Andrew J & Joyce D Mandell Family Foundation Inc
Mandell Family Foundation: Strong Assets, Inconsistent Revenue, and Zero Compensation
EIN: 222536600 · Newington, CT · NTEE: T202 · Updated: 2026-04-04
Is Andrew J & Joyce D Mandell Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Andrew J & Joyce D Mandell Family Foundation Inc directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Andrew J & Joyce D Mandell Family Foundation Inc
Andrew J & Joyce D Mandell Family Foundation Inc (EIN: 222536600) is a nonprofit organization based in Newington, CT, classified under NTEE code T202. The organization reported total revenue of $13.4M and total assets of $6.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Andrew J & Joyce D Mandell Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Andrew J & Joyce D Mandell Family Foundation Inc is a large nonprofit that has been operating for 42 years, with 11 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 19.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.4M |
| Total Expenses | $7.6M |
| Surplus / Deficit | $-3,248,697 |
| Total Assets | $7.5M |
| Total Liabilities | $1 |
| Net Assets | $7.5M |
| Operating Margin | -74.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 11.8 months |
Financial Health Grade: B
In 2024, Andrew J & Joyce D Mandell Family Foundation Inc reported a deficit of $3.2M with expenses exceeding revenue, holds 11.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 11 years of filings (2012–2024), Andrew J & Joyce D Mandell Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 19.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +129.6% | +79.9% | -33.5% |
| 2023 | -26.4% | +4.4% | -20.2% |
| 2022 | -56.7% | +56.6% | -9.4% |
| 2021 | +171.4% | -27.4% | +12.7% |
| 2020 | +49.3% | +60.1% | -9.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Andrew J & Joyce D Mandell Family Foundation Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Andrew J & Joyce D Mandell Family Foundation Inc allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $3.2M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as $0 across all available filings, indicating that no salaries are paid to executives from the foundation's funds.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Andrew J & Joyce D Mandell Family Foundation Inc's IRS 990 filings:
- Significant year-over-year fluctuations in revenue, such as the drop from $5,966,187 in 2021 to $2,582,101 in 2022, could impact long-term program stability.
- The lack of any reported administrative or fundraising expenses might suggest these functions are absorbed by other entities or are not fully disclosed, which could obscure the true cost of operations.
Strengths
The following positive indicators were identified for Andrew J & Joyce D Mandell Family Foundation Inc:
- 100% of reported expenditures are allocated to programs, demonstrating exceptional efficiency and direct impact.
- The foundation consistently reports $0 in executive compensation, indicating a highly cost-effective leadership model.
- Maintains substantial assets, with $6,067,732 reported in the most recent filing, providing a strong financial base for future operations.
Frequently Asked Questions about Andrew J & Joyce D Mandell Family Foundation Inc
Is Andrew J & Joyce D Mandell Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Andrew J & Joyce D Mandell Family Foundation Inc (EIN: 222536600) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Andrew J & Joyce D Mandell Family Foundation Inc spend its money?
Andrew J & Joyce D Mandell Family Foundation Inc directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Andrew J & Joyce D Mandell Family Foundation Inc tax-deductible?
Andrew J & Joyce D Mandell Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222536600). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Andrew J & Joyce D Mandell Family Foundation Inc do?
Andrew J & Joyce D Mandell Family Foundation Inc is a nonprofit organization in the Philanthropy, Voluntarism & Grantmaking sector, located in Newington, Connecticut. It is classified under NTEE code T202.
How much revenue does Andrew J & Joyce D Mandell Family Foundation Inc have?
Andrew J & Joyce D Mandell Family Foundation Inc reported total revenue of $13,407,277. Based on 11 IRS 990 filings on record.
What are Andrew J & Joyce D Mandell Family Foundation Inc's total assets?
Andrew J & Joyce D Mandell Family Foundation Inc holds total assets of $6,067,732 as reported in IRS 990 filings.
Where is Andrew J & Joyce D Mandell Family Foundation Inc located?
Andrew J & Joyce D Mandell Family Foundation Inc is based in Newington, Connecticut.
What is Andrew J & Joyce D Mandell Family Foundation Inc's EIN?
Andrew J & Joyce D Mandell Family Foundation Inc's Employer Identification Number (EIN) is 222536600. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Andrew J & Joyce D Mandell Family Foundation Inc?
Andrew J & Joyce D Mandell Family Foundation Inc is classified under NTEE code T202 (Philanthropy, Voluntarism & Grantmaking).
Is Andrew J & Joyce D Mandell Family Foundation Inc a registered 501(c)(3)?
Yes, Andrew J & Joyce D Mandell Family Foundation Inc is recognized as a tax-exempt organization by the IRS. EIN: 222536600.
Does Andrew J & Joyce D Mandell Family Foundation Inc file IRS Form 990?
Yes, Andrew J & Joyce D Mandell Family Foundation Inc has 11 IRS Form 990 filings on record. The most recent covers tax period 202404.
What was Andrew J & Joyce D Mandell Family Foundation Inc's revenue in 2024?
In the 202404 filing period, Andrew J & Joyce D Mandell Family Foundation Inc reported total revenue of $4,361,849, total expenses of $7,610,546, and net assets of $7,500,060.
Is Andrew J & Joyce D Mandell Family Foundation Inc's revenue growing or declining?
Andrew J & Joyce D Mandell Family Foundation Inc's revenue is growing. Revenue went from $1,899,654 (202304) to $4,361,849 (202404), a +129.6% change. Based on 11 filings on record.
What is Andrew J & Joyce D Mandell Family Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Andrew J & Joyce D Mandell Family Foundation Inc covers tax period 202404. It shows revenue of $4,361,849, expenses of $7,610,546, total assets of $7,500,060, and liabilities of $1.
How much does Andrew J & Joyce D Mandell Family Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Andrew J & Joyce D Mandell Family Foundation Inc allocates approximately 100% of expenses to program services, 0% to administrative costs, and 0% to fundraising. This indicates strong program focus.
Is Andrew J & Joyce D Mandell Family Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Andrew J & Joyce D Mandell Family Foundation Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Andrew J & Joyce D Mandell Family Foundation Inc?
The following concerns were identified: Significant year-over-year fluctuations in revenue, such as the drop from $5,966,187 in 2021 to $2,582,101 in 2022, could impact long-term program stability.. The lack of any reported administrative or fundraising expenses might suggest these functions are absorbed by other entities or are not fully disclosed, which could obscure the true cost of operations.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Andrew J & Joyce D Mandell Family Foundation Inc's strengths?
Positive indicators for Andrew J & Joyce D Mandell Family Foundation Inc include: 100% of reported expenditures are allocated to programs, demonstrating exceptional efficiency and direct impact.. The foundation consistently reports $0 in executive compensation, indicating a highly cost-effective leadership model.. Maintains substantial assets, with $6,067,732 reported in the most recent filing, providing a strong financial base for future operations.. These findings are derived from AI analysis of the organization's financial filings.
How does Andrew J & Joyce D Mandell Family Foundation Inc compensate executives?
Executive compensation is consistently reported as $0 across all available filings, indicating that no salaries are paid to executives from the foundation's funds. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of 0% administrative and fundraising costs, how does the foundation manage its operational overhead and fundraising efforts?
The data suggests that administrative and fundraising functions are either entirely volunteer-driven, absorbed by a related entity, or funded through separate, unreported channels, allowing 100% of reported expenditures to go directly to programs.
What factors contribute to the significant volatility in the foundation's reported revenue, and how does this impact its grantmaking strategy?
The revenue fluctuations, such as the decrease from $4,361,849 in 2024 to $1,899,654 in 2023, could be due to reliance on a few large donors or investment performance, potentially leading to variable grantmaking capacity year-to-year.
Filing History
IRS 990 filing history for Andrew J & Joyce D Mandell Family Foundation Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2012–2024), Andrew J & Joyce D Mandell Family Foundation Inc's revenue has grown by 713.6%, moving from $536K to $4.4M. Total assets decreased by 34.9% over the same period, from $11.5M to $7.5M. Total functional expenses rose by 168.7%, from $2.8M to $7.6M. In its most recent filing year (2024), Andrew J & Joyce D Mandell Family Foundation Inc reported a deficit of $3.2M, with expenses exceeding revenue. The organization holds $1 in liabilities against $7.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $7.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $4.4M | $7.6M | $7.5M | $1 | — | View 990 |
| 2023 | $1.9M | $4.2M | $11.3M | $1 | — | View 990 |
| 2022 | $2.6M | $4.1M | $14.1M | $1 | — | View 990 |
| 2021 | $6.0M | $2.6M | $15.6M | $1 | — | — |
| 2020 | $2.2M | $3.6M | $13.8M | $0 | — | View 990 |
| 2019 | $1.5M | $2.2M | $15.2M | $0 | — | View 990 |
| 2016 | $2.4M | $1.4M | $17.5M | $0 | — | View 990 |
| 2015 | $2.0M | $1.1M | $16.4M | $0 | — | View 990 |
| 2014 | $2.6M | $1.5M | $15.5M | $0 | — | View 990 |
| 2013 | $3.5M | $739K | $14.3M | $0 | — | View 990 |
| 2012 | $536K | $2.8M | $11.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $4.4M, expenses of $7.6M, and assets of $7.5M (revenue +129.6% year-over-year).
- 2023: Revenue of $1.9M, expenses of $4.2M, and assets of $11.3M (revenue -26.4% year-over-year).
- 2022: Revenue of $2.6M, expenses of $4.1M, and assets of $14.1M (revenue -56.7% year-over-year).
- 2021: Revenue of $6.0M, expenses of $2.6M, and assets of $15.6M (revenue +171.4% year-over-year).
- 2020: Revenue of $2.2M, expenses of $3.6M, and assets of $13.8M (revenue +49.3% year-over-year).
- 2019: Revenue of $1.5M, expenses of $2.2M, and assets of $15.2M (revenue -39.4% year-over-year).
- 2016: Revenue of $2.4M, expenses of $1.4M, and assets of $17.5M (revenue +18.7% year-over-year).
- 2015: Revenue of $2.0M, expenses of $1.1M, and assets of $16.4M (revenue -22.2% year-over-year).
- 2014: Revenue of $2.6M, expenses of $1.5M, and assets of $15.5M (revenue -24.9% year-over-year).
- 2013: Revenue of $3.5M, expenses of $739K, and assets of $14.3M (revenue +554.2% year-over-year).
- 2012: Revenue of $536K, expenses of $2.8M, and assets of $11.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Andrew J & Joyce D Mandell Family Foundation Inc:
Data Sources and Methodology
This transparency report for Andrew J & Joyce D Mandell Family Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.