Gary Aidekman Family Foundation Inc
Gary Aidekman Family Foundation consistently spends more than its revenue, drawing down assets over the past decade.
EIN: 203928499 · Chatham, NJ · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $736K |
| Total Expenses | $163K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $1.9M |
| Transparency Score | 85/100 |
Is Gary Aidekman Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gary Aidekman Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gary Aidekman Family Foundation Inc
Gary Aidekman Family Foundation Inc (EIN: 203928499) is a nonprofit organization based in Chatham, NJ, classified under NTEE code T20. The organization reported total revenue of $736K and total assets of $2.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gary Aidekman Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gary Aidekman Family Foundation Inc is a small nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $160K |
| Total Expenses | $163K |
| Surplus / Deficit | $-3,041 |
| Total Assets | $1.9M |
| Total Liabilities | $1 |
| Net Assets | $1.9M |
| Operating Margin | -1.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 140.2 months |
Financial Health Grade: B
In 2023, Gary Aidekman Family Foundation Inc reported a deficit of $3K with expenses exceeding revenue, holds 140.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.4% | -13.6% | -0.2% |
| 2022 | +22.9% | +9.6% | -2.6% |
| 2021 | -9.8% | +24.1% | -3.1% |
| 2020 | +4.4% | -21.0% | -0.3% |
| 2019 | +21.7% | +3.6% | -4.1% |
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 Gary Aidekman Family Foundation Inc with a Mission Score of 85 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, Gary Aidekman Family Foundation Inc 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:
- The organization reported a deficit of $3K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers are not compensated, which is highly favorable for a foundation of this size with assets around $2 million.
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 Gary Aidekman Family Foundation Inc's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) in all reported periods, leading to asset decline.
- Lack of detailed expense breakdown in summary data makes it difficult to fully assess administrative vs. program spending.
Strengths
The following positive indicators were identified for Gary Aidekman Family Foundation Inc:
- Consistent 0% officer compensation, indicating efficient use of funds and volunteer leadership.
- Long history of IRS 990 filings (10 filings), demonstrating transparency.
- Substantial asset base ($1.9 million in 2023) provides a strong financial foundation for grantmaking.
- Clear focus on grantmaking as a private foundation.
Frequently Asked Questions about Gary Aidekman Family Foundation Inc
Is Gary Aidekman Family Foundation Inc a legitimate charity?
Gary Aidekman Family Foundation Inc (EIN: 203928499) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $736K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Gary Aidekman Family Foundation Inc spend its money?
Gary Aidekman Family Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Gary Aidekman Family Foundation Inc tax-deductible?
Gary Aidekman Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203928499). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Gary Aidekman Family Foundation Inc CEO make?
Gary Aidekman Family Foundation Inc's highest-compensated officer earns $2 annually. The organization reported $736K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Gary Aidekman Family Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Gary Aidekman Family Foundation Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Gary Aidekman Family Foundation Inc located?
Gary Aidekman Family Foundation Inc is headquartered in Chatham, New Jersey and files with the IRS under EIN 203928499. It is classified under NTEE code T20.
How many years of IRS 990 filings does Gary Aidekman Family Foundation Inc have?
Gary Aidekman Family 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 $736K in total revenue.
Is the Gary Aidekman Family Foundation Inc. financially sustainable long-term?
The foundation has consistently spent more than its revenue for over a decade, leading to a decline in assets from $2.3 million in 2011 to $1.9 million in 2023. While its current asset base is substantial, this trend suggests a gradual depletion of its endowment if not offset by future revenue growth or reduced spending.
What is the primary activity of this organization?
As a private grantmaking foundation (NTEE code T20), its primary activity is making grants to other organizations or individuals to further charitable purposes, rather than directly operating programs.
How does the lack of officer compensation impact its operations?
The consistent reporting of 0% officer compensation suggests that the foundation operates with a volunteer or uncompensated leadership, which significantly reduces administrative overhead and allows a greater proportion of funds to be directed towards its charitable mission.
Filing History
IRS 990 filing history for Gary Aidekman Family Foundation Inc showing financial trends over 10 years of public records:
Total assets decreased by 17.2% over the same period, from $2.3M to $1.9M. Total functional expenses fell by 23.6%, from $214K to $163K. In its most recent filing year (2023), Gary Aidekman Family Foundation Inc reported a deficit of $3K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $160K | $163K | $1.9M | $1 | — | View 990 |
| 2022 | $141K | $189K | $1.9M | $1 | — | View 990 |
| 2021 | $115K | $172K | $2.0M | $1 | — | View 990 |
| 2020 | $127K | $139K | $2.0M | $5K | — | — |
| 2019 | $122K | $176K | $2.0M | $1 | — | View 990 |
| 2015 | $100K | $170K | $2.1M | $0 | — | View 990 |
| 2014 | $152K | $158K | $2.2M | $0 | — | View 990 |
| 2013 | $88K | $148K | $2.2M | $0 | — | View 990 |
| 2012 | $104K | $151K | $2.3M | $0 | — | View 990 |
| 2011 | $-43,671 | $214K | $2.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $160K, expenses of $163K, and assets of $1.9M (revenue +13.4% year-over-year).
- 2022: Revenue of $141K, expenses of $189K, and assets of $1.9M (revenue +22.9% year-over-year).
- 2021: Revenue of $115K, expenses of $172K, and assets of $2.0M (revenue -9.8% year-over-year).
- 2020: Revenue of $127K, expenses of $139K, and assets of $2.0M (revenue +4.4% year-over-year).
- 2019: Revenue of $122K, expenses of $176K, and assets of $2.0M (revenue +21.7% year-over-year).
- 2015: Revenue of $100K, expenses of $170K, and assets of $2.1M (revenue -33.8% year-over-year).
- 2014: Revenue of $152K, expenses of $158K, and assets of $2.2M (revenue +72.4% year-over-year).
- 2013: Revenue of $88K, expenses of $148K, and assets of $2.2M (revenue -15.7% year-over-year).
- 2012: Revenue of $104K, expenses of $151K, and assets of $2.3M.
- 2011: Revenue of $-43,671, expenses of $214K, and assets of $2.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gary Aidekman Family Foundation Inc:
Data Sources and Methodology
This transparency report for Gary Aidekman Family 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.