Arthur M Goldberg And Veronica Goldberg Foundation Inc
Arthur M Goldberg And Veronica Goldberg Foundation: Declining Revenue, High Administrative Costs
EIN: 222779193 · Rosemont, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $3.6M |
| Total Expenses | $451K |
| Program Spending | 50% |
| Net Assets | $6.4M |
| Transparency Score | 65/100 |
Is Arthur M Goldberg And Veronica Goldberg Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Arthur M Goldberg And Veronica Goldberg Foundation Inc directs 50% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Arthur M Goldberg And Veronica Goldberg Foundation Inc
Arthur M Goldberg And Veronica Goldberg Foundation Inc (EIN: 222779193) is a nonprofit organization based in Rosemont, NJ. The organization reported total revenue of $3.6M and total assets of $6.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Arthur M Goldberg And Veronica Goldberg Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Arthur M Goldberg And Veronica Goldberg Foundation Inc is a mid-size 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 -3.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $263K |
| Total Expenses | $451K |
| Surplus / Deficit | $-187,351 |
| Total Assets | $6.4M |
| Total Liabilities | $1 |
| Net Assets | $6.4M |
| Operating Margin | -71.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 169.6 months |
Financial Health Grade: B
In 2023, Arthur M Goldberg And Veronica Goldberg Foundation Inc reported a deficit of $187K with expenses exceeding revenue, holds 169.6 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 M Goldberg And Veronica Goldberg Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +178.3% | +14.4% | -2.9% |
| 2022 | -82.3% | -13.0% | -5.1% |
| 2021 | -48.2% | +12.9% | +2.0% |
| 2020 | +251.5% | +2.6% | +10.3% |
| 2019 | -7.0% | -12.6% | +1.6% |
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 M Goldberg And Veronica Goldberg Foundation Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 40%
- programs: 50%
- fundraising: 10%
According to IRS 990 filings, Arthur M Goldberg And Veronica Goldberg Foundation Inc allocates its expenses as follows: admin: 40%, programs: 50%, fundraising: 10%. Approximately 50% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $187K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is not reported on the 990-PF, as it is a private foundation, making it difficult to assess.
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 M Goldberg And Veronica Goldberg Foundation Inc's IRS 990 filings:
- Revenue has significantly declined from $1,034,779 in 2020 to $263,344 in 2023.
- Expenses consistently exceed revenue, leading to a decrease in assets over time (e.g., $6,908,152 in 2021 to $6,371,227 in 2023).
- A substantial portion of expenses appears to be administrative, given the low program spending indicated by the 990-PF.
Strengths
The following positive indicators were identified for Arthur M Goldberg And Veronica Goldberg Foundation Inc:
- The foundation maintains a significant asset base, with $6,255,419 in total assets as of the latest filing.
- Consistent grantmaking activity is evident through the 'x' (expenses) figures in the filings.
Frequently Asked Questions about Arthur M Goldberg And Veronica Goldberg Foundation Inc
Is Arthur M Goldberg And Veronica Goldberg Foundation Inc a legitimate charity?
Arthur M Goldberg And Veronica Goldberg Foundation Inc (EIN: 222779193) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $3.6M. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Arthur M Goldberg And Veronica Goldberg Foundation Inc spend its money?
Arthur M Goldberg And Veronica Goldberg Foundation Inc directs 50% of its spending to programs and services. Fundraising costs 10%. This falls below the 65% benchmark.
Are donations to Arthur M Goldberg And Veronica Goldberg Foundation Inc tax-deductible?
Arthur M Goldberg And Veronica Goldberg Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222779193). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Arthur M Goldberg And Veronica Goldberg Foundation Inc's spending goes to programs?
Arthur M Goldberg And Veronica Goldberg Foundation Inc directs 50% to programs, 10% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
Where is Arthur M Goldberg And Veronica Goldberg Foundation Inc located?
Arthur M Goldberg And Veronica Goldberg Foundation Inc is headquartered in Rosemont, New Jersey and files with the IRS under EIN 222779193.
How many years of IRS 990 filings does Arthur M Goldberg And Veronica Goldberg Foundation Inc have?
Arthur M Goldberg And Veronica Goldberg 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 $3.6M in total revenue.
What does Arthur M Goldberg And Veronica Goldberg Foundation Inc do?
Arthur M Goldberg And Veronica Goldberg Foundation Inc is a nonprofit organization in the Unknown sector, located in Rosemont, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Arthur M Goldberg And Veronica Goldberg Foundation Inc have?
Arthur M Goldberg And Veronica Goldberg Foundation Inc reported total revenue of $3,622,030. Based on 10 IRS 990 filings on record.
What are Arthur M Goldberg And Veronica Goldberg Foundation Inc's total assets?
Arthur M Goldberg And Veronica Goldberg Foundation Inc holds total assets of $6,255,419 as reported in IRS 990 filings.
Where is Arthur M Goldberg And Veronica Goldberg Foundation Inc located?
Arthur M Goldberg And Veronica Goldberg Foundation Inc is based in Rosemont, New Jersey.
What is Arthur M Goldberg And Veronica Goldberg Foundation Inc's EIN?
Arthur M Goldberg And Veronica Goldberg Foundation Inc's Employer Identification Number (EIN) is 222779193. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Arthur M Goldberg And Veronica Goldberg Foundation Inc?
Arthur M Goldberg And Veronica Goldberg Foundation Inc is classified under NTEE code Unknown (Unknown).
Is Arthur M Goldberg And Veronica Goldberg Foundation Inc a registered 501(c)(3)?
Arthur M Goldberg And Veronica Goldberg Foundation Inc appears in IRS records (EIN: 222779193). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Arthur M Goldberg And Veronica Goldberg Foundation Inc file IRS Form 990?
Yes, Arthur M Goldberg And Veronica Goldberg Foundation Inc has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Arthur M Goldberg And Veronica Goldberg Foundation Inc's revenue in 2023?
In the 202312 filing period, Arthur M Goldberg And Veronica Goldberg Foundation Inc reported total revenue of $263,344, total expenses of $450,695, and net assets of $6,371,227.
Is Arthur M Goldberg And Veronica Goldberg Foundation Inc's revenue growing or declining?
Arthur M Goldberg And Veronica Goldberg Foundation Inc's revenue is growing. Revenue went from $94,625 (202212) to $263,344 (202312), a +178.3% change. Based on 10 filings on record.
What is Arthur M Goldberg And Veronica Goldberg Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Arthur M Goldberg And Veronica Goldberg Foundation Inc covers tax period 202312. It shows revenue of $263,344, expenses of $450,695, total assets of $6,371,227, and liabilities of $1.
How much does Arthur M Goldberg And Veronica Goldberg Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Arthur M Goldberg And Veronica Goldberg Foundation Inc allocates approximately 50% of expenses to program services, 40% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Arthur M Goldberg And Veronica Goldberg Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Arthur M Goldberg And Veronica Goldberg Foundation Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 2 strengths noted.
What are the red flags for Arthur M Goldberg And Veronica Goldberg Foundation Inc?
The following concerns were identified: Revenue has significantly declined from $1,034,779 in 2020 to $263,344 in 2023.. Expenses consistently exceed revenue, leading to a decrease in assets over time (e.g., $6,908,152 in 2021 to $6,371,227 in 2023).. A substantial portion of expenses appears to be administrative, given the low program spending indicated by the 990-PF.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Arthur M Goldberg And Veronica Goldberg Foundation Inc's strengths?
Positive indicators for Arthur M Goldberg And Veronica Goldberg Foundation Inc include: The foundation maintains a significant asset base, with $6,255,419 in total assets as of the latest filing.. Consistent grantmaking activity is evident through the 'x' (expenses) figures in the filings.. These findings are derived from AI analysis of the organization's financial filings.
How does Arthur M Goldberg And Veronica Goldberg Foundation Inc compensate executives?
Executive compensation is not reported on the 990-PF, as it is a private foundation, making it difficult to assess. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What is the specific nature of the 'programs' funded by the foundation, given the lack of detailed program descriptions in public filings?
The 990-PF filings indicate grants made, but without further narrative, the specific beneficiaries or types of programs supported are unclear.
How does the foundation plan to address the consistent trend of expenses exceeding revenue, and what strategies are in place to stabilize or grow its financial resources?
The financial data shows a pattern where expenses frequently outpace revenue, leading to a draw-down on assets. The foundation's strategy to reverse this trend is not evident from the provided filings.
Filing History
IRS 990 filing history for Arthur M Goldberg And Veronica Goldberg Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Arthur M Goldberg And Veronica Goldberg Foundation Inc's revenue has declined by 31.4%, moving from $384K to $263K. Total assets decreased by 6.7% over the same period, from $6.8M to $6.4M. Total functional expenses fell by 33.4%, from $676K to $451K. In its most recent filing year (2023), Arthur M Goldberg And Veronica Goldberg Foundation Inc reported a deficit of $187K, with expenses exceeding revenue. The organization holds $1 in liabilities against $6.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $6.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $263K | $451K | $6.4M | $1 | — | — |
| 2022 | $95K | $394K | $6.6M | $1 | — | View 990 |
| 2021 | $536K | $453K | $6.9M | $50K | — | View 990 |
| 2020 | $1.0M | $402K | $6.8M | $1 | — | View 990 |
| 2019 | $294K | $391K | $6.1M | $1 | — | — |
| 2015 | $316K | $448K | $6.0M | $1 | — | View 990 |
| 2014 | $503K | $695K | $6.2M | $1 | — | View 990 |
| 2013 | $571K | $658K | $6.4M | $0 | — | View 990 |
| 2012 | $334K | $705K | $6.5M | $0 | — | View 990 |
| 2011 | $384K | $676K | $6.8M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $263K, expenses of $451K, and assets of $6.4M (revenue +178.3% year-over-year).
- 2022: Revenue of $95K, expenses of $394K, and assets of $6.6M (revenue -82.3% year-over-year).
- 2021: Revenue of $536K, expenses of $453K, and assets of $6.9M (revenue -48.2% year-over-year).
- 2020: Revenue of $1.0M, expenses of $402K, and assets of $6.8M (revenue +251.5% year-over-year).
- 2019: Revenue of $294K, expenses of $391K, and assets of $6.1M (revenue -7.0% year-over-year).
- 2015: Revenue of $316K, expenses of $448K, and assets of $6.0M (revenue -37.1% year-over-year).
- 2014: Revenue of $503K, expenses of $695K, and assets of $6.2M (revenue -12.0% year-over-year).
- 2013: Revenue of $571K, expenses of $658K, and assets of $6.4M (revenue +71.3% year-over-year).
- 2012: Revenue of $334K, expenses of $705K, and assets of $6.5M (revenue -13.2% year-over-year).
- 2011: Revenue of $384K, expenses of $676K, and assets of $6.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Arthur M Goldberg And Veronica Goldberg Foundation Inc:
Data Sources and Methodology
This transparency report for Arthur M Goldberg And Veronica Goldberg 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.