Frank J Guarini Foundation Inc
EIN: 223677856 · Iselin, NJ · NTEE: T20
| Metric | Value |
|---|---|
| Total Revenue | $299K |
| Total Expenses | $71K |
| Net Assets | $2.5M |
Is Frank J Guarini Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Frank J Guarini Foundation Inc
Frank J Guarini Foundation Inc (EIN: 223677856) is a nonprofit organization based in Iselin, NJ, classified under NTEE code T20. The organization reported total revenue of $299K and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Frank J Guarini Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Frank J Guarini Foundation Inc is a small nonprofit that has been operating for 27 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $306K |
| Total Expenses | $71K |
| Surplus / Deficit | +$235K |
| Total Assets | $2.5M |
| Total Liabilities | $1 |
| Net Assets | $2.5M |
| Operating Margin | 76.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 427.3 months |
Financial Health Grade: A
In 2023, Frank J Guarini Foundation Inc reported a surplus of $235K with revenue exceeding expenses, holds 427.3 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), Frank J Guarini Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -5.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +28.1% | +97.0% | +9.4% |
| 2022 | +957.3% | -64.2% | +9.0% |
| 2021 | -86.6% | -15.2% | -4.1% |
| 2020 | -88.6% | -12.6% | +1.7% |
| 2019 | +168.2% | -16.8% | +27.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Frank J Guarini Foundation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Frank J Guarini Foundation Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $235K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Frank J Guarini Foundation Inc
Is Frank J Guarini Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Frank J Guarini Foundation Inc (EIN: 223677856) insufficient data. 0 red flags identified, 0 strengths noted.
How does Frank J Guarini Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Frank J Guarini Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Frank J Guarini Foundation Inc tax-deductible?
Frank J Guarini Foundation Inc is registered as a tax-exempt nonprofit (EIN: 223677856). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Frank J Guarini Foundation Inc located?
Frank J Guarini Foundation Inc is headquartered in Iselin, New Jersey and files with the IRS under EIN 223677856. It is classified under NTEE code T20.
How many years of IRS 990 filings does Frank J Guarini Foundation Inc have?
Frank J Guarini Foundation 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 $299K in total revenue.
Filing History
IRS 990 filing history for Frank J Guarini Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Frank J Guarini Foundation Inc's revenue has declined by 47.9%, moving from $587K to $306K. Total assets increased by 364.9% over the same period, from $547K to $2.5M. Total functional expenses fell by 93.8%, from $1.1M to $71K. In its most recent filing year (2023), Frank J Guarini Foundation Inc reported a surplus of $235K, with revenue exceeding expenses. The organization holds $1 in liabilities against $2.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $306K | $71K | $2.5M | $1 | — | — |
| 2022 | $239K | $36K | $2.3M | $1 | — | View 990 |
| 2021 | $23K | $101K | $2.1M | $1 | — | View 990 |
| 2020 | $168K | $119K | $2.2M | $1 | — | — |
| 2019 | $1.5M | $137K | $2.2M | $0 | — | View 990 |
| 2015 | $553K | $164K | $1.7M | $0 | — | View 990 |
| 2014 | $92K | $127K | $1.3M | $0 | — | View 990 |
| 2013 | $870K | $559K | $1.4M | $0 | — | View 990 |
| 2012 | $1.2M | $694K | $1.1M | $0 | — | View 990 |
| 2011 | $587K | $1.1M | $547K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $306K, expenses of $71K, and assets of $2.5M (revenue +28.1% year-over-year).
- 2022: Revenue of $239K, expenses of $36K, and assets of $2.3M (revenue +957.3% year-over-year).
- 2021: Revenue of $23K, expenses of $101K, and assets of $2.1M (revenue -86.6% year-over-year).
- 2020: Revenue of $168K, expenses of $119K, and assets of $2.2M (revenue -88.6% year-over-year).
- 2019: Revenue of $1.5M, expenses of $137K, and assets of $2.2M (revenue +168.2% year-over-year).
- 2015: Revenue of $553K, expenses of $164K, and assets of $1.7M (revenue +502.5% year-over-year).
- 2014: Revenue of $92K, expenses of $127K, and assets of $1.3M (revenue -89.5% year-over-year).
- 2013: Revenue of $870K, expenses of $559K, and assets of $1.4M (revenue -28.7% year-over-year).
- 2012: Revenue of $1.2M, expenses of $694K, and assets of $1.1M (revenue +107.9% year-over-year).
- 2011: Revenue of $587K, expenses of $1.1M, and assets of $547K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Frank J Guarini Foundation Inc:
Data Sources and Methodology
This transparency report for Frank J Guarini Foundation 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.