Glades Initiative Inc

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Glades Initiative Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Glades Initiative Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Glades Initiative Inc in one place.

Is Glades Initiative Inc Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Where the Money Comes From and Where It Goes

Across stored filings, Glades Initiative Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Glades Initiative Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

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.

Organization Overview

Glades Initiative Inc is a mid-size nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 24.0%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Glades Initiative Inc reported a surplus of $466K with revenue exceeding expenses, holds 23.0 months of operating reserves (strong position), has a debt-to-asset ratio of 1.4% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), Glades Initiative Inc's revenue has grown at a compound annual growth rate (CAGR) of 24.0%.

IRS Tax-Exempt Classification

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 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.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $466K, with revenue exceeding expenses.
• Debt-to-asset ratio: 1.4%.

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

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-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.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Glades Initiative Inc:

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.