Frvbc Foundation
Frvbc Foundation faces significant financial challenges with declining revenue and assets, and consistent deficit spending in recent years.
EIN: 202138865 · Englewood, CO · NTEE: N119 · Updated: 2026-03-28
Is Frvbc Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Frvbc Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Frvbc Foundation
Frvbc Foundation (EIN: 202138865) is a nonprofit organization based in Englewood, CO, classified under NTEE code N119. The organization reported total revenue of $708K and total assets of $335K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Frvbc Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Frvbc Foundation is a small nonprofit that has been operating for 20 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -11.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $357K |
| Total Expenses | $514K |
| Surplus / Deficit | $-157,758 |
| Total Assets | $21K |
| Total Liabilities | $97K |
| Net Assets | $-76,473 |
| Operating Margin | -44.2% |
| Debt-to-Asset Ratio | 470.8% |
| Months of Reserves | 0.5 months |
Financial Health Grade: D
In 2023, Frvbc Foundation reported a deficit of $158K with expenses exceeding revenue, holds 0.5 months of operating reserves (limited), has a debt-to-asset ratio of 470.8% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Frvbc Foundation's revenue has declined at a compound annual growth rate (CAGR) of -11.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +66.2% | -56.4% | -88.3% |
| 2022 | -65.7% | +5.9% | -86.0% |
| 2021 | -4.6% | +11.6% | -28.5% |
| 2020 | -65.1% | -8.8% | -6.5% |
| 2019 | +6.9% | -31.8% | -22.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Frvbc Foundation with a Mission Score of 60 out of 100 (Good). 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, Frvbc Foundation 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 $158K, with expenses exceeding revenue.
- Debt-to-asset ratio: 470.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are not receiving salaries from the organization. This suggests a volunteer-led leadership structure, which is highly efficient in terms of overhead.
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 Frvbc Foundation's IRS 990 filings:
- Significant and consistent decline in revenue over the past four years, from $1.88M in 2019 to $356K in 2023.
- Dramatic depletion of assets, from a peak of $2.4M in 2018 to just $20K in 2023.
- Expenses frequently exceeding revenue in recent periods, indicating deficit spending and potential operational unsustainability.
- High liabilities relative to current assets in some periods (e.g., 2023: Assets $20,625, Liabilities $97,098).
Strengths
The following positive indicators were identified for Frvbc Foundation:
- Consistent reporting of 0% officer compensation, indicating a commitment to minimizing executive overhead.
- Historically demonstrated ability to generate substantial revenue (over $1.6M annually from 2016-2019).
Frequently Asked Questions about Frvbc Foundation
Is Frvbc Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Frvbc Foundation (EIN: 202138865) some concerns. Mission Score: 60/100. 4 red flags identified, 2 strengths noted.
How does Frvbc Foundation spend its money?
Frvbc Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Frvbc Foundation tax-deductible?
Frvbc Foundation is registered as a tax-exempt nonprofit (EIN: 202138865). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the dramatic decline in revenue and assets since 2019?
The provided data shows a sharp drop in revenue from $1,880,456 in 2019 to $356,690 in 2023, and assets from $2,427,157 in 2018 to $20,625 in 2023. Understanding the underlying reasons for this significant financial contraction is crucial for assessing future stability.
How does Frvbc Foundation plan to address its consistent deficit spending?
In recent periods, expenses have frequently exceeded revenue (e.g., 2023: Revenue $356,690, Expenses $514,448; 2022: Revenue $214,571, Expenses $1,179,156). A strategy for achieving financial sustainability and rebuilding reserves is essential.
What is the current program scope given the reduced financial capacity?
With assets significantly depleted and revenue substantially lower than historical levels, it's important to understand how the organization is maintaining or adjusting its program delivery and impact.
Filing History
IRS 990 filing history for Frvbc Foundation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Frvbc Foundation's revenue has declined by 79.2%, moving from $1.7M to $357K. Total assets decreased by 98.2% over the same period, from $1.2M to $21K. Total functional expenses fell by 60.6%, from $1.3M to $514K. In its most recent filing year (2023), Frvbc Foundation reported a deficit of $158K, with expenses exceeding revenue. The organization holds $97K in liabilities against $21K in assets (debt-to-asset ratio: 470.8%), resulting in net assets of $-76,473.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $357K | $514K | $21K | $97K | — | — |
| 2022 | $215K | $1.2M | $176K | $95K | — | View 990 |
| 2021 | $625K | $1.1M | $1.3M | $211K | — | View 990 |
| 2020 | $656K | $997K | $1.8M | $224K | — | — |
| 2019 | $1.9M | $1.1M | $1.9M | $4K | — | View 990 |
| 2018 | $1.8M | $1.6M | $2.4M | $1.3M | — | View 990 |
| 2017 | $1.8M | $1.5M | $2.1M | $1.2M | — | — |
| 2016 | $1.6M | $1.4M | $2.0M | $1.3M | — | View 990 |
| 2015 | $1.1M | $1.3M | $1.6M | $1.1M | — | View 990 |
| 2014 | $893K | $1.1M | $1.7M | $984K | — | View 990 |
| 2013 | $675K | $1.0M | $1.8M | $881K | — | View 990 |
| 2012 | $997K | $957K | $1.2M | $0 | — | View 990 |
| 2011 | $1.4M | $1.4M | $1.2M | $0 | — | View 990 |
| 2010 | $1.7M | $1.3M | $1.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $357K, expenses of $514K, and assets of $21K (revenue +66.2% year-over-year).
- 2022: Revenue of $215K, expenses of $1.2M, and assets of $176K (revenue -65.7% year-over-year).
- 2021: Revenue of $625K, expenses of $1.1M, and assets of $1.3M (revenue -4.6% year-over-year).
- 2020: Revenue of $656K, expenses of $997K, and assets of $1.8M (revenue -65.1% year-over-year).
- 2019: Revenue of $1.9M, expenses of $1.1M, and assets of $1.9M (revenue +6.9% year-over-year).
- 2018: Revenue of $1.8M, expenses of $1.6M, and assets of $2.4M (revenue -2.4% year-over-year).
- 2017: Revenue of $1.8M, expenses of $1.5M, and assets of $2.1M (revenue +11.1% year-over-year).
- 2016: Revenue of $1.6M, expenses of $1.4M, and assets of $2.0M (revenue +45.1% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.3M, and assets of $1.6M (revenue +25.1% year-over-year).
- 2014: Revenue of $893K, expenses of $1.1M, and assets of $1.7M (revenue +32.4% year-over-year).
- 2013: Revenue of $675K, expenses of $1.0M, and assets of $1.8M (revenue -32.3% year-over-year).
- 2012: Revenue of $997K, expenses of $957K, and assets of $1.2M (revenue -30.3% year-over-year).
- 2011: Revenue of $1.4M, expenses of $1.4M, and assets of $1.2M (revenue -16.7% year-over-year).
- 2010: Revenue of $1.7M, expenses of $1.3M, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Frvbc Foundation:
Data Sources and Methodology
This transparency report for Frvbc 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.