Bac Local 2 Nyvt Charitable Fund Inc
Nonprofit profile at a glance
- EIN
- 932370004
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2023
- Location
- Albany, NY, USA
- Phone
- 5184565477
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Fund Raising and Fund Distribution
Reported finances
- Revenue
- $14,947
- Expenses
- $2,460
- Assets
- $35,443
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
1 person listed
People named in this filing
- PASQUALE TIRINO (UNION TRUSTEE)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The purpose of the charitable fund is to raising funds and making distributions of such funds to religious, educational, scientific, literary, medical and other organizations that are operated in the public interest and qualify as exempt organizations under section 501(c)(3) of the internal revenue code, or the corresponding section of any future federal tax code. Notwithstanding the foregoing and without limitation thereof, the corporation may grant scholarships for the purpose of helping eligible young men and women achieve a college education as well as make assistance grants to individuals in need.
What it reported doing in 2024
The purpose of the charitable corp is to provide financial assistance to other charitable organizations exempt from federal income tax under section 501(c)(3); provide programs and events to benefit the welfare of people in the local area, or for other programs and events furthering the purposes of the charitable corp; provide financial aid and assistance to any needy and deserving individual or individuals without regard to race, nationality, sex, color, or creed; doing any other act or thing incidental to or connected with the foregoing purposes of in advancement thereof, both as a separate organization and in cooperation with other tax exempt organizations. Organization makes charitable contributions to program and events that benefit the welfare of the people in local areas.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filed totals do not add up and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 82
- Sustainability: 88
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 83.5%; rating input score 98; 98th percentile among comparable filings
- Total-asset coverage ratio: 14.41; rating input score 94; 94th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $89K in reported program spending
- Leadership: top reported pay $0 · 1 people listed
- Consistency: 7 of 8 current checks pass · 1 finding to review
- Schedules: 2 filed schedules
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Transparency & Controls: Part III program expenses within total did not reconcile in the filed values.
- Review — Sustainability: Officer compensation ratio scored 56/100.