Marjorie M & Lawrence R Bradley Endowment Fund Of Polk County N Ca
Bradley Endowment Fund consistently expends more than annual revenue, maintaining a stable asset base with no officer compensation.
EIN: 202953427 · Tryon, NC · NTEE: T113 · Updated: 2026-03-28
Is Marjorie M & Lawrence R Bradley Endowment Fund Of Polk County N Ca Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Marjorie M & Lawrence R Bradley Endowment Fund Of Polk County N Ca directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Marjorie M & Lawrence R Bradley Endowment Fund Of Polk County N Ca
Marjorie M & Lawrence R Bradley Endowment Fund Of Polk County N Ca (EIN: 202953427) is a nonprofit organization based in Tryon, NC, classified under NTEE code T113. The organization reported total revenue of $321K and total assets of $11.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Marjorie M & Lawrence R Bradley Endowment Fund Of Polk County N Ca's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Marjorie M & Lawrence R Bradley Endowment Fund Of Polk County N Ca is a small nonprofit that has been operating for 19 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -11.0%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $130K |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-951,500 |
| Total Assets | $10.3M |
| Net Assets | $10.3M |
| Operating Margin | -730.5% |
| Months of Reserves | 114.3 months |
Financial Health Grade: B
In 2022, Marjorie M & Lawrence R Bradley Endowment Fund Of Polk County N Ca reported a deficit of $952K with expenses exceeding revenue, holds 114.3 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2011–2022), Marjorie M & Lawrence R Bradley Endowment Fund Of Polk County N Ca's revenue has declined at a compound annual growth rate (CAGR) of -11.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -32.3% | +63.7% | -18.9% |
| 2021 | +19.2% | +92.7% | +2.5% |
| 2020 | -45.5% | -32.8% | +7.7% |
| 2019 | +63.1% | -54.7% | +7.8% |
| 2018 | -68.4% | -28.8% | -12.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Marjorie M & Lawrence R Bradley Endowment Fund Of Polk County N Ca 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, Marjorie M & Lawrence R Bradley Endowment Fund Of Polk County N Ca 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $952K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the organization. This is a strong positive for an organization of its asset size ($11.5 million latest assets), demonstrating a highly efficient and volunteer-driven or externally managed administrative structure.
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 Marjorie M & Lawrence R Bradley Endowment Fund Of Polk County N Ca's IRS 990 filings:
- High expense-to-revenue ratio (e.g., 2022 expenses $1,081,750 vs. revenue $130,250), though this is typical for an endowment fund and not necessarily a negative.
Strengths
The following positive indicators were identified for Marjorie M & Lawrence R Bradley Endowment Fund Of Polk County N Ca:
- Consistent zero officer compensation across all filings, indicating efficient governance and minimal administrative overhead.
- Zero liabilities reported in all available filings, demonstrating strong financial stability.
- Stable and substantial asset base (around $10-12 million), indicating long-term financial health and capacity for grantmaking.
- Clear focus on grantmaking as an endowment fund (NTEE T113).
Frequently Asked Questions about Marjorie M & Lawrence R Bradley Endowment Fund Of Polk County N Ca
Is Marjorie M & Lawrence R Bradley Endowment Fund Of Polk County N Ca a legitimate charity?
Based on AI analysis of IRS 990 filings, Marjorie M & Lawrence R Bradley Endowment Fund Of Polk County N Ca (EIN: 202953427) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Marjorie M & Lawrence R Bradley Endowment Fund Of Polk County N Ca spend its money?
Marjorie M & Lawrence R Bradley Endowment Fund Of Polk County N Ca directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Marjorie M & Lawrence R Bradley Endowment Fund Of Polk County N Ca tax-deductible?
Marjorie M & Lawrence R Bradley Endowment Fund Of Polk County N Ca is registered as a tax-exempt nonprofit (EIN: 202953427). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Marjorie M & Lawrence R Bradley Endowment Fund Of Polk County N Ca a good charity?
As an endowment fund, its 'goodness' is measured by its grantmaking impact and financial stewardship. The fund demonstrates excellent financial health with no liabilities and a stable asset base. Its consistent zero officer compensation is a significant positive. The high expense-to-revenue ratio is typical for an endowment distributing grants, not necessarily a negative, as long as it aligns with its mission to disburse funds from its principal or investment gains.
Why does the organization consistently spend more than it earns?
As an endowment fund, the organization's primary purpose is to distribute grants from its accumulated assets and investment income, not solely from annual contributions. Therefore, it is common for expenses (grants disbursed) to exceed annual revenue in a given year, drawing from its substantial asset base (e.g., $11.5 million latest assets) to fulfill its grantmaking mission.
What is the primary function of this organization?
Based on its NTEE code T113 (Private Grantmaking Foundations) and financial patterns, its primary function is to act as a grantmaking entity, distributing funds to other organizations or individuals in line with its endowment's purpose, rather than directly operating programs.
Filing History
IRS 990 filing history for Marjorie M & Lawrence R Bradley Endowment Fund Of Polk County N Ca showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Marjorie M & Lawrence R Bradley Endowment Fund Of Polk County N Ca's revenue has declined by 72.2%, moving from $469K to $130K. Total assets decreased by 1.9% over the same period, from $10.5M to $10.3M. Total functional expenses rose by 361.6%, from $234K to $1.1M. In its most recent filing year (2022), Marjorie M & Lawrence R Bradley Endowment Fund Of Polk County N Ca reported a deficit of $952K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $130K | $1.1M | $10.3M | $0 | — | — |
| 2021 | $192K | $661K | $12.7M | $0 | — | View 990 |
| 2020 | $161K | $343K | $12.4M | $0 | — | View 990 |
| 2019 | $296K | $511K | $11.5M | $0 | — | View 990 |
| 2018 | $181K | $1.1M | $10.7M | $0 | — | View 990 |
| 2017 | $574K | $1.6M | $12.1M | $285 | — | View 990 |
| 2016 | $1.5M | $284K | $12.5M | $0 | — | View 990 |
| 2015 | $248K | $655K | $10.9M | $0 | — | View 990 |
| 2014 | $282K | $1.5M | $11.6M | $0 | — | View 990 |
| 2013 | $396K | $1.1M | $12.4M | $0 | — | View 990 |
| 2012 | $396K | $248K | $11.6M | $0 | — | View 990 |
| 2011 | $469K | $234K | $10.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $130K, expenses of $1.1M, and assets of $10.3M (revenue -32.3% year-over-year).
- 2021: Revenue of $192K, expenses of $661K, and assets of $12.7M (revenue +19.2% year-over-year).
- 2020: Revenue of $161K, expenses of $343K, and assets of $12.4M (revenue -45.5% year-over-year).
- 2019: Revenue of $296K, expenses of $511K, and assets of $11.5M (revenue +63.1% year-over-year).
- 2018: Revenue of $181K, expenses of $1.1M, and assets of $10.7M (revenue -68.4% year-over-year).
- 2017: Revenue of $574K, expenses of $1.6M, and assets of $12.1M (revenue -61.2% year-over-year).
- 2016: Revenue of $1.5M, expenses of $284K, and assets of $12.5M (revenue +496.3% year-over-year).
- 2015: Revenue of $248K, expenses of $655K, and assets of $10.9M (revenue -12.0% year-over-year).
- 2014: Revenue of $282K, expenses of $1.5M, and assets of $11.6M (revenue -28.8% year-over-year).
- 2013: Revenue of $396K, expenses of $1.1M, and assets of $12.4M (revenue +-0.0% year-over-year).
- 2012: Revenue of $396K, expenses of $248K, and assets of $11.6M (revenue -15.7% year-over-year).
- 2011: Revenue of $469K, expenses of $234K, and assets of $10.5M.
Data Sources and Methodology
This transparency report for Marjorie M & Lawrence R Bradley Endowment Fund Of Polk County N Ca 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.