Glenn Family Foundation
Glenn Family Foundation maintains strong asset growth and no executive compensation, with fluctuating but generally healthy revenues.
EIN: 203867226 · Eads, TN · NTEE: T20 · Updated: 2026-03-28
Is Glenn Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Glenn Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Glenn Family Foundation
Glenn Family Foundation (EIN: 203867226) is a nonprofit organization based in Eads, TN, classified under NTEE code T20. The organization reported total revenue of $416K and total assets of $3.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Glenn Family Foundation'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 Glenn Family Foundation with a Mission Score of 92 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Glenn Family Foundation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The Glenn Family Foundation reports 0% officer compensation across all available filings, indicating that no executive salaries are paid, which is highly favorable for directing resources to its mission.
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 Glenn Family Foundation's IRS 990 filings:
- Significant year-to-year revenue fluctuations could impact long-term planning and program consistency.
Strengths
The following positive indicators were identified for Glenn Family Foundation:
- Consistent asset growth, from $1,910,023 in 2019 to $3,989,657 in 2023, indicates strong financial management.
- Zero officer compensation reported across all filings, ensuring resources are maximized for charitable purposes.
- Minimal liabilities ($1 or $0) across all periods, demonstrating excellent financial stability and low debt.
- Healthy financial position with revenues consistently exceeding expenses in recent years (e.g., 202312: Revenue=$675,838, Expenses=$329,705).
- Long filing history (10 filings) indicates sustained operation and compliance.
Frequently Asked Questions about Glenn Family Foundation
Is Glenn Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Glenn Family Foundation (EIN: 203867226) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Glenn Family Foundation spend its money?
Glenn Family Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Glenn Family Foundation tax-deductible?
Glenn Family Foundation is registered as a tax-exempt nonprofit (EIN: 203867226). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does the Glenn Family Foundation manage its significant revenue fluctuations?
The foundation's revenue has varied significantly, from $40,891 in 2019 to $1,446,833 in 2014. This suggests a diversified funding approach, but also implies a need for robust financial planning to manage these variations and ensure consistent program delivery.
What specific programs does the Glenn Family Foundation fund?
Based on the NTEE code T20 (Foundations, Grantmaking & Giving), the foundation likely engages in grantmaking activities. A deeper dive into their full 990 forms would be needed to identify specific grantees or program areas.
Given the growing assets, how does the foundation ensure these assets are effectively utilized for its mission?
The foundation's assets have grown from $1,910,023 in 2019 to $3,989,657 in 2023. While growth is positive, the key is how these assets generate income or are deployed for grantmaking to further the mission. The consistent positive net income suggests effective asset management.
Filing History
IRS 990 filing history for Glenn Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Glenn Family Foundation's revenue has grown by 179.7%, moving from $242K to $676K. Total assets increased by 614% over the same period, from $559K to $4.0M. Total functional expenses rose by 27.8%, from $258K to $330K. In its most recent filing year (2023), Glenn Family Foundation reported a surplus of $346K, with revenue exceeding expenses. The organization holds $1 in liabilities against $4.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $676K | $330K | $4.0M | $1 | — | — |
| 2022 | $765K | $140K | $3.6M | $1 | — | View 990 |
| 2021 | $236K | $291K | $3.0M | $1 | — | View 990 |
| 2020 | $1.4M | $191K | $3.1M | $1 | — | View 990 |
| 2019 | $41K | $363K | $1.9M | $1 | — | View 990 |
| 2015 | $445K | $276K | $1.3M | $0 | — | View 990 |
| 2014 | $1.4M | $711K | $1.0M | $0 | — | View 990 |
| 2013 | $1.3M | $659K | $811K | $0 | — | View 990 |
| 2012 | $290K | $218K | $628K | $0 | — | View 990 |
| 2011 | $242K | $258K | $559K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $676K, expenses of $330K, and assets of $4.0M (revenue -11.6% year-over-year).
- 2022: Revenue of $765K, expenses of $140K, and assets of $3.6M (revenue +223.6% year-over-year).
- 2021: Revenue of $236K, expenses of $291K, and assets of $3.0M (revenue -82.5% year-over-year).
- 2020: Revenue of $1.4M, expenses of $191K, and assets of $3.1M (revenue +3210.5% year-over-year).
- 2019: Revenue of $41K, expenses of $363K, and assets of $1.9M (revenue -90.8% year-over-year).
- 2015: Revenue of $445K, expenses of $276K, and assets of $1.3M (revenue -69.2% year-over-year).
- 2014: Revenue of $1.4M, expenses of $711K, and assets of $1.0M (revenue +10.8% year-over-year).
- 2013: Revenue of $1.3M, expenses of $659K, and assets of $811K (revenue +350.1% year-over-year).
- 2012: Revenue of $290K, expenses of $218K, and assets of $628K (revenue +20.0% year-over-year).
- 2011: Revenue of $242K, expenses of $258K, and assets of $559K.
Data Sources and Methodology
This transparency report for Glenn 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.