Quick charity verification for The Leonetti Oconnell Family Foundation (EIN: 203889415)
Verdict: The Leonetti Oconnell Family Foundation appears trustworthy
95/100Mission Score
$7.7MRevenue
$93.6MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
High program spending ratio (e.g., 90% in 2023)
Zero officer compensation reported across all filings
Significant growth in assets over the past decade (from $36M in 2011 to $98M in 2023)
Low administrative spending (10% in 2023)
Consistent financial stability with low liabilities relative to assets
Spending Breakdown
How The Leonetti Oconnell Family Foundation 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 The Leonetti Oconnell Family Foundation
Is The Leonetti Oconnell Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, The Leonetti Oconnell Family Foundation (EIN: 203889415) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is The Leonetti Oconnell Family Foundation a good charity to donate to?
The Leonetti Oconnell Family Foundation has a Mission Score of 95/100. Revenue: $7.7M. Assets: $93.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The Leonetti Oconnell Family Foundation?
The Employer Identification Number (EIN) for The Leonetti Oconnell Family Foundation is 203889415. 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 The Leonetti Oconnell Family Foundation spend its money?
The Leonetti Oconnell Family Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The Leonetti Oconnell Family Foundation's tax-exempt status?
You can verify The Leonetti Oconnell Family Foundation's tax-exempt status using EIN 203889415 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 Leonetti Oconnell Family Foundation demonstrates a strong commitment to its program services, as evidenced by its consistent program spending ratio. For instance, in 2023, 90% of its expenses were directed towards programs, with only 10% allocated to administrative costs and 0% to fundraising. This efficiency is a recurring theme across its filings, indicating a well-managed operational structure focused on mission delivery. The foundation's assets have shown significant growth over the past decade, from $36 million in 2011 to over $98 million in 2023, suggesting robust financial stewardship and investment strategies. While revenue has fluctuated, the foundation consistently maintains a substantial asset base, providing long-term stability for its philanthropic endeavors.
The organization's transparency is commendable, particularly with zero reported officer compensation across all available filings. This indicates that the foundation's leadership is likely unpaid, which can be a strong indicator of dedication to the mission and efficient use of funds. The consistent reporting of liabilities, which remain relatively low compared to assets, further reinforces a picture of sound financial management. The foundation's NTEE code T50, 'Private Grantmaking Foundations', aligns with its operational model of distributing grants, and its financial data supports this function effectively.
Overall, The Leonetti Oconnell Family Foundation appears to be a financially healthy and efficiently run organization. Its high program spending, lack of executive compensation, and substantial asset growth point to a well-governed entity focused on maximizing its impact through grantmaking. The fluctuations in annual revenue are typical for foundations that rely on investment returns and contributions, but the consistent growth in assets and controlled expenses demonstrate a sustainable financial model.