Ginn Family Foundation
Ginn Family Foundation maintains over $2 million in assets while consistently operating with zero officer compensation.
EIN: 10539670 · Scarborough, ME · NTEE: T21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $68K |
| Total Expenses | $177K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $2.4M |
| Transparency Score | 85/100 |
Is Ginn Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ginn Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ginn Family Foundation
Ginn Family Foundation (EIN: 10539670) is a nonprofit organization based in Scarborough, ME, classified under NTEE code T21. The organization reported total revenue of $68K and total assets of $2.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ginn Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ginn Family Foundation is a micro nonprofit that has been operating for 24 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $96K |
| Total Expenses | $177K |
| Surplus / Deficit | $-81,112 |
| Total Assets | $2.4M |
| Total Liabilities | $1 |
| Net Assets | $2.4M |
| Operating Margin | -84.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 162.8 months |
Financial Health Grade: B
In 2023, Ginn Family Foundation reported a deficit of $81K with expenses exceeding revenue, holds 162.8 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), Ginn Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 9.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.9% | -8.9% | -3.3% |
| 2022 | -57.4% | +20.9% | -3.9% |
| 2021 | +123.0% | -0.5% | +2.3% |
| 2020 | -73.3% | -4.5% | -2.5% |
| 2019 | +508.2% | +35.8% | -4.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
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 Ginn Family 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, Ginn Family 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 $81K, 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 efficient for an organization of its size with assets over $2 million.
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 Ginn Family Foundation's IRS 990 filings:
- Consistent deficit spending in recent years (e.g., 2023 expenses $176,623 vs. revenue $95,511; 2022 expenses $193,790 vs. revenue $92,785), indicating reliance on asset drawdowns.
Strengths
The following positive indicators were identified for Ginn Family Foundation:
- Consistent asset base over $2 million, demonstrating long-term financial stability.
- Zero officer compensation reported across all filings, indicating high efficiency in administrative costs related to executive salaries.
- Consistent filing of IRS 990s, ensuring transparency.
- Minimal liabilities ($1 in recent years), indicating sound financial management.
Frequently Asked Questions about Ginn Family Foundation
Is Ginn Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Ginn Family Foundation (EIN: 10539670) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Ginn Family Foundation spend its money?
Ginn Family Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ginn Family Foundation tax-deductible?
Ginn Family Foundation is registered as a tax-exempt nonprofit (EIN: 10539670). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Ginn Family Foundation CEO make?
Ginn Family Foundation's highest-compensated officer earns $2 annually. The organization reported $68K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Ginn Family Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Ginn Family Foundation is above average for NTEE category T21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ginn Family Foundation located?
Ginn Family Foundation is headquartered in Scarborough, Maine and files with the IRS under EIN 10539670. It is classified under NTEE code T21.
How many years of IRS 990 filings does Ginn Family Foundation have?
Ginn Family 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 $68K in total revenue.
Is the Ginn Family Foundation financially stable?
Yes, the Ginn Family Foundation is financially stable, maintaining assets consistently above $2 million, reaching $2,396,439 in 2023, despite periods where expenses exceeded revenue.
Does the Ginn Family Foundation pay its officers?
No, the Ginn Family Foundation has consistently reported 0% officer compensation across all available IRS 990 filings, indicating no salaries are paid to its officers.
What is the primary financial activity of the Ginn Family Foundation?
As a private foundation, its primary financial activity appears to be managing its endowment (assets) and distributing funds, as evidenced by its consistent asset base and fluctuating revenue and expenses, often with expenses exceeding revenue.
Filing History
IRS 990 filing history for Ginn Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Ginn Family Foundation's revenue has grown by 187.1%, moving from $33K to $96K. Total assets decreased by 11.1% over the same period, from $2.7M to $2.4M. Total functional expenses rose by 97.2%, from $90K to $177K. In its most recent filing year (2023), Ginn Family Foundation reported a deficit of $81K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $96K | $177K | $2.4M | $1 | — | View 990 |
| 2022 | $93K | $194K | $2.5M | $1 | — | View 990 |
| 2021 | $218K | $160K | $2.6M | $1 | — | — |
| 2020 | $98K | $161K | $2.5M | $1 | — | — |
| 2019 | $366K | $169K | $2.6M | $1 | — | View 990 |
| 2015 | $60K | $124K | $2.7M | $1 | — | View 990 |
| 2014 | $49K | $97K | $2.8M | $1 | — | View 990 |
| 2013 | $108K | $90K | $2.8M | $1 | — | View 990 |
| 2012 | $105K | $1K | $2.8M | $0 | — | View 990 |
| 2011 | $33K | $90K | $2.7M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $96K, expenses of $177K, and assets of $2.4M (revenue +2.9% year-over-year).
- 2022: Revenue of $93K, expenses of $194K, and assets of $2.5M (revenue -57.4% year-over-year).
- 2021: Revenue of $218K, expenses of $160K, and assets of $2.6M (revenue +123.0% year-over-year).
- 2020: Revenue of $98K, expenses of $161K, and assets of $2.5M (revenue -73.3% year-over-year).
- 2019: Revenue of $366K, expenses of $169K, and assets of $2.6M (revenue +508.2% year-over-year).
- 2015: Revenue of $60K, expenses of $124K, and assets of $2.7M (revenue +21.7% year-over-year).
- 2014: Revenue of $49K, expenses of $97K, and assets of $2.8M (revenue -54.3% year-over-year).
- 2013: Revenue of $108K, expenses of $90K, and assets of $2.8M (revenue +2.8% year-over-year).
- 2012: Revenue of $105K, expenses of $1K, and assets of $2.8M (revenue +217.0% year-over-year).
- 2011: Revenue of $33K, expenses of $90K, and assets of $2.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ginn Family Foundation:
Data Sources and Methodology
This transparency report for Ginn Family 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.