Foundry Training Group
EIN: 862914694 · Grand Rapids, MI · NTEE: X21
About Foundry Training Group
Foundry Training Group (EIN: 862914694) is a nonprofit organization based in Grand Rapids, MI, classified under NTEE code X21. The organization reported total revenue of $277K and total assets of $49K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Foundry Training Group's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Foundry Training Group has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Foundry Training Group with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Filing History
IRS 990 filing history for Foundry Training Group showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Foundry Training Group's revenue has grown by 5.5%, moving from $237K to $250K. Total assets decreased by 19.6% over the same period, from $59K to $47K. Total functional expenses rose by 9.2%, from $238K to $260K. In its most recent filing year (2023), Foundry Training Group reported a deficit of $10K, with expenses exceeding revenue. The organization holds $855 in liabilities against $47K in assets (debt-to-asset ratio: 1.8%), resulting in net assets of $46K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $250K | $260K | $47K | $855 | — | View 990 |
| 2022 | $237K | $238K | $59K | $1K | — | View 990 |
Data Sources and Methodology
This transparency report for Foundry Training Group 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.