Is Mattick Family Foundation Inc Legit?

The Mattick Family Foundation Inc. demonstrates consistent financial stability with growing assets and revenues over its filing history. In the latest period (202312), the organization reported revenues of $2,192,564 against expenses of $2,120,143, indicating sound financial management where expenses are well-covered by income. The foundation's assets have shown significant growth, from $1,002,057 in 201112 to $4,267,082 in 202312, suggesting effective asset management and accumulation. The consistent reporting of zero officer compensation across all filings indicates a volunteer-led or very lean administrative structure, which can be a positive sign for donor confidence regarding administrative overhead. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, it's challenging to fully assess spending efficiency. The NTEE code T20 (Private Grantmaking Foundations) suggests its primary activity is making grants, which would typically fall under program spending. The very low liabilities reported ($1 in most periods) indicate a healthy balance sheet with minimal debt. The foundation's transparency is good in terms of filing its 990s consistently, but a deeper dive into how its expenses are categorized would provide a more complete picture of its operational efficiency and program impact.