Gary Peters Family Foundation Inc
Gary Peters Family Foundation consistently spends more than its revenue, drawing down assets for grantmaking.
EIN: 201067444 · Boca Raton, FL · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $454K |
| Program Spending | 90% |
| Net Assets | $5.0M |
| Transparency Score | 85/100 |
Is Gary Peters 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 Peters Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gary Peters Family Foundation Inc
Gary Peters Family Foundation Inc (EIN: 201067444) is a nonprofit organization based in Boca Raton, FL, classified under NTEE code T20. The organization reported total revenue of $1.2M and total assets of $5.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gary Peters Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gary Peters Family Foundation Inc is a mid-size nonprofit that has been operating for 8 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -9.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $111K |
| Total Expenses | $454K |
| Surplus / Deficit | $-343,243 |
| Total Assets | $5.5M |
| Total Liabilities | $507K |
| Net Assets | $5.0M |
| Operating Margin | -309.9% |
| Debt-to-Asset Ratio | 9.2% |
| Months of Reserves | 145.2 months |
Financial Health Grade: B
In 2023, Gary Peters Family Foundation Inc reported a deficit of $343K with expenses exceeding revenue, holds 145.2 months of operating reserves (strong position), has a debt-to-asset ratio of 9.2% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Gary Peters Family Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -9.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.5% | -33.8% | -3.2% |
| 2022 | -40.9% | -0.4% | -4.2% |
| 2021 | +17.4% | +6.9% | -2.8% |
| 2020 | -41.3% | -15.3% | -4.3% |
| 2019 | -30.8% | +27.5% | -21.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2018 |
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 Peters 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 Peters 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 $343K, with expenses exceeding revenue.
- Debt-to-asset ratio: 9.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly efficient for a foundation of this size and type.
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 Peters Family Foundation Inc's IRS 990 filings:
- Consistent decline in assets due to expenses exceeding revenue, which may limit future grantmaking capacity if not replenished.
Strengths
The following positive indicators were identified for Gary Peters Family Foundation Inc:
- Zero officer compensation, indicating highly efficient use of funds for charitable purposes.
- Consistent IRS 990 filing history, demonstrating good transparency.
- Significant distributions relative to revenue, suggesting active grantmaking aligned with its mission.
Frequently Asked Questions about Gary Peters Family Foundation Inc
Is Gary Peters Family Foundation Inc a legitimate charity?
Gary Peters Family Foundation Inc (EIN: 201067444) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.2M. 1 red flag identified. 3 strengths noted. Financial health grade: B.
How does Gary Peters Family Foundation Inc spend its money?
Gary Peters Family Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Gary Peters Family Foundation Inc tax-deductible?
Gary Peters Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 201067444). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Gary Peters Family Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Gary Peters 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 Peters Family Foundation Inc located?
Gary Peters Family Foundation Inc is headquartered in Boca Raton, Florida and files with the IRS under EIN 201067444. It is classified under NTEE code T20.
How many years of IRS 990 filings does Gary Peters Family Foundation Inc have?
Gary Peters 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 $1.2M in total revenue.
Is the Gary Peters Family Foundation Inc. actively fundraising?
Based on the consistent trend of expenses exceeding revenue and the declining asset base, it appears the foundation is primarily distributing its existing capital rather than actively fundraising to grow its endowment. The absence of officer compensation also suggests a lean operational model not focused on fundraising activities.
What is the primary purpose of the foundation's spending?
As a private grantmaking foundation (NTEE T20), its primary purpose is to make grants to other organizations or individuals. The consistent high expenses relative to revenue indicate significant distributions towards its charitable mission.
How has the foundation's asset base changed over time?
The foundation's assets have steadily decreased from a high of $8,545,722 in 2012 to $5,494,605 in 2023, reflecting a consistent strategy of spending down its capital for its charitable activities.
Filing History
IRS 990 filing history for Gary Peters Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Gary Peters Family Foundation Inc's revenue has declined by 67.6%, moving from $342K to $111K. Total assets decreased by 34.9% over the same period, from $8.4M to $5.5M. Total functional expenses fell by 17.8%, from $552K to $454K. In its most recent filing year (2023), Gary Peters Family Foundation Inc reported a deficit of $343K, with expenses exceeding revenue. The organization holds $507K in liabilities against $5.5M in assets (debt-to-asset ratio: 9.2%), resulting in net assets of $5.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $111K | $454K | $5.5M | $507K | — | View 990 |
| 2022 | $117K | $686K | $5.7M | $507K | — | View 990 |
| 2021 | $198K | $689K | $5.9M | $1 | — | View 990 |
| 2020 | $169K | $644K | $6.1M | $1 | — | View 990 |
| 2019 | $288K | $760K | $6.4M | $1 | — | — |
| 2015 | $416K | $596K | $8.2M | $1 | — | View 990 |
| 2014 | $558K | $502K | $8.4M | $1 | — | View 990 |
| 2013 | $316K | $532K | $8.3M | $1 | — | View 990 |
| 2012 | $507K | $483K | $8.5M | $1 | — | View 990 |
| 2011 | $342K | $552K | $8.4M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $111K, expenses of $454K, and assets of $5.5M (revenue -5.5% year-over-year).
- 2022: Revenue of $117K, expenses of $686K, and assets of $5.7M (revenue -40.9% year-over-year).
- 2021: Revenue of $198K, expenses of $689K, and assets of $5.9M (revenue +17.4% year-over-year).
- 2020: Revenue of $169K, expenses of $644K, and assets of $6.1M (revenue -41.3% year-over-year).
- 2019: Revenue of $288K, expenses of $760K, and assets of $6.4M (revenue -30.8% year-over-year).
- 2015: Revenue of $416K, expenses of $596K, and assets of $8.2M (revenue -25.6% year-over-year).
- 2014: Revenue of $558K, expenses of $502K, and assets of $8.4M (revenue +76.6% year-over-year).
- 2013: Revenue of $316K, expenses of $532K, and assets of $8.3M (revenue -37.7% year-over-year).
- 2012: Revenue of $507K, expenses of $483K, and assets of $8.5M (revenue +48.5% year-over-year).
- 2011: Revenue of $342K, expenses of $552K, and assets of $8.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gary Peters Family Foundation Inc:
Data Sources and Methodology
This transparency report for Gary Peters 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.