Bertuzzi Family Foundation
Bertuzzi Family Foundation consistently spends more than it earns, drawing down assets.
EIN: 203864006 · Wilmington, DE · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $284K |
| Total Expenses | $353K |
| Program Spending | 80% |
| Net Assets | $2.8M |
| Transparency Score | 65/100 |
Is Bertuzzi Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bertuzzi Family Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bertuzzi Family Foundation
Bertuzzi Family Foundation (EIN: 203864006) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T20. The organization reported total revenue of $284K and total assets of $2.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bertuzzi Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bertuzzi Family Foundation is a small nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $258K |
| Total Expenses | $353K |
| Surplus / Deficit | $-95,038 |
| Total Assets | $2.8M |
| Total Liabilities | $1 |
| Net Assets | $2.8M |
| Operating Margin | -36.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 95.9 months |
Financial Health Grade: B
In 2023, Bertuzzi Family Foundation reported a deficit of $95K with expenses exceeding revenue, holds 95.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Bertuzzi Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +132.4% | -0.4% | -3.3% |
| 2022 | -81.2% | -8.2% | -7.7% |
| 2021 | +15.3% | +8.4% | +6.9% |
| 2020 | +5.3% | +14.7% | +5.6% |
| 2019 | -47.6% | +144.4% | +107.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Bertuzzi Family Foundation with a Mission Score of 65 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Bertuzzi Family Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $95K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is a positive sign for donor confidence.
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 Bertuzzi Family Foundation's IRS 990 filings:
- Consistent deficit spending in recent years (e.g., 2023 expenses $353,341 vs. revenue $258,303).
- Declining asset base from $3.16M in 2021 to $2.82M in 2023 due to spending exceeding revenue.
Strengths
The following positive indicators were identified for Bertuzzi Family Foundation:
- Zero reported officer compensation across all filings, indicating efficient executive overhead.
- Long history of IRS 990 filings (10 filings), demonstrating consistent transparency.
- Maintains a substantial asset base ($2.75M latest reported) providing a buffer for operations.
Frequently Asked Questions about Bertuzzi Family Foundation
Is Bertuzzi Family Foundation a legitimate charity?
Bertuzzi Family Foundation (EIN: 203864006) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $284K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Bertuzzi Family Foundation spend its money?
Bertuzzi Family Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Bertuzzi Family Foundation tax-deductible?
Bertuzzi Family Foundation is registered as a tax-exempt nonprofit (EIN: 203864006). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Bertuzzi Family Foundation's spending goes to programs?
Bertuzzi Family Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Bertuzzi Family Foundation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Bertuzzi Family Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bertuzzi Family Foundation located?
Bertuzzi Family Foundation is headquartered in Wilmington, Delaware and files with the IRS under EIN 203864006. It is classified under NTEE code T20.
How many years of IRS 990 filings does Bertuzzi Family Foundation have?
Bertuzzi Family Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $284K in total revenue.
Is the Bertuzzi Family Foundation financially stable?
While the foundation holds significant assets ($2,822,372 in 2023), its recent trend of expenses exceeding revenue (e.g., $353,341 expenses vs. $258,303 revenue in 2023) suggests a declining financial stability if this pattern continues without a change in revenue generation or spending.
What is the foundation's primary source of funding?
The provided data only shows 'Revenue' without specific breakdowns. Given its NTEE code (T20 - Grantmaking Foundations), it's likely funded by investment income from its endowment or contributions from a founding family, but specific sources are not detailed.
How does the foundation's spending efficiency compare to similar organizations?
Without detailed expense breakdowns (program, administrative, fundraising) from the provided data, a direct comparison of spending efficiency is challenging. However, the consistent 0% officer compensation is a positive indicator of low overhead in that specific area.
Why have assets been declining in recent years?
Assets have declined from a peak of $3,161,141 in 2021 to $2,822,372 in 2023 primarily because the foundation's expenses have consistently outpaced its revenues in these periods, requiring it to draw from its asset base to cover operations and grants.
Filing History
IRS 990 filing history for Bertuzzi Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Bertuzzi Family Foundation's revenue has grown by 18.4%, moving from $218K to $258K. Total assets increased by 251.9% over the same period, from $802K to $2.8M. Total functional expenses rose by 9.9%, from $322K to $353K. In its most recent filing year (2023), Bertuzzi Family Foundation reported a deficit of $95K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $258K | $353K | $2.8M | $1 | — | View 990 |
| 2022 | $111K | $355K | $2.9M | $1 | — | — |
| 2021 | $591K | $386K | $3.2M | $1 | — | View 990 |
| 2020 | $513K | $356K | $3.0M | $1 | — | View 990 |
| 2019 | $487K | $311K | $2.8M | $0 | — | View 990 |
| 2015 | $929K | $127K | $1.4M | $0 | — | View 990 |
| 2014 | $35K | $149K | $548K | $0 | — | View 990 |
| 2013 | $17K | $157K | $662K | $0 | — | View 990 |
| 2012 | $308K | $308K | $802K | $1 | — | View 990 |
| 2011 | $218K | $322K | $802K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $258K, expenses of $353K, and assets of $2.8M (revenue +132.4% year-over-year).
- 2022: Revenue of $111K, expenses of $355K, and assets of $2.9M (revenue -81.2% year-over-year).
- 2021: Revenue of $591K, expenses of $386K, and assets of $3.2M (revenue +15.3% year-over-year).
- 2020: Revenue of $513K, expenses of $356K, and assets of $3.0M (revenue +5.3% year-over-year).
- 2019: Revenue of $487K, expenses of $311K, and assets of $2.8M (revenue -47.6% year-over-year).
- 2015: Revenue of $929K, expenses of $127K, and assets of $1.4M (revenue +2536.9% year-over-year).
- 2014: Revenue of $35K, expenses of $149K, and assets of $548K (revenue +105.3% year-over-year).
- 2013: Revenue of $17K, expenses of $157K, and assets of $662K (revenue -94.4% year-over-year).
- 2012: Revenue of $308K, expenses of $308K, and assets of $802K (revenue +41.2% year-over-year).
- 2011: Revenue of $218K, expenses of $322K, and assets of $802K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bertuzzi Family Foundation:
Data Sources and Methodology
This transparency report for Bertuzzi Family 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.