Quick charity verification for Frascella Family Foundationcorporation (EIN: 208654691)
Verdict: Frascella Family Foundationcorporation appears trustworthy
75/100Mission Score
$10KRevenue
$693KAssets
3Red Flags
3Strengths
Red Flags
Consistent decline in assets over the past decade, indicating potential spending down of endowment.
Expenses exceeding revenue in multiple years (e.g., 2023, 2022, 2019, 2015, 2014, 2011), leading to asset depletion.
Unusual consistent reporting of $1 in liabilities across several recent filings.
Strengths
Zero officer compensation reported across all available filings, indicating efficient use of funds for mission.
Consistent IRS 990 filing history, demonstrating transparency and compliance.
As a private foundation, its primary purpose is grantmaking, directly supporting other charitable activities.
Spending Breakdown
How Frascella Family Foundationcorporation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Frascella Family Foundationcorporation
Is Frascella Family Foundationcorporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Frascella Family Foundationcorporation (EIN: 208654691) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
Is Frascella Family Foundationcorporation a good charity to donate to?
Frascella Family Foundationcorporation has a Mission Score of 75/100. Revenue: $10K. Assets: $693K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Frascella Family Foundationcorporation?
The Employer Identification Number (EIN) for Frascella Family Foundationcorporation is 208654691. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Frascella Family Foundationcorporation spend its money?
Frascella Family Foundationcorporation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Frascella Family Foundationcorporation's tax-exempt status?
You can verify Frascella Family Foundationcorporation's tax-exempt status using EIN 208654691 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Frascella Family Foundation appears to be a private foundation, as indicated by its NTEE code T22 (Private Grantmaking Foundations) and its consistent pattern of low revenue relative to its assets and expenses in many years. The organization's financial health shows a declining trend in assets over the past decade, from $1,419,354 in 2011 to $798,602 in 2023, suggesting it is spending down its endowment. In 2023, the foundation reported expenses of $387,000 against revenue of $281,325, resulting in a deficit for the year. Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, as a private foundation, its primary function is grantmaking, and the absence of officer compensation suggests a lean operational structure.
The foundation's transparency is generally good, as it consistently files its IRS Form 990s. The consistent reporting of $1 in liabilities across multiple recent years (2019-2023) is unusual and might warrant further investigation into the nature of this liability. The lack of officer compensation is a positive indicator for donor confidence, as it suggests that the foundation's resources are directed towards its mission rather than executive salaries. However, without a detailed breakdown of expenses, it's challenging to determine the exact proportion of funds dedicated to direct program activities versus administrative overhead.