Destefano Family Foundation

Destefano Family Foundation maintains substantial assets with negligible liabilities and no reported officer compensation.

EIN: 207133790 · Rye, NH · NTEE: T20 · Updated: 2026-03-28

$1.2MRevenue

$2.8MAssets

90/100Mission Score (Excellent)

T20

About Destefano Family Foundation

Destefano Family Foundation (EIN: 207133790) is a nonprofit organization based in Rye, NH, classified under NTEE code T20. The organization reported total revenue of $1.2M and total assets of $2.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Destefano Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Destefano Family Foundation appears to be a private foundation, as indicated by its NTEE code T20 (Private Grantmaking Foundations) and its financial patterns. Over the past decade, the foundation has shown inconsistent revenue, with significant spikes in 2020 ($1,183,997) and 2013 ($2,358,553), contrasting with much lower figures in other years, such as $64,287 in 2023. Expenses have generally been modest, ranging from $86,201 in 2011 to $279,376 in 2022. The foundation consistently maintains substantial assets, peaking at $3,322,673 in 2021, suggesting a strong endowment for its grantmaking activities. Liabilities have been negligible, consistently reported as $0 or $1, indicating a very healthy balance sheet.

Spending efficiency is difficult to fully assess without a detailed breakdown of program service expenses versus administrative and fundraising costs, which are not provided in the summary data. However, as a private foundation, its primary 'program' is grantmaking. The absence of officer compensation across all reported years is a positive indicator of efficient use of funds, as it suggests that administrative overhead related to executive salaries is non-existent or covered by other means. The foundation's assets have grown significantly from $1,098,126 in 2011 to $2,974,556 in 2023, demonstrating sound financial management and growth of its endowment.

Transparency, based solely on the provided data, is adequate in terms of filing its IRS 990s. The consistent reporting of $0 officer compensation is a clear and positive transparency point. However, without more granular expense data, it's challenging to fully evaluate the efficiency of its grantmaking operations beyond the high-level revenue and expense figures. The foundation's consistent asset base and minimal liabilities suggest a stable and well-managed entity, focused on its long-term grantmaking mission.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Destefano Family 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: 10%
programs: 90%
fundraising: 0%

According to IRS 990 filings, Destefano Family Foundation 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

The Destefano Family Foundation consistently reports 0% officer compensation across all ten years of filings, indicating that no executive salaries are paid from the foundation's funds, which is highly efficient for an organization of its asset size.

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 Destefano Family Foundation's IRS 990 filings:

Lack of detailed expense breakdown in provided data makes full efficiency analysis challenging.

Strengths

The following positive indicators were identified for Destefano Family Foundation:

Consistent and substantial asset base, growing from $1.09M in 2011 to $2.97M in 2023.
Negligible liabilities ($0 or $1 across all filings) indicating strong financial health.
0% officer compensation reported across all ten years, demonstrating high efficiency in executive overhead.
Clear focus as a private grantmaking foundation (NTEE T20).

Frequently Asked Questions about Destefano Family Foundation

What is the primary purpose of the Destefano Family Foundation's expenses?

As a private grantmaking foundation (NTEE T20), the primary purpose of its expenses would be grants and contributions to other organizations, along with necessary administrative costs to manage its assets and operations.

Why is the revenue so inconsistent year-to-year?

Inconsistent revenue for a private foundation often reflects fluctuating investment returns, capital gains, or occasional large contributions from founding family members or related entities, rather than public fundraising.

How does the foundation manage to have $0 officer compensation?

This could be due to several reasons: officers are volunteers, administrative services are provided pro bono, or compensation is paid by a related entity and not directly by the foundation, or the foundation is managed by an external firm whose fees are categorized differently.

Is the foundation financially stable given its fluctuating revenue?

Yes, despite fluctuating revenue, the foundation appears financially stable due to its consistent and substantial asset base, which has grown from $1.09 million in 2011 to nearly $3 million in 2023, and its negligible liabilities.

Filing History

IRS 990 filing history for Destefano Family Foundation showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Destefano Family Foundation's revenue has grown by 89.6%, moving from $34K to $64K. Total assets increased by 170.9% over the same period, from $1.1M to $3.0M. Total functional expenses rose by 120.1%, from $86K to $190K. In its most recent filing year (2023), Destefano Family Foundation reported a deficit of $125K, with expenses exceeding revenue. The organization holds $1 in liabilities against $3.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.0M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$64K	$190K	$3.0M	$1	—	—
2022	$52K	$279K	$3.1M	$1	—	View 990
2021	$200K	$102K	$3.3M	$1	—	—
2020	$1.2M	$171K	$3.2M	$1	—	View 990
2019	$113K	$160K	$2.1M	$1	—	View 990
2015	$53K	$171K	$2.5M	$1	—	View 990
2014	$95K	$252K	$2.8M	$0	—	View 990
2013	$2.4M	$123K	$2.9M	$0	—	View 990
2012	$-19,496	$89K	$1.2M	$0	—	View 990
2011	$34K	$86K	$1.1M	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $64K, expenses of $190K, and assets of $3.0M (revenue +22.7% year-over-year).
2022: Revenue of $52K, expenses of $279K, and assets of $3.1M (revenue -73.8% year-over-year).
2021: Revenue of $200K, expenses of $102K, and assets of $3.3M (revenue -83.1% year-over-year).
2020: Revenue of $1.2M, expenses of $171K, and assets of $3.2M (revenue +951.7% year-over-year).
2019: Revenue of $113K, expenses of $160K, and assets of $2.1M (revenue +114.1% year-over-year).
2015: Revenue of $53K, expenses of $171K, and assets of $2.5M (revenue -44.4% year-over-year).
2014: Revenue of $95K, expenses of $252K, and assets of $2.8M (revenue -96.0% year-over-year).
2013: Revenue of $2.4M, expenses of $123K, and assets of $2.9M.
2012: Revenue of $-19,496, expenses of $89K, and assets of $1.2M (revenue -157.5% year-over-year).
2011: Revenue of $34K, expenses of $86K, and assets of $1.1M.

Data Sources and Methodology

This transparency report for Destefano 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.