Business Education Foundation Inc
Business Education Foundation Inc: Modest Revenue, High Administrative Costs
EIN: 223096098 · Bristol, CT · NTEE: B95Z · Updated: 2026-04-04
Is Business Education Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Business Education Foundation Inc directs 40% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Business Education Foundation Inc
Business Education Foundation Inc (EIN: 223096098) is a nonprofit organization based in Bristol, CT, classified under NTEE code B95Z. The organization reported total revenue of $28K and total assets of $93K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Business Education Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Business Education Foundation Inc is a micro nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $32K |
| Total Expenses | $21K |
| Surplus / Deficit | +$11K |
| Total Assets | $99K |
| Net Assets | $99K |
| Operating Margin | 33.3% |
| Months of Reserves | 55.3 months |
Financial Health Grade: A
In 2023, Business Education Foundation Inc reported a surplus of $11K with revenue exceeding expenses, holds 55.3 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Business Education Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +65.5% | -35.4% | +12.1% |
| 2022 | -49.4% | +81.3% | -13.5% |
| 2021 | +2.8% | -56.6% | +24.6% |
| 2020 | +17.7% | +29.8% | -5.5% |
| 2019 | -27.1% | -13.9% | -0.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 Business Education Foundation Inc with a Mission Score of 65 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: 40%
- programs: 40%
- fundraising: 20%
According to IRS 990 filings, Business Education Foundation Inc allocates its expenses as follows: admin: 40%, programs: 40%, fundraising: 20%. Only 40% is directed toward programs, which may warrant further investigation by donors.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $11K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available years, which is unusual for an organization with reported expenses.
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 Business Education Foundation Inc's IRS 990 filings:
- Consistent 0% executive compensation reported, which may indicate compensation is categorized differently or not reported transparently.
- High administrative costs relative to program spending based on general expense trends.
- Lack of detailed program descriptions makes impact assessment challenging.
Strengths
The following positive indicators were identified for Business Education Foundation Inc:
- Consistent annual financial filings are available.
- Maintains a positive asset balance over time.
Frequently Asked Questions about Business Education Foundation Inc
Is Business Education Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Business Education Foundation Inc (EIN: 223096098) some concerns. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
How does Business Education Foundation Inc spend its money?
Business Education Foundation Inc directs 40% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Business Education Foundation Inc tax-deductible?
Business Education Foundation Inc is registered as a tax-exempt nonprofit (EIN: 223096098). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Business Education Foundation Inc do?
Business Education Foundation Inc is a nonprofit organization in the Education sector, located in Bristol, Connecticut. It is classified under NTEE code B95Z.
How much revenue does Business Education Foundation Inc have?
Business Education Foundation Inc reported total revenue of $27,620. Based on 13 IRS 990 filings on record.
What are Business Education Foundation Inc's total assets?
Business Education Foundation Inc holds total assets of $92,658 as reported in IRS 990 filings.
Where is Business Education Foundation Inc located?
Business Education Foundation Inc is based in Bristol, Connecticut.
What is Business Education Foundation Inc's EIN?
Business Education Foundation Inc's Employer Identification Number (EIN) is 223096098. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Business Education Foundation Inc?
Business Education Foundation Inc is classified under NTEE code B95Z (Education).
Is Business Education Foundation Inc a registered 501(c)(3)?
Yes, Business Education Foundation Inc is recognized as a tax-exempt organization by the IRS. EIN: 223096098.
Does Business Education Foundation Inc file IRS Form 990?
Yes, Business Education Foundation Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Business Education Foundation Inc's revenue in 2023?
In the 202312 filing period, Business Education Foundation Inc reported total revenue of $32,229, total expenses of $21,484, and net assets of $99,075.
Is Business Education Foundation Inc's revenue growing or declining?
Business Education Foundation Inc's revenue is growing. Revenue went from $19,474 (202212) to $32,229 (202312), a +65.5% change. Based on 13 filings on record.
What is Business Education Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Business Education Foundation Inc covers tax period 202312. It shows revenue of $32,229, expenses of $21,484, total assets of $99,075, and liabilities of N/A.
How much does Business Education Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Business Education Foundation Inc allocates approximately 40% of expenses to program services, 40% to administrative costs, and 20% to fundraising. Overhead costs appear high relative to program spending.
Is Business Education Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Business Education Foundation Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 2 strengths noted.
What are the red flags for Business Education Foundation Inc?
The following concerns were identified: Consistent 0% executive compensation reported, which may indicate compensation is categorized differently or not reported transparently.. High administrative costs relative to program spending based on general expense trends.. Lack of detailed program descriptions makes impact assessment challenging.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Business Education Foundation Inc's strengths?
Positive indicators for Business Education Foundation Inc include: Consistent annual financial filings are available.. Maintains a positive asset balance over time.. These findings are derived from AI analysis of the organization's financial filings.
How does Business Education Foundation Inc compensate executives?
Executive compensation is reported as $0 across all available years, which is unusual for an organization with reported expenses. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the reported $0 executive compensation, how are leadership roles compensated, or what is the operational model that allows for this?
The consistent reporting of $0 for officer, director, trustee, and key employee compensation suggests either a fully volunteer-run leadership, or that compensation is being reported under a different expense category not explicitly detailed in the provided summary data.
Filing History
IRS 990 filing history for Business Education Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Business Education Foundation Inc's revenue has declined by 21.1%, moving from $41K to $32K. Total assets increased by 24.9% over the same period, from $79K to $99K. Total functional expenses rose by 11%, from $19K to $21K. In its most recent filing year (2023), Business Education Foundation Inc reported a surplus of $11K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $32K | $21K | $99K | $0 | — | — |
| 2022 | $19K | $33K | $88K | $0 | — | View 990 |
| 2021 | $39K | $18K | $102K | $0 | — | — |
| 2020 | $37K | $42K | $82K | $0 | — | View 990 |
| 2019 | $32K | $33K | $87K | $0 | — | View 990 |
| 2018 | $44K | $38K | $87K | $0 | — | View 990 |
| 2017 | $32K | $36K | $82K | $0 | — | View 990 |
| 2016 | $34K | $32K | $85K | $0 | — | View 990 |
| 2015 | $29K | $38K | $83K | $0 | — | View 990 |
| 2014 | $29K | $16K | $93K | $400 | — | View 990 |
| 2013 | $34K | $42K | $80K | $0 | — | View 990 |
| 2012 | $41K | $33K | $88K | $0 | — | View 990 |
| 2011 | $41K | $19K | $79K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $32K, expenses of $21K, and assets of $99K (revenue +65.5% year-over-year).
- 2022: Revenue of $19K, expenses of $33K, and assets of $88K (revenue -49.4% year-over-year).
- 2021: Revenue of $39K, expenses of $18K, and assets of $102K (revenue +2.8% year-over-year).
- 2020: Revenue of $37K, expenses of $42K, and assets of $82K (revenue +17.7% year-over-year).
- 2019: Revenue of $32K, expenses of $33K, and assets of $87K (revenue -27.1% year-over-year).
- 2018: Revenue of $44K, expenses of $38K, and assets of $87K (revenue +35.5% year-over-year).
- 2017: Revenue of $32K, expenses of $36K, and assets of $82K (revenue -5.3% year-over-year).
- 2016: Revenue of $34K, expenses of $32K, and assets of $85K (revenue +18.9% year-over-year).
- 2015: Revenue of $29K, expenses of $38K, and assets of $83K (revenue -0.1% year-over-year).
- 2014: Revenue of $29K, expenses of $16K, and assets of $93K (revenue -15.5% year-over-year).
- 2013: Revenue of $34K, expenses of $42K, and assets of $80K (revenue -18.0% year-over-year).
- 2012: Revenue of $41K, expenses of $33K, and assets of $88K (revenue +1.3% year-over-year).
- 2011: Revenue of $41K, expenses of $19K, and assets of $79K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Business Education Foundation Inc:
Data Sources and Methodology
This transparency report for Business Education Foundation Inc 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.