The Neil And Ginny Gerald Charitable Family Foundation
Neil And Ginny Gerald Charitable Family Foundation shows strong asset growth and no officer compensation.
EIN: 20762172 · North Aurora, IL · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $554K |
| Total Expenses | $332K |
| Program Spending | 90% |
| Net Assets | $878K |
| Transparency Score | 92/100 |
Is The Neil And Ginny Gerald Charitable Family Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Neil And Ginny Gerald Charitable Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Neil And Ginny Gerald Charitable Family Foundation
The Neil And Ginny Gerald Charitable Family Foundation (EIN: 20762172) is a nonprofit organization based in North Aurora, IL, classified under NTEE code T20. The organization reported total revenue of $554K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Neil And Ginny Gerald Charitable Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Neil And Ginny Gerald Charitable Family Foundation is a small 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 43.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $514K |
| Total Expenses | $332K |
| Surplus / Deficit | +$182K |
| Total Assets | $878K |
| Total Liabilities | $1 |
| Net Assets | $878K |
| Operating Margin | 35.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 31.7 months |
Financial Health Grade: A
In 2023, The Neil And Ginny Gerald Charitable Family Foundation reported a surplus of $182K with revenue exceeding expenses, holds 31.7 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 Neil And Ginny Gerald Charitable Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 43.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +377.3% | +123.9% | +26.0% |
| 2022 | -71.6% | +10.4% | -5.5% |
| 2021 | +69.6% | +154.3% | +47.9% |
| 2020 | +118.7% | +365.5% | +52.2% |
| 2019 | +1188.7% | +29.0% | +272.7% |
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 Neil And Ginny Gerald Charitable Family Foundation with a Mission Score of 92 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, The Neil And Ginny Gerald Charitable Family Foundation allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. 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 $182K, 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 the foundation's leadership serves without direct salary from the organization, which is highly commendable for efficiency.
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.
Strengths
The following positive indicators were identified for The Neil And Ginny Gerald Charitable Family Foundation:
- Consistent asset growth, from $69,214 in 2011 to $1,071,717 currently, indicating strong financial stewardship.
- Zero officer compensation reported across all filings, demonstrating high efficiency and dedication.
- Minimal liabilities ($1 in recent years), indicating strong financial health and low debt.
- Strong program spending focus, typical for a private foundation, with funds directed towards charitable purposes.
- Positive net revenue in most years, allowing for reinvestment and growth of the endowment.
Frequently Asked Questions about The Neil And Ginny Gerald Charitable Family Foundation
Is The Neil And Ginny Gerald Charitable Family Foundation a legitimate charity?
The Neil And Ginny Gerald Charitable Family Foundation (EIN: 20762172) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 92/100. It has 10 years of IRS 990 filings on record. Total revenue: $554K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does The Neil And Ginny Gerald Charitable Family Foundation spend its money?
The Neil And Ginny Gerald Charitable Family Foundation directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to The Neil And Ginny Gerald Charitable Family Foundation tax-deductible?
The Neil And Ginny Gerald Charitable Family Foundation is registered as a tax-exempt nonprofit (EIN: 20762172). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Neil And Ginny Gerald Charitable Family Foundation's spending goes to programs?
The Neil And Ginny Gerald Charitable Family Foundation directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Neil And Ginny Gerald Charitable Family Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), The Neil And Ginny Gerald Charitable Family 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 The Neil And Ginny Gerald Charitable Family Foundation located?
The Neil And Ginny Gerald Charitable Family Foundation is headquartered in North Aurora, Illinois and files with the IRS under EIN 20762172. It is classified under NTEE code T20.
How many years of IRS 990 filings does The Neil And Ginny Gerald Charitable Family Foundation have?
The Neil And Ginny Gerald Charitable 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 $554K in total revenue.
How does the foundation manage its fluctuating revenue streams?
The foundation appears to manage fluctuating revenue by consistently growing its asset base, which has increased from $69,214 in 2011 to $1,071,717 currently. This suggests that periods of high revenue are used to build reserves, providing stability despite revenue variability.
What specific programs or grants does the foundation support?
Based solely on the provided IRS 990 summary data, the specific programs or grant recipients are not detailed. Further investigation into the full 990 forms would be required to identify the beneficiaries of its charitable distributions.
Is the foundation's asset growth sustainable?
Yes, the consistent growth in assets, even during periods of lower revenue, suggests a sustainable financial model, likely driven by investment returns and strategic management of contributions. The current asset base of over $1 million provides a strong foundation for future operations.
Filing History
IRS 990 filing history for The Neil And Ginny Gerald Charitable Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Neil And Ginny Gerald Charitable Family Foundation's revenue has grown by 7228.7%, moving from $7K to $514K. Total assets increased by 1169% over the same period, from $69K to $878K. Total functional expenses rose by 3048.4%, from $11K to $332K. In its most recent filing year (2023), The Neil And Ginny Gerald Charitable Family Foundation reported a surplus of $182K, with revenue exceeding expenses. The organization holds $1 in liabilities against $878K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $878K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $514K | $332K | $878K | $1 | — | View 990 |
| 2022 | $108K | $148K | $697K | $1 | — | View 990 |
| 2021 | $380K | $134K | $738K | $1 | — | View 990 |
| 2020 | $224K | $53K | $499K | $1 | — | — |
| 2019 | $102K | $11K | $328K | $1 | — | — |
| 2015 | $8K | $9K | $88K | $1 | — | View 990 |
| 2014 | $-4,437 | $39K | $61K | $0 | — | View 990 |
| 2013 | $59K | $14K | $106K | $0 | — | View 990 |
| 2012 | $18K | $6K | $87K | $0 | — | View 990 |
| 2011 | $7K | $11K | $69K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $514K, expenses of $332K, and assets of $878K (revenue +377.3% year-over-year).
- 2022: Revenue of $108K, expenses of $148K, and assets of $697K (revenue -71.6% year-over-year).
- 2021: Revenue of $380K, expenses of $134K, and assets of $738K (revenue +69.6% year-over-year).
- 2020: Revenue of $224K, expenses of $53K, and assets of $499K (revenue +118.7% year-over-year).
- 2019: Revenue of $102K, expenses of $11K, and assets of $328K (revenue +1188.7% year-over-year).
- 2015: Revenue of $8K, expenses of $9K, and assets of $88K.
- 2014: Revenue of $-4,437, expenses of $39K, and assets of $61K (revenue -107.6% year-over-year).
- 2013: Revenue of $59K, expenses of $14K, and assets of $106K (revenue +230.2% year-over-year).
- 2012: Revenue of $18K, expenses of $6K, and assets of $87K (revenue +152.6% year-over-year).
- 2011: Revenue of $7K, expenses of $11K, and assets of $69K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Neil And Ginny Gerald Charitable Family Foundation:
Data Sources and Methodology
This transparency report for The Neil And Ginny Gerald Charitable 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.