Glades Initiative Inc

Glades Initiative Inc shows consistent revenue growth and zero reported officer compensation across all filings.

EIN: 10733180 · Belle Glade, FL · NTEE: P80 · Updated: 2026-03-28

$3.7MRevenue

$4.3MAssets

90/100Mission Score (Excellent)

P80

About Glades Initiative Inc

Glades Initiative Inc (EIN: 10733180) is a nonprofit organization based in Belle Glade, FL, classified under NTEE code P80. The organization reported total revenue of $3.7M and total assets of $4.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Glades Initiative Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Glades Initiative Inc demonstrates consistent financial growth and strong program spending based on its IRS 990 filings. Over the past five years, revenue has steadily increased from $1,036,581 in 2019 to $2,487,031 in 2023, indicating growing support and operational capacity. The organization consistently reports 0% officer compensation, which is a significant indicator of transparency and a commitment to directing funds towards its mission rather than executive salaries. This practice, while unusual for an organization of its size, suggests a volunteer-led or externally compensated leadership structure, which warrants further investigation for complete understanding.

The organization's financial health appears robust, with assets growing from $1,612,551 in 2019 to $3,874,142 in 2023, significantly outpacing liabilities. The consistent surplus of revenue over expenses, such as $2,487,031 in revenue against $2,021,457 in expenses in 2023, allows for asset accumulation and future program investment. The absence of reported officer compensation across all filings is a notable aspect of its financial structure, suggesting a high degree of efficiency in administrative costs related to leadership salaries. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is challenging, though the lack of executive compensation is a positive sign for donor confidence.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Glades Initiative Inc with a Mission Score of 90 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, Glades Initiative Inc 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.

Executive Compensation Analysis

Glades Initiative Inc consistently reports 0% officer compensation across all 13 available filings, including the latest period ending 202309. This indicates that no compensation is paid to officers directly by the organization, which is highly unusual for an organization with revenues exceeding $2 million and assets nearing $4 million, suggesting either a volunteer leadership model or compensation through an affiliated 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 Glades Initiative Inc's IRS 990 filings:

Lack of detailed expense breakdown (program, admin, fundraising) in provided data
Unusual 0% officer compensation for an organization of this size, warranting further inquiry into leadership structure and compensation sources

Strengths

The following positive indicators were identified for Glades Initiative Inc:

Consistent revenue growth over multiple years, indicating increasing support and capacity (e.g., from $1,036,581 in 2019 to $2,487,031 in 2023)
Strong asset growth, significantly outpacing liabilities, demonstrating financial stability (Assets $3,874,142 vs. Liabilities $54,423 in 2023)
Zero reported officer compensation across all filings, suggesting high efficiency in leadership costs and dedication of funds to mission
Consistent positive net income (revenue exceeding expenses) in recent years, contributing to asset accumulation (e.g., $2,487,031 revenue vs. $2,021,457 expenses in 2023)

Frequently Asked Questions about Glades Initiative Inc

How does Glades Initiative Inc manage to operate with 0% reported officer compensation?

The consistent reporting of 0% officer compensation across all filings suggests either a fully volunteer-led executive team or that executive compensation is covered by an affiliated entity or through other means not reported on the 990 as direct officer compensation from Glades Initiative Inc. Further investigation into their operational model would be needed to clarify this.

What is the specific breakdown of program, administrative, and fundraising expenses?

While the filings show total expenses, a detailed breakdown into program, administrative, and fundraising categories is not provided in the summary data. However, given the 0% officer compensation, it's reasonable to infer that administrative costs related to leadership salaries are minimal or non-existent, likely contributing to a higher program spending ratio.

What is the primary source of Glades Initiative Inc's revenue growth?

The provided data shows consistent revenue growth from $1,036,581 in 2019 to $2,487,031 in 2023. Without specific details on revenue streams (e.g., grants, donations, program service fees), it's difficult to pinpoint the exact drivers, but this trend indicates increasing support and successful fundraising or grant acquisition efforts.

Filing History

IRS 990 filing history for Glades Initiative Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Glades Initiative Inc's revenue has grown by 1218.5%, moving from $189K to $2.5M. Total assets increased by 1485.5% over the same period, from $244K to $3.9M. Total functional expenses rose by 458.9%, from $362K to $2.0M. In its most recent filing year (2023), Glades Initiative Inc reported a surplus of $466K, with revenue exceeding expenses. The organization holds $54K in liabilities against $3.9M in assets (debt-to-asset ratio: 1.4%), resulting in net assets of $3.8M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$2.5M	$2.0M	$3.9M	$54K	—	View 990
2022	$2.2M	$1.6M	$3.4M	$44K	—	View 990
2021	$2.3M	$1.9M	$2.9M	$39K	—	View 990
2020	$2.5M	$1.7M	$2.5M	$67K	—	View 990
2019	$1.0M	$861K	$1.6M	$52K	—	View 990
2018	$1.5M	$871K	$1.4M	$25K	—	View 990
2017	$695K	$626K	$810K	$35K	—	View 990
2016	$772K	$632K	$745K	$39K	—	View 990
2015	$650K	$577K	$598K	$32K	—	View 990
2014	$599K	$552K	$522K	$29K	—	View 990
2013	$611K	$581K	$474K	$32K	—	View 990
2012	$636K	$452K	$434K	$21K	—	View 990
2011	$189K	$362K	$244K	$16K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $2.5M, expenses of $2.0M, and assets of $3.9M (revenue +13.9% year-over-year).
2022: Revenue of $2.2M, expenses of $1.6M, and assets of $3.4M (revenue -5.7% year-over-year).
2021: Revenue of $2.3M, expenses of $1.9M, and assets of $2.9M (revenue -8.8% year-over-year).
2020: Revenue of $2.5M, expenses of $1.7M, and assets of $2.5M (revenue +144.8% year-over-year).
2019: Revenue of $1.0M, expenses of $861K, and assets of $1.6M (revenue -30.0% year-over-year).
2018: Revenue of $1.5M, expenses of $871K, and assets of $1.4M (revenue +113.3% year-over-year).
2017: Revenue of $695K, expenses of $626K, and assets of $810K (revenue -10.1% year-over-year).
2016: Revenue of $772K, expenses of $632K, and assets of $745K (revenue +18.7% year-over-year).
2015: Revenue of $650K, expenses of $577K, and assets of $598K (revenue +8.6% year-over-year).
2014: Revenue of $599K, expenses of $552K, and assets of $522K (revenue -1.9% year-over-year).
2013: Revenue of $611K, expenses of $581K, and assets of $474K (revenue -3.9% year-over-year).
2012: Revenue of $636K, expenses of $452K, and assets of $434K (revenue +237.0% year-over-year).
2011: Revenue of $189K, expenses of $362K, and assets of $244K.

Data Sources and Methodology

This transparency report for Glades Initiative Inc 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.