Gvtc Foundation Inc

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Gvtc Foundation Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Gvtc Foundation Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Gvtc Foundation Inc in one place.

Is Gvtc Foundation Inc Legit?

Appears Legitimate

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Gvtc Foundation Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Gvtc Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Gvtc Foundation Inc

Gvtc Foundation Inc (EIN: 205731821) is a nonprofit organization based in New Braunfels, TX, classified under NTEE code T30. The organization reported total revenue of $1.2M and total assets of $3.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gvtc Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Gvtc Foundation Inc is a mid-size nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.4%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Gvtc Foundation Inc reported a surplus of $146K with revenue exceeding expenses, holds 57.4 months of operating reserves (strong position), has a debt-to-asset ratio of 2.7% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), Gvtc Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.4%.

IRS Tax-Exempt Classification

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 Gvtc Foundation Inc with a Mission Score of 95 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, Gvtc 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 $146K, with revenue exceeding expenses.
• Debt-to-asset ratio: 2.7%.

Executive Compensation Analysis

The organization reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This suggests a volunteer-led executive structure or that compensation is covered by an affiliated entity, which is a strong positive for directing funds to the mission.

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.

Strengths

The following positive indicators were identified for Gvtc Foundation Inc:

• Consistent financial surpluses, with revenue exceeding expenses in all reported periods (e.g., $731,013 revenue vs. $585,462 expenses in 2023).
• Steady growth in assets, increasing from $635,028 in 2014 to $2,801,522 in 2023.
• 0% officer compensation reported across all filings, indicating efficient use of funds and strong commitment to mission.
• Low liabilities relative to assets, demonstrating strong financial stability (e.g., $75,506 liabilities vs. $2,801,522 assets in 2023).

Frequently Asked Questions about Gvtc Foundation Inc

Filing History

IRS 990 filing history for Gvtc Foundation Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Gvtc Foundation Inc's revenue has grown by 87.2%, moving from $390K to $731K. Total assets increased by 1059.7% over the same period, from $242K to $2.8M. Total functional expenses rose by 110.3%, from $278K to $585K. In its most recent filing year (2023), Gvtc Foundation Inc reported a surplus of $146K, with revenue exceeding expenses. The organization holds $76K in liabilities against $2.8M in assets (debt-to-asset ratio: 2.7%), resulting in net assets of $2.7M.

Year-by-Year Financial Summary

• 2023: Revenue of $731K, expenses of $585K, and assets of $2.8M (revenue -32.8% year-over-year).
• 2022: Revenue of $1.1M, expenses of $659K, and assets of $2.4M (revenue +49.1% year-over-year).
• 2021: Revenue of $730K, expenses of $512K, and assets of $2.4M (revenue +0.2% year-over-year).
• 2020: Revenue of $728K, expenses of $609K, and assets of $2.2M (revenue -5.3% year-over-year).
• 2019: Revenue of $769K, expenses of $595K, and assets of $1.9M (revenue -7.2% year-over-year).
• 2018: Revenue of $828K, expenses of $532K, and assets of $1.6M (revenue +4.0% year-over-year).
• 2017: Revenue of $796K, expenses of $496K, and assets of $1.4M (revenue +23.7% year-over-year).
• 2016: Revenue of $644K, expenses of $398K, and assets of $1.1M (revenue +30.2% year-over-year).
• 2015: Revenue of $494K, expenses of $373K, and assets of $744K (revenue +5.0% year-over-year).
• 2014: Revenue of $471K, expenses of $342K, and assets of $635K (revenue +35.0% year-over-year).
• 2013: Revenue of $349K, expenses of $268K, and assets of $466K (revenue -3.5% year-over-year).
• 2012: Revenue of $361K, expenses of $241K, and assets of $362K (revenue -7.5% year-over-year).
• 2011: Revenue of $390K, expenses of $278K, and assets of $242K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Gvtc Foundation Inc:

Data Sources and Methodology

This transparency report for Gvtc 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.