Carrier&Bryant Dist Educ Foundation In Memory Of Willis Carrier Inc
Carrier&Bryant Foundation shows strong asset growth and efficient operations with zero executive compensation.
EIN: 161153992 · Indianapolis, IN · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $230K |
| Total Expenses | $38K |
| Program Spending | 90% |
| Net Assets | $637K |
| Transparency Score | 92/100 |
Is Carrier&Bryant Dist Educ Foundation In Memory Of Willis Carrier Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Carrier&Bryant Dist Educ Foundation In Memory Of Willis Carrier Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Carrier&Bryant Dist Educ Foundation In Memory Of Willis Carrier Inc
Carrier&Bryant Dist Educ Foundation In Memory Of Willis Carrier Inc (EIN: 161153992) is a nonprofit organization based in Indianapolis, IN. The organization reported total revenue of $230K and total assets of $808K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Carrier&Bryant Dist Educ Foundation In Memory Of Willis Carrier Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Carrier&Bryant Dist Educ Foundation In Memory Of Willis Carrier Inc is a small nonprofit that has been operating for 45 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 36.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $228K |
| Total Expenses | $38K |
| Surplus / Deficit | +$190K |
| Total Assets | $637K |
| Total Liabilities | $1 |
| Net Assets | $637K |
| Operating Margin | 83.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 203.4 months |
Financial Health Grade: A
In 2023, Carrier&Bryant Dist Educ Foundation In Memory Of Willis Carrier Inc reported a surplus of $190K with revenue exceeding expenses, holds 203.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Carrier&Bryant Dist Educ Foundation In Memory Of Willis Carrier Inc's revenue has grown at a compound annual growth rate (CAGR) of 36.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +29.7% | -21.0% | +42.6% |
| 2022 | +2.6% | -4.7% | +40.2% |
| 2021 | +276.4% | +5.1% | +61.4% |
| 2020 | -45.7% | -8.7% | -1.0% |
| 2019 | +99.3% | +18.3% | +5.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1981 |
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 Carrier&Bryant Dist Educ Foundation In Memory Of Willis Carrier Inc with a Mission Score of 92 out of 100 (Excellent). 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: 90%
- fundraising: 0%
According to IRS 990 filings, Carrier&Bryant Dist Educ Foundation In Memory Of Willis Carrier Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $190K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable and maximizes resources for its 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 Carrier&Bryant Dist Educ Foundation In Memory Of Willis Carrier Inc's IRS 990 filings:
- NTEE code is unknown, which slightly hinders understanding of specific programmatic focus.
Strengths
The following positive indicators were identified for Carrier&Bryant Dist Educ Foundation In Memory Of Willis Carrier Inc:
- Consistent asset growth, from $193,814 in 2011 to $808,416 currently.
- Strong revenue growth, from $5,342 in 2011 to $230,000 in the latest period.
- Extremely low expenses relative to revenue, indicating high efficiency (e.g., $37,600 expenses on $228,000 revenue in 2023).
- Zero reported officer compensation across all filings, demonstrating volunteer leadership and maximizing mission-related spending.
- Minimal liabilities ($0 or $1) consistently reported, indicating strong financial stability.
Frequently Asked Questions about Carrier&Bryant Dist Educ Foundation In Memory Of Willis Carrier Inc
Is Carrier&Bryant Dist Educ Foundation In Memory Of Willis Carrier Inc a legitimate charity?
Carrier&Bryant Dist Educ Foundation In Memory Of Willis Carrier Inc (EIN: 161153992) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 92/100. It has 10 years of IRS 990 filings on record. Total revenue: $230K. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Carrier&Bryant Dist Educ Foundation In Memory Of Willis Carrier Inc spend its money?
Carrier&Bryant Dist Educ Foundation In Memory Of Willis Carrier Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Carrier&Bryant Dist Educ Foundation In Memory Of Willis Carrier Inc tax-deductible?
Carrier&Bryant Dist Educ Foundation In Memory Of Willis Carrier Inc is registered as a tax-exempt nonprofit (EIN: 161153992). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Carrier&Bryant Dist Educ Foundation In Memory Of Willis Carrier Inc located?
Carrier&Bryant Dist Educ Foundation In Memory Of Willis Carrier Inc is headquartered in Indianapolis, Indiana and files with the IRS under EIN 161153992.
How many years of IRS 990 filings does Carrier&Bryant Dist Educ Foundation In Memory Of Willis Carrier Inc have?
Carrier&Bryant Dist Educ Foundation In Memory Of Willis Carrier Inc has 10 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 $230K in total revenue.
Is Carrier&Bryant Dist Educ Foundation In Memory Of Willis Carrier Inc a good charity?
Based on the provided financial data, the Carrier&Bryant Dist Educ Foundation appears to be a very good charity. It demonstrates strong financial health with growing assets ($808,416), excellent spending efficiency (e.g., $37,600 expenses on $228,000 revenue in 2023), and zero executive compensation, ensuring funds are directed towards its mission.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved over time. Assets have grown from $193,814 in 2011 to $808,416 currently, and revenue has surged from $5,342 in 2011 to $230,000 in the latest period, indicating robust growth and stability.
What is the organization's approach to executive compensation?
The organization has a highly commendable approach to executive compensation, reporting 0% officer compensation across all ten available filings. This suggests a volunteer-led model, which is a strong indicator of dedication to its mission and efficient use of funds.
Filing History
IRS 990 filing history for Carrier&Bryant Dist Educ Foundation In Memory Of Willis Carrier Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Carrier&Bryant Dist Educ Foundation In Memory Of Willis Carrier Inc's revenue has grown by 4168.1%, moving from $5K to $228K. Total assets increased by 228.9% over the same period, from $194K to $637K. Total functional expenses fell by 10%, from $42K to $38K. In its most recent filing year (2023), Carrier&Bryant Dist Educ Foundation In Memory Of Willis Carrier Inc reported a surplus of $190K, with revenue exceeding expenses. The organization holds $1 in liabilities against $637K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $637K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $228K | $38K | $637K | $1 | — | View 990 |
| 2022 | $176K | $48K | $447K | $1 | — | View 990 |
| 2021 | $171K | $50K | $319K | $1 | — | View 990 |
| 2020 | $46K | $48K | $197K | $1 | — | View 990 |
| 2019 | $84K | $52K | $199K | $1 | — | View 990 |
| 2015 | $42K | $44K | $189K | $1 | — | View 990 |
| 2014 | $81K | $43K | $191K | $1 | — | View 990 |
| 2013 | $18K | $43K | $153K | $1 | — | View 990 |
| 2012 | $26K | $42K | $178K | $0 | — | View 990 |
| 2011 | $5K | $42K | $194K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $228K, expenses of $38K, and assets of $637K (revenue +29.7% year-over-year).
- 2022: Revenue of $176K, expenses of $48K, and assets of $447K (revenue +2.6% year-over-year).
- 2021: Revenue of $171K, expenses of $50K, and assets of $319K (revenue +276.4% year-over-year).
- 2020: Revenue of $46K, expenses of $48K, and assets of $197K (revenue -45.7% year-over-year).
- 2019: Revenue of $84K, expenses of $52K, and assets of $199K (revenue +99.3% year-over-year).
- 2015: Revenue of $42K, expenses of $44K, and assets of $189K (revenue -48.0% year-over-year).
- 2014: Revenue of $81K, expenses of $43K, and assets of $191K (revenue +361.2% year-over-year).
- 2013: Revenue of $18K, expenses of $43K, and assets of $153K (revenue -33.5% year-over-year).
- 2012: Revenue of $26K, expenses of $42K, and assets of $178K (revenue +392.8% year-over-year).
- 2011: Revenue of $5K, expenses of $42K, and assets of $194K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Carrier&Bryant Dist Educ Foundation In Memory Of Willis Carrier Inc:
Data Sources and Methodology
This transparency report for Carrier&Bryant Dist Educ Foundation In Memory Of Willis Carrier 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.