Mollie Parnis Livingston Foundation Inc
Mollie Parnis Livingston Foundation consistently spends more than it earns annually, relying on its substantial asset base for grantmaking.
EIN: 136265280 · Riverside, CT · Updated: 2026-03-28
Is Mollie Parnis Livingston Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mollie Parnis Livingston Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mollie Parnis Livingston Foundation Inc
Mollie Parnis Livingston Foundation Inc (EIN: 136265280) is a nonprofit organization based in Riverside, CT. The organization reported total revenue of $1.0M and total assets of $3.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mollie Parnis Livingston 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 Mollie Parnis Livingston 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Mollie Parnis Livingston Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 officers are not compensated, which is highly favorable for a foundation of its size with assets around $3.8 million.
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 Mollie Parnis Livingston Foundation Inc's IRS 990 filings:
- Consistent annual operating deficits, with expenses frequently exceeding revenue (e.g., $306,116 expenses vs. $182,318 revenue in 2023), indicating reliance on asset drawdowns or investment gains not fully captured in 'revenue' for sustainability.
Strengths
The following positive indicators were identified for Mollie Parnis Livingston Foundation Inc:
- Zero executive compensation reported across all filings, demonstrating excellent financial stewardship and a commitment to directing resources to the mission.
- Substantial and stable asset base (e.g., $3,776,358 in 2023) provides long-term financial stability for grantmaking.
- Very low liabilities consistently reported (e.g., $10,359 in 2023), indicating strong financial management and minimal debt burden.
Frequently Asked Questions about Mollie Parnis Livingston Foundation Inc
Is Mollie Parnis Livingston Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Mollie Parnis Livingston Foundation Inc (EIN: 136265280) some concerns. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
How does Mollie Parnis Livingston Foundation Inc spend its money?
Mollie Parnis Livingston Foundation Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mollie Parnis Livingston Foundation Inc tax-deductible?
Mollie Parnis Livingston Foundation Inc is registered as a tax-exempt nonprofit (EIN: 136265280). 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 service expenses versus administrative costs?
The provided data does not offer a detailed breakdown of expenses beyond total expenses. To fully understand spending efficiency, a deeper dive into the IRS 990, Part IX, Statement of Functional Expenses, would be necessary to differentiate program service expenses from administrative and fundraising costs.
How does the foundation manage its investment portfolio to sustain its grantmaking activities given consistent operating deficits?
While the foundation consistently reports expenses exceeding revenue, its asset base has remained robust, fluctuating between approximately $2.7 million and $4.4 million over the past decade. This suggests that investment returns, though not explicitly detailed in the revenue figures provided, play a crucial role in sustaining its assets and grantmaking capacity, despite annual operational deficits from other income sources.
What is the foundation's primary grantmaking focus or mission, given the NTEE code is unknown?
The provided data does not specify the NTEE code or the foundation's mission. Understanding its grantmaking focus would provide context for its financial activities and impact.
Filing History
IRS 990 filing history for Mollie Parnis Livingston Foundation Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2010–2023), Mollie Parnis Livingston Foundation Inc's revenue has declined by 55.9%, moving from $413K to $182K. Total assets increased by 29.8% over the same period, from $2.9M to $3.8M. Total functional expenses fell by 6.8%, from $328K to $306K. In its most recent filing year (2023), Mollie Parnis Livingston Foundation Inc reported a deficit of $124K, with expenses exceeding revenue. The organization holds $10K in liabilities against $3.8M in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $3.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $182K | $306K | $3.8M | $10K | — | View 990 |
| 2022 | $97K | $363K | $3.4M | $5K | — | View 990 |
| 2021 | $452K | $245K | $4.4M | $1 | — | View 990 |
| 2020 | $247K | $408K | $3.8M | $1 | — | — |
| 2019 | $118K | $346K | $3.8M | $160 | — | View 990 |
| 2015 | $148K | $231K | $3.1M | $2K | — | View 990 |
| 2014 | $247K | $235K | $3.4M | $145 | — | View 990 |
| 2013 | $313K | $260K | $3.3M | $16K | — | View 990 |
| 2012 | $192K | $212K | $2.9M | $16K | — | View 990 |
| 2011 | $-73,384 | $321K | $2.8M | $15K | — | View 990 |
| 2010 | $413K | $328K | $2.9M | $47K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $182K, expenses of $306K, and assets of $3.8M (revenue +88.1% year-over-year).
- 2022: Revenue of $97K, expenses of $363K, and assets of $3.4M (revenue -78.5% year-over-year).
- 2021: Revenue of $452K, expenses of $245K, and assets of $4.4M (revenue +82.5% year-over-year).
- 2020: Revenue of $247K, expenses of $408K, and assets of $3.8M (revenue +109.9% year-over-year).
- 2019: Revenue of $118K, expenses of $346K, and assets of $3.8M (revenue -20.3% year-over-year).
- 2015: Revenue of $148K, expenses of $231K, and assets of $3.1M (revenue -40.2% year-over-year).
- 2014: Revenue of $247K, expenses of $235K, and assets of $3.4M (revenue -20.9% year-over-year).
- 2013: Revenue of $313K, expenses of $260K, and assets of $3.3M (revenue +63.1% year-over-year).
- 2012: Revenue of $192K, expenses of $212K, and assets of $2.9M.
- 2011: Revenue of $-73,384, expenses of $321K, and assets of $2.8M (revenue -117.8% year-over-year).
- 2010: Revenue of $413K, expenses of $328K, and assets of $2.9M.
Data Sources and Methodology
This transparency report for Mollie Parnis Livingston 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.