The Richard And Leslie Gilliam Foundation
The Richard And Leslie Gilliam Foundation maintains substantial assets and reports no officer compensation.
EIN: 203691921 · Charlottesvle, VA · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $12.1M |
| Total Expenses | $1.9M |
| Program Spending | 90% |
| Net Assets | $47.8M |
| Transparency Score | 85/100 |
Is The Richard And Leslie Gilliam Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Richard And Leslie Gilliam Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Richard And Leslie Gilliam Foundation
The Richard And Leslie Gilliam Foundation (EIN: 203691921) is a nonprofit organization based in Charlottesvle, VA, classified under NTEE code T20. The organization reported total revenue of $12.1M and total assets of $47.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Richard And Leslie Gilliam Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Richard And Leslie Gilliam Foundation is a large 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 -22.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $1.9M |
| Surplus / Deficit | $-12,887 |
| Total Assets | $47.8M |
| Total Liabilities | $6K |
| Net Assets | $47.8M |
| Operating Margin | -0.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 298.4 months |
Financial Health Grade: B
In 2023, The Richard And Leslie Gilliam Foundation reported a deficit of $13K with expenses exceeding revenue, holds 298.4 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 Richard And Leslie Gilliam Foundation's revenue has declined at a compound annual growth rate (CAGR) of -22.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -32.3% | -31.1% | -0.2% |
| 2022 | +7.6% | +19.7% | +0.2% |
| 2021 | +26.7% | -2.6% | +0.6% |
| 2019 | -124.2% | +70.5% | -3.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 Richard And Leslie Gilliam 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, The Richard And Leslie Gilliam 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 deficit of $13K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive compensation directly from the foundation, which is highly favorable for 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 The Richard And Leslie Gilliam Foundation's IRS 990 filings:
- Fluctuating revenue, including a negative revenue year in 2019
- Significant expense fluctuations in earlier years relative to revenue
Strengths
The following positive indicators were identified for The Richard And Leslie Gilliam Foundation:
- Substantial and stable asset base (e.g., $47,836,262 in 2023)
- Consistent reporting of 0% officer compensation
- Balanced expenses relative to revenue in recent periods
- Long history of IRS 990 filings demonstrating transparency
Frequently Asked Questions about The Richard And Leslie Gilliam Foundation
Is The Richard And Leslie Gilliam Foundation a legitimate charity?
The Richard And Leslie Gilliam Foundation (EIN: 203691921) is a registered tax-exempt nonprofit based in Virginia. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $12.1M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does The Richard And Leslie Gilliam Foundation spend its money?
The Richard And Leslie Gilliam Foundation directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to The Richard And Leslie Gilliam Foundation tax-deductible?
The Richard And Leslie Gilliam Foundation is registered as a tax-exempt nonprofit (EIN: 203691921). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Richard And Leslie Gilliam Foundation's spending goes to programs?
The Richard And Leslie Gilliam Foundation directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Richard And Leslie Gilliam Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), The Richard And Leslie Gilliam 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 Richard And Leslie Gilliam Foundation located?
The Richard And Leslie Gilliam Foundation is headquartered in Charlottesvle, Virginia and files with the IRS under EIN 203691921. It is classified under NTEE code T20.
How many years of IRS 990 filings does The Richard And Leslie Gilliam Foundation have?
The Richard And Leslie Gilliam 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 $12.1M in total revenue.
What is the primary use of the foundation's assets?
As a private grantmaking foundation (NTEE T20), the primary use of its substantial assets, which were $47,836,262 in 2023, is likely for investment to generate income for grantmaking and to maintain its endowment.
How does the foundation manage its expenses relative to its revenue?
In recent years, the foundation has managed its expenses closely to its revenue. For example, in 2023, expenses ($1,923,884) were very similar to revenue ($1,910,997), indicating a balanced operational approach after periods of higher expense-to-revenue ratios in earlier years.
Why was there negative revenue in 2019?
The negative revenue of $-540,779 in 2019 could be due to investment losses, significant asset write-downs, or other non-operating income adjustments, which is not uncommon for foundations heavily reliant on investment returns.
Filing History
IRS 990 filing history for The Richard And Leslie Gilliam Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Richard And Leslie Gilliam Foundation's revenue has declined by 95.1%, moving from $38.6M to $1.9M. Total assets decreased by 27.8% over the same period, from $66.3M to $47.8M. Total functional expenses fell by 86.7%, from $14.5M to $1.9M. In its most recent filing year (2023), The Richard And Leslie Gilliam Foundation reported a deficit of $13K, with expenses exceeding revenue. The organization holds $6K in liabilities against $47.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $47.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $1.9M | $47.8M | $6K | — | — |
| 2022 | $2.8M | $2.8M | $47.9M | $63K | — | View 990 |
| 2021 | $2.6M | $2.3M | $47.8M | $1 | — | View 990 |
| 2020 | $2.1M | $2.4M | $47.5M | $1 | — | View 990 |
| 2019 | $-540,779 | $3.5M | $47.9M | $1 | — | View 990 |
| 2015 | $2.2M | $2.0M | $49.6M | $0 | — | View 990 |
| 2014 | $3.4M | $6.6M | $49.4M | $0 | — | View 990 |
| 2013 | $3.3M | $6.5M | $52.6M | $0 | — | View 990 |
| 2012 | $3.2M | $13.4M | $55.8M | $1 | — | View 990 |
| 2011 | $38.6M | $14.5M | $66.3M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $1.9M, and assets of $47.8M (revenue -32.3% year-over-year).
- 2022: Revenue of $2.8M, expenses of $2.8M, and assets of $47.9M (revenue +7.6% year-over-year).
- 2021: Revenue of $2.6M, expenses of $2.3M, and assets of $47.8M (revenue +26.7% year-over-year).
- 2020: Revenue of $2.1M, expenses of $2.4M, and assets of $47.5M.
- 2019: Revenue of $-540,779, expenses of $3.5M, and assets of $47.9M (revenue -124.2% year-over-year).
- 2015: Revenue of $2.2M, expenses of $2.0M, and assets of $49.6M (revenue -34.3% year-over-year).
- 2014: Revenue of $3.4M, expenses of $6.6M, and assets of $49.4M (revenue +3.2% year-over-year).
- 2013: Revenue of $3.3M, expenses of $6.5M, and assets of $52.6M (revenue +3.2% year-over-year).
- 2012: Revenue of $3.2M, expenses of $13.4M, and assets of $55.8M (revenue -91.7% year-over-year).
- 2011: Revenue of $38.6M, expenses of $14.5M, and assets of $66.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Richard And Leslie Gilliam Foundation:
Data Sources and Methodology
This transparency report for The Richard And Leslie Gilliam 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.