Regina Goldwasser Foundation
Regina Goldwasser Foundation shows volatile revenue and expenses, with a deficit in 2023, but maintains minimal liabilities and zero officer compensation.
EIN: 132926389 · Lakewood, NJ · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $250K |
| Total Expenses | $272K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $249,588 |
| Net Assets | $868K |
| Transparency Score | 75/100 |
Is Regina Goldwasser Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Regina Goldwasser Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Regina Goldwasser Foundation
Regina Goldwasser Foundation (EIN: 132926389) is a nonprofit organization based in Lakewood, NJ, classified under NTEE code T20. The organization reported total revenue of $250K and total assets of $840K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Regina Goldwasser Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Regina Goldwasser Foundation is a small nonprofit that has been operating for 14 years, with 12 years of IRS 990 filings on record (2009–2023). Revenue has grown at a compound annual rate of 5.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $211K |
| Total Expenses | $272K |
| Surplus / Deficit | $-60,638 |
| Total Assets | $868K |
| Total Liabilities | $1 |
| Net Assets | $868K |
| Operating Margin | -28.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 38.3 months |
Financial Health Grade: B
In 2023, Regina Goldwasser Foundation reported a deficit of $61K with expenses exceeding revenue, holds 38.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 12 years of filings (2009–2023), Regina Goldwasser Foundation's revenue has grown at a compound annual growth rate (CAGR) of 5.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -56.0% | +63.1% | -6.5% |
| 2022 | +120.7% | -8.0% | +50.9% |
| 2021 | -71.1% | -35.3% | +6.3% |
| 2020 | +231.9% | +43.9% | +445.8% |
| 2019 | +43.4% | +48.7% | +171.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
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 Regina Goldwasser 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, Regina Goldwasser 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 deficit of $61K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is either unpaid or compensated through other means not categorized as officer compensation, which is highly favorable for a nonprofit of its size (latest revenue $249,588).
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 Regina Goldwasser Foundation's IRS 990 filings:
- Significant revenue and expense volatility year-over-year, making financial planning and sustainability uncertain.
- Expenses ($271,772) exceeded revenue ($211,134) in the latest 2023 filing, indicating a deficit for that period.
- Lack of detailed spending breakdown (program, admin, fundraising) in the provided data makes a full efficiency assessment difficult.
Strengths
The following positive indicators were identified for Regina Goldwasser Foundation:
- Consistent reporting of 0% officer compensation across all filings, indicating low administrative overhead at the executive level.
- Minimal liabilities reported consistently ($0 or $1), demonstrating strong financial solvency and low debt.
- Significant growth in assets over the past decade, from $42,807 in 2011 to $839,775 currently.
- Long history of IRS 990 filings (12 filings), indicating a commitment to transparency and compliance.
Frequently Asked Questions about Regina Goldwasser Foundation
Is Regina Goldwasser Foundation a legitimate charity?
Regina Goldwasser Foundation (EIN: 132926389) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 12 years of IRS 990 filings on record. Total revenue: $250K. 3 red flags identified. 4 strengths noted. Financial health grade: B.
How does Regina Goldwasser Foundation spend its money?
Regina Goldwasser Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Regina Goldwasser Foundation tax-deductible?
Regina Goldwasser Foundation is registered as a tax-exempt nonprofit (EIN: 132926389). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Regina Goldwasser Foundation CEO make?
Regina Goldwasser Foundation's highest-compensated officer earns $249,588 annually. The organization reported $250K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Regina Goldwasser Foundation's spending goes to programs?
Regina Goldwasser Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Regina Goldwasser Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Regina Goldwasser Foundation 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 Regina Goldwasser Foundation located?
Regina Goldwasser Foundation is headquartered in Lakewood, New Jersey and files with the IRS under EIN 132926389. It is classified under NTEE code T20.
How many years of IRS 990 filings does Regina Goldwasser Foundation have?
Regina Goldwasser Foundation has 12 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 $250K in total revenue.
Is Regina Goldwasser Foundation a good charity?
The foundation exhibits strengths such as zero officer compensation and minimal liabilities, suggesting efficient use of funds at the top and strong financial solvency. However, the significant volatility in revenue and expenses, including a deficit in 2023 where expenses ($271,772) exceeded revenue ($211,134), raises questions about financial stability and consistent program delivery. A more detailed breakdown of program spending would be needed for a definitive assessment of its charitable effectiveness.
How has the foundation's financial health changed over time?
The foundation has experienced substantial asset growth, from $42,807 in 2011 to $839,775 currently. However, its annual revenue and expenses have been highly inconsistent, with large swings year-to-year (e.g., revenue from $217,403 in 2021 to $479,754 in 2022, then down to $211,134 in 2023). This indicates a fluctuating financial landscape rather than steady growth.
What is the organization's approach to executive compensation?
The Regina Goldwasser Foundation consistently reports 0% for officer compensation in all available IRS 990 filings. This suggests a highly volunteer-driven or very lean executive structure, which is a positive sign for donors concerned about administrative overhead.
Filing History
IRS 990 filing history for Regina Goldwasser Foundation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2009–2023), Regina Goldwasser Foundation's revenue has grown by 100.9%, moving from $105K to $211K. Total assets increased by 343.4% over the same period, from $196K to $868K. Total functional expenses rose by 128.3%, from $119K to $272K. In its most recent filing year (2023), Regina Goldwasser Foundation reported a deficit of $61K, with expenses exceeding revenue. The organization holds $1 in liabilities against $868K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $868K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $211K | $272K | $868K | $1 | — | — |
| 2022 | $480K | $167K | $929K | $1 | — | View 990 |
| 2021 | $217K | $181K | $616K | $1 | — | View 990 |
| 2020 | $753K | $280K | $579K | $1 | — | View 990 |
| 2019 | $227K | $194K | $106K | $1 | — | — |
| 2015 | $158K | $131K | $39K | $1 | — | View 990 |
| 2014 | $107K | $114K | $12K | $1 | — | View 990 |
| 2013 | $89K | $105K | $19K | $1 | — | View 990 |
| 2012 | $50K | $58K | $34K | $0 | — | View 990 |
| 2011 | $3K | $82K | $43K | $1 | — | View 990 |
| 2010 | $20K | $94K | $122K | $0 | — | — |
| 2009 | $105K | $119K | $196K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $211K, expenses of $272K, and assets of $868K (revenue -56.0% year-over-year).
- 2022: Revenue of $480K, expenses of $167K, and assets of $929K (revenue +120.7% year-over-year).
- 2021: Revenue of $217K, expenses of $181K, and assets of $616K (revenue -71.1% year-over-year).
- 2020: Revenue of $753K, expenses of $280K, and assets of $579K (revenue +231.9% year-over-year).
- 2019: Revenue of $227K, expenses of $194K, and assets of $106K (revenue +43.4% year-over-year).
- 2015: Revenue of $158K, expenses of $131K, and assets of $39K (revenue +48.4% year-over-year).
- 2014: Revenue of $107K, expenses of $114K, and assets of $12K (revenue +19.4% year-over-year).
- 2013: Revenue of $89K, expenses of $105K, and assets of $19K (revenue +78.3% year-over-year).
- 2012: Revenue of $50K, expenses of $58K, and assets of $34K (revenue +1505.0% year-over-year).
- 2011: Revenue of $3K, expenses of $82K, and assets of $43K (revenue -84.7% year-over-year).
- 2010: Revenue of $20K, expenses of $94K, and assets of $122K (revenue -80.6% year-over-year).
- 2009: Revenue of $105K, expenses of $119K, and assets of $196K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Regina Goldwasser Foundation:
Data Sources and Methodology
This transparency report for Regina Goldwasser 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.