Simon Bolivar Foundation Inc
Simon Bolivar Foundation Inc. shows inconsistent financial performance with recent deficits and fluctuating assets.
EIN: 205787382 · Houston, TX · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.6M |
| Total Expenses | $8.2M |
| Program Spending | 70% |
| Net Assets | $959K |
| Transparency Score | 70/100 |
Is Simon Bolivar Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Simon Bolivar Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Simon Bolivar Foundation Inc
Simon Bolivar Foundation Inc (EIN: 205787382) is a nonprofit organization based in Houston, TX, classified under NTEE code T20. The organization reported total revenue of $7.6M and total assets of $4.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Simon Bolivar Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Simon Bolivar Foundation Inc is a mid-size nonprofit that has been operating for 10 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.8M |
| Total Expenses | $8.2M |
| Surplus / Deficit | $-371,227 |
| Total Assets | $3.6M |
| Total Liabilities | $2.6M |
| Net Assets | $959K |
| Operating Margin | -4.7% |
| Debt-to-Asset Ratio | 73.3% |
| Months of Reserves | 5.3 months |
Financial Health Grade: C
In 2023, Simon Bolivar Foundation Inc reported a deficit of $371K with expenses exceeding revenue, holds 5.3 months of operating reserves (adequate), has a debt-to-asset ratio of 73.3% (high leverage).
Financial Trends
Over 10 years of filings (2011–2023), Simon Bolivar Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +100.1% | +101.5% | +29.2% |
| 2022 | +90.6% | +19.5% | -30.4% |
| 2021 | -54.5% | -9.2% | -5.3% |
| 2020 | +348.9% | +9.2% | +28.4% |
| 2019 | -93.0% | -77.0% | -78.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
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 Simon Bolivar Foundation Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Simon Bolivar Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $371K, with expenses exceeding revenue.
- Debt-to-asset ratio: 73.3%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers received compensation from the organization. This suggests a highly volunteer-driven leadership structure or that compensation is covered by an affiliated entity, which is a significant positive for minimizing 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 Simon Bolivar Foundation Inc's IRS 990 filings:
- Consistent operational deficits in recent years (e.g., 202312, 202212, 202112)
- Significant fluctuations in revenue and assets over the filing history, indicating potential instability.
Strengths
The following positive indicators were identified for Simon Bolivar Foundation Inc:
- Consistent reporting of 0% officer compensation, indicating low executive overhead.
- Long filing history (10 filings) demonstrates commitment to compliance and transparency.
- Ability to generate substantial revenue in certain periods (e.g., $14.2M in 201512).
Frequently Asked Questions about Simon Bolivar Foundation Inc
Is Simon Bolivar Foundation Inc a legitimate charity?
Simon Bolivar Foundation Inc (EIN: 205787382) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 70/100. It has 10 years of IRS 990 filings on record. Total revenue: $7.6M. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does Simon Bolivar Foundation Inc spend its money?
Simon Bolivar Foundation Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Simon Bolivar Foundation Inc tax-deductible?
Simon Bolivar Foundation Inc is registered as a tax-exempt nonprofit (EIN: 205787382). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Simon Bolivar Foundation Inc's spending goes to programs?
Simon Bolivar Foundation Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Simon Bolivar Foundation Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Simon Bolivar Foundation Inc 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 Simon Bolivar Foundation Inc located?
Simon Bolivar Foundation Inc is headquartered in Houston, Texas and files with the IRS under EIN 205787382. It is classified under NTEE code T20.
How many years of IRS 990 filings does Simon Bolivar Foundation Inc have?
Simon Bolivar Foundation Inc 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 $7.6M in total revenue.
Is Simon Bolivar Foundation Inc. financially stable?
The organization's financial stability appears inconsistent. While it has periods of strong revenue, recent filings (202312, 202212, 202112) show expenses exceeding revenue, indicating operational deficits. Assets have also fluctuated significantly over time.
What is the trend in the organization's assets?
Assets have shown a downward trend in recent years, decreasing from $4,220,209 in 202012 to $3,591,933 in 202312, after reaching a high of $15,032,301 in 201512.
How does the organization manage executive compensation?
The organization consistently reports 0% officer compensation in all available IRS 990 filings, suggesting that its officers do not receive direct compensation from the foundation.
Filing History
IRS 990 filing history for Simon Bolivar Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Simon Bolivar Foundation Inc's revenue has declined by 30.1%, moving from $11.2M to $7.8M. Total assets decreased by 71.7% over the same period, from $12.7M to $3.6M. Total functional expenses fell by 26.2%, from $11.1M to $8.2M. In its most recent filing year (2023), Simon Bolivar Foundation Inc reported a deficit of $371K, with expenses exceeding revenue. The organization holds $2.6M in liabilities against $3.6M in assets (debt-to-asset ratio: 73.3%), resulting in net assets of $959K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.8M | $8.2M | $3.6M | $2.6M | — | View 990 |
| 2022 | $3.9M | $4.1M | $2.8M | $1.5M | — | View 990 |
| 2021 | $2.1M | $3.4M | $4.0M | $2.5M | — | View 990 |
| 2020 | $4.5M | $3.7M | $4.2M | $1.4M | — | View 990 |
| 2019 | $1.0M | $3.4M | $3.3M | $1.2M | — | View 990 |
| 2015 | $14.2M | $14.9M | $15.0M | $6.7M | — | View 990 |
| 2014 | $13.9M | $8.1M | $11.7M | $2.7M | — | View 990 |
| 2013 | $13.4M | $11.8M | $5.4M | $2.2M | — | View 990 |
| 2012 | $12K | $9.1M | $4.5M | $2.9M | — | View 990 |
| 2011 | $11.2M | $11.1M | $12.7M | $1.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.8M, expenses of $8.2M, and assets of $3.6M (revenue +100.1% year-over-year).
- 2022: Revenue of $3.9M, expenses of $4.1M, and assets of $2.8M (revenue +90.6% year-over-year).
- 2021: Revenue of $2.1M, expenses of $3.4M, and assets of $4.0M (revenue -54.5% year-over-year).
- 2020: Revenue of $4.5M, expenses of $3.7M, and assets of $4.2M (revenue +348.9% year-over-year).
- 2019: Revenue of $1.0M, expenses of $3.4M, and assets of $3.3M (revenue -93.0% year-over-year).
- 2015: Revenue of $14.2M, expenses of $14.9M, and assets of $15.0M (revenue +2.6% year-over-year).
- 2014: Revenue of $13.9M, expenses of $8.1M, and assets of $11.7M (revenue +3.7% year-over-year).
- 2013: Revenue of $13.4M, expenses of $11.8M, and assets of $5.4M (revenue +112407.3% year-over-year).
- 2012: Revenue of $12K, expenses of $9.1M, and assets of $4.5M (revenue -99.9% year-over-year).
- 2011: Revenue of $11.2M, expenses of $11.1M, and assets of $12.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Simon Bolivar Foundation Inc:
Data Sources and Methodology
This transparency report for Simon Bolivar Foundation Inc 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.