Andrew P Caneza Family Foundation Inc

Andrew P Caneza Family Foundation Inc. operates with zero officer compensation and a strong asset base despite recent operating deficits.

EIN: 201602745 · Longwood, FL · NTEE: T21 · Updated: 2026-03-28

$1.3MRevenue

$16.9MAssets

85/100Mission Score (Excellent)

T21

About Andrew P Caneza Family Foundation Inc

Andrew P Caneza Family Foundation Inc (EIN: 201602745) is a nonprofit organization based in Longwood, FL, classified under NTEE code T21. The organization reported total revenue of $1.3M and total assets of $16.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Andrew P Caneza Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Andrew P Caneza Family Foundation Inc. exhibits a fluctuating financial profile, typical of a private foundation that primarily makes grants. In 2023, the organization reported revenue of $594,001 against expenses of $1,297,019, indicating a deficit for the year. This follows a similar trend in 2022 where expenses ($884,622) exceeded revenue ($827,447). However, the foundation experienced a significant revenue spike in 2021, reporting $14,621,630, which substantially boosted its assets to over $18 million, demonstrating a capacity for substantial financial inflows. The foundation consistently reports zero officer compensation, which is a positive indicator for donor confidence regarding executive pay. Its liabilities have consistently been reported as $1, suggesting a very strong balance sheet with minimal debt.

The foundation's spending efficiency, while not explicitly detailed in terms of program vs. administrative costs in the provided data, can be inferred to be focused on its mission given the nature of a family foundation and the absence of officer compensation. The consistent reporting of minimal liabilities and the growth in assets over time, despite annual fluctuations in revenue, suggest prudent financial management. Transparency is generally good, with consistent IRS 990 filings over a long period, allowing for public scrutiny of its financial activities. The NTEE code T21 (Private Grantmaking Foundations) aligns with its operational profile.

Overall, while the foundation has experienced periods of negative net income, its substantial asset base of $17,286,000 in 2023 provides a strong buffer. The lack of officer compensation and minimal liabilities are significant strengths. The primary financial activity appears to be grantmaking, which is the core function of such a foundation, and its ability to attract significant capital, as seen in 2021, demonstrates its potential for impact.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Andrew P Caneza Family Foundation Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 90%
fundraising: 0%

According to IRS 990 filings, Andrew P Caneza Family Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the foundation, which is highly favorable for resource allocation.

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 P Caneza Family Foundation Inc's IRS 990 filings:

Consistent operating deficits in recent years (2022, 2023) where expenses exceeded revenue.

Strengths

The following positive indicators were identified for Andrew P Caneza Family Foundation Inc:

Zero officer compensation across all reported periods.
Strong and growing asset base, reaching $17,286,000 in 2023.
Minimal liabilities ($1 consistently reported), indicating no significant debt.
Significant revenue generation capacity demonstrated in 2021 ($14,621,630).

Frequently Asked Questions about Andrew P Caneza Family Foundation Inc

Is the Andrew P Caneza Family Foundation Inc. financially stable?

Yes, despite recent operating deficits in 2022 and 2023, the foundation maintains a strong financial position with assets of $17,286,000 in 2023 and minimal liabilities, providing a substantial buffer.

How does the foundation manage executive compensation?

The foundation reports 0% officer compensation in all available filings, meaning no salaries are paid to its officers, which is a strong indicator of efficient resource use.

What caused the significant revenue spike in 2021?

In 2021, the foundation reported an exceptional revenue of $14,621,630, which significantly increased its assets. This could be due to a large donation, investment gains, or a significant transfer of funds, though the specific source is not detailed in the provided data.

Does the foundation have significant debt?

No, the foundation consistently reports liabilities of only $1 across all filings, indicating virtually no debt and a very healthy balance sheet.

Filing History

IRS 990 filing history for Andrew P Caneza Family Foundation Inc showing financial trends over 10 years of public records:

Total assets increased by 871.8% over the same period, from $1.8M to $17.3M. Total functional expenses rose by 954%, from $123K to $1.3M. In its most recent filing year (2023), Andrew P Caneza Family Foundation Inc reported a deficit of $703K, with expenses exceeding revenue. The organization holds $1 in liabilities against $17.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $17.3M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$594K	$1.3M	$17.3M	$1	—	—
2022	$827K	$885K	$18.0M	$1	—	View 990
2021	$14.6M	$576K	$18.0M	$1	—	View 990
2020	$-13,678	$256K	$4.0M	$1	—	—
2019	$785K	$207K	$4.3M	$1	—	—
2015	$58K	$117K	$1.5M	$1	—	View 990
2014	$41K	$95K	$1.5M	$1	—	View 990
2013	$-43,913	$100K	$1.6M	$1	—	View 990
2012	$21K	$90K	$1.7M	$1	—	View 990
2011	$-44,860	$123K	$1.8M	$1	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $594K, expenses of $1.3M, and assets of $17.3M (revenue -28.2% year-over-year).
2022: Revenue of $827K, expenses of $885K, and assets of $18.0M (revenue -94.3% year-over-year).
2021: Revenue of $14.6M, expenses of $576K, and assets of $18.0M.
2020: Revenue of $-13,678, expenses of $256K, and assets of $4.0M (revenue -101.7% year-over-year).
2019: Revenue of $785K, expenses of $207K, and assets of $4.3M (revenue +1244.9% year-over-year).
2015: Revenue of $58K, expenses of $117K, and assets of $1.5M (revenue +41.7% year-over-year).
2014: Revenue of $41K, expenses of $95K, and assets of $1.5M.
2013: Revenue of $-43,913, expenses of $100K, and assets of $1.6M (revenue -310.5% year-over-year).
2012: Revenue of $21K, expenses of $90K, and assets of $1.7M.
2011: Revenue of $-44,860, expenses of $123K, and assets of $1.8M.

Data Sources and Methodology

This transparency report for Andrew P Caneza 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.