J Bruce & Rose W Beveridge Foundation

J Bruce & Rose W Beveridge Foundation maintains stable assets despite consistent operational deficits in recent years.

EIN: 10620454 · Bay Minette, AL · NTEE: T22 · Updated: 2026-03-27

$415KRevenue

$3.9MAssets

85/100Mission Score (Excellent)

T22

About J Bruce & Rose W Beveridge Foundation

J Bruce & Rose W Beveridge Foundation (EIN: 10620454) is a nonprofit organization based in Bay Minette, AL, classified under NTEE code T22. The organization reported total revenue of $415K and total assets of $3.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of J Bruce & Rose W Beveridge Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The J Bruce & Rose W Beveridge Foundation appears to be a private foundation, as indicated by its consistent asset base and fluctuating, often negative, net revenue in recent years. For example, in 2023, the foundation reported revenue of $105,735 against expenses of $275,181, resulting in a net loss. This pattern of expenses exceeding revenue is common for foundations that primarily disburse grants from an endowment rather than actively fundraising. The foundation's assets have remained relatively stable, hovering around $4 million in recent periods, suggesting a well-managed endowment for its size.

Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, as a private foundation, its primary 'program' activity is typically grantmaking. The absence of officer compensation reported across all periods is a positive indicator of efficient use of funds, as it suggests that the foundation may be run by volunteers or has very low overhead in this area. 

Transparency is generally good given the availability of multiple years of IRS 990 filings. The consistent reporting of liabilities at $1 in recent years is unusual but not necessarily a red flag without further context. The foundation's financial health appears stable, supported by its consistent asset base, despite the operational deficits in some years, which are likely covered by investment returns or principal drawdowns from its endowment.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates J Bruce & Rose W Beveridge Foundation 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: 10%
programs: 90%
fundraising: 0%

According to IRS 990 filings, J Bruce & Rose W Beveridge Foundation 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.

Executive Compensation Analysis

The foundation consistently reports 0% officer compensation across all available filing periods, indicating that executive leadership is either unpaid or compensated through other means not classified as officer compensation, which is a strong positive for minimizing administrative 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 J Bruce & Rose W Beveridge Foundation's IRS 990 filings:

Consistent operational deficits (expenses exceeding revenue) in recent years, though common for private foundations, warrant understanding of funding sources.
Unusual consistent reporting of $1 in liabilities in recent filings.

Strengths

The following positive indicators were identified for J Bruce & Rose W Beveridge Foundation:

Stable asset base of approximately $4 million, indicating a solid endowment.
0% officer compensation reported across all periods, suggesting very low executive overhead.
Consistent filing of IRS 990 forms, demonstrating transparency and compliance.

Frequently Asked Questions about J Bruce & Rose W Beveridge Foundation

What is the primary purpose of the J Bruce & Rose W Beveridge Foundation?

Based on the NTEE code T22 (Private Grantmaking Foundations) and the financial data, the foundation's primary purpose is likely to make grants to other organizations or individuals, funded by its endowment.

Why does the foundation frequently report expenses exceeding revenue?

As a private foundation, it likely operates by disbursing grants from its endowment. Expenses exceeding revenue in a given year can be covered by investment returns from the endowment or by drawing down a portion of the principal, which is a common operational model for such entities.

What does the consistent '$1' liability mean in recent filings?

The consistent reporting of $1 in liabilities is unusual and could indicate a nominal placeholder or a specific, very small, recurring liability. Without further detail from the full 990 forms, its exact meaning is unclear but it does not suggest significant financial risk.

Filing History

IRS 990 filing history for J Bruce & Rose W Beveridge Foundation showing financial trends over 9 years of public records:

Over 9 years of IRS 990 filings (2011–2023), J Bruce & Rose W Beveridge Foundation's revenue has grown by 16.5%, moving from $91K to $106K. Total assets increased by 145.3% over the same period, from $1.6M to $4.0M. Total functional expenses rose by 145.5%, from $112K to $275K. In its most recent filing year (2023), J Bruce & Rose W Beveridge Foundation reported a deficit of $169K, with expenses exceeding revenue. The organization holds $1 in liabilities against $4.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.0M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$106K	$275K	$4.0M	$1	—	—
2022	$184K	$314K	$4.2M	$1	—	View 990
2021	$487K	$293K	$4.3M	$1	—	View 990
2020	$245K	$273K	$4.1M	$1	—	—
2019	$203K	$192K	$4.2M	$1	—	View 990
2015	$184K	$209K	$4.1M	$0	—	View 990
2014	$2.7M	$151K	$4.1M	$0	—	View 990
2012	$79K	$116K	$1.6M	$0	—	View 990
2011	$91K	$112K	$1.6M	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $106K, expenses of $275K, and assets of $4.0M (revenue -42.5% year-over-year).
2022: Revenue of $184K, expenses of $314K, and assets of $4.2M (revenue -62.3% year-over-year).
2021: Revenue of $487K, expenses of $293K, and assets of $4.3M (revenue +98.8% year-over-year).
2020: Revenue of $245K, expenses of $273K, and assets of $4.1M (revenue +20.9% year-over-year).
2019: Revenue of $203K, expenses of $192K, and assets of $4.2M (revenue +10.5% year-over-year).
2015: Revenue of $184K, expenses of $209K, and assets of $4.1M (revenue -93.2% year-over-year).
2014: Revenue of $2.7M, expenses of $151K, and assets of $4.1M (revenue +3313.3% year-over-year).
2012: Revenue of $79K, expenses of $116K, and assets of $1.6M (revenue -13.2% year-over-year).
2011: Revenue of $91K, expenses of $112K, and assets of $1.6M.

Data Sources and Methodology

This transparency report for J Bruce & Rose W Beveridge 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.