John P And Lawrence J Giacoletto Foundation
John P And Lawrence J Giacoletto Foundation maintains stable assets and reports no officer compensation over a decade.
EIN: 201777917 · Marion, IA · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.1M |
| Total Expenses | $499K |
| Program Spending | 85% |
| Net Assets | $8.8M |
| Transparency Score | 88/100 |
Is John P And Lawrence J Giacoletto Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
John P And Lawrence J Giacoletto Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About John P And Lawrence J Giacoletto Foundation
John P And Lawrence J Giacoletto Foundation (EIN: 201777917) is a nonprofit organization based in Marion, IA, classified under NTEE code T22. The organization reported total revenue of $2.1M and total assets of $9.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of John P And Lawrence J Giacoletto Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
John P And Lawrence J Giacoletto Foundation is a mid-size nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $401K |
| Total Expenses | $499K |
| Surplus / Deficit | $-98,485 |
| Total Assets | $8.8M |
| Total Liabilities | $3K |
| Net Assets | $8.8M |
| Operating Margin | -24.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 212.6 months |
Financial Health Grade: B
In 2023, John P And Lawrence J Giacoletto Foundation reported a deficit of $98K with expenses exceeding revenue, holds 212.6 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), John P And Lawrence J Giacoletto Foundation's revenue has declined at a compound annual growth rate (CAGR) of -3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -17.3% | +3.6% | -7.4% |
| 2022 | +2.0% | -9.3% | -3.5% |
| 2021 | +6.1% | +19.9% | +6.1% |
| 2020 | +5.8% | +9.4% | +2.2% |
| 2019 | +3.3% | -13.0% | +16.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 John P And Lawrence J Giacoletto Foundation with a Mission Score of 88 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, John P And Lawrence J Giacoletto Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $98K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the foundation's leadership is either entirely volunteer-based or compensated through mechanisms not categorized as officer compensation, which is highly favorable for resource allocation.
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 John P And Lawrence J Giacoletto Foundation's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data, making precise efficiency analysis difficult.
Strengths
The following positive indicators were identified for John P And Lawrence J Giacoletto Foundation:
- Consistent financial stability with assets around $9 million.
- Extremely low liabilities, indicating strong financial management.
- 0% reported officer compensation across all filings, suggesting high efficiency in leadership costs.
- Long history of IRS 990 filings (10 filings), indicating good transparency.
- Consistent asset growth from $7.3 million in 2011 to $9.1 million in 2023.
Frequently Asked Questions about John P And Lawrence J Giacoletto Foundation
Is John P And Lawrence J Giacoletto Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, John P And Lawrence J Giacoletto Foundation (EIN: 201777917) some concerns. Mission Score: 88/100. 1 red flag identified, 5 strengths noted.
How does John P And Lawrence J Giacoletto Foundation spend its money?
John P And Lawrence J Giacoletto Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to John P And Lawrence J Giacoletto Foundation tax-deductible?
John P And Lawrence J Giacoletto Foundation is registered as a tax-exempt nonprofit (EIN: 201777917). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of John P And Lawrence J Giacoletto Foundation's spending goes to programs?
John P And Lawrence J Giacoletto Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does John P And Lawrence J Giacoletto Foundation compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), John P And Lawrence J Giacoletto Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is John P And Lawrence J Giacoletto Foundation located?
John P And Lawrence J Giacoletto Foundation is headquartered in Marion, Iowa and files with the IRS under EIN 201777917. It is classified under NTEE code T22.
How many years of IRS 990 filings does John P And Lawrence J Giacoletto Foundation have?
John P And Lawrence J Giacoletto Foundation 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 $2.1M in total revenue.
Is the John P And Lawrence J Giacoletto Foundation financially stable?
Yes, the foundation demonstrates strong financial stability with assets consistently around $9 million over the past decade and very low liabilities, typically under $6,000.
How much does the foundation spend on executive salaries?
The foundation reports 0% officer compensation in all available IRS 990 filings, suggesting no direct executive salaries are paid or reported in this category.
What is the trend in the foundation's revenue and expenses?
Annual revenues have generally ranged from $400,000 to $600,000, with expenses closely tracking revenue. For example, in 2023, revenue was $400,678 and expenses were $499,163.
Filing History
IRS 990 filing history for John P And Lawrence J Giacoletto Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), John P And Lawrence J Giacoletto Foundation's revenue has declined by 35.8%, moving from $624K to $401K. Total assets increased by 21% over the same period, from $7.3M to $8.8M. Total functional expenses rose by 31.6%, from $379K to $499K. In its most recent filing year (2023), John P And Lawrence J Giacoletto Foundation reported a deficit of $98K, with expenses exceeding revenue. The organization holds $3K in liabilities against $8.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $8.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $401K | $499K | $8.8M | $3K | — | — |
| 2022 | $484K | $482K | $9.5M | $2K | — | View 990 |
| 2021 | $475K | $531K | $9.9M | $6K | — | View 990 |
| 2020 | $448K | $443K | $9.3M | $2K | — | — |
| 2019 | $423K | $405K | $9.1M | $4K | — | View 990 |
| 2015 | $410K | $465K | $7.8M | $2K | — | View 990 |
| 2014 | $554K | $498K | $8.2M | $1K | — | View 990 |
| 2013 | $550K | $493K | $8.2M | $1 | — | View 990 |
| 2012 | $509K | $382K | $8.1M | $1 | — | View 990 |
| 2011 | $624K | $379K | $7.3M | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $401K, expenses of $499K, and assets of $8.8M (revenue -17.3% year-over-year).
- 2022: Revenue of $484K, expenses of $482K, and assets of $9.5M (revenue +2.0% year-over-year).
- 2021: Revenue of $475K, expenses of $531K, and assets of $9.9M (revenue +6.1% year-over-year).
- 2020: Revenue of $448K, expenses of $443K, and assets of $9.3M (revenue +5.8% year-over-year).
- 2019: Revenue of $423K, expenses of $405K, and assets of $9.1M (revenue +3.3% year-over-year).
- 2015: Revenue of $410K, expenses of $465K, and assets of $7.8M (revenue -26.0% year-over-year).
- 2014: Revenue of $554K, expenses of $498K, and assets of $8.2M (revenue +0.6% year-over-year).
- 2013: Revenue of $550K, expenses of $493K, and assets of $8.2M (revenue +8.1% year-over-year).
- 2012: Revenue of $509K, expenses of $382K, and assets of $8.1M (revenue -18.4% year-over-year).
- 2011: Revenue of $624K, expenses of $379K, and assets of $7.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for John P And Lawrence J Giacoletto Foundation:
Data Sources and Methodology
This transparency report for John P And Lawrence J Giacoletto 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.