Grosevnor Foundation Inc
Grosevnor Foundation Inc shows strong asset growth and no officer compensation amidst fluctuating revenues.
EIN: 134104304 · Miami, FL · NTEE: T22 · Updated: 2026-03-28
Is Grosevnor Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Grosevnor Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Grosevnor Foundation Inc
Grosevnor Foundation Inc (EIN: 134104304) is a nonprofit organization based in Miami, FL, classified under NTEE code T22. The organization reported total revenue of $939K and total assets of $2.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Grosevnor Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Grosevnor Foundation Inc is a small nonprofit that has been operating for 26 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 134.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $647K |
| Total Expenses | $165K |
| Surplus / Deficit | +$482K |
| Total Assets | $2.3M |
| Total Liabilities | $1 |
| Net Assets | $2.3M |
| Operating Margin | 74.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 166.7 months |
Financial Health Grade: A
In 2023, Grosevnor Foundation Inc reported a surplus of $482K with revenue exceeding expenses, holds 166.7 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), Grosevnor Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 134.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +549.5% | +151.1% | +1.5% |
| 2022 | -84.0% | -77.4% | +1.5% |
| 2021 | -48.0% | +62.6% | +17.5% |
| 2020 | +155.1% | -60.5% | +17.3% |
| 2019 | +42.1% | +311.1% | +483.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
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 Grosevnor 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: 85%
- fundraising: 5%
According to IRS 990 filings, Grosevnor Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $482K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly unusual for an organization of its size with assets exceeding $2 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 Grosevnor Foundation Inc's IRS 990 filings:
- Highly volatile annual revenue, making future income projections difficult.
Strengths
The following positive indicators were identified for Grosevnor Foundation Inc:
- Consistent asset growth, reaching $2,292,303 in 2023.
- Extremely low liabilities ($1 across all filings), indicating strong financial stability.
- 0% officer compensation reported across all filings, demonstrating a strong commitment to mission efficiency.
- Expenses consistently well below revenue in most recent years, allowing for asset accumulation.
- Excellent transparency with a complete and consistent filing history.
Frequently Asked Questions about Grosevnor Foundation Inc
Is Grosevnor Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Grosevnor Foundation Inc (EIN: 134104304) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Grosevnor Foundation Inc spend its money?
Grosevnor Foundation Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Grosevnor Foundation Inc tax-deductible?
Grosevnor Foundation Inc is registered as a tax-exempt nonprofit (EIN: 134104304). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Grosevnor Foundation Inc manage to operate with 0% officer compensation?
The filings consistently show 0% officer compensation, suggesting that executive functions may be performed by volunteers, compensated through other entities, or that the foundation primarily acts as a grant-making or asset-holding entity with minimal direct operational staff.
What is the primary source of Grosevnor Foundation Inc's fluctuating revenue?
While the filings show significant revenue fluctuations (e.g., $24 in 2011 vs. $1,199,114 in 2020), the specific sources (e.g., grants, investments, donations) are not detailed in the provided summary. This variability suggests reliance on large, infrequent contributions or investment gains.
What are the main program activities of Grosevnor Foundation Inc given its NTEE code T22?
The NTEE code T22 typically relates to 'Philanthropy, Voluntarism, and Grantmaking Foundations - Private Grantmaking Foundations'. This suggests the organization primarily functions by making grants to other non-profits rather than directly operating programs, which aligns with low operational expenses and 0% officer compensation.
Filing History
IRS 990 filing history for Grosevnor Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Grosevnor Foundation Inc's revenue has grown by 2695645.8%, moving from $24 to $647K. Total assets increased by 1974.3% over the same period, from $111K to $2.3M. Total functional expenses rose by 76.7%, from $93K to $165K. In its most recent filing year (2023), Grosevnor Foundation Inc reported a surplus of $482K, with revenue exceeding expenses. The organization holds $1 in liabilities against $2.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $647K | $165K | $2.3M | $1 | — | View 990 |
| 2022 | $100K | $66K | $2.3M | $1 | — | View 990 |
| 2021 | $623K | $291K | $2.2M | $1 | — | View 990 |
| 2020 | $1.2M | $179K | $1.9M | $1 | — | — |
| 2019 | $470K | $453K | $1.6M | $1 | — | View 990 |
| 2015 | $331K | $110K | $277K | $1 | — | View 990 |
| 2014 | $278K | $127K | $202K | $1 | — | View 990 |
| 2013 | $401K | $189K | $112K | $1 | — | View 990 |
| 2012 | $222K | $43K | $186K | $1 | — | View 990 |
| 2011 | $24 | $93K | $111K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $647K, expenses of $165K, and assets of $2.3M (revenue +549.5% year-over-year).
- 2022: Revenue of $100K, expenses of $66K, and assets of $2.3M (revenue -84.0% year-over-year).
- 2021: Revenue of $623K, expenses of $291K, and assets of $2.2M (revenue -48.0% year-over-year).
- 2020: Revenue of $1.2M, expenses of $179K, and assets of $1.9M (revenue +155.1% year-over-year).
- 2019: Revenue of $470K, expenses of $453K, and assets of $1.6M (revenue +42.1% year-over-year).
- 2015: Revenue of $331K, expenses of $110K, and assets of $277K (revenue +19.1% year-over-year).
- 2014: Revenue of $278K, expenses of $127K, and assets of $202K (revenue -30.8% year-over-year).
- 2013: Revenue of $401K, expenses of $189K, and assets of $112K (revenue +80.6% year-over-year).
- 2012: Revenue of $222K, expenses of $43K, and assets of $186K (revenue +925916.7% year-over-year).
- 2011: Revenue of $24, expenses of $93K, and assets of $111K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Grosevnor Foundation Inc:
Data Sources and Methodology
This transparency report for Grosevnor 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.