Michael P Gaunce Foundation
Only null% goes to programs Strong reserves Growing revenue
Michael P Gaunce Foundation is a 501(c)(3) organization based in Greenwood, Indiana, registered in 2015, with $50,000 in FY2024 revenue. CharityIndex grades it C+.
391 Monticello Dr, Greenwood, IN, 46142 EIN 47-6644307 Since 2015
Revenue (FY2024)
$50K
▲ 25.0% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$49K
Net assets
$350K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—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 Michael P Gaunce Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating85 mo reserves · +2% 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 Michael P Gaunce Foundation: 85 mo reserves · +2% margin earns a B+ 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 Michael P Gaunce 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 Michael P Gaunce Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 391 Monticello Dr, Greenwood, IN, 46142
- City
- Greenwood
- State
- Indiana
- Subcategory
- Private Foundations
Financial trends
Revenue held steady from $50K (FY2015) to $50K (FY2024) across 10 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $350K
Operating margin
1.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$343K
Total liabilities
$0
Net assets
$350K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $50,000▲25.0% | $49,215▲11.1% | $350,167▲67.9% | $343,279▲64.6% | 990PF |
| 2023 | $40,000▼8.2% | $44,309▲87.1% | $208,608▼18.2% | $208,608▼18.2% | 990PF |
| 2022 | $43,555▲45.2% | $23,680▲31.5% | $255,167▼1.2% | $255,167▼1.2% | 990PF |
| 2021 | $30,000 | $18,010▲12.5% | $258,292▼1.9% | $258,292▼1.9% | 990PF |
| 2020 | $30,000▲241% | $16,010▼0.1% | $263,302▼0.4% | $263,302▼0.4% | 990PF |
| 2019 | $8,805▼10.4% | $16,025▼2.0% | $264,312▼7.9% | $264,312▼7.9% | 990PF |
| 2018 | $9,825▲96.5% | $16,355▲5.6% | $286,932▲17.5% | $286,932▲17.5% | 990PF |
| 2017 | $5,000▼95.0% | $15,495▼4.8% | $244,165▼9.5% | $244,165▼9.5% | 990PF |
| 2016 | $100,000▲100% | $16,270▼34.2% | $269,660▲33.7% | $269,660▲33.7% | 990PF |
| 2015 | $50,000 | $24,745 | $201,755 | $201,755 | 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 Michael P Gaunce Foundation a legitimate nonprofit?
- Yes. Michael P Gaunce Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 47-6644307, based in Greenwood, Indiana. Donations are tax-deductible.
- What is Michael P Gaunce Foundation's EIN?
- Michael P Gaunce Foundation's Employer Identification Number (EIN) is 47-6644307.
- How much revenue does Michael P Gaunce Foundation report?
- Michael P Gaunce Foundation reported $50,000 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Michael P Gaunce Foundation have?
- CharityIndex grades Michael P Gaunce Foundation C+, based on financial health (reserves and operating margin).
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Data for Michael P Gaunce Foundation (EIN 47-6644307) 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.