Lawrence P Castellani Family Foundation
Lawrence P Castellani Family Foundation shows strong asset growth and no officer compensation.
EIN: 166399132 · Sarasota, FL · NTEE: T20Z · Updated: 2026-03-28
Is Lawrence P Castellani Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lawrence P Castellani Family Foundation directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lawrence P Castellani Family Foundation
Lawrence P Castellani Family Foundation (EIN: 166399132) is a nonprofit organization based in Sarasota, FL, classified under NTEE code T20Z. The organization reported total revenue of $839K and total assets of $4.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lawrence P Castellani Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lawrence P Castellani Family Foundation is a small nonprofit that has been operating for 31 years, with 10 years of IRS 990 filings on record (2010–2022). Revenue has grown at a compound annual rate of 11.9%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $420K |
| Surplus / Deficit | +$1.3M |
| Total Assets | $5.6M |
| Total Liabilities | $1 |
| Net Assets | $5.6M |
| Operating Margin | 76.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 158.8 months |
Financial Health Grade: A
In 2022, Lawrence P Castellani Family Foundation reported a surplus of $1.3M with revenue exceeding expenses, holds 158.8 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 (2010–2022), Lawrence P Castellani Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 11.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +47.6% | -36.3% | +34.0% |
| 2021 | -11.7% | -17.7% | +15.1% |
| 2020 | +195.0% | +21.4% | +32.1% |
| 2019 | +224.6% | +79.7% | +1.1% |
| 2015 | -8.6% | +5.9% | -8.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
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 Lawrence P Castellani Family Foundation with a Mission Score of 95 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: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Lawrence P Castellani Family Foundation allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly unusual for a foundation of this size and suggests a volunteer-led or externally managed structure without direct compensation to its leadership.
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 Lawrence P Castellani Family Foundation's IRS 990 filings:
- Lack of detailed program spending breakdown (due to 990-PF structure for private foundations, which often doesn't detail program vs. admin in the same way as public charities)
Strengths
The following positive indicators were identified for Lawrence P Castellani Family Foundation:
- Consistent 0% officer compensation, indicating high efficiency and dedication of resources to mission.
- Strong and consistent asset growth, reaching $5,552,029 in 2022.
- Minimal liabilities ($0 or $1 across all filings), demonstrating excellent financial stability.
- Revenue consistently exceeding expenses in most recent years, contributing to asset accumulation.
- Long filing history (10 filings) indicating sustained operation and transparency.
Frequently Asked Questions about Lawrence P Castellani Family Foundation
Is Lawrence P Castellani Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Lawrence P Castellani Family Foundation (EIN: 166399132) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does Lawrence P Castellani Family Foundation spend its money?
Lawrence P Castellani Family Foundation directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lawrence P Castellani Family Foundation tax-deductible?
Lawrence P Castellani Family Foundation is registered as a tax-exempt nonprofit (EIN: 166399132). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Lawrence P Castellani Family Foundation a good charity?
Based on the available IRS 990 data, the foundation appears to be a very good charity from a financial perspective. It consistently reports no officer compensation, maintains low liabilities, and has shown significant asset growth, indicating efficient use of funds and strong financial health.
How does the foundation manage its administrative costs?
The foundation manages its administrative costs exceptionally well, as evidenced by 0% officer compensation across all reported periods. This suggests that either all administrative functions are performed by volunteers, or any administrative expenses are minimal and not related to executive salaries, allowing more funds to be directed to its mission.
What is the trend in the foundation's assets?
The foundation's assets have shown a strong upward trend, growing from $3,354,898 in 2010 to $5,552,029 in 2022, with a notable increase from $4,143,481 in 2021 to $5,552,029 in 2022. This indicates successful financial management and investment strategies.
Filing History
IRS 990 filing history for Lawrence P Castellani Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2010–2022), Lawrence P Castellani Family Foundation's revenue has grown by 284.4%, moving from $460K to $1.8M. Total assets increased by 65.5% over the same period, from $3.4M to $5.6M. Total functional expenses rose by 140.6%, from $174K to $420K. In its most recent filing year (2022), Lawrence P Castellani Family Foundation reported a surplus of $1.3M, with revenue exceeding expenses. The organization holds $1 in liabilities against $5.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $1.8M | $420K | $5.6M | $1 | — | View 990 |
| 2021 | $1.2M | $659K | $4.1M | $1 | — | View 990 |
| 2020 | $1.4M | $801K | $3.6M | $1 | — | View 990 |
| 2019 | $460K | $660K | $2.7M | $1 | — | View 990 |
| 2015 | $142K | $367K | $2.7M | $0 | — | View 990 |
| 2014 | $155K | $347K | $2.9M | $0 | — | View 990 |
| 2013 | $204K | $358K | $3.1M | $0 | — | View 990 |
| 2012 | $29K | $326K | $3.3M | $0 | — | View 990 |
| 2011 | $728K | $512K | $3.6M | $0 | — | View 990 |
| 2010 | $460K | $174K | $3.4M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $1.8M, expenses of $420K, and assets of $5.6M (revenue +47.6% year-over-year).
- 2021: Revenue of $1.2M, expenses of $659K, and assets of $4.1M (revenue -11.7% year-over-year).
- 2020: Revenue of $1.4M, expenses of $801K, and assets of $3.6M (revenue +195.0% year-over-year).
- 2019: Revenue of $460K, expenses of $660K, and assets of $2.7M (revenue +224.6% year-over-year).
- 2015: Revenue of $142K, expenses of $367K, and assets of $2.7M (revenue -8.6% year-over-year).
- 2014: Revenue of $155K, expenses of $347K, and assets of $2.9M (revenue -24.2% year-over-year).
- 2013: Revenue of $204K, expenses of $358K, and assets of $3.1M (revenue +611.7% year-over-year).
- 2012: Revenue of $29K, expenses of $326K, and assets of $3.3M (revenue -96.1% year-over-year).
- 2011: Revenue of $728K, expenses of $512K, and assets of $3.6M (revenue +58.4% year-over-year).
- 2010: Revenue of $460K, expenses of $174K, and assets of $3.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lawrence P Castellani Family Foundation:
Data Sources and Methodology
This transparency report for Lawrence P Castellani 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.