Nino R Vaghi Foundation Inc
Nino R Vaghi Foundation maintains substantial assets despite volatile revenue, reporting zero officer compensation.
EIN: 201930198 · Kensington, MD · NTEE: T22 · Updated: 2026-03-28
Is Nino R Vaghi Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Nino R Vaghi Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Nino R Vaghi Foundation Inc
Nino R Vaghi Foundation Inc (EIN: 201930198) is a nonprofit organization based in Kensington, MD, classified under NTEE code T22. The organization reported total revenue of $743K and total assets of $5.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nino R Vaghi 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 Nino R Vaghi 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: 90%
- fundraising: 0%
According to IRS 990 filings, Nino R Vaghi Foundation Inc 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
The Nino R Vaghi Foundation Inc 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 favorable for a foundation of its asset size ($5,765,476).
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 Nino R Vaghi Foundation Inc's IRS 990 filings:
- Significant revenue volatility, including negative revenue in 2023, indicating potential reliance on market-dependent investment income.
- Lack of detailed expense breakdown (program vs. admin vs. fundraising) in the provided summary, making precise efficiency assessment challenging.
Strengths
The following positive indicators were identified for Nino R Vaghi Foundation Inc:
- Strong financial health with substantial assets ($5,765,476) and consistently low liabilities.
- Exceptional spending efficiency regarding executive compensation, with 0% reported officer compensation across all filings.
- Consistent history of IRS 990 filings, indicating good compliance and transparency.
- Low overall expenses relative to asset base, suggesting efficient operations or significant asset preservation.
Frequently Asked Questions about Nino R Vaghi Foundation Inc
Is Nino R Vaghi Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Nino R Vaghi Foundation Inc (EIN: 201930198) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Nino R Vaghi Foundation Inc spend its money?
Nino R Vaghi Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Nino R Vaghi Foundation Inc tax-deductible?
Nino R Vaghi Foundation Inc is registered as a tax-exempt nonprofit (EIN: 201930198). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Nino R Vaghi Foundation Inc a good charity?
Based on the available data, the foundation appears to be financially sound with substantial assets and very low liabilities. The consistent reporting of zero officer compensation is a strong positive. Its primary function as a grantmaking foundation (NTEE T22) suggests its expenses are largely program-related. However, a detailed breakdown of program vs. administrative expenses would provide a more definitive answer.
Why was the revenue negative in 2023?
The negative revenue of $-223,370 in 2023 likely indicates significant investment losses during that period, as private foundations often derive a substantial portion of their revenue from investment returns. This is a common occurrence for foundations with large endowments and exposure to market fluctuations.
How does the foundation manage its administrative costs?
The foundation appears to manage its administrative costs very efficiently, as evidenced by the consistent reporting of zero officer compensation and relatively low overall expenses compared to its asset base. This suggests a lean operational structure, possibly relying heavily on volunteers or minimal paid staff.
What is the primary use of the foundation's assets?
As a private grantmaking foundation (NTEE T22), the primary use of its substantial assets ($5,765,476) is likely to generate investment income to fund its grantmaking activities and to serve as an endowment for long-term philanthropic support.
Filing History
IRS 990 filing history for Nino R Vaghi Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Nino R Vaghi Foundation Inc's revenue has declined by 432.4%, moving from $67K to $-223,370. Total assets increased by 701.9% over the same period, from $676K to $5.4M. Total functional expenses rose by 158.3%, from $65K to $167K. The organization holds $79K in liabilities against $5.4M in assets (debt-to-asset ratio: 1.5%), resulting in net assets of $5.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $-223,370 | $167K | $5.4M | $79K | — | — |
| 2022 | $714K | $226K | $5.8M | $41K | — | View 990 |
| 2021 | $2.1M | $347K | $5.2M | $1 | — | View 990 |
| 2020 | $1.5M | $301K | $3.5M | $1 | — | — |
| 2019 | $340K | $211K | $2.3M | $1 | — | View 990 |
| 2015 | $156K | $157K | $1.0M | $1 | — | View 990 |
| 2014 | $508K | $142K | $1.0M | $1 | — | View 990 |
| 2013 | $911K | $115K | $680K | $1 | — | View 990 |
| 2012 | $170K | $79K | $708K | $1 | — | View 990 |
| 2011 | $67K | $65K | $676K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-223,370, expenses of $167K, and assets of $5.4M (revenue -131.3% year-over-year).
- 2022: Revenue of $714K, expenses of $226K, and assets of $5.8M (revenue -65.2% year-over-year).
- 2021: Revenue of $2.1M, expenses of $347K, and assets of $5.2M (revenue +33.5% year-over-year).
- 2020: Revenue of $1.5M, expenses of $301K, and assets of $3.5M (revenue +351.3% year-over-year).
- 2019: Revenue of $340K, expenses of $211K, and assets of $2.3M (revenue +118.8% year-over-year).
- 2015: Revenue of $156K, expenses of $157K, and assets of $1.0M (revenue -69.4% year-over-year).
- 2014: Revenue of $508K, expenses of $142K, and assets of $1.0M (revenue -44.2% year-over-year).
- 2013: Revenue of $911K, expenses of $115K, and assets of $680K (revenue +435.6% year-over-year).
- 2012: Revenue of $170K, expenses of $79K, and assets of $708K (revenue +153.0% year-over-year).
- 2011: Revenue of $67K, expenses of $65K, and assets of $676K.
Data Sources and Methodology
This transparency report for Nino R Vaghi 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.