General William Mayer Foundation Inc
General William Mayer Foundation maintains strong assets with zero officer compensation, though 2023 expenses exceeded revenue.
EIN: 132625602 · West Hartford, CT · Updated: 2026-03-28
Is General William Mayer Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
General William Mayer Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About General William Mayer Foundation Inc
General William Mayer Foundation Inc (EIN: 132625602) is a nonprofit organization based in West Hartford, CT. The organization reported total revenue of $809K and total assets of $1.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of General William Mayer Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
General William Mayer Foundation Inc is a small nonprofit that has been operating for 57 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $107K |
| Total Expenses | $166K |
| Surplus / Deficit | $-59,286 |
| Total Assets | $1.9M |
| Total Liabilities | $1 |
| Net Assets | $1.9M |
| Operating Margin | -55.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 138.4 months |
Financial Health Grade: B
In 2023, General William Mayer Foundation Inc reported a deficit of $59K with expenses exceeding revenue, holds 138.4 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), General William Mayer Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -55.6% | +43.6% | -3.0% |
| 2022 | +7.8% | -31.6% | +6.8% |
| 2021 | +29.8% | +130.6% | +3.0% |
| 2020 | +9.3% | -55.0% | +5.8% |
| 2019 | +27.0% | +13.2% | +0.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1969 |
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 General William Mayer 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, General William Mayer 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 $59K, 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 no salaries are paid to officers, which is highly unusual for an organization of its asset size ($1.9 million in 2023).
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 General William Mayer Foundation Inc's IRS 990 filings:
- Expenses exceeded revenue in the latest fiscal period (202312), leading to a decrease in assets.
- NTEE Code is unknown, making peer comparison difficult.
Strengths
The following positive indicators were identified for General William Mayer Foundation Inc:
- Consistently strong asset base, exceeding $1.9 million in 2023.
- Extremely low liabilities, consistently reported as $1.
- Zero officer compensation reported across all filings, indicating high efficiency in this area.
- Consistent filing of IRS Form 990s over a decade, demonstrating transparency.
Frequently Asked Questions about General William Mayer Foundation Inc
Is General William Mayer Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, General William Mayer Foundation Inc (EIN: 132625602) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does General William Mayer Foundation Inc spend its money?
General William Mayer Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to General William Mayer Foundation Inc tax-deductible?
General William Mayer Foundation Inc is registered as a tax-exempt nonprofit (EIN: 132625602). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the General William Mayer Foundation Inc. financially stable?
Yes, the foundation appears financially stable, consistently holding over $1.6 million in assets, reaching $1,912,370 in 2023, and reporting minimal liabilities ($1).
How does the foundation manage executive compensation?
The foundation reports 0% officer compensation in all available filings, meaning no salaries are paid to its executives.
Did the foundation operate at a deficit in its latest fiscal period?
Yes, in the 202312 period, the foundation's expenses ($165,866) exceeded its revenue ($106,580).
What is the trend in the foundation's assets?
The foundation's assets have shown a general upward trend over the past decade, from $1,670,764 in 2011 to $1,912,370 in 2023, despite minor fluctuations.
Filing History
IRS 990 filing history for General William Mayer Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), General William Mayer Foundation Inc's revenue has declined by 38.3%, moving from $173K to $107K. Total assets increased by 14.5% over the same period, from $1.7M to $1.9M. Total functional expenses rose by 38.4%, from $120K to $166K. In its most recent filing year (2023), General William Mayer Foundation Inc reported a deficit of $59K, 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 | $107K | $166K | $1.9M | $1 | — | View 990 |
| 2022 | $240K | $115K | $2.0M | $1 | — | View 990 |
| 2021 | $223K | $169K | $1.8M | $1 | — | — |
| 2020 | $172K | $73K | $1.8M | $1 | — | View 990 |
| 2019 | $157K | $163K | $1.7M | $1 | — | View 990 |
| 2015 | $124K | $144K | $1.7M | $1 | — | View 990 |
| 2014 | $139K | $150K | $1.7M | $1 | — | View 990 |
| 2013 | $169K | $130K | $1.7M | $1 | — | View 990 |
| 2012 | $140K | $134K | $1.7M | $1 | — | View 990 |
| 2011 | $173K | $120K | $1.7M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $107K, expenses of $166K, and assets of $1.9M (revenue -55.6% year-over-year).
- 2022: Revenue of $240K, expenses of $115K, and assets of $2.0M (revenue +7.8% year-over-year).
- 2021: Revenue of $223K, expenses of $169K, and assets of $1.8M (revenue +29.8% year-over-year).
- 2020: Revenue of $172K, expenses of $73K, and assets of $1.8M (revenue +9.3% year-over-year).
- 2019: Revenue of $157K, expenses of $163K, and assets of $1.7M (revenue +27.0% year-over-year).
- 2015: Revenue of $124K, expenses of $144K, and assets of $1.7M (revenue -10.9% year-over-year).
- 2014: Revenue of $139K, expenses of $150K, and assets of $1.7M (revenue -17.8% year-over-year).
- 2013: Revenue of $169K, expenses of $130K, and assets of $1.7M (revenue +20.9% year-over-year).
- 2012: Revenue of $140K, expenses of $134K, and assets of $1.7M (revenue -19.2% year-over-year).
- 2011: Revenue of $173K, expenses of $120K, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for General William Mayer Foundation Inc:
Data Sources and Methodology
This transparency report for General William Mayer 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.