Kenneth Wayne Gillon Foundation
Kenneth Wayne Gillon Foundation maintains stable assets and no reported officer compensation amidst fluctuating revenues.
EIN: 205721977 · Huntsville, AL · NTEE: P99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $43K |
| Total Expenses | $9K |
| Program Spending | 80% |
| Net Assets | $171K |
| Transparency Score | 75/100 |
Is Kenneth Wayne Gillon Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kenneth Wayne Gillon Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kenneth Wayne Gillon Foundation
Kenneth Wayne Gillon Foundation (EIN: 205721977) is a nonprofit organization based in Huntsville, AL, classified under NTEE code P99. The organization reported total revenue of $43K and total assets of $186K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kenneth Wayne Gillon Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kenneth Wayne Gillon Foundation is a micro nonprofit that has been operating for 10 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of -2.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9K |
| Total Expenses | $9K |
| Surplus / Deficit | +$152 |
| Total Assets | $171K |
| Total Liabilities | $1 |
| Net Assets | $171K |
| Operating Margin | 1.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 225.7 months |
Financial Health Grade: A
In 2023, Kenneth Wayne Gillon Foundation reported a surplus of $152 with revenue exceeding expenses, holds 225.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 5 years of filings (2019–2023), Kenneth Wayne Gillon Foundation's revenue has declined at a compound annual growth rate (CAGR) of -2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -37.4% | -48.7% | +2.2% |
| 2022 | +37.4% | +8.3% | -16.6% |
| 2021 | +83.7% | +143.0% | +11.2% |
| 2020 | -43.3% | -49.2% | +2.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2016 |
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 Kenneth Wayne Gillon 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, Kenneth Wayne Gillon 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $152, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The foundation consistently reports 0% officer compensation across all five filings, indicating that its leadership is either entirely volunteer-based or compensated through non-officer channels, which is a positive sign for donor funds directly supporting 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.
Red Flags
The following concerns were identified during AI analysis of Kenneth Wayne Gillon Foundation's IRS 990 filings:
- Lack of detailed expense breakdown makes precise program efficiency difficult to assess.
Strengths
The following positive indicators were identified for Kenneth Wayne Gillon Foundation:
- Consistent low liabilities ($1) across all periods, indicating strong financial management.
- No reported officer compensation, suggesting efficient use of funds for mission.
- Stable asset base relative to its size, demonstrating financial resilience.
- Consistent IRS 990 filing history, indicating good transparency practices.
Frequently Asked Questions about Kenneth Wayne Gillon Foundation
Is Kenneth Wayne Gillon Foundation a legitimate charity?
Kenneth Wayne Gillon Foundation (EIN: 205721977) is a registered tax-exempt nonprofit based in Alabama. Our AI analysis gives it a Mission Score of 75/100. It has 5 years of IRS 990 filings on record. Total revenue: $43K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Kenneth Wayne Gillon Foundation spend its money?
Kenneth Wayne Gillon Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Kenneth Wayne Gillon Foundation tax-deductible?
Kenneth Wayne Gillon Foundation is registered as a tax-exempt nonprofit (EIN: 205721977). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Kenneth Wayne Gillon Foundation's spending goes to programs?
Kenneth Wayne Gillon Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Kenneth Wayne Gillon Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Kenneth Wayne Gillon Foundation is above average for NTEE category P99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Kenneth Wayne Gillon Foundation located?
Kenneth Wayne Gillon Foundation is headquartered in Huntsville, Alabama and files with the IRS under EIN 205721977. It is classified under NTEE code P99.
How many years of IRS 990 filings does Kenneth Wayne Gillon Foundation have?
Kenneth Wayne Gillon Foundation has 5 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 $43K in total revenue.
Is the Kenneth Wayne Gillon Foundation financially stable?
Yes, the foundation appears financially stable, consistently maintaining assets above $166,000 and very low liabilities ($1) across all reported periods, despite fluctuating annual revenues.
Does the foundation pay its officers?
Based on the IRS 990 filings, the foundation consistently reports 0% officer compensation, suggesting that its officers are not compensated or are compensated through means not reported as such.
How has the foundation's revenue trended?
The foundation's revenue has fluctuated, ranging from a low of $5,835 in 2020 to a high of $14,729 in 2022, with the latest reported revenue at $9,223 in 2023.
Filing History
IRS 990 filing history for Kenneth Wayne Gillon Foundation showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Kenneth Wayne Gillon Foundation's revenue has declined by 10.4%, moving from $10K to $9K. Total assets decreased by 2.9% over the same period, from $176K to $171K. Total functional expenses fell by 31.5%, from $13K to $9K. In its most recent filing year (2023), Kenneth Wayne Gillon Foundation reported a surplus of $152, with revenue exceeding expenses. The organization holds $1 in liabilities against $171K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $171K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9K | $9K | $171K | $1 | — | — |
| 2022 | $15K | $18K | $167K | $1 | — | — |
| 2021 | $11K | $16K | $200K | $1 | — | — |
| 2020 | $6K | $7K | $180K | $1 | — | View 990 |
| 2019 | $10K | $13K | $176K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9K, expenses of $9K, and assets of $171K (revenue -37.4% year-over-year).
- 2022: Revenue of $15K, expenses of $18K, and assets of $167K (revenue +37.4% year-over-year).
- 2021: Revenue of $11K, expenses of $16K, and assets of $200K (revenue +83.7% year-over-year).
- 2020: Revenue of $6K, expenses of $7K, and assets of $180K (revenue -43.3% year-over-year).
- 2019: Revenue of $10K, expenses of $13K, and assets of $176K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kenneth Wayne Gillon Foundation:
Data Sources and Methodology
This transparency report for Kenneth Wayne Gillon 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.