Golden Rule Foundation

Nonprofit profile at a glance

EIN
599207701
IRS 990-PF coverage
2019–2024
Forms available
Form 990-PF 2024
Location
Rockport, ME, USA
Rating
88
Verdict
STRONG
Rating confidence
Standard

Reported finances

Revenue
$550,578
Expenses
$236,290

Source: IRS Form 990-PF. Selected filing: tax year 2024. Amounts in USD.

Overview

Mission

Golden Rule Foundation is a nonprofit. Location: Rockport, ME. EIN 599207701. Tax year 2024 Form 990-PF reports $551K revenue and $236K expenses.

What it reported funding in 2024

The foundation reported 27 grants totaling $157,000. The stated grant purposes included to continue to offer a fully funded sponsorship to international artists of talentwho are seeking an opportunity in the us. with the support of the golden rulefoundation's grant, matched by an anonymous donor, art omi is able to coverthe artist's travel expenses, offer a stipend for material, in addition to full board, and all programming and opportunities our residency program offers., funding to support 2025 programming, and funding for operations and here all the time, plus 24 other reported purposes.

Operating model

Revenue model
Investment-supported. 99% of the foundation's positive operating resources came from recurring investment income.
Distribution model
Grant intermediary. The foundation distributed 93% of its reported charitable disbursements as grants.
  • Includes asset-sale income: Asset-sale income is shown separately from recurring resources when classifying the revenue model.

The verdict

STRONG - A large share of available resources goes to charitable grants and the filed numbers largely add up. Assets provide a limited cushion relative to annual grants.

Rating breakdown

  • Grant Deployment: 100
  • Cost Efficiency: 66
  • Transparency: 100
  • Compliance: 100
  • Endowment Health: 48

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: 100%; rating input score 100; 74th percentile among comparable filings

Cost Efficiency

  • Grant expense ratio: 66.4%; rating input score 66; 21st percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Part VII-B activity disclosures: 19 of 19 controls in place; rating input score 100
    • Property sale or exchange with a disqualified person: Pass
    • Borrowing from or lending to a disqualified person: Pass
    • Goods, services, or facilities involving a disqualified person: Pass
    • Compensation paid to a disqualified person: Pass
    • Assets transferred to a disqualified person: Pass
    • Payment to a government official: Pass
    • Uncorrected prior self-dealing: Pass
    • Prior-year undistributed income: Pass
    • Excess business holdings: Pass
    • Investments that may jeopardize charitable purposes: Pass
    • Uncorrected prior-year jeopardizing investments: Pass
    • Attempt to influence legislation: Pass
    • Attempt to influence an election: Pass
    • Grants to individuals: Pass
    • Grants to organizations: Pass
    • Spending for a noncharitable purpose: Pass
    • Funds received for a personal-benefit contract: Pass
    • Premiums paid on a personal-benefit contract: Pass
    • Prohibited tax-shelter transaction: Pass
  • Filing consistency checks: 9; rating input score 100

Endowment Health

  • Endowment-health comparison: 17.24; rating input score 48; 48th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Grants: 100% of grant recipient detail disclosed
  • Payout: At least 100% grant deployment rate
  • Trustees: Filed trustees detail
  • Self-dealing: 100% of reviewed questions answered “No”
  • Investments: 48th percentile for endowment coverage
  • Consistency: 9 of 9 current checks pass
  • Filing history: 5 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 34 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Endowment Health: Endowment-health comparison scored 48/100.