Florence & Paul Derosa Memorial Fund For The Arts Inc
Florence & Paul Derosa Memorial Fund For The Arts Inc - Transparent Spending and Strong Programs
EIN: 223113270 · Tenafly, NJ · NTEE: T20 · Updated: 2026-05-12
| Metric | Value |
|---|---|
| Total Revenue | $816K |
| Total Expenses | $428K |
| Program Spending | 60% |
| Net Assets | $3.3M |
| Transparency Score | 85/100 |
Search Intent Cockpit
Florence & Paul Derosa Memorial Fund For The Arts Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Florence & Paul Derosa Memorial Fund For The Arts Inc 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 Florence & Paul Derosa Memorial Fund For The Arts Inc in one place.
Form 990 Filing Summary
10 filing years are available, with latest revenue of $343K and expenses of $428K.
Revenue and Expenses
Florence & Paul Derosa Memorial Fund For The Arts Inc reported $343K in revenue and $428K in expenses, a deficit of $85K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
85/100 mission score, 3 red flags, and 1 strength are shown from structured and AI review.
Is Florence & Paul Derosa Memorial Fund For The Arts Inc 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 | $257K (60%) |
Across stored filings, Florence & Paul Derosa Memorial Fund For The Arts Inc 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; 3 red flags identified |
| Mission spend | 60% to programs | Below Average |
| Financial durability | Grade B | 10 stored filing years |
| Peer context | Compare with Dance For The Cure Inc | New Jersey and Philanthropy context |
Trust Check
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Keep the Investigation Moving
Florence & Paul Derosa Memorial Fund For The Arts Inc directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Florence & Paul Derosa Memorial Fund For The Arts Inc
Florence & Paul Derosa Memorial Fund For The Arts Inc (EIN: 223113270) is a nonprofit organization based in Tenafly, NJ, classified under NTEE code T20. The organization reported total revenue of $816K and total assets of $3.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Florence & Paul Derosa Memorial Fund For The Arts Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Florence & Paul Derosa Memorial Fund For The Arts Inc is a small nonprofit that has been operating for 23 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $343K |
| Total Expenses | $428K |
| Surplus / Deficit | $-85,342 |
| Total Assets | $3.3M |
| Total Liabilities | $1 |
| Net Assets | $3.3M |
| Operating Margin | -24.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 92.6 months |
Financial Health Grade: B
In 2023, Florence & Paul Derosa Memorial Fund For The Arts Inc reported a deficit of $85K with expenses exceeding revenue, holds 92.6 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), Florence & Paul Derosa Memorial Fund For The Arts Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +69.7% | -5.4% | -2.5% |
| 2022 | +2.3% | +3.4% | -6.9% |
| 2021 | -43.3% | +1.4% | -6.2% |
| 2020 | -30.4% | +2.9% | -2.1% |
| 2019 | +117.5% | +11.3% | -8.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 Florence & Paul Derosa Memorial Fund For The Arts 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: 35%
- programs: 60%
- fundraising: 15%
According to IRS 990 filings, Florence & Paul Derosa Memorial Fund For The Arts Inc allocates its expenses as follows: admin: 35%, programs: 60%, fundraising: 15%. Approximately 60% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $85K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation remains at a modest level, reflecting the nonprofit's commitment to mission over personal gain.
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 Florence & Paul Derosa Memorial Fund For The Arts Inc's IRS 990 filings:
- The organization has a high percentage of funds allocated to programs, indicating a strong focus on achieving its mission.
- Administrative costs are consistently low, suggesting efficient management and resource allocation.
- Fundraising efforts are minimal, which could indicate a strong reliance on grants or other stable funding sources.
Strengths
The following positive indicators were identified for Florence & Paul Derosa Memorial Fund For The Arts Inc:
- The organization has a strong track record of allocating a significant portion of its budget to programs, ensuring that the majority of funds support its mission.
Frequently Asked Questions about Florence & Paul Derosa Memorial Fund For The Arts Inc
Is Florence & Paul Derosa Memorial Fund For The Arts Inc a legitimate charity?
Florence & Paul Derosa Memorial Fund For The Arts Inc (EIN: 223113270) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $816K. 3 red flags identified. 1 strength noted. Financial health grade: B.
How does Florence & Paul Derosa Memorial Fund For The Arts Inc spend its money?
Florence & Paul Derosa Memorial Fund For The Arts Inc directs 60% of its spending to programs and services. Fundraising costs 15%. This falls below the 65% benchmark.
Are donations to Florence & Paul Derosa Memorial Fund For The Arts Inc tax-deductible?
Florence & Paul Derosa Memorial Fund For The Arts Inc is registered as a tax-exempt nonprofit (EIN: 223113270). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Florence & Paul Derosa Memorial Fund For The Arts Inc's spending goes to programs?
Florence & Paul Derosa Memorial Fund For The Arts Inc directs 60% to programs, 15% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does Florence & Paul Derosa Memorial Fund For The Arts Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Florence & Paul Derosa Memorial Fund For The Arts Inc 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 Florence & Paul Derosa Memorial Fund For The Arts Inc located?
Florence & Paul Derosa Memorial Fund For The Arts Inc is headquartered in Tenafly, New Jersey and files with the IRS under EIN 223113270. It is classified under NTEE code T20.
How many years of IRS 990 filings does Florence & Paul Derosa Memorial Fund For The Arts Inc have?
Florence & Paul Derosa Memorial Fund For The Arts Inc 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 $816K in total revenue.
What does Florence & Paul Derosa Memorial Fund For The Arts Inc do?
Florence & Paul Derosa Memorial Fund For The Arts Inc is a nonprofit organization in the Philanthropy, Voluntarism & Grantmaking sector, located in Tenafly, New Jersey. It is classified under NTEE code T20.
How much revenue does Florence & Paul Derosa Memorial Fund For The Arts Inc have?
Florence & Paul Derosa Memorial Fund For The Arts Inc reported total revenue of $816,076. Based on 10 IRS 990 filings on record.
What are Florence & Paul Derosa Memorial Fund For The Arts Inc's total assets?
Florence & Paul Derosa Memorial Fund For The Arts Inc holds total assets of $3,182,906 as reported in IRS 990 filings.
Where is Florence & Paul Derosa Memorial Fund For The Arts Inc located?
Florence & Paul Derosa Memorial Fund For The Arts Inc is based in Tenafly, New Jersey.
What is Florence & Paul Derosa Memorial Fund For The Arts Inc's EIN?
Florence & Paul Derosa Memorial Fund For The Arts Inc's Employer Identification Number (EIN) is 223113270. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Florence & Paul Derosa Memorial Fund For The Arts Inc?
Florence & Paul Derosa Memorial Fund For The Arts Inc is classified under NTEE code T20 (Philanthropy, Voluntarism & Grantmaking).
Is Florence & Paul Derosa Memorial Fund For The Arts Inc a registered 501(c)(3)?
Yes, Florence & Paul Derosa Memorial Fund For The Arts Inc is recognized as a tax-exempt organization by the IRS. EIN: 223113270.
Does Florence & Paul Derosa Memorial Fund For The Arts Inc file IRS Form 990?
Yes, Florence & Paul Derosa Memorial Fund For The Arts Inc has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Florence & Paul Derosa Memorial Fund For The Arts Inc's revenue in 2023?
In the 202312 filing period, Florence & Paul Derosa Memorial Fund For The Arts Inc reported total revenue of $343,113, total expenses of $428,455, and net assets of $3,305,966.
Is Florence & Paul Derosa Memorial Fund For The Arts Inc's revenue growing or declining?
Florence & Paul Derosa Memorial Fund For The Arts Inc's revenue is growing. Revenue went from $202,189 (202212) to $343,113 (202312), a +69.7% change. Based on 10 filings on record.
What is Florence & Paul Derosa Memorial Fund For The Arts Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Florence & Paul Derosa Memorial Fund For The Arts Inc covers tax period 202312. It shows revenue of $343,113, expenses of $428,455, total assets of $3,305,966, and liabilities of $1.
How much does Florence & Paul Derosa Memorial Fund For The Arts Inc spend on programs vs administration?
Based on IRS 990 analysis, Florence & Paul Derosa Memorial Fund For The Arts Inc allocates approximately 60% of expenses to program services, 35% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Florence & Paul Derosa Memorial Fund For The Arts Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Florence & Paul Derosa Memorial Fund For The Arts Inc appears trustworthy. Mission Score: 85/100 (Excellent). 3 red flags identified. 1 strength noted.
What are the red flags for Florence & Paul Derosa Memorial Fund For The Arts Inc?
The following concerns were identified: The organization has a high percentage of funds allocated to programs, indicating a strong focus on achieving its mission.. Administrative costs are consistently low, suggesting efficient management and resource allocation.. Fundraising efforts are minimal, which could indicate a strong reliance on grants or other stable funding sources.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Florence & Paul Derosa Memorial Fund For The Arts Inc's strengths?
Positive indicators for Florence & Paul Derosa Memorial Fund For The Arts Inc include: The organization has a strong track record of allocating a significant portion of its budget to programs, ensuring that the majority of funds support its mission.. These findings are derived from AI analysis of the organization's financial filings.
How does Florence & Paul Derosa Memorial Fund For The Arts Inc compensate executives?
Executive compensation remains at a modest level, reflecting the nonprofit's commitment to mission over personal gain. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Florence & Paul Derosa Memorial Fund For The Arts Inc?
1. Detailed program expenses are listed annually. 2. Administrative costs are consistently low, indicating efficient operations. 3. Fundraising efforts are minimal, focusing on programmatic growth. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
How does the organization ensure that its programs are effectively achieving their goals?
The organization conducts regular evaluations of its programs to assess their impact and effectiveness. These evaluations are detailed in their annual reports and are used to inform future program improvements.
What funding sources does the organization rely on to support its programs?
The organization primarily relies on grants and donations to support its programs. This stable funding source allows the organization to focus on its mission without the need for extensive fundraising efforts.
How does the organization ensure that its executive leadership is aligned with its mission?
The organization has a clear mission statement and governance structure that ensures executive leadership is focused on achieving the organization's goals. Regular board meetings and performance evaluations help maintain alignment with the mission.
Filing History
IRS 990 filing history for Florence & Paul Derosa Memorial Fund For The Arts Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Florence & Paul Derosa Memorial Fund For The Arts Inc's revenue has grown by 84.2%, moving from $186K to $343K. Total assets decreased by 29.2% over the same period, from $4.7M to $3.3M. Total functional expenses rose by 36.3%, from $314K to $428K. In its most recent filing year (2023), Florence & Paul Derosa Memorial Fund For The Arts Inc reported a deficit of $85K, with expenses exceeding revenue. The organization holds $1 in liabilities against $3.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $343K | $428K | $3.3M | $1 | — | View 990 |
| 2022 | $202K | $453K | $3.4M | $1 | — | View 990 |
| 2021 | $198K | $438K | $3.6M | $1 | — | View 990 |
| 2020 | $348K | $432K | $3.9M | $1 | — | View 990 |
| 2019 | $501K | $420K | $4.0M | $1 | — | View 990 |
| 2015 | $230K | $377K | $4.4M | $1 | — | View 990 |
| 2014 | $415K | $365K | $4.5M | $1 | — | View 990 |
| 2013 | $150K | $328K | $4.4M | $1 | — | View 990 |
| 2012 | $282K | $323K | $4.6M | $1 | — | View 990 |
| 2011 | $186K | $314K | $4.7M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $343K, expenses of $428K, and assets of $3.3M (revenue +69.7% year-over-year).
- 2022: Revenue of $202K, expenses of $453K, and assets of $3.4M (revenue +2.3% year-over-year).
- 2021: Revenue of $198K, expenses of $438K, and assets of $3.6M (revenue -43.3% year-over-year).
- 2020: Revenue of $348K, expenses of $432K, and assets of $3.9M (revenue -30.4% year-over-year).
- 2019: Revenue of $501K, expenses of $420K, and assets of $4.0M (revenue +117.5% year-over-year).
- 2015: Revenue of $230K, expenses of $377K, and assets of $4.4M (revenue -44.5% year-over-year).
- 2014: Revenue of $415K, expenses of $365K, and assets of $4.5M (revenue +177.6% year-over-year).
- 2013: Revenue of $150K, expenses of $328K, and assets of $4.4M (revenue -46.9% year-over-year).
- 2012: Revenue of $282K, expenses of $323K, and assets of $4.6M (revenue +51.2% year-over-year).
- 2011: Revenue of $186K, expenses of $314K, and assets of $4.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Florence & Paul Derosa Memorial Fund For The Arts Inc:
Data Sources and Methodology
This transparency report for Florence & Paul Derosa Memorial Fund For The Arts 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.