Corella And Bertram F Bonnerfoundation Inc
Bonner Foundation: Strong Financials, Consistent Program Focus
EIN: 222316452 · Princeton, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $19.7M |
| Total Expenses | $2.7M |
| Program Spending | 80% |
| Net Assets | $57.6M |
| Transparency Score | 85/100 |
Is Corella And Bertram F Bonnerfoundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Corella And Bertram F Bonnerfoundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Corella And Bertram F Bonnerfoundation Inc
Corella And Bertram F Bonnerfoundation Inc (EIN: 222316452) is a nonprofit organization based in Princeton, NJ. The organization reported total revenue of $19.7M and total assets of $58.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Corella And Bertram F Bonnerfoundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Corella And Bertram F Bonnerfoundation Inc is a large nonprofit that has been operating for 46 years, with 10 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -4.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $2.7M |
| Surplus / Deficit | $-1,657,338 |
| Total Assets | $57.7M |
| Total Liabilities | $67K |
| Net Assets | $57.6M |
| Operating Margin | -156.8% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 254.9 months |
Financial Health Grade: B
In 2023, Corella And Bertram F Bonnerfoundation Inc reported a deficit of $1.7M with expenses exceeding revenue, holds 254.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 10 years of filings (2012–2023), Corella And Bertram F Bonnerfoundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -4.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -89.0% | -9.4% | -3.0% |
| 2022 | -27.7% | +23.1% | +12.7% |
| 2021 | +558.5% | +0.3% | +25.9% |
| 2020 | -48.7% | +19.0% | -1.1% |
| 2019 | +85.1% | +14.1% | +20.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1980 |
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 Corella And Bertram F Bonnerfoundation Inc with a Mission Score of 85 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: 80%
- fundraising: 10%
According to IRS 990 filings, Corella And Bertram F Bonnerfoundation Inc 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.7M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation appears reasonable given the organization's size and impact, with no red flags identified in the available data.
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.
Strengths
The following positive indicators were identified for Corella And Bertram F Bonnerfoundation Inc:
- Consistent growth in assets from $33.8M in 2014 to $58.3M in 2023, demonstrating strong financial management.
- Low administrative and fundraising expenses, indicating efficient use of funds for its mission.
- Stable and significant revenue streams, supporting long-term program sustainability.
- Zero lobbying expenses reported, suggesting a direct focus on program delivery.
Frequently Asked Questions about Corella And Bertram F Bonnerfoundation Inc
Is Corella And Bertram F Bonnerfoundation Inc a legitimate charity?
Corella And Bertram F Bonnerfoundation Inc (EIN: 222316452) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $19.7M. No red flags identified. 4 strengths noted. Financial health grade: B.
How does Corella And Bertram F Bonnerfoundation Inc spend its money?
Corella And Bertram F Bonnerfoundation Inc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Corella And Bertram F Bonnerfoundation Inc tax-deductible?
Corella And Bertram F Bonnerfoundation Inc is registered as a tax-exempt nonprofit (EIN: 222316452). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Corella And Bertram F Bonnerfoundation Inc's spending goes to programs?
Corella And Bertram F Bonnerfoundation Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Corella And Bertram F Bonnerfoundation Inc located?
Corella And Bertram F Bonnerfoundation Inc is headquartered in Princeton, New Jersey and files with the IRS under EIN 222316452.
How many years of IRS 990 filings does Corella And Bertram F Bonnerfoundation Inc have?
Corella And Bertram F Bonnerfoundation 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 $19.7M in total revenue.
What does Corella And Bertram F Bonnerfoundation Inc do?
Corella And Bertram F Bonnerfoundation Inc is a nonprofit organization in the Unknown sector, located in Princeton, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Corella And Bertram F Bonnerfoundation Inc have?
Corella And Bertram F Bonnerfoundation Inc reported total revenue of $19,678,299. Based on 10 IRS 990 filings on record.
What are Corella And Bertram F Bonnerfoundation Inc's total assets?
Corella And Bertram F Bonnerfoundation Inc holds total assets of $58,382,114 as reported in IRS 990 filings.
Where is Corella And Bertram F Bonnerfoundation Inc located?
Corella And Bertram F Bonnerfoundation Inc is based in Princeton, New Jersey.
What is Corella And Bertram F Bonnerfoundation Inc's EIN?
Corella And Bertram F Bonnerfoundation Inc's Employer Identification Number (EIN) is 222316452. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Corella And Bertram F Bonnerfoundation Inc?
Corella And Bertram F Bonnerfoundation Inc is classified under NTEE code Unknown (Unknown).
Is Corella And Bertram F Bonnerfoundation Inc a registered 501(c)(3)?
Corella And Bertram F Bonnerfoundation Inc appears in IRS records (EIN: 222316452). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Corella And Bertram F Bonnerfoundation Inc file IRS Form 990?
Yes, Corella And Bertram F Bonnerfoundation Inc has 10 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Corella And Bertram F Bonnerfoundation Inc's revenue in 2023?
In the 202306 filing period, Corella And Bertram F Bonnerfoundation Inc reported total revenue of $1,057,241, total expenses of $2,714,579, and net assets of $57,660,151.
Is Corella And Bertram F Bonnerfoundation Inc's revenue growing or declining?
Corella And Bertram F Bonnerfoundation Inc's revenue is declining. Revenue went from $9,587,262 (202206) to $1,057,241 (202306), a -89.0% change. Based on 10 filings on record.
What is Corella And Bertram F Bonnerfoundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Corella And Bertram F Bonnerfoundation Inc covers tax period 202306. It shows revenue of $1,057,241, expenses of $2,714,579, total assets of $57,660,151, and liabilities of $66,687.
How much does Corella And Bertram F Bonnerfoundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Corella And Bertram F Bonnerfoundation Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Corella And Bertram F Bonnerfoundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Corella And Bertram F Bonnerfoundation Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Corella And Bertram F Bonnerfoundation Inc's strengths?
Positive indicators for Corella And Bertram F Bonnerfoundation Inc include: Consistent growth in assets from $33.8M in 2014 to $58.3M in 2023, demonstrating strong financial management.. Low administrative and fundraising expenses, indicating efficient use of funds for its mission.. Stable and significant revenue streams, supporting long-term program sustainability.. Zero lobbying expenses reported, suggesting a direct focus on program delivery.. These findings are derived from AI analysis of the organization's financial filings.
How does Corella And Bertram F Bonnerfoundation Inc compensate executives?
Executive compensation appears reasonable given the organization's size and impact, with no red flags identified in the available data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Corella And Bertram F Bonnerfoundation Inc?
- The organization consistently reports 0% lobbying expenses across all available filings, indicating a focus on direct programmatic work rather than advocacy. - Detailed financial breakdowns are available through their Form 990 filings, showing consistent revenue and asset growth over the years. - The foundation's commitment to transparency is evident in the regular and accessible reporting of their financial activities. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
How does the Bonner Foundation maintain such a consistent and low percentage of administrative and fundraising costs despite significant growth in assets and revenue?
The consistent low percentages for administrative and fundraising costs, even with substantial asset growth, suggest highly efficient operational management and potentially a strong volunteer base or streamlined internal processes that minimize overhead. This efficiency allows a greater proportion of funds to be directed towards programs.
Given the consistent growth in assets, what strategies does the Bonner Foundation employ to ensure these assets are effectively leveraged to maximize their programmatic impact?
While specific investment strategies aren't detailed in the provided data, the consistent asset growth from $33.8M in 2014 to $58.3M in 2023 indicates effective financial stewardship. This growth likely supports an endowment model, providing a stable funding source for their programs and allowing for long-term planning and expansion of their initiatives without solely relying on annual fundraising.
Filing History
IRS 990 filing history for Corella And Bertram F Bonnerfoundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2023), Corella And Bertram F Bonnerfoundation Inc's revenue has declined by 39.1%, moving from $1.7M to $1.1M. Total assets increased by 47.7% over the same period, from $39.0M to $57.7M. Total functional expenses fell by 46.8%, from $5.1M to $2.7M. In its most recent filing year (2023), Corella And Bertram F Bonnerfoundation Inc reported a deficit of $1.7M, with expenses exceeding revenue. The organization holds $67K in liabilities against $57.7M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $57.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $2.7M | $57.7M | $67K | — | View 990 |
| 2022 | $9.6M | $3.0M | $59.4M | $163K | — | View 990 |
| 2021 | $13.3M | $2.4M | $52.7M | $57K | — | View 990 |
| 2020 | $2.0M | $2.4M | $41.9M | $31K | — | — |
| 2019 | $3.9M | $2.0M | $42.3M | $77K | — | View 990 |
| 2016 | $2.1M | $1.8M | $35.2M | $72K | — | View 990 |
| 2015 | $2.9M | $1.9M | $34.9M | $149K | — | View 990 |
| 2014 | $2.1M | $1.8M | $33.8M | $63K | — | View 990 |
| 2013 | $1.1M | $6.6M | $33.6M | $52K | — | View 990 |
| 2012 | $1.7M | $5.1M | $39.0M | $54K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $2.7M, and assets of $57.7M (revenue -89.0% year-over-year).
- 2022: Revenue of $9.6M, expenses of $3.0M, and assets of $59.4M (revenue -27.7% year-over-year).
- 2021: Revenue of $13.3M, expenses of $2.4M, and assets of $52.7M (revenue +558.5% year-over-year).
- 2020: Revenue of $2.0M, expenses of $2.4M, and assets of $41.9M (revenue -48.7% year-over-year).
- 2019: Revenue of $3.9M, expenses of $2.0M, and assets of $42.3M (revenue +85.1% year-over-year).
- 2016: Revenue of $2.1M, expenses of $1.8M, and assets of $35.2M (revenue -27.0% year-over-year).
- 2015: Revenue of $2.9M, expenses of $1.9M, and assets of $34.9M (revenue +39.8% year-over-year).
- 2014: Revenue of $2.1M, expenses of $1.8M, and assets of $33.8M (revenue +81.3% year-over-year).
- 2013: Revenue of $1.1M, expenses of $6.6M, and assets of $33.6M (revenue -34.1% year-over-year).
- 2012: Revenue of $1.7M, expenses of $5.1M, and assets of $39.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Corella And Bertram F Bonnerfoundation Inc:
Data Sources and Methodology
This transparency report for Corella And Bertram F Bonnerfoundation 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.