B Thomas Golisano Foundation
B Thomas Golisano Foundation: Strong Financials, Low Overhead
EIN: 222692938 · Victor, NY · NTEE: Z99Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $16.0M |
| Total Expenses | $4.4M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $12.8M |
| Transparency Score | 85/100 |
Is B Thomas Golisano Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
B Thomas Golisano Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About B Thomas Golisano Foundation
B Thomas Golisano Foundation (EIN: 222692938) is a nonprofit organization based in Victor, NY, classified under NTEE code Z99Z. The organization reported total revenue of $16.0M and total assets of $29.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of B Thomas Golisano Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
B Thomas Golisano Foundation is a large nonprofit that has been operating for 40 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -14.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.1M |
| Total Expenses | $4.4M |
| Surplus / Deficit | $-2,246,185 |
| Total Assets | $30.5M |
| Total Liabilities | $17.7M |
| Net Assets | $12.8M |
| Operating Margin | -105.0% |
| Debt-to-Asset Ratio | 58.1% |
| Months of Reserves | 83.4 months |
Financial Health Grade: C
In 2023, B Thomas Golisano Foundation reported a deficit of $2.2M with expenses exceeding revenue, holds 83.4 months of operating reserves (strong position), has a debt-to-asset ratio of 58.1% (high leverage).
Financial Trends
Over 10 years of filings (2011–2023), B Thomas Golisano Foundation's revenue has declined at a compound annual growth rate (CAGR) of -14.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.8% | +15.6% | +3.4% |
| 2022 | -35.0% | +45.7% | +2.8% |
| 2021 | +257.0% | -28.7% | +7.2% |
| 2020 | -81.7% | +25.6% | +2.8% |
| 2019 | +221.1% | +61.7% | +29.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
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 B Thomas Golisano Foundation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, B Thomas Golisano Foundation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2.2M, with expenses exceeding revenue.
- Debt-to-asset ratio: 58.1%.
Executive Compensation Analysis
Executive compensation is reported at $0 across all available filings, suggesting a volunteer board or that compensation is handled by an external entity not directly reported on the 990.
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.
Strengths
The following positive indicators were identified for B Thomas Golisano Foundation:
- Consistently strong asset growth, from $17.8M in 2013 to $30.4M in 2023.
- Very low administrative and fundraising expenses, indicating efficient use of funds.
- Significant program expenditures relative to total expenses, demonstrating a focus on mission-related activities.
Frequently Asked Questions about B Thomas Golisano Foundation
Is B Thomas Golisano Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, B Thomas Golisano Foundation (EIN: 222692938) appears legitimate. Mission Score: 85/100. 0 red flags identified, 3 strengths noted.
How does B Thomas Golisano Foundation spend its money?
B Thomas Golisano Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to B Thomas Golisano Foundation tax-deductible?
B Thomas Golisano Foundation is registered as a tax-exempt nonprofit (EIN: 222692938). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the B Thomas Golisano Foundation CEO make?
B Thomas Golisano Foundation's highest-compensated officer earns $0 annually. The organization reported $16.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of B Thomas Golisano Foundation's spending goes to programs?
B Thomas Golisano Foundation directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does B Thomas Golisano Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), B Thomas Golisano Foundation is above average for NTEE category Z99Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is B Thomas Golisano Foundation located?
B Thomas Golisano Foundation is headquartered in Victor, New York and files with the IRS under EIN 222692938. It is classified under NTEE code Z99Z.
How many years of IRS 990 filings does B Thomas Golisano Foundation have?
B Thomas Golisano Foundation 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 $16.0M in total revenue.
What does B Thomas Golisano Foundation do?
B Thomas Golisano Foundation is a nonprofit organization in the Unknown sector, located in Victor, New York. It is classified under NTEE code Z99Z.
How much revenue does B Thomas Golisano Foundation have?
B Thomas Golisano Foundation reported total revenue of $15,969,576. Based on 10 IRS 990 filings on record.
What are B Thomas Golisano Foundation's total assets?
B Thomas Golisano Foundation holds total assets of $29,276,031 as reported in IRS 990 filings.
Where is B Thomas Golisano Foundation located?
B Thomas Golisano Foundation is based in Victor, New York.
What is B Thomas Golisano Foundation's EIN?
B Thomas Golisano Foundation's Employer Identification Number (EIN) is 222692938. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is B Thomas Golisano Foundation?
B Thomas Golisano Foundation is classified under NTEE code Z99Z (Unknown).
Is B Thomas Golisano Foundation a registered 501(c)(3)?
Yes, B Thomas Golisano Foundation is recognized as a tax-exempt organization by the IRS. EIN: 222692938.
Does B Thomas Golisano Foundation file IRS Form 990?
Yes, B Thomas Golisano Foundation has 10 IRS Form 990 filings on record. The most recent covers tax period 202310.
What was B Thomas Golisano Foundation's revenue in 2023?
In the 202310 filing period, B Thomas Golisano Foundation reported total revenue of $2,139,911, total expenses of $4,386,096, and net assets of $30,478,237.
Is B Thomas Golisano Foundation's revenue growing or declining?
B Thomas Golisano Foundation's revenue is declining. Revenue went from $2,271,110 (202210) to $2,139,911 (202310), a -5.8% change. Based on 10 filings on record.
What is B Thomas Golisano Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for B Thomas Golisano Foundation covers tax period 202310. It shows revenue of $2,139,911, expenses of $4,386,096, total assets of $30,478,237, and liabilities of $17,706,764.
How much does B Thomas Golisano Foundation spend on programs vs administration?
Based on IRS 990 analysis, B Thomas Golisano Foundation allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is B Thomas Golisano Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, B Thomas Golisano Foundation appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 3 strengths noted.
What are B Thomas Golisano Foundation's strengths?
Positive indicators for B Thomas Golisano Foundation include: Consistently strong asset growth, from $17.8M in 2013 to $30.4M in 2023.. Very low administrative and fundraising expenses, indicating efficient use of funds.. Significant program expenditures relative to total expenses, demonstrating a focus on mission-related activities.. These findings are derived from AI analysis of the organization's financial filings.
How does B Thomas Golisano Foundation compensate executives?
Executive compensation is reported at $0 across all available filings, suggesting a volunteer board or that compensation is handled by an external entity not directly reported on the 990. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the reported $0 executive compensation, how does the foundation manage its operational and administrative functions?
The foundation likely operates with a volunteer board and/or outsources administrative functions to third-party service providers, or it is managed by an affiliated entity that covers these costs, as no direct compensation is reported on its 990s.
What is the long-term trend in the foundation's program expenditures relative to its revenue?
While revenue fluctuates year-to-year, program expenditures (represented by 'x' in the data) have generally increased over time, from $1.16M in 2013 to $4.38M in 2023, demonstrating a growing capacity and commitment to its mission despite varying revenue streams.
Filing History
IRS 990 filing history for B Thomas Golisano Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), B Thomas Golisano Foundation's revenue has declined by 84.6%, moving from $13.9M to $2.1M. Total assets increased by 70.3% over the same period, from $17.9M to $30.5M. Total functional expenses rose by 142.5%, from $1.8M to $4.4M. In its most recent filing year (2023), B Thomas Golisano Foundation reported a deficit of $2.2M, with expenses exceeding revenue. The organization holds $17.7M in liabilities against $30.5M in assets (debt-to-asset ratio: 58.1%), resulting in net assets of $12.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.1M | $4.4M | $30.5M | $17.7M | — | View 990 |
| 2022 | $2.3M | $3.8M | $29.5M | $14.5M | — | View 990 |
| 2021 | $3.5M | $2.6M | $28.7M | $12.1M | — | View 990 |
| 2020 | $979K | $3.7M | $26.7M | $11.1M | — | View 990 |
| 2019 | $5.4M | $2.9M | $26.0M | $7.7M | — | View 990 |
| 2015 | $1.7M | $1.8M | $20.0M | $2.2M | — | View 990 |
| 2014 | $2.1M | $1.7M | $19.2M | $1.3M | — | View 990 |
| 2013 | $1.7M | $1.2M | $17.8M | $315K | — | View 990 |
| 2012 | $721K | $1.6M | $17.0M | $1 | — | View 990 |
| 2011 | $13.9M | $1.8M | $17.9M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.1M, expenses of $4.4M, and assets of $30.5M (revenue -5.8% year-over-year).
- 2022: Revenue of $2.3M, expenses of $3.8M, and assets of $29.5M (revenue -35.0% year-over-year).
- 2021: Revenue of $3.5M, expenses of $2.6M, and assets of $28.7M (revenue +257.0% year-over-year).
- 2020: Revenue of $979K, expenses of $3.7M, and assets of $26.7M (revenue -81.7% year-over-year).
- 2019: Revenue of $5.4M, expenses of $2.9M, and assets of $26.0M (revenue +221.1% year-over-year).
- 2015: Revenue of $1.7M, expenses of $1.8M, and assets of $20.0M (revenue -22.0% year-over-year).
- 2014: Revenue of $2.1M, expenses of $1.7M, and assets of $19.2M (revenue +26.9% year-over-year).
- 2013: Revenue of $1.7M, expenses of $1.2M, and assets of $17.8M (revenue +133.6% year-over-year).
- 2012: Revenue of $721K, expenses of $1.6M, and assets of $17.0M (revenue -94.8% year-over-year).
- 2011: Revenue of $13.9M, expenses of $1.8M, and assets of $17.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for B Thomas Golisano Foundation:
Data Sources and Methodology
This transparency report for B Thomas Golisano Foundation 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.