Peter & Elizabeth C Tower Foundation Tr
Peter & Elizabeth C Tower Foundation maintains over $100M in assets with 0% reported officer compensation.
EIN: 166350753 · Getzville, NY · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $27.0M |
| Total Expenses | $11.5M |
| Program Spending | 95% |
| CEO/Top Officer Pay | $100 |
| Net Assets | $123.1M |
| Transparency Score | 90/100 |
Is Peter & Elizabeth C Tower Foundation Tr Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Peter & Elizabeth C Tower Foundation Tr directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Peter & Elizabeth C Tower Foundation Tr
Peter & Elizabeth C Tower Foundation Tr (EIN: 166350753) is a nonprofit organization based in Getzville, NY, classified under NTEE code T20. The organization reported total revenue of $27.0M and total assets of $121.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Peter & Elizabeth C Tower Foundation Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Peter & Elizabeth C Tower Foundation Tr is a large nonprofit that has been operating for 35 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.4M |
| Total Expenses | $11.5M |
| Surplus / Deficit | $-4,082,742 |
| Total Assets | $123.2M |
| Total Liabilities | $15K |
| Net Assets | $123.1M |
| Operating Margin | -54.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 128.4 months |
Financial Health Grade: B
In 2023, Peter & Elizabeth C Tower Foundation Tr reported a deficit of $4.1M with expenses exceeding revenue, holds 128.4 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), Peter & Elizabeth C Tower Foundation Tr's revenue has declined at a compound annual growth rate (CAGR) of -1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -60.9% | +5.1% | -3.2% |
| 2022 | +24.0% | -0.9% | +6.7% |
| 2021 | +327.2% | +14.2% | +3.6% |
| 2020 | -44.8% | +9.2% | -4.9% |
| 2019 | -37.6% | -26.4% | -13.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 Peter & Elizabeth C Tower Foundation Tr 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, Peter & Elizabeth C Tower Foundation Tr 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 deficit of $4.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The foundation consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization managing over $100 million in assets and disbursing millions in grants annually. This suggests either an entirely volunteer-led executive team or compensation structured in a way not reported as officer compensation on the 990, indicating extreme efficiency in this area.
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 Peter & Elizabeth C Tower Foundation Tr's IRS 990 filings:
- Consistent 0% officer compensation is highly unusual and warrants further inquiry into leadership compensation structure.
Strengths
The following positive indicators were identified for Peter & Elizabeth C Tower Foundation Tr:
- Strong asset base, consistently over $100 million in recent years, providing long-term stability.
- Exceptional efficiency in executive compensation, reporting 0% officer compensation.
- Consistent grantmaking activity, indicating a steady commitment to its mission.
- Long history of IRS 990 filings (10 filings), demonstrating transparency over time.
Frequently Asked Questions about Peter & Elizabeth C Tower Foundation Tr
Is Peter & Elizabeth C Tower Foundation Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Peter & Elizabeth C Tower Foundation Tr (EIN: 166350753) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Peter & Elizabeth C Tower Foundation Tr spend its money?
Peter & Elizabeth C Tower Foundation Tr directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Peter & Elizabeth C Tower Foundation Tr tax-deductible?
Peter & Elizabeth C Tower Foundation Tr is registered as a tax-exempt nonprofit (EIN: 166350753). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Peter & Elizabeth C Tower Foundation Tr CEO make?
Peter & Elizabeth C Tower Foundation Tr's highest-compensated officer earns $100 annually. The organization reported $27.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Peter & Elizabeth C Tower Foundation Tr compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Peter & Elizabeth C Tower Foundation Tr is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Peter & Elizabeth C Tower Foundation Tr located?
Peter & Elizabeth C Tower Foundation Tr is headquartered in Getzville, New York and files with the IRS under EIN 166350753. It is classified under NTEE code T20.
How many years of IRS 990 filings does Peter & Elizabeth C Tower Foundation Tr have?
Peter & Elizabeth C Tower Foundation Tr 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 $27.0M in total revenue.
How does the Peter & Elizabeth C Tower Foundation Tr manage to report 0% officer compensation consistently?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization of this size and asset base. It suggests either an entirely volunteer-led executive team, or that executive compensation is structured and reported under different expense categories, or paid by an affiliated entity. Further investigation into the foundation's governance and operational structure would be needed to fully understand this.
What is the primary use of the foundation's expenses, given its NTEE code T20?
As a foundation (NTEE T20), the primary use of its expenses would be for grants and contributions made to other organizations or individuals in line with its philanthropic mission. The 'program' spending for a foundation is essentially its grantmaking activities.
Why has the foundation's revenue fluctuated so significantly, such as $82,824,647 in 2014 versus $7,431,107 in 2023?
Revenue for foundations, especially those with large endowments, can fluctuate significantly due to investment performance (e.g., capital gains or losses from investments), large one-time contributions, or changes in market conditions affecting asset values. The $82 million revenue in 2014 likely reflects substantial investment gains or a significant one-time contribution.
Filing History
IRS 990 filing history for Peter & Elizabeth C Tower Foundation Tr showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Peter & Elizabeth C Tower Foundation Tr's revenue has declined by 11.2%, moving from $8.4M to $7.4M. Total assets increased by 78% over the same period, from $69.2M to $123.2M. Total functional expenses rose by 129.6%, from $5.0M to $11.5M. In its most recent filing year (2023), Peter & Elizabeth C Tower Foundation Tr reported a deficit of $4.1M, with expenses exceeding revenue. The organization holds $15K in liabilities against $123.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $123.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.4M | $11.5M | $123.2M | $15K | — | View 990 |
| 2022 | $19.0M | $10.9M | $127.2M | $18K | — | View 990 |
| 2021 | $15.3M | $11.0M | $119.2M | $12K | — | View 990 |
| 2020 | $3.6M | $9.7M | $115.1M | $160K | — | View 990 |
| 2019 | $6.5M | $8.9M | $121.0M | $15K | — | View 990 |
| 2015 | $10.4M | $12.0M | $140.4M | $11K | — | View 990 |
| 2014 | $82.8M | $8.5M | $142.0M | $10K | — | View 990 |
| 2013 | $5.8M | $6.9M | $67.7M | $11K | — | View 990 |
| 2012 | $4.5M | $4.9M | $68.8M | $4K | — | View 990 |
| 2011 | $8.4M | $5.0M | $69.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.4M, expenses of $11.5M, and assets of $123.2M (revenue -60.9% year-over-year).
- 2022: Revenue of $19.0M, expenses of $10.9M, and assets of $127.2M (revenue +24.0% year-over-year).
- 2021: Revenue of $15.3M, expenses of $11.0M, and assets of $119.2M (revenue +327.2% year-over-year).
- 2020: Revenue of $3.6M, expenses of $9.7M, and assets of $115.1M (revenue -44.8% year-over-year).
- 2019: Revenue of $6.5M, expenses of $8.9M, and assets of $121.0M (revenue -37.6% year-over-year).
- 2015: Revenue of $10.4M, expenses of $12.0M, and assets of $140.4M (revenue -87.4% year-over-year).
- 2014: Revenue of $82.8M, expenses of $8.5M, and assets of $142.0M (revenue +1329.2% year-over-year).
- 2013: Revenue of $5.8M, expenses of $6.9M, and assets of $67.7M (revenue +28.2% year-over-year).
- 2012: Revenue of $4.5M, expenses of $4.9M, and assets of $68.8M (revenue -46.0% year-over-year).
- 2011: Revenue of $8.4M, expenses of $5.0M, and assets of $69.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Peter & Elizabeth C Tower Foundation Tr:
Data Sources and Methodology
This transparency report for Peter & Elizabeth C Tower Foundation Tr 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.