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
| Metric | Value |
|---|---|
| Total Revenue | $415K |
| Total Expenses | $275K |
| Program Spending | 90% |
| Net Assets | $4.0M |
| Transparency Score | 85/100 |
Search Intent Cockpit
J Bruce & Rose W Beveridge Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals
J Bruce & Rose W Beveridge Foundation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around J Bruce & Rose W Beveridge Foundation in one place.
Form 990 Filing Summary
9 filing years are available, with latest revenue of $106K and expenses of $275K.
Revenue and Expenses
J Bruce & Rose W Beveridge Foundation reported $106K in revenue and $275K in expenses, a deficit of $169K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
85/100 mission score, 2 red flags, and 3 strengths are shown from structured and AI review.
Is J Bruce & Rose W Beveridge Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $248K (90%) |
Across stored filings, J Bruce & Rose W Beveridge Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade B | 9 stored filing years |
| Peer context | Compare with Association Of Tourist Railroads And Railway Museums Inc | Alabama and Philanthropy context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
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Keep the Investigation Moving
J Bruce & Rose W Beveridge Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
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.
Organization Overview
J Bruce & Rose W Beveridge Foundation is a small nonprofit that has been operating for 22 years, with 9 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $106K |
| Total Expenses | $275K |
| Surplus / Deficit | $-169,446 |
| Total Assets | $4.0M |
| Total Liabilities | $1 |
| Net Assets | $4.0M |
| Operating Margin | -160.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 175.9 months |
Financial Health Grade: B
In 2023, J Bruce & Rose W Beveridge Foundation reported a deficit of $169K with expenses exceeding revenue, holds 175.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2023), J Bruce & Rose W Beveridge Foundation's revenue has grown at a compound annual growth rate (CAGR) of 1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -42.5% | -12.4% | -4.0% |
| 2022 | -62.3% | +7.1% | -3.0% |
| 2021 | +98.8% | +7.4% | +4.7% |
| 2020 | +20.9% | +41.8% | -0.7% |
| 2019 | +10.5% | -8.0% | +1.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $169K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
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
Is J Bruce & Rose W Beveridge Foundation a legitimate charity?
J Bruce & Rose W Beveridge Foundation (EIN: 10620454) is a registered tax-exempt nonprofit based in Alabama. Our AI analysis gives it a Mission Score of 85/100. It has 9 years of IRS 990 filings on record. Total revenue: $415K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does J Bruce & Rose W Beveridge Foundation spend its money?
J Bruce & Rose W Beveridge Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to J Bruce & Rose W Beveridge Foundation tax-deductible?
J Bruce & Rose W Beveridge Foundation is registered as a tax-exempt nonprofit (EIN: 10620454). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does J Bruce & Rose W Beveridge Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), J Bruce & Rose W Beveridge Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is J Bruce & Rose W Beveridge Foundation located?
J Bruce & Rose W Beveridge Foundation is headquartered in Bay Minette, Alabama and files with the IRS under EIN 10620454. It is classified under NTEE code T22.
How many years of IRS 990 filings does J Bruce & Rose W Beveridge Foundation have?
J Bruce & Rose W Beveridge Foundation has 9 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 $415K in total revenue.
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. % | |
|---|---|---|---|---|---|---|
| 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.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for J Bruce & Rose W Beveridge Foundation:
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.