Richard Seymour Bgc Foundation
Richard Seymour Bgc Foundation reports $0 revenue and assets, indicating dormancy or cessation of operations.
EIN: 202707502 · Eastover, SC · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $8K |
| Net Assets | $988 |
| Transparency Score | 50/100 |
Is Richard Seymour Bgc Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Richard Seymour Bgc Foundation
Richard Seymour Bgc Foundation (EIN: 202707502) is a nonprofit organization based in Eastover, SC. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Richard Seymour Bgc Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Richard Seymour Bgc Foundation is a micro nonprofit, with 6 years of IRS 990 filings on record (2010–2015). Revenue has grown at a compound annual rate of 1.0%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $7K |
| Total Expenses | $8K |
| Surplus / Deficit | $-890 |
| Total Assets | $988 |
| Net Assets | $988 |
| Operating Margin | -12.7% |
| Months of Reserves | 1.5 months |
Financial Health Grade: C
In 2015, Richard Seymour Bgc Foundation reported a deficit of $890 with expenses exceeding revenue, holds 1.5 months of operating reserves (limited).
Financial Trends
Over 6 years of filings (2010–2015), Richard Seymour Bgc Foundation's revenue has grown at a compound annual growth rate (CAGR) of 1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | -32.6% | -59.5% | -47.4% |
| 2014 | +45.6% | -78.8% | -82.9% |
| 2013 | -37.1% | -11.4% | -88.5% |
| 2012 | +47.8% | +3.6% | -49.1% |
| 2011 | +15.2% | +6.4% | -32.9% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Richard Seymour Bgc Foundation with a Mission Score of 50 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Richard Seymour Bgc Foundation allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $890, with expenses exceeding revenue.
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all available filings, suggesting that no salaries were paid to officers, or if they were, they were not reported as such. This is consistent with the organization's overall financial decline and eventual dormancy.
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 Seymour Bgc Foundation's IRS 990 filings:
- Consistent and significant deficit spending across all reported periods (e.g., 2013 revenue $7,116 vs. expenses $91,770).
- Rapid depletion of assets from $280,186 in 2010 to $0 in the latest period.
- Latest filing shows $0 revenue and $0 assets, indicating dormancy or cessation of operations.
- Unknown NTEE code, which can sometimes hinder transparency and understanding of mission.
Strengths
The following positive indicators were identified for Richard Seymour Bgc Foundation:
- No reported officer compensation, suggesting volunteer leadership or a focus on minimizing administrative overhead in that area.
Frequently Asked Questions about Richard Seymour Bgc Foundation
Is Richard Seymour Bgc Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Richard Seymour Bgc Foundation (EIN: 202707502) some concerns. Mission Score: 50/100. 4 red flags identified, 1 strength noted.
How does Richard Seymour Bgc Foundation spend its money?
Detailed spending breakdown data is not yet available for Richard Seymour Bgc Foundation. Check back for updated IRS 990 analysis.
Are donations to Richard Seymour Bgc Foundation tax-deductible?
Richard Seymour Bgc Foundation is registered as a tax-exempt nonprofit (EIN: 202707502). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Richard Seymour Bgc Foundation located?
Richard Seymour Bgc Foundation is headquartered in Eastover, South Carolina and files with the IRS under EIN 202707502.
How many years of IRS 990 filings does Richard Seymour Bgc Foundation have?
Richard Seymour Bgc Foundation has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Is Richard Seymour Bgc Foundation still active?
Based on the latest IRS 990 data showing $0 in revenue and assets, the Richard Seymour Bgc Foundation appears to be inactive or defunct.
What caused the decline in assets?
The decline in assets from $280,186 in 2010 to $0 in the latest period was primarily caused by expenses consistently and significantly exceeding revenue. For example, in 2013, revenue was $7,116 while expenses were $91,770.
Did the organization ever pay its officers?
According to the IRS 990 filings, officer compensation was reported as 0% for all available periods, indicating no reported salaries for officers.
Filing History
IRS 990 filing history for Richard Seymour Bgc Foundation showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2010–2015), Richard Seymour Bgc Foundation's revenue has grown by 5.2%, moving from $7K to $7K. Total assets decreased by 99.6% over the same period, from $280K to $988. Total functional expenses fell by 91.6%, from $94K to $8K. In its most recent filing year (2015), Richard Seymour Bgc Foundation reported a deficit of $890, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $7K | $8K | $988 | $0 | — | View 990 |
| 2014 | $10K | $19K | $2K | $1 | — | View 990 |
| 2013 | $7K | $92K | $11K | $1 | — | View 990 |
| 2012 | $11K | $104K | $96K | $1 | — | View 990 |
| 2011 | $8K | $100K | $188K | $1 | — | View 990 |
| 2010 | $7K | $94K | $280K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $7K, expenses of $8K, and assets of $988 (revenue -32.6% year-over-year).
- 2014: Revenue of $10K, expenses of $19K, and assets of $2K (revenue +45.6% year-over-year).
- 2013: Revenue of $7K, expenses of $92K, and assets of $11K (revenue -37.1% year-over-year).
- 2012: Revenue of $11K, expenses of $104K, and assets of $96K (revenue +47.8% year-over-year).
- 2011: Revenue of $8K, expenses of $100K, and assets of $188K (revenue +15.2% year-over-year).
- 2010: Revenue of $7K, expenses of $94K, and assets of $280K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Richard Seymour Bgc Foundation:
Data Sources and Methodology
This transparency report for Richard Seymour Bgc 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.