Arthur And Elizabeth Godbout Family Foundation Inc
Godbout Family Foundation: Declining Assets, Minimal Program Spending
EIN: 222776052 · Avon, CT · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $424K |
| Total Expenses | $174K |
| Program Spending | 43% |
| Net Assets | $1.5M |
| Transparency Score | 40/100 |
Is Arthur And Elizabeth Godbout Family Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Arthur And Elizabeth Godbout Family Foundation Inc directs 43% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Arthur And Elizabeth Godbout Family Foundation Inc
Arthur And Elizabeth Godbout Family Foundation Inc (EIN: 222776052) is a nonprofit organization based in Avon, CT. The organization reported total revenue of $424K and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Arthur And Elizabeth Godbout Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Arthur And Elizabeth Godbout Family Foundation Inc is a small nonprofit that has been operating for 39 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $76K |
| Total Expenses | $174K |
| Surplus / Deficit | $-98,433 |
| Total Assets | $1.5M |
| Total Liabilities | $1 |
| Net Assets | $1.5M |
| Operating Margin | -130.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 104.9 months |
Financial Health Grade: B
In 2023, Arthur And Elizabeth Godbout Family Foundation Inc reported a deficit of $98K with expenses exceeding revenue, holds 104.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Arthur And Elizabeth Godbout Family Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -37.7% | -22.9% | -6.1% |
| 2022 | +28.7% | +17.3% | -3.1% |
| 2021 | +131.6% | +18.2% | -5.6% |
| 2020 | -63.7% | +1.4% | -6.5% |
| 2019 | -31.8% | +1.9% | -10.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Arthur And Elizabeth Godbout Family Foundation Inc with a Mission Score of 40 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 57%
- programs: 43%
- fundraising: 0%
According to IRS 990 filings, Arthur And Elizabeth Godbout Family Foundation Inc allocates its expenses as follows: admin: 57%, programs: 43%, fundraising: 0%. Only 43% is directed toward programs, which may warrant further investigation by donors.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $98K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The 2023 filing shows no compensation paid to officers, directors, trustees, or key employees, which is positive for donor confidence regarding executive salaries.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Arthur And Elizabeth Godbout Family Foundation Inc's IRS 990 filings:
- Total assets have steadily declined from $2,176,927 in 2013 to $1,520,580 in 2023, indicating a potential long-term sustainability concern.
- Program spending as a percentage of total expenses is consistently low, with only 43% in 2023 ($75,530 out of $173,963).
- The foundation's revenue has been highly variable and generally low relative to its asset base, with $75,530 in 2023 and $121,158 in 2022.
Strengths
The following positive indicators were identified for Arthur And Elizabeth Godbout Family Foundation Inc:
- The foundation reports no fundraising expenses, ensuring that all donations (if any) and investment income are not diluted by fundraising costs.
- No compensation is paid to executives or trustees, which is a strong indicator of volunteer leadership and efficient use of funds.
- The foundation maintains a substantial asset base of over $1.5 million, providing a foundation for future philanthropic activities despite recent declines.
Frequently Asked Questions about Arthur And Elizabeth Godbout Family Foundation Inc
Is Arthur And Elizabeth Godbout Family Foundation Inc a legitimate charity?
Arthur And Elizabeth Godbout Family Foundation Inc (EIN: 222776052) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 40/100. It has 10 years of IRS 990 filings on record. Total revenue: $424K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Arthur And Elizabeth Godbout Family Foundation Inc spend its money?
Arthur And Elizabeth Godbout Family Foundation Inc directs 43% of its spending to programs and services. This falls below the 65% benchmark.
Are donations to Arthur And Elizabeth Godbout Family Foundation Inc tax-deductible?
Arthur And Elizabeth Godbout Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222776052). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Arthur And Elizabeth Godbout Family Foundation Inc located?
Arthur And Elizabeth Godbout Family Foundation Inc is headquartered in Avon, Connecticut and files with the IRS under EIN 222776052.
How many years of IRS 990 filings does Arthur And Elizabeth Godbout Family Foundation Inc have?
Arthur And Elizabeth Godbout Family Foundation Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $424K in total revenue.
What does Arthur And Elizabeth Godbout Family Foundation Inc do?
Arthur And Elizabeth Godbout Family Foundation Inc is a nonprofit organization in the Unknown sector, located in Avon, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Arthur And Elizabeth Godbout Family Foundation Inc have?
Arthur And Elizabeth Godbout Family Foundation Inc reported total revenue of $423,584. Based on 10 IRS 990 filings on record.
What are Arthur And Elizabeth Godbout Family Foundation Inc's total assets?
Arthur And Elizabeth Godbout Family Foundation Inc holds total assets of $1,654,093 as reported in IRS 990 filings.
Where is Arthur And Elizabeth Godbout Family Foundation Inc located?
Arthur And Elizabeth Godbout Family Foundation Inc is based in Avon, Connecticut.
What is Arthur And Elizabeth Godbout Family Foundation Inc's EIN?
Arthur And Elizabeth Godbout Family Foundation Inc's Employer Identification Number (EIN) is 222776052. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Arthur And Elizabeth Godbout Family Foundation Inc?
Arthur And Elizabeth Godbout Family Foundation Inc is classified under NTEE code Unknown (Unknown).
Is Arthur And Elizabeth Godbout Family Foundation Inc a registered 501(c)(3)?
Arthur And Elizabeth Godbout Family Foundation Inc appears in IRS records (EIN: 222776052). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Arthur And Elizabeth Godbout Family Foundation Inc file IRS Form 990?
Yes, Arthur And Elizabeth Godbout Family Foundation Inc has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Arthur And Elizabeth Godbout Family Foundation Inc's revenue in 2023?
In the 202312 filing period, Arthur And Elizabeth Godbout Family Foundation Inc reported total revenue of $75,530, total expenses of $173,963, and net assets of $1,520,580.
Is Arthur And Elizabeth Godbout Family Foundation Inc's revenue growing or declining?
Arthur And Elizabeth Godbout Family Foundation Inc's revenue is declining. Revenue went from $121,158 (202212) to $75,530 (202312), a -37.7% change. Based on 10 filings on record.
What is Arthur And Elizabeth Godbout Family Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Arthur And Elizabeth Godbout Family Foundation Inc covers tax period 202312. It shows revenue of $75,530, expenses of $173,963, total assets of $1,520,580, and liabilities of $1.
How much does Arthur And Elizabeth Godbout Family Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Arthur And Elizabeth Godbout Family Foundation Inc allocates approximately 43% of expenses to program services, 57% to administrative costs, and 0% to fundraising. Overhead costs appear high relative to program spending.
Is Arthur And Elizabeth Godbout Family Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Arthur And Elizabeth Godbout Family Foundation Inc shows mixed signals. Mission Score: 40/100 (Fair). 3 red flags identified. 3 strengths noted.
What are the red flags for Arthur And Elizabeth Godbout Family Foundation Inc?
The following concerns were identified: Total assets have steadily declined from $2,176,927 in 2013 to $1,520,580 in 2023, indicating a potential long-term sustainability concern.. Program spending as a percentage of total expenses is consistently low, with only 43% in 2023 ($75,530 out of $173,963).. The foundation's revenue has been highly variable and generally low relative to its asset base, with $75,530 in 2023 and $121,158 in 2022.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Arthur And Elizabeth Godbout Family Foundation Inc's strengths?
Positive indicators for Arthur And Elizabeth Godbout Family Foundation Inc include: The foundation reports no fundraising expenses, ensuring that all donations (if any) and investment income are not diluted by fundraising costs.. No compensation is paid to executives or trustees, which is a strong indicator of volunteer leadership and efficient use of funds.. The foundation maintains a substantial asset base of over $1.5 million, providing a foundation for future philanthropic activities despite recent declines.. These findings are derived from AI analysis of the organization's financial filings.
How does Arthur And Elizabeth Godbout Family Foundation Inc compensate executives?
The 2023 filing shows no compensation paid to officers, directors, trustees, or key employees, which is positive for donor confidence regarding executive salaries. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent decline in assets and the low percentage of program spending, what is the long-term strategy for the foundation to maintain its mission and impact?
The available data does not explicitly detail a long-term strategy. The trend suggests the foundation is spending down its endowment without significant new revenue or a shift towards higher program efficiency, which could lead to eventual depletion if not addressed.
With administrative expenses consistently exceeding program service accomplishments, what specific measures are in place to optimize operational efficiency and reallocate more funds directly to charitable activities?
The filings do not provide specific details on measures to optimize operational efficiency. The consistent ratio suggests that the current operational structure may prioritize administrative oversight over direct program expenditure, or that the nature of its grant-making involves significant administrative overhead relative to the grants themselves.
Filing History
IRS 990 filing history for Arthur And Elizabeth Godbout Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Arthur And Elizabeth Godbout Family Foundation Inc's revenue has declined by 35.8%, moving from $118K to $76K. Total assets decreased by 31.5% over the same period, from $2.2M to $1.5M. Total functional expenses rose by 11.7%, from $156K to $174K. In its most recent filing year (2023), Arthur And Elizabeth Godbout Family Foundation Inc reported a deficit of $98K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $76K | $174K | $1.5M | $1 | — | — |
| 2022 | $121K | $226K | $1.6M | $1 | — | View 990 |
| 2021 | $94K | $192K | $1.7M | $1 | — | View 990 |
| 2020 | $41K | $163K | $1.8M | $1 | — | — |
| 2019 | $112K | $160K | $1.9M | $0 | — | View 990 |
| 2015 | $164K | $157K | $2.1M | $0 | — | View 990 |
| 2014 | $91K | $153K | $2.1M | $0 | — | View 990 |
| 2013 | $155K | $151K | $2.2M | $0 | — | View 990 |
| 2012 | $103K | $151K | $2.2M | $0 | — | View 990 |
| 2011 | $118K | $156K | $2.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $76K, expenses of $174K, and assets of $1.5M (revenue -37.7% year-over-year).
- 2022: Revenue of $121K, expenses of $226K, and assets of $1.6M (revenue +28.7% year-over-year).
- 2021: Revenue of $94K, expenses of $192K, and assets of $1.7M (revenue +131.6% year-over-year).
- 2020: Revenue of $41K, expenses of $163K, and assets of $1.8M (revenue -63.7% year-over-year).
- 2019: Revenue of $112K, expenses of $160K, and assets of $1.9M (revenue -31.8% year-over-year).
- 2015: Revenue of $164K, expenses of $157K, and assets of $2.1M (revenue +81.5% year-over-year).
- 2014: Revenue of $91K, expenses of $153K, and assets of $2.1M (revenue -41.5% year-over-year).
- 2013: Revenue of $155K, expenses of $151K, and assets of $2.2M (revenue +49.9% year-over-year).
- 2012: Revenue of $103K, expenses of $151K, and assets of $2.2M (revenue -12.2% year-over-year).
- 2011: Revenue of $118K, expenses of $156K, and assets of $2.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Arthur And Elizabeth Godbout Family Foundation Inc:
Data Sources and Methodology
This transparency report for Arthur And Elizabeth Godbout Family Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.