Gregg Wadley Foundation Inc
Gregg Wadley Foundation shows strong asset growth and zero executive compensation amidst fluctuating revenues and expenses.
EIN: 203976660 · Oklahoma City, OK · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.8M |
| Total Expenses | $759K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $7 |
| Net Assets | $7.8M |
| Transparency Score | 85/100 |
Is Gregg Wadley Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gregg Wadley Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gregg Wadley Foundation Inc
Gregg Wadley Foundation Inc (EIN: 203976660) is a nonprofit organization based in Oklahoma City, OK, classified under NTEE code T22. The organization reported total revenue of $2.8M and total assets of $9.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gregg Wadley Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gregg Wadley Foundation Inc is a mid-size nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 44.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.2M |
| Total Expenses | $759K |
| Surplus / Deficit | +$4.5M |
| Total Assets | $7.8M |
| Total Liabilities | $9K |
| Net Assets | $7.8M |
| Operating Margin | 85.5% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 123.6 months |
Financial Health Grade: A
In 2023, Gregg Wadley Foundation Inc reported a surplus of $4.5M with revenue exceeding expenses, holds 123.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Gregg Wadley Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 44.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3440.3% | +100.7% | +78.1% |
| 2022 | -44.0% | -0.3% | -29.2% |
| 2021 | -80.0% | -39.8% | +13.5% |
| 2020 | +1088.9% | +141.8% | +0.6% |
| 2019 | -6.5% | -85.1% | +265.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Gregg Wadley 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: 90%
- fundraising: 0%
According to IRS 990 filings, Gregg Wadley 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $4.5M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly efficient for an organization of its size with assets exceeding $7 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 Gregg Wadley Foundation Inc's IRS 990 filings:
- Fluctuating revenue and expense patterns, which could make annual financial planning challenging if not managed by a robust endowment strategy.
Strengths
The following positive indicators were identified for Gregg Wadley Foundation Inc:
- Consistent zero officer compensation, indicating high efficiency and dedication to mission.
- Strong and growing asset base, providing long-term financial stability for grantmaking.
- Minimal liabilities across most filing periods, reflecting a healthy balance sheet.
- Significant revenue in the latest period ($5,230,652) demonstrating capacity for substantial grantmaking.
Frequently Asked Questions about Gregg Wadley Foundation Inc
Is Gregg Wadley Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Gregg Wadley Foundation Inc (EIN: 203976660) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Gregg Wadley Foundation Inc spend its money?
Gregg Wadley Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Gregg Wadley Foundation Inc tax-deductible?
Gregg Wadley Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203976660). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Gregg Wadley Foundation Inc CEO make?
Gregg Wadley Foundation Inc's highest-compensated officer earns $7 annually. The organization reported $2.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Gregg Wadley Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Gregg Wadley Foundation Inc is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Gregg Wadley Foundation Inc located?
Gregg Wadley Foundation Inc is headquartered in Oklahoma City, Oklahoma and files with the IRS under EIN 203976660. It is classified under NTEE code T22.
How many years of IRS 990 filings does Gregg Wadley Foundation Inc have?
Gregg Wadley Foundation Inc has 10 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 $2.8M in total revenue.
Is Gregg Wadley Foundation Inc. a good charity?
Based on the available data, the Gregg Wadley Foundation Inc. appears to be a financially sound private foundation. It consistently reports zero officer compensation, maintains low liabilities, and has a strong asset base, indicating efficient use of funds and a focus on its mission through grantmaking.
How does the foundation manage its expenses relative to its revenue?
The foundation's expenses have often exceeded its revenue in several periods (e.g., 202212, 201512), suggesting it strategically utilizes its asset base for grantmaking rather than relying solely on annual income. However, the latest filing (202312) shows revenue significantly exceeding expenses, contributing to asset growth.
What is the trend in the foundation's assets?
The foundation's assets have shown significant growth, increasing from $3,984,903 in 201112 to $7,820,283 in 202312, with a peak of $9,021,619 in the latest available data, indicating successful asset management and accumulation.
Filing History
IRS 990 filing history for Gregg Wadley Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Gregg Wadley Foundation Inc's revenue has grown by 7921%, moving from $65K to $5.2M. Total assets increased by 96.2% over the same period, from $4.0M to $7.8M. Total functional expenses rose by 117.1%, from $350K to $759K. In its most recent filing year (2023), Gregg Wadley Foundation Inc reported a surplus of $4.5M, with revenue exceeding expenses. The organization holds $9K in liabilities against $7.8M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $7.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.2M | $759K | $7.8M | $9K | — | — |
| 2022 | $148K | $378K | $4.4M | $1 | — | — |
| 2021 | $264K | $379K | $6.2M | $1 | — | View 990 |
| 2020 | $1.3M | $630K | $5.5M | $1 | — | View 990 |
| 2019 | $111K | $261K | $5.4M | $1 | — | View 990 |
| 2015 | $119K | $1.8M | $1.5M | $1 | — | View 990 |
| 2014 | $581K | $1.2M | $3.1M | $1 | — | View 990 |
| 2013 | $116K | $292K | $3.8M | $1 | — | View 990 |
| 2012 | $101K | $146K | $3.9M | $1 | — | View 990 |
| 2011 | $65K | $350K | $4.0M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.2M, expenses of $759K, and assets of $7.8M (revenue +3440.3% year-over-year).
- 2022: Revenue of $148K, expenses of $378K, and assets of $4.4M (revenue -44.0% year-over-year).
- 2021: Revenue of $264K, expenses of $379K, and assets of $6.2M (revenue -80.0% year-over-year).
- 2020: Revenue of $1.3M, expenses of $630K, and assets of $5.5M (revenue +1088.9% year-over-year).
- 2019: Revenue of $111K, expenses of $261K, and assets of $5.4M (revenue -6.5% year-over-year).
- 2015: Revenue of $119K, expenses of $1.8M, and assets of $1.5M (revenue -79.6% year-over-year).
- 2014: Revenue of $581K, expenses of $1.2M, and assets of $3.1M (revenue +402.3% year-over-year).
- 2013: Revenue of $116K, expenses of $292K, and assets of $3.8M (revenue +15.0% year-over-year).
- 2012: Revenue of $101K, expenses of $146K, and assets of $3.9M (revenue +54.3% year-over-year).
- 2011: Revenue of $65K, expenses of $350K, and assets of $4.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gregg Wadley Foundation Inc:
Data Sources and Methodology
This transparency report for Gregg Wadley 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.