Vbs Foundation Inc

Vbs Foundation Inc maintains stable assets and zero reported officer compensation amidst fluctuating revenues.

EIN: 134117395 · Belmont, MA · NTEE: T22 · Updated: 2026-03-28

$7.2MRevenue

$12.0MAssets

85/100Mission Score (Excellent)

T22

About Vbs Foundation Inc

Vbs Foundation Inc (EIN: 134117395) is a nonprofit organization based in Belmont, MA, classified under NTEE code T22. The organization reported total revenue of $7.2M and total assets of $12.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Vbs Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Vbs Foundation Inc demonstrates a generally stable financial position with consistent asset levels over the past decade, currently holding $12,035,378 in assets. The organization has shown fluctuating revenue, with a notable recent high of $1,284,214 in 2022, but also periods of negative revenue, such as -$68,376 in 2020. Despite these fluctuations, expenses have remained relatively consistent, typically in the range of $500,000 to $700,000 annually. The consistent reporting of 0% officer compensation across all available filings indicates a strong commitment to minimizing administrative overhead related to executive pay, which is a positive sign for spending efficiency. The organization's NTEE code T22 suggests a focus on philanthropic foundations, which often involves grant-making rather than direct program delivery, influencing how 'program spending' is interpreted. The lack of detailed expense breakdowns in the provided data makes a precise assessment of program spending efficiency challenging, but the absence of officer compensation is a strong indicator of fiscal prudence in that area.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Vbs Foundation Inc with a Mission Score of 85 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: 10%
programs: 90%
fundraising: 0%

According to IRS 990 filings, Vbs Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive compensation from the organization. This is highly favorable, especially for an organization with assets exceeding $12 million, suggesting a strong dedication to directing resources towards its mission rather than executive salaries.

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 Vbs Foundation Inc's IRS 990 filings:

Periods of negative revenue, indicating potential investment losses or significant asset revaluations.
Lack of detailed expense breakdown in provided data makes precise program efficiency analysis difficult.

Strengths

The following positive indicators were identified for Vbs Foundation Inc:

Consistent reporting of 0% officer compensation, indicating high efficiency in executive pay.
Stable and substantial asset base (over $12 million), providing financial resilience.
Expenses remain relatively controlled despite revenue fluctuations.

Frequently Asked Questions about Vbs Foundation Inc

What is the primary use of the organization's assets, given its NTEE code T22 (Philanthropic Foundations)?

As a philanthropic foundation, Vbs Foundation Inc's assets are likely primarily used for investment purposes to generate income for grant-making activities, rather than for direct operational programs. The consistent asset base suggests a long-term endowment strategy.

How does the organization manage periods of negative revenue, such as -$68,376 in 2020 and -$240,617 in 2015?

Negative revenue periods suggest that investment losses or significant asset revaluations occurred. The organization's substantial asset base (over $8 million even in those years) likely provides a buffer to absorb these fluctuations without severely impacting its ability to cover expenses.

What are the specific program activities or grants made by Vbs Foundation Inc?

The provided data does not detail specific program activities or grant recipients. Further investigation into their Form 990, Part XV (Grants and Other Assistance to Organizations and Individuals) would be necessary to understand their programmatic impact.

Filing History

IRS 990 filing history for Vbs Foundation Inc showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Vbs Foundation Inc's revenue has declined by 54.1%, moving from $1.7M to $801K. Total assets decreased by 12% over the same period, from $11.4M to $10.0M. Total functional expenses rose by 2.6%, from $682K to $699K. In its most recent filing year (2023), Vbs Foundation Inc reported a surplus of $101K, with revenue exceeding expenses. The organization holds $28K in liabilities against $10.0M in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $10.0M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$801K	$699K	$10.0M	$28K	—	—
2022	$1.3M	$582K	$9.9M	$28K	—	View 990
2021	$1.1M	$586K	$9.2M	$28K	—	View 990
2020	$-68,376	$629K	$8.7M	$28K	—	View 990
2019	$165K	$576K	$9.4M	$28K	—	—
2015	$-240,617	$410K	$9.4M	$18K	—	View 990
2014	$-566,387	$471K	$10.0M	$29K	—	View 990
2013	$-62,945	$458K	$11.1M	$1	—	View 990
2012	$805K	$580K	$11.6M	$1	—	View 990
2011	$1.7M	$682K	$11.4M	$1	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $801K, expenses of $699K, and assets of $10.0M (revenue -37.6% year-over-year).
2022: Revenue of $1.3M, expenses of $582K, and assets of $9.9M (revenue +15.4% year-over-year).
2021: Revenue of $1.1M, expenses of $586K, and assets of $9.2M.
2020: Revenue of $-68,376, expenses of $629K, and assets of $8.7M (revenue -141.4% year-over-year).
2019: Revenue of $165K, expenses of $576K, and assets of $9.4M.
2015: Revenue of $-240,617, expenses of $410K, and assets of $9.4M.
2014: Revenue of $-566,387, expenses of $471K, and assets of $10.0M.
2013: Revenue of $-62,945, expenses of $458K, and assets of $11.1M (revenue -107.8% year-over-year).
2012: Revenue of $805K, expenses of $580K, and assets of $11.6M (revenue -53.9% year-over-year).
2011: Revenue of $1.7M, expenses of $682K, and assets of $11.4M.

Data Sources and Methodology

This transparency report for Vbs 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.