Gede Foundation
Gede Foundation reports $0 revenue and assets in its latest filing, indicating potential dormancy after years of fluctuating finances.
EIN: 10581980 · Washington, DC · Updated: 2026-03-28
Is Gede Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gede Foundation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gede Foundation
Gede Foundation (EIN: 10581980) is a nonprofit organization based in Washington, DC. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gede Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Gede Foundation with a Mission Score of 40 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Gede Foundation allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, suggesting either a volunteer-led executive team or that compensation is not disclosed in the standard officer compensation section, which warrants further investigation for a complete financial picture.
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 Gede Foundation's IRS 990 filings:
- Latest filing shows $0 revenue and assets, indicating potential dormancy or cessation of operations.
- Significant deficit in 2014, with expenses ($1,938,661) far exceeding revenue ($1,155,123).
- Fluctuating liabilities, ranging from $42,325 to $640,781, suggest inconsistent financial management.
- Lack of reported officer compensation across all filings could indicate incomplete disclosure or a fully volunteer-run executive, requiring clarification.
Strengths
The following positive indicators were identified for Gede Foundation:
- Historically, the organization has demonstrated the ability to raise over $1 million in revenue in multiple years (e.g., $1,039,647 in 2015, $1,155,123 in 2014, $1,233,540 in 2013).
Frequently Asked Questions about Gede Foundation
Is Gede Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Gede Foundation (EIN: 10581980) significant concerns. Mission Score: 40/100. 4 red flags identified, 1 strength noted.
How does Gede Foundation spend its money?
Gede Foundation directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Gede Foundation tax-deductible?
Gede Foundation is registered as a tax-exempt nonprofit (EIN: 10581980). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the current operational status of Gede Foundation given the $0 revenue and assets in the latest filing?
The latest filing suggests the organization may be dormant or has ceased operations, as it reports no financial activity or holdings.
How has Gede Foundation managed its liabilities, which have fluctuated significantly (e.g., $509,186 in 2015 vs. $42,325 in 2013)?
The significant fluctuation in liabilities indicates inconsistent financial management or varying operational needs, which could impact long-term stability.
What was the cause of the substantial deficit in 2014, where expenses ($1,938,661) far exceeded revenue ($1,155,123)?
The large deficit in 2014 points to a period of significant overspending or a one-time expense that was not covered by revenue, impacting financial health.
Filing History
IRS 990 filing history for Gede Foundation showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), Gede Foundation's revenue has grown by 85.2%, moving from $561K to $1.0M. Total assets increased by 67.1% over the same period, from $148K to $247K. Total functional expenses rose by 28.4%, from $776K to $997K. In its most recent filing year (2015), Gede Foundation reported a surplus of $43K, with revenue exceeding expenses. The organization holds $509K in liabilities against $247K in assets (debt-to-asset ratio: 206.1%), resulting in net assets of $-262,163.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2015 | $1.0M | $997K | $247K | $509K | — | — |
| 2014 | $1.2M | $1.9M | $247K | $626K | — | View 990 |
| 2013 | $1.2M | $1.1M | $446K | $42K | — | View 990 |
| 2012 | $717K | $1.1M | $399K | $641K | — | View 990 |
| 2011 | $561K | $776K | $148K | $54K | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $1.0M, expenses of $997K, and assets of $247K (revenue -10.0% year-over-year).
- 2014: Revenue of $1.2M, expenses of $1.9M, and assets of $247K (revenue -6.4% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.1M, and assets of $446K (revenue +72.0% year-over-year).
- 2012: Revenue of $717K, expenses of $1.1M, and assets of $399K (revenue +27.7% year-over-year).
- 2011: Revenue of $561K, expenses of $776K, and assets of $148K.
Data Sources and Methodology
This transparency report for Gede 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.