Attilio And Beverly Petrocelli Foundation
Attilio And Beverly Petrocelli Foundation consistently grows assets with zero reported officer compensation.
EIN: 201690418 · Great Neck, NY · NTEE: T22 · Updated: 2026-03-28
Is Attilio And Beverly Petrocelli Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Attilio And Beverly Petrocelli Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Attilio And Beverly Petrocelli Foundation
Attilio And Beverly Petrocelli Foundation (EIN: 201690418) is a nonprofit organization based in Great Neck, NY, classified under NTEE code T22. The organization reported total revenue of $10.2M and total assets of $31.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Attilio And Beverly Petrocelli Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Attilio And Beverly Petrocelli Foundation with a Mission Score of 90 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Attilio And Beverly Petrocelli Foundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The foundation consistently reports 0% officer compensation across all available filings, indicating that its leadership likely serves on a voluntary basis or that compensation is covered by other means, which is highly efficient for an organization with assets exceeding $31 million.
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.
Strengths
The following positive indicators were identified for Attilio And Beverly Petrocelli Foundation:
- Zero reported officer compensation, indicating high efficiency.
- Consistent growth in assets, from $6,985,716 in 2011 to $27,693,286 in 2023, demonstrating strong financial management.
- Revenue consistently exceeds expenses, ensuring long-term sustainability.
- Minimal liabilities ($0 or $1) across all filings, indicating sound financial health.
- Consistent IRS 990 filing history, demonstrating good transparency.
Frequently Asked Questions about Attilio And Beverly Petrocelli Foundation
Is Attilio And Beverly Petrocelli Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Attilio And Beverly Petrocelli Foundation (EIN: 201690418) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Attilio And Beverly Petrocelli Foundation spend its money?
Attilio And Beverly Petrocelli Foundation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Attilio And Beverly Petrocelli Foundation tax-deductible?
Attilio And Beverly Petrocelli Foundation is registered as a tax-exempt nonprofit (EIN: 201690418). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Attilio And Beverly Petrocelli Foundation financially stable?
Yes, the foundation is highly financially stable. Its assets have grown significantly from $6,985,716 in 2011 to $27,693,286 in 2023, and it consistently generates more revenue than expenses, with minimal liabilities.
How much of the foundation's money goes to executive salaries?
The foundation reports 0% officer compensation across all available IRS 990 filings, indicating that no executive salaries are paid from the foundation's funds.
Does the foundation have a strong program focus?
Given the 0% officer compensation and minimal liabilities, it is highly probable that the vast majority of the foundation's expenses are directed towards its programmatic mission, suggesting a strong program focus.
Filing History
IRS 990 filing history for Attilio And Beverly Petrocelli Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Attilio And Beverly Petrocelli Foundation's revenue has grown by 212.9%, moving from $1.6M to $4.9M. Total assets increased by 296.4% over the same period, from $7.0M to $27.7M. Total functional expenses rose by 363.8%, from $369K to $1.7M. In its most recent filing year (2023), Attilio And Beverly Petrocelli Foundation reported a surplus of $3.2M, with revenue exceeding expenses. The organization holds $1 in liabilities against $27.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $27.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $4.9M | $1.7M | $27.7M | $1 | — | — |
| 2022 | $2.6M | $1.7M | $24.1M | $1 | — | View 990 |
| 2021 | $2.5M | $1.6M | $28.1M | $1 | — | View 990 |
| 2020 | $3.0M | $2.2M | $22.6M | $1 | — | View 990 |
| 2019 | $4.2M | $2.3M | $23.3M | $0 | — | View 990 |
| 2015 | $1.6M | $732K | $11.5M | $0 | — | View 990 |
| 2014 | $1.9M | $632K | $10.6M | $0 | — | View 990 |
| 2013 | $1.7M | $516K | $9.3M | $0 | — | View 990 |
| 2012 | $1.7M | $354K | $8.2M | $0 | — | View 990 |
| 2011 | $1.6M | $369K | $7.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.9M, expenses of $1.7M, and assets of $27.7M (revenue +85.5% year-over-year).
- 2022: Revenue of $2.6M, expenses of $1.7M, and assets of $24.1M (revenue +3.7% year-over-year).
- 2021: Revenue of $2.5M, expenses of $1.6M, and assets of $28.1M (revenue -15.4% year-over-year).
- 2020: Revenue of $3.0M, expenses of $2.2M, and assets of $22.6M (revenue -27.8% year-over-year).
- 2019: Revenue of $4.2M, expenses of $2.3M, and assets of $23.3M (revenue +158.4% year-over-year).
- 2015: Revenue of $1.6M, expenses of $732K, and assets of $11.5M (revenue -13.3% year-over-year).
- 2014: Revenue of $1.9M, expenses of $632K, and assets of $10.6M (revenue +9.2% year-over-year).
- 2013: Revenue of $1.7M, expenses of $516K, and assets of $9.3M (revenue +2.8% year-over-year).
- 2012: Revenue of $1.7M, expenses of $354K, and assets of $8.2M (revenue +5.8% year-over-year).
- 2011: Revenue of $1.6M, expenses of $369K, and assets of $7.0M.
Data Sources and Methodology
This transparency report for Attilio And Beverly Petrocelli Foundation 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.