Bruce E And Debra K Grewcock Foundation
Bruce E And Debra K Grewcock Foundation shows highly variable annual revenue and expenses, consistently reporting zero officer compensation.
EIN: 20573327 · Omaha, NE · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $416K |
| Total Expenses | $335K |
| Program Spending | 90% |
| Net Assets | $4.4M |
| Transparency Score | 85/100 |
Is Bruce E And Debra K Grewcock Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bruce E And Debra K Grewcock Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bruce E And Debra K Grewcock Foundation
Bruce E And Debra K Grewcock Foundation (EIN: 20573327) is a nonprofit organization based in Omaha, NE, classified under NTEE code T22. The organization reported total revenue of $416K and total assets of $4.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bruce E And Debra K Grewcock Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bruce E And Debra K Grewcock Foundation is a small nonprofit that has been operating for 24 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $89K |
| Total Expenses | $335K |
| Surplus / Deficit | $-245,771 |
| Total Assets | $4.4M |
| Total Liabilities | $1 |
| Net Assets | $4.4M |
| Operating Margin | -274.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 157.2 months |
Financial Health Grade: B
In 2023, Bruce E And Debra K Grewcock Foundation reported a deficit of $246K with expenses exceeding revenue, holds 157.2 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), Bruce E And Debra K Grewcock Foundation's revenue has declined at a compound annual growth rate (CAGR) of -5.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +137.7% | -36.9% | +11.7% |
| 2022 | -92.9% | +1089.2% | -34.7% |
| 2021 | +388.4% | -65.2% | +10.9% |
| 2020 | -44.2% | +108.9% | +22.3% |
| 2019 | +63.9% | -71.1% | +30.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
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 Bruce E And Debra K Grewcock 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Bruce E And Debra K Grewcock Foundation 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 $246K, 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 its officers, which is highly favorable for directing funds towards its mission.
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 Bruce E And Debra K Grewcock Foundation's IRS 990 filings:
- Highly volatile annual revenue and expense figures, making consistent financial planning challenging.
- Significant expense-to-revenue deficits in multiple years (e.g., 2022, 2023), indicating reliance on asset drawdowns.
Strengths
The following positive indicators were identified for Bruce E And Debra K Grewcock Foundation:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds.
- Substantial asset base ($4,507,327) provides financial stability for long-term grant-making.
- Minimal liabilities ($1 across most filings) suggests sound financial management and no significant debt.
- Clear NTEE code (T22) indicates a focused mission as a grant-making foundation.
Frequently Asked Questions about Bruce E And Debra K Grewcock Foundation
Is Bruce E And Debra K Grewcock Foundation a legitimate charity?
Bruce E And Debra K Grewcock Foundation (EIN: 20573327) is a registered tax-exempt nonprofit based in Nebraska. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $416K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Bruce E And Debra K Grewcock Foundation spend its money?
Bruce E And Debra K Grewcock Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Bruce E And Debra K Grewcock Foundation tax-deductible?
Bruce E And Debra K Grewcock Foundation is registered as a tax-exempt nonprofit (EIN: 20573327). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Bruce E And Debra K Grewcock Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Bruce E And Debra K Grewcock Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bruce E And Debra K Grewcock Foundation located?
Bruce E And Debra K Grewcock Foundation is headquartered in Omaha, Nebraska and files with the IRS under EIN 20573327. It is classified under NTEE code T22.
How many years of IRS 990 filings does Bruce E And Debra K Grewcock Foundation have?
Bruce E And Debra K Grewcock 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 $416K in total revenue.
What is the primary purpose of the Bruce E And Debra K Grewcock Foundation?
Based on the NTEE code T22 (Philanthropy, Voluntarism, and Grantmaking Foundations), the foundation primarily operates as a grant-making entity, distributing funds to other organizations or causes.
How does the foundation manage its assets given the significant fluctuations in annual revenue and expenses?
The foundation maintains a substantial asset base (e.g., $4,507,327 latest reported assets), which allows it to absorb years where expenses exceed revenue (e.g., 2022 expenses of $531,094 vs. revenue of $37,644) and continue its grant-making activities, likely drawing from its endowment.
Does the foundation engage in fundraising activities?
Given the nature of a private foundation and the absence of specific fundraising expenses in the provided data, it is highly probable that the foundation primarily relies on its endowment and contributions from its founders rather than public fundraising campaigns.
Filing History
IRS 990 filing history for Bruce E And Debra K Grewcock Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Bruce E And Debra K Grewcock Foundation's revenue has declined by 47.7%, moving from $171K to $89K. Total assets increased by 72.5% over the same period, from $2.5M to $4.4M. Total functional expenses rose by 37.5%, from $244K to $335K. In its most recent filing year (2023), Bruce E And Debra K Grewcock Foundation reported a deficit of $246K, with expenses exceeding revenue. The organization holds $1 in liabilities against $4.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $89K | $335K | $4.4M | $1 | — | — |
| 2022 | $38K | $531K | $3.9M | $1 | — | View 990 |
| 2021 | $532K | $45K | $6.0M | $1 | — | — |
| 2020 | $109K | $128K | $5.4M | $1 | — | — |
| 2019 | $195K | $61K | $4.4M | $1 | — | View 990 |
| 2015 | $119K | $213K | $3.4M | $1 | — | View 990 |
| 2014 | $1.2M | $279K | $3.5M | $1 | — | View 990 |
| 2013 | $170K | $194K | $2.6M | $0 | — | View 990 |
| 2012 | $330K | $242K | $2.6M | $0 | — | View 990 |
| 2011 | $171K | $244K | $2.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $89K, expenses of $335K, and assets of $4.4M (revenue +137.7% year-over-year).
- 2022: Revenue of $38K, expenses of $531K, and assets of $3.9M (revenue -92.9% year-over-year).
- 2021: Revenue of $532K, expenses of $45K, and assets of $6.0M (revenue +388.4% year-over-year).
- 2020: Revenue of $109K, expenses of $128K, and assets of $5.4M (revenue -44.2% year-over-year).
- 2019: Revenue of $195K, expenses of $61K, and assets of $4.4M (revenue +63.9% year-over-year).
- 2015: Revenue of $119K, expenses of $213K, and assets of $3.4M (revenue -89.7% year-over-year).
- 2014: Revenue of $1.2M, expenses of $279K, and assets of $3.5M (revenue +581.6% year-over-year).
- 2013: Revenue of $170K, expenses of $194K, and assets of $2.6M (revenue -48.6% year-over-year).
- 2012: Revenue of $330K, expenses of $242K, and assets of $2.6M (revenue +92.8% year-over-year).
- 2011: Revenue of $171K, expenses of $244K, and assets of $2.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bruce E And Debra K Grewcock Foundation:
Data Sources and Methodology
This transparency report for Bruce E And Debra K Grewcock 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.