Mattick Family Foundation Inc
Mattick Family Foundation consistently covers expenses with revenue and reports zero officer compensation.
EIN: 203588786 · Leesburg, FL · NTEE: T20 · Updated: 2026-03-28
Is Mattick Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mattick Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mattick Family Foundation Inc
Mattick Family Foundation Inc (EIN: 203588786) is a nonprofit organization based in Leesburg, FL, classified under NTEE code T20. The organization reported total revenue of $8.2M and total assets of $9.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mattick Family Foundation Inc'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 Mattick Family Foundation Inc with a Mission Score of 85 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Mattick Family Foundation Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not categorized as officer compensation, which is highly unusual for an organization with over $2 million in annual expenses.
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 Mattick Family Foundation Inc's IRS 990 filings:
- Lack of detailed expense breakdown (program vs. admin vs. fundraising) in provided data
- Consistent 0% officer compensation for an organization with over $2 million in expenses, which warrants further investigation into how leadership is supported.
Strengths
The following positive indicators were identified for Mattick Family Foundation Inc:
- Consistent revenue exceeding expenses, indicating financial stability (e.g., 202312: Revenue=$2,192,564, Expenses=$2,120,143).
- Significant growth in assets over time (from $1,002,057 in 201112 to $4,267,082 in 202312).
- Very low liabilities ($1 in most periods), indicating a healthy balance sheet.
- Consistent filing of IRS 990s, demonstrating transparency in reporting.
Frequently Asked Questions about Mattick Family Foundation Inc
Is Mattick Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Mattick Family Foundation Inc (EIN: 203588786) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Mattick Family Foundation Inc spend its money?
Mattick Family Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mattick Family Foundation Inc tax-deductible?
Mattick Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203588786). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the specific breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories, making it difficult to precisely assess spending efficiency beyond the overall revenue-to-expense ratio.
How does the Mattick Family Foundation achieve zero officer compensation with over $2 million in annual expenses?
The filings consistently report 0% officer compensation. This could mean that the foundation is entirely volunteer-run at the executive level, or that compensation is structured in a way that is not reported as 'officer compensation' on the 990, such as through a related management entity.
What are the specific programs or grants funded by the foundation?
The NTEE code T20 indicates it is a Private Grantmaking Foundation, meaning its primary activity is making grants. However, the provided data does not specify the recipients or types of programs funded by these grants.
Filing History
IRS 990 filing history for Mattick Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Mattick Family Foundation Inc's revenue has grown by 3012.5%, moving from $70K to $2.2M. Total assets increased by 325.8% over the same period, from $1.0M to $4.3M. Total functional expenses rose by 4332.1%, from $48K to $2.1M. In its most recent filing year (2023), Mattick Family Foundation Inc reported a surplus of $72K, with revenue exceeding expenses. The organization holds $1 in liabilities against $4.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $2.1M | $4.3M | $1 | — | — |
| 2022 | $2.3M | $2.2M | $4.2M | $1 | — | View 990 |
| 2021 | $1.9M | $1.9M | $4.2M | $1 | — | View 990 |
| 2020 | $267K | $756K | $4.2M | $1 | — | — |
| 2019 | $210K | $339K | $4.7M | $1 | — | View 990 |
| 2015 | $997K | $116K | $2.9M | $1 | — | View 990 |
| 2014 | $891K | $24K | $2.0M | $1 | — | View 990 |
| 2013 | $250K | $87K | $1.1M | $1 | — | View 990 |
| 2012 | $387 | $49K | $953K | $1 | — | View 990 |
| 2011 | $70K | $48K | $1.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $2.1M, and assets of $4.3M (revenue -3.7% year-over-year).
- 2022: Revenue of $2.3M, expenses of $2.2M, and assets of $4.2M (revenue +22.7% year-over-year).
- 2021: Revenue of $1.9M, expenses of $1.9M, and assets of $4.2M (revenue +594.4% year-over-year).
- 2020: Revenue of $267K, expenses of $756K, and assets of $4.2M (revenue +27.1% year-over-year).
- 2019: Revenue of $210K, expenses of $339K, and assets of $4.7M (revenue -78.9% year-over-year).
- 2015: Revenue of $997K, expenses of $116K, and assets of $2.9M (revenue +11.8% year-over-year).
- 2014: Revenue of $891K, expenses of $24K, and assets of $2.0M (revenue +256.3% year-over-year).
- 2013: Revenue of $250K, expenses of $87K, and assets of $1.1M (revenue +64550.9% year-over-year).
- 2012: Revenue of $387, expenses of $49K, and assets of $953K (revenue -99.5% year-over-year).
- 2011: Revenue of $70K, expenses of $48K, and assets of $1.0M.
Data Sources and Methodology
This transparency report for Mattick Family Foundation Inc 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.