Richard C Bane Family Foundation Inc
Only null% goes to programs Strong reserves Declining revenue
Richard C Bane Family Foundation Inc is a 501(c)(3) organization based in Salem, Massachusetts, registered in 2005, with $1,716 in FY2024 revenue. CharityIndex grades it F.
530 Loring Ave, Salem, MA, 01970 EIN 20-2631721 Since 2005
Revenue (FY2024)
$1,716
▲ 13.9% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$12K
Net assets
$58K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Richard C Bane Family Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating59 mo reserves · -590% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Richard C Bane Family Foundation Inc: 59 mo reserves · -590% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Richard C Bane Family Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Richard C Bane Family Foundation Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 530 Loring Ave, Salem, MA, 01970
- City
- Salem
- State
- Massachusetts
- Subcategory
- Private Foundations
Financial trends
Revenue declined from $9,387 (FY2013) to $1,716 (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $58KNet assets $58K
Operating margin
-590.3%
Spent more than it raised in the latest fiscal year.
Total assets
$116K
Total liabilities
$58K
Net assets
$58K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,716▲13.9% | $11,846▲36.1% | $58,450▲105% | $116,467▲6.0% | 990PF |
| 2023 | $1,506▼82.2% | $8,703▼13.8% | $28,548▼10.8% | $109,920▲30.3% | 990PF |
| 2022 | $8,484▲82.3% | $10,101▼3.8% | $31,991▼4.8% | $84,384▼16.6% | 990PF |
| 2021 | $4,653▲163% | $10,497▼23.3% | $33,607▼14.8% | $101,135▲156% | 990PF |
| 2020 | $1,770▼14.1% | $13,688▲38.6% | $39,452▼15.8% | $39,452▼15.8% | 990PF |
| 2019 | $2,060▲86.9% | $9,876▼37.3% | $46,843▼15.9% | $46,843▼15.9% | 990PF |
| 2018 | $1,102▼70.2% | $15,747▼15.8% | $55,672▼17.1% | $55,672▼17.1% | 990PF |
| 2017 | $3,704▲25.4% | $18,698▲50.5% | $67,151▼18.9% | $67,151▼18.9% | 990PF |
| 2016 | $2,954▼8.0% | $12,426▲30.7% | $82,841▼13.1% | $82,841▼13.1% | 990PF |
| 2015 | $3,210▼86.1% | $9,506▼45.7% | $95,342▼13.0% | $95,342▼13.0% | 990PF |
| 2014 | $23,163▲147% | $17,510▲10.7% | $109,647▲5.4% | $109,647▲5.4% | 990PF |
| 2013 | $9,387 | $15,811▼10.1% | $103,994▼5.8% | $103,994▼5.8% | 990PF |
| 2012 | — | $17,597▼33.1% | $110,418▼10.9% | $110,418▼10.9% | 990PF |
| 2011 | — | $26,293▲12.0% | $123,966▼15.9% | $123,966▼15.9% | 990PF |
| 2010 | — | $23,473 | $147,367 | $147,367 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Richard C Bane Family Foundation Inc a legitimate nonprofit?
- Yes. Richard C Bane Family Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 20-2631721, based in Salem, Massachusetts. Donations are tax-deductible.
- What is Richard C Bane Family Foundation Inc's EIN?
- Richard C Bane Family Foundation Inc's Employer Identification Number (EIN) is 20-2631721.
- How much revenue does Richard C Bane Family Foundation Inc report?
- Richard C Bane Family Foundation Inc reported $1,716 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Richard C Bane Family Foundation Inc have?
- CharityIndex grades Richard C Bane Family Foundation Inc F, based on financial health (reserves and operating margin).
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Data for Richard C Bane Family Foundation Inc (EIN 20-2631721) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.