Rita And Leo Greenland Family Foundation
Rita And Leo Greenland Family Foundation maintains stable assets with fluctuating revenue and no reported officer compensation.
EIN: 137196982 · Norwalk, CT · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.0M |
| Total Expenses | $101K |
| Program Spending | 90% |
| Net Assets | $1.6M |
| Transparency Score | 85/100 |
Is Rita And Leo Greenland Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rita And Leo Greenland Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rita And Leo Greenland Family Foundation
Rita And Leo Greenland Family Foundation (EIN: 137196982) is a nonprofit organization based in Norwalk, CT, classified under NTEE code T22. The organization reported total revenue of $1.0M and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rita And Leo Greenland Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rita And Leo Greenland Family Foundation is a mid-size nonprofit that has been operating for 26 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -19.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $137K |
| Total Expenses | $101K |
| Surplus / Deficit | +$36K |
| Total Assets | $1.6M |
| Total Liabilities | $1 |
| Net Assets | $1.6M |
| Operating Margin | 26.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 185.3 months |
Financial Health Grade: A
In 2023, Rita And Leo Greenland Family Foundation reported a surplus of $36K with revenue exceeding expenses, holds 185.3 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), Rita And Leo Greenland Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -19.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +97.0% | -17.0% | +2.4% |
| 2022 | -52.7% | +1.3% | -3.3% |
| 2021 | +321.5% | +10.5% | +1.7% |
| 2020 | -55.0% | +5.9% | -4.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
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 Rita And Leo Greenland Family Foundation with a Mission Score of 85 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, Rita And Leo Greenland Family Foundation 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 $36K, 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 officers or key employees do not receive salaries from the foundation, which is common for smaller private foundations or those run by volunteers.
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 Rita And Leo Greenland Family Foundation's IRS 990 filings:
- Significant revenue fluctuations year-over-year, making financial forecasting challenging.
- Lack of detailed expense breakdown in provided data, limiting analysis of program vs. administrative spending.
Strengths
The following positive indicators were identified for Rita And Leo Greenland Family Foundation:
- Consistent asset base, indicating financial stability over time.
- No reported officer compensation, suggesting low administrative overhead related to salaries.
- Long and consistent IRS 990 filing history, demonstrating regulatory compliance.
- Low liabilities across all reported periods, indicating a healthy balance sheet.
Frequently Asked Questions about Rita And Leo Greenland Family Foundation
Is Rita And Leo Greenland Family Foundation a legitimate charity?
Rita And Leo Greenland Family Foundation (EIN: 137196982) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.0M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Rita And Leo Greenland Family Foundation spend its money?
Rita And Leo Greenland Family Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Rita And Leo Greenland Family Foundation tax-deductible?
Rita And Leo Greenland Family Foundation is registered as a tax-exempt nonprofit (EIN: 137196982). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Rita And Leo Greenland Family Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Rita And Leo Greenland Family Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Rita And Leo Greenland Family Foundation located?
Rita And Leo Greenland Family Foundation is headquartered in Norwalk, Connecticut and files with the IRS under EIN 137196982. It is classified under NTEE code T22.
How many years of IRS 990 filings does Rita And Leo Greenland Family Foundation have?
Rita And Leo Greenland Family 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 $1.0M in total revenue.
What are the specific grantmaking activities or program areas of the foundation?
The provided IRS 990 data does not detail the specific grant recipients or program areas. As a private grantmaking foundation (NTEE T22), its mission is typically fulfilled through grants to other organizations.
What constitutes the 'Expenses' reported in the filings, given the lack of officer compensation?
Without a detailed breakdown, 'Expenses' likely include administrative costs such as legal and accounting fees, investment management fees, and potentially grants paid out, which are considered program expenses for a grantmaking foundation.
Why was there negative revenue reported in 2015?
Negative revenue can occur due to investment losses, returns of contributions, or other financial adjustments. The specific reason would require a deeper dive into the 2015 IRS 990 filing's revenue section.
Filing History
IRS 990 filing history for Rita And Leo Greenland Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Rita And Leo Greenland Family Foundation's revenue has declined by 92.1%, moving from $1.7M to $137K. Total assets decreased by 14.8% over the same period, from $1.8M to $1.6M. Total functional expenses rose by 1406%, from $7K to $101K. In its most recent filing year (2023), Rita And Leo Greenland Family Foundation reported a surplus of $36K, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $137K | $101K | $1.6M | $1 | — | View 990 |
| 2022 | $69K | $122K | $1.5M | $1 | — | View 990 |
| 2021 | $147K | $120K | $1.6M | $1 | — | — |
| 2020 | $35K | $109K | $1.5M | $1 | — | — |
| 2019 | $77K | $103K | $1.6M | $1 | — | View 990 |
| 2015 | $-16,039 | $76K | $1.9M | $1 | — | View 990 |
| 2014 | $163K | $46K | $2.0M | $0 | — | View 990 |
| 2013 | $46K | $40K | $1.9M | $0 | — | View 990 |
| 2012 | $81K | $35K | $1.9M | $0 | — | View 990 |
| 2011 | $1.7M | $7K | $1.8M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $137K, expenses of $101K, and assets of $1.6M (revenue +97.0% year-over-year).
- 2022: Revenue of $69K, expenses of $122K, and assets of $1.5M (revenue -52.7% year-over-year).
- 2021: Revenue of $147K, expenses of $120K, and assets of $1.6M (revenue +321.5% year-over-year).
- 2020: Revenue of $35K, expenses of $109K, and assets of $1.5M (revenue -55.0% year-over-year).
- 2019: Revenue of $77K, expenses of $103K, and assets of $1.6M.
- 2015: Revenue of $-16,039, expenses of $76K, and assets of $1.9M (revenue -109.8% year-over-year).
- 2014: Revenue of $163K, expenses of $46K, and assets of $2.0M (revenue +252.8% year-over-year).
- 2013: Revenue of $46K, expenses of $40K, and assets of $1.9M (revenue -42.8% year-over-year).
- 2012: Revenue of $81K, expenses of $35K, and assets of $1.9M (revenue -95.3% year-over-year).
- 2011: Revenue of $1.7M, expenses of $7K, and assets of $1.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rita And Leo Greenland Family Foundation:
Data Sources and Methodology
This transparency report for Rita And Leo Greenland Family 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.