Quick charity verification for Lidia Matticchio Bastianich Foundation (EIN: 134090182)
Verdict: Lidia Matticchio Bastianich Foundation shows mixed signals
50/100Mission Score
$3.3MRevenue
$1.8MAssets
4Red Flags
2Strengths
Red Flags
Significant discrepancy between stated 'Latest Revenue' ($3,263,429) and historical filing data (max $25,000 revenue).
Consistently minimal assets and liabilities ($1) in historical filings, which is atypical.
Expenses frequently exceed revenue in individual years, indicating potential reliance on undisclosed reserves or funding.
Lack of clear financial scale and activity based on historical 990 data.
Strengths
Zero officer compensation reported across all filings, indicating a volunteer-led structure and high efficiency in executive overhead.
Low reported expenses in historical filings, suggesting a lean operational model.
AI Transparency Report
The Lidia Matticchio Bastianich Foundation exhibits a highly unusual financial profile based on its IRS 990 filings. While the latest reported revenue is stated as $3,263,429, the detailed filing history shows significantly lower figures, with the highest annual revenue in the provided history being $25,000 in 202308. This discrepancy between the 'Latest Revenue' and the historical filing data is a major concern for transparency and financial health assessment. The organization consistently reports minimal assets and liabilities, often just $1 in liabilities, which is atypical for an active nonprofit. Expenses have generally been low, often exceeding revenue in individual years, suggesting reliance on prior reserves or other undisclosed funding sources. The consistent reporting of 0% officer compensation across all filings indicates a volunteer-led or very lean operational structure, which can be a positive for efficiency if programs are being effectively delivered. However, the overall financial picture is fragmented and lacks clarity due to the significant difference between the stated 'Latest Revenue' and the detailed historical data.