Gilloury Institute
Gilloury Institute shows fluctuating revenue with recent deficit, maintains strong assets, and reports no officer compensation.
EIN: 10693025 · Chicago, IL · NTEE: Q20 · Updated: 2026-03-28
Is Gilloury Institute Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gilloury Institute directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gilloury Institute
Gilloury Institute (EIN: 10693025) is a nonprofit organization based in Chicago, IL, classified under NTEE code Q20. The organization reported total revenue of $921K and total assets of $2.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gilloury Institute's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Gilloury Institute 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: 85%
- fundraising: 5%
According to IRS 990 filings, Gilloury Institute allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The Gilloury Institute consistently reports 0% officer compensation across all 14 available IRS 990 filings, which is highly unusual for an organization with annual revenues ranging from $551,024 to $1,553,904. This suggests either a fully volunteer executive leadership or that compensation is structured in a way not reported as officer compensation, warranting further investigation for complete transparency.
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 Gilloury Institute's IRS 990 filings:
- Significant revenue volatility, with a sharp drop from $1,553,904 in 2021 to $551,024 in 2024.
- Expenses ($716,706) exceeded revenue ($551,024) in the most recent filing period (202406), indicating an operational deficit.
- Consistent 0% officer compensation across all filings is highly unusual for an organization of this size and warrants further scrutiny to ensure full transparency regarding executive remuneration.
Strengths
The following positive indicators were identified for Gilloury Institute:
- Strong asset base, consistently exceeding $1 million since 2020 and reaching $2,233,218 currently, providing financial stability.
- History of managing expenses, often keeping them below or near revenue levels for most periods.
- Low liabilities relative to assets, indicating good financial health and limited debt burden.
- Consistent filing of IRS Form 990s (14 filings), demonstrating a commitment to transparency.
Frequently Asked Questions about Gilloury Institute
Is Gilloury Institute a legitimate charity?
Based on AI analysis of IRS 990 filings, Gilloury Institute (EIN: 10693025) some concerns. Mission Score: 85/100. 3 red flags identified, 4 strengths noted.
How does Gilloury Institute spend its money?
Gilloury Institute directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Gilloury Institute tax-deductible?
Gilloury Institute is registered as a tax-exempt nonprofit (EIN: 10693025). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Gilloury Institute a good charity?
Based on the available data, Gilloury Institute appears to be a financially stable organization with a strong asset base and a history of managing expenses. The consistent reporting of 0% officer compensation is a unique characteristic that could indicate high efficiency and dedication to mission, making it potentially a good charity, though further clarity on executive remuneration would enhance this assessment.
Why is officer compensation consistently 0%?
The IRS 990 filings consistently show 0% officer compensation. This could mean that the organization's leadership is entirely volunteer-based, or that compensation is paid through a related entity or categorized differently, which would require reviewing the full 990 forms for detailed explanations.
What caused the significant revenue drop in 2024?
Revenue decreased from $1,553,904 in 2021 to $551,024 in 2024. The specific reasons for this substantial decline are not detailed in the summary data provided and would require reviewing the organization's full financial statements and narrative explanations within the 990 filings.
Is the recent deficit in 2024 a concern?
In 2024, expenses ($716,706) exceeded revenue ($551,024), resulting in a deficit. While this is a concern for a single period, the organization's substantial assets of $1,994,257 suggest it has reserves to absorb such fluctuations, but sustained deficits would be problematic.
Filing History
IRS 990 filing history for Gilloury Institute showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2024), Gilloury Institute's revenue has declined by 7.1%, moving from $593K to $551K. Total assets increased by 354.1% over the same period, from $439K to $2.0M. Total functional expenses rose by 23%, from $583K to $717K. In its most recent filing year (2024), Gilloury Institute reported a deficit of $166K, with expenses exceeding revenue. The organization holds $40K in liabilities against $2.0M in assets (debt-to-asset ratio: 2.0%), resulting in net assets of $2.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $551K | $717K | $2.0M | $40K | — | View 990 |
| 2022 | $808K | $739K | $2.3M | $23K | — | View 990 |
| 2021 | $1.6M | $665K | $2.3M | $106K | — | View 990 |
| 2020 | $1.0M | $655K | $1.4M | $91K | — | — |
| 2019 | $1.1M | $897K | $1.0M | $53K | — | View 990 |
| 2018 | $932K | $825K | $806K | $3K | — | View 990 |
| 2017 | $838K | $728K | $714K | $18K | — | View 990 |
| 2016 | $712K | $738K | $600K | $11K | — | View 990 |
| 2015 | $786K | $522K | $621K | $6K | — | View 990 |
| 2014 | $558K | $457K | $359K | $8K | — | View 990 |
| 2013 | $601K | $733K | $292K | $42K | — | View 990 |
| 2012 | $631K | $621K | $413K | $31K | — | View 990 |
| 2011 | $577K | $565K | $395K | $22K | — | View 990 |
| 2010 | $593K | $583K | $439K | $79K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $551K, expenses of $717K, and assets of $2.0M (revenue -31.8% year-over-year).
- 2022: Revenue of $808K, expenses of $739K, and assets of $2.3M (revenue -48.0% year-over-year).
- 2021: Revenue of $1.6M, expenses of $665K, and assets of $2.3M (revenue +54.5% year-over-year).
- 2020: Revenue of $1.0M, expenses of $655K, and assets of $1.4M (revenue -6.2% year-over-year).
- 2019: Revenue of $1.1M, expenses of $897K, and assets of $1.0M (revenue +15.0% year-over-year).
- 2018: Revenue of $932K, expenses of $825K, and assets of $806K (revenue +11.3% year-over-year).
- 2017: Revenue of $838K, expenses of $728K, and assets of $714K (revenue +17.6% year-over-year).
- 2016: Revenue of $712K, expenses of $738K, and assets of $600K (revenue -9.3% year-over-year).
- 2015: Revenue of $786K, expenses of $522K, and assets of $621K (revenue +40.8% year-over-year).
- 2014: Revenue of $558K, expenses of $457K, and assets of $359K (revenue -7.1% year-over-year).
- 2013: Revenue of $601K, expenses of $733K, and assets of $292K (revenue -4.8% year-over-year).
- 2012: Revenue of $631K, expenses of $621K, and assets of $413K (revenue +9.2% year-over-year).
- 2011: Revenue of $577K, expenses of $565K, and assets of $395K (revenue -2.7% year-over-year).
- 2010: Revenue of $593K, expenses of $583K, and assets of $439K.
Data Sources and Methodology
This transparency report for Gilloury Institute 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.