Linda And James Beasley Family Foundation
Linda And James Beasley Family Foundation maintains over $1 million in assets despite recent operating deficits.
EIN: 201532849 · Athens, AL · NTEE: T22 · Updated: 2026-03-28
Is Linda And James Beasley Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Linda And James Beasley Family Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Linda And James Beasley Family Foundation
Linda And James Beasley Family Foundation (EIN: 201532849) is a nonprofit organization based in Athens, AL, classified under NTEE code T22. The organization reported total revenue of $203K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Linda And James Beasley Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Linda And James Beasley Family Foundation with a Mission Score of 80 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: 85%
- fundraising: 5%
According to IRS 990 filings, Linda And James Beasley Family Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through non-officer channels, which is highly favorable 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 Linda And James Beasley Family Foundation's IRS 990 filings:
- Expenses exceeded revenue in recent years (e.g., $260,498 expenses vs. $203,033 revenue in 2022), leading to operating deficits.
- Revenue has been inconsistent, fluctuating significantly from $90,142 in 2021 to $455,629 in 2020.
Strengths
The following positive indicators were identified for Linda And James Beasley Family Foundation:
- Strong asset base, consistently over $1 million, reaching $1,369,105 in 2022.
- Extremely low liabilities, consistently reported as $1 in recent years, indicating minimal debt.
- 0% officer compensation reported across all filings, suggesting highly efficient executive overhead.
- Consistent IRS 990 filing history (9 filings), indicating good compliance and transparency.
Frequently Asked Questions about Linda And James Beasley Family Foundation
Is Linda And James Beasley Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Linda And James Beasley Family Foundation (EIN: 201532849) some concerns. Mission Score: 80/100. 2 red flags identified, 4 strengths noted.
How does Linda And James Beasley Family Foundation spend its money?
Linda And James Beasley Family Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Linda And James Beasley Family Foundation tax-deductible?
Linda And James Beasley Family Foundation is registered as a tax-exempt nonprofit (EIN: 201532849). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Linda And James Beasley Family Foundation financially stable?
Yes, the foundation is financially stable, consistently holding over $1 million in assets, reaching $1,369,105 in 2022, and maintaining negligible liabilities ($1 in recent years).
Does the foundation have high administrative costs?
Based on the reported 0% officer compensation, the foundation appears to have very low administrative costs at the executive level, which is a positive indicator of efficiency.
Why did expenses exceed revenue in 2022?
In 2022, expenses were $260,498 while revenue was $203,033, resulting in a net deficit of $57,465. This trend was also observed in 2021 and 2019, suggesting that the foundation occasionally spends more than it receives in a given year, potentially drawing from its asset base.
How transparent is the foundation?
The foundation demonstrates good transparency through its consistent IRS 990 filings. However, a more detailed breakdown of program, administrative, and fundraising expenses would further enhance transparency.
Filing History
IRS 990 filing history for Linda And James Beasley Family Foundation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2022), Linda And James Beasley Family Foundation's revenue has grown by 22.4%, moving from $166K to $203K. Total assets increased by 15.7% over the same period, from $1.2M to $1.4M. Total functional expenses rose by 77.8%, from $147K to $260K. In its most recent filing year (2022), Linda And James Beasley Family Foundation reported a deficit of $57K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2022 | $203K | $260K | $1.4M | $1 | — | View 990 |
| 2021 | $90K | $138K | $1.4M | $1 | — | View 990 |
| 2020 | $456K | $199K | $1.5M | $1 | — | View 990 |
| 2019 | $185K | $133K | $1.2M | $1 | — | View 990 |
| 2015 | $-670 | $160K | $920K | $210 | — | View 990 |
| 2014 | $86K | $102K | $1.1M | $0 | — | View 990 |
| 2013 | $78K | $82K | $1.1M | $211 | — | View 990 |
| 2012 | $87K | $167K | $1.1M | $0 | — | View 990 |
| 2011 | $166K | $147K | $1.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $203K, expenses of $260K, and assets of $1.4M (revenue +125.2% year-over-year).
- 2021: Revenue of $90K, expenses of $138K, and assets of $1.4M (revenue -80.2% year-over-year).
- 2020: Revenue of $456K, expenses of $199K, and assets of $1.5M (revenue +146.4% year-over-year).
- 2019: Revenue of $185K, expenses of $133K, and assets of $1.2M.
- 2015: Revenue of $-670, expenses of $160K, and assets of $920K (revenue -100.8% year-over-year).
- 2014: Revenue of $86K, expenses of $102K, and assets of $1.1M (revenue +10.6% year-over-year).
- 2013: Revenue of $78K, expenses of $82K, and assets of $1.1M (revenue -10.8% year-over-year).
- 2012: Revenue of $87K, expenses of $167K, and assets of $1.1M (revenue -47.5% year-over-year).
- 2011: Revenue of $166K, expenses of $147K, and assets of $1.2M.
Data Sources and Methodology
This transparency report for Linda And James Beasley Family 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.