Bernard F And Alva B Gimbel Foundation Inc
Bernard F And Alva B Gimbel Foundation consistently spends more than it earns, drawing down assets.
EIN: 136090843 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $10.6M |
| Total Expenses | $6.4M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $30 |
| Net Assets | $32.9M |
| Transparency Score | 85/100 |
Is Bernard F And Alva B Gimbel Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bernard F And Alva B Gimbel Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bernard F And Alva B Gimbel Foundation Inc
Bernard F And Alva B Gimbel Foundation Inc (EIN: 136090843) is a nonprofit organization based in New York, NY. The organization reported total revenue of $10.6M and total assets of $31.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bernard F And Alva B Gimbel Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bernard F And Alva B Gimbel Foundation Inc is a large nonprofit that has been operating for 83 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.8M |
| Total Expenses | $6.4M |
| Surplus / Deficit | $-3,568,449 |
| Total Assets | $32.9M |
| Total Liabilities | $2K |
| Net Assets | $32.9M |
| Operating Margin | -125.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 61.5 months |
Financial Health Grade: B
In 2023, Bernard F And Alva B Gimbel Foundation Inc reported a deficit of $3.6M with expenses exceeding revenue, holds 61.5 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), Bernard F And Alva B Gimbel Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -5.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -15.8% | -1.4% | -9.8% |
| 2022 | -60.2% | +7.0% | -7.9% |
| 2021 | +618.0% | +17.9% | +6.5% |
| 2020 | -80.7% | -4.3% | -9.7% |
| 2019 | -47.9% | -1.0% | -18.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1943 |
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 Bernard F And Alva B Gimbel Foundation Inc 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Bernard F And Alva B Gimbel Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 $3.6M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly efficient for a foundation of its size with assets over $30 million.
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 Bernard F And Alva B Gimbel Foundation Inc's IRS 990 filings:
- Consistent spending exceeding revenue in recent years (e.g., 2023 expenses $6.4M vs. revenue $2.8M)
- Significant decline in assets over the past few years (from $39.5M in 2021 to $32.8M in 2023)
Strengths
The following positive indicators were identified for Bernard F And Alva B Gimbel Foundation Inc:
- Zero officer compensation reported, indicating high efficiency in executive overhead.
- Strong program focus, with the vast majority of expenses likely directed towards grants.
- Substantial asset base ($32.8M in 2023) provides significant capacity for grant-making.
Frequently Asked Questions about Bernard F And Alva B Gimbel Foundation Inc
Is Bernard F And Alva B Gimbel Foundation Inc a legitimate charity?
Bernard F And Alva B Gimbel Foundation Inc (EIN: 136090843) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $10.6M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Bernard F And Alva B Gimbel Foundation Inc spend its money?
Bernard F And Alva B Gimbel Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Bernard F And Alva B Gimbel Foundation Inc tax-deductible?
Bernard F And Alva B Gimbel Foundation Inc is registered as a tax-exempt nonprofit (EIN: 136090843). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Bernard F And Alva B Gimbel Foundation Inc CEO make?
Bernard F And Alva B Gimbel Foundation Inc's highest-compensated officer earns $30 annually. The organization reported $10.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Bernard F And Alva B Gimbel Foundation Inc located?
Bernard F And Alva B Gimbel Foundation Inc is headquartered in New York, New York and files with the IRS under EIN 136090843.
How many years of IRS 990 filings does Bernard F And Alva B Gimbel Foundation Inc have?
Bernard F And Alva B Gimbel 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 $10.6M in total revenue.
Is the Bernard F And Alva B Gimbel Foundation Inc. financially sustainable given its spending trends?
The foundation has consistently spent more than its revenue in recent years (e.g., $6.4M expenses vs. $2.8M revenue in 2023), leading to a decline in assets from $39.5M in 2021 to $32.8M in 2023. While foundations can strategically spend down endowments, this trend warrants monitoring for long-term sustainability.
What is the primary focus of the foundation's program spending?
As a grant-making foundation, its program spending would primarily consist of grants to other organizations. Without detailed Schedule I information, specific beneficiaries are not identifiable from the provided data.
Filing History
IRS 990 filing history for Bernard F And Alva B Gimbel Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Bernard F And Alva B Gimbel Foundation Inc's revenue has declined by 48.6%, moving from $5.5M to $2.8M. Total assets decreased by 21.7% over the same period, from $42.0M to $32.9M. Total functional expenses rose by 33.8%, from $4.8M to $6.4M. In its most recent filing year (2023), Bernard F And Alva B Gimbel Foundation Inc reported a deficit of $3.6M, with expenses exceeding revenue. The organization holds $2K in liabilities against $32.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $32.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.8M | $6.4M | $32.9M | $2K | — | View 990 |
| 2022 | $3.4M | $6.5M | $36.4M | $2K | — | — |
| 2021 | $8.5M | $6.1M | $39.6M | $2K | — | View 990 |
| 2020 | $1.2M | $5.2M | $37.2M | $2K | — | View 990 |
| 2019 | $6.1M | $5.4M | $41.1M | $2K | — | View 990 |
| 2015 | $11.8M | $5.4M | $50.4M | $701 | — | View 990 |
| 2014 | $6.5M | $4.8M | $44.1M | $0 | — | View 990 |
| 2013 | $5.9M | $4.7M | $42.4M | $509 | — | View 990 |
| 2012 | $3.8M | $4.5M | $41.2M | $36K | — | View 990 |
| 2011 | $5.5M | $4.8M | $42.0M | $141K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.8M, expenses of $6.4M, and assets of $32.9M (revenue -15.8% year-over-year).
- 2022: Revenue of $3.4M, expenses of $6.5M, and assets of $36.4M (revenue -60.2% year-over-year).
- 2021: Revenue of $8.5M, expenses of $6.1M, and assets of $39.6M (revenue +618.0% year-over-year).
- 2020: Revenue of $1.2M, expenses of $5.2M, and assets of $37.2M (revenue -80.7% year-over-year).
- 2019: Revenue of $6.1M, expenses of $5.4M, and assets of $41.1M (revenue -47.9% year-over-year).
- 2015: Revenue of $11.8M, expenses of $5.4M, and assets of $50.4M (revenue +81.7% year-over-year).
- 2014: Revenue of $6.5M, expenses of $4.8M, and assets of $44.1M (revenue +10.4% year-over-year).
- 2013: Revenue of $5.9M, expenses of $4.7M, and assets of $42.4M (revenue +53.1% year-over-year).
- 2012: Revenue of $3.8M, expenses of $4.5M, and assets of $41.2M (revenue -30.7% year-over-year).
- 2011: Revenue of $5.5M, expenses of $4.8M, and assets of $42.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bernard F And Alva B Gimbel Foundation Inc:
Data Sources and Methodology
This transparency report for Bernard F And Alva B Gimbel 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.