The@Michael M Wiseman And Helen A Garten Charitable Foundation

The Michael M Wiseman And Helen A Garten Charitable Foundation maintains a stable asset base with no officer compensation, despite fluctuating revenues.

EIN: 134149893 · Stonington, CT · NTEE: T20 · Updated: 2026-03-28

$131KRevenue

$532KAssets

85/100Mission Score (Excellent)

T20

About The@Michael M Wiseman And Helen A Garten Charitable Foundation

The@Michael M Wiseman And Helen A Garten Charitable Foundation (EIN: 134149893) is a nonprofit organization based in Stonington, CT, classified under NTEE code T20. The organization reported total revenue of $131K and total assets of $532K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The@Michael M Wiseman And Helen A Garten Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Michael M Wiseman And Helen A Garten Charitable Foundation demonstrates consistent financial stability with a healthy asset base relative to its annual revenue. While revenue has fluctuated significantly over the past decade, from a low of $14,646 in 2019 to a high of $302,322 in 2012, the organization has maintained positive net assets, currently standing at $532,040. The foundation consistently reports zero officer compensation, indicating that its leadership is likely unpaid, which is a strong positive for donor confidence and efficiency. The organization's liabilities have consistently been minimal, often reported as $1, suggesting sound financial management and low debt burden. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, it is challenging to fully assess spending efficiency and program focus. The NTEE code T20 suggests a focus on grantmaking, which typically involves lower administrative overhead compared to direct service charities.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates The@Michael M Wiseman And Helen A Garten Charitable 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: 10%
programs: 90%
fundraising: 0%

According to IRS 990 filings, The@Michael M Wiseman And Helen A Garten Charitable Foundation 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.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is unpaid, which is highly commendable for a foundation of its size with assets over $500,000.

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@Michael M Wiseman And Helen A Garten Charitable Foundation:

Consistent zero officer compensation, indicating high efficiency and dedication.
Strong and stable asset base ($532,040) relative to annual revenue.
Minimal liabilities reported across all filing periods, suggesting sound financial management.
Positive net assets maintained despite revenue fluctuations.

Frequently Asked Questions about The@Michael M Wiseman And Helen A Garten Charitable Foundation

Is The Michael M Wiseman And Helen A Garten Charitable Foundation a good charity?

Based on the available data, the foundation appears to be a good charity. It maintains a strong asset base ($532,040), consistently reports zero officer compensation, and has minimal liabilities. These factors suggest sound financial management and a commitment to directing resources towards its mission, likely through grantmaking given its NTEE code.

How has the foundation's revenue trended over the past decade?

The foundation's revenue has been highly variable, ranging from a low of $14,646 in 2019 to a high of $302,322 in 2012. The latest reported revenue is $131,349, showing significant year-to-year fluctuations.

What is the organization's approach to executive compensation?

The organization consistently reports 0% officer compensation, indicating that its executives and officers are not paid, which is a strong indicator of efficiency and dedication to its charitable purpose.

Does the foundation have significant debt?

No, the foundation consistently reports minimal liabilities, often as low as $1, across its filing history, indicating a very low debt burden and strong financial health.

Filing History

IRS 990 filing history for The@Michael M Wiseman And Helen A Garten Charitable Foundation showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), The@Michael M Wiseman And Helen A Garten Charitable Foundation's revenue has grown by 1.3%, moving from $102K to $103K. Total assets increased by 163.4% over the same period, from $164K to $432K. Total functional expenses fell by 2.4%, from $89K to $87K. In its most recent filing year (2023), The@Michael M Wiseman And Helen A Garten Charitable Foundation reported a surplus of $16K, with revenue exceeding expenses. The organization holds $1 in liabilities against $432K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $432K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$103K	$87K	$432K	$1	—	View 990
2022	$59K	$145K	$415K	$1	—	View 990
2021	$53K	$90K	$501K	$1	—	View 990
2020	$266K	$164K	$539K	$1	—	View 990
2019	$15K	$132K	$437K	$1	—	View 990
2015	$257K	$228K	$241K	$0	—	View 990
2014	$103K	$283K	$212K	$0	—	View 990
2013	$103K	$120K	$391K	$0	—	View 990
2012	$302K	$57K	$409K	$0	—	View 990
2011	$102K	$89K	$164K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $103K, expenses of $87K, and assets of $432K (revenue +75.0% year-over-year).
2022: Revenue of $59K, expenses of $145K, and assets of $415K (revenue +11.1% year-over-year).
2021: Revenue of $53K, expenses of $90K, and assets of $501K (revenue -80.1% year-over-year).
2020: Revenue of $266K, expenses of $164K, and assets of $539K (revenue +1716.5% year-over-year).
2019: Revenue of $15K, expenses of $132K, and assets of $437K (revenue -94.3% year-over-year).
2015: Revenue of $257K, expenses of $228K, and assets of $241K (revenue +149.9% year-over-year).
2014: Revenue of $103K, expenses of $283K, and assets of $212K (revenue +0.3% year-over-year).
2013: Revenue of $103K, expenses of $120K, and assets of $391K (revenue -66.1% year-over-year).
2012: Revenue of $302K, expenses of $57K, and assets of $409K (revenue +196.8% year-over-year).
2011: Revenue of $102K, expenses of $89K, and assets of $164K.

Data Sources and Methodology

This transparency report for The@Michael M Wiseman And Helen A Garten Charitable 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.