Faye And Michael Richardson Charitable Richardson J Michael Tte
Faye And Michael Richardson Charitable Trust operates with substantial assets but minimal to negative revenue, distributing funds from its endowment.
EIN: 137044993 · Lyme, CT · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $234K |
| Program Spending | 90% |
| Net Assets | $2.0M |
| Transparency Score | 70/100 |
Search Intent Cockpit
Faye And Michael Richardson Charitable Richardson J Michael Tte Form 990, Revenue, CEO Pay, and IRS Filing Signals
Faye And Michael Richardson Charitable Richardson J Michael Tte is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Faye And Michael Richardson Charitable Richardson J Michael Tte in one place.
Form 990 Filing Summary
5 filing years are available, with latest revenue of $-45,350 and expenses of $234K.
Revenue and Expenses
Revenue, expense, and surplus data is shown where available from IRS 990 records.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
70/100 mission score, 2 red flags, and 3 strengths are shown from structured and AI review.
Is Faye And Michael Richardson Charitable Richardson J Michael Tte Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $210K (90%) |
Across stored filings, Faye And Michael Richardson Charitable Richardson J Michael Tte shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade B | 5 stored filing years |
| Peer context | Compare with Teen Center Of Wilton Inc | Connecticut and category context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
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Local and Sector Spokes
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Lyme, CT nonprofitsFollow the Money
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Keep the Investigation Moving
Faye And Michael Richardson Charitable Richardson J Michael Tte directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Faye And Michael Richardson Charitable Richardson J Michael Tte
Faye And Michael Richardson Charitable Richardson J Michael Tte (EIN: 137044993) is a nonprofit organization based in Lyme, CT. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Faye And Michael Richardson Charitable Richardson J Michael Tte's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Faye And Michael Richardson Charitable Richardson J Michael Tte is a micro nonprofit, with 5 years of IRS 990 filings on record (2012–2016).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | -168.9% | +2.6% | -12.3% |
| 2015 | +74.8% | +9.8% | -6.7% |
| 2013 | -126.0% | +44.3% | -8.1% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Faye And Michael Richardson Charitable Richardson J Michael Tte with a Mission Score of 70 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Faye And Michael Richardson Charitable Richardson J Michael Tte 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.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% of expenses across all available filings, indicating that no officers or key employees are receiving salaries from the organization. This is common for smaller private foundations where trustees may serve in a voluntary capacity.
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 Faye And Michael Richardson Charitable Richardson J Michael Tte's IRS 990 filings:
- Consistent negative or near-zero revenue, indicating no public support or significant investment losses in some years.
- NTEE Code is unknown, which limits understanding of its specific charitable focus without further investigation.
Strengths
The following positive indicators were identified for Faye And Michael Richardson Charitable Richardson J Michael Tte:
- Substantial and stable asset base, ranging from $1.99 million to $2.83 million, providing long-term financial stability.
- Zero officer compensation, indicating that leadership serves on a voluntary basis, which can maximize funds for charitable purposes.
- Low administrative overhead, as implied by the nature of a private foundation primarily distributing grants.
Frequently Asked Questions about Faye And Michael Richardson Charitable Richardson J Michael Tte
Is Faye And Michael Richardson Charitable Richardson J Michael Tte a legitimate charity?
Faye And Michael Richardson Charitable Richardson J Michael Tte (EIN: 137044993) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 70/100. It has 5 years of IRS 990 filings on record. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Faye And Michael Richardson Charitable Richardson J Michael Tte spend its money?
Faye And Michael Richardson Charitable Richardson J Michael Tte directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Faye And Michael Richardson Charitable Richardson J Michael Tte tax-deductible?
Faye And Michael Richardson Charitable Richardson J Michael Tte is registered as a tax-exempt nonprofit (EIN: 137044993). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Faye And Michael Richardson Charitable Richardson J Michael Tte located?
Faye And Michael Richardson Charitable Richardson J Michael Tte is headquartered in Lyme, Connecticut and files with the IRS under EIN 137044993.
How many years of IRS 990 filings does Faye And Michael Richardson Charitable Richardson J Michael Tte have?
Faye And Michael Richardson Charitable Richardson J Michael Tte has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
What are the specific programs or grants funded by the Faye And Michael Richardson Charitable Trust?
The provided data does not detail the specific programs or grants funded by the organization. Further investigation into the full IRS 990-PF filings would be necessary to understand its charitable distributions.
Why does the organization consistently report negative or very low revenue?
As a private foundation, its 'revenue' might primarily consist of investment income, which can fluctuate. Negative revenue, as seen in 2016 ($-45,350) and 2013 ($-10,484), could indicate investment losses or significant expenses offsetting minimal income in those periods. It's not actively fundraising for public support.
What is the nature of the $1 liability consistently reported?
The consistent reporting of $1 in liabilities is highly unusual and likely a placeholder or a simplified reporting convention for a private foundation, rather than a true reflection of its financial obligations. It suggests minimal operational debt.
Filing History
IRS 990 filing history for Faye And Michael Richardson Charitable Richardson J Michael Tte showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2012–2016), Faye And Michael Richardson Charitable Richardson J Michael Tte's revenue has declined by 212.6%, moving from $40K to $-45,350. Total assets decreased by 29.7% over the same period, from $2.8M to $2.0M. Total functional expenses rose by 54.9%, from $151K to $234K. The organization holds $1 in liabilities against $2.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $-45,350 | $234K | $2.0M | $1 | — | View 990 |
| 2015 | $66K | $228K | $2.3M | $1 | — | View 990 |
| 2014 | $38K | $207K | $2.4M | $1 | — | View 990 |
| 2013 | $-10,484 | $218K | $2.6M | $1 | — | View 990 |
| 2012 | $40K | $151K | $2.8M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $-45,350, expenses of $234K, and assets of $2.0M (revenue -168.9% year-over-year).
- 2015: Revenue of $66K, expenses of $228K, and assets of $2.3M (revenue +74.8% year-over-year).
- 2014: Revenue of $38K, expenses of $207K, and assets of $2.4M.
- 2013: Revenue of $-10,484, expenses of $218K, and assets of $2.6M (revenue -126.0% year-over-year).
- 2012: Revenue of $40K, expenses of $151K, and assets of $2.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Faye And Michael Richardson Charitable Richardson J Michael Tte:
Data Sources and Methodology
This transparency report for Faye And Michael Richardson Charitable Richardson J Michael Tte 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.