Maud Glover Folsom Foundation Inc
Maud Glover Folsom Foundation shows strong asset growth and zero officer compensation over a decade.
EIN: 111965890 · Simsbury, CT · Updated: 2026-03-28
Is Maud Glover Folsom Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maud Glover Folsom Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maud Glover Folsom Foundation Inc
Maud Glover Folsom Foundation Inc (EIN: 111965890) is a nonprofit organization based in Simsbury, CT. The organization reported total revenue of $3.3M and total assets of $12.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maud Glover Folsom Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maud Glover Folsom Foundation Inc is a mid-size nonprofit that has been operating for 65 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 23.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.1M |
| Total Expenses | $1.3M |
| Surplus / Deficit | +$5.8M |
| Total Assets | $12.7M |
| Total Liabilities | $1 |
| Net Assets | $12.7M |
| Operating Margin | 81.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 119.6 months |
Financial Health Grade: A
In 2023, Maud Glover Folsom Foundation Inc reported a surplus of $5.8M with revenue exceeding expenses, holds 119.6 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), Maud Glover Folsom Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 23.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +870.4% | +58.7% | +107.4% |
| 2022 | -34.2% | +199.5% | +3.5% |
| 2021 | -9.3% | -73.3% | +11.1% |
| 2020 | +128.4% | +79.8% | +9.4% |
| 2019 | +21.2% | +22.2% | +21.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1961 |
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 Maud Glover Folsom 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, Maud Glover Folsom 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 $5.8M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization. This is highly unusual for an organization with assets exceeding $12 million and suggests a volunteer-led or externally funded management structure, significantly enhancing the proportion of funds available for programmatic activities.
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 Maud Glover Folsom Foundation Inc's IRS 990 filings:
- NTEE Code Unknown: Lack of a specified NTEE code makes it difficult to benchmark against similar organizations and understand its specific programmatic focus.
Strengths
The following positive indicators were identified for Maud Glover Folsom Foundation Inc:
- Strong program spending: The absence of officer compensation suggests a very high percentage of expenses are directed towards programs.
- Excellent financial health: Assets have grown significantly to $12,699,629 in 202307, while liabilities remain minimal ($1).
- Zero officer compensation: Consistently reporting 0% officer compensation across all filings is a strong indicator of efficiency and mission focus.
- Consistent asset growth: The foundation has demonstrated a clear upward trend in its asset base over the past decade.
- Low liabilities: The organization consistently maintains extremely low liabilities, indicating strong fiscal management and minimal debt.
Frequently Asked Questions about Maud Glover Folsom Foundation Inc
Is Maud Glover Folsom Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Maud Glover Folsom Foundation Inc (EIN: 111965890) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does Maud Glover Folsom Foundation Inc spend its money?
Maud Glover Folsom Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Maud Glover Folsom Foundation Inc tax-deductible?
Maud Glover Folsom Foundation Inc is registered as a tax-exempt nonprofit (EIN: 111965890). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Maud Glover Folsom Foundation Inc a good charity?
Based on the provided financial data, the Maud Glover Folsom Foundation Inc appears to be a very good charity. It demonstrates strong financial health with growing assets (reaching $12,699,629 in 202307), very low liabilities ($1 in 202307), and a remarkable commitment to directing funds to its mission by reporting 0% officer compensation across all filings. This suggests high efficiency and a strong program focus.
How does the foundation manage its expenses?
The foundation manages its expenses very efficiently. In the 202307 period, expenses were $1,274,265 against revenue of $7,056,569, indicating that a relatively small portion of its income is consumed by operational costs. The consistent absence of officer compensation further highlights a lean operational model, maximizing funds for its mission.
What is the trend in the foundation's assets?
The foundation's assets have shown significant and consistent growth over the past decade, increasing from $3,808,554 in 201107 to $12,699,629 in 202307. This substantial increase, particularly the jump from $6,124,339 in 202207 to $12,699,629 in 202307, indicates strong financial management and successful investment or fundraising activities.
Filing History
IRS 990 filing history for Maud Glover Folsom Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Maud Glover Folsom Foundation Inc's revenue has grown by 1176.8%, moving from $553K to $7.1M. Total assets increased by 233.5% over the same period, from $3.8M to $12.7M. Total functional expenses rose by 202%, from $422K to $1.3M. In its most recent filing year (2023), Maud Glover Folsom Foundation Inc reported a surplus of $5.8M, with revenue exceeding expenses. The organization holds $1 in liabilities against $12.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $12.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.1M | $1.3M | $12.7M | $1 | — | View 990 |
| 2022 | $727K | $803K | $6.1M | $1 | — | View 990 |
| 2021 | $1.1M | $268K | $5.9M | $1 | — | View 990 |
| 2020 | $1.2M | $1.0M | $5.3M | $235K | — | — |
| 2019 | $533K | $558K | $4.9M | $0 | — | View 990 |
| 2015 | $440K | $457K | $4.0M | $0 | — | View 990 |
| 2014 | $406K | $575K | $4.0M | $0 | — | View 990 |
| 2013 | $877K | $440K | $4.2M | $0 | — | View 990 |
| 2012 | $273K | $328K | $3.8M | $0 | — | View 990 |
| 2011 | $553K | $422K | $3.8M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.1M, expenses of $1.3M, and assets of $12.7M (revenue +870.4% year-over-year).
- 2022: Revenue of $727K, expenses of $803K, and assets of $6.1M (revenue -34.2% year-over-year).
- 2021: Revenue of $1.1M, expenses of $268K, and assets of $5.9M (revenue -9.3% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.0M, and assets of $5.3M (revenue +128.4% year-over-year).
- 2019: Revenue of $533K, expenses of $558K, and assets of $4.9M (revenue +21.2% year-over-year).
- 2015: Revenue of $440K, expenses of $457K, and assets of $4.0M (revenue +8.5% year-over-year).
- 2014: Revenue of $406K, expenses of $575K, and assets of $4.0M (revenue -53.7% year-over-year).
- 2013: Revenue of $877K, expenses of $440K, and assets of $4.2M (revenue +220.6% year-over-year).
- 2012: Revenue of $273K, expenses of $328K, and assets of $3.8M (revenue -50.5% year-over-year).
- 2011: Revenue of $553K, expenses of $422K, and assets of $3.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maud Glover Folsom Foundation Inc:
Data Sources and Methodology
This transparency report for Maud Glover Folsom 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.