Is Gutman Family Foundation Legit?

The Gutman Family Foundation demonstrates a consistent commitment to its mission, as evidenced by its program spending. In the latest filing period (202312), the organization reported expenses of $365,180 against revenues of $389,006, indicating a financially sound operational year. Over the past decade, the foundation has maintained a lean operational structure with no reported officer compensation, which is a strong indicator of efficient resource allocation and a focus on direct charitable activities. While revenue and asset figures have fluctuated, the foundation has consistently managed its liabilities, reporting only $1 in liabilities in recent years, suggesting good financial stewardship. The foundation's financial health appears stable, with assets of $155,324 in 202312. Although assets have seen significant fluctuations over the years, from a high of $698,046 in 201112 to a low of $78,965 in 202012, the recent trend shows a recovery. The absence of officer compensation across all reported periods is a significant positive for transparency and efficiency, ensuring that a greater proportion of funds can be directed towards programs. The organization's NTEE code T20Z (Private Grantmaking Foundations) aligns with its operational model, and the consistent filing of IRS 990s demonstrates a commitment to regulatory compliance and public transparency.