Governors Early Literacy Foundation
Governors Early Literacy Foundation shows strong financial growth and zero reported officer compensation over a decade.
EIN: 201115704 · Nashville, TN · NTEE: B92 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $31.7M |
| Total Expenses | $23.2M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $24,930,131 |
| Net Assets | $11.8M |
| Transparency Score | 95/100 |
Is Governors Early Literacy Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Governors Early Literacy Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Governors Early Literacy Foundation
Governors Early Literacy Foundation (EIN: 201115704) is a nonprofit organization based in Nashville, TN, classified under NTEE code B92. The organization reported total revenue of $31.7M and total assets of $19.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Governors Early Literacy Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Governors Early Literacy Foundation is a large nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $24.9M |
| Total Expenses | $23.2M |
| Surplus / Deficit | +$1.7M |
| Total Assets | $21.2M |
| Total Liabilities | $9.3M |
| Net Assets | $11.8M |
| Operating Margin | 6.9% |
| Debt-to-Asset Ratio | 44.1% |
| Months of Reserves | 11.0 months |
Financial Health Grade: A
In 2023, Governors Early Literacy Foundation reported a surplus of $1.7M with revenue exceeding expenses, holds 11.0 months of operating reserves (strong position), has a debt-to-asset ratio of 44.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Governors Early Literacy Foundation's revenue has grown at a compound annual growth rate (CAGR) of 12.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +69.9% | +68.5% | +47.8% |
| 2022 | +12.5% | +11.9% | +24.2% |
| 2021 | +49.2% | +35.0% | +35.5% |
| 2020 | -6.7% | +8.6% | -2.6% |
| 2019 | +9.3% | +1.9% | +10.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| 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 Governors Early Literacy Foundation with a Mission Score of 95 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Governors Early Literacy Foundation allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 $1.7M, with revenue exceeding expenses.
- Debt-to-asset ratio: 44.1%.
Executive Compensation Analysis
Executive compensation is notably absent, with 0% reported for officer compensation across all available filings. This indicates that no portion of the organization's substantial revenue, which reached $24,930,131 in 2023, is allocated to officer salaries, suggesting a highly volunteer-driven or externally compensated leadership structure.
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.
Strengths
The following positive indicators were identified for Governors Early Literacy Foundation:
- Consistent and significant revenue growth, from $6.4M in 2014 to $24.9M in 2023.
- Strong asset growth, increasing from $6.6M in 2014 to $21.1M in 2023.
- 0% reported officer compensation across all 13 filings, indicating high efficiency and mission focus.
- Positive net income in most years, demonstrating sound financial management.
- Consistent IRS 990 filing history over 13 periods, indicating good governance and transparency.
Frequently Asked Questions about Governors Early Literacy Foundation
Is Governors Early Literacy Foundation a legitimate charity?
Governors Early Literacy Foundation (EIN: 201115704) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 95/100. It has 13 years of IRS 990 filings on record. Total revenue: $31.7M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Governors Early Literacy Foundation spend its money?
Governors Early Literacy Foundation directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Governors Early Literacy Foundation tax-deductible?
Governors Early Literacy Foundation is registered as a tax-exempt nonprofit (EIN: 201115704). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Governors Early Literacy Foundation CEO make?
Governors Early Literacy Foundation's highest-compensated officer earns $24,930,131 annually. The organization reported $31.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Governors Early Literacy Foundation's spending goes to programs?
Governors Early Literacy Foundation directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Governors Early Literacy Foundation compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Governors Early Literacy Foundation is above average for NTEE category B92 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Governors Early Literacy Foundation located?
Governors Early Literacy Foundation is headquartered in Nashville, Tennessee and files with the IRS under EIN 201115704. It is classified under NTEE code B92.
How many years of IRS 990 filings does Governors Early Literacy Foundation have?
Governors Early Literacy Foundation has 13 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 $31.7M in total revenue.
Is Governors Early Literacy Foundation a good charity?
Based on the provided financial data, Governors Early Literacy Foundation appears to be a very good charity. It demonstrates strong financial health, consistent growth, and a remarkable commitment to directing funds towards its mission, as evidenced by 0% officer compensation across all filings.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved over time. Revenue grew from $6,418,105 in 2014 to $24,930,131 in 2023, and assets increased from $6,693,201 to $21,187,455 in the same period, indicating robust growth and financial stability.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation across all 13 available filings, suggesting that its officers are either unpaid volunteers or compensated through other means not reported as direct officer compensation on the 990s, which is a strong indicator of efficient resource allocation.
Filing History
IRS 990 filing history for Governors Early Literacy Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Governors Early Literacy Foundation's revenue has grown by 296.6%, moving from $6.3M to $24.9M. Total assets increased by 313% over the same period, from $5.1M to $21.2M. Total functional expenses rose by 320.3%, from $5.5M to $23.2M. In its most recent filing year (2023), Governors Early Literacy Foundation reported a surplus of $1.7M, with revenue exceeding expenses. The organization holds $9.3M in liabilities against $21.2M in assets (debt-to-asset ratio: 44.1%), resulting in net assets of $11.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $24.9M | $23.2M | $21.2M | $9.3M | — | — |
| 2022 | $14.7M | $13.8M | $14.3M | $4.5M | — | View 990 |
| 2021 | $13.0M | $12.3M | $11.5M | $1.5M | — | View 990 |
| 2020 | $8.7M | $9.1M | $8.5M | $140K | — | View 990 |
| 2019 | $9.4M | $8.4M | $8.7M | $133K | — | View 990 |
| 2018 | $8.6M | $8.2M | $7.9M | $75K | — | View 990 |
| 2017 | $8.4M | $7.8M | $7.6M | $50K | — | View 990 |
| 2016 | $7.4M | $7.2M | $6.7M | $54K | — | View 990 |
| 2015 | $6.8M | $6.9M | $6.6M | $48K | — | View 990 |
| 2014 | $6.4M | $6.5M | $6.7M | $22K | — | View 990 |
| 2013 | $6.6M | $6.1M | $6.3M | $17K | — | View 990 |
| 2012 | $6.6M | $5.9M | $5.8M | $127K | — | View 990 |
| 2011 | $6.3M | $5.5M | $5.1M | $75K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $24.9M, expenses of $23.2M, and assets of $21.2M (revenue +69.9% year-over-year).
- 2022: Revenue of $14.7M, expenses of $13.8M, and assets of $14.3M (revenue +12.5% year-over-year).
- 2021: Revenue of $13.0M, expenses of $12.3M, and assets of $11.5M (revenue +49.2% year-over-year).
- 2020: Revenue of $8.7M, expenses of $9.1M, and assets of $8.5M (revenue -6.7% year-over-year).
- 2019: Revenue of $9.4M, expenses of $8.4M, and assets of $8.7M (revenue +9.3% year-over-year).
- 2018: Revenue of $8.6M, expenses of $8.2M, and assets of $7.9M (revenue +1.9% year-over-year).
- 2017: Revenue of $8.4M, expenses of $7.8M, and assets of $7.6M (revenue +13.7% year-over-year).
- 2016: Revenue of $7.4M, expenses of $7.2M, and assets of $6.7M (revenue +9.2% year-over-year).
- 2015: Revenue of $6.8M, expenses of $6.9M, and assets of $6.6M (revenue +5.5% year-over-year).
- 2014: Revenue of $6.4M, expenses of $6.5M, and assets of $6.7M (revenue -3.2% year-over-year).
- 2013: Revenue of $6.6M, expenses of $6.1M, and assets of $6.3M (revenue +0.6% year-over-year).
- 2012: Revenue of $6.6M, expenses of $5.9M, and assets of $5.8M (revenue +4.8% year-over-year).
- 2011: Revenue of $6.3M, expenses of $5.5M, and assets of $5.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Governors Early Literacy Foundation:
Data Sources and Methodology
This transparency report for Governors Early Literacy 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.