Monte H Greenawalt Foundation Inc
Monte H Greenawalt Foundation Inc shows minimal recent financial activity and consistent net losses, with assets significantly depleted over time.
EIN: 202848031 · Des Moines, IA · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $65 |
| Total Expenses | $312 |
| Program Spending | 70% |
| Net Assets | $997 |
| Transparency Score | 45/100 |
Is Monte H Greenawalt Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Monte H Greenawalt Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Monte H Greenawalt Foundation Inc
Monte H Greenawalt Foundation Inc (EIN: 202848031) is a nonprofit organization based in Des Moines, IA, classified under NTEE code T20. The organization reported total revenue of $65 and total assets of $998 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Monte H Greenawalt Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Monte H Greenawalt Foundation Inc is a micro nonprofit that has been operating for 21 years, with 6 years of IRS 990 filings on record (2011–2019). Revenue has grown at a compound annual rate of -52.2%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $65 |
| Total Expenses | $312 |
| Surplus / Deficit | $-247 |
| Total Assets | $998 |
| Total Liabilities | $1 |
| Net Assets | $997 |
| Operating Margin | -380.0% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 38.4 months |
Financial Health Grade: B
In 2019, Monte H Greenawalt Foundation Inc reported a deficit of $247 with expenses exceeding revenue, holds 38.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 6 years of filings (2011–2019), Monte H Greenawalt Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -52.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | -53.9% | +16.4% | -16.7% |
| 2014 | -100.0% | -100.0% | -0.5% |
| 2013 | -98.4% | -89.9% | -96.8% |
| 2012 | +5.8% | -17.1% | -90.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Monte H Greenawalt Foundation Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Monte H Greenawalt Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $247, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all filings, indicating that no officers or directors received compensation, which is appropriate for an organization of this size and financial activity.
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 Monte H Greenawalt Foundation Inc's IRS 990 filings:
- Consistent negative net income, with expenses significantly exceeding revenue in most periods.
- Significant depletion of assets from $423,856 in 2011 to $998 in 2019, indicating unsustainable spending relative to income.
- Extremely low revenue ($65 in 2019) suggests minimal current operational activity or funding.
Strengths
The following positive indicators were identified for Monte H Greenawalt Foundation Inc:
- Zero officer compensation reported across all filings, indicating good transparency regarding executive pay.
- Low liabilities reported ($1 in 2019), suggesting minimal debt burden.
Frequently Asked Questions about Monte H Greenawalt Foundation Inc
Is Monte H Greenawalt Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Monte H Greenawalt Foundation Inc (EIN: 202848031) significant concerns. Mission Score: 45/100. 3 red flags identified, 2 strengths noted.
How does Monte H Greenawalt Foundation Inc spend its money?
Monte H Greenawalt Foundation Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Monte H Greenawalt Foundation Inc tax-deductible?
Monte H Greenawalt Foundation Inc is registered as a tax-exempt nonprofit (EIN: 202848031). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Monte H Greenawalt Foundation Inc's spending goes to programs?
Monte H Greenawalt Foundation Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Monte H Greenawalt Foundation Inc compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Monte H Greenawalt Foundation Inc is near average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Monte H Greenawalt Foundation Inc located?
Monte H Greenawalt Foundation Inc is headquartered in Des Moines, Iowa and files with the IRS under EIN 202848031. It is classified under NTEE code T20.
How many years of IRS 990 filings does Monte H Greenawalt Foundation Inc have?
Monte H Greenawalt Foundation Inc has 6 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 $65 in total revenue.
Is Monte H Greenawalt Foundation Inc still actively pursuing its mission given its minimal revenue and assets?
With only $65 in revenue and $998 in assets in its latest filing, the organization's operational capacity appears extremely limited, raising questions about its current programmatic activity.
What caused the significant depletion of assets from $423,856 in 2011 to $998 in 2019?
The filings show consistent expenses far exceeding revenue, particularly in earlier years (e.g., $491,042 expenses vs. $23,811 revenue in 2011), which likely led to the substantial reduction in assets over time.
How does the organization cover its expenses when revenue is consistently lower?
The consistent net losses suggest the organization has been drawing down its assets to cover expenses, as evidenced by the significant decrease in total assets over the years.
Filing History
IRS 990 filing history for Monte H Greenawalt Foundation Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2019), Monte H Greenawalt Foundation Inc's revenue has declined by 99.7%, moving from $24K to $65. Total assets decreased by 99.8% over the same period, from $424K to $998. Total functional expenses fell by 99.9%, from $491K to $312. In its most recent filing year (2019), Monte H Greenawalt Foundation Inc reported a deficit of $247, with expenses exceeding revenue. The organization holds $1 in liabilities against $998 in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $997.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $65 | $312 | $998 | $1 | — | View 990 |
| 2015 | $141 | $268 | $1K | $0 | — | View 990 |
| 2014 | $0 | $6 | $1K | $0 | — | View 990 |
| 2013 | $398 | $41K | $1K | $0 | — | View 990 |
| 2012 | $25K | $407K | $42K | $0 | — | View 990 |
| 2011 | $24K | $491K | $424K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $65, expenses of $312, and assets of $998 (revenue -53.9% year-over-year).
- 2015: Revenue of $141, expenses of $268, and assets of $1K.
- 2014: Revenue of $0, expenses of $6, and assets of $1K (revenue -100.0% year-over-year).
- 2013: Revenue of $398, expenses of $41K, and assets of $1K (revenue -98.4% year-over-year).
- 2012: Revenue of $25K, expenses of $407K, and assets of $42K (revenue +5.8% year-over-year).
- 2011: Revenue of $24K, expenses of $491K, and assets of $424K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Monte H Greenawalt Foundation Inc:
Data Sources and Methodology
This transparency report for Monte H Greenawalt 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.