Is The@Michael And Jeanne Falzone Charitable Foundation Legit?

The Michael And Jeanne Falzone Charitable Foundation appears to be a very small private foundation, as indicated by its NTEE code T22. Its financial activity over the past decade shows extremely low revenue and expenses in most recent years, with several years reporting only $1 or $2 in revenue and $0 in expenses. For example, in 2023, revenue was $2 and expenses were $150, while in 2022, revenue was $1 and expenses were $0. The organization's assets have remained relatively stable but low, around $10,000 in recent years, with a current asset base of $39,828. The foundation consistently reports minimal liabilities ($1) and no officer compensation, suggesting a volunteer-run structure with very limited operational costs. The lack of significant program expenses in most recent filings raises questions about its current charitable activities, despite its classification as a private foundation.