Fg Foundation
Fg Foundation maintains over $10 million in assets with minimal expenses and no officer compensation.
EIN: 10552288 · Columbus, OH · NTEE: T20 · Updated: 2026-03-27
Is Fg Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fg Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Fg Foundation
Fg Foundation (EIN: 10552288) is a nonprofit organization based in Columbus, OH, classified under NTEE code T20. The organization reported total revenue of $356K and total assets of $10.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fg Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Fg Foundation with a Mission Score of 95 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, Fg 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.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly unusual for an organization with over $10 million in assets and nearly $1 million in annual revenue.
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 Fg Foundation's IRS 990 filings:
- Lack of detailed program spending breakdown in provided data
- Unusually low expense ratio for an active foundation, potentially indicating significant endowment building over direct program spending
- 0% officer compensation for an organization with over $10M in assets, which could warrant further inquiry into operational structure
Strengths
The following positive indicators were identified for Fg Foundation:
- Exceptional financial health with over $10 million in assets and no liabilities
- Highly efficient spending, with expenses consistently well below revenue (e.g., 32.9% of revenue in 2023)
- Consistent asset growth over the past decade, demonstrating strong financial stewardship
- Zero reported officer compensation, indicating a strong commitment to mission-focused resource allocation
- Strong revenue generation, consistently near or above $1 million in recent years
Frequently Asked Questions about Fg Foundation
Is Fg Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Fg Foundation (EIN: 10552288) some concerns. Mission Score: 95/100. 3 red flags identified, 5 strengths noted.
How does Fg Foundation spend its money?
Fg Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Fg Foundation tax-deductible?
Fg Foundation is registered as a tax-exempt nonprofit (EIN: 10552288). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Fg Foundation manage to operate with 0% officer compensation?
The filings consistently show 0% officer compensation, suggesting a volunteer-led executive team or that compensation is structured in a way not reported under this category. This is highly unusual for an organization of its size and asset base.
What are the specific program activities funded by Fg Foundation?
While the filings indicate very low expenses relative to revenue, the specific program activities are not detailed in the provided financial summary. Further investigation into their public mission statements or annual reports would be necessary.
Given the low expense ratio, how does Fg Foundation utilize its significant revenue surplus?
The substantial surplus (e.g., $626,606 in 2023) appears to be primarily reinvested, contributing to the consistent growth of the organization's assets, which have increased from $3.9 million in 2014 to over $10 million in 2023.
Filing History
IRS 990 filing history for Fg Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Fg Foundation's revenue has grown by 1110.6%, moving from $77K to $934K. Total assets increased by 331.9% over the same period, from $2.4M to $10.2M. Total functional expenses rose by 340.6%, from $70K to $308K. In its most recent filing year (2023), Fg Foundation reported a surplus of $627K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $934K | $308K | $10.2M | $0 | — | — |
| 2022 | $904K | $285K | $11.3M | $0 | — | — |
| 2021 | $1.2M | $263K | $8.9M | $0 | — | View 990 |
| 2020 | $1.2M | $239K | $9.1M | $0 | — | View 990 |
| 2019 | $183K | $164K | $7.0M | $0 | — | View 990 |
| 2018 | $169K | $156K | $7.2M | $0 | — | View 990 |
| 2017 | $147K | $197K | $5.4M | $0 | — | View 990 |
| 2016 | $420K | $194K | $5.9M | $0 | — | View 990 |
| 2015 | $109K | $161K | $4.9M | $0 | — | View 990 |
| 2014 | $108K | $111K | $3.9M | $0 | — | View 990 |
| 2013 | $441K | $98K | $3.7M | $0 | — | View 990 |
| 2012 | $351K | $71K | $2.8M | $200 | — | View 990 |
| 2011 | $77K | $70K | $2.4M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $934K, expenses of $308K, and assets of $10.2M (revenue +3.4% year-over-year).
- 2022: Revenue of $904K, expenses of $285K, and assets of $11.3M (revenue -26.1% year-over-year).
- 2021: Revenue of $1.2M, expenses of $263K, and assets of $8.9M (revenue +1.3% year-over-year).
- 2020: Revenue of $1.2M, expenses of $239K, and assets of $9.1M (revenue +559.7% year-over-year).
- 2019: Revenue of $183K, expenses of $164K, and assets of $7.0M (revenue +8.1% year-over-year).
- 2018: Revenue of $169K, expenses of $156K, and assets of $7.2M (revenue +14.7% year-over-year).
- 2017: Revenue of $147K, expenses of $197K, and assets of $5.4M (revenue -64.9% year-over-year).
- 2016: Revenue of $420K, expenses of $194K, and assets of $5.9M (revenue +283.5% year-over-year).
- 2015: Revenue of $109K, expenses of $161K, and assets of $4.9M (revenue +1.5% year-over-year).
- 2014: Revenue of $108K, expenses of $111K, and assets of $3.9M (revenue -75.6% year-over-year).
- 2013: Revenue of $441K, expenses of $98K, and assets of $3.7M (revenue +25.6% year-over-year).
- 2012: Revenue of $351K, expenses of $71K, and assets of $2.8M (revenue +355.4% year-over-year).
- 2011: Revenue of $77K, expenses of $70K, and assets of $2.4M.
Data Sources and Methodology
This transparency report for Fg 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.