James And Brenda Grusecki Family Foundation

Is James And Brenda Grusecki Family Foundation Legit?

Some Concerns

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

James And Brenda Grusecki Family Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About James And Brenda Grusecki Family Foundation

James And Brenda Grusecki Family Foundation (EIN: 161639401) is a nonprofit organization based in Chicago, IL, classified under NTEE code T22. The organization reported total revenue of $34.6M and total assets of $32.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of James And Brenda Grusecki Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

James And Brenda Grusecki Family Foundation is a large nonprofit that has been operating for 23 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.3%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, James And Brenda Grusecki Family Foundation reported a surplus of $3.0M with revenue exceeding expenses, holds 223.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).

Financial Trends

Over 10 years of filings (2011–2023), James And Brenda Grusecki Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 10.3%.

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 James And Brenda Grusecki Family Foundation with a Mission Score of 90 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: 5%
• programs: 95%
• fundraising: 0%

According to IRS 990 filings, James And Brenda Grusecki Family Foundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $3.0M, with revenue exceeding expenses.
• Debt-to-asset ratio: 0.2%.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of this asset size ($31,203,519 in 2023) and suggests a very lean operational structure or pro bono leadership.

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 James And Brenda Grusecki Family Foundation's IRS 990 filings:

• Significant negative revenue reported in 2022 ($-6,152,354) without clear explanation in provided data, which could indicate investment volatility.

Strengths

The following positive indicators were identified for James And Brenda Grusecki Family Foundation:

• Consistent asset growth, reaching $31,203,519 in 2023, demonstrating strong financial stability.
• Extremely low overhead with 0% reported officer compensation across all filings, indicating high spending efficiency.
• Expenses consistently represent a small fraction of revenue and assets, maximizing funds available for charitable activities.
• Healthy liabilities-to-assets ratio, with liabilities consistently very low compared to total assets (e.g., $55,924 in liabilities vs. $31,203,519 in assets in 2023).

Frequently Asked Questions about James And Brenda Grusecki Family Foundation

Filing History

IRS 990 filing history for James And Brenda Grusecki Family Foundation showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), James And Brenda Grusecki Family Foundation's revenue has grown by 225.3%, moving from $1.4M to $4.7M. Total assets increased by 362.5% over the same period, from $6.7M to $31.2M. Total functional expenses rose by 186.2%, from $585K to $1.7M. In its most recent filing year (2023), James And Brenda Grusecki Family Foundation reported a surplus of $3.0M, with revenue exceeding expenses. The organization holds $56K in liabilities against $31.2M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $31.1M.

Year-by-Year Financial Summary

• 2023: Revenue of $4.7M, expenses of $1.7M, and assets of $31.2M.
• 2022: Revenue of $-6,152,354, expenses of $1.2M, and assets of $25.0M (revenue -193.1% year-over-year).
• 2021: Revenue of $6.6M, expenses of $1.3M, and assets of $32.4M (revenue -36.4% year-over-year).
• 2020: Revenue of $10.4M, expenses of $1.4M, and assets of $27.0M (revenue +68.2% year-over-year).
• 2019: Revenue of $6.2M, expenses of $1.2M, and assets of $18.0M (revenue +454.5% year-over-year).
• 2015: Revenue of $1.1M, expenses of $825K, and assets of $11.4M (revenue -39.3% year-over-year).
• 2014: Revenue of $1.8M, expenses of $636K, and assets of $11.1M (revenue -15.3% year-over-year).
• 2013: Revenue of $2.2M, expenses of $409K, and assets of $9.6M (revenue +48.9% year-over-year).
• 2012: Revenue of $1.5M, expenses of $313K, and assets of $7.9M (revenue +0.6% year-over-year).
• 2011: Revenue of $1.4M, expenses of $585K, and assets of $6.7M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for James And Brenda Grusecki Family Foundation:

Data Sources and Methodology

This transparency report for James And Brenda Grusecki 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.