Gertrude B Elion Foundation
Gertrude B Elion Foundation operates with minimal revenue and expenses, often spending more than it earns.
EIN: 201304334 · Narragansett, RI · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1 |
| Total Expenses | $71 |
| Program Spending | 70% |
| Net Assets | $6K |
| Transparency Score | 40/100 |
Is Gertrude B Elion Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gertrude B Elion Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Gertrude B Elion Foundation
Gertrude B Elion Foundation (EIN: 201304334) is a nonprofit organization based in Narragansett, RI, classified under NTEE code T22. The organization reported total revenue of $1 and total assets of $5K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gertrude B Elion Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gertrude B Elion Foundation is a micro nonprofit that has been operating for 21 years, with 11 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -29.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1 |
| Total Expenses | $71 |
| Surplus / Deficit | $-70 |
| Total Assets | $6K |
| Total Liabilities | $1 |
| Net Assets | $6K |
| Operating Margin | -7000.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 1041.8 months |
Financial Health Grade: B
In 2023, Gertrude B Elion Foundation reported a deficit of $70 with expenses exceeding revenue, holds 1041.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 11 years of filings (2010–2023), Gertrude B Elion Foundation's revenue has declined at a compound annual growth rate (CAGR) of -29.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -99.9% | -94.0% | -1.1% |
| 2022 | +109900.0% | +18.2% | -1.3% |
| 2021 | -99.9% | +2400.0% | -13.7% |
| 2020 | +109900.0% | -96.1% | +16.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Gertrude B Elion 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: 30%
- programs: 70%
- fundraising: 0%
According to IRS 990 filings, Gertrude B Elion Foundation allocates its expenses as follows: admin: 30%, programs: 70%, fundraising: 0%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $70, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is entirely volunteer-based and no funds are allocated to executive salaries, which is highly efficient for a small nonprofit.
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 Gertrude B Elion Foundation's IRS 990 filings:
- Consistently extremely low revenue (often $1 per year), raising questions about operational capacity.
- Expenses frequently exceed revenue (e.g., 2023: $1 revenue, $71 expenses; 2022: $1,100 revenue, $1,182 expenses), indicating reliance on dwindling assets.
- Minimal asset base ($4,920) for an organization with a mission in Medical Research, suggesting limited impact potential.
- Lack of significant financial growth or activity over more than a decade of filings.
Strengths
The following positive indicators were identified for Gertrude B Elion Foundation:
- Zero officer compensation reported across all filings, indicating volunteer leadership and efficient use of funds for executive pay.
- Very low liabilities (often $1), indicating a low financial risk profile in terms of debt.
Frequently Asked Questions about Gertrude B Elion Foundation
Is Gertrude B Elion Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Gertrude B Elion Foundation (EIN: 201304334) significant concerns. Mission Score: 40/100. 4 red flags identified, 2 strengths noted.
How does Gertrude B Elion Foundation spend its money?
Gertrude B Elion Foundation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Gertrude B Elion Foundation tax-deductible?
Gertrude B Elion Foundation is registered as a tax-exempt nonprofit (EIN: 201304334). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Gertrude B Elion Foundation compare to similar nonprofits?
With a transparency score of 40/100 (Fair), Gertrude B Elion Foundation is near average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Gertrude B Elion Foundation located?
Gertrude B Elion Foundation is headquartered in Narragansett, Rhode Island and files with the IRS under EIN 201304334. It is classified under NTEE code T22.
How many years of IRS 990 filings does Gertrude B Elion Foundation have?
Gertrude B Elion Foundation has 11 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 in total revenue.
What are the specific programs or activities the Gertrude B Elion Foundation undertakes given its minimal financial resources?
The IRS 990 filings do not provide detailed program descriptions, but the NTEE code T22 suggests a focus on Medical Research. With annual revenues often at $1 or $1,100 and expenses sometimes exceeding this, the scope of any significant research activities would be extremely limited.
How does the foundation cover its expenses when revenue is consistently lower, such as in 2023 ($1 revenue vs. $71 expenses)?
When expenses exceed revenue, the organization likely draws from its small existing asset base to cover the difference. For example, in 2023, assets decreased from $6,235 to $6,164, reflecting the deficit spending.
Is the Gertrude B Elion Foundation actively engaged in its stated mission of Medical Research?
Given the extremely low financial activity (e.g., $1 revenue in multiple years), it is highly improbable that the foundation is actively engaged in significant medical research. Its operations appear to be minimal, possibly limited to maintaining its legal status.
Filing History
IRS 990 filing history for Gertrude B Elion Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2010–2023), Gertrude B Elion Foundation's revenue has declined by 99%, moving from $100 to $1. Total functional expenses rose by 255%, from $20 to $71. In its most recent filing year (2023), Gertrude B Elion Foundation reported a deficit of $70, with expenses exceeding revenue. The organization holds $1 in liabilities against $6K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $6K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1 | $71 | $6K | $1 | — | — |
| 2022 | $1K | $1K | $6K | $1 | — | View 990 |
| 2021 | $1 | $1K | $6K | $1 | — | — |
| 2020 | $1K | $40 | $7K | $1 | — | View 990 |
| 2019 | $1 | $1K | $6K | $1 | — | View 990 |
| 2015 | $0 | $20 | $6K | $0 | — | View 990 |
| 2014 | $1K | $20 | $6K | $0 | — | View 990 |
| 2013 | $1K | $67 | $5K | $0 | — | View 990 |
| 2012 | $100 | $0 | $4K | $0 | — | View 990 |
| 2011 | $1K | $282 | $4K | $0 | — | — |
| 2010 | $100 | $20 | $0 | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $1, expenses of $71, and assets of $6K (revenue -99.9% year-over-year).
- 2022: Revenue of $1K, expenses of $1K, and assets of $6K (revenue +109900.0% year-over-year).
- 2021: Revenue of $1, expenses of $1K, and assets of $6K (revenue -99.9% year-over-year).
- 2020: Revenue of $1K, expenses of $40, and assets of $7K (revenue +109900.0% year-over-year).
- 2019: Revenue of $1, expenses of $1K, and assets of $6K.
- 2015: Revenue of $0, expenses of $20, and assets of $6K (revenue -100.0% year-over-year).
- 2014: Revenue of $1K, expenses of $20, and assets of $6K (revenue +10.0% year-over-year).
- 2013: Revenue of $1K, expenses of $67, and assets of $5K (revenue +900.0% year-over-year).
- 2012: Revenue of $100, expenses of $0, and assets of $4K (revenue -90.0% year-over-year).
- 2011: Revenue of $1K, expenses of $282, and assets of $4K (revenue +900.0% year-over-year).
- 2010: Revenue of $100, expenses of $20, and assets of $0.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gertrude B Elion Foundation:
Data Sources and Methodology
This transparency report for Gertrude B Elion 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.