Russell & Ronalee Galbut Familyfoundation
Russell & Ronalee Galbut Familyfoundation shows consistent growth and no executive compensation.
EIN: 205918650 · Miami, FL · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $1.1M |
| Program Spending | 90% |
| Net Assets | $2.8M |
| Transparency Score | 90/100 |
Is Russell & Ronalee Galbut Familyfoundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Russell & Ronalee Galbut Familyfoundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Russell & Ronalee Galbut Familyfoundation
Russell & Ronalee Galbut Familyfoundation (EIN: 205918650) is a nonprofit organization based in Miami, FL, classified under NTEE code T20. The organization reported total revenue of $1.9M and total assets of $3.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Russell & Ronalee Galbut Familyfoundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Russell & Ronalee Galbut Familyfoundation is a mid-size nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.1M |
| Surplus / Deficit | +$398K |
| Total Assets | $2.8M |
| Total Liabilities | $1 |
| Net Assets | $2.8M |
| Operating Margin | 27.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 31.9 months |
Financial Health Grade: A
In 2023, Russell & Ronalee Galbut Familyfoundation reported a surplus of $398K with revenue exceeding expenses, holds 31.9 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), Russell & Ronalee Galbut Familyfoundation's revenue has grown at a compound annual growth rate (CAGR) of 7.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +22.0% | +88.8% | +16.4% |
| 2022 | +19.8% | +24.4% | +35.3% |
| 2021 | +20.0% | +19.8% | +43.7% |
| 2020 | +10.5% | -37.5% | +62.2% |
| 2019 | +125.3% | +10.1% | +122.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Russell & Ronalee Galbut Familyfoundation 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Russell & Ronalee Galbut Familyfoundation 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 $398K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership serves on a voluntary basis, which is a strong positive for minimizing administrative costs.
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 Russell & Ronalee Galbut Familyfoundation's IRS 990 filings:
- Lack of detailed program spending breakdown in provided data
Strengths
The following positive indicators were identified for Russell & Ronalee Galbut Familyfoundation:
- Consistent revenue growth (e.g., $652,370 in 2011 to $1,463,426 in 2023)
- Significant asset accumulation (e.g., $498,482 in 2011 to $2,833,710 in 2023)
- Zero officer compensation reported across all filings
- Low liabilities ($1 in recent years)
- Expenses consistently below revenue, indicating sound financial management
Frequently Asked Questions about Russell & Ronalee Galbut Familyfoundation
Is Russell & Ronalee Galbut Familyfoundation a legitimate charity?
Russell & Ronalee Galbut Familyfoundation (EIN: 205918650) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 90/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.9M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Russell & Ronalee Galbut Familyfoundation spend its money?
Russell & Ronalee Galbut Familyfoundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Russell & Ronalee Galbut Familyfoundation tax-deductible?
Russell & Ronalee Galbut Familyfoundation is registered as a tax-exempt nonprofit (EIN: 205918650). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Russell & Ronalee Galbut Familyfoundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Russell & Ronalee Galbut Familyfoundation 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 Russell & Ronalee Galbut Familyfoundation located?
Russell & Ronalee Galbut Familyfoundation is headquartered in Miami, Florida and files with the IRS under EIN 205918650. It is classified under NTEE code T20.
How many years of IRS 990 filings does Russell & Ronalee Galbut Familyfoundation have?
Russell & Ronalee Galbut Familyfoundation 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 $1.9M in total revenue.
Is Russell & Ronalee Galbut Familyfoundation a good charity?
Based on the provided financial data, the foundation appears to be a well-managed and financially healthy organization. It demonstrates consistent growth, maintains low liabilities, and reports no executive compensation, which are all positive indicators.
How has the foundation's financial health changed over time?
The foundation has shown significant financial growth, with revenue increasing from $652,370 in 2011 to $1,463,426 in 2023, and assets growing from $498,482 to $2,833,710 over the same period, indicating strong and sustained financial health.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, suggesting that its leadership is entirely volunteer-based, which is a highly efficient model for a nonprofit.
Filing History
IRS 990 filing history for Russell & Ronalee Galbut Familyfoundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Russell & Ronalee Galbut Familyfoundation's revenue has grown by 124.3%, moving from $652K to $1.5M. Total assets increased by 468.5% over the same period, from $498K to $2.8M. Total functional expenses rose by 199.1%, from $356K to $1.1M. In its most recent filing year (2023), Russell & Ronalee Galbut Familyfoundation reported a surplus of $398K, with revenue exceeding expenses. The organization holds $1 in liabilities against $2.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.1M | $2.8M | $1 | — | — |
| 2022 | $1.2M | $564K | $2.4M | $1 | — | View 990 |
| 2021 | $1.0M | $453K | $1.8M | $1 | — | View 990 |
| 2020 | $834K | $379K | $1.3M | $1 | — | View 990 |
| 2019 | $755K | $606K | $772K | $1 | — | View 990 |
| 2015 | $335K | $550K | $346K | $1 | — | View 990 |
| 2014 | $590K | $243K | $561K | $1 | — | View 990 |
| 2013 | $283K | $474K | $214K | $1 | — | View 990 |
| 2012 | $194K | $287K | $406K | $0 | — | View 990 |
| 2011 | $652K | $356K | $498K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.1M, and assets of $2.8M (revenue +22.0% year-over-year).
- 2022: Revenue of $1.2M, expenses of $564K, and assets of $2.4M (revenue +19.8% year-over-year).
- 2021: Revenue of $1.0M, expenses of $453K, and assets of $1.8M (revenue +20.0% year-over-year).
- 2020: Revenue of $834K, expenses of $379K, and assets of $1.3M (revenue +10.5% year-over-year).
- 2019: Revenue of $755K, expenses of $606K, and assets of $772K (revenue +125.3% year-over-year).
- 2015: Revenue of $335K, expenses of $550K, and assets of $346K (revenue -43.2% year-over-year).
- 2014: Revenue of $590K, expenses of $243K, and assets of $561K (revenue +108.7% year-over-year).
- 2013: Revenue of $283K, expenses of $474K, and assets of $214K (revenue +45.7% year-over-year).
- 2012: Revenue of $194K, expenses of $287K, and assets of $406K (revenue -70.2% year-over-year).
- 2011: Revenue of $652K, expenses of $356K, and assets of $498K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Russell & Ronalee Galbut Familyfoundation:
Data Sources and Methodology
This transparency report for Russell & Ronalee Galbut Familyfoundation 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.