Goldman Family Foundation Inc
Goldman Family Foundation's assets have declined significantly amidst consistent spending exceeding revenue.
EIN: 200441207 · Eagle, ID · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $303 |
| Total Expenses | $54K |
| Program Spending | 80% |
| Net Assets | $63K |
| Transparency Score | 60/100 |
Is Goldman Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Goldman Family Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Goldman Family Foundation Inc
Goldman Family Foundation Inc (EIN: 200441207) is a nonprofit organization based in Eagle, ID, classified under NTEE code T20. The organization reported total revenue of $303 and total assets of $9K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Goldman Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Goldman Family Foundation Inc is a micro nonprofit that has been operating for 22 years, with 8 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of 13.8%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $27K |
| Total Expenses | $54K |
| Surplus / Deficit | $-26,591 |
| Total Assets | $63K |
| Total Liabilities | $1 |
| Net Assets | $63K |
| Operating Margin | -97.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 14.1 months |
Financial Health Grade: B
In 2021, Goldman Family Foundation Inc reported a deficit of $27K with expenses exceeding revenue, holds 14.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 8 years of filings (2011–2021), Goldman Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 13.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +1659.5% | +58.0% | -29.6% |
| 2020 | -85.9% | +50.9% | -26.6% |
| 2019 | +60.3% | +70.2% | -13.5% |
| 2015 | -45.7% | +1.2% | -4.3% |
| 2014 | +38.1% | +1.4% | -0.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Goldman Family Foundation Inc with a Mission Score of 60 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Goldman Family Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $27K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all available filings, indicating that no salaries or other compensation are paid to officers, which is positive for minimizing administrative costs.
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 Goldman Family Foundation Inc's IRS 990 filings:
- Consistent negative net income (expenses exceeding revenue) across multiple years.
- Significant and continuous decline in total assets from $163,085 in 2011 to $8,648 currently.
- Latest reported revenue of $303 is extremely low compared to historical expenses, indicating potential operational challenges.
Strengths
The following positive indicators were identified for Goldman Family Foundation Inc:
- Consistent 0% officer compensation, indicating no executive pay overhead.
- History of 8 IRS 990 filings, demonstrating compliance with reporting requirements.
Frequently Asked Questions about Goldman Family Foundation Inc
Is Goldman Family Foundation Inc a legitimate charity?
Goldman Family Foundation Inc (EIN: 200441207) is a registered tax-exempt nonprofit based in Idaho. Our AI analysis gives it a Mission Score of 60/100. It has 8 years of IRS 990 filings on record. Total revenue: $303. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Goldman Family Foundation Inc spend its money?
Goldman Family Foundation Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Goldman Family Foundation Inc tax-deductible?
Goldman Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 200441207). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Goldman Family Foundation Inc's spending goes to programs?
Goldman Family Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Goldman Family Foundation Inc compare to similar nonprofits?
With a transparency score of 60/100 (Good), Goldman Family Foundation Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Goldman Family Foundation Inc located?
Goldman Family Foundation Inc is headquartered in Eagle, Idaho and files with the IRS under EIN 200441207. It is classified under NTEE code T20.
How many years of IRS 990 filings does Goldman Family Foundation Inc have?
Goldman Family Foundation Inc has 8 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 $303 in total revenue.
Is the Goldman Family Foundation Inc. financially sustainable?
Based on the provided data, the foundation's expenses have consistently exceeded its revenue for multiple years (e.g., $53,934 expenses vs. $27,343 revenue in 2021), leading to a significant decline in assets from $163,085 in 2011 to $8,648 currently. This trend suggests it is not financially sustainable under its current operating model.
What is the primary reason for the decline in assets?
The primary reason for the decline in assets appears to be the consistent pattern of expenses exceeding revenue. For example, in 2021, expenses were nearly double the revenue, contributing to the reduction in the asset base.
How does the organization fund its operations given the revenue-expense imbalance?
The organization appears to be funding its operations by drawing down its existing assets, as evidenced by the significant decrease in total assets over the years, from $163,085 in 2011 to $8,648 currently.
Filing History
IRS 990 filing history for Goldman Family Foundation Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2021), Goldman Family Foundation Inc's revenue has grown by 265.1%, moving from $7K to $27K. Total assets decreased by 61.2% over the same period, from $163K to $63K. Total functional expenses rose by 349.3%, from $12K to $54K. In its most recent filing year (2021), Goldman Family Foundation Inc reported a deficit of $27K, with expenses exceeding revenue. The organization holds $1 in liabilities against $63K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $63K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $27K | $54K | $63K | $1 | — | View 990 |
| 2020 | $2K | $34K | $90K | $1 | — | View 990 |
| 2019 | $11K | $23K | $122K | $1 | — | — |
| 2015 | $7K | $13K | $142K | $0 | — | View 990 |
| 2014 | $13K | $13K | $148K | $0 | — | View 990 |
| 2013 | $9K | $13K | $149K | $0 | — | View 990 |
| 2012 | $1K | $12K | $152K | $0 | — | View 990 |
| 2011 | $7K | $12K | $163K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $27K, expenses of $54K, and assets of $63K (revenue +1659.5% year-over-year).
- 2020: Revenue of $2K, expenses of $34K, and assets of $90K (revenue -85.9% year-over-year).
- 2019: Revenue of $11K, expenses of $23K, and assets of $122K (revenue +60.3% year-over-year).
- 2015: Revenue of $7K, expenses of $13K, and assets of $142K (revenue -45.7% year-over-year).
- 2014: Revenue of $13K, expenses of $13K, and assets of $148K (revenue +38.1% year-over-year).
- 2013: Revenue of $9K, expenses of $13K, and assets of $149K (revenue +572.6% year-over-year).
- 2012: Revenue of $1K, expenses of $12K, and assets of $152K (revenue -81.9% year-over-year).
- 2011: Revenue of $7K, expenses of $12K, and assets of $163K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Goldman Family Foundation Inc:
Data Sources and Methodology
This transparency report for Goldman Family Foundation 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.