David S Bourne Foundation Inc
David S Bourne Foundation consistently accumulates assets with minimal annual expenditures and no executive compensation.
EIN: 202047629 · Madison, WI · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.3M |
| Total Expenses | $43K |
| Program Spending | 80% |
| Net Assets | $1.2M |
| Transparency Score | 85/100 |
Is David S Bourne Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
David S Bourne Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About David S Bourne Foundation Inc
David S Bourne Foundation Inc (EIN: 202047629) is a nonprofit organization based in Madison, WI, classified under NTEE code T20. The organization reported total revenue of $2.3M and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of David S Bourne Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
David S Bourne Foundation Inc is a mid-size nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 21.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $136K |
| Total Expenses | $43K |
| Surplus / Deficit | +$92K |
| Total Assets | $1.2M |
| Total Liabilities | $1 |
| Net Assets | $1.2M |
| Operating Margin | 68.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 335.7 months |
Financial Health Grade: A
In 2023, David S Bourne Foundation Inc reported a surplus of $92K with revenue exceeding expenses, holds 335.7 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), David S Bourne Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 21.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -42.5% | -14.1% | +8.3% |
| 2022 | +47.3% | -6.3% | +19.7% |
| 2021 | +24.5% | -14.6% | +12.6% |
| 2020 | +6.0% | +61.8% | +8.5% |
| 2019 | +9.9% | +45.3% | +66.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 David S Bourne Foundation 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, David S Bourne Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. 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 surplus of $92K, 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 leadership is likely volunteer-based, which is highly efficient for an organization of this size and asset base.
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 David S Bourne Foundation Inc's IRS 990 filings:
- Very low expense ratio relative to revenue, potentially indicating significant funds are being accumulated rather than immediately deployed for programmatic activities.
- Lack of detailed expense breakdown in provided data makes it difficult to fully assess programmatic spending efficiency.
Strengths
The following positive indicators were identified for David S Bourne Foundation Inc:
- Consistent asset growth, from $282,783 in 2011 to $1,296,334 currently, indicating strong financial management and stability.
- Zero officer compensation reported across all filings, demonstrating highly efficient leadership and resource allocation.
- Extremely low liabilities ($1 across all periods), reflecting sound financial health and minimal debt.
- Consistent IRS 990 filing history over a decade, indicating good regulatory compliance and transparency.
- Strong revenue generation, with latest reported revenue at $2,284,972, supporting long-term sustainability.
Frequently Asked Questions about David S Bourne Foundation Inc
Is David S Bourne Foundation Inc a legitimate charity?
David S Bourne Foundation Inc (EIN: 202047629) is a registered tax-exempt nonprofit based in Wisconsin. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $2.3M. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does David S Bourne Foundation Inc spend its money?
David S Bourne Foundation Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to David S Bourne Foundation Inc tax-deductible?
David S Bourne Foundation Inc is registered as a tax-exempt nonprofit (EIN: 202047629). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of David S Bourne Foundation Inc's spending goes to programs?
David S Bourne Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does David S Bourne Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), David S Bourne Foundation Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is David S Bourne Foundation Inc located?
David S Bourne Foundation Inc is headquartered in Madison, Wisconsin and files with the IRS under EIN 202047629. It is classified under NTEE code T20.
How many years of IRS 990 filings does David S Bourne Foundation Inc have?
David S Bourne Foundation 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 $2.3M in total revenue.
What is the primary purpose of the David S Bourne Foundation Inc, given its low annual expenditures relative to revenue?
The consistent pattern of low expenses relative to revenue and growing assets suggests the foundation primarily functions as an endowment builder or a grant-making entity that accumulates funds for future or larger-scale philanthropic initiatives, rather than directly operating programs.
How does the organization ensure its accumulated assets are eventually used for its mission?
While the filings show significant asset growth, the 990 data alone doesn't detail the specific mechanisms or timelines for deploying these accumulated assets towards its NTEE code T20 mission (Philanthropy, Voluntarism & Grantmaking Foundations). Further review of their grantmaking policies or annual reports would be necessary.
Is the David S Bourne Foundation Inc transparent about its financial operations?
Yes, the foundation demonstrates good financial transparency through consistent IRS 990 filings over a decade and clear reporting of zero officer compensation and minimal liabilities.
What is the impact of having 0% officer compensation on the organization's financial health?
Zero officer compensation significantly reduces administrative overhead, allowing a greater proportion of funds to be retained or directed towards the organization's mission, contributing to its strong asset growth and financial stability.
Filing History
IRS 990 filing history for David S Bourne Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), David S Bourne Foundation Inc's revenue has grown by 951.8%, moving from $13K to $136K. Total assets increased by 328.4% over the same period, from $283K to $1.2M. Total functional expenses rose by 230.7%, from $13K to $43K. In its most recent filing year (2023), David S Bourne Foundation Inc reported a surplus of $92K, 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 | $136K | $43K | $1.2M | $1 | — | View 990 |
| 2022 | $236K | $50K | $1.1M | $1 | — | View 990 |
| 2021 | $160K | $54K | $935K | $1 | — | View 990 |
| 2020 | $129K | $63K | $830K | $1 | — | View 990 |
| 2019 | $121K | $39K | $765K | $1 | — | View 990 |
| 2015 | $111K | $27K | $459K | $1 | — | View 990 |
| 2014 | $10K | $20K | $376K | $1 | — | View 990 |
| 2013 | $96K | $15K | $385K | $1 | — | View 990 |
| 2012 | $32K | $11K | $304K | $1 | — | View 990 |
| 2011 | $13K | $13K | $283K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $136K, expenses of $43K, and assets of $1.2M (revenue -42.5% year-over-year).
- 2022: Revenue of $236K, expenses of $50K, and assets of $1.1M (revenue +47.3% year-over-year).
- 2021: Revenue of $160K, expenses of $54K, and assets of $935K (revenue +24.5% year-over-year).
- 2020: Revenue of $129K, expenses of $63K, and assets of $830K (revenue +6.0% year-over-year).
- 2019: Revenue of $121K, expenses of $39K, and assets of $765K (revenue +9.9% year-over-year).
- 2015: Revenue of $111K, expenses of $27K, and assets of $459K (revenue +967.0% year-over-year).
- 2014: Revenue of $10K, expenses of $20K, and assets of $376K (revenue -89.3% year-over-year).
- 2013: Revenue of $96K, expenses of $15K, and assets of $385K (revenue +200.0% year-over-year).
- 2012: Revenue of $32K, expenses of $11K, and assets of $304K (revenue +149.2% year-over-year).
- 2011: Revenue of $13K, expenses of $13K, and assets of $283K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for David S Bourne Foundation Inc:
Data Sources and Methodology
This transparency report for David S Bourne 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.