Green Family Foundation Inc
Green Family Foundation consistently spends more than annual revenue, relying on substantial assets to fund grants.
EIN: 204256553 · Bradenton, FL · NTEE: T22 · Updated: 2026-03-28
Is Green Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Green Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Green Family Foundation Inc
Green Family Foundation Inc (EIN: 204256553) is a nonprofit organization based in Bradenton, FL, classified under NTEE code T22. The organization reported total revenue of $5.3M and total assets of $20.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Green Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Green Family Foundation Inc with a Mission Score of 92 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: 90%
- fundraising: 0%
According to IRS 990 filings, Green Family Foundation Inc 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.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries from the foundation. This is a significant positive, demonstrating a strong commitment to directing all available funds towards the organization's mission.
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 Green Family Foundation Inc's IRS 990 filings:
- Consistent deficit spending (expenses frequently exceed annual revenue, e.g., $1,229,399 expenses vs. $465,801 revenue in 2023), indicating reliance on endowment draw.
Strengths
The following positive indicators were identified for Green Family Foundation Inc:
- Strong asset base ($20,144,427) providing long-term stability for grant-making.
- Zero officer compensation reported across all filings, indicating high efficiency and dedication of funds to mission.
- Minimal liabilities ($1 in recent years), reflecting sound financial management.
- Consistent grant-making activity, with annual expenses around $1 million, demonstrating a steady commitment to its mission.
Frequently Asked Questions about Green Family Foundation Inc
Is Green Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Green Family Foundation Inc (EIN: 204256553) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does Green Family Foundation Inc spend its money?
Green Family Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Green Family Foundation Inc tax-deductible?
Green Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 204256553). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Green Family Foundation Inc. financially sustainable given its consistent deficit spending?
While the foundation consistently spends more than its annual revenue (e.g., $1,229,399 in expenses vs. $465,801 in revenue in 2023), its substantial asset base of over $20 million suggests it is drawing from its endowment to fund grants. This is a common and sustainable model for foundations, provided the endowment's investment returns are sufficient over the long term to cover these distributions and maintain asset value.
What is the primary source of the foundation's revenue?
The filings show fluctuating revenue, from $133,509 in 2011 to $1,381,627 in 2021. Given the nature of a foundation and the NTEE code T22 (Private Grantmaking Foundations), the revenue likely comes from investment income, contributions from founding family members, or other endowment-related activities, rather than public fundraising.
How does the foundation ensure its grants are effective?
While the financial data confirms consistent grant-making activity (implied by stable expenses around $1 million annually), the IRS 990 data alone does not detail the specific impact or effectiveness of the grants. Further program-specific reporting would be needed to assess this.
Filing History
IRS 990 filing history for Green Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Green Family Foundation Inc's revenue has grown by 248.9%, moving from $134K to $466K. Total assets increased by 20.1% over the same period, from $16.0M to $19.2M. Total functional expenses rose by 30.4%, from $943K to $1.2M. In its most recent filing year (2023), Green Family Foundation Inc reported a deficit of $764K, with expenses exceeding revenue. The organization holds $1 in liabilities against $19.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $19.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $466K | $1.2M | $19.2M | $1 | — | — |
| 2022 | $292K | $1.2M | $18.0M | $1 | — | View 990 |
| 2021 | $1.4M | $1.1M | $22.4M | $1 | — | View 990 |
| 2020 | $571K | $1.1M | $20.6M | $1 | — | View 990 |
| 2019 | $809K | $1.1M | $19.2M | $1 | — | — |
| 2015 | $695K | $1.1M | $17.5M | $27K | — | View 990 |
| 2014 | $1.1M | $1.1M | $18.3M | $40K | — | View 990 |
| 2013 | $965K | $939K | $18.4M | $52K | — | View 990 |
| 2012 | $593K | $1.1M | $16.6M | $63K | — | View 990 |
| 2011 | $134K | $943K | $16.0M | $61K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $466K, expenses of $1.2M, and assets of $19.2M (revenue +59.6% year-over-year).
- 2022: Revenue of $292K, expenses of $1.2M, and assets of $18.0M (revenue -78.9% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.1M, and assets of $22.4M (revenue +142.0% year-over-year).
- 2020: Revenue of $571K, expenses of $1.1M, and assets of $20.6M (revenue -29.5% year-over-year).
- 2019: Revenue of $809K, expenses of $1.1M, and assets of $19.2M (revenue +16.4% year-over-year).
- 2015: Revenue of $695K, expenses of $1.1M, and assets of $17.5M (revenue -34.0% year-over-year).
- 2014: Revenue of $1.1M, expenses of $1.1M, and assets of $18.3M (revenue +9.2% year-over-year).
- 2013: Revenue of $965K, expenses of $939K, and assets of $18.4M (revenue +62.9% year-over-year).
- 2012: Revenue of $593K, expenses of $1.1M, and assets of $16.6M (revenue +343.9% year-over-year).
- 2011: Revenue of $134K, expenses of $943K, and assets of $16.0M.
Data Sources and Methodology
This transparency report for Green Family 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.