Grand Igloo Foundation Inc
Grand Igloo Foundation Inc. shows strong asset growth and zero liabilities amidst volatile revenue.
EIN: 20726210 · Fairbanks, AK · NTEE: A80 · Updated: 2026-03-28
Is Grand Igloo Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Grand Igloo Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Grand Igloo Foundation Inc
Grand Igloo Foundation Inc (EIN: 20726210) is a nonprofit organization based in Fairbanks, AK, classified under NTEE code A80. The organization reported total revenue of $195K and total assets of $905K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Grand Igloo Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Grand Igloo Foundation Inc is a small nonprofit that has been operating for 22 years, with 9 years of IRS 990 filings on record (2014–2024). Revenue has grown at a compound annual rate of -11.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $50K |
| Total Expenses | $16K |
| Surplus / Deficit | +$34K |
| Total Assets | $856K |
| Net Assets | $856K |
| Operating Margin | 68.5% |
| Months of Reserves | 657.1 months |
Financial Health Grade: A
In 2024, Grand Igloo Foundation Inc reported a surplus of $34K with revenue exceeding expenses, holds 657.1 months of operating reserves (strong position).
Financial Trends
Over 9 years of filings (2014–2024), Grand Igloo Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -11.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -52.3% | -67.2% | +11.2% |
| 2023 | -76.8% | +684.1% | +3.1% |
| 2022 | +3075.8% | -79.9% | +193.1% |
| 2020 | +453.4% | +1573.7% | -5.9% |
| 2019 | -99.0% | -84.6% | +0.3% |
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 Grand Igloo Foundation Inc with a Mission Score of 85 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: 85%
- fundraising: 5%
According to IRS 990 filings, Grand Igloo Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $34K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly unusual for an organization of its asset size ($905,446) and suggests a volunteer-led or very lean operational 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.
Red Flags
The following concerns were identified during AI analysis of Grand Igloo Foundation Inc's IRS 990 filings:
- Highly volatile revenue stream, making long-term planning challenging.
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data, hindering full efficiency assessment.
Strengths
The following positive indicators were identified for Grand Igloo Foundation Inc:
- Strong asset growth over time, from $30,664 in 2014 to $905,446 currently.
- Consistently reports zero liabilities, indicating excellent financial stability and no debt.
- Zero officer compensation reported, suggesting a highly efficient or volunteer-driven leadership structure.
- Consistent IRS 990 filing history, demonstrating commitment to transparency and compliance.
- Positive net assets and strong financial reserves.
Frequently Asked Questions about Grand Igloo Foundation Inc
Is Grand Igloo Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Grand Igloo Foundation Inc (EIN: 20726210) some concerns. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
How does Grand Igloo Foundation Inc spend its money?
Grand Igloo Foundation Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Grand Igloo Foundation Inc tax-deductible?
Grand Igloo Foundation Inc is registered as a tax-exempt nonprofit (EIN: 20726210). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Grand Igloo Foundation Inc. manage its significant revenue fluctuations?
The organization has experienced substantial swings in revenue, from $447,819 in 2022 to $49,620 in 2024. Understanding their strategy for managing these variations, especially in funding programs, would be crucial.
What are the specific programs Grand Igloo Foundation Inc. supports?
With an NTEE code of A80 (Arts, Culture & Humanities - General), knowing the specific initiatives or projects they fund would provide better insight into their impact.
How does the organization operate without officer compensation?
The consistent reporting of 0% officer compensation is highly unusual for an organization with nearly $1 million in assets. It raises questions about the operational model, whether it's entirely volunteer-run, or if compensation is reported under different categories.
What is the breakdown of expenses between program, administrative, and fundraising costs?
While total expenses are provided, a detailed breakdown would allow for a more precise assessment of spending efficiency and how much directly supports their mission.
What is the source of the significant asset growth from $30,664 in 2014 to $905,446 currently?
Understanding whether this growth is primarily from retained earnings, investments, or specific large donations would provide insight into their financial strategy and sustainability.
Filing History
IRS 990 filing history for Grand Igloo Foundation Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2014–2024), Grand Igloo Foundation Inc's revenue has declined by 71.4%, moving from $174K to $50K. Total assets increased by 2690.3% over the same period, from $31K to $856K. Total functional expenses fell by 90.5%, from $165K to $16K. In its most recent filing year (2024), Grand Igloo Foundation Inc reported a surplus of $34K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $50K | $16K | $856K | $0 | — | — |
| 2023 | $104K | $48K | $770K | $0 | — | — |
| 2022 | $448K | $6K | $746K | $0 | — | View 990 |
| 2020 | $14K | $30K | $255K | $0 | — | View 990 |
| 2019 | $3K | $2K | $271K | $0 | — | View 990 |
| 2018 | $258K | $12K | $270K | $0 | — | View 990 |
| 2016 | $3K | $6K | $21K | $0 | — | View 990 |
| 2015 | $62K | $69K | $24K | $0 | — | View 990 |
| 2014 | $174K | $165K | $31K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $50K, expenses of $16K, and assets of $856K (revenue -52.3% year-over-year).
- 2023: Revenue of $104K, expenses of $48K, and assets of $770K (revenue -76.8% year-over-year).
- 2022: Revenue of $448K, expenses of $6K, and assets of $746K (revenue +3075.8% year-over-year).
- 2020: Revenue of $14K, expenses of $30K, and assets of $255K (revenue +453.4% year-over-year).
- 2019: Revenue of $3K, expenses of $2K, and assets of $271K (revenue -99.0% year-over-year).
- 2018: Revenue of $258K, expenses of $12K, and assets of $270K (revenue +10094.6% year-over-year).
- 2016: Revenue of $3K, expenses of $6K, and assets of $21K (revenue -95.9% year-over-year).
- 2015: Revenue of $62K, expenses of $69K, and assets of $24K (revenue -64.3% year-over-year).
- 2014: Revenue of $174K, expenses of $165K, and assets of $31K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Grand Igloo Foundation Inc:
Data Sources and Methodology
This transparency report for Grand Igloo 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.