Lidia Matticchio Bastianich Foundation
Lidia Matticchio Bastianich Foundation reports minimal activity and zero officer compensation across all available IRS 990 filings, with a significant discrepancy in stated latest revenue versus historical records.
EIN: 134090182 · Woodbury, NY · NTEE: T30 · Updated: 2026-03-28
Is Lidia Matticchio Bastianich Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lidia Matticchio Bastianich Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lidia Matticchio Bastianich Foundation
Lidia Matticchio Bastianich Foundation (EIN: 134090182) is a nonprofit organization based in Woodbury, NY, classified under NTEE code T30. The organization reported total revenue of $3.3M and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lidia Matticchio Bastianich 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 Lidia Matticchio Bastianich Foundation with a Mission Score of 50 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: 20%
- programs: 80%
- fundraising: 0%
According to IRS 990 filings, Lidia Matticchio Bastianich Foundation allocates its expenses as follows: admin: 20%, programs: 80%, fundraising: 0%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based or receives no salary, which is highly efficient in terms of overhead.
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 Lidia Matticchio Bastianich Foundation's IRS 990 filings:
- Significant discrepancy between stated 'Latest Revenue' ($3,263,429) and historical filing data (max $25,000 revenue).
- Consistently minimal assets and liabilities ($1) in historical filings, which is atypical.
- Expenses frequently exceed revenue in individual years, indicating potential reliance on undisclosed reserves or funding.
- Lack of clear financial scale and activity based on historical 990 data.
Strengths
The following positive indicators were identified for Lidia Matticchio Bastianich Foundation:
- Zero officer compensation reported across all filings, indicating a volunteer-led structure and high efficiency in executive overhead.
- Low reported expenses in historical filings, suggesting a lean operational model.
Frequently Asked Questions about Lidia Matticchio Bastianich Foundation
Is Lidia Matticchio Bastianich Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Lidia Matticchio Bastianich Foundation (EIN: 134090182) some concerns. Mission Score: 50/100. 4 red flags identified, 2 strengths noted.
How does Lidia Matticchio Bastianich Foundation spend its money?
Lidia Matticchio Bastianich Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lidia Matticchio Bastianich Foundation tax-deductible?
Lidia Matticchio Bastianich Foundation is registered as a tax-exempt nonprofit (EIN: 134090182). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why is there a significant discrepancy between the stated 'Latest Revenue' of $3,263,429 and the highest historical revenue of $25,000 in the provided IRS 990 filings?
This discrepancy requires clarification from the organization. The provided historical 990 data does not support the 'Latest Revenue' figure, making it difficult to accurately assess the organization's current financial scale and activity.
Given the low reported expenses and assets in historical filings, how does the Lidia Matticchio Bastianich Foundation achieve its mission?
The historical filings suggest very limited operational activity and financial resources. It's unclear how substantial programmatic impact could be achieved with such low reported expenses, unless significant activities are funded or conducted outside the scope of these specific filings or through in-kind contributions not fully reflected.
What is the nature of the organization's liabilities, consistently reported as $1?
The consistent reporting of $1 in liabilities is highly unusual and suggests either a very specific accounting practice or that the organization has virtually no financial obligations, which is rare for any entity, even a small nonprofit.
Filing History
IRS 990 filing history for Lidia Matticchio Bastianich Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Lidia Matticchio Bastianich Foundation's revenue has grown by 4900%, moving from $500 to $25K. Total assets decreased by 55.7% over the same period, from $17K to $8K. Total functional expenses rose by 917.8%, from $2K to $18K. In its most recent filing year (2023), Lidia Matticchio Bastianich Foundation reported a surplus of $7K, with revenue exceeding expenses. The organization holds $1 in liabilities against $8K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $8K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $25K | $18K | $8K | $1 | — | View 990 |
| 2022 | $1 | $0 | $444 | $1 | — | View 990 |
| 2021 | $1 | $3K | $444 | $1 | — | View 990 |
| 2020 | $11K | $8K | $4K | $1 | — | View 990 |
| 2019 | $1K | $27K | $694 | $1 | — | View 990 |
| 2015 | $10K | $14K | $2K | $1 | — | View 990 |
| 2014 | $8K | $3K | $6K | $1 | — | View 990 |
| 2013 | $8K | $23K | $934 | $1 | — | View 990 |
| 2012 | $15K | $16K | $16K | $1 | — | View 990 |
| 2011 | $500 | $2K | $17K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $25K, expenses of $18K, and assets of $8K (revenue +2499900.0% year-over-year).
- 2022: Revenue of $1, expenses of $0, and assets of $444 (revenue +0.0% year-over-year).
- 2021: Revenue of $1, expenses of $3K, and assets of $444 (revenue -100.0% year-over-year).
- 2020: Revenue of $11K, expenses of $8K, and assets of $4K (revenue +923.3% year-over-year).
- 2019: Revenue of $1K, expenses of $27K, and assets of $694 (revenue -89.3% year-over-year).
- 2015: Revenue of $10K, expenses of $14K, and assets of $2K (revenue +25.0% year-over-year).
- 2014: Revenue of $8K, expenses of $3K, and assets of $6K (revenue +0.0% year-over-year).
- 2013: Revenue of $8K, expenses of $23K, and assets of $934 (revenue -46.7% year-over-year).
- 2012: Revenue of $15K, expenses of $16K, and assets of $16K (revenue +2900.0% year-over-year).
- 2011: Revenue of $500, expenses of $2K, and assets of $17K.
Data Sources and Methodology
This transparency report for Lidia Matticchio Bastianich 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.