Kevin & Therese Glassman Foundation
Only null% goes to programs Strong reserves Declining revenue
Kevin & Therese Glassman Foundation is a 501(c)(3) organization based in Woodbury, New York, registered in 2015, with $36,245 in FY2024 revenue. CharityIndex grades it D.
Forvismazars-60 Crossways Pk Dr 30, Woodbury, NY, 11797 EIN 47-2560077 Since 2015
Revenue (FY2024)
$36K
▲ 15.6% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$49K
Net assets
$367K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Kevin & Therese Glassman Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DFinancial health25% of the rating90 mo reserves · -35% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Kevin & Therese Glassman Foundation: 90 mo reserves · -35% margin earns a D on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Kevin & Therese Glassman Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Kevin & Therese Glassman Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- Forvismazars-60 Crossways Pk Dr 30, Woodbury, NY, 11797
- City
- Woodbury
- State
- New York
- Subcategory
- Private Foundations
Financial trends
Revenue declined from $500K (FY2014) to $36K (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $367K
Operating margin
-34.8%
Spent more than it raised in the latest fiscal year.
Total assets
$367K
Total liabilities
$0
Net assets
$367K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $36,245▲15.6% | $48,852▲37.8% | $367,487▼3.3% | $367,487▼3.3% | 990PF |
| 2023 | $31,355▲201% | $35,464▼4.8% | $380,094▼1.1% | $380,094▼1.1% | 990PF |
| 2022 | -$30,916▼152% | $37,269▲39.7% | $384,203▼15.1% | $384,203▼15.1% | 990PF |
| 2021 | $59,152▲14837% | $26,680▼39.0% | $452,388▲7.7% | $452,388▲5.6% | 990PF |
| 2020 | $396▼97.9% | $43,714▼2.1% | $419,916▼9.4% | $428,211▼8.3% | 990PF |
| 2019 | $19,057▼20.6% | $44,633▲17.1% | $463,234▼5.2% | $466,900▼4.7% | 990PF |
| 2018 | $23,992▼53.6% | $38,102▲40.5% | $488,810▼2.8% | $490,027▼2.6% | 990PF |
| 2017 | $51,722▲134% | $27,128▲19.0% | $502,920▲5.1% | $502,920▲5.1% | 990PF |
| 2016 | $22,118▲249% | $22,804▲271% | $478,326▼0.1% | $478,326▼0.1% | 990PF |
| 2015 | -$14,828▼103% | $6,141▲4078% | $479,012▼4.2% | $479,012▼4.2% | 990PF |
| 2014 | $500,128 | $147 | $499,981 | $499,981 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Kevin & Therese Glassman Foundation a legitimate nonprofit?
- Yes. Kevin & Therese Glassman Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 47-2560077, based in Woodbury, New York. Donations are tax-deductible.
- What is Kevin & Therese Glassman Foundation's EIN?
- Kevin & Therese Glassman Foundation's Employer Identification Number (EIN) is 47-2560077.
- How much revenue does Kevin & Therese Glassman Foundation report?
- Kevin & Therese Glassman Foundation reported $36,245 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Kevin & Therese Glassman Foundation have?
- CharityIndex grades Kevin & Therese Glassman Foundation D, based on financial health (reserves and operating margin).
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Data for Kevin & Therese Glassman Foundation (EIN 47-2560077) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.