Louis P Ciminelli Family Foundation
Louis P Ciminelli Family Foundation maintains stable assets with fluctuating revenue and no reported officer compensation.
EIN: 204411791 · Buffalo, NY · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.0M |
| Total Expenses | $357K |
| Program Spending | 90% |
| Net Assets | $10.5M |
| Transparency Score | 90/100 |
Is Louis P Ciminelli Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Louis P Ciminelli Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Louis P Ciminelli Family Foundation
Louis P Ciminelli Family Foundation (EIN: 204411791) is a nonprofit organization based in Buffalo, NY, classified under NTEE code T22. The organization reported total revenue of $3.0M and total assets of $10.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Louis P Ciminelli Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Louis P Ciminelli Family Foundation is a mid-size nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -11.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $531K |
| Total Expenses | $357K |
| Surplus / Deficit | +$174K |
| Total Assets | $10.5M |
| Total Liabilities | $1 |
| Net Assets | $10.5M |
| Operating Margin | 32.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 354.8 months |
Financial Health Grade: A
In 2023, Louis P Ciminelli Family Foundation reported a surplus of $174K with revenue exceeding expenses, holds 354.8 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 (2011–2023), Louis P Ciminelli Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -11.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +26.0% | +7.6% | +1.8% |
| 2022 | -63.1% | -47.5% | +1.0% |
| 2021 | +49.7% | -40.9% | +5.3% |
| 2020 | +43.3% | +52.5% | -2.9% |
| 2019 | +81.1% | -42.3% | -5.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Louis P Ciminelli 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Louis P Ciminelli Family Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 surplus of $174K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly efficient for a foundation of its size.
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 Louis P Ciminelli Family Foundation's IRS 990 filings:
- Significant year-over-year revenue fluctuations, indicating potential unpredictability in funding.
Strengths
The following positive indicators were identified for Louis P Ciminelli Family Foundation:
- Consistent asset base above $10 million, providing financial stability.
- Zero reported officer compensation, indicating high efficiency in administrative costs.
- Minimal liabilities ($1 across all filings), demonstrating excellent financial health and low debt.
- Expenses consistently below revenue in recent years (e.g., 2023: $356,690 expenses vs. $531,031 revenue), allowing for asset growth.
Frequently Asked Questions about Louis P Ciminelli Family Foundation
Is Louis P Ciminelli Family Foundation a legitimate charity?
Louis P Ciminelli Family Foundation (EIN: 204411791) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 10 years of IRS 990 filings on record. Total revenue: $3.0M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Louis P Ciminelli Family Foundation spend its money?
Louis P Ciminelli Family Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Louis P Ciminelli Family Foundation tax-deductible?
Louis P Ciminelli Family Foundation is registered as a tax-exempt nonprofit (EIN: 204411791). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Louis P Ciminelli Family Foundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Louis P Ciminelli Family 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 Louis P Ciminelli Family Foundation located?
Louis P Ciminelli Family Foundation is headquartered in Buffalo, New York and files with the IRS under EIN 204411791. It is classified under NTEE code T22.
How many years of IRS 990 filings does Louis P Ciminelli Family Foundation have?
Louis P Ciminelli Family 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 $3.0M in total revenue.
How does the foundation manage its fluctuating revenue streams?
The foundation appears to manage fluctuating revenue by maintaining a strong asset base, which has consistently been over $10 million, allowing it to absorb periods of lower income while continuing its operations.
What are the primary program areas supported by the foundation?
Based on the NTEE code T22 (Foundations, Philanthropy, and Grantmaking), the foundation primarily engages in grantmaking and philanthropic activities, supporting other non-profits or initiatives.
Does the foundation have a strong reserve fund?
With assets consistently over $10 million and minimal liabilities ($1), the foundation appears to have a very strong reserve fund relative to its annual expenses, which were $356,690 in 2023.
What is the foundation's strategy for growth or expansion?
While specific growth strategies are not detailed in the provided financial data, the consistent asset base and positive net income in most recent years suggest a focus on sustainable grantmaking rather than aggressive expansion.
Filing History
IRS 990 filing history for Louis P Ciminelli Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Louis P Ciminelli Family Foundation's revenue has declined by 76.2%, moving from $2.2M to $531K. Total assets increased by 12.7% over the same period, from $9.4M to $10.5M. Total functional expenses fell by 51.9%, from $742K to $357K. In its most recent filing year (2023), Louis P Ciminelli Family Foundation reported a surplus of $174K, with revenue exceeding expenses. The organization holds $1 in liabilities against $10.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $10.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $531K | $357K | $10.5M | $1 | — | View 990 |
| 2022 | $422K | $332K | $10.4M | $1 | — | View 990 |
| 2021 | $1.1M | $632K | $10.3M | $1 | — | View 990 |
| 2020 | $763K | $1.1M | $9.7M | $1 | — | — |
| 2019 | $532K | $701K | $10.0M | $1 | — | View 990 |
| 2015 | $294K | $1.2M | $10.6M | $1 | — | View 990 |
| 2014 | $892K | $981K | $11.5M | $1 | — | View 990 |
| 2013 | $1.8M | $1.0M | $11.5M | $1 | — | View 990 |
| 2012 | $2.3M | $1.0M | $10.7M | $1 | — | View 990 |
| 2011 | $2.2M | $742K | $9.4M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $531K, expenses of $357K, and assets of $10.5M (revenue +26.0% year-over-year).
- 2022: Revenue of $422K, expenses of $332K, and assets of $10.4M (revenue -63.1% year-over-year).
- 2021: Revenue of $1.1M, expenses of $632K, and assets of $10.3M (revenue +49.7% year-over-year).
- 2020: Revenue of $763K, expenses of $1.1M, and assets of $9.7M (revenue +43.3% year-over-year).
- 2019: Revenue of $532K, expenses of $701K, and assets of $10.0M (revenue +81.1% year-over-year).
- 2015: Revenue of $294K, expenses of $1.2M, and assets of $10.6M (revenue -67.1% year-over-year).
- 2014: Revenue of $892K, expenses of $981K, and assets of $11.5M (revenue -49.8% year-over-year).
- 2013: Revenue of $1.8M, expenses of $1.0M, and assets of $11.5M (revenue -23.9% year-over-year).
- 2012: Revenue of $2.3M, expenses of $1.0M, and assets of $10.7M (revenue +4.5% year-over-year).
- 2011: Revenue of $2.2M, expenses of $742K, and assets of $9.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Louis P Ciminelli Family Foundation:
Data Sources and Methodology
This transparency report for Louis P Ciminelli 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.