Gould Family Foundation
Gould Family Foundation's assets declined sharply by over $20 million from 2021 to 2023.
EIN: 20595263 · Westport, CT · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $18K |
| Program Spending | 90% |
| Net Assets | $2.1M |
| Transparency Score | 70/100 |
Is Gould Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gould Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gould Family Foundation
Gould Family Foundation (EIN: 20595263) is a nonprofit organization based in Westport, CT, classified under NTEE code T22. The organization reported total revenue of $1.5M and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gould Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gould Family Foundation is a mid-size nonprofit that has been operating for 24 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -22.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $54K |
| Total Expenses | $18K |
| Surplus / Deficit | +$37K |
| Total Assets | $2.1M |
| Total Liabilities | $1 |
| Net Assets | $2.1M |
| Operating Margin | 67.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 1412.7 months |
Financial Health Grade: A
In 2023, Gould Family Foundation reported a surplus of $37K with revenue exceeding expenses, holds 1412.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Gould Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -22.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -82.1% | -99.9% | +2.6% |
| 2022 | -93.4% | +1757.0% | -91.0% |
| 2021 | +143.8% | +9.2% | +13.8% |
| 2020 | +123.8% | +2.8% | +0.9% |
| 2019 | -60.4% | -6.7% | -7.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
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 Gould Family Foundation 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Gould Family 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $37K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that officers do not receive salaries from the foundation, which is a positive sign for resource allocation.
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 Gould Family Foundation's IRS 990 filings:
- Extreme volatility in annual revenue and expenses, making financial forecasting difficult.
- Dramatic decrease in assets by over $20 million in two years (2021-2023) without clear public explanation in the provided data.
Strengths
The following positive indicators were identified for Gould Family Foundation:
- Consistent reporting of 0% officer compensation, indicating no executive salaries are drawn from the foundation.
- History of consistent IRS 990 filings, demonstrating compliance and transparency in reporting.
- Significant asset base historically, allowing for substantial grantmaking activities.
Frequently Asked Questions about Gould Family Foundation
Is Gould Family Foundation a legitimate charity?
Gould Family Foundation (EIN: 20595263) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 70/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.5M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Gould Family Foundation spend its money?
Gould Family Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Gould Family Foundation tax-deductible?
Gould Family Foundation is registered as a tax-exempt nonprofit (EIN: 20595263). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Gould Family Foundation compare to similar nonprofits?
With a transparency score of 70/100 (Good), Gould Family Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Gould Family Foundation located?
Gould Family Foundation is headquartered in Westport, Connecticut and files with the IRS under EIN 20595263. It is classified under NTEE code T22.
How many years of IRS 990 filings does Gould Family Foundation have?
Gould Family Foundation has 10 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 $1.5M in total revenue.
What caused the significant decrease in assets from $22.3M in 2021 to $2.0M in 2023?
The substantial decrease in assets is primarily due to the $34,742,847 in expenses reported in 2022, which significantly exceeded the revenue for that year and likely represents a major distribution or investment.
What is the nature of the $34,742,847 expense in 2022?
Given the NTEE code for private grantmaking foundations, this large expense likely represents significant grants made to other organizations or individuals, or a substantial investment activity.
How does the foundation sustain its operations with such volatile revenue?
As a private foundation, it likely relies on its endowment (assets) to fund its grantmaking activities, rather than solely on annual contributions, especially given the significant asset base it maintained prior to 2022.
Filing History
IRS 990 filing history for Gould Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Gould Family Foundation's revenue has declined by 95.1%, moving from $1.1M to $54K. Total assets decreased by 89.6% over the same period, from $19.8M to $2.1M. Total functional expenses fell by 98.8%, from $1.5M to $18K. In its most recent filing year (2023), Gould Family Foundation reported a surplus of $37K, with revenue exceeding expenses. The organization holds $1 in liabilities against $2.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $54K | $18K | $2.1M | $1 | — | — |
| 2022 | $303K | $34.7M | $2.0M | $1 | — | View 990 |
| 2021 | $4.6M | $1.9M | $22.4M | $1 | — | View 990 |
| 2020 | $1.9M | $1.7M | $19.7M | $2K | — | View 990 |
| 2019 | $840K | $1.7M | $19.5M | $0 | — | View 990 |
| 2015 | $2.1M | $1.8M | $21.1M | $0 | — | View 990 |
| 2014 | $2.5M | $1.8M | $20.7M | $0 | — | View 990 |
| 2013 | $2.1M | $1.4M | $20.1M | $0 | — | View 990 |
| 2012 | $961K | $1.6M | $19.4M | $0 | — | View 990 |
| 2011 | $1.1M | $1.5M | $19.8M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $54K, expenses of $18K, and assets of $2.1M (revenue -82.1% year-over-year).
- 2022: Revenue of $303K, expenses of $34.7M, and assets of $2.0M (revenue -93.4% year-over-year).
- 2021: Revenue of $4.6M, expenses of $1.9M, and assets of $22.4M (revenue +143.8% year-over-year).
- 2020: Revenue of $1.9M, expenses of $1.7M, and assets of $19.7M (revenue +123.8% year-over-year).
- 2019: Revenue of $840K, expenses of $1.7M, and assets of $19.5M (revenue -60.4% year-over-year).
- 2015: Revenue of $2.1M, expenses of $1.8M, and assets of $21.1M (revenue -14.2% year-over-year).
- 2014: Revenue of $2.5M, expenses of $1.8M, and assets of $20.7M (revenue +17.6% year-over-year).
- 2013: Revenue of $2.1M, expenses of $1.4M, and assets of $20.1M (revenue +118.7% year-over-year).
- 2012: Revenue of $961K, expenses of $1.6M, and assets of $19.4M (revenue -13.6% year-over-year).
- 2011: Revenue of $1.1M, expenses of $1.5M, and assets of $19.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gould Family Foundation:
Data Sources and Methodology
This transparency report for Gould 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.