Fred C Gloeckner Foundation Inc
Fred C Gloeckner Foundation consistently spends more than it earns, leading to declining assets.
EIN: 136124190 · New Canaan, CT · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $262K |
| Total Expenses | $155K |
| Program Spending | 70% |
| Net Assets | $2.0M |
| Transparency Score | 65/100 |
Is Fred C Gloeckner Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fred C Gloeckner Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Fred C Gloeckner Foundation Inc
Fred C Gloeckner Foundation Inc (EIN: 136124190) is a nonprofit organization based in New Canaan, CT. The organization reported total revenue of $262K and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fred C Gloeckner Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fred C Gloeckner Foundation Inc is a small nonprofit that has been operating for 64 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $112K |
| Total Expenses | $155K |
| Surplus / Deficit | $-42,940 |
| Total Assets | $2.0M |
| Total Liabilities | $1 |
| Net Assets | $2.0M |
| Operating Margin | -38.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 151.9 months |
Financial Health Grade: B
In 2023, Fred C Gloeckner Foundation Inc reported a deficit of $43K with expenses exceeding revenue, holds 151.9 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), Fred C Gloeckner Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +34.8% | -1.2% | -2.3% |
| 2022 | -49.4% | -12.3% | -3.4% |
| 2021 | +163.7% | +8.4% | -0.7% |
| 2020 | -58.4% | -8.9% | -5.2% |
| 2019 | +72.5% | -1.3% | -1.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2810 |
| IRS Ruling Date | 1962 |
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 Fred C Gloeckner Foundation Inc with a Mission Score of 65 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Fred C Gloeckner Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $43K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees are receiving salaries from the organization, which is highly favorable for a foundation of its 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 Fred C Gloeckner Foundation Inc's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) in multiple years, such as 2023 ($154,600 expenses vs. $111,660 revenue) and 2022 ($156,403 expenses vs. $82,849 revenue).
- Declining asset base over time, from $2,492,405 in 2011 to $1,956,553 in 2023, indicating an unsustainable financial model if current trends persist.
Strengths
The following positive indicators were identified for Fred C Gloeckner Foundation Inc:
- Zero officer compensation reported across all filings, demonstrating a commitment to minimizing administrative overhead related to executive pay.
- Maintains a substantial asset base of nearly $2 million, providing a buffer despite consistent deficit spending.
Frequently Asked Questions about Fred C Gloeckner Foundation Inc
Is Fred C Gloeckner Foundation Inc a legitimate charity?
Fred C Gloeckner Foundation Inc (EIN: 136124190) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $262K. 2 red flags identified. 2 strengths noted. Financial health grade: B.
How does Fred C Gloeckner Foundation Inc spend its money?
Fred C Gloeckner Foundation Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Fred C Gloeckner Foundation Inc tax-deductible?
Fred C Gloeckner Foundation Inc is registered as a tax-exempt nonprofit (EIN: 136124190). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Fred C Gloeckner Foundation Inc's spending goes to programs?
Fred C Gloeckner Foundation Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Fred C Gloeckner Foundation Inc located?
Fred C Gloeckner Foundation Inc is headquartered in New Canaan, Connecticut and files with the IRS under EIN 136124190.
How many years of IRS 990 filings does Fred C Gloeckner Foundation Inc have?
Fred C Gloeckner Foundation Inc 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 $262K in total revenue.
Is Fred C Gloeckner Foundation Inc financially sustainable?
The foundation's consistent trend of expenses exceeding revenue (e.g., $154,600 expenses vs. $111,660 revenue in 2023) and the resulting decline in assets from $2.49 million in 2011 to $1.95 million in 2023 raise concerns about its long-term financial sustainability if this trend continues.
What are the primary expenses of the organization?
Without a detailed breakdown of expenses from the provided data, it's difficult to pinpoint the primary expense categories. However, the consistent high expense levels relative to revenue suggest significant operational or grant-making activities.
How does the organization fund its operations?
The organization primarily relies on its revenue, which fluctuates significantly (e.g., $62,110 in 2020 vs. $163,806 in 2021). Given the consistent deficit spending, it appears to be drawing down its asset base to cover expenses.
Filing History
IRS 990 filing history for Fred C Gloeckner Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Fred C Gloeckner Foundation Inc's revenue has declined by 18.7%, moving from $137K to $112K. Total assets decreased by 21.5% over the same period, from $2.5M to $2.0M. Total functional expenses fell by 14.6%, from $181K to $155K. In its most recent filing year (2023), Fred C Gloeckner Foundation Inc reported a deficit of $43K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $112K | $155K | $2.0M | $1 | — | View 990 |
| 2022 | $83K | $156K | $2.0M | $3K | — | View 990 |
| 2021 | $164K | $178K | $2.1M | $1 | — | View 990 |
| 2020 | $62K | $165K | $2.1M | $1 | — | — |
| 2019 | $149K | $181K | $2.2M | $11K | — | — |
| 2015 | $87K | $183K | $2.2M | $1 | — | View 990 |
| 2014 | $146K | $181K | $2.3M | $0 | — | View 990 |
| 2013 | $118K | $178K | $2.4M | $1 | — | View 990 |
| 2012 | $87K | $148K | $2.4M | $1 | — | View 990 |
| 2011 | $137K | $181K | $2.5M | $13K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $112K, expenses of $155K, and assets of $2.0M (revenue +34.8% year-over-year).
- 2022: Revenue of $83K, expenses of $156K, and assets of $2.0M (revenue -49.4% year-over-year).
- 2021: Revenue of $164K, expenses of $178K, and assets of $2.1M (revenue +163.7% year-over-year).
- 2020: Revenue of $62K, expenses of $165K, and assets of $2.1M (revenue -58.4% year-over-year).
- 2019: Revenue of $149K, expenses of $181K, and assets of $2.2M (revenue +72.5% year-over-year).
- 2015: Revenue of $87K, expenses of $183K, and assets of $2.2M (revenue -40.5% year-over-year).
- 2014: Revenue of $146K, expenses of $181K, and assets of $2.3M (revenue +22.9% year-over-year).
- 2013: Revenue of $118K, expenses of $178K, and assets of $2.4M (revenue +36.7% year-over-year).
- 2012: Revenue of $87K, expenses of $148K, and assets of $2.4M (revenue -37.0% year-over-year).
- 2011: Revenue of $137K, expenses of $181K, and assets of $2.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fred C Gloeckner Foundation Inc:
Data Sources and Methodology
This transparency report for Fred C Gloeckner Foundation Inc 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.