William C Bullock Jr Family Foundation
William C Bullock Jr Family Foundation faces severe financial instability with consistent deficit spending and declining assets.
EIN: 16080947 · Bridgeport, CT · Updated: 2026-03-28
Is William C Bullock Jr Family Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About William C Bullock Jr Family Foundation
William C Bullock Jr Family Foundation (EIN: 16080947) is a nonprofit organization based in Bridgeport, CT. The organization reported total revenue of $11K and total assets of $1 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of William C Bullock Jr Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
William C Bullock Jr Family Foundation is a micro nonprofit that has been operating for 39 years, with 6 years of IRS 990 filings on record (2012–2019).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | -236.1% | +48.8% | +37.7% |
| 2016 | +33.7% | -18.2% | -12.1% |
| 2015 | -49.0% | -7.4% | -10.9% |
| 2014 | -30.8% | +35.7% | -12.1% |
| 2013 | +94.6% | +12.7% | -2.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 William C Bullock Jr Family Foundation with a Mission Score of 20 out of 100 (Poor). 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: 0%
- fundraising: 0%
According to IRS 990 filings, William C Bullock Jr Family Foundation allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all available filing periods, indicating that the organization does not pay its officers, which is a positive in terms of not diverting funds to 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 William C Bullock Jr Family Foundation's IRS 990 filings:
- Consistent negative net revenue across multiple filing periods (e.g., $-24,564 in 201904).
- Expenses consistently exceeding revenue (e.g., $79,261 expenses vs. $-24,564 revenue in 201904).
- Significant decline in assets from $345,149 in 201204 to $1 in the latest reported data.
- Latest reported assets of only $1, indicating potential insolvency or cessation of significant operations.
Strengths
The following positive indicators were identified for William C Bullock Jr Family Foundation:
- No officer compensation reported, indicating that executive salaries are not a drain on resources.
Frequently Asked Questions about William C Bullock Jr Family Foundation
Is William C Bullock Jr Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, William C Bullock Jr Family Foundation (EIN: 16080947) significant concerns. Mission Score: 20/100. 4 red flags identified, 1 strength noted.
How does William C Bullock Jr Family Foundation spend its money?
Detailed spending breakdown data is not yet available for William C Bullock Jr Family Foundation. Check back for updated IRS 990 analysis.
Are donations to William C Bullock Jr Family Foundation tax-deductible?
William C Bullock Jr Family Foundation is registered as a tax-exempt nonprofit (EIN: 16080947). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why has the organization consistently reported negative net revenue?
The filings show that expenses have consistently exceeded revenue, for example, in 201904, expenses were $79,261 while revenue was $-24,564. This indicates a fundamental imbalance in its financial operations.
What caused the drastic drop in assets to $1 from over $300,000?
The provided data shows a decline from $345,149 in 201204 to $320,355 in 201904, and then a reported $1 in the latest data. This significant reduction suggests a major liquidation or transfer of assets, or a severe financial event that warrants further investigation.
Is the organization still operational given its current financial state?
With reported assets of $1 and consistent deficit spending, the operational status and ability to fulfill its mission are highly questionable.
Filing History
IRS 990 filing history for William C Bullock Jr Family Foundation showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2012–2019), William C Bullock Jr Family Foundation's revenue has declined by 224.8%, moving from $20K to $-24,564. Total assets decreased by 7.2% over the same period, from $345K to $320K. Total functional expenses rose by 72.3%, from $46K to $79K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $-24,564 | $79K | $320K | $0 | — | View 990 |
| 2016 | $18K | $53K | $233K | $0 | — | View 990 |
| 2015 | $14K | $65K | $265K | $0 | — | View 990 |
| 2014 | $26K | $70K | $297K | $0 | — | View 990 |
| 2013 | $38K | $52K | $338K | $0 | — | View 990 |
| 2012 | $20K | $46K | $345K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $-24,564, expenses of $79K, and assets of $320K (revenue -236.1% year-over-year).
- 2016: Revenue of $18K, expenses of $53K, and assets of $233K (revenue +33.7% year-over-year).
- 2015: Revenue of $14K, expenses of $65K, and assets of $265K (revenue -49.0% year-over-year).
- 2014: Revenue of $26K, expenses of $70K, and assets of $297K (revenue -30.8% year-over-year).
- 2013: Revenue of $38K, expenses of $52K, and assets of $338K (revenue +94.6% year-over-year).
- 2012: Revenue of $20K, expenses of $46K, and assets of $345K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for William C Bullock Jr Family Foundation:
Data Sources and Methodology
This transparency report for William C Bullock Jr 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.