Grube Family Foundation Inc
Grube Family Foundation consistently spends more than it earns, drawing down assets over the last decade.
EIN: 200477803 · Greenwood, IN · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $242K |
| Total Expenses | $409K |
| Program Spending | 90% |
| Net Assets | $4.1M |
| Transparency Score | 70/100 |
Is Grube 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 →
Grube Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Grube Family Foundation Inc
Grube Family Foundation Inc (EIN: 200477803) is a nonprofit organization based in Greenwood, IN, classified under NTEE code B82. The organization reported total revenue of $242K and total assets of $3.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Grube Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Grube Family Foundation Inc is a small nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $235K |
| Total Expenses | $409K |
| Surplus / Deficit | $-173,587 |
| Total Assets | $4.1M |
| Total Liabilities | $1 |
| Net Assets | $4.1M |
| Operating Margin | -73.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 119.2 months |
Financial Health Grade: B
In 2023, Grube Family Foundation Inc reported a deficit of $174K with expenses exceeding revenue, holds 119.2 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), Grube Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -57.0% | +22.4% | -4.1% |
| 2022 | +380.2% | +8.8% | +5.3% |
| 2021 | -8.6% | -11.4% | -4.6% |
| 2020 | -19.0% | -2.2% | -5.0% |
| 2019 | +10.9% | +0.4% | -4.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Grube Family Foundation Inc with a Mission Score of 70 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Grube 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 $174K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly efficient for a 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 Grube Family Foundation Inc's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) in most recent years, e.g., $408,972 expenses vs. $235,385 revenue in 2023.
- Gradual decline in total assets over the past decade, from $5,185,767 in 2012 to $4,062,077 in 2023.
Strengths
The following positive indicators were identified for Grube Family Foundation Inc:
- Zero officer compensation reported, indicating highly efficient use of funds at the executive level.
- Maintains a substantial asset base ($4,062,077 in 2023) providing financial stability despite spending trends.
- Consistent filing of IRS 990s demonstrates strong transparency.
Frequently Asked Questions about Grube Family Foundation Inc
Is Grube Family Foundation Inc a legitimate charity?
Grube Family Foundation Inc (EIN: 200477803) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 70/100. It has 10 years of IRS 990 filings on record. Total revenue: $242K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Grube Family Foundation Inc spend its money?
Grube Family Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Grube Family Foundation Inc tax-deductible?
Grube Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 200477803). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Grube Family Foundation Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Grube Family Foundation Inc is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Grube Family Foundation Inc located?
Grube Family Foundation Inc is headquartered in Greenwood, Indiana and files with the IRS under EIN 200477803. It is classified under NTEE code B82.
How many years of IRS 990 filings does Grube Family Foundation Inc have?
Grube 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 $242K in total revenue.
Is Grube Family Foundation Inc. financially sustainable given its spending patterns?
The foundation has consistently spent more than its revenue in most recent years, leading to a decline in assets from over $5 million in 2012 to just over $4 million in 2023. While it has a substantial asset base, this trend raises concerns about long-term financial sustainability if not reversed.
What is the primary use of the foundation's funds?
Based on the zero officer compensation and the nature of a family foundation, it is highly probable that the vast majority of expenses are directed towards program services (grants and charitable distributions) and necessary administrative overhead, with no reported fundraising costs.
How does the foundation's asset base compare to its annual expenses?
With assets of $4,062,077 in 2023 and expenses of $408,972, the foundation holds assets equivalent to approximately 10 years of its current spending, providing a significant buffer despite the asset decline.
Filing History
IRS 990 filing history for Grube Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Grube Family Foundation Inc's revenue has grown by 34.6%, moving from $175K to $235K. Total assets decreased by 13.3% over the same period, from $4.7M to $4.1M. Total functional expenses rose by 256.4%, from $115K to $409K. In its most recent filing year (2023), Grube Family Foundation Inc reported a deficit of $174K, with expenses exceeding revenue. The organization holds $1 in liabilities against $4.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $235K | $409K | $4.1M | $1 | — | — |
| 2022 | $547K | $334K | $4.2M | $1 | — | View 990 |
| 2021 | $114K | $307K | $4.0M | $1 | — | View 990 |
| 2020 | $125K | $347K | $4.2M | $1 | — | — |
| 2019 | $154K | $354K | $4.4M | $1 | — | View 990 |
| 2015 | $139K | $353K | $4.6M | $1 | — | View 990 |
| 2014 | $124K | $306K | $4.8M | $1 | — | View 990 |
| 2013 | $80K | $242K | $5.0M | $1 | — | View 990 |
| 2012 | $572K | $73K | $5.2M | $1 | — | View 990 |
| 2011 | $175K | $115K | $4.7M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $235K, expenses of $409K, and assets of $4.1M (revenue -57.0% year-over-year).
- 2022: Revenue of $547K, expenses of $334K, and assets of $4.2M (revenue +380.2% year-over-year).
- 2021: Revenue of $114K, expenses of $307K, and assets of $4.0M (revenue -8.6% year-over-year).
- 2020: Revenue of $125K, expenses of $347K, and assets of $4.2M (revenue -19.0% year-over-year).
- 2019: Revenue of $154K, expenses of $354K, and assets of $4.4M (revenue +10.9% year-over-year).
- 2015: Revenue of $139K, expenses of $353K, and assets of $4.6M (revenue +12.2% year-over-year).
- 2014: Revenue of $124K, expenses of $306K, and assets of $4.8M (revenue +54.4% year-over-year).
- 2013: Revenue of $80K, expenses of $242K, and assets of $5.0M (revenue -86.0% year-over-year).
- 2012: Revenue of $572K, expenses of $73K, and assets of $5.2M (revenue +227.3% year-over-year).
- 2011: Revenue of $175K, expenses of $115K, and assets of $4.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Grube Family Foundation Inc:
Data Sources and Methodology
This transparency report for Grube 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.