Bent Creek Institute Inc
Nonprofit profile at a glance
- EIN
- 264768737
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990 2023, Form 990-EZ 2024
- Location
- Asheville, NC, USA
- Phone
- 8286652492
- Rating
- 70
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Research Institutes and Public Policy Analysis
Reported finances
- Revenue
- $111,829
- Expenses
- $58,769
- Assets
- $245,603
- Liabilities
- $66,664
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- Drake Fowler (President)
People named in this filing
- Drake Fowler (President)
- Greg Cumberford (Board Chair)
- Cheryl McMurry (Secretary/Treasurer)
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
Bent creek institute, inc. (bci), a non-profit research and economic development organization accelerates research, development, and production of safe plant derived wellness products in western North Carolina.
What it reported doing in 2024
In collaboration with the North Carolina arboretum (tnca), bci continued to manage botanical ingredient authentication and testing services at us botanical safety laboratory (usbsl). Usbsl also provided formulation services to small businesses, providing access to gmp compliant prototyping and manufacturing services. Usbsl maintained regional partnerships including with the bionetwork laboratory (a division of the community college system) to anchor an accessible hub for the production of value added products from wnc alternative agriculture. Usbsl also provided a valuable usfda new dietary ingredient notification (ndin) and related compliance services to various botanical products companies located or with operations in western North Carolina.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 64
- Transparency & Controls: 82
- Sustainability: 80
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 47.8%; rating input score 48
- Program expense ratio: 91%; rating input score 91
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 47.4%; rating input score 92; 92nd percentile among comparable filings
- Total-asset coverage ratio: 4.18; rating input score 94; 94th percentile among comparable filings
- Liabilities to assets ratio: 0.27; rating input score 15; 15th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -7.9% per year; rating input score 0; 6th percentile among comparable filings
- Asset growth: 0.8% per year; rating input score 100; 30th percentile among comparable filings
Details
- Where the money goes: 47.8% of revenue deployed · 91% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $53K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 8 of 8 current checks pass
- 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 — Financial Efficiency: Mission deployment rate scored 48/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 15/100.