Jean & Julien Levy Foundation For The Arts Inc
Jean & Julien Levy Foundation: Declining Assets, Minimal Program Spending
EIN: 222647001 · Newtown, CT · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.6M |
| Total Expenses | $317K |
| Net Assets | $1.2M |
| Transparency Score | 40/100 |
Is Jean & Julien Levy Foundation For The Arts Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Jean & Julien Levy Foundation For The Arts Inc
Jean & Julien Levy Foundation For The Arts Inc (EIN: 222647001) is a nonprofit organization based in Newtown, CT. The organization reported total revenue of $1.6M and total assets of $767K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Jean & Julien Levy Foundation For The Arts Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Jean & Julien Levy Foundation For The Arts Inc is a mid-size nonprofit that has been operating for 41 years, with 11 years of IRS 990 filings on record (2011–2024).
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $45K |
| Total Expenses | $317K |
| Surplus / Deficit | $-271,406 |
| Total Assets | $1.2M |
| Total Liabilities | $52 |
| Net Assets | $1.2M |
| Operating Margin | -600.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 43.9 months |
Financial Health Grade: B
In 2024, Jean & Julien Levy Foundation For The Arts Inc reported a deficit of $271K with expenses exceeding revenue, holds 43.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -45.5% | -17.6% | -19.0% |
| 2023 | -78.1% | +159.5% | -17.4% |
| 2022 | +191.7% | -5.2% | +15.3% |
| 2021 | +44.4% | +5.9% | -1.7% |
| 2020 | -35.2% | +3.4% | -9.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
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 Jean & Julien Levy Foundation For The Arts Inc with a Mission Score of 40 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Jean & Julien Levy Foundation For The Arts Inc allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $271K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is not reported in the provided data, as indicated by 'c0%' in the filings, suggesting no direct compensation to officers, directors, trustees, or key employees.
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 Jean & Julien Levy Foundation For The Arts Inc's IRS 990 filings:
- Zero program service expenses reported for all available years, raising questions about direct charitable impact.
- Significant decline in total assets over the past decade, from $1,745,564 to $766,669.
- Consistent 100% administrative spending with no reported fundraising, which is unusual for a foundation.
Strengths
The following positive indicators were identified for Jean & Julien Levy Foundation For The Arts Inc:
- No reported executive compensation, which can be a positive for donor confidence.
- Low liabilities reported across all years, indicating financial stability in terms of debt.
Frequently Asked Questions about Jean & Julien Levy Foundation For The Arts Inc
Is Jean & Julien Levy Foundation For The Arts Inc a legitimate charity?
Jean & Julien Levy Foundation For The Arts Inc (EIN: 222647001) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 40/100. It has 11 years of IRS 990 filings on record. Total revenue: $1.6M. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Jean & Julien Levy Foundation For The Arts Inc spend its money?
Jean & Julien Levy Foundation For The Arts Inc reported $1.6M in total revenue in IRS 990 filings. 11 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Jean & Julien Levy Foundation For The Arts Inc tax-deductible?
Jean & Julien Levy Foundation For The Arts Inc is registered as a tax-exempt nonprofit (EIN: 222647001). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Jean & Julien Levy Foundation For The Arts Inc located?
Jean & Julien Levy Foundation For The Arts Inc is headquartered in Newtown, Connecticut and files with the IRS under EIN 222647001.
How many years of IRS 990 filings does Jean & Julien Levy Foundation For The Arts Inc have?
Jean & Julien Levy Foundation For The Arts Inc has 11 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 $1.6M in total revenue.
What does Jean & Julien Levy Foundation For The Arts Inc do?
Jean & Julien Levy Foundation For The Arts Inc is a nonprofit organization in the Unknown sector, located in Newtown, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Jean & Julien Levy Foundation For The Arts Inc have?
Jean & Julien Levy Foundation For The Arts Inc reported total revenue of $1,555,295. Based on 11 IRS 990 filings on record.
What are Jean & Julien Levy Foundation For The Arts Inc's total assets?
Jean & Julien Levy Foundation For The Arts Inc holds total assets of $766,669 as reported in IRS 990 filings.
Where is Jean & Julien Levy Foundation For The Arts Inc located?
Jean & Julien Levy Foundation For The Arts Inc is based in Newtown, Connecticut.
What is Jean & Julien Levy Foundation For The Arts Inc's EIN?
Jean & Julien Levy Foundation For The Arts Inc's Employer Identification Number (EIN) is 222647001. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Jean & Julien Levy Foundation For The Arts Inc?
Jean & Julien Levy Foundation For The Arts Inc is classified under NTEE code Unknown (Unknown).
Is Jean & Julien Levy Foundation For The Arts Inc a registered 501(c)(3)?
Jean & Julien Levy Foundation For The Arts Inc appears in IRS records (EIN: 222647001). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Jean & Julien Levy Foundation For The Arts Inc file IRS Form 990?
Yes, Jean & Julien Levy Foundation For The Arts Inc has 11 IRS Form 990 filings on record. The most recent covers tax period 202405.
What was Jean & Julien Levy Foundation For The Arts Inc's revenue in 2024?
In the 202405 filing period, Jean & Julien Levy Foundation For The Arts Inc reported total revenue of $45,191, total expenses of $316,597, and net assets of $1,157,301.
Is Jean & Julien Levy Foundation For The Arts Inc's revenue growing or declining?
Jean & Julien Levy Foundation For The Arts Inc's revenue is declining. Revenue went from $82,893 (202305) to $45,191 (202405), a -45.5% change. Based on 11 filings on record.
What is Jean & Julien Levy Foundation For The Arts Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Jean & Julien Levy Foundation For The Arts Inc covers tax period 202405. It shows revenue of $45,191, expenses of $316,597, total assets of $1,157,301, and liabilities of $52.
Is Jean & Julien Levy Foundation For The Arts Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Jean & Julien Levy Foundation For The Arts Inc shows mixed signals. Mission Score: 40/100 (Fair). 3 red flags identified. 2 strengths noted.
What are the red flags for Jean & Julien Levy Foundation For The Arts Inc?
The following concerns were identified: Zero program service expenses reported for all available years, raising questions about direct charitable impact.. Significant decline in total assets over the past decade, from $1,745,564 to $766,669.. Consistent 100% administrative spending with no reported fundraising, which is unusual for a foundation.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Jean & Julien Levy Foundation For The Arts Inc's strengths?
Positive indicators for Jean & Julien Levy Foundation For The Arts Inc include: No reported executive compensation, which can be a positive for donor confidence.. Low liabilities reported across all years, indicating financial stability in terms of debt.. These findings are derived from AI analysis of the organization's financial filings.
How does Jean & Julien Levy Foundation For The Arts Inc compensate executives?
Executive compensation is not reported in the provided data, as indicated by 'c0%' in the filings, suggesting no direct compensation to officers, directors, trustees, or key employees. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of 0% program service expenses and declining assets, what is the long-term strategy for the foundation's charitable purpose and asset preservation?
The data suggests the foundation is primarily managing its endowment without engaging in direct program activities or significant grantmaking. The declining assets indicate a potential draw-down or investment losses without corresponding charitable output.
How does the foundation justify 100% administrative spending without any reported program activities or fundraising efforts?
The 100% administrative spending likely covers operational costs related to asset management and compliance, rather than program delivery. Without program expenses, the administrative costs are not supporting direct charitable work.
Filing History
IRS 990 filing history for Jean & Julien Levy Foundation For The Arts Inc showing financial trends over 11 years of public records:
Total assets decreased by 41.1% over the same period, from $2.0M to $1.2M. Total functional expenses rose by 126.3%, from $140K to $317K. In its most recent filing year (2024), Jean & Julien Levy Foundation For The Arts Inc reported a deficit of $271K, with expenses exceeding revenue. The organization holds $52 in liabilities against $1.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $45K | $317K | $1.2M | $52 | — | View 990 |
| 2023 | $83K | $384K | $1.4M | $52 | — | View 990 |
| 2022 | $378K | $148K | $1.7M | $47 | — | View 990 |
| 2021 | $130K | $156K | $1.5M | $46 | — | — |
| 2020 | $90K | $147K | $1.5M | $0 | — | View 990 |
| 2016 | $139K | $142K | $1.7M | $0 | — | View 990 |
| 2015 | $106K | $153K | $1.7M | $0 | — | View 990 |
| 2014 | $88K | $128K | $1.7M | $0 | — | View 990 |
| 2013 | $36K | $133K | $1.8M | $0 | — | View 990 |
| 2012 | $55K | $139K | $1.9M | $125 | — | View 990 |
| 2011 | $-206,076 | $140K | $2.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $45K, expenses of $317K, and assets of $1.2M (revenue -45.5% year-over-year).
- 2023: Revenue of $83K, expenses of $384K, and assets of $1.4M (revenue -78.1% year-over-year).
- 2022: Revenue of $378K, expenses of $148K, and assets of $1.7M (revenue +191.7% year-over-year).
- 2021: Revenue of $130K, expenses of $156K, and assets of $1.5M (revenue +44.4% year-over-year).
- 2020: Revenue of $90K, expenses of $147K, and assets of $1.5M (revenue -35.2% year-over-year).
- 2016: Revenue of $139K, expenses of $142K, and assets of $1.7M (revenue +30.8% year-over-year).
- 2015: Revenue of $106K, expenses of $153K, and assets of $1.7M (revenue +20.0% year-over-year).
- 2014: Revenue of $88K, expenses of $128K, and assets of $1.7M (revenue +144.3% year-over-year).
- 2013: Revenue of $36K, expenses of $133K, and assets of $1.8M (revenue -34.3% year-over-year).
- 2012: Revenue of $55K, expenses of $139K, and assets of $1.9M.
- 2011: Revenue of $-206,076, expenses of $140K, and assets of $2.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Jean & Julien Levy Foundation For The Arts Inc:
Data Sources and Methodology
This transparency report for Jean & Julien Levy Foundation 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.