G Unger Vetlesen Foundation
G Unger Vetlesen Foundation consistently expends significant funds on its mission, often exceeding annual revenue, with no reported officer compensation.
EIN: 131982695 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.0M |
| Total Expenses | $10.2M |
| Program Spending | 95% |
| Net Assets | $53.2M |
| Transparency Score | 92/100 |
Is G Unger Vetlesen Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
G Unger Vetlesen Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About G Unger Vetlesen Foundation
G Unger Vetlesen Foundation (EIN: 131982695) is a nonprofit organization based in New York, NY. The organization reported total revenue of $6.0M and total assets of $47.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of G Unger Vetlesen Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
G Unger Vetlesen Foundation is a mid-size nonprofit that has been operating for 69 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.8M |
| Total Expenses | $10.2M |
| Surplus / Deficit | $-436,687 |
| Total Assets | $53.2M |
| Total Liabilities | $1 |
| Net Assets | $53.2M |
| Operating Margin | -4.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 62.5 months |
Financial Health Grade: B
In 2023, G Unger Vetlesen Foundation reported a deficit of $437K with expenses exceeding revenue, holds 62.5 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), G Unger Vetlesen Foundation's revenue has grown at a compound annual growth rate (CAGR) of 3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +358.4% | -5.2% | -0.8% |
| 2022 | -83.2% | +25.5% | -13.9% |
| 2021 | +574.6% | -0.2% | +7.1% |
| 2020 | -88.9% | +7.9% | -10.4% |
| 2019 | +316.2% | -0.4% | +30.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1957 |
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 G Unger Vetlesen Foundation with a Mission Score of 92 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, G Unger Vetlesen Foundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $437K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The G Unger Vetlesen Foundation reports 0% officer compensation across all ten available filing periods, indicating that executive leadership is either unpaid or compensated through other means not classified as officer compensation, which is highly favorable for spending efficiency.
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.
Strengths
The following positive indicators were identified for G Unger Vetlesen Foundation:
- Zero reported officer compensation across all filings, indicating high efficiency in executive remuneration.
- Consistent deployment of significant funds for programmatic purposes, often exceeding annual revenue.
- Strong and stable asset base, consistently above $44 million, ensuring long-term sustainability.
- Minimal reported liabilities, reflecting sound financial management.
Frequently Asked Questions about G Unger Vetlesen Foundation
Is G Unger Vetlesen Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, G Unger Vetlesen Foundation (EIN: 131982695) appears legitimate. Mission Score: 92/100. 0 red flags identified, 4 strengths noted.
How does G Unger Vetlesen Foundation spend its money?
G Unger Vetlesen Foundation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to G Unger Vetlesen Foundation tax-deductible?
G Unger Vetlesen Foundation is registered as a tax-exempt nonprofit (EIN: 131982695). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is G Unger Vetlesen Foundation located?
G Unger Vetlesen Foundation is headquartered in New York, New York and files with the IRS under EIN 131982695.
How many years of IRS 990 filings does G Unger Vetlesen Foundation have?
G Unger Vetlesen 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 $6.0M in total revenue.
Is the G Unger Vetlesen Foundation financially stable?
Yes, the foundation appears financially stable, consistently maintaining assets above $44 million and demonstrating a capacity to expend significant funds on its mission, even when annual revenue fluctuates.
How does the foundation manage executive compensation?
The foundation reports 0% officer compensation across all available filings, suggesting a highly efficient approach to executive remuneration or that leadership is uncompensated.
Does the foundation spend more than it earns?
In several years, such as 2023 and 2022, the foundation's expenses ($10,204,069 and $10,768,620 respectively) exceeded its revenue ($9,767,382 and $2,130,696 respectively), indicating it draws from its substantial asset base to fund its mission.
Filing History
IRS 990 filing history for G Unger Vetlesen Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), G Unger Vetlesen Foundation's revenue has grown by 48.2%, moving from $6.6M to $9.8M. Total assets increased by 20.5% over the same period, from $44.1M to $53.2M. Total functional expenses rose by 86%, from $5.5M to $10.2M. In its most recent filing year (2023), G Unger Vetlesen Foundation reported a deficit of $437K, with expenses exceeding revenue. The organization holds $1 in liabilities against $53.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $53.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9.8M | $10.2M | $53.2M | $1 | — | — |
| 2022 | $2.1M | $10.8M | $53.6M | $1 | — | — |
| 2021 | $12.7M | $8.6M | $62.2M | $1 | — | View 990 |
| 2020 | $1.9M | $8.6M | $58.1M | $1 | — | — |
| 2019 | $16.9M | $8.0M | $64.8M | $0 | — | View 990 |
| 2015 | $4.1M | $8.0M | $49.8M | $0 | — | View 990 |
| 2014 | $10.9M | $7.4M | $53.8M | $0 | — | View 990 |
| 2013 | $9.0M | $6.2M | $50.3M | $0 | — | View 990 |
| 2012 | $9.6M | $6.1M | $47.5M | $0 | — | View 990 |
| 2011 | $6.6M | $5.5M | $44.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.8M, expenses of $10.2M, and assets of $53.2M (revenue +358.4% year-over-year).
- 2022: Revenue of $2.1M, expenses of $10.8M, and assets of $53.6M (revenue -83.2% year-over-year).
- 2021: Revenue of $12.7M, expenses of $8.6M, and assets of $62.2M (revenue +574.6% year-over-year).
- 2020: Revenue of $1.9M, expenses of $8.6M, and assets of $58.1M (revenue -88.9% year-over-year).
- 2019: Revenue of $16.9M, expenses of $8.0M, and assets of $64.8M (revenue +316.2% year-over-year).
- 2015: Revenue of $4.1M, expenses of $8.0M, and assets of $49.8M (revenue -62.6% year-over-year).
- 2014: Revenue of $10.9M, expenses of $7.4M, and assets of $53.8M (revenue +21.5% year-over-year).
- 2013: Revenue of $9.0M, expenses of $6.2M, and assets of $50.3M (revenue -6.5% year-over-year).
- 2012: Revenue of $9.6M, expenses of $6.1M, and assets of $47.5M (revenue +45.3% year-over-year).
- 2011: Revenue of $6.6M, expenses of $5.5M, and assets of $44.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for G Unger Vetlesen Foundation:
Data Sources and Methodology
This transparency report for G Unger Vetlesen 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.