Carolyn C & George R Rowland Foundation
Carolyn C & George R Rowland Foundation consistently spends more than its revenue, drawing down assets.
EIN: 137097149 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.3M |
| Total Expenses | $906K |
| Program Spending | 85% |
| Net Assets | $9.6M |
| Transparency Score | 75/100 |
Is Carolyn C & George R Rowland Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Carolyn C & George R Rowland Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Carolyn C & George R Rowland Foundation
Carolyn C & George R Rowland Foundation (EIN: 137097149) is a nonprofit organization based in New York, NY. The organization reported total revenue of $3.3M and total assets of $10.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Carolyn C & George R Rowland Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Carolyn C & George R Rowland Foundation is a mid-size nonprofit that has been operating for 29 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $584K |
| Total Expenses | $906K |
| Surplus / Deficit | $-322,748 |
| Total Assets | $9.6M |
| Total Liabilities | $1 |
| Net Assets | $9.6M |
| Operating Margin | -55.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 127.0 months |
Financial Health Grade: B
In 2023, Carolyn C & George R Rowland Foundation reported a deficit of $323K with expenses exceeding revenue, holds 127.0 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), Carolyn C & George R Rowland Foundation's revenue has grown at a compound annual growth rate (CAGR) of 12.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -30.9% | -20.8% | -3.4% |
| 2022 | +10.8% | +28.9% | -2.9% |
| 2021 | +32.0% | +1.5% | -1.2% |
| 2020 | -12.7% | +12.8% | -2.7% |
| 2019 | -61.8% | +16.8% | -5.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
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 Carolyn C & George R Rowland Foundation with a Mission Score of 75 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Carolyn C & George R Rowland Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $323K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly favorable for minimizing administrative overhead.
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 Carolyn C & George R Rowland Foundation's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) over the last five years, e.g., $906,476 expenses vs. $583,728 revenue in 2023.
- Gradual decline in assets from $10,639,437 in 2019 to $9,593,151 in 2023, indicating reliance on endowment drawdown.
- Lack of detailed program expense breakdown in the provided data, making it hard to fully assess efficiency.
Strengths
The following positive indicators were identified for Carolyn C & George R Rowland Foundation:
- Zero officer compensation reported across all filings, indicating very low executive overhead.
- Stable asset base, despite recent declines, still substantial at $9,593,151 in 2023, suggesting capacity for continued grantmaking.
- Consistent filing history (10 filings), demonstrating compliance and transparency in reporting.
Frequently Asked Questions about Carolyn C & George R Rowland Foundation
Is Carolyn C & George R Rowland Foundation a legitimate charity?
Carolyn C & George R Rowland Foundation (EIN: 137097149) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $3.3M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Carolyn C & George R Rowland Foundation spend its money?
Carolyn C & George R Rowland Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Carolyn C & George R Rowland Foundation tax-deductible?
Carolyn C & George R Rowland Foundation is registered as a tax-exempt nonprofit (EIN: 137097149). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Carolyn C & George R Rowland Foundation's spending goes to programs?
Carolyn C & George R Rowland Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Carolyn C & George R Rowland Foundation located?
Carolyn C & George R Rowland Foundation is headquartered in New York, New York and files with the IRS under EIN 137097149.
How many years of IRS 990 filings does Carolyn C & George R Rowland Foundation have?
Carolyn C & George R Rowland 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 $3.3M in total revenue.
What is the specific mission of the Carolyn C & George R Rowland Foundation?
The provided data does not specify the foundation's mission or NTEE code, making it difficult to assess program alignment.
What are the primary grantmaking areas or programs supported by the foundation?
The IRS 990 data does not detail specific grant recipients or program areas, which limits understanding of its impact.
How does the foundation plan to address the consistent deficit spending?
The filings show consistent expenses exceeding revenue, leading to asset reduction. The strategy for long-term sustainability with this trend is not clear from the data.
What is the breakdown of program vs. administrative expenses?
While a spending breakdown is estimated, the IRS 990 data provided does not offer granular detail on the exact percentages allocated to programs, administration, and fundraising, which would enhance transparency.
Filing History
IRS 990 filing history for Carolyn C & George R Rowland Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Carolyn C & George R Rowland Foundation's revenue has grown by 294.1%, moving from $148K to $584K. Total assets increased by 333.2% over the same period, from $2.2M to $9.6M. Total functional expenses rose by 630.1%, from $124K to $906K. In its most recent filing year (2023), Carolyn C & George R Rowland Foundation reported a deficit of $323K, with expenses exceeding revenue. The organization holds $1 in liabilities against $9.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $9.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $584K | $906K | $9.6M | $1 | — | View 990 |
| 2022 | $845K | $1.1M | $9.9M | $1 | — | View 990 |
| 2021 | $763K | $888K | $10.2M | $1 | — | View 990 |
| 2020 | $578K | $874K | $10.4M | $1 | — | View 990 |
| 2019 | $662K | $775K | $10.6M | $1 | — | View 990 |
| 2015 | $1.7M | $664K | $11.2M | $0 | — | View 990 |
| 2014 | $504K | $481K | $10.1M | $0 | — | View 990 |
| 2013 | $7.2M | $144K | $10.1M | $0 | — | View 990 |
| 2012 | $93K | $128K | $2.2M | $0 | — | View 990 |
| 2011 | $148K | $124K | $2.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $584K, expenses of $906K, and assets of $9.6M (revenue -30.9% year-over-year).
- 2022: Revenue of $845K, expenses of $1.1M, and assets of $9.9M (revenue +10.8% year-over-year).
- 2021: Revenue of $763K, expenses of $888K, and assets of $10.2M (revenue +32.0% year-over-year).
- 2020: Revenue of $578K, expenses of $874K, and assets of $10.4M (revenue -12.7% year-over-year).
- 2019: Revenue of $662K, expenses of $775K, and assets of $10.6M (revenue -61.8% year-over-year).
- 2015: Revenue of $1.7M, expenses of $664K, and assets of $11.2M (revenue +244.0% year-over-year).
- 2014: Revenue of $504K, expenses of $481K, and assets of $10.1M (revenue -93.0% year-over-year).
- 2013: Revenue of $7.2M, expenses of $144K, and assets of $10.1M (revenue +7670.8% year-over-year).
- 2012: Revenue of $93K, expenses of $128K, and assets of $2.2M (revenue -37.4% year-over-year).
- 2011: Revenue of $148K, expenses of $124K, and assets of $2.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Carolyn C & George R Rowland Foundation:
Data Sources and Methodology
This transparency report for Carolyn C & George R Rowland 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.