Otis Glebe Medical Research Foundation
Otis Glebe Medical Research Foundation faces asset depletion as expenses consistently outpace volatile revenue.
EIN: 200780043 · Lincoln, NE · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $850K |
| Total Expenses | $157K |
| Program Spending | 70% |
| Net Assets | $1.1M |
| Transparency Score | 55/100 |
Is Otis Glebe Medical Research Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Otis Glebe Medical Research Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Otis Glebe Medical Research Foundation
Otis Glebe Medical Research Foundation (EIN: 200780043) is a nonprofit organization based in Lincoln, NE, classified under NTEE code T22. The organization reported total revenue of $850K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Otis Glebe Medical Research Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Otis Glebe Medical Research Foundation is a small nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $79K |
| Total Expenses | $157K |
| Surplus / Deficit | $-77,991 |
| Total Assets | $1.1M |
| Total Liabilities | $93 |
| Net Assets | $1.1M |
| Operating Margin | -98.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 85.3 months |
Financial Health Grade: B
In 2023, Otis Glebe Medical Research Foundation reported a deficit of $78K with expenses exceeding revenue, holds 85.3 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), Otis Glebe Medical Research Foundation's revenue has declined at a compound annual growth rate (CAGR) of -5.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +602.0% | -9.9% | -6.5% |
| 2022 | -95.3% | -0.3% | -12.0% |
| 2021 | +15.7% | +18.2% | +4.6% |
| 2020 | +53.2% | +2.3% | +5.5% |
| 2019 | -22.6% | +0.6% | -18.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Otis Glebe Medical Research Foundation with a Mission Score of 55 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, Otis Glebe Medical Research Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $78K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers are receiving salaries from the organization, which is a strong positive for minimizing overhead.
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 Otis Glebe Medical Research Foundation's IRS 990 filings:
- Consistent decline in total assets over the past decade, from $1.6M to $1.1M.
- Annual expenses frequently exceed annual revenue, indicating reliance on asset drawdowns.
- Significant discrepancy between the 'Latest Revenue' figure and individual annual filing revenues.
- Highly volatile annual revenue, making financial planning and sustainability challenging.
Strengths
The following positive indicators were identified for Otis Glebe Medical Research Foundation:
- Zero officer compensation reported across all filings, indicating low executive overhead.
- Consistent IRS 990 filing history, demonstrating transparency in reporting.
- Maintains over $1 million in assets, providing some financial cushion despite declines.
Frequently Asked Questions about Otis Glebe Medical Research Foundation
Is Otis Glebe Medical Research Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Otis Glebe Medical Research Foundation (EIN: 200780043) some concerns. Mission Score: 55/100. 4 red flags identified, 3 strengths noted.
How does Otis Glebe Medical Research Foundation spend its money?
Otis Glebe Medical Research Foundation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Otis Glebe Medical Research Foundation tax-deductible?
Otis Glebe Medical Research Foundation is registered as a tax-exempt nonprofit (EIN: 200780043). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Otis Glebe Medical Research Foundation's spending goes to programs?
Otis Glebe Medical Research Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Otis Glebe Medical Research Foundation compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Otis Glebe Medical Research Foundation is near average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Otis Glebe Medical Research Foundation located?
Otis Glebe Medical Research Foundation is headquartered in Lincoln, Nebraska and files with the IRS under EIN 200780043. It is classified under NTEE code T22.
How many years of IRS 990 filings does Otis Glebe Medical Research Foundation have?
Otis Glebe Medical Research 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 $850K in total revenue.
Why is the 'Latest Revenue' figure of $849,855 so different from the annual reported revenues?
The provided 'Latest Revenue' figure of $849,855 does not align with any single annual revenue reported in the IRS 990 filing history, which shows a maximum of $242,597 in 2021. This discrepancy requires clarification to understand the organization's true financial inflows.
What is the long-term plan to address the consistent decline in assets?
The foundation's assets have decreased from $1,625,960 in 2011 to $1,118,559 in 2023. With expenses frequently exceeding revenue, a clear strategy for asset preservation or growth is needed to ensure long-term sustainability.
What is the detailed breakdown of program, administrative, and fundraising expenses?
Without a detailed breakdown of expenses beyond total expenses, it's challenging to fully assess the organization's spending efficiency and how much directly supports its medical research mission.
Filing History
IRS 990 filing history for Otis Glebe Medical Research Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Otis Glebe Medical Research Foundation's revenue has declined by 49.9%, moving from $159K to $79K. Total assets decreased by 31.2% over the same period, from $1.6M to $1.1M. Total functional expenses rose by 2.8%, from $153K to $157K. In its most recent filing year (2023), Otis Glebe Medical Research Foundation reported a deficit of $78K, with expenses exceeding revenue. The organization holds $93 in liabilities against $1.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $79K | $157K | $1.1M | $93 | — | — |
| 2022 | $11K | $175K | $1.2M | $94 | — | — |
| 2021 | $243K | $175K | $1.4M | $367 | — | View 990 |
| 2020 | $210K | $148K | $1.3M | $8K | — | View 990 |
| 2019 | $137K | $145K | $1.2M | $1K | — | — |
| 2015 | $177K | $144K | $1.5M | $630 | — | View 990 |
| 2014 | $143K | $143K | $1.5M | $905 | — | View 990 |
| 2013 | $72K | $137K | $1.5M | $1K | — | View 990 |
| 2012 | $63K | $146K | $1.5M | $2K | — | View 990 |
| 2011 | $159K | $153K | $1.6M | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $79K, expenses of $157K, and assets of $1.1M (revenue +602.0% year-over-year).
- 2022: Revenue of $11K, expenses of $175K, and assets of $1.2M (revenue -95.3% year-over-year).
- 2021: Revenue of $243K, expenses of $175K, and assets of $1.4M (revenue +15.7% year-over-year).
- 2020: Revenue of $210K, expenses of $148K, and assets of $1.3M (revenue +53.2% year-over-year).
- 2019: Revenue of $137K, expenses of $145K, and assets of $1.2M (revenue -22.6% year-over-year).
- 2015: Revenue of $177K, expenses of $144K, and assets of $1.5M (revenue +23.7% year-over-year).
- 2014: Revenue of $143K, expenses of $143K, and assets of $1.5M (revenue +98.3% year-over-year).
- 2013: Revenue of $72K, expenses of $137K, and assets of $1.5M (revenue +13.9% year-over-year).
- 2012: Revenue of $63K, expenses of $146K, and assets of $1.5M (revenue -60.1% year-over-year).
- 2011: Revenue of $159K, expenses of $153K, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Otis Glebe Medical Research Foundation:
Data Sources and Methodology
This transparency report for Otis Glebe Medical Research 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.