Greenblum Family Foundation

Greenblum Family Foundation consistently spends more than it earns, drawing down assets over the last decade.

EIN: 208031300 · Bethany Beach, DE · NTEE: T22 · Updated: 2026-03-28

$208KRevenue

$187KAssets

65/100Mission Score (Good)

T22

About Greenblum Family Foundation

Greenblum Family Foundation (EIN: 208031300) is a nonprofit organization based in Bethany Beach, DE, classified under NTEE code T22. The organization reported total revenue of $208K and total assets of $187K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greenblum Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Greenblum Family Foundation demonstrates consistent financial transparency through its regular IRS 990 filings, with 10 filings available. The organization's financial health shows a trend of declining assets over the past decade, from $414,403 in 2011 to $186,762 in 2023. This decline is often accompanied by expenses exceeding revenue in several years, such as in 2023 where expenses were $135,324 against revenues of $118,429, and in 2021 where expenses were $164,981 against revenues of $95,158. This pattern suggests the foundation is drawing down its principal to fund its activities.

Regarding spending efficiency, without a detailed breakdown of program service expenses versus administrative and fundraising costs, it's challenging to fully assess. However, the consistent reporting of 0% officer compensation across all available filings is a positive indicator of efficient use of funds at the executive level. The foundation's relatively small asset base and revenue figures suggest it operates as a smaller grant-making entity, which often has different efficiency metrics compared to larger operational charities.

The foundation's transparency is high due to its consistent filing history and the public availability of its 990 forms. The lack of officer compensation is a strong point for donor confidence. However, the sustained trend of expenses exceeding revenue and the shrinking asset base warrant closer observation to ensure long-term sustainability. Donors might want to understand the foundation's strategy for managing its endowment and ensuring its continued ability to fulfill its mission.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Greenblum Family Foundation with a Mission Score of 65 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: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, Greenblum Family 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.

Executive Compensation Analysis

Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers or directors receive salaries from the foundation, which is a strong positive for financial efficiency.

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 Greenblum Family Foundation's IRS 990 filings:

Consistent decline in assets over the past decade (from $414,403 in 2011 to $186,762 in 2023).
Expenses frequently exceed revenue, indicating reliance on asset drawdowns (e.g., 2023: $135,324 expenses vs. $118,429 revenue; 2021: $164,981 expenses vs. $95,158 revenue).

Strengths

The following positive indicators were identified for Greenblum Family Foundation:

100% transparency with 10 IRS 990 filings available.
0% officer compensation reported across all filings, indicating highly efficient executive spending.
Low liabilities reported consistently ($1 in most recent filings).

Frequently Asked Questions about Greenblum Family Foundation

Is Greenblum Family Foundation a good charity?

The Greenblum Family Foundation exhibits strong transparency and efficient executive compensation (0%). However, its consistent trend of expenses exceeding revenue and declining assets raises questions about long-term financial sustainability. Its 'goodness' depends on whether its mission is being effectively achieved despite these financial trends.

Why are the foundation's assets declining?

The foundation's assets have declined from $414,403 in 2011 to $186,762 in 2023. This is primarily due to expenses frequently exceeding revenue, indicating the foundation is spending more than it brings in and drawing down its principal to cover costs.

What is the foundation's strategy for financial sustainability?

The provided data does not detail the foundation's strategy for financial sustainability. Given the consistent decline in assets and expenses often surpassing revenue, understanding their plan to maintain operations and mission fulfillment in the long term would be crucial.

Filing History

IRS 990 filing history for Greenblum Family Foundation showing financial trends over 10 years of public records:

Total assets decreased by 54.9% over the same period, from $414K to $187K. Total functional expenses rose by 341.9%, from $31K to $135K. In its most recent filing year (2023), Greenblum Family Foundation reported a deficit of $17K, with expenses exceeding revenue. The organization holds $1 in liabilities against $187K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $187K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$118K	$135K	$187K	$1	—	—
2022	$96K	$101K	$204K	$1	—	View 990
2021	$95K	$165K	$210K	$1	—	View 990
2020	$168K	$130K	$279K	$1	—	—
2019	$181K	$159K	$241K	$1	—	—
2015	$3K	$58K	$311K	$1	—	View 990
2014	$69K	$55K	$365K	$1	—	View 990
2013	$41K	$81K	$351K	$0	—	View 990
2012	$10K	$32K	$392K	$2K	—	View 990
2011	$-11,285	$31K	$414K	$2K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $118K, expenses of $135K, and assets of $187K (revenue +23.9% year-over-year).
2022: Revenue of $96K, expenses of $101K, and assets of $204K (revenue +0.5% year-over-year).
2021: Revenue of $95K, expenses of $165K, and assets of $210K (revenue -43.3% year-over-year).
2020: Revenue of $168K, expenses of $130K, and assets of $279K (revenue -7.0% year-over-year).
2019: Revenue of $181K, expenses of $159K, and assets of $241K (revenue +5368.9% year-over-year).
2015: Revenue of $3K, expenses of $58K, and assets of $311K (revenue -95.2% year-over-year).
2014: Revenue of $69K, expenses of $55K, and assets of $365K (revenue +70.6% year-over-year).
2013: Revenue of $41K, expenses of $81K, and assets of $351K (revenue +299.2% year-over-year).
2012: Revenue of $10K, expenses of $32K, and assets of $392K.
2011: Revenue of $-11,285, expenses of $31K, and assets of $414K.

Data Sources and Methodology

This transparency report for Greenblum 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.