Vera Grace Greenlaw Trust
Vera Grace Greenlaw Trust maintains stable assets with fluctuating revenue and no officer compensation.
EIN: 16080221 · Portland, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $154K |
| Total Expenses | $43K |
| Program Spending | 85% |
| Net Assets | $575K |
| Transparency Score | 75/100 |
Is Vera Grace Greenlaw Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Vera Grace Greenlaw Trust directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Vera Grace Greenlaw Trust
Vera Grace Greenlaw Trust (EIN: 16080221) is a nonprofit organization based in Portland, ME. The organization reported total revenue of $154K and total assets of $556K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Vera Grace Greenlaw Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Vera Grace Greenlaw Trust is a small nonprofit that has been operating for 38 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 1.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $42K |
| Total Expenses | $43K |
| Surplus / Deficit | $-808 |
| Total Assets | $575K |
| Total Liabilities | $1 |
| Net Assets | $575K |
| Operating Margin | -1.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 159.7 months |
Financial Health Grade: B
In 2024, Vera Grace Greenlaw Trust reported a deficit of $808 with expenses exceeding revenue, holds 159.7 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 (2012–2024), Vera Grace Greenlaw Trust's revenue has grown at a compound annual growth rate (CAGR) of 1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -108.1% | +4.1% | -8.4% |
| 2022 | +209.9% | -0.4% | +4.2% |
| 2021 | +0.1% | +49.0% | +13.0% |
| 2020 | +1287.0% | -20.8% | +0.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
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 Vera Grace Greenlaw Trust 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: 85%
- fundraising: 0%
According to IRS 990 filings, Vera Grace Greenlaw Trust allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $808, 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 the organization's leadership is either entirely volunteer-based or compensated through an external entity, which significantly reduces administrative overhead for the trust itself.
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 Vera Grace Greenlaw Trust's IRS 990 filings:
- Unknown NTEE Code, limiting understanding of mission focus
- Unusual consistent reporting of $1 in liabilities across multiple years
- Significant revenue volatility, including negative revenue in 202304, indicating potential reliance on unpredictable investment returns
Strengths
The following positive indicators were identified for Vera Grace Greenlaw Trust:
- Consistent filing history over a decade, indicating regulatory compliance
- Zero officer compensation, contributing to low administrative costs
- Stable asset base, generally above $500,000, providing financial security
- Low and stable expense levels, typically between $30,000-$40,000 annually
Frequently Asked Questions about Vera Grace Greenlaw Trust
Is Vera Grace Greenlaw Trust a legitimate charity?
Vera Grace Greenlaw Trust (EIN: 16080221) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $154K. 3 red flags identified. 4 strengths noted. Financial health grade: B.
How does Vera Grace Greenlaw Trust spend its money?
Vera Grace Greenlaw Trust directs 85% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Vera Grace Greenlaw Trust tax-deductible?
Vera Grace Greenlaw Trust is registered as a tax-exempt nonprofit (EIN: 16080221). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Vera Grace Greenlaw Trust located?
Vera Grace Greenlaw Trust is headquartered in Portland, Maine and files with the IRS under EIN 16080221.
How many years of IRS 990 filings does Vera Grace Greenlaw Trust have?
Vera Grace Greenlaw 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 $154K in total revenue.
What is the specific mission or program activity of the Vera Grace Greenlaw Trust?
The provided data does not specify the NTEE code or detailed program activities, making it difficult to ascertain the trust's exact mission or how its expenses are allocated to specific programs.
Why does the trust consistently report $1 in liabilities?
The consistent reporting of $1 in liabilities across multiple recent filings (e.g., 202404, 202304, 202204) is unusual and may indicate a specific accounting practice or a placeholder for a nominal liability, which would require further investigation into the detailed financial statements.
How does the trust manage its investments given the fluctuating revenue, including negative revenue in 202304?
The significant fluctuations in revenue, such as the negative revenue of $-10,161 in 202304 and $125,906 in 202204, suggest that the trust's income is heavily influenced by investment performance. Understanding its investment strategy would provide insight into its financial sustainability.
Filing History
IRS 990 filing history for Vera Grace Greenlaw Trust showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Vera Grace Greenlaw Trust's revenue has grown by 24%, moving from $34K to $42K. Total assets increased by 4.4% over the same period, from $551K to $575K. Total functional expenses rose by 38.6%, from $31K to $43K. In its most recent filing year (2024), Vera Grace Greenlaw Trust reported a deficit of $808, with expenses exceeding revenue. The organization holds $1 in liabilities against $575K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $575K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $42K | $43K | $575K | $1 | — | — |
| 2023 | $-10,161 | $42K | $576K | $1 | — | View 990 |
| 2022 | $126K | $41K | $628K | $1 | — | View 990 |
| 2021 | $41K | $41K | $603K | $1 | — | — |
| 2020 | $41K | $27K | $533K | $1 | — | View 990 |
| 2016 | $3K | $35K | $530K | $1 | — | View 990 |
| 2015 | $21K | $32K | $562K | $0 | — | View 990 |
| 2014 | $32K | $33K | $568K | $0 | — | View 990 |
| 2013 | $48K | $26K | $576K | $0 | — | View 990 |
| 2012 | $34K | $31K | $551K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $42K, expenses of $43K, and assets of $575K.
- 2023: Revenue of $-10,161, expenses of $42K, and assets of $576K (revenue -108.1% year-over-year).
- 2022: Revenue of $126K, expenses of $41K, and assets of $628K (revenue +209.9% year-over-year).
- 2021: Revenue of $41K, expenses of $41K, and assets of $603K (revenue +0.1% year-over-year).
- 2020: Revenue of $41K, expenses of $27K, and assets of $533K (revenue +1287.0% year-over-year).
- 2016: Revenue of $3K, expenses of $35K, and assets of $530K (revenue -86.2% year-over-year).
- 2015: Revenue of $21K, expenses of $32K, and assets of $562K (revenue -34.7% year-over-year).
- 2014: Revenue of $32K, expenses of $33K, and assets of $568K (revenue -32.0% year-over-year).
- 2013: Revenue of $48K, expenses of $26K, and assets of $576K (revenue +39.6% year-over-year).
- 2012: Revenue of $34K, expenses of $31K, and assets of $551K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Vera Grace Greenlaw Trust:
Data Sources and Methodology
This transparency report for Vera Grace Greenlaw 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.