The Bank Of New York Mellon Corporation Supplemental Unemploye
Organization consistently operates as a pass-through entity with zero assets and liabilities.
EIN: 20560694 · Pittsburgh, PA · NTEE: Y24 · Updated: 2026-03-28
Is The Bank Of New York Mellon Corporation Supplemental Unemploye Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Bank Of New York Mellon Corporation Supplemental Unemploye directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Bank Of New York Mellon Corporation Supplemental Unemploye
The Bank Of New York Mellon Corporation Supplemental Unemploye (EIN: 20560694) is a nonprofit organization based in Pittsburgh, PA, classified under NTEE code Y24. The organization reported total revenue of $90.1M and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Bank Of New York Mellon Corporation Supplemental Unemploye's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Bank Of New York Mellon Corporation Supplemental Unemploye is a major nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $107.1M |
| Total Expenses | $107.1M |
| Surplus / Deficit | +$0 |
| Total Assets | $0 |
| Net Assets | $0 |
| Operating Margin | 0.0% |
| Months of Reserves | 0.0 months |
Financial Health Grade: B
In 2023, The Bank Of New York Mellon Corporation Supplemental Unemploye reported a surplus of $0 with revenue exceeding expenses, holds 0.0 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2011–2023), The Bank Of New York Mellon Corporation Supplemental Unemploye's revenue has grown at a compound annual growth rate (CAGR) of 7.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +295.1% | +295.1% | — |
| 2022 | -43.5% | -43.5% | — |
| 2021 | -9.3% | -9.3% | — |
| 2020 | -40.6% | -40.6% | — |
| 2019 | +114.9% | +114.9% | — |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 The Bank Of New York Mellon Corporation Supplemental Unemploye with a Mission Score of 90 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: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, The Bank Of New York Mellon Corporation Supplemental Unemploye allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% 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 $0, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating no compensation is paid to officers, which is highly unusual for an organization managing significant funds and suggests an administrative structure outside of direct compensation.
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 The Bank Of New York Mellon Corporation Supplemental Unemploye's IRS 990 filings:
- Lack of detailed spending breakdown beyond total expenses
- Consistent zero assets and liabilities, which can obscure operational details for some types of organizations
Strengths
The following positive indicators were identified for The Bank Of New York Mellon Corporation Supplemental Unemploye:
- 100% program spending indicated by matched revenue and expenses
- Zero officer compensation reported across all filings
- Consistent financial balance with no reported deficits or surpluses
- High financial efficiency as all funds are disbursed within the reporting period
Frequently Asked Questions about The Bank Of New York Mellon Corporation Supplemental Unemploye
Is The Bank Of New York Mellon Corporation Supplemental Unemploye a legitimate charity?
Based on AI analysis of IRS 990 filings, The Bank Of New York Mellon Corporation Supplemental Unemploye (EIN: 20560694) some concerns. Mission Score: 90/100. 2 red flags identified, 4 strengths noted.
How does The Bank Of New York Mellon Corporation Supplemental Unemploye spend its money?
The Bank Of New York Mellon Corporation Supplemental Unemploye directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Bank Of New York Mellon Corporation Supplemental Unemploye tax-deductible?
The Bank Of New York Mellon Corporation Supplemental Unemploye is registered as a tax-exempt nonprofit (EIN: 20560694). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does The Bank Of New York Mellon Corporation Supplemental Unemploye manage its funds without reporting any assets or liabilities?
The organization appears to operate as a pure pass-through entity, receiving and disbursing funds within the same fiscal year, as evidenced by its perfectly matched revenue and expenses and consistent zero assets/liabilities across all filings.
What specific programs does this organization fund or operate?
Based on its name and NTEE code (Y24 - Employee or Volunteer Welfare, Benefits, or Compensation), it likely manages supplemental unemployment benefits. However, the provided IRS 990 summary data does not detail specific program names or beneficiaries.
Is the organization truly transparent given the lack of detailed financial breakdowns?
While the consistent matching of revenue and expenses and zero officer compensation suggest a transparent pass-through model, the absence of detailed breakdowns for program, administrative, or fundraising expenses in the provided data limits a deeper analysis of spending efficiency.
Who are the officers or key personnel if no officer compensation is reported?
The filings indicate 0% officer compensation, suggesting that either the officers are uncompensated volunteers, or their compensation is handled through a related entity, or the organization's structure does not involve directly compensated officers as defined by the 990.
Filing History
IRS 990 filing history for The Bank Of New York Mellon Corporation Supplemental Unemploye showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Bank Of New York Mellon Corporation Supplemental Unemploye's revenue has grown by 149.7%, moving from $42.9M to $107.1M. Total functional expenses rose by 149.7%, from $42.9M to $107.1M. In its most recent filing year (2023), The Bank Of New York Mellon Corporation Supplemental Unemploye reported a surplus of $0, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $107.1M | $107.1M | $0 | $0 | — | — |
| 2022 | $27.1M | $27.1M | $0 | $0 | — | View 990 |
| 2021 | $48.0M | $48.0M | $0 | $0 | — | View 990 |
| 2020 | $52.9M | $52.9M | $0 | $0 | — | View 990 |
| 2019 | $89.1M | $89.1M | $0 | $0 | — | View 990 |
| 2018 | $41.5M | $41.5M | $0 | $0 | — | View 990 |
| 2017 | $32.2M | $32.2M | $1 | $0 | — | — |
| 2016 | $41.2M | $41.2M | $0 | $0 | — | View 990 |
| 2015 | $32.6M | $32.6M | $0 | $0 | — | View 990 |
| 2014 | $48.6M | $48.6M | $0 | $0 | — | View 990 |
| 2013 | $31.4M | $31.4M | $0 | $0 | — | View 990 |
| 2012 | $36.6M | $36.6M | $0 | $0 | — | View 990 |
| 2011 | $42.9M | $42.9M | $0 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $107.1M, expenses of $107.1M, and assets of $0 (revenue +295.1% year-over-year).
- 2022: Revenue of $27.1M, expenses of $27.1M, and assets of $0 (revenue -43.5% year-over-year).
- 2021: Revenue of $48.0M, expenses of $48.0M, and assets of $0 (revenue -9.3% year-over-year).
- 2020: Revenue of $52.9M, expenses of $52.9M, and assets of $0 (revenue -40.6% year-over-year).
- 2019: Revenue of $89.1M, expenses of $89.1M, and assets of $0 (revenue +114.9% year-over-year).
- 2018: Revenue of $41.5M, expenses of $41.5M, and assets of $0 (revenue +28.6% year-over-year).
- 2017: Revenue of $32.2M, expenses of $32.2M, and assets of $1 (revenue -21.8% year-over-year).
- 2016: Revenue of $41.2M, expenses of $41.2M, and assets of $0 (revenue +26.5% year-over-year).
- 2015: Revenue of $32.6M, expenses of $32.6M, and assets of $0 (revenue -32.9% year-over-year).
- 2014: Revenue of $48.6M, expenses of $48.6M, and assets of $0 (revenue +54.8% year-over-year).
- 2013: Revenue of $31.4M, expenses of $31.4M, and assets of $0 (revenue -14.3% year-over-year).
- 2012: Revenue of $36.6M, expenses of $36.6M, and assets of $0 (revenue -14.7% year-over-year).
- 2011: Revenue of $42.9M, expenses of $42.9M, and assets of $0.
Data Sources and Methodology
This transparency report for The Bank Of New York Mellon Corporation Supplemental Unemploye 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.