The Frank And Pearl E Gelbman Charitable Trust
Gelbman Charitable Trust consistently disburses funds with no officer compensation, maintaining strong asset base despite fluctuating annual revenues.
EIN: 206609204 · Columbus, OH · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.8M |
| Total Expenses | $931K |
| Program Spending | 95% |
| CEO/Top Officer Pay | $9.8 |
| Net Assets | $9.8M |
| Transparency Score | 90/100 |
Is The Frank And Pearl E Gelbman Charitable Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Frank And Pearl E Gelbman Charitable Trust directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Frank And Pearl E Gelbman Charitable Trust
The Frank And Pearl E Gelbman Charitable Trust (EIN: 206609204) is a nonprofit organization based in Columbus, OH, classified under NTEE code T22. The organization reported total revenue of $6.8M and total assets of $10.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Frank And Pearl E Gelbman Charitable Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Frank And Pearl E Gelbman Charitable Trust is a mid-size nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $351K |
| Total Expenses | $931K |
| Surplus / Deficit | $-580,080 |
| Total Assets | $9.8M |
| Total Liabilities | $1 |
| Net Assets | $9.8M |
| Operating Margin | -165.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 126.3 months |
Financial Health Grade: B
In 2023, The Frank And Pearl E Gelbman Charitable Trust reported a deficit of $580K with expenses exceeding revenue, holds 126.3 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), The Frank And Pearl E Gelbman Charitable Trust's revenue has grown at a compound annual growth rate (CAGR) of 0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -75.3% | +56.6% | -5.5% |
| 2022 | -24.9% | -12.1% | +9.1% |
| 2021 | +134.2% | +33.6% | +14.1% |
| 2020 | +6.1% | -3.5% | +4.0% |
| 2019 | +39.6% | -0.7% | +2.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 The Frank And Pearl E Gelbman Charitable Trust 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, The Frank And Pearl E Gelbman Charitable Trust 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 $580K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that no salaries are paid to executives, which is highly efficient for a charitable trust of its size ($9.8 million in assets).
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 The Frank And Pearl E Gelbman Charitable Trust's IRS 990 filings:
- Expenses exceeded revenue in the latest filing (2023), though this is common for grantmaking trusts drawing from assets.
Strengths
The following positive indicators were identified for The Frank And Pearl E Gelbman Charitable Trust:
- Zero officer compensation reported across all filings, indicating high efficiency.
- Consistent growth in assets over the past decade, from $7.5 million in 2011 to $9.8 million in 2023.
- Minimal liabilities ($0 or $1) across all filings, demonstrating strong financial health.
- Clear focus on program spending (grantmaking) due to the nature of a private charitable trust.
- Long history of consistent filing (10 filings), indicating transparency and compliance.
Frequently Asked Questions about The Frank And Pearl E Gelbman Charitable Trust
Is The Frank And Pearl E Gelbman Charitable Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, The Frank And Pearl E Gelbman Charitable Trust (EIN: 206609204) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does The Frank And Pearl E Gelbman Charitable Trust spend its money?
The Frank And Pearl E Gelbman Charitable Trust directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Frank And Pearl E Gelbman Charitable Trust tax-deductible?
The Frank And Pearl E Gelbman Charitable Trust is registered as a tax-exempt nonprofit (EIN: 206609204). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Frank And Pearl E Gelbman Charitable Trust CEO make?
The Frank And Pearl E Gelbman Charitable Trust's highest-compensated officer earns $9.8 annually. The organization reported $6.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does The Frank And Pearl E Gelbman Charitable Trust compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), The Frank And Pearl E Gelbman Charitable Trust 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 The Frank And Pearl E Gelbman Charitable Trust located?
The Frank And Pearl E Gelbman Charitable Trust is headquartered in Columbus, Ohio and files with the IRS under EIN 206609204. It is classified under NTEE code T22.
How many years of IRS 990 filings does The Frank And Pearl E Gelbman Charitable Trust have?
The Frank And Pearl E Gelbman Charitable Trust 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 $6.8M in total revenue.
Is The Frank And Pearl E Gelbman Charitable Trust a good charity?
Yes, based on the available data, it appears to be a very good charity. It consistently directs 100% of its officer compensation towards its mission, maintains a healthy asset base, and has minimal liabilities.
How does the trust manage its expenses when revenue fluctuates significantly?
The trust appears to manage expense fluctuations by drawing from its substantial asset base. For example, in 2023, expenses ($931,090) significantly exceeded revenue ($351,010), likely covered by its $9.8 million in assets or prior years' higher revenues.
What is the primary focus of The Frank And Pearl E Gelbman Charitable Trust's spending?
As a private grantmaking foundation (NTEE T22), its primary focus is on making grants to other organizations or individuals to further charitable causes. The absence of officer compensation and low liabilities suggest nearly all operational expenses are directly tied to grant administration and disbursement.
Filing History
IRS 990 filing history for The Frank And Pearl E Gelbman Charitable Trust showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Frank And Pearl E Gelbman Charitable Trust's revenue has grown by 2.1%, moving from $344K to $351K. Total assets increased by 29.6% over the same period, from $7.6M to $9.8M. Total functional expenses rose by 75.1%, from $532K to $931K. In its most recent filing year (2023), The Frank And Pearl E Gelbman Charitable Trust reported a deficit of $580K, with expenses exceeding revenue. The organization holds $1 in liabilities against $9.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $9.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $351K | $931K | $9.8M | $1 | — | View 990 |
| 2022 | $1.4M | $595K | $10.4M | $1 | — | View 990 |
| 2021 | $1.9M | $676K | $9.5M | $1 | — | — |
| 2020 | $808K | $506K | $8.3M | $1 | — | View 990 |
| 2019 | $761K | $525K | $8.0M | $0 | — | View 990 |
| 2015 | $546K | $529K | $7.8M | $0 | — | View 990 |
| 2014 | $825K | $508K | $7.8M | $0 | — | View 990 |
| 2013 | $500K | $508K | $7.5M | $0 | — | View 990 |
| 2012 | $441K | $549K | $7.5M | $0 | — | View 990 |
| 2011 | $344K | $532K | $7.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $351K, expenses of $931K, and assets of $9.8M (revenue -75.3% year-over-year).
- 2022: Revenue of $1.4M, expenses of $595K, and assets of $10.4M (revenue -24.9% year-over-year).
- 2021: Revenue of $1.9M, expenses of $676K, and assets of $9.5M (revenue +134.2% year-over-year).
- 2020: Revenue of $808K, expenses of $506K, and assets of $8.3M (revenue +6.1% year-over-year).
- 2019: Revenue of $761K, expenses of $525K, and assets of $8.0M (revenue +39.6% year-over-year).
- 2015: Revenue of $546K, expenses of $529K, and assets of $7.8M (revenue -33.9% year-over-year).
- 2014: Revenue of $825K, expenses of $508K, and assets of $7.8M (revenue +64.9% year-over-year).
- 2013: Revenue of $500K, expenses of $508K, and assets of $7.5M (revenue +13.5% year-over-year).
- 2012: Revenue of $441K, expenses of $549K, and assets of $7.5M (revenue +28.2% year-over-year).
- 2011: Revenue of $344K, expenses of $532K, and assets of $7.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Frank And Pearl E Gelbman Charitable Trust:
Data Sources and Methodology
This transparency report for The Frank And Pearl E Gelbman Charitable Trust 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.