Greater Richmond Bar Foundation
EIN: 541081082 · Richmond, VA · NTEE: I128
Is Greater Richmond Bar Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Greater Richmond Bar Foundation
Greater Richmond Bar Foundation (EIN: 541081082) is a nonprofit organization based in Richmond, VA, classified under NTEE code I128. The organization reported total revenue of $295K and total assets of $441K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greater Richmond Bar Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greater Richmond Bar Foundation is a small nonprofit that has been operating for 47 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $278K |
| Total Expenses | $270K |
| Surplus / Deficit | +$8K |
| Total Assets | $337K |
| Total Liabilities | $26K |
| Net Assets | $311K |
| Operating Margin | 3.0% |
| Debt-to-Asset Ratio | 7.6% |
| Months of Reserves | 15.0 months |
Financial Health Grade: A
In 2023, Greater Richmond Bar Foundation reported a surplus of $8K with revenue exceeding expenses, holds 15.0 months of operating reserves (strong position), has a debt-to-asset ratio of 7.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Greater Richmond Bar Foundation's revenue has grown at a compound annual growth rate (CAGR) of 9.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.4% | -4.1% | +10.7% |
| 2022 | -2.9% | +46.5% | +2.0% |
| 2021 | +44.3% | -0.9% | +64.3% |
| 2020 | +8.9% | +10.8% | +13.9% |
| 2019 | +53.0% | +17.4% | +9.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1979 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Greater Richmond Bar Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Greater Richmond Bar Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $8K, with revenue exceeding expenses.
- Debt-to-asset ratio: 7.6%.
Frequently Asked Questions about Greater Richmond Bar Foundation
Is Greater Richmond Bar Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Greater Richmond Bar Foundation (EIN: 541081082) insufficient data. 0 red flags identified, 0 strengths noted.
How does Greater Richmond Bar Foundation spend its money?
Detailed spending breakdown data is not yet available for Greater Richmond Bar Foundation. Check back for updated IRS 990 analysis.
Are donations to Greater Richmond Bar Foundation tax-deductible?
Greater Richmond Bar Foundation is registered as a tax-exempt nonprofit (EIN: 541081082). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Greater Richmond Bar Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Greater Richmond Bar Foundation's revenue has grown by 201.3%, moving from $92K to $278K. Total assets increased by 211.2% over the same period, from $108K to $337K. Total functional expenses rose by 224.5%, from $83K to $270K. In its most recent filing year (2023), Greater Richmond Bar Foundation reported a surplus of $8K, with revenue exceeding expenses. The organization holds $26K in liabilities against $337K in assets (debt-to-asset ratio: 7.6%), resulting in net assets of $311K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $278K | $270K | $337K | $26K | — | View 990 |
| 2022 | $288K | $281K | $304K | $1K | — | View 990 |
| 2021 | $297K | $192K | $298K | $2K | — | — |
| 2020 | $206K | $194K | $182K | $15K | — | View 990 |
| 2019 | $189K | $175K | $159K | $2K | — | View 990 |
| 2018 | $123K | $149K | $145K | $2K | — | View 990 |
| 2017 | $152K | $146K | $171K | $2K | — | — |
| 2016 | $151K | $168K | $165K | $2K | — | View 990 |
| 2015 | $71K | $79K | $182K | $2K | — | View 990 |
| 2014 | $197K | $128K | $191K | $3K | — | View 990 |
| 2013 | $229K | $286K | $122K | $2K | — | View 990 |
| 2012 | $294K | $221K | $181K | $4K | — | View 990 |
| 2011 | $92K | $83K | $108K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $278K, expenses of $270K, and assets of $337K (revenue -3.4% year-over-year).
- 2022: Revenue of $288K, expenses of $281K, and assets of $304K (revenue -2.9% year-over-year).
- 2021: Revenue of $297K, expenses of $192K, and assets of $298K (revenue +44.3% year-over-year).
- 2020: Revenue of $206K, expenses of $194K, and assets of $182K (revenue +8.9% year-over-year).
- 2019: Revenue of $189K, expenses of $175K, and assets of $159K (revenue +53.0% year-over-year).
- 2018: Revenue of $123K, expenses of $149K, and assets of $145K (revenue -18.6% year-over-year).
- 2017: Revenue of $152K, expenses of $146K, and assets of $171K (revenue +0.2% year-over-year).
- 2016: Revenue of $151K, expenses of $168K, and assets of $165K (revenue +113.9% year-over-year).
- 2015: Revenue of $71K, expenses of $79K, and assets of $182K (revenue -64.0% year-over-year).
- 2014: Revenue of $197K, expenses of $128K, and assets of $191K (revenue -14.1% year-over-year).
- 2013: Revenue of $229K, expenses of $286K, and assets of $122K (revenue -22.2% year-over-year).
- 2012: Revenue of $294K, expenses of $221K, and assets of $181K (revenue +218.6% year-over-year).
- 2011: Revenue of $92K, expenses of $83K, and assets of $108K.
Data Sources and Methodology
This transparency report for Greater Richmond Bar 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.