George M Van Cleave Family Foundation
George M Van Cleave Family Foundation maintains strong asset growth and zero officer compensation amidst fluctuating revenues.
EIN: 202789576 · Chicago, IL · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.0M |
| Total Expenses | $2.0M |
| Program Spending | 95% |
| Net Assets | $24.1M |
| Transparency Score | 90/100 |
Is George M Van Cleave Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
George M Van Cleave Family Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About George M Van Cleave Family Foundation
George M Van Cleave Family Foundation (EIN: 202789576) is a nonprofit organization based in Chicago, IL, classified under NTEE code T20. The organization reported total revenue of $5.0M and total assets of $24.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of George M Van Cleave Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
George M Van Cleave Family Foundation is a mid-size nonprofit that has been operating for 20 years, with 9 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 7.8%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $675K |
| Total Expenses | $2.0M |
| Surplus / Deficit | $-1,320,672 |
| Total Assets | $24.1M |
| Total Liabilities | $1 |
| Net Assets | $24.1M |
| Operating Margin | -195.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 144.8 months |
Financial Health Grade: B
In 2022, George M Van Cleave Family Foundation reported a deficit of $1.3M with expenses exceeding revenue, holds 144.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2022), George M Van Cleave Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 7.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -50.7% | -12.8% | -5.4% |
| 2021 | -92.6% | +15.0% | -3.5% |
| 2020 | -0.2% | +79.1% | +51.0% |
| 2019 | +2982.0% | -10.9% | +128.1% |
| 2015 | -61.7% | +3.3% | -7.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 George M Van Cleave Family Foundation with a Mission Score of 90 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, George M Van Cleave Family 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.3M, 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 favorable for directing resources towards the foundation's mission.
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 George M Van Cleave Family Foundation's IRS 990 filings:
- Significant year-over-year revenue volatility, making future income less predictable.
Strengths
The following positive indicators were identified for George M Van Cleave Family Foundation:
- Consistent asset growth from $4.9M in 2011 to $24M in 2022, indicating strong financial management.
- Zero officer compensation reported across all filings, maximizing funds for programmatic use.
- Minimal liabilities (typically $1) demonstrating excellent financial stability.
- Consistent IRS 990 filing history, indicating good transparency and compliance.
- Strong program focus as a grant-making private foundation (NTEE T20).
Frequently Asked Questions about George M Van Cleave Family Foundation
Is George M Van Cleave Family Foundation a legitimate charity?
George M Van Cleave Family Foundation (EIN: 202789576) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 90/100. It has 9 years of IRS 990 filings on record. Total revenue: $5.0M. 1 red flag identified. 5 strengths noted. Financial health grade: B.
How does George M Van Cleave Family Foundation spend its money?
George M Van Cleave Family Foundation directs 95% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to George M Van Cleave Family Foundation tax-deductible?
George M Van Cleave Family Foundation is registered as a tax-exempt nonprofit (EIN: 202789576). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does George M Van Cleave Family Foundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), George M Van Cleave Family Foundation 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 George M Van Cleave Family Foundation located?
George M Van Cleave Family Foundation is headquartered in Chicago, Illinois and files with the IRS under EIN 202789576. It is classified under NTEE code T20.
How many years of IRS 990 filings does George M Van Cleave Family Foundation have?
George M Van Cleave Family Foundation has 9 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 $5.0M in total revenue.
How does the foundation manage its administrative costs given 0% officer compensation?
With 0% officer compensation reported, it's likely that administrative functions are either performed by volunteers, covered by other entities, or are exceptionally low, allowing a higher percentage of funds to be allocated to grants.
What is the primary source of the foundation's revenue fluctuations?
The significant revenue fluctuations, such as $18.5M in 2019 and 2020 versus $675K in 2022, are likely due to varying investment returns or large, infrequent contributions, which is common for private foundations.
What is the foundation's grant-making strategy?
As a private foundation (NTEE T20), its primary strategy is to make grants to other organizations. The consistent growth in assets suggests a long-term commitment to increasing its grant-making capacity.
Filing History
IRS 990 filing history for George M Van Cleave Family Foundation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2022), George M Van Cleave Family Foundation's revenue has grown by 129.6%, moving from $294K to $675K. Total assets increased by 382% over the same period, from $5.0M to $24.1M. Total functional expenses rose by 103.7%, from $980K to $2.0M. In its most recent filing year (2022), George M Van Cleave Family Foundation reported a deficit of $1.3M, with expenses exceeding revenue. The organization holds $1 in liabilities against $24.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $24.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $675K | $2.0M | $24.1M | $1 | — | View 990 |
| 2021 | $1.4M | $2.3M | $25.5M | $1 | — | View 990 |
| 2020 | $18.6M | $2.0M | $26.4M | $1 | — | View 990 |
| 2019 | $18.6M | $1.1M | $17.5M | $1 | — | — |
| 2015 | $603K | $1.2M | $7.7M | $14K | — | View 990 |
| 2014 | $1.6M | $1.2M | $8.3M | $0 | — | View 990 |
| 2013 | $1.3M | $1.0M | $7.9M | $5K | — | View 990 |
| 2012 | $7.5M | $943K | $7.7M | $5K | — | View 990 |
| 2011 | $294K | $980K | $5.0M | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $675K, expenses of $2.0M, and assets of $24.1M (revenue -50.7% year-over-year).
- 2021: Revenue of $1.4M, expenses of $2.3M, and assets of $25.5M (revenue -92.6% year-over-year).
- 2020: Revenue of $18.6M, expenses of $2.0M, and assets of $26.4M (revenue -0.2% year-over-year).
- 2019: Revenue of $18.6M, expenses of $1.1M, and assets of $17.5M (revenue +2982.0% year-over-year).
- 2015: Revenue of $603K, expenses of $1.2M, and assets of $7.7M (revenue -61.7% year-over-year).
- 2014: Revenue of $1.6M, expenses of $1.2M, and assets of $8.3M (revenue +23.9% year-over-year).
- 2013: Revenue of $1.3M, expenses of $1.0M, and assets of $7.9M (revenue -83.0% year-over-year).
- 2012: Revenue of $7.5M, expenses of $943K, and assets of $7.7M (revenue +2441.2% year-over-year).
- 2011: Revenue of $294K, expenses of $980K, and assets of $5.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for George M Van Cleave Family Foundation:
Data Sources and Methodology
This transparency report for George M Van Cleave Family 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.