James P & Genevieve M Mclaughlin Family Foundation
James P & Genevieve M Mclaughlin Family Foundation consistently operates with minimal liabilities and no officer compensation.
EIN: 133335298 · Farmington, CT · Updated: 2026-03-28
Is James P & Genevieve M Mclaughlin Family Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
James P & Genevieve M Mclaughlin Family Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About James P & Genevieve M Mclaughlin Family Foundation
James P & Genevieve M Mclaughlin Family Foundation (EIN: 133335298) is a nonprofit organization based in Farmington, CT. The organization reported total revenue of $1.1M and total assets of $2.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of James P & Genevieve M Mclaughlin Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates James P & Genevieve M Mclaughlin 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, James P & Genevieve M Mclaughlin Family Foundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries are paid to officers. This suggests an extremely efficient use of funds, with resources likely directed entirely towards the foundation's charitable purpose.
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.
Strengths
The following positive indicators were identified for James P & Genevieve M Mclaughlin Family Foundation:
- No officer compensation reported across all filings, indicating high efficiency.
- Minimal liabilities, often reported as $1, demonstrating strong financial health.
- Consistent filing of IRS Form 990s, showing good transparency.
- Stable asset base, consistently above $2.4 million, providing long-term financial security.
Frequently Asked Questions about James P & Genevieve M Mclaughlin Family Foundation
Is James P & Genevieve M Mclaughlin Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, James P & Genevieve M Mclaughlin Family Foundation (EIN: 133335298) appears legitimate. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
How does James P & Genevieve M Mclaughlin Family Foundation spend its money?
James P & Genevieve M Mclaughlin Family Foundation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to James P & Genevieve M Mclaughlin Family Foundation tax-deductible?
James P & Genevieve M Mclaughlin Family Foundation is registered as a tax-exempt nonprofit (EIN: 133335298). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the James P & Genevieve M Mclaughlin Family Foundation a good charity?
Based on the available data, the foundation appears to be a good charity. It consistently files its IRS 990s, maintains a strong asset base, and most notably, reports 0% officer compensation, suggesting a very high proportion of funds are directed towards its mission.
How has the foundation's financial health changed over time?
The foundation has maintained a stable financial position over time. While revenues and expenses fluctuate annually (e.g., revenue of $649,198 and expenses of $787,428 in 202406), its asset base has consistently remained above $2.4 million, indicating long-term stability despite some year-to-year operating deficits.
What is the foundation's approach to executive compensation?
The foundation's approach to executive compensation is to pay none. All available filings show 0% officer compensation, which is a strong indicator of efficiency and a commitment to directing resources to its charitable activities.
Filing History
IRS 990 filing history for James P & Genevieve M Mclaughlin Family Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2024), James P & Genevieve M Mclaughlin Family Foundation's revenue has grown by 426.1%, moving from $123K to $649K. Total assets decreased by 40.1% over the same period, from $4.1M to $2.4M. Total functional expenses rose by 112.8%, from $370K to $787K. In its most recent filing year (2024), James P & Genevieve M Mclaughlin Family Foundation reported a deficit of $138K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $649K | $787K | $2.4M | $1 | — | View 990 |
| 2023 | $749K | $753K | $2.6M | $1 | — | — |
| 2022 | $684K | $843K | $2.6M | $1 | — | View 990 |
| 2021 | $590K | $649K | $2.7M | $1 | — | View 990 |
| 2020 | $446K | $560K | $2.8M | $0 | — | View 990 |
| 2019 | $443K | $538K | $2.9M | $0 | — | View 990 |
| 2015 | $403K | $421K | $3.7M | $2K | — | View 990 |
| 2014 | $376K | $411K | $3.7M | $4K | — | View 990 |
| 2013 | $153K | $370K | $3.7M | $0 | — | View 990 |
| 2012 | $125K | $375K | $3.9M | $4K | — | View 990 |
| 2011 | $123K | $370K | $4.1M | $563 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $649K, expenses of $787K, and assets of $2.4M (revenue -13.3% year-over-year).
- 2023: Revenue of $749K, expenses of $753K, and assets of $2.6M (revenue +9.5% year-over-year).
- 2022: Revenue of $684K, expenses of $843K, and assets of $2.6M (revenue +15.9% year-over-year).
- 2021: Revenue of $590K, expenses of $649K, and assets of $2.7M (revenue +32.5% year-over-year).
- 2020: Revenue of $446K, expenses of $560K, and assets of $2.8M (revenue +0.5% year-over-year).
- 2019: Revenue of $443K, expenses of $538K, and assets of $2.9M (revenue +9.9% year-over-year).
- 2015: Revenue of $403K, expenses of $421K, and assets of $3.7M (revenue +7.3% year-over-year).
- 2014: Revenue of $376K, expenses of $411K, and assets of $3.7M (revenue +145.8% year-over-year).
- 2013: Revenue of $153K, expenses of $370K, and assets of $3.7M (revenue +21.9% year-over-year).
- 2012: Revenue of $125K, expenses of $375K, and assets of $3.9M (revenue +1.6% year-over-year).
- 2011: Revenue of $123K, expenses of $370K, and assets of $4.1M.
Data Sources and Methodology
This transparency report for James P & Genevieve M Mclaughlin 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.