Bradenton Area Edc Foundation Inc
Nonprofit profile at a glance
- EIN
- 830754354
- IRS 990-EZ coverage
- 2018–2024
- Forms available
- Form 990-EZ 2024
- Location
- Bradenton, FL, USA
- Phone
- 9417484842
- Rating
- 68
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Human Service Organizations
Reported finances
- Revenue
- $10,100
- Expenses
- $4,541
- Assets
- $27,922
- Liabilities
- $2,800
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- SHARON HILLSTROM (PRESIDENT AND CEO)
People named in this filing
- CHRIS CIANFAGLIONE (TREASURER)
- ANDREW STULTZ (CHAIR ELECT)
- KAREN HOLBROOK (CHAIR)
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
Creation of entrepreneurship programs in middle school, high school, collelge and university levels in collaboration with educational partners in the region to develop and support programs that will provide technical assistance, mentorship and training to grow and nuture current and future entrepreneurs in key, high impact business sectors.
What it reported doing in 2024
Development of programs, research and other activities related to the purpose
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 38
- Transparency & Controls: 100
- Sustainability: 77
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 25.5%; rating input score 26
- Program expense ratio: 56.8%; rating input score 57
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 55%; rating input score 92; 92nd percentile among comparable filings
- Total-asset coverage ratio: 6.15; rating input score 87; 87th percentile among comparable filings
- Liabilities to assets ratio: 0.1; rating input score 17; 17th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 52.5% per year; rating input score 100; 93rd percentile among comparable filings
- Revenue growth: 1.1% per year; rating input score 100; 56th percentile among comparable filings
- Asset growth: 26% per year; rating input score 100; 90th percentile among comparable filings
Details
- Where the money goes: 25.5% of revenue deployed · 56.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $3K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 7 filing years from 2018 to 2024
- 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.
- High — Financial Efficiency: Mission deployment rate scored 26/100.
- Review — Financial Efficiency: Program expense ratio scored 57/100.
- High — Sustainability: Liabilities to assets ratio scored 17/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.