Gilbert & J Dorothy Palay Family Foundation Ltd
EIN: 391287503 · Madison, WI
| Metric | Value |
|---|---|
| Total Revenue | $989K |
| Total Expenses | $261K |
| Net Assets | $262K |
Is Gilbert & J Dorothy Palay Family Foundation Ltd Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Gilbert & J Dorothy Palay Family Foundation Ltd
Gilbert & J Dorothy Palay Family Foundation Ltd (EIN: 391287503) is a nonprofit organization based in Madison, WI. The organization reported total revenue of $989K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gilbert & J Dorothy Palay Family Foundation Ltd's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gilbert & J Dorothy Palay Family Foundation Ltd is a small nonprofit that has been operating for 48 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 30.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $330K |
| Total Expenses | $261K |
| Surplus / Deficit | +$69K |
| Total Assets | $262K |
| Total Liabilities | $1 |
| Net Assets | $262K |
| Operating Margin | 21.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 12.0 months |
Financial Health Grade: A
In 2024, Gilbert & J Dorothy Palay Family Foundation Ltd reported a surplus of $69K with revenue exceeding expenses, holds 12.0 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 (2012–2024), Gilbert & J Dorothy Palay Family Foundation Ltd's revenue has grown at a compound annual growth rate (CAGR) of 30.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +93.9% | +64.7% | +36.0% |
| 2023 | -15.9% | -11.2% | +6.6% |
| 2022 | -10.1% | -6.8% | +15.4% |
| 2021 | +96.5% | +51.6% | +27.5% |
| 2020 | -26.2% | +93.8% | -5.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1978 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Gilbert & J Dorothy Palay Family Foundation Ltd has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Gilbert & J Dorothy Palay Family Foundation Ltd with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $69K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Gilbert & J Dorothy Palay Family Foundation Ltd
Is Gilbert & J Dorothy Palay Family Foundation Ltd a legitimate charity?
Gilbert & J Dorothy Palay Family Foundation Ltd (EIN: 391287503) is a registered tax-exempt nonprofit based in Wisconsin. It has 10 years of IRS 990 filings on record. Total revenue: $989K. No red flags identified. Financial health grade: A.
How does Gilbert & J Dorothy Palay Family Foundation Ltd spend its money?
Gilbert & J Dorothy Palay Family Foundation Ltd reported $989K in total revenue in IRS 990 filings. 10 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Gilbert & J Dorothy Palay Family Foundation Ltd tax-deductible?
Gilbert & J Dorothy Palay Family Foundation Ltd is registered as a tax-exempt nonprofit (EIN: 391287503). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Gilbert & J Dorothy Palay Family Foundation Ltd located?
Gilbert & J Dorothy Palay Family Foundation Ltd is headquartered in Madison, Wisconsin and files with the IRS under EIN 391287503.
How many years of IRS 990 filings does Gilbert & J Dorothy Palay Family Foundation Ltd have?
Gilbert & J Dorothy Palay Family Foundation Ltd 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 $989K in total revenue.
Filing History
IRS 990 filing history for Gilbert & J Dorothy Palay Family Foundation Ltd showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Gilbert & J Dorothy Palay Family Foundation Ltd's revenue has grown by 2437.8%, moving from $13K to $330K. Total assets increased by 155.8% over the same period, from $102K to $262K. Total functional expenses rose by 80.3%, from $145K to $261K. In its most recent filing year (2024), Gilbert & J Dorothy Palay Family Foundation Ltd reported a surplus of $69K, with revenue exceeding expenses. The organization holds $1 in liabilities against $262K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $262K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $330K | $261K | $262K | $1 | — | — |
| 2023 | $170K | $158K | $192K | $1 | — | View 990 |
| 2022 | $203K | $178K | $180K | $1 | — | View 990 |
| 2021 | $225K | $192K | $156K | $1 | — | View 990 |
| 2020 | $115K | $126K | $123K | $1 | — | View 990 |
| 2016 | $155K | $65K | $130K | $0 | — | View 990 |
| 2015 | $39K | $68K | $67K | $0 | — | View 990 |
| 2014 | $117K | $103K | $96K | $0 | — | View 990 |
| 2013 | $60K | $80K | $82K | $0 | — | View 990 |
| 2012 | $13K | $145K | $102K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $330K, expenses of $261K, and assets of $262K (revenue +93.9% year-over-year).
- 2023: Revenue of $170K, expenses of $158K, and assets of $192K (revenue -15.9% year-over-year).
- 2022: Revenue of $203K, expenses of $178K, and assets of $180K (revenue -10.1% year-over-year).
- 2021: Revenue of $225K, expenses of $192K, and assets of $156K (revenue +96.5% year-over-year).
- 2020: Revenue of $115K, expenses of $126K, and assets of $123K (revenue -26.2% year-over-year).
- 2016: Revenue of $155K, expenses of $65K, and assets of $130K (revenue +302.6% year-over-year).
- 2015: Revenue of $39K, expenses of $68K, and assets of $67K (revenue -67.0% year-over-year).
- 2014: Revenue of $117K, expenses of $103K, and assets of $96K (revenue +94.4% year-over-year).
- 2013: Revenue of $60K, expenses of $80K, and assets of $82K (revenue +362.6% year-over-year).
- 2012: Revenue of $13K, expenses of $145K, and assets of $102K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gilbert & J Dorothy Palay Family Foundation Ltd:
Data Sources and Methodology
This transparency report for Gilbert & J Dorothy Palay Family Foundation Ltd 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.