Stephen M Gorn Family Foundationinc
Stephen M Gorn Family Foundationinc shows fluctuating revenue and expenses, with consistent zero officer compensation.
EIN: 208022777 · Baltimore, MD · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $226K |
| Total Expenses | $381K |
| Program Spending | 80% |
| Net Assets | $19K |
| Transparency Score | 75/100 |
Is Stephen M Gorn Family Foundationinc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Stephen M Gorn Family Foundationinc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Stephen M Gorn Family Foundationinc
Stephen M Gorn Family Foundationinc (EIN: 208022777) is a nonprofit organization based in Baltimore, MD, classified under NTEE code T20. The organization reported total revenue of $226K and total assets of $10K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Stephen M Gorn Family Foundationinc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Stephen M Gorn Family Foundationinc is a small 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 0.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $381K |
| Total Expenses | $381K |
| Surplus / Deficit | $-351 |
| Total Assets | $19K |
| Total Liabilities | $1 |
| Net Assets | $19K |
| Operating Margin | -0.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 0.6 months |
Financial Health Grade: C
In 2023, Stephen M Gorn Family Foundationinc reported a deficit of $351 with expenses exceeding revenue, holds 0.6 months of operating reserves (limited), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Stephen M Gorn Family Foundationinc's revenue has grown at a compound annual growth rate (CAGR) of 0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +744.0% | +974.5% | -1.8% |
| 2022 | +0.3% | -31.1% | +97.5% |
| 2021 | +124.9% | +93.2% | -39.7% |
| 2020 | -91.3% | -88.0% | -28.8% |
| 2019 | +74.2% | +18.5% | -15.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 Stephen M Gorn Family Foundationinc 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, Stephen M Gorn Family Foundationinc 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 $351, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, which is highly favorable for donor perception and resource allocation.
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 Stephen M Gorn Family Foundationinc's IRS 990 filings:
- Declining asset base over time, from $83,239 in 2014 to $19,198 in 2023.
- Significant expense exceeding revenue in some periods, notably 2011 ($1,132,879 expenses vs. $352,127 revenue).
Strengths
The following positive indicators were identified for Stephen M Gorn Family Foundationinc:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds for leadership.
- Minimal liabilities reported across recent filings ($1 in 2023, 2022, 2021, 2020).
- Revenue generally covers expenses in recent years, indicating short-term operational stability.
Frequently Asked Questions about Stephen M Gorn Family Foundationinc
Is Stephen M Gorn Family Foundationinc a legitimate charity?
Stephen M Gorn Family Foundationinc (EIN: 208022777) is a registered tax-exempt nonprofit based in Maryland. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $226K. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does Stephen M Gorn Family Foundationinc spend its money?
Stephen M Gorn Family Foundationinc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Stephen M Gorn Family Foundationinc tax-deductible?
Stephen M Gorn Family Foundationinc is registered as a tax-exempt nonprofit (EIN: 208022777). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Stephen M Gorn Family Foundationinc's spending goes to programs?
Stephen M Gorn Family Foundationinc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Stephen M Gorn Family Foundationinc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Stephen M Gorn Family Foundationinc 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 Stephen M Gorn Family Foundationinc located?
Stephen M Gorn Family Foundationinc is headquartered in Baltimore, Maryland and files with the IRS under EIN 208022777. It is classified under NTEE code T20.
How many years of IRS 990 filings does Stephen M Gorn Family Foundationinc have?
Stephen M Gorn Family Foundationinc 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 $226K in total revenue.
Is Stephen M Gorn Family Foundationinc a good charity?
The foundation demonstrates a commitment to its mission by not paying officer compensation, which is a strong positive. However, without detailed expense breakdowns beyond total expenses, it's difficult to fully assess program efficiency. Its financial stability appears to be maintained year-to-year, but with a declining asset base.
What is the trend in the foundation's assets?
The foundation's assets have generally declined over its filing history, from a high of $83,239 in 2014 to $19,198 in 2023, suggesting it operates with limited reserves.
How does the foundation manage executive compensation?
The foundation consistently reports 0% officer compensation, indicating that its leadership serves without direct financial compensation from the organization.
Filing History
IRS 990 filing history for Stephen M Gorn Family Foundationinc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Stephen M Gorn Family Foundationinc's revenue has grown by 8.2%, moving from $352K to $381K. Total assets decreased by 76.7% over the same period, from $82K to $19K. Total functional expenses fell by 66.3%, from $1.1M to $381K. In its most recent filing year (2023), Stephen M Gorn Family Foundationinc reported a deficit of $351, with expenses exceeding revenue. The organization holds $1 in liabilities against $19K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $19K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $381K | $381K | $19K | $1 | — | View 990 |
| 2022 | $45K | $35K | $20K | $1 | — | View 990 |
| 2021 | $45K | $52K | $10K | $1 | — | View 990 |
| 2020 | $20K | $27K | $16K | $1 | — | — |
| 2019 | $230K | $223K | $23K | $0 | — | View 990 |
| 2015 | $132K | $188K | $27K | $0 | — | View 990 |
| 2014 | $365K | $343K | $83K | $0 | — | View 990 |
| 2013 | $750K | $733K | $62K | $0 | — | View 990 |
| 2012 | $225K | $263K | $44K | $0 | — | View 990 |
| 2011 | $352K | $1.1M | $82K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $381K, expenses of $381K, and assets of $19K (revenue +744.0% year-over-year).
- 2022: Revenue of $45K, expenses of $35K, and assets of $20K (revenue +0.3% year-over-year).
- 2021: Revenue of $45K, expenses of $52K, and assets of $10K (revenue +124.9% year-over-year).
- 2020: Revenue of $20K, expenses of $27K, and assets of $16K (revenue -91.3% year-over-year).
- 2019: Revenue of $230K, expenses of $223K, and assets of $23K (revenue +74.2% year-over-year).
- 2015: Revenue of $132K, expenses of $188K, and assets of $27K (revenue -63.8% year-over-year).
- 2014: Revenue of $365K, expenses of $343K, and assets of $83K (revenue -51.3% year-over-year).
- 2013: Revenue of $750K, expenses of $733K, and assets of $62K (revenue +233.1% year-over-year).
- 2012: Revenue of $225K, expenses of $263K, and assets of $44K (revenue -36.0% year-over-year).
- 2011: Revenue of $352K, expenses of $1.1M, and assets of $82K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Stephen M Gorn Family Foundationinc:
Data Sources and Methodology
This transparency report for Stephen M Gorn Family Foundationinc 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.