Good Steward Foundation Of Morrisville Vermont Inc
Good Steward Foundation maintains substantial assets with minimal operational expenses and volatile revenue.
EIN: 203580873 · Morrisville, VT · NTEE: B112 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $152K |
| Total Expenses | $1K |
| Program Spending | 95% |
| CEO/Top Officer Pay | $6 |
| Net Assets | $5.3M |
| Transparency Score | 70/100 |
Is Good Steward Foundation Of Morrisville Vermont Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Good Steward Foundation Of Morrisville Vermont Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Good Steward Foundation Of Morrisville Vermont Inc
Good Steward Foundation Of Morrisville Vermont Inc (EIN: 203580873) is a nonprofit organization based in Morrisville, VT, classified under NTEE code B112. The organization reported total revenue of $152K and total assets of $6.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Good Steward Foundation Of Morrisville Vermont Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Good Steward Foundation Of Morrisville Vermont Inc is a small nonprofit that has been operating for 20 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 6.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $129K |
| Total Expenses | $1K |
| Surplus / Deficit | +$128K |
| Total Assets | $5.3M |
| Net Assets | $5.3M |
| Operating Margin | 99.1% |
| Months of Reserves | 57729.3 months |
Financial Health Grade: A
In 2023, Good Steward Foundation Of Morrisville Vermont Inc reported a surplus of $128K with revenue exceeding expenses, holds 57729.3 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2012–2023), Good Steward Foundation Of Morrisville Vermont Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.8% | -31.0% | +18.8% |
| 2022 | -95.6% | -30.0% | -7.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2006 |
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 Good Steward Foundation Of Morrisville Vermont Inc with a Mission Score of 70 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Good Steward Foundation Of Morrisville Vermont Inc allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $128K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating a volunteer-led executive structure or that compensation is covered by an affiliated entity, which is notable for an organization managing over $6 million in assets.
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 Good Steward Foundation Of Morrisville Vermont Inc's IRS 990 filings:
- Highly volatile revenue, including negative figures, without clear explanation in provided data.
- Lack of detailed expense breakdown to understand how minimal expenses are allocated.
- Significant asset growth with consistently minimal expenses raises questions about active program deployment.
Strengths
The following positive indicators were identified for Good Steward Foundation Of Morrisville Vermont Inc:
- Strong asset growth from $2.3M in 2014 to $6.4M currently, indicating financial stability.
- Extremely low operational overhead with 0% officer compensation, suggesting efficient use of funds for non-executive costs.
- Zero reported liabilities across all filings, indicating a very healthy balance sheet.
Frequently Asked Questions about Good Steward Foundation Of Morrisville Vermont Inc
Is Good Steward Foundation Of Morrisville Vermont Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Good Steward Foundation Of Morrisville Vermont Inc (EIN: 203580873) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Good Steward Foundation Of Morrisville Vermont Inc spend its money?
Good Steward Foundation Of Morrisville Vermont Inc directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Good Steward Foundation Of Morrisville Vermont Inc tax-deductible?
Good Steward Foundation Of Morrisville Vermont Inc is registered as a tax-exempt nonprofit (EIN: 203580873). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Good Steward Foundation Of Morrisville Vermont Inc CEO make?
Good Steward Foundation Of Morrisville Vermont Inc's highest-compensated officer earns $6 annually. The organization reported $152K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Good Steward Foundation Of Morrisville Vermont Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Good Steward Foundation Of Morrisville Vermont Inc is above average for NTEE category B112 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Good Steward Foundation Of Morrisville Vermont Inc located?
Good Steward Foundation Of Morrisville Vermont Inc is headquartered in Morrisville, Vermont and files with the IRS under EIN 203580873. It is classified under NTEE code B112.
How many years of IRS 990 filings does Good Steward Foundation Of Morrisville Vermont Inc have?
Good Steward Foundation Of Morrisville Vermont Inc has 12 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 $152K in total revenue.
How does Good Steward Foundation achieve its mission with such low reported expenses?
The extremely low reported expenses (e.g., $1,112 in 2023) suggest the organization primarily operates as a grant-making entity or holds assets for future distribution, rather than directly running programs with significant operational costs. Its NTEE code B112 (Grantmaking Foundations) supports this interpretation.
What caused the significant revenue fluctuations, including negative revenue periods?
The substantial revenue volatility, including negative figures in 2018-2020, likely stems from investment gains and losses, or potentially the timing of large non-cash contributions or asset transfers, rather than consistent program service income.
Are the assets of $6,434,028 actively being used for charitable purposes?
While the assets have grown significantly, the minimal expenses make it difficult to ascertain the direct charitable impact. It's possible the assets are held for long-term endowment purposes or for future large grants, but the immediate deployment for charitable activities appears limited based on expense data.
Filing History
IRS 990 filing history for Good Steward Foundation Of Morrisville Vermont Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Good Steward Foundation Of Morrisville Vermont Inc's revenue has grown by 106.7%, moving from $62K to $129K. Total assets increased by 12167.7% over the same period, from $44K to $5.3M. Total functional expenses fell by 97.8%, from $50K to $1K. In its most recent filing year (2023), Good Steward Foundation Of Morrisville Vermont Inc reported a surplus of $128K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $129K | $1K | $5.3M | $0 | — | — |
| 2022 | $119K | $2K | $4.5M | $0 | — | View 990 |
| 2021 | $2.7M | $2K | $4.9M | $0 | — | View 990 |
| 2020 | $-231,616 | $6K | $2.2M | $0 | — | View 990 |
| 2019 | $-55,032 | $88K | $2.1M | $0 | — | View 990 |
| 2018 | $-3,530 | $111K | $2.1M | $0 | — | View 990 |
| 2017 | $112K | $197K | $2.1M | $0 | — | View 990 |
| 2016 | $34K | $264K | $2.1M | $0 | — | View 990 |
| 2015 | $144K | $67K | $2.3M | $0 | — | View 990 |
| 2014 | $617K | $125K | $2.3M | $0 | — | View 990 |
| 2013 | $1.6M | $31K | $1.6M | $0 | — | View 990 |
| 2012 | $62K | $50K | $44K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $129K, expenses of $1K, and assets of $5.3M (revenue +7.8% year-over-year).
- 2022: Revenue of $119K, expenses of $2K, and assets of $4.5M (revenue -95.6% year-over-year).
- 2021: Revenue of $2.7M, expenses of $2K, and assets of $4.9M.
- 2020: Revenue of $-231,616, expenses of $6K, and assets of $2.2M.
- 2019: Revenue of $-55,032, expenses of $88K, and assets of $2.1M.
- 2018: Revenue of $-3,530, expenses of $111K, and assets of $2.1M (revenue -103.2% year-over-year).
- 2017: Revenue of $112K, expenses of $197K, and assets of $2.1M (revenue +227.2% year-over-year).
- 2016: Revenue of $34K, expenses of $264K, and assets of $2.1M (revenue -76.2% year-over-year).
- 2015: Revenue of $144K, expenses of $67K, and assets of $2.3M (revenue -76.7% year-over-year).
- 2014: Revenue of $617K, expenses of $125K, and assets of $2.3M (revenue -62.5% year-over-year).
- 2013: Revenue of $1.6M, expenses of $31K, and assets of $1.6M (revenue +2541.3% year-over-year).
- 2012: Revenue of $62K, expenses of $50K, and assets of $44K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Good Steward Foundation Of Morrisville Vermont Inc:
Data Sources and Methodology
This transparency report for Good Steward Foundation Of Morrisville Vermont 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.