Mario Family Foundation
Mario Family Foundation maintains substantial assets and reports zero officer compensation across all filings.
EIN: 201400656 · Chatham, NJ · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.8M |
| Total Expenses | $2.3M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $25.3M |
| Transparency Score | 90/100 |
Is Mario Family Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mario Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mario Family Foundation
Mario Family Foundation (EIN: 201400656) is a nonprofit organization based in Chatham, NJ, classified under NTEE code T20. The organization reported total revenue of $5.8M and total assets of $26.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mario Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mario Family Foundation is a mid-size nonprofit that has been operating for 29 years, with 11 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 10.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $2.3M |
| Surplus / Deficit | $-73,803 |
| Total Assets | $25.3M |
| Total Liabilities | $1 |
| Net Assets | $25.3M |
| Operating Margin | -3.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 131.1 months |
Financial Health Grade: B
In 2023, Mario Family Foundation reported a deficit of $74K with expenses exceeding revenue, holds 131.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 11 years of filings (2010–2023), Mario Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 10.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +378.2% | -21.8% | +2.6% |
| 2022 | -86.0% | +23.7% | -8.5% |
| 2021 | +99.7% | +17.4% | +2.7% |
| 2020 | -40.6% | +39.0% | -0.6% |
| 2019 | +8.9% | -19.9% | +7.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
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 Mario 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, Mario 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 deficit of $74K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as $0 across all available filings, indicating a volunteer-led executive team or that compensation is covered by an external entity, which is highly favorable for directing funds to the mission.
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.
Strengths
The following positive indicators were identified for Mario Family Foundation:
- Consistent reporting of $0 officer compensation, indicating high efficiency in executive overhead.
- Maintains substantial and stable assets (over $24 million consistently), providing financial security.
- Minimal liabilities across all filings, demonstrating strong financial health and management.
- Long history of IRS 990 filings (11 filings), indicating commitment to transparency and compliance.
Frequently Asked Questions about Mario Family Foundation
Is Mario Family Foundation a legitimate charity?
Mario Family Foundation (EIN: 201400656) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 90/100. It has 11 years of IRS 990 filings on record. Total revenue: $5.8M. No red flags identified. 4 strengths noted. Financial health grade: B.
How does Mario Family Foundation spend its money?
Mario Family Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Mario Family Foundation tax-deductible?
Mario Family Foundation is registered as a tax-exempt nonprofit (EIN: 201400656). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Mario Family Foundation CEO make?
Mario Family Foundation's highest-compensated officer earns $0 annually. The organization reported $5.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Mario Family Foundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Mario Family Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mario Family Foundation located?
Mario Family Foundation is headquartered in Chatham, New Jersey and files with the IRS under EIN 201400656. It is classified under NTEE code T20.
How many years of IRS 990 filings does Mario Family Foundation have?
Mario Family Foundation 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 $5.8M in total revenue.
Is Mario Family Foundation a good charity?
Based on the provided data, the Mario Family Foundation appears to be a well-managed and transparent organization. Its consistent reporting of zero officer compensation and minimal liabilities are strong indicators of good financial stewardship. However, without detailed program spending figures, a complete assessment of its impact efficiency is limited.
How does the foundation manage its assets?
The foundation consistently maintains substantial assets, ranging from approximately $23.7 million to $26.9 million over the past decade. This indicates a stable financial base, likely used to generate investment income or support long-term grantmaking strategies.
What is the trend in the foundation's revenue and expenses?
Revenue has fluctuated significantly, from a low of $468,683 in 2022 to a high of $3,345,680 in 2021. Expenses have been more consistent, generally ranging between $1.3 million and $2.9 million annually, often exceeding revenue in several periods (e.g., 2023, 2022, 2020, 2014, 2013, 2012, 2011), suggesting active deployment of funds, potentially from asset drawdowns or prior year surpluses.
Filing History
IRS 990 filing history for Mario Family Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2010–2023), Mario Family Foundation's revenue has grown by 256.3%, moving from $629K to $2.2M. Total assets increased by 5.8% over the same period, from $23.9M to $25.3M. Total functional expenses rose by 79.1%, from $1.3M to $2.3M. In its most recent filing year (2023), Mario Family Foundation reported a deficit of $74K, with expenses exceeding revenue. The organization holds $1 in liabilities against $25.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $25.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $2.3M | $25.3M | $1 | — | — |
| 2022 | $469K | $3.0M | $24.6M | $1 | — | View 990 |
| 2021 | $3.3M | $2.4M | $26.9M | $1 | — | View 990 |
| 2020 | $1.7M | $2.0M | $26.2M | $1 | — | — |
| 2019 | $2.8M | $1.5M | $26.4M | $1 | — | View 990 |
| 2015 | $2.6M | $1.8M | $24.5M | $0 | — | View 990 |
| 2014 | $1.1M | $1.6M | $23.8M | $1 | — | View 990 |
| 2013 | $729K | $1.4M | $23.9M | $1 | — | View 990 |
| 2012 | $664K | $1.3M | $23.9M | $0 | — | View 990 |
| 2011 | $708K | $1.4M | $24.4M | $0 | — | View 990 |
| 2010 | $629K | $1.3M | $23.9M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $2.3M, and assets of $25.3M (revenue +378.2% year-over-year).
- 2022: Revenue of $469K, expenses of $3.0M, and assets of $24.6M (revenue -86.0% year-over-year).
- 2021: Revenue of $3.3M, expenses of $2.4M, and assets of $26.9M (revenue +99.7% year-over-year).
- 2020: Revenue of $1.7M, expenses of $2.0M, and assets of $26.2M (revenue -40.6% year-over-year).
- 2019: Revenue of $2.8M, expenses of $1.5M, and assets of $26.4M (revenue +8.9% year-over-year).
- 2015: Revenue of $2.6M, expenses of $1.8M, and assets of $24.5M (revenue +143.3% year-over-year).
- 2014: Revenue of $1.1M, expenses of $1.6M, and assets of $23.8M (revenue +46.2% year-over-year).
- 2013: Revenue of $729K, expenses of $1.4M, and assets of $23.9M (revenue +9.8% year-over-year).
- 2012: Revenue of $664K, expenses of $1.3M, and assets of $23.9M (revenue -6.2% year-over-year).
- 2011: Revenue of $708K, expenses of $1.4M, and assets of $24.4M (revenue +12.6% year-over-year).
- 2010: Revenue of $629K, expenses of $1.3M, and assets of $23.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mario Family Foundation:
Data Sources and Methodology
This transparency report for Mario 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.