Gregory Family Foundation Inc
Gregory Family Foundation shows declining assets over a decade with zero officer compensation.
EIN: 133524895 · Osterville, MA · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $229K |
| Total Expenses | $10K |
| Program Spending | 90% |
| Net Assets | $135K |
| Transparency Score | 85/100 |
Is Gregory 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 →
Gregory Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gregory Family Foundation Inc
Gregory Family Foundation Inc (EIN: 133524895) is a nonprofit organization based in Osterville, MA, classified under NTEE code T20. The organization reported total revenue of $229K and total assets of $183K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gregory Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gregory Family Foundation Inc is a small nonprofit that has been operating for 36 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 17.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $10K |
| Total Expenses | $10K |
| Surplus / Deficit | $-3 |
| Total Assets | $135K |
| Total Liabilities | $1 |
| Net Assets | $135K |
| Operating Margin | -0.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 163.0 months |
Financial Health Grade: B
In 2023, Gregory Family Foundation Inc reported a deficit of $3 with expenses exceeding revenue, holds 163.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Gregory Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 17.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +153.6% | -37.8% | -0.1% |
| 2022 | -88.9% | -32.3% | -8.2% |
| 2021 | +146.0% | -16.8% | -4.9% |
| 2020 | -89.9% | +147.0% | -12.1% |
| 2019 | +16217.1% | -68.2% | -5.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
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 Gregory Family 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, Gregory 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $3, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that no salaries are paid to officers, which is highly favorable for a small foundation of this size.
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 Gregory Family Foundation Inc's IRS 990 filings:
- Long-term decline in assets from $285,762 (2011) to $134,603 (2023)
- Frequent years where expenses significantly exceed revenue (e.g., 2022: Revenue=$3,906, Expenses=$15,938)
Strengths
The following positive indicators were identified for Gregory Family Foundation Inc:
- Consistent 0% officer compensation across all filings
- Very low and stable liabilities ($315) indicating sound debt management
- Consistent IRS 990 filing history demonstrating transparency
Frequently Asked Questions about Gregory Family Foundation Inc
Is Gregory Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Gregory Family Foundation Inc (EIN: 133524895) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Gregory Family Foundation Inc spend its money?
Gregory Family Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Gregory Family Foundation Inc tax-deductible?
Gregory Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133524895). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Gregory Family Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Gregory Family Foundation Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Gregory Family Foundation Inc located?
Gregory Family Foundation Inc is headquartered in Osterville, Massachusetts and files with the IRS under EIN 133524895. It is classified under NTEE code T20.
How many years of IRS 990 filings does Gregory Family Foundation Inc have?
Gregory Family 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 $229K in total revenue.
Is the Gregory Family Foundation Inc. financially stable?
While the foundation has maintained low liabilities, its assets have declined from $285,762 in 2011 to $134,603 in 2023, and expenses have frequently exceeded revenue, suggesting it is drawing down its capital rather than growing it. This is common for a private foundation focused on distributions.
How efficient is the Gregory Family Foundation Inc. with its spending?
The foundation reports 0% officer compensation, which is a strong indicator of efficiency in administrative costs. Without detailed program spending data beyond total expenses, it's difficult to assess the efficiency of its grant-making activities, but the lack of executive salaries is a positive sign.
Does the foundation rely on donations for its operations?
Revenue has been highly variable, with some years showing very low income (e.g., $22 in 2014, $867 in 2015). This suggests the foundation primarily operates from its existing endowment and investment income, rather than consistent public fundraising.
Filing History
IRS 990 filing history for Gregory Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Gregory Family Foundation Inc's revenue has grown by 609.1%, moving from $1K to $10K. Total assets decreased by 52.9% over the same period, from $286K to $135K. Total functional expenses fell by 79.2%, from $48K to $10K. In its most recent filing year (2023), Gregory Family Foundation Inc reported a deficit of $3, with expenses exceeding revenue. The organization holds $1 in liabilities against $135K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $135K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $10K | $10K | $135K | $1 | — | View 990 |
| 2022 | $4K | $16K | $135K | $315 | — | View 990 |
| 2021 | $35K | $24K | $147K | $315 | — | — |
| 2020 | $14K | $28K | $154K | $315 | — | — |
| 2019 | $141K | $11K | $176K | $315 | — | View 990 |
| 2015 | $867 | $36K | $185K | $315 | — | View 990 |
| 2014 | $22 | $13K | $220K | $315 | — | View 990 |
| 2013 | $18K | $13K | $234K | $315 | — | View 990 |
| 2012 | $3K | $53K | $229K | $315 | — | View 990 |
| 2011 | $1K | $48K | $286K | $315 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10K, expenses of $10K, and assets of $135K (revenue +153.6% year-over-year).
- 2022: Revenue of $4K, expenses of $16K, and assets of $135K (revenue -88.9% year-over-year).
- 2021: Revenue of $35K, expenses of $24K, and assets of $147K (revenue +146.0% year-over-year).
- 2020: Revenue of $14K, expenses of $28K, and assets of $154K (revenue -89.9% year-over-year).
- 2019: Revenue of $141K, expenses of $11K, and assets of $176K (revenue +16217.1% year-over-year).
- 2015: Revenue of $867, expenses of $36K, and assets of $185K (revenue +3840.9% year-over-year).
- 2014: Revenue of $22, expenses of $13K, and assets of $220K (revenue -99.9% year-over-year).
- 2013: Revenue of $18K, expenses of $13K, and assets of $234K (revenue +504.1% year-over-year).
- 2012: Revenue of $3K, expenses of $53K, and assets of $229K (revenue +109.2% year-over-year).
- 2011: Revenue of $1K, expenses of $48K, and assets of $286K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gregory Family Foundation Inc:
Data Sources and Methodology
This transparency report for Gregory 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.