Gillette Company Employee Benefit Trust
Gillette Company Employee Benefit Trust: Stable but Declining Assets
EIN: 223055220 · Cincinnati, OH · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $23.2M |
| Total Expenses | $21.7M |
| Net Assets | $96.2M |
| Transparency Score | 60/100 |
Is Gillette Company Employee Benefit Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Gillette Company Employee Benefit Trust
Gillette Company Employee Benefit Trust (EIN: 223055220) is a nonprofit organization based in Cincinnati, OH. The organization reported total revenue of $23.2M and total assets of $85.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gillette Company Employee Benefit Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gillette Company Employee Benefit Trust is a large nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -10.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.7M |
| Total Expenses | $21.7M |
| Surplus / Deficit | $-12,015,716 |
| Total Assets | $96.2M |
| Net Assets | $96.2M |
| Operating Margin | -123.5% |
| Months of Reserves | 53.1 months |
Financial Health Grade: B
In 2023, Gillette Company Employee Benefit Trust reported a deficit of $12.0M with expenses exceeding revenue, holds 53.1 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Gillette Company Employee Benefit Trust's revenue has declined at a compound annual growth rate (CAGR) of -10.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -25.2% | +1.2% | -11.6% |
| 2022 | -36.4% | +22.6% | -15.3% |
| 2021 | +36.2% | -0.5% | -3.6% |
| 2020 | -3.2% | -2.1% | +2.6% |
| 2019 | -5.0% | -4.6% | +2.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
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 Gillette Company Employee Benefit Trust with a Mission Score of 60 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Gillette Company Employee Benefit Trust allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $12.0M, with expenses exceeding revenue.
Executive Compensation Analysis
Based on the provided data, there is no executive compensation reported ('c0%'), suggesting that the trust's management may be handled internally by Gillette Company or through a separate entity.
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 Gillette Company Employee Benefit Trust's IRS 990 filings:
- The trust's assets have shown a consistent decline from $134,234,713 in 2016 to $85,043,795 in 2023, which warrants further investigation into the reasons for this trend.
- Lack of detailed expense breakdown beyond 'x' (expenses) makes it difficult to assess operational efficiency or specific spending categories.
Strengths
The following positive indicators were identified for Gillette Company Employee Benefit Trust:
- Consistent revenue generation, albeit fluctuating, indicates ongoing contributions or investment income.
- No reported lobbying or executive compensation suggests a focus on its core purpose without external influence or high overhead for leadership.
Frequently Asked Questions about Gillette Company Employee Benefit Trust
Is Gillette Company Employee Benefit Trust a legitimate charity?
Gillette Company Employee Benefit Trust (EIN: 223055220) is a registered tax-exempt nonprofit based in Ohio. Our AI analysis gives it a Mission Score of 60/100. It has 13 years of IRS 990 filings on record. Total revenue: $23.2M. 2 red flags identified. 2 strengths noted. Financial health grade: B.
How does Gillette Company Employee Benefit Trust spend its money?
Gillette Company Employee Benefit Trust reported $23.2M in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Gillette Company Employee Benefit Trust tax-deductible?
Gillette Company Employee Benefit Trust is registered as a tax-exempt nonprofit (EIN: 223055220). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Gillette Company Employee Benefit Trust located?
Gillette Company Employee Benefit Trust is headquartered in Cincinnati, Ohio and files with the IRS under EIN 223055220.
How many years of IRS 990 filings does Gillette Company Employee Benefit Trust have?
Gillette Company Employee Benefit Trust has 13 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 $23.2M in total revenue.
What does Gillette Company Employee Benefit Trust do?
Gillette Company Employee Benefit Trust is a nonprofit organization in the Unknown sector, located in Cincinnati, Ohio. It is classified under NTEE code Unknown.
How much revenue does Gillette Company Employee Benefit Trust have?
Gillette Company Employee Benefit Trust reported total revenue of $23,175,798. Based on 13 IRS 990 filings on record.
What are Gillette Company Employee Benefit Trust's total assets?
Gillette Company Employee Benefit Trust holds total assets of $85,043,795 as reported in IRS 990 filings.
Where is Gillette Company Employee Benefit Trust located?
Gillette Company Employee Benefit Trust is based in Cincinnati, Ohio.
What is Gillette Company Employee Benefit Trust's EIN?
Gillette Company Employee Benefit Trust's Employer Identification Number (EIN) is 223055220. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Gillette Company Employee Benefit Trust?
Gillette Company Employee Benefit Trust is classified under NTEE code Unknown (Unknown).
Is Gillette Company Employee Benefit Trust a registered 501(c)(3)?
Gillette Company Employee Benefit Trust appears in IRS records (EIN: 223055220). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Gillette Company Employee Benefit Trust file IRS Form 990?
Yes, Gillette Company Employee Benefit Trust has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Gillette Company Employee Benefit Trust's revenue in 2023?
In the 202306 filing period, Gillette Company Employee Benefit Trust reported total revenue of $9,726,149, total expenses of $21,741,865, and net assets of $96,167,773.
Is Gillette Company Employee Benefit Trust's revenue growing or declining?
Gillette Company Employee Benefit Trust's revenue is declining. Revenue went from $12,995,636 (202206) to $9,726,149 (202306), a -25.2% change. Based on 13 filings on record.
What is Gillette Company Employee Benefit Trust's most recent 990 filing?
The most recent IRS Form 990 filing for Gillette Company Employee Benefit Trust covers tax period 202306. It shows revenue of $9,726,149, expenses of $21,741,865, total assets of $96,167,773, and liabilities of N/A.
Is Gillette Company Employee Benefit Trust a trustworthy charity?
Based on AI analysis of IRS 990 data, Gillette Company Employee Benefit Trust shows mixed signals. Mission Score: 60/100 (Good). 2 red flags identified. 2 strengths noted.
What are the red flags for Gillette Company Employee Benefit Trust?
The following concerns were identified: The trust's assets have shown a consistent decline from $134,234,713 in 2016 to $85,043,795 in 2023, which warrants further investigation into the reasons for this trend.. Lack of detailed expense breakdown beyond 'x' (expenses) makes it difficult to assess operational efficiency or specific spending categories.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Gillette Company Employee Benefit Trust's strengths?
Positive indicators for Gillette Company Employee Benefit Trust include: Consistent revenue generation, albeit fluctuating, indicates ongoing contributions or investment income.. No reported lobbying or executive compensation suggests a focus on its core purpose without external influence or high overhead for leadership.. These findings are derived from AI analysis of the organization's financial filings.
How does Gillette Company Employee Benefit Trust compensate executives?
Based on the provided data, there is no executive compensation reported ('c0%'), suggesting that the trust's management may be handled internally by Gillette Company or through a separate entity. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent decline in assets from $134,234,713 in 2016 to $85,043,795 in 2023, what are the primary drivers of this trend and what strategies are in place to stabilize or grow the asset base?
The provided data does not offer specific drivers for the asset decline. Further investigation into investment performance, benefit payouts, or changes in contribution policies would be necessary to understand this trend and any mitigating strategies.
How does the 'x' (expenses) figure, which has fluctuated between $17,523,068 and $22,246,382, relate to the trust's operational activities, and what specific categories comprise these expenses?
The provided data only gives a total 'x' for expenses. Without a detailed breakdown, it's impossible to determine the specific operational activities or categories (e.g., investment management fees, benefit disbursements, administrative costs) that constitute these figures.
Filing History
IRS 990 filing history for Gillette Company Employee Benefit Trust showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Gillette Company Employee Benefit Trust's revenue has declined by 73.6%, moving from $36.8M to $9.7M. Total assets decreased by 49.9% over the same period, from $192.0M to $96.2M. Total functional expenses fell by 54.8%, from $48.1M to $21.7M. In its most recent filing year (2023), Gillette Company Employee Benefit Trust reported a deficit of $12.0M, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9.7M | $21.7M | $96.2M | $0 | — | View 990 |
| 2022 | $13.0M | $21.5M | $108.8M | $0 | — | View 990 |
| 2021 | $20.4M | $17.5M | $128.4M | $0 | — | View 990 |
| 2020 | $15.0M | $17.6M | $133.3M | $0 | — | View 990 |
| 2019 | $15.5M | $18.0M | $129.9M | $0 | — | View 990 |
| 2018 | $16.3M | $18.8M | $127.0M | $0 | — | View 990 |
| 2017 | $15.8M | $20.6M | $129.6M | $0 | — | View 990 |
| 2016 | $19.0M | $22.2M | $134.2M | $0 | — | View 990 |
| 2015 | $25.6M | $39.1M | $135.3M | $0 | — | View 990 |
| 2014 | $23.7M | $47.3M | $151.0M | $0 | — | View 990 |
| 2013 | $41.4M | $45.1M | $173.2M | $0 | — | View 990 |
| 2012 | $29.9M | $47.8M | $183.3M | $0 | — | View 990 |
| 2011 | $36.8M | $48.1M | $192.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.7M, expenses of $21.7M, and assets of $96.2M (revenue -25.2% year-over-year).
- 2022: Revenue of $13.0M, expenses of $21.5M, and assets of $108.8M (revenue -36.4% year-over-year).
- 2021: Revenue of $20.4M, expenses of $17.5M, and assets of $128.4M (revenue +36.2% year-over-year).
- 2020: Revenue of $15.0M, expenses of $17.6M, and assets of $133.3M (revenue -3.2% year-over-year).
- 2019: Revenue of $15.5M, expenses of $18.0M, and assets of $129.9M (revenue -5.0% year-over-year).
- 2018: Revenue of $16.3M, expenses of $18.8M, and assets of $127.0M (revenue +3.2% year-over-year).
- 2017: Revenue of $15.8M, expenses of $20.6M, and assets of $129.6M (revenue -17.0% year-over-year).
- 2016: Revenue of $19.0M, expenses of $22.2M, and assets of $134.2M (revenue -25.8% year-over-year).
- 2015: Revenue of $25.6M, expenses of $39.1M, and assets of $135.3M (revenue +8.3% year-over-year).
- 2014: Revenue of $23.7M, expenses of $47.3M, and assets of $151.0M (revenue -42.8% year-over-year).
- 2013: Revenue of $41.4M, expenses of $45.1M, and assets of $173.2M (revenue +38.7% year-over-year).
- 2012: Revenue of $29.9M, expenses of $47.8M, and assets of $183.3M (revenue -18.9% year-over-year).
- 2011: Revenue of $36.8M, expenses of $48.1M, and assets of $192.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gillette Company Employee Benefit Trust:
Data Sources and Methodology
This transparency report for Gillette Company Employee Benefit Trust 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.