Francis M Barnes Memorial Tr
Francis M Barnes Memorial Tr maintains strong asset base with no reported officer compensation.
EIN: 201533095 · Williamston, NC · NTEE: T22 · Updated: 2026-03-28
Is Francis M Barnes Memorial Tr Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Francis M Barnes Memorial Tr directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Francis M Barnes Memorial Tr
Francis M Barnes Memorial Tr (EIN: 201533095) is a nonprofit organization based in Williamston, NC, classified under NTEE code T22. The organization reported total revenue of $5.4M and total assets of $5.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Francis M Barnes Memorial Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Francis M Barnes Memorial Tr is a mid-size nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 14.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $450K |
| Total Expenses | $285K |
| Surplus / Deficit | +$165K |
| Total Assets | $4.6M |
| Total Liabilities | $1 |
| Net Assets | $4.6M |
| Operating Margin | 36.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 195.0 months |
Financial Health Grade: A
In 2024, Francis M Barnes Memorial Tr reported a surplus of $165K with revenue exceeding expenses, holds 195.0 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 (2012–2024), Francis M Barnes Memorial Tr's revenue has grown at a compound annual growth rate (CAGR) of 14.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -106.2% | -6.2% | -7.6% |
| 2022 | +19.3% | +30.7% | +16.4% |
| 2021 | +43353.1% | +2.3% | +16.7% |
| 2020 | -99.6% | +19.7% | +17.0% |
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 Francis M Barnes Memorial Tr 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, Francis M Barnes Memorial Tr 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $165K, 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 no officers or key employees receive salaries from the organization, which is highly unusual for an organization with assets exceeding $4 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Francis M Barnes Memorial Tr's IRS 990 filings:
- Negative revenue reported in 202306 ($-62,337) without clear explanation in provided data.
Strengths
The following positive indicators were identified for Francis M Barnes Memorial Tr:
- Consistent asset growth over a decade, from $2.17M to $4.63M.
- Zero officer compensation reported across all filings, indicating high resource dedication.
- Very low liabilities ($1 consistently), suggesting strong financial stability.
- Strong program spending implied by low overall expenses and no executive compensation.
- Consistent filing history (10 filings) demonstrating transparency.
Frequently Asked Questions about Francis M Barnes Memorial Tr
Is Francis M Barnes Memorial Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Francis M Barnes Memorial Tr (EIN: 201533095) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Francis M Barnes Memorial Tr spend its money?
Francis M Barnes Memorial Tr directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Francis M Barnes Memorial Tr tax-deductible?
Francis M Barnes Memorial Tr is registered as a tax-exempt nonprofit (EIN: 201533095). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Francis M Barnes Memorial Tr a good charity?
Based on its financial data, Francis M Barnes Memorial Tr appears to be a very good charity. It demonstrates strong financial health with growing assets, very low liabilities ($1 consistently), and a remarkable commitment to not paying officer compensation, suggesting a high dedication of resources to its mission.
How does Francis M Barnes Memorial Tr manage its expenses?
The organization manages its expenses very efficiently. For example, in 202406, expenses were $285,128 against revenue of $450,474. Over the past decade, expenses have remained relatively stable and low compared to its asset growth and revenue, indicating prudent financial management.
What is the trend in Francis M Barnes Memorial Tr's assets?
Francis M Barnes Memorial Tr has shown consistent and significant asset growth over the past decade, increasing from $2,171,878 in 201206 to $4,633,354 in 202406. This indicates strong financial stewardship and accumulation of resources.
Does Francis M Barnes Memorial Tr have high administrative costs?
Given the consistent 0% officer compensation and the overall low expense figures relative to assets and revenue, it is highly unlikely that Francis M Barnes Memorial Tr has high administrative costs. The majority of expenses are likely directed towards program activities.
Filing History
IRS 990 filing history for Francis M Barnes Memorial Tr showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Francis M Barnes Memorial Tr's revenue has grown by 430.4%, moving from $85K to $450K. Total assets increased by 113.3% over the same period, from $2.2M to $4.6M. Total functional expenses rose by 48.4%, from $192K to $285K. In its most recent filing year (2024), Francis M Barnes Memorial Tr reported a surplus of $165K, with revenue exceeding expenses. The organization holds $1 in liabilities against $4.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $450K | $285K | $4.6M | $1 | — | — |
| 2023 | $-62,337 | $307K | $4.5M | $1 | — | View 990 |
| 2022 | $1.0M | $327K | $4.8M | $1 | — | View 990 |
| 2021 | $846K | $250K | $4.2M | $1 | — | View 990 |
| 2020 | $2K | $244K | $3.6M | $1 | — | View 990 |
| 2016 | $479K | $204K | $3.0M | $1 | — | View 990 |
| 2015 | $421K | $204K | $2.8M | $1 | — | View 990 |
| 2014 | $514K | $192K | $2.6M | $1 | — | View 990 |
| 2013 | $231K | $175K | $2.2M | $1 | — | View 990 |
| 2012 | $85K | $192K | $2.2M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $450K, expenses of $285K, and assets of $4.6M.
- 2023: Revenue of $-62,337, expenses of $307K, and assets of $4.5M (revenue -106.2% year-over-year).
- 2022: Revenue of $1.0M, expenses of $327K, and assets of $4.8M (revenue +19.3% year-over-year).
- 2021: Revenue of $846K, expenses of $250K, and assets of $4.2M (revenue +43353.1% year-over-year).
- 2020: Revenue of $2K, expenses of $244K, and assets of $3.6M (revenue -99.6% year-over-year).
- 2016: Revenue of $479K, expenses of $204K, and assets of $3.0M (revenue +13.9% year-over-year).
- 2015: Revenue of $421K, expenses of $204K, and assets of $2.8M (revenue -18.1% year-over-year).
- 2014: Revenue of $514K, expenses of $192K, and assets of $2.6M (revenue +122.4% year-over-year).
- 2013: Revenue of $231K, expenses of $175K, and assets of $2.2M (revenue +171.9% year-over-year).
- 2012: Revenue of $85K, expenses of $192K, and assets of $2.2M.
Data Sources and Methodology
This transparency report for Francis M Barnes Memorial Tr 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.