Eric Gleacher Foundation
Eric Gleacher Foundation shows volatile revenue and asset trends with no reported officer compensation.
EIN: 208968979 · N Palm Beach, FL · NTEE: T20 · Updated: 2026-03-28
Is Eric Gleacher Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Eric Gleacher Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Eric Gleacher Foundation
Eric Gleacher Foundation (EIN: 208968979) is a nonprofit organization based in N Palm Beach, FL, classified under NTEE code T20. The organization reported total revenue of $1.1M and total assets of $6.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Eric Gleacher Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Eric Gleacher Foundation is a mid-size nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -427.2% | -38.9% | -9.5% |
| 2022 | -79.0% | +59.2% | -0.5% |
| 2021 | -76.2% | -44.5% | +10.4% |
| 2020 | +255.2% | -68.1% | +94.6% |
| 2019 | +1899.8% | +100.3% | -56.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Eric Gleacher Foundation with a Mission Score of 70 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: 90%
- fundraising: 0%
According to IRS 990 filings, Eric Gleacher 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:
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Eric Gleacher Foundation consistently reports 0% officer compensation across all available filings, indicating that its leadership either serves on a volunteer basis or is compensated through other means not categorized as officer compensation, which is highly unusual for an organization of its asset size.
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 Eric Gleacher Foundation's IRS 990 filings:
- Highly volatile revenue, including a negative revenue of $-512,671 in 2023, which raises questions about financial stability and sustainability.
- Significant fluctuations in assets, from $10.3 million in 2014 to $5.9 million in 2023, indicating potential instability in investment performance or funding.
- Lack of detailed expense breakdown (program vs. admin) in the provided summary makes it difficult to fully assess spending efficiency, despite 0% officer compensation.
Strengths
The following positive indicators were identified for Eric Gleacher Foundation:
- Consistently reports minimal liabilities ($1), indicating strong balance sheet health and solvency.
- Reports 0% officer compensation across all filings, suggesting a very lean administrative structure or volunteer leadership.
- Consistent filing of IRS 990s demonstrates a commitment to regulatory transparency.
Frequently Asked Questions about Eric Gleacher Foundation
Is Eric Gleacher Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Eric Gleacher Foundation (EIN: 208968979) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Eric Gleacher Foundation spend its money?
Eric Gleacher Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Eric Gleacher Foundation tax-deductible?
Eric Gleacher Foundation is registered as a tax-exempt nonprofit (EIN: 208968979). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why did the Eric Gleacher Foundation report negative revenue of $-512,671 in 2023?
The negative revenue in 2023 is a significant anomaly that could be due to investment losses, significant returns of contributions, or accounting adjustments. Further investigation into the specific 990 filing for that year would be necessary to understand the cause.
How does the Eric Gleacher Foundation manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the foundation's leadership may be entirely volunteer-based or compensated through an affiliated entity, which is a notable operational model for an organization with assets exceeding $6 million.
What is the primary purpose of the Eric Gleacher Foundation given its NTEE code T20?
The NTEE code T20 typically refers to 'Private Grantmaking Foundations,' indicating that the organization primarily functions by making grants to other non-profits rather than directly operating programs.
Filing History
IRS 990 filing history for Eric Gleacher Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Eric Gleacher Foundation's revenue has declined by 636.8%, moving from $95K to $-512,671. Total assets increased by 86.6% over the same period, from $3.2M to $6.0M. Total functional expenses fell by 81.9%, from $642K to $116K. The organization holds $1 in liabilities against $6.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $6.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-512,671 | $116K | $6.0M | $1 | — | View 990 |
| 2022 | $157K | $190K | $6.6M | $1 | — | View 990 |
| 2021 | $748K | $119K | $6.6M | $1 | — | View 990 |
| 2020 | $3.1M | $215K | $6.0M | $1 | — | View 990 |
| 2019 | $884K | $674K | $3.1M | $1 | — | — |
| 2015 | $44K | $336K | $7.2M | $1 | — | View 990 |
| 2014 | $7.3M | $137K | $10.3M | $1 | — | View 990 |
| 2013 | $335K | $72K | $3.1M | $1 | — | View 990 |
| 2012 | $7K | $347K | $2.9M | $1 | — | View 990 |
| 2011 | $95K | $642K | $3.2M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-512,671, expenses of $116K, and assets of $6.0M (revenue -427.2% year-over-year).
- 2022: Revenue of $157K, expenses of $190K, and assets of $6.6M (revenue -79.0% year-over-year).
- 2021: Revenue of $748K, expenses of $119K, and assets of $6.6M (revenue -76.2% year-over-year).
- 2020: Revenue of $3.1M, expenses of $215K, and assets of $6.0M (revenue +255.2% year-over-year).
- 2019: Revenue of $884K, expenses of $674K, and assets of $3.1M (revenue +1899.8% year-over-year).
- 2015: Revenue of $44K, expenses of $336K, and assets of $7.2M (revenue -99.4% year-over-year).
- 2014: Revenue of $7.3M, expenses of $137K, and assets of $10.3M (revenue +2085.9% year-over-year).
- 2013: Revenue of $335K, expenses of $72K, and assets of $3.1M (revenue +5024.6% year-over-year).
- 2012: Revenue of $7K, expenses of $347K, and assets of $2.9M (revenue -93.2% year-over-year).
- 2011: Revenue of $95K, expenses of $642K, and assets of $3.2M.
Data Sources and Methodology
This transparency report for Eric Gleacher 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.