Harold And Kathleen Gershman Foundation
EIN: 261584651 · Grand Forks, ND · NTEE: T20
| Metric | Value |
|---|---|
| Total Revenue | $625K |
| Total Expenses | $63K |
| Net Assets | $726K |
Is Harold And Kathleen Gershman Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Harold And Kathleen Gershman Foundation
Harold And Kathleen Gershman Foundation (EIN: 261584651) is a nonprofit organization based in Grand Forks, ND, classified under NTEE code T20. The organization reported total revenue of $625K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Harold And Kathleen Gershman Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Harold And Kathleen Gershman Foundation is a small nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -6.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $83K |
| Total Expenses | $63K |
| Surplus / Deficit | +$20K |
| Total Assets | $726K |
| Total Liabilities | $1 |
| Net Assets | $726K |
| Operating Margin | 24.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 138.8 months |
Financial Health Grade: A
In 2023, Harold And Kathleen Gershman Foundation reported a surplus of $20K with revenue exceeding expenses, holds 138.8 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), Harold And Kathleen Gershman Foundation's revenue has declined at a compound annual growth rate (CAGR) of -6.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -113.5% | +871.2% | -63.4% |
| 2021 | +160.9% | +6.2% | +14.5% |
| 2020 | +6.5% | +54.1% | +1.4% |
| 2019 | +96.5% | -39.0% | +2.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Harold And Kathleen Gershman Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Harold And Kathleen Gershman Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $20K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Harold And Kathleen Gershman Foundation
Is Harold And Kathleen Gershman Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Harold And Kathleen Gershman Foundation (EIN: 261584651) insufficient data. 0 red flags identified, 0 strengths noted.
How does Harold And Kathleen Gershman Foundation spend its money?
Detailed spending breakdown data is not yet available for Harold And Kathleen Gershman Foundation. Check back for updated IRS 990 analysis.
Are donations to Harold And Kathleen Gershman Foundation tax-deductible?
Harold And Kathleen Gershman Foundation is registered as a tax-exempt nonprofit (EIN: 261584651). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Harold And Kathleen Gershman Foundation located?
Harold And Kathleen Gershman Foundation is headquartered in Grand Forks, North Dakota and files with the IRS under EIN 261584651. It is classified under NTEE code T20.
How many years of IRS 990 filings does Harold And Kathleen Gershman Foundation have?
Harold And Kathleen Gershman Foundation 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 $625K in total revenue.
Filing History
IRS 990 filing history for Harold And Kathleen Gershman Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Harold And Kathleen Gershman Foundation's revenue has declined by 53.5%, moving from $178K to $83K. Total assets decreased by 17.8% over the same period, from $883K to $726K. Total functional expenses rose by 45.4%, from $43K to $63K. In its most recent filing year (2023), Harold And Kathleen Gershman Foundation reported a surplus of $20K, with revenue exceeding expenses. The organization holds $1 in liabilities against $726K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $726K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $83K | $63K | $726K | $1 | — | View 990 |
| 2022 | $-49,022 | $1.2M | $705K | $1 | — | View 990 |
| 2021 | $364K | $121K | $1.9M | $1 | — | View 990 |
| 2020 | $140K | $114K | $1.7M | $1 | — | — |
| 2019 | $131K | $74K | $1.7M | $1 | — | View 990 |
| 2015 | $67K | $121K | $1.6M | $1 | — | View 990 |
| 2014 | $128K | $57K | $1.7M | $1 | — | View 990 |
| 2013 | $552K | $79K | $1.6M | $1 | — | View 990 |
| 2012 | $291K | $50K | $1.1M | $0 | — | View 990 |
| 2011 | $178K | $43K | $883K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $83K, expenses of $63K, and assets of $726K.
- 2022: Revenue of $-49,022, expenses of $1.2M, and assets of $705K (revenue -113.5% year-over-year).
- 2021: Revenue of $364K, expenses of $121K, and assets of $1.9M (revenue +160.9% year-over-year).
- 2020: Revenue of $140K, expenses of $114K, and assets of $1.7M (revenue +6.5% year-over-year).
- 2019: Revenue of $131K, expenses of $74K, and assets of $1.7M (revenue +96.5% year-over-year).
- 2015: Revenue of $67K, expenses of $121K, and assets of $1.6M (revenue -47.9% year-over-year).
- 2014: Revenue of $128K, expenses of $57K, and assets of $1.7M (revenue -76.9% year-over-year).
- 2013: Revenue of $552K, expenses of $79K, and assets of $1.6M (revenue +89.9% year-over-year).
- 2012: Revenue of $291K, expenses of $50K, and assets of $1.1M (revenue +63.5% year-over-year).
- 2011: Revenue of $178K, expenses of $43K, and assets of $883K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Harold And Kathleen Gershman Foundation:
Data Sources and Methodology
This transparency report for Harold And Kathleen Gershman 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.