Gwaltney Family Foundation
Gwaltney Family Foundation shows fluctuating revenue and expenses, with consistent zero officer compensation.
EIN: 202294422 · Vestavia Hls, AL · NTEE: T20 · Updated: 2026-03-28
Is Gwaltney Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gwaltney Family Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gwaltney Family Foundation
Gwaltney Family Foundation (EIN: 202294422) is a nonprofit organization based in Vestavia Hls, AL, classified under NTEE code T20. The organization reported total revenue of $47K and total assets of $213K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gwaltney Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Gwaltney Family Foundation with a Mission Score of 75 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Gwaltney Family Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that no officers or directors receive salaries from the foundation, which is a positive sign for a small foundation of this asset size ($213,013).
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 Gwaltney Family Foundation's IRS 990 filings:
- Expenses frequently exceed revenue: In 2023, 2022, and 2021, expenses ($9,612, $54,028, $55,688 respectively) were higher than revenue ($7,176, $3,588, $30,098 respectively), indicating a reliance on asset drawdowns or prior year contributions.
- Significant year-to-year fluctuations in revenue and expenses, making financial planning and predictability challenging.
Strengths
The following positive indicators were identified for Gwaltney Family Foundation:
- Zero officer compensation: No salaries are paid to officers, indicating efficient use of funds for a small foundation.
- Low liabilities: Consistently reports minimal liabilities ($0 or $1), reflecting strong financial management and solvency.
- Stable asset base: Despite revenue fluctuations, assets have remained relatively stable, around $200,000-$280,000 in recent years, providing a financial cushion.
Frequently Asked Questions about Gwaltney Family Foundation
Is Gwaltney Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Gwaltney Family Foundation (EIN: 202294422) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Gwaltney Family Foundation spend its money?
Gwaltney Family Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Gwaltney Family Foundation tax-deductible?
Gwaltney Family Foundation is registered as a tax-exempt nonprofit (EIN: 202294422). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Gwaltney Family Foundation financially sustainable given recent expense trends?
The foundation has experienced periods where expenses significantly exceeded revenue, such as in 2022 ($54,028 expenses vs. $3,588 revenue) and 2021 ($55,688 expenses vs. $30,098 revenue). While its assets of $213,013 provide a buffer, sustained deficits could impact long-term financial health.
What is the specific breakdown of program spending?
The provided IRS 990 summary data does not detail the specific breakdown of program spending. As a grantmaking foundation (NTEE T20), its 'program' spending would primarily be grants to other organizations or individuals.
How does the foundation manage its liabilities?
The foundation consistently reports very low liabilities, often $1 or $0, across all filing periods, indicating a very healthy balance sheet with minimal debt.
Filing History
IRS 990 filing history for Gwaltney Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Gwaltney Family Foundation's revenue has grown by 717500%, moving from $1 to $7K. Total assets increased by 9710.6% over the same period, from $2K to $211K. Total functional expenses rose by 930.2%, from $933 to $10K. In its most recent filing year (2023), Gwaltney Family Foundation reported a deficit of $2K, with expenses exceeding revenue. The organization holds $1 in liabilities against $211K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $211K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $7K | $10K | $211K | $1 | — | — |
| 2022 | $4K | $54K | $211K | $1 | — | View 990 |
| 2021 | $30K | $56K | $264K | $1 | — | — |
| 2020 | $79K | $53K | $290K | $1 | — | — |
| 2019 | $50K | $25K | $263K | $0 | — | View 990 |
| 2015 | $51K | $150 | $199K | $0 | — | View 990 |
| 2014 | $100K | $52K | $148K | $1 | — | View 990 |
| 2013 | $11 | $52K | $100K | $1 | — | View 990 |
| 2012 | $151K | $900 | $152K | $1 | — | View 990 |
| 2011 | $1 | $933 | $2K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7K, expenses of $10K, and assets of $211K (revenue +100.0% year-over-year).
- 2022: Revenue of $4K, expenses of $54K, and assets of $211K (revenue -88.1% year-over-year).
- 2021: Revenue of $30K, expenses of $56K, and assets of $264K (revenue -62.1% year-over-year).
- 2020: Revenue of $79K, expenses of $53K, and assets of $290K (revenue +58.8% year-over-year).
- 2019: Revenue of $50K, expenses of $25K, and assets of $263K (revenue -1.8% year-over-year).
- 2015: Revenue of $51K, expenses of $150, and assets of $199K (revenue -49.1% year-over-year).
- 2014: Revenue of $100K, expenses of $52K, and assets of $148K (revenue +909045.5% year-over-year).
- 2013: Revenue of $11, expenses of $52K, and assets of $100K (revenue -100.0% year-over-year).
- 2012: Revenue of $151K, expenses of $900, and assets of $152K (revenue +15074900.0% year-over-year).
- 2011: Revenue of $1, expenses of $933, and assets of $2K.
Data Sources and Methodology
This transparency report for Gwaltney Family Foundation 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.