Craig And Barbara Barrett Foundation
Craig And Barbara Barrett Foundation consistently maintains positive net income with zero officer compensation.
EIN: 201539507 · Paradise Vly, AZ · NTEE: T22 · Updated: 2026-03-28
Is Craig And Barbara Barrett Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Craig And Barbara Barrett Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Craig And Barbara Barrett Foundation
Craig And Barbara Barrett Foundation (EIN: 201539507) is a nonprofit organization based in Paradise Vly, AZ, classified under NTEE code T22. The organization reported total revenue of $2.1M and total assets of $711K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Craig And Barbara Barrett Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Craig And Barbara Barrett Foundation 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Craig And Barbara Barrett Foundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of this size and revenue, suggesting a volunteer-led or very lean operational model.
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 Craig And Barbara Barrett Foundation's IRS 990 filings:
- Significant revenue volatility in certain years (e.g., $119 in 2021 vs. $3,014,510 in 2019), which could indicate reliance on a few large donors or inconsistent funding streams.
Strengths
The following positive indicators were identified for Craig And Barbara Barrett Foundation:
- Consistent positive net income in most recent years (e.g., $323,872 in 2023 and $795,886 in 2022), demonstrating financial stability.
- Zero officer compensation reported across all filings, indicating extremely low administrative overhead and a high percentage of funds likely directed to programs.
- Strong asset growth in recent periods, from $79,949 in 2021 to $1,199,707 in 2023, enhancing long-term financial security.
- Low to no reported liabilities, suggesting prudent financial management and minimal debt burden.
Frequently Asked Questions about Craig And Barbara Barrett Foundation
Is Craig And Barbara Barrett Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Craig And Barbara Barrett Foundation (EIN: 201539507) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does Craig And Barbara Barrett Foundation spend its money?
Craig And Barbara Barrett Foundation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Craig And Barbara Barrett Foundation tax-deductible?
Craig And Barbara Barrett Foundation is registered as a tax-exempt nonprofit (EIN: 201539507). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Craig And Barbara Barrett Foundation a good charity?
Based on the available financial data, the foundation appears to be a very good charity. It consistently generates more revenue than expenses, maintains a healthy asset base, and notably reports 0% officer compensation, suggesting a strong focus on program delivery and efficient use of funds.
How does the foundation manage its administrative costs?
The foundation appears to manage administrative costs exceptionally well, as evidenced by the consistent reporting of 0% officer compensation. This implies that administrative functions are either handled by volunteers, covered by other means, or are extremely minimal, allowing a greater proportion of funds to go towards its mission.
What is the trend in the foundation's assets?
The foundation's assets have fluctuated over time, reaching a high of $2,747,320 in 2019 and a low of $53,821 in 2014. However, recent years show a positive trend, increasing from $79,949 in 2021 to $1,199,707 in 2023, indicating a rebuilding and strengthening of its financial reserves.
Filing History
IRS 990 filing history for Craig And Barbara Barrett Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Craig And Barbara Barrett Foundation's revenue has declined by 19.6%, moving from $2.5M to $2.0M. Total assets increased by 161.8% over the same period, from $458K to $1.2M. Total functional expenses fell by 13.8%, from $1.9M to $1.7M. In its most recent filing year (2023), Craig And Barbara Barrett Foundation reported a surplus of $324K, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $1.7M | $1.2M | $1 | — | — |
| 2022 | $2.3M | $1.5M | $876K | $1 | — | View 990 |
| 2021 | $119 | $1.8M | $80K | $1 | — | View 990 |
| 2020 | $1K | $867K | $1.9M | $1 | — | — |
| 2019 | $3.0M | $683K | $2.7M | $0 | — | View 990 |
| 2015 | $1.8M | $1.4M | $495K | $0 | — | View 990 |
| 2014 | $68 | $1.3M | $54K | $0 | — | View 990 |
| 2013 | $995K | $923K | $1.4M | $0 | — | View 990 |
| 2012 | $2.1M | $1.2M | $1.3M | $0 | — | View 990 |
| 2011 | $2.5M | $1.9M | $458K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $1.7M, and assets of $1.2M (revenue -13.1% year-over-year).
- 2022: Revenue of $2.3M, expenses of $1.5M, and assets of $876K (revenue +1937873.9% year-over-year).
- 2021: Revenue of $119, expenses of $1.8M, and assets of $80K (revenue -90.5% year-over-year).
- 2020: Revenue of $1K, expenses of $867K, and assets of $1.9M (revenue -100.0% year-over-year).
- 2019: Revenue of $3.0M, expenses of $683K, and assets of $2.7M (revenue +63.8% year-over-year).
- 2015: Revenue of $1.8M, expenses of $1.4M, and assets of $495K (revenue +2707069.1% year-over-year).
- 2014: Revenue of $68, expenses of $1.3M, and assets of $54K (revenue -100.0% year-over-year).
- 2013: Revenue of $995K, expenses of $923K, and assets of $1.4M (revenue -52.1% year-over-year).
- 2012: Revenue of $2.1M, expenses of $1.2M, and assets of $1.3M (revenue -16.6% year-over-year).
- 2011: Revenue of $2.5M, expenses of $1.9M, and assets of $458K.
Data Sources and Methodology
This transparency report for Craig And Barbara Barrett 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.