George Foundation INC FY2021 filing

Claim this org

(tell your story, add context, and more) Claim it free, then get the verified mark for $500 a year.

How does your 990 look to donors? Take the 10-Question Audit

Educational and medical treatment

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $43K a year · 19% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
5 mo
of spending, in cash
Plus $798K in investments, Pt X · Ln 11–13
Looks good: 4.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $61K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$36K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$964K
+522% vs prior year
Spent
$128K
To programs
80%
Net assets
$814K
By yearFY2020–FY2024
Revenue
$964K
FY2021▲ +522%
Tap a bar for its year
Revenue by fiscal year
FY2020$155K
FY2021$964K
FY2022$13K
FY2023−$25K
FY2024$23K
Expenses
$128K
FY2021▲ +250%
Tap a bar for its year
Expenses by fiscal year
FY2020$37K
FY2021$128K
FY2022$8K
FY2023$517K
FY2024$222K
Net assets
$814K
FY2021▲ ×14
Tap a bar for its year
Net assets by fiscal year
FY2020−$70K
FY2021$814K
FY2022$663K
FY2023$208K
FY2024−$3K

From the FY2021 Form 990 · see the original

Give Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1995.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $103K Management & general 20% · $25K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Sec. and Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See George Foundation INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides education and medical care to those in need.

Questions for George Foundation INC

Tap to ask. George Foundation INC sees how many people are interested.

Your first name shows with your question. George Foundation INC answers here, for everyone.

1 program · $103K · in their own filed words · FY2021
01

Operate orphanage,school and hospital for disadvantaged childrens and adults

$103Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2021
Total grants receivedfrom 2 funders$61K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$964K
Ln 12
Gifts and grantsLn 1h$947K
Investment incomeLn 3$11K
Other incomeLn 4–11$6K
Money outPt IX
$128K
Ln 25
Programscol B$103K
Managementcol C$25K
Owns and owesPt X
$814K
net assets · Ln 32
Cash and savingsLn 1–2$51K
Total assetsLn 16$850K
LiabilitiesLn 26$36K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$947K
Investment incomeLn 3$11K
Other incomeLn 4–11$6K
Gains on assetsLn 7$2K
Total revenueLn 12$964K
Assets in detailPt X, end of year
CashLn 1$20K
SavingsLn 2$32K
Cash and savings togetherLn 1–2$51K
InvestmentsLn 11–13$798K
Total assetsLn 16$850K
LiabilitiesLn 26$36K
Net assetsLn 32$814K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3More from this return
Abroad and in kindSch F, M
Grants to other countriesSch F Pt II–III$103K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$35K$51K
InvestmentsLn 11–13$798K
Total assetsLn 16$35K$850K
LiabilitiesLn 26$105K$36K
Net assetsLn 32−$70K$814K
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$103K$103K
Management feesLn 11a$14K$14K
Accounting feesLn 11c$2K$2K
Investment management feesLn 11f$3K$3K
Office expensesLn 13$3K$3K
TravelLn 17$3K$3K
Total functional expensesLn 25$128K$103K$25K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Oct 27, 2025 $23K$222K−$199K−$3K 990 PDF
FY2023Filed with the IRS Nov 6, 2024 −$25K$517K−$543K$208K 990 PDF
FY2022Filed with the IRS Nov 8, 2023 $13K$8K$5K$663K 990 PDF
FY2021 ViewingFiled with the IRS Nov 7, 2022 $964K$128K$836K$814K 990 PDF
FY2020Filed with the IRS Nov 9, 2021 $155K$37K$118K−$70K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $964,032 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $149,171$947,078
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$10,643
I-11 Other revenuePrior year $5,865$6,311
I-12 Total revenuePrior year $155,036$964,032
I-13 Grants and similar amounts paidPrior year $0$103,050
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $36,650$25,255
I-18 Total expensesPrior year $36,650$128,305
I-19 Revenue less expensesPrior year $118,386$835,727
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $964,032 across 6 lines filed
VIII-1f All other contributions, gifts and grants$947,078
VIII-1h Total contributions, gifts and grants$947,078
VIII-3 Investment incomeRelated to mission $8,677$8,677
VIII-5 RoyaltiesRelated to mission $6,311$6,311
VIII-7 Net gain or loss on sales of assetsRelated to mission $1,966$1,966
VIII-12 Total revenueRelated to mission $16,954 · Unrelated business $0 · Excluded from tax $0$964,032
Part IX · Statement of functional expenses $128,305 across 6 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $103,050$103,050
IX-11a Management feesManagement $13,600$13,600
IX-11c Accounting feesManagement $2,250$2,250
IX-11f Investment management feesManagement $3,290$3,290
IX-13 Office expensesManagement $3,200$3,200
IX-17 TravelManagement $2,915$2,915
IX-25 Total functional expensesPrograms $103,050 · Management $25,255 · Fundraising $0$128,305
Part X · Balance sheet $849,500 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $3,456$19,518
X-2 Savings and temporary cash investmentsStart of year $31,877$31,877
X-11 Publicly traded securities$798,105
X-16 Total assetsStart of year $35,333$849,500
X-25 Other liabilitiesStart of year $104,982$35,982
X-26 Total liabilitiesStart of year $104,982$35,982
X-32 Total net assets or fund balancesStart of year −$69,649$813,518
X-33 Total liabilities and net assetsStart of year $35,333$849,500
Part XI · Reconciliation of net assets $813,518 net assets at year end
XI-1 Total revenue$964,032
XI-2 Total expenses$128,305
XI-3 Revenue less expenses$835,727
XI-4 Net assets at start of year−$69,649
XI-5 Net unrealized gains (losses) on investments$47,440
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$813,518

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.