Marshall L And Barbara A Tobins Family Charitable Foundation
Marshall L And Barbara A Tobins Family Charitable Foundation consistently spends more than it earns, drawing down assets.
EIN: 20523415 · Carlisle, MA · NTEE: T22 · Updated: 2026-03-28
Is Marshall L And Barbara A Tobins Family Charitable Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Marshall L And Barbara A Tobins Family Charitable Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Marshall L And Barbara A Tobins Family Charitable Foundation
Marshall L And Barbara A Tobins Family Charitable Foundation (EIN: 20523415) is a nonprofit organization based in Carlisle, MA, classified under NTEE code T22. The organization reported total revenue of $795K and total assets of $148K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Marshall L And Barbara A Tobins Family Charitable 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 Marshall L And Barbara A Tobins Family Charitable Foundation with a Mission Score of 75 out of 100 (Good). 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, Marshall L And Barbara A Tobins Family Charitable 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.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the foundation is run by unpaid officers or volunteers, which is highly efficient for an organization 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 Marshall L And Barbara A Tobins Family Charitable Foundation's IRS 990 filings:
- Consistent deficit spending: Expenses have frequently exceeded revenue (e.g., $70,649 expenses vs. $28,342 revenue in 2023), leading to asset depletion.
- Declining asset base: Total assets have decreased from $701,009 in 2013 to $564,028 in 2023, indicating a draw-down on capital.
Strengths
The following positive indicators were identified for Marshall L And Barbara A Tobins Family Charitable Foundation:
- Zero officer compensation: No salaries are paid to officers, indicating efficient use of funds and volunteer leadership.
- Low liabilities: Liabilities are consistently reported as $0 or $1, showing strong financial management regarding debt.
- Clear mission focus: As a private grantmaking foundation, its purpose is clear, and funds are directed towards its charitable distributions.
Frequently Asked Questions about Marshall L And Barbara A Tobins Family Charitable Foundation
Is Marshall L And Barbara A Tobins Family Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Marshall L And Barbara A Tobins Family Charitable Foundation (EIN: 20523415) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Marshall L And Barbara A Tobins Family Charitable Foundation spend its money?
Marshall L And Barbara A Tobins Family Charitable Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Marshall L And Barbara A Tobins Family Charitable Foundation tax-deductible?
Marshall L And Barbara A Tobins Family Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 20523415). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Marshall L And Barbara A Tobins Family Charitable Foundation financially sustainable given its spending patterns?
The foundation has consistently spent more than its revenue in recent years (e.g., $70,649 expenses vs. $28,342 revenue in 2023), leading to a decline in its asset base from $701,009 in 2013 to $564,028 in 2023. While private foundations often draw from endowments, this trend suggests a need for future revenue generation or reduced spending to maintain its capital over the long term.
What is the primary activity of this foundation?
Based on its NTEE code T22 (Private Grantmaking Foundations) and the financial data showing expenses consistently exceeding revenue, it primarily functions as a grantmaking entity, distributing funds from its existing assets.
How transparent is the foundation?
The foundation files its IRS Form 990s, which provides a basic level of financial transparency. The consistent reporting of zero officer compensation is also a transparent indicator of its operational model.
Filing History
IRS 990 filing history for Marshall L And Barbara A Tobins Family Charitable Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Marshall L And Barbara A Tobins Family Charitable Foundation's revenue has declined by 35.4%, moving from $44K to $28K. Total assets decreased by 10.3% over the same period, from $629K to $564K. Total functional expenses rose by 100%, from $35K to $71K. In its most recent filing year (2023), Marshall L And Barbara A Tobins Family Charitable Foundation reported a deficit of $42K, with expenses exceeding revenue. The organization holds $1 in liabilities against $564K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $564K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $28K | $71K | $564K | $1 | — | — |
| 2022 | $40K | $70K | $606K | $1 | — | View 990 |
| 2021 | $146K | $59K | $636K | $1 | — | View 990 |
| 2020 | $69K | $61K | $549K | $1 | — | View 990 |
| 2019 | $51K | $60K | $541K | $1 | — | View 990 |
| 2015 | $24K | $60K | $620K | $0 | — | View 990 |
| 2014 | $8K | $54K | $655K | $0 | — | View 990 |
| 2013 | $76K | $46K | $701K | $0 | — | View 990 |
| 2012 | $82K | $40K | $671K | $0 | — | View 990 |
| 2011 | $44K | $35K | $629K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $28K, expenses of $71K, and assets of $564K (revenue -29.9% year-over-year).
- 2022: Revenue of $40K, expenses of $70K, and assets of $606K (revenue -72.2% year-over-year).
- 2021: Revenue of $146K, expenses of $59K, and assets of $636K (revenue +111.0% year-over-year).
- 2020: Revenue of $69K, expenses of $61K, and assets of $549K (revenue +34.1% year-over-year).
- 2019: Revenue of $51K, expenses of $60K, and assets of $541K (revenue +111.0% year-over-year).
- 2015: Revenue of $24K, expenses of $60K, and assets of $620K (revenue +209.1% year-over-year).
- 2014: Revenue of $8K, expenses of $54K, and assets of $655K (revenue -89.6% year-over-year).
- 2013: Revenue of $76K, expenses of $46K, and assets of $701K (revenue -8.2% year-over-year).
- 2012: Revenue of $82K, expenses of $40K, and assets of $671K (revenue +87.5% year-over-year).
- 2011: Revenue of $44K, expenses of $35K, and assets of $629K.
Data Sources and Methodology
This transparency report for Marshall L And Barbara A Tobins Family Charitable 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.