AI Transparency Report
The Marshall L And Barbara A Tobins Family Charitable Foundation appears to be a private foundation primarily focused on grantmaking, as indicated by its NTEE code T22 (Private Grantmaking Foundations). The organization consistently reports zero officer compensation across all available filings, which is a positive indicator of volunteer leadership and efficient use of funds for its stated purpose. However, the foundation has shown a trend of expenses exceeding revenue in several recent years, such as in 2023 where expenses were $70,649 against revenues of $28,342, and in 2022 with expenses of $69,750 against revenues of $40,421. This suggests it is drawing down on its asset base to fund its activities, which has led to a decrease in assets from $701,009 in 2013 to $564,028 in 2023. While this is not inherently negative for a private foundation, it indicates a reliance on existing capital rather than consistent incoming donations to cover operational and grantmaking costs. The foundation's liabilities have remained consistently low, often reported as $1 or $0, indicating good financial management in terms of debt.