Gertrude N Goldowsky And Seebert J Goldowsky Foundation
Goldowsky Foundation consistently spends more than annual revenue, drawing from its multi-million dollar asset base.
EIN: 116605055 · Providence, RI · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $347K |
| Total Expenses | $205K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $2.3M |
| Net Assets | $2.5M |
| Transparency Score | 85/100 |
Is Gertrude N Goldowsky And Seebert J Goldowsky Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gertrude N Goldowsky And Seebert J Goldowsky Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gertrude N Goldowsky And Seebert J Goldowsky Foundation
Gertrude N Goldowsky And Seebert J Goldowsky Foundation (EIN: 116605055) is a nonprofit organization based in Providence, RI, classified under NTEE code T22. The organization reported total revenue of $347K and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gertrude N Goldowsky And Seebert J Goldowsky Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gertrude N Goldowsky And Seebert J Goldowsky Foundation is a small nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $88K |
| Total Expenses | $205K |
| Surplus / Deficit | $-117,732 |
| Total Assets | $2.5M |
| Total Liabilities | $1 |
| Net Assets | $2.5M |
| Operating Margin | -134.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 146.0 months |
Financial Health Grade: B
In 2023, Gertrude N Goldowsky And Seebert J Goldowsky Foundation reported a deficit of $118K with expenses exceeding revenue, holds 146.0 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), Gertrude N Goldowsky And Seebert J Goldowsky Foundation's revenue has grown at a compound annual growth rate (CAGR) of 5.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.1% | -26.9% | -4.5% |
| 2022 | -9.4% | +86.9% | -7.0% |
| 2021 | -87.9% | +95.3% | -2.8% |
| 2020 | +538.1% | +8.4% | +31.5% |
| 2019 | +12.1% | -20.0% | +13.4% |
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 Gertrude N Goldowsky And Seebert J Goldowsky Foundation 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, Gertrude N Goldowsky And Seebert J Goldowsky Foundation 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 $118K, 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 ($2.3M+).
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 N Goldowsky And Seebert J Goldowsky Foundation's IRS 990 filings:
- Consistent negative net income in recent years (e.g., 2023: -$117,732; 2022: -$197,409), indicating reliance on asset drawdowns.
Strengths
The following positive indicators were identified for Gertrude N Goldowsky And Seebert J Goldowsky Foundation:
- Zero officer compensation reported across all filings, indicating efficient use of funds at the executive level.
- Substantial and stable asset base ($2.49M in 2023) providing long-term financial security for its mission.
- Very low liabilities, often $1, demonstrating strong financial management and minimal debt.
- Consistent filing history (10 filings) providing good transparency into financial operations.
Frequently Asked Questions about Gertrude N Goldowsky And Seebert J Goldowsky Foundation
Is Gertrude N Goldowsky And Seebert J Goldowsky Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Gertrude N Goldowsky And Seebert J Goldowsky Foundation (EIN: 116605055) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Gertrude N Goldowsky And Seebert J Goldowsky Foundation spend its money?
Gertrude N Goldowsky And Seebert J Goldowsky Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Gertrude N Goldowsky And Seebert J Goldowsky Foundation tax-deductible?
Gertrude N Goldowsky And Seebert J Goldowsky Foundation is registered as a tax-exempt nonprofit (EIN: 116605055). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Gertrude N Goldowsky And Seebert J Goldowsky Foundation CEO make?
Gertrude N Goldowsky And Seebert J Goldowsky Foundation's highest-compensated officer earns $2.3M annually. The organization reported $347K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Gertrude N Goldowsky And Seebert J Goldowsky Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Gertrude N Goldowsky And Seebert J Goldowsky Foundation is above 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 N Goldowsky And Seebert J Goldowsky Foundation located?
Gertrude N Goldowsky And Seebert J Goldowsky Foundation is headquartered in Providence, Rhode Island and files with the IRS under EIN 116605055. It is classified under NTEE code T22.
How many years of IRS 990 filings does Gertrude N Goldowsky And Seebert J Goldowsky Foundation have?
Gertrude N Goldowsky And Seebert J Goldowsky Foundation 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 $347K in total revenue.
Is the Gertrude N Goldowsky And Seebert J Goldowsky Foundation a good charity?
Based on the available data, the foundation appears to be a well-managed grant-making entity with a substantial asset base and no executive compensation. Its consistent grant-making, even when annual revenue is lower than expenses, suggests a commitment to its mission. However, without specific program details, it's hard to assess the direct impact of its grants.
How does the foundation sustain its operations if expenses often exceed revenue?
The foundation sustains its operations and grant-making through its significant asset base, which was $2,499,185 in 2023. It functions as an endowment, distributing funds from its principal and investment returns rather than relying solely on annual contributions.
What is the trend in the foundation's assets?
The foundation's assets have generally shown growth over the long term, from $1,786,500 in 2011 to $2,499,185 in 2023, despite some year-to-year fluctuations. This indicates a healthy and growing endowment.
Filing History
IRS 990 filing history for Gertrude N Goldowsky And Seebert J Goldowsky Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Gertrude N Goldowsky And Seebert J Goldowsky Foundation's revenue has grown by 88.2%, moving from $47K to $88K. Total assets increased by 39.9% over the same period, from $1.8M to $2.5M. Total functional expenses rose by 158%, from $80K to $205K. In its most recent filing year (2023), Gertrude N Goldowsky And Seebert J Goldowsky Foundation reported a deficit of $118K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $88K | $205K | $2.5M | $1 | — | — |
| 2022 | $83K | $281K | $2.6M | $1 | — | — |
| 2021 | $92K | $150K | $2.8M | $1 | — | — |
| 2020 | $762K | $77K | $2.9M | $19K | — | — |
| 2019 | $119K | $71K | $2.2M | $10K | — | View 990 |
| 2015 | $107K | $89K | $1.9M | $10K | — | View 990 |
| 2014 | $168K | $91K | $1.9M | $10K | — | View 990 |
| 2013 | $163K | $88K | $1.8M | $10K | — | View 990 |
| 2012 | $71K | $85K | $1.8M | $10K | — | View 990 |
| 2011 | $47K | $80K | $1.8M | $10K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $88K, expenses of $205K, and assets of $2.5M (revenue +5.1% year-over-year).
- 2022: Revenue of $83K, expenses of $281K, and assets of $2.6M (revenue -9.4% year-over-year).
- 2021: Revenue of $92K, expenses of $150K, and assets of $2.8M (revenue -87.9% year-over-year).
- 2020: Revenue of $762K, expenses of $77K, and assets of $2.9M (revenue +538.1% year-over-year).
- 2019: Revenue of $119K, expenses of $71K, and assets of $2.2M (revenue +12.1% year-over-year).
- 2015: Revenue of $107K, expenses of $89K, and assets of $1.9M (revenue -36.5% year-over-year).
- 2014: Revenue of $168K, expenses of $91K, and assets of $1.9M (revenue +3.0% year-over-year).
- 2013: Revenue of $163K, expenses of $88K, and assets of $1.8M (revenue +130.4% year-over-year).
- 2012: Revenue of $71K, expenses of $85K, and assets of $1.8M (revenue +51.9% year-over-year).
- 2011: Revenue of $47K, expenses of $80K, and assets of $1.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gertrude N Goldowsky And Seebert J Goldowsky Foundation:
Data Sources and Methodology
This transparency report for Gertrude N Goldowsky And Seebert J Goldowsky 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.