The Barnes Family Foundation

Barnes Family Foundation consistently spends more than it earns, leading to declining assets.

EIN: 204643353 · Tulsa, OK · NTEE: T20 · Updated: 2026-03-28

$233KRevenue

$164KAssets

45/100Mission Score (Fair)

T20

About The Barnes Family Foundation

The Barnes Family Foundation (EIN: 204643353) is a nonprofit organization based in Tulsa, OK, classified under NTEE code T20. The organization reported total revenue of $233K and total assets of $164K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Barnes Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Barnes Family Foundation exhibits a concerning financial trend, with expenses frequently exceeding revenue, particularly in recent years. For instance, in 2023, the organization reported revenue of $25,929 against expenses of $132,994, indicating a significant deficit. This pattern of spending more than it takes in is a long-standing issue, as seen in 2012 where revenue was $118,775 but expenses were $358,972. While the organization consistently reports zero officer compensation, which is a positive for minimizing administrative overhead, the overall financial health appears precarious due to persistent operating losses and a declining asset base from a high of $320,402 in 2011 to $49,581 in 2023. The lack of detailed spending breakdowns in the provided data makes it difficult to assess spending efficiency beyond the top-line figures, but the consistent deficits suggest an unsustainable financial model without significant changes in revenue generation or expense management. The organization's transparency regarding executive compensation is excellent, but the broader financial picture raises questions about long-term viability.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates The Barnes Family Foundation with a Mission Score of 45 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: 15%
programs: 75%
fundraising: 10%

According to IRS 990 filings, The Barnes Family Foundation allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all filings, indicating that no officers or key employees are drawing salaries, which is highly efficient for minimizing administrative costs.

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 Barnes Family Foundation's IRS 990 filings:

Consistent operating deficits (expenses exceeding revenue), e.g., $132,994 expenses vs. $25,929 revenue in 2023.
Significant decline in total assets over time, from $320,402 in 2011 to $49,581 in 2023.
High expense-to-revenue ratio in multiple periods, indicating financial instability.

Strengths

The following positive indicators were identified for The Barnes Family Foundation:

Zero officer compensation reported across all filings, indicating efficient use of funds for leadership.
Low liabilities reported consistently ($0 or $1), suggesting minimal debt burden.

Frequently Asked Questions about The Barnes Family Foundation

Is The Barnes Family Foundation financially sustainable?

Based on the provided data, the foundation's financial sustainability is questionable. It has consistently reported expenses exceeding revenue in most years, leading to a significant decline in assets from $320,402 in 2011 to $49,581 in 2023. This trend suggests an unsustainable operating model.

What is the reason for the significant decline in assets?

The decline in assets is primarily due to the foundation's consistent pattern of spending more than its revenue. For example, in 2023, expenses were $132,994 while revenue was only $25,929, contributing to the asset reduction.

How does the foundation cover its operating deficits?

The foundation appears to cover its operating deficits by drawing down its existing assets. This is evident from the continuous decrease in total assets over the years, from $320,402 in 2011 to $49,581 in 2023.

What is the foundation's strategy for increasing revenue or reducing expenses?

The provided IRS 990 data does not detail specific strategies for revenue generation or expense reduction. However, the consistent deficits suggest that current strategies are insufficient to achieve financial stability.

Filing History

IRS 990 filing history for The Barnes Family Foundation showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), The Barnes Family Foundation's revenue has declined by 67.9%, moving from $81K to $26K. Total assets decreased by 84.5% over the same period, from $320K to $50K. Total functional expenses fell by 29.2%, from $188K to $133K. In its most recent filing year (2023), The Barnes Family Foundation reported a deficit of $107K, with expenses exceeding revenue. The organization holds $1 in liabilities against $50K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $50K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$26K	$133K	$50K	$1	—	—
2022	$16K	$12K	$42K	$1	—	View 990
2021	$32K	$71K	$39K	$1	—	—
2020	$99K	$77K	$36K	$1	—	—
2019	$126K	$131K	$15K	$1	—	View 990
2015	$119K	$158K	$210K	$1	—	View 990
2014	$115K	$123K	$249K	$1	—	View 990
2013	$77K	$301K	$258K	$0	—	View 990
2012	$119K	$359K	$283K	$0	—	View 990
2011	$81K	$188K	$320K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $26K, expenses of $133K, and assets of $50K (revenue +66.4% year-over-year).
2022: Revenue of $16K, expenses of $12K, and assets of $42K (revenue -50.7% year-over-year).
2021: Revenue of $32K, expenses of $71K, and assets of $39K (revenue -68.1% year-over-year).
2020: Revenue of $99K, expenses of $77K, and assets of $36K (revenue -21.4% year-over-year).
2019: Revenue of $126K, expenses of $131K, and assets of $15K (revenue +5.9% year-over-year).
2015: Revenue of $119K, expenses of $158K, and assets of $210K (revenue +3.5% year-over-year).
2014: Revenue of $115K, expenses of $123K, and assets of $249K (revenue +48.2% year-over-year).
2013: Revenue of $77K, expenses of $301K, and assets of $258K (revenue -34.8% year-over-year).
2012: Revenue of $119K, expenses of $359K, and assets of $283K (revenue +46.8% year-over-year).
2011: Revenue of $81K, expenses of $188K, and assets of $320K.

Data Sources and Methodology

This transparency report for The Barnes Family 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.