Will And Elena Barnet Foundation Inc
EIN: 452280518 · Sebasco Estates, ME · NTEE: T23
| Metric | Value |
|---|---|
| Total Revenue | $219K |
| Total Expenses | $50K |
| Net Assets | $1.1M |
Is Will And Elena Barnet Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Will And Elena Barnet Foundation Inc
Will And Elena Barnet Foundation Inc (EIN: 452280518) is a nonprofit organization based in Sebasco Estates, ME, classified under NTEE code T23. The organization reported total revenue of $219K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Will And Elena Barnet Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Will And Elena Barnet Foundation Inc is a small nonprofit that has been operating for 15 years, with 10 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -117.9% | -9.8% | -4.5% |
| 2022 | +28.7% | +10.3% | -1.0% |
| 2020 | -113.0% | +17.8% | -4.1% |
| 2019 | -96.1% | +227.0% | +1.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Will And Elena Barnet Foundation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Will And Elena Barnet Foundation Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 1.6%.
Frequently Asked Questions about Will And Elena Barnet Foundation Inc
Is Will And Elena Barnet Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Will And Elena Barnet Foundation Inc (EIN: 452280518) insufficient data. 0 red flags identified, 0 strengths noted.
How does Will And Elena Barnet Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Will And Elena Barnet Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Will And Elena Barnet Foundation Inc tax-deductible?
Will And Elena Barnet Foundation Inc is registered as a tax-exempt nonprofit (EIN: 452280518). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Will And Elena Barnet Foundation Inc located?
Will And Elena Barnet Foundation Inc is headquartered in Sebasco Estates, Maine and files with the IRS under EIN 452280518. It is classified under NTEE code T23.
How many years of IRS 990 filings does Will And Elena Barnet Foundation Inc have?
Will And Elena Barnet 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 $219K in total revenue.
Filing History
IRS 990 filing history for Will And Elena Barnet Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Will And Elena Barnet Foundation Inc's revenue has declined by 1504.1%, moving from $850 to $-11,935. Total assets increased by 110611700% over the same period, from $1 to $1.1M. Total functional expenses rose by 5756.8%, from $850 to $50K. The organization holds $17K in liabilities against $1.1M in assets (debt-to-asset ratio: 1.6%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-11,935 | $50K | $1.1M | $17K | — | View 990 |
| 2022 | $67K | $55K | $1.2M | $8K | — | View 990 |
| 2021 | $52K | $50K | $1.2M | $32K | — | — |
| 2020 | $-4,518 | $56K | $1.2M | $21K | — | — |
| 2019 | $35K | $47K | $1.2M | $10K | — | View 990 |
| 2015 | $893K | $15K | $1.2M | $3K | — | View 990 |
| 2014 | $13K | $15K | $307K | $1 | — | View 990 |
| 2013 | $112K | $12K | $309K | $1 | — | View 990 |
| 2012 | $209K | $24 | $209K | $1 | — | View 990 |
| 2011 | $850 | $850 | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-11,935, expenses of $50K, and assets of $1.1M (revenue -117.9% year-over-year).
- 2022: Revenue of $67K, expenses of $55K, and assets of $1.2M (revenue +28.7% year-over-year).
- 2021: Revenue of $52K, expenses of $50K, and assets of $1.2M.
- 2020: Revenue of $-4,518, expenses of $56K, and assets of $1.2M (revenue -113.0% year-over-year).
- 2019: Revenue of $35K, expenses of $47K, and assets of $1.2M (revenue -96.1% year-over-year).
- 2015: Revenue of $893K, expenses of $15K, and assets of $1.2M (revenue +6596.3% year-over-year).
- 2014: Revenue of $13K, expenses of $15K, and assets of $307K (revenue -88.1% year-over-year).
- 2013: Revenue of $112K, expenses of $12K, and assets of $309K (revenue -46.3% year-over-year).
- 2012: Revenue of $209K, expenses of $24, and assets of $209K (revenue +24480.4% year-over-year).
- 2011: Revenue of $850, expenses of $850, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Will And Elena Barnet Foundation Inc:
Data Sources and Methodology
This transparency report for Will And Elena Barnet 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.