Irene Bartelt Memorial Education Fund
EIN: 352023439 · Westfield, IN · NTEE: B82
| Metric | Value |
|---|---|
| Total Revenue | $204K |
| Total Expenses | $59K |
| Net Assets | $503K |
Is Irene Bartelt Memorial Education Fund Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Irene Bartelt Memorial Education Fund
Irene Bartelt Memorial Education Fund (EIN: 352023439) is a nonprofit organization based in Westfield, IN, classified under NTEE code B82. The organization reported total revenue of $204K and total assets of $569K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Irene Bartelt Memorial Education Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Irene Bartelt Memorial Education Fund is a small nonprofit that has been operating for 27 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -6.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8K |
| Total Expenses | $59K |
| Surplus / Deficit | $-50,304 |
| Total Assets | $522K |
| Total Liabilities | $19K |
| Net Assets | $503K |
| Operating Margin | -600.9% |
| Debt-to-Asset Ratio | 3.6% |
| Months of Reserves | 106.8 months |
Financial Health Grade: B
In 2023, Irene Bartelt Memorial Education Fund reported a deficit of $50K with expenses exceeding revenue, holds 106.8 months of operating reserves (strong position), has a debt-to-asset ratio of 3.6% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Irene Bartelt Memorial Education Fund's revenue has declined at a compound annual growth rate (CAGR) of -6.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -93.0% | +71.8% | -5.4% |
| 2022 | -17.5% | -8.2% | +18.5% |
| 2021 | +50.3% | -7.8% | +29.6% |
| 2020 | +353.0% | -8.0% | +18.7% |
| 2019 | +42.3% | -8.0% | -32.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Irene Bartelt Memorial Education Fund 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 Irene Bartelt Memorial Education Fund 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 deficit of $50K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.6%.
Frequently Asked Questions about Irene Bartelt Memorial Education Fund
Is Irene Bartelt Memorial Education Fund a legitimate charity?
Irene Bartelt Memorial Education Fund (EIN: 352023439) is a registered tax-exempt nonprofit based in Indiana. It has 10 years of IRS 990 filings on record. Total revenue: $204K. No red flags identified. Financial health grade: B.
How does Irene Bartelt Memorial Education Fund spend its money?
Irene Bartelt Memorial Education Fund reported $204K in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Irene Bartelt Memorial Education Fund tax-deductible?
Irene Bartelt Memorial Education Fund is registered as a tax-exempt nonprofit (EIN: 352023439). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Irene Bartelt Memorial Education Fund located?
Irene Bartelt Memorial Education Fund is headquartered in Westfield, Indiana and files with the IRS under EIN 352023439. It is classified under NTEE code B82.
How many years of IRS 990 filings does Irene Bartelt Memorial Education Fund have?
Irene Bartelt Memorial Education Fund 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 $204K in total revenue.
Filing History
IRS 990 filing history for Irene Bartelt Memorial Education Fund showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Irene Bartelt Memorial Education Fund's revenue has declined by 54.2%, moving from $18K to $8K. Total assets decreased by 6.2% over the same period, from $557K to $522K. Total functional expenses fell by 8.5%, from $64K to $59K. In its most recent filing year (2023), Irene Bartelt Memorial Education Fund reported a deficit of $50K, with expenses exceeding revenue. The organization holds $19K in liabilities against $522K in assets (debt-to-asset ratio: 3.6%), resulting in net assets of $503K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8K | $59K | $522K | $19K | — | — |
| 2022 | $120K | $34K | $552K | $1 | — | View 990 |
| 2021 | $146K | $37K | $466K | $13K | — | View 990 |
| 2020 | $97K | $40K | $359K | $16K | — | View 990 |
| 2019 | $21K | $44K | $303K | $15K | — | View 990 |
| 2015 | $15K | $48K | $451K | $20K | — | View 990 |
| 2014 | $17K | $51K | $472K | $18K | — | View 990 |
| 2013 | $17K | $47K | $494K | $18K | — | View 990 |
| 2012 | $17K | $36K | $529K | $16K | — | View 990 |
| 2011 | $18K | $64K | $557K | $17K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8K, expenses of $59K, and assets of $522K (revenue -93.0% year-over-year).
- 2022: Revenue of $120K, expenses of $34K, and assets of $552K (revenue -17.5% year-over-year).
- 2021: Revenue of $146K, expenses of $37K, and assets of $466K (revenue +50.3% year-over-year).
- 2020: Revenue of $97K, expenses of $40K, and assets of $359K (revenue +353.0% year-over-year).
- 2019: Revenue of $21K, expenses of $44K, and assets of $303K (revenue +42.3% year-over-year).
- 2015: Revenue of $15K, expenses of $48K, and assets of $451K (revenue -11.5% year-over-year).
- 2014: Revenue of $17K, expenses of $51K, and assets of $472K (revenue +2.8% year-over-year).
- 2013: Revenue of $17K, expenses of $47K, and assets of $494K (revenue -4.8% year-over-year).
- 2012: Revenue of $17K, expenses of $36K, and assets of $529K (revenue -4.9% year-over-year).
- 2011: Revenue of $18K, expenses of $64K, and assets of $557K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Irene Bartelt Memorial Education Fund:
Data Sources and Methodology
This transparency report for Irene Bartelt Memorial Education Fund 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.