with 0% officer compensation?

The consistent reporting of zero officer compensation suggests either a fully volunteer leadership or compensation structured in a way not reported in this category. Clarification on this structure would provide insight into operational sustainability and efficiency.

What is the strategy behind the periods where expenses significantly exceed revenue, such as in 2023 ($149,768 revenue vs. $315,046 expenses)?

Operating at a deficit for multiple periods could indicate reliance on prior year surpluses or asset drawdowns. Understanding the financial planning and sustainability strategy during these periods is important.

Filing History

IRS 990 filing history for Braewold Fund showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Braewold Fund's revenue has grown by 4481.5%, moving from $3K to $150K. Total assets increased by 900% over the same period, from $494K to $4.9M. Total functional expenses rose by 660.9%, from $41K to $315K. In its most recent filing year (2023), Braewold Fund reported a deficit of $165K, with expenses exceeding revenue. The organization holds $1 in liabilities against $4.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.9M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$150K	$315K	$4.9M	$1	—	—
2022	$99K	$513K	$5.2M	$1	—	View 990
2021	$883K	$532K	$5.4M	$1	—	View 990
2020	$559K	$386K	$5.0M	$1	—	—
2019	$219K	$326K	$4.9M	$1	—	—
2015	$2.4M	$178K	$4.5M	$1	—	View 990
2014	$878K	$139K	$2.2M	$1	—	View 990
2013	$1.1M	$165K	$1.5M	$1	—	View 990
2012	$98K	$41K	$551K	$1	—	View 990
2011	$3K	$41K	$494K	$1	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $150K, expenses of $315K, and assets of $4.9M (revenue +50.5% year-over-year).
2022: Revenue of $99K, expenses of $513K, and assets of $5.2M (revenue -88.7% year-over-year).
2021: Revenue of $883K, expenses of $532K, and assets of $5.4M (revenue +57.9% year-over-year).
2020: Revenue of $559K, expenses of $386K, and assets of $5.0M (revenue +154.8% year-over-year).
2019: Revenue of $219K, expenses of $326K, and assets of $4.9M (revenue -91.0% year-over-year).
2015: Revenue of $2.4M, expenses of $178K, and assets of $4.5M (revenue +179.0% year-over-year).
2014: Revenue of $878K, expenses of $139K, and assets of $2.2M (revenue -18.6% year-over-year).
2013: Revenue of $1.1M, expenses of $165K, and assets of $1.5M (revenue +995.7% year-over-year).
2012: Revenue of $98K, expenses of $41K, and assets of $551K (revenue +2910.2% year-over-year).
2011: Revenue of $3K, expenses of $41K, and assets of $494K.

Data Sources and Methodology

This transparency report for Braewold Fund 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.