Bh Fund FY2020 filing

Arlington, VAUnknown exempt organizationEIN 81-1263832

To promote the rule of law and limited, constitutional government.

64¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $3.9M a year · 3656% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
64%
of spending
Worth a look: 64% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
17 mo
of spending, in cash
Looks good: 17.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 2 voting members
Looks good: 2 of 2 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$181K
Spent
$1.5M
To programs
64%
Net assets
$6.1M
By yearFY2020–FY2021
Revenue
$181K
FY2020
Revenue by fiscal year
FY2020$181K
FY2021$31K
Expenses
$1.5M
FY2020
Expenses by fiscal year
FY2020$1.5M
FY2021$6.4M
Net assets
$6.1M
FY2020
Net assets by fiscal year
FY2020$6.1M
FY2021$0

From the FY2020 Form 990 · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2021) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2021.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

64 cents of each dollar spent went to programs.

Program services 64% · $984K Management & general 36% · $548K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

2 people listed on the 990.

Part VII, Section A · reportable compensation
Director, Treasurer, Secretary
$0Pt VII · Sec A
Director, President
$0Pt VII · Sec A
See Bh Fund executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes the rule of law and limited, constitutional government.

Provided by the organization

This section is blank until Bh Fund claims this page.

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1 program service account for $984K of program spending, described in the organization's own filed words · FY2020.
01

BH Fund supported organizations and hired lawyers to promote the rule of law and limited constitutional government.

$984Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 2 grants · $738K · 2020–2020
People United for PrivacyDC · FY2020$500,000
America EngagedVA · FY2020$238,000

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$181K
Ln 12
Investment incomeLn 3$160K
Other incomeLn 4–11$21K
Money outPt IX
$1.5M
Ln 25
Programscol B$984K
Managementcol C$548K
Owns and owesPt X
$6.1M
net assets · Ln 32
Cash and savingsLn 1–2$2.2M
Total assetsLn 16$6.1M
LiabilitiesLn 26$0
PeoplePt VI, VII
2
listed · VII A
PaidVII A0
Voting boardVI 1a2
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$160K
Other incomeLn 4–11$21K
Gains on assetsLn 7$57K
Total revenueLn 12$181K
Assets in detailPt X, end of year
CashLn 1$1K
SavingsLn 2$2.2M
Cash and savings togetherLn 1–2$2.2M
InvestmentsLn 11–13$3.9M
Total assetsLn 16$6.1M
LiabilitiesLn 26$0
Net assetsLn 32$6.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$2.7M$2.2M
InvestmentsLn 11–13$4.5M$3.9M
Total assetsLn 16$7.2M$6.1M
LiabilitiesLn 26$0$0
Net assetsLn 32$7.2M$6.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$738K$738K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$714K$246K$468K
Accounting feesLn 11c$20K$20K
Lobbying feesLn 11d$0
Investment management feesLn 11f$59K$59K
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$938$938
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
All other expensesLn 24e$0
Total functional expensesLn 25$1.5M$984K$548K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest $31K$6.4M−$6.4M$0 990 PDF
FY2020 Viewing $181K$1.5M−$1.4M$6.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $181,171 across 4 lines filed
Lines not itemized here account for $2,275 of total revenue; see the IRS return.
VIII-3 Investment incomeExcluded from tax $100,466$100,466
VIII-7 Net gain or loss on sales of assetsExcluded from tax $57,393$57,393
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $21,037$21,037
VIII-12 Total revenueRelated to mission $21,037 · Excluded from tax $160,134$181,171
Part IX · Statement of functional expenses $1,531,626 across 29 lines filed
IX-1 Grants to domestic organizationsPrograms $738,000$738,000
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal feesPrograms $245,943 · Management $467,705$713,648
IX-11c Accounting feesManagement $20,400$20,400
IX-11d Lobbying fees$0
IX-11f Investment management feesManagement $58,640$58,640
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $938$938
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $983,943 · Management $547,683 · Fundraising $0$1,531,626
Part X · Balance sheet $6,089,801 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $2,746,140$1,240
X-2 Savings and temporary cash investments$2,222,733
X-11 Publicly traded securitiesStart of year $4,045,920$3,267,946
X-12 Other securitiesStart of year $450,000$597,882
X-16 Total assetsStart of year $7,242,060$6,089,801
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $7,242,060$6,089,801
X-32 Total net assets or fund balancesStart of year $7,242,060$6,089,801
X-33 Total liabilities and net assetsStart of year $7,242,060$6,089,801
Part XI · Reconciliation of net assets $6,089,801 net assets at year end
XI-1 Total revenue$181,171
XI-2 Total expenses$1,531,626
XI-3 Revenue less expenses−$1,350,455
XI-4 Net assets at start of year$7,242,060
XI-5 Net unrealized gains (losses) on investments$157,754
XI-8 Prior period adjustments$40,441
XI-9 Other changes in net assets$1
XI-10 Net assets at end of year$6,089,801

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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