Goldie & David Blanksteen Foundation
Goldie & David Blanksteen Foundation maintains stable assets despite volatile revenue, with zero reported officer compensation.
EIN: 137072675 · Pennington, NJ · NTEE: T20J · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.9M |
| Total Expenses | $201K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $3.7M |
| Transparency Score | 90/100 |
Is Goldie & David Blanksteen Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Goldie & David Blanksteen Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Goldie & David Blanksteen Foundation
Goldie & David Blanksteen Foundation (EIN: 137072675) is a nonprofit organization based in Pennington, NJ, classified under NTEE code T20J. The organization reported total revenue of $2.9M and total assets of $4.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Goldie & David Blanksteen Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Goldie & David Blanksteen Foundation is a mid-size nonprofit that has been operating for 30 years, with 11 years of IRS 990 filings on record (2011–2024).
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $294K |
| Total Expenses | $201K |
| Surplus / Deficit | +$93K |
| Total Assets | $3.7M |
| Total Liabilities | $1 |
| Net Assets | $3.7M |
| Operating Margin | 31.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 221.9 months |
Financial Health Grade: A
In 2024, Goldie & David Blanksteen Foundation reported a surplus of $93K with revenue exceeding expenses, holds 221.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -104.4% | +25.7% | -7.1% |
| 2021 | +1770.9% | +13.5% | +30.2% |
| 2020 | -21.1% | +31.3% | +8.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
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 Goldie & David Blanksteen Foundation 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, Goldie & David Blanksteen 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $93K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either unpaid or volunteer-based, which is highly efficient for a foundation of its size with assets over $3 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 Goldie & David Blanksteen Foundation's IRS 990 filings:
- Volatile revenue, with several years reporting negative figures (e.g., -$122,104 in 2023), which could indicate reliance on investment returns that fluctuate significantly.
Strengths
The following positive indicators were identified for Goldie & David Blanksteen Foundation:
- Consistent 0% officer compensation, indicating extremely low administrative overhead and high efficiency.
- Stable asset base, consistently maintaining over $3 million in assets in recent years, providing a strong financial foundation.
- Minimal liabilities, consistently reporting $0 or $1, demonstrating excellent financial health and no significant debt.
- Consistent IRS 990 filing history (11 filings), indicating good transparency and compliance.
Frequently Asked Questions about Goldie & David Blanksteen Foundation
Is Goldie & David Blanksteen Foundation a legitimate charity?
Goldie & David Blanksteen Foundation (EIN: 137072675) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 90/100. It has 11 years of IRS 990 filings on record. Total revenue: $2.9M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Goldie & David Blanksteen Foundation spend its money?
Goldie & David Blanksteen Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Goldie & David Blanksteen Foundation tax-deductible?
Goldie & David Blanksteen Foundation is registered as a tax-exempt nonprofit (EIN: 137072675). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Goldie & David Blanksteen Foundation CEO make?
Goldie & David Blanksteen Foundation's highest-compensated officer earns $3 annually. The organization reported $2.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Goldie & David Blanksteen Foundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Goldie & David Blanksteen Foundation is above average for NTEE category T20J nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Goldie & David Blanksteen Foundation located?
Goldie & David Blanksteen Foundation is headquartered in Pennington, New Jersey and files with the IRS under EIN 137072675. It is classified under NTEE code T20J.
How many years of IRS 990 filings does Goldie & David Blanksteen Foundation have?
Goldie & David Blanksteen Foundation has 11 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 $2.9M in total revenue.
Is the Goldie & David Blanksteen Foundation a good charity?
As a private grantmaking foundation, its 'goodness' is typically assessed by its grantmaking impact. Financially, it demonstrates strong stewardship with stable assets ($3.7M in 2024) and extremely low administrative overhead (0% officer compensation), suggesting efficient use of resources for its intended purpose.
Why does the foundation report negative revenue in some years?
Negative revenue, as seen in 2023 ($-122,104) and 2022 ($-55,106), often occurs in foundations due to investment losses or significant adjustments in asset valuations, which are common for organizations holding substantial investment portfolios.
How does the foundation manage its expenses?
The foundation manages its expenses very efficiently, with total expenses consistently under $250,000 annually, even with assets over $3 million. A key factor in this efficiency is the reported 0% officer compensation, significantly reducing administrative costs.
Filing History
IRS 990 filing history for Goldie & David Blanksteen Foundation showing financial trends over 11 years of public records:
Total assets increased by 65.5% over the same period, from $2.2M to $3.7M. Total functional expenses fell by 19.2%, from $249K to $201K. In its most recent filing year (2024), Goldie & David Blanksteen Foundation reported a surplus of $93K, with revenue exceeding expenses. The organization holds $1 in liabilities against $3.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $294K | $201K | $3.7M | $1 | — | — |
| 2023 | $-122,104 | $216K | $3.6M | $1 | — | — |
| 2022 | $-55,106 | $251K | $4.0M | $1 | — | View 990 |
| 2021 | $1.3M | $200K | $4.3M | $1 | — | View 990 |
| 2020 | $67K | $176K | $3.3M | $0 | — | View 990 |
| 2016 | $85K | $134K | $3.0M | $0 | — | View 990 |
| 2015 | $1.4M | $14K | $3.1M | $0 | — | View 990 |
| 2014 | $-112,693 | $89K | $1.7M | $0 | — | View 990 |
| 2013 | $58K | $158K | $1.9M | $0 | — | View 990 |
| 2012 | $10K | $206K | $2.0M | $0 | — | View 990 |
| 2011 | $-284,325 | $249K | $2.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $294K, expenses of $201K, and assets of $3.7M.
- 2023: Revenue of $-122,104, expenses of $216K, and assets of $3.6M.
- 2022: Revenue of $-55,106, expenses of $251K, and assets of $4.0M (revenue -104.4% year-over-year).
- 2021: Revenue of $1.3M, expenses of $200K, and assets of $4.3M (revenue +1770.9% year-over-year).
- 2020: Revenue of $67K, expenses of $176K, and assets of $3.3M (revenue -21.1% year-over-year).
- 2016: Revenue of $85K, expenses of $134K, and assets of $3.0M (revenue -93.7% year-over-year).
- 2015: Revenue of $1.4M, expenses of $14K, and assets of $3.1M.
- 2014: Revenue of $-112,693, expenses of $89K, and assets of $1.7M (revenue -294.0% year-over-year).
- 2013: Revenue of $58K, expenses of $158K, and assets of $1.9M (revenue +463.2% year-over-year).
- 2012: Revenue of $10K, expenses of $206K, and assets of $2.0M.
- 2011: Revenue of $-284,325, expenses of $249K, and assets of $2.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Goldie & David Blanksteen Foundation:
Data Sources and Methodology
This transparency report for Goldie & David Blanksteen 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.