Richard Baidas Memorial Scholarship Fdn
Richard Baidas Memorial Scholarship Fdn shows consistent growth and strong financial health with no officer compensation.
EIN: 205027803 · Milford, MI · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.0M |
| Total Expenses | $161K |
| Program Spending | 90% |
| Net Assets | $1.7M |
| Transparency Score | 95/100 |
Is Richard Baidas Memorial Scholarship Fdn Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Richard Baidas Memorial Scholarship Fdn directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Richard Baidas Memorial Scholarship Fdn
Richard Baidas Memorial Scholarship Fdn (EIN: 205027803) is a nonprofit organization based in Milford, MI, classified under NTEE code T20. The organization reported total revenue of $1.0M and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Richard Baidas Memorial Scholarship Fdn's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Richard Baidas Memorial Scholarship Fdn is a mid-size nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $480K |
| Total Expenses | $161K |
| Surplus / Deficit | +$318K |
| Total Assets | $1.7M |
| Total Liabilities | $1 |
| Net Assets | $1.7M |
| Operating Margin | 66.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 128.6 months |
Financial Health Grade: A
In 2023, Richard Baidas Memorial Scholarship Fdn reported a surplus of $318K with revenue exceeding expenses, holds 128.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Richard Baidas Memorial Scholarship Fdn's revenue has grown at a compound annual growth rate (CAGR) of 12.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +24.1% | -18.9% | +22.6% |
| 2022 | +30.1% | +69.5% | +15.3% |
| 2021 | +77.2% | +24.0% | +17.2% |
| 2020 | -32.2% | -47.1% | +7.5% |
| 2019 | +42.8% | +87.1% | +49.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Richard Baidas Memorial Scholarship Fdn with a Mission Score of 95 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Richard Baidas Memorial Scholarship Fdn allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 surplus of $318K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through other means not classified as officer compensation, which is highly favorable for a scholarship foundation as it maximizes funds available for scholarships.
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 Richard Baidas Memorial Scholarship Fdn's IRS 990 filings:
- Specific program, administrative, and fundraising expense breakdowns are not detailed in the provided summary, making it difficult to precisely assess efficiency ratios beyond overall expenses.
Strengths
The following positive indicators were identified for Richard Baidas Memorial Scholarship Fdn:
- Consistent and significant growth in revenue and assets over a decade.
- Extremely low liabilities ($1 across all filings), indicating strong financial stability.
- 0% officer compensation, maximizing funds for program services.
- Strong asset base ($1,729,109 in 2023) relative to annual expenses, suggesting long-term sustainability.
- Consistent IRS 990 filing history, indicating transparency.
Frequently Asked Questions about Richard Baidas Memorial Scholarship Fdn
Is Richard Baidas Memorial Scholarship Fdn a legitimate charity?
Based on AI analysis of IRS 990 filings, Richard Baidas Memorial Scholarship Fdn (EIN: 205027803) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does Richard Baidas Memorial Scholarship Fdn spend its money?
Richard Baidas Memorial Scholarship Fdn directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Richard Baidas Memorial Scholarship Fdn tax-deductible?
Richard Baidas Memorial Scholarship Fdn is registered as a tax-exempt nonprofit (EIN: 205027803). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Richard Baidas Memorial Scholarship Fdn's spending goes to programs?
Richard Baidas Memorial Scholarship Fdn directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Richard Baidas Memorial Scholarship Fdn compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Richard Baidas Memorial Scholarship Fdn is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Richard Baidas Memorial Scholarship Fdn located?
Richard Baidas Memorial Scholarship Fdn is headquartered in Milford, Michigan and files with the IRS under EIN 205027803. It is classified under NTEE code T20.
How many years of IRS 990 filings does Richard Baidas Memorial Scholarship Fdn have?
Richard Baidas Memorial Scholarship Fdn 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 $1.0M in total revenue.
Is Richard Baidas Memorial Scholarship Fdn a good charity?
Based on the provided data, yes. The foundation exhibits strong financial health, consistent growth in assets and revenue, minimal liabilities, and no reported officer compensation, all of which are positive indicators for a charity focused on scholarships.
How has the organization's financial health changed over time?
The organization has shown significant and consistent financial growth. Revenue increased from $123,196 in 2011 to $479,719 in 2023, and assets grew from $425,435 to $1,729,109 over the same period, indicating robust financial health and sustainability.
What is the organization's approach to executive compensation?
The organization consistently reports 0% officer compensation, suggesting a volunteer-led executive team or that compensation is covered by other means, which allows more funds to be directed towards its scholarship programs.
Filing History
IRS 990 filing history for Richard Baidas Memorial Scholarship Fdn showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Richard Baidas Memorial Scholarship Fdn's revenue has grown by 289.4%, moving from $123K to $480K. Total assets increased by 306.4% over the same period, from $425K to $1.7M. Total functional expenses rose by 79.2%, from $90K to $161K. In its most recent filing year (2023), Richard Baidas Memorial Scholarship Fdn reported a surplus of $318K, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $480K | $161K | $1.7M | $1 | — | View 990 |
| 2022 | $387K | $199K | $1.4M | $1 | — | View 990 |
| 2021 | $297K | $117K | $1.2M | $1 | — | View 990 |
| 2020 | $168K | $95K | $1.0M | $1 | — | — |
| 2019 | $248K | $179K | $970K | $1 | — | View 990 |
| 2015 | $173K | $96K | $649K | $1 | — | View 990 |
| 2014 | $153K | $78K | $572K | $1 | — | View 990 |
| 2013 | $137K | $94K | $497K | $1 | — | View 990 |
| 2012 | $124K | $95K | $454K | $1 | — | View 990 |
| 2011 | $123K | $90K | $425K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $480K, expenses of $161K, and assets of $1.7M (revenue +24.1% year-over-year).
- 2022: Revenue of $387K, expenses of $199K, and assets of $1.4M (revenue +30.1% year-over-year).
- 2021: Revenue of $297K, expenses of $117K, and assets of $1.2M (revenue +77.2% year-over-year).
- 2020: Revenue of $168K, expenses of $95K, and assets of $1.0M (revenue -32.2% year-over-year).
- 2019: Revenue of $248K, expenses of $179K, and assets of $970K (revenue +42.8% year-over-year).
- 2015: Revenue of $173K, expenses of $96K, and assets of $649K (revenue +13.4% year-over-year).
- 2014: Revenue of $153K, expenses of $78K, and assets of $572K (revenue +11.7% year-over-year).
- 2013: Revenue of $137K, expenses of $94K, and assets of $497K (revenue +10.5% year-over-year).
- 2012: Revenue of $124K, expenses of $95K, and assets of $454K (revenue +0.5% year-over-year).
- 2011: Revenue of $123K, expenses of $90K, and assets of $425K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Richard Baidas Memorial Scholarship Fdn:
Data Sources and Methodology
This transparency report for Richard Baidas Memorial Scholarship Fdn 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.