Great Expectations Foundation
Great Expectations Foundation shows consistent asset growth and low expenses, with no reported officer compensation.
EIN: 205931949 · Grand Marais, MN · NTEE: T990 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $526K |
| Total Expenses | $69K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $674K |
| Transparency Score | 85/100 |
Is Great Expectations Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Great Expectations Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Great Expectations Foundation
Great Expectations Foundation (EIN: 205931949) is a nonprofit organization based in Grand Marais, MN, classified under NTEE code T990. The organization reported total revenue of $526K and total assets of $4.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Great Expectations Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Great Expectations Foundation is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $279K |
| Total Expenses | $69K |
| Surplus / Deficit | +$211K |
| Total Assets | $1.2M |
| Total Liabilities | $540K |
| Net Assets | $674K |
| Operating Margin | 75.4% |
| Debt-to-Asset Ratio | 44.5% |
| Months of Reserves | 211.9 months |
Financial Health Grade: A
In 2023, Great Expectations Foundation reported a surplus of $211K with revenue exceeding expenses, holds 211.9 months of operating reserves (strong position), has a debt-to-asset ratio of 44.5% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Great Expectations Foundation's revenue has grown at a compound annual growth rate (CAGR) of 9.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +38.9% | -18.6% | +17.1% |
| 2022 | +29.4% | -18.7% | +4.6% |
| 2021 | -12.1% | +1.5% | +3.1% |
| 2020 | -0.7% | +9.9% | +3.0% |
| 2019 | +9.1% | -12.3% | +2.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Great Expectations Foundation 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Great Expectations Foundation 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $211K, with revenue exceeding expenses.
- Debt-to-asset ratio: 44.5%.
Executive Compensation Analysis
The Great Expectations Foundation reports 0% officer compensation across all available filings, suggesting a volunteer-led organization or that executive compensation is below IRS reporting thresholds, which is highly efficient for an organization of its size with assets nearing $5 million.
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 Great Expectations Foundation's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data makes precise efficiency assessment difficult.
- Significant asset growth without clear corresponding increase in reported expenses could indicate substantial investment activities or accumulation of funds rather than direct program spending, warranting further investigation into asset utilization.
Strengths
The following positive indicators were identified for Great Expectations Foundation:
- Strong financial stability with consistent revenue growth and assets increasing from $763,894 in 2014 to $4,865,282 currently.
- Very low expense ratio relative to revenue, with expenses of $68,742 against $279,470 in revenue in 202306, suggesting efficient operations.
- No reported officer compensation across all filings, indicating a highly volunteer-driven or cost-conscious leadership.
- Consistent positive net income, contributing to a robust and growing asset base.
Frequently Asked Questions about Great Expectations Foundation
Is Great Expectations Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Great Expectations Foundation (EIN: 205931949) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Great Expectations Foundation spend its money?
Great Expectations Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Great Expectations Foundation tax-deductible?
Great Expectations Foundation is registered as a tax-exempt nonprofit (EIN: 205931949). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Great Expectations Foundation CEO make?
Great Expectations Foundation's highest-compensated officer earns $5 annually. The organization reported $526K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Great Expectations Foundation's spending goes to programs?
Great Expectations Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Great Expectations Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Great Expectations Foundation is above average for NTEE category T990 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Great Expectations Foundation located?
Great Expectations Foundation is headquartered in Grand Marais, Minnesota and files with the IRS under EIN 205931949. It is classified under NTEE code T990.
How many years of IRS 990 filings does Great Expectations Foundation have?
Great Expectations 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 $526K in total revenue.
Is Great Expectations Foundation financially stable?
Yes, the organization appears financially stable, with assets growing from $763,894 in 2014 to $4,865,282 currently, and revenue consistently exceeding expenses, such as $279,470 in revenue against $68,742 in expenses in 202306.
How does Great Expectations Foundation manage its expenses?
The organization consistently reports expenses significantly lower than its revenue. For example, in 202306, expenses were $68,742 against $279,470 in revenue, indicating a very lean operational model or significant investment activities.
Does Great Expectations Foundation pay its officers?
Based on the provided IRS 990 data, Great Expectations Foundation reports 0% officer compensation across all available filings, suggesting that its leadership is either volunteer-based or compensated below IRS reporting thresholds.
What is the trend in the organization's assets?
The organization's assets have shown a strong upward trend, increasing from $763,894 in 2014 to $4,865,282 currently, indicating successful asset accumulation and management.
Filing History
IRS 990 filing history for Great Expectations Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Great Expectations Foundation's revenue has grown by 199.2%, moving from $93K to $279K. Total assets increased by 47% over the same period, from $826K to $1.2M. Total functional expenses fell by 22.7%, from $89K to $69K. In its most recent filing year (2023), Great Expectations Foundation reported a surplus of $211K, with revenue exceeding expenses. The organization holds $540K in liabilities against $1.2M in assets (debt-to-asset ratio: 44.5%), resulting in net assets of $674K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $279K | $69K | $1.2M | $540K | — | View 990 |
| 2022 | $201K | $84K | $1.0M | $574K | — | View 990 |
| 2021 | $156K | $104K | $992K | $627K | — | View 990 |
| 2020 | $177K | $102K | $962K | $649K | — | View 990 |
| 2019 | $178K | $93K | $934K | $696K | — | View 990 |
| 2018 | $163K | $106K | $909K | $756K | — | View 990 |
| 2017 | $119K | $85K | $834K | $738K | — | View 990 |
| 2016 | $101K | $87K | $757K | $695K | — | View 990 |
| 2015 | $104K | $90K | $765K | $719K | — | View 990 |
| 2014 | $99K | $90K | $764K | $741K | — | View 990 |
| 2013 | $97K | $91K | $775K | $761K | — | View 990 |
| 2012 | $88K | $81K | $817K | $809K | — | View 990 |
| 2011 | $93K | $89K | $826K | $825K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $279K, expenses of $69K, and assets of $1.2M (revenue +38.9% year-over-year).
- 2022: Revenue of $201K, expenses of $84K, and assets of $1.0M (revenue +29.4% year-over-year).
- 2021: Revenue of $156K, expenses of $104K, and assets of $992K (revenue -12.1% year-over-year).
- 2020: Revenue of $177K, expenses of $102K, and assets of $962K (revenue -0.7% year-over-year).
- 2019: Revenue of $178K, expenses of $93K, and assets of $934K (revenue +9.1% year-over-year).
- 2018: Revenue of $163K, expenses of $106K, and assets of $909K (revenue +37.3% year-over-year).
- 2017: Revenue of $119K, expenses of $85K, and assets of $834K (revenue +17.8% year-over-year).
- 2016: Revenue of $101K, expenses of $87K, and assets of $757K (revenue -3.2% year-over-year).
- 2015: Revenue of $104K, expenses of $90K, and assets of $765K (revenue +5.1% year-over-year).
- 2014: Revenue of $99K, expenses of $90K, and assets of $764K (revenue +2.7% year-over-year).
- 2013: Revenue of $97K, expenses of $91K, and assets of $775K (revenue +10.1% year-over-year).
- 2012: Revenue of $88K, expenses of $81K, and assets of $817K (revenue -5.9% year-over-year).
- 2011: Revenue of $93K, expenses of $89K, and assets of $826K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Great Expectations Foundation:
Data Sources and Methodology
This transparency report for Great Expectations 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.