Oconnell Family Foundation Inc
Oconnell Family Foundation shows fluctuating revenue and assets with no officer compensation.
EIN: 133745912 · Greenwich, CT · Updated: 2026-03-28
Is Oconnell 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 →
Oconnell Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Oconnell Family Foundation Inc
Oconnell Family Foundation Inc (EIN: 133745912) is a nonprofit organization based in Greenwich, CT. The organization reported total revenue of $4.2M and total assets of $2.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Oconnell Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Oconnell Family Foundation Inc is a mid-size nonprofit that has been operating for 32 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -26.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $16K |
| Total Expenses | $90 |
| Surplus / Deficit | +$16K |
| Total Assets | $3.6M |
| Total Liabilities | $1 |
| Net Assets | $3.6M |
| Operating Margin | 99.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 484022.9 months |
Financial Health Grade: A
In 2023, Oconnell Family Foundation Inc reported a surplus of $16K with revenue exceeding expenses, holds 484022.9 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 (2011–2023), Oconnell Family Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -26.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -96.8% | -100.0% | +0.5% |
| 2023 | +1309.1% | +808.0% | -25.5% |
| 2022 | -99.3% | +28.0% | -3.1% |
| 2021 | +1516.2% | -60.4% | +66656.1% |
| 2020 | -26.8% | -3.4% | -86.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
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 Oconnell Family Foundation Inc 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, Oconnell Family 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $16K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Oconnell Family Foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This suggests a volunteer-led or very lean administrative structure, which is positive for ensuring funds are directed towards its 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.
Red Flags
The following concerns were identified during AI analysis of Oconnell Family Foundation Inc's IRS 990 filings:
- Lack of NTEE code, hindering understanding of mission alignment and peer comparison
- Significant year-over-year fluctuations in revenue and assets without clear explanation in provided data
Strengths
The following positive indicators were identified for Oconnell Family Foundation Inc:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds for mission
- Minimal liabilities ($1 in recent years), suggesting sound financial management
- History of grant-making activity, as evidenced by expenses relative to revenue in most years
Frequently Asked Questions about Oconnell Family Foundation Inc
Is Oconnell Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Oconnell Family Foundation Inc (EIN: 133745912) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Oconnell Family Foundation Inc spend its money?
Oconnell Family Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Oconnell Family Foundation Inc tax-deductible?
Oconnell Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133745912). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the primary programmatic focus of the Oconnell Family Foundation?
The provided data does not include an NTEE code or detailed expense breakdowns, making it impossible to determine the specific programmatic focus of the Oconnell Family Foundation.
Why do the foundation's revenue and assets fluctuate so dramatically year-over-year?
As a private family foundation, its revenue often comes from contributions from the founding family or related entities, and its assets can fluctuate based on investment performance and the timing of large grant distributions or contributions. For example, revenue was $5,150,032 in 2021 but only $16,250 in 2023.
How does the foundation manage its operations without officer compensation?
The absence of officer compensation suggests that the foundation is likely run by volunteers, or its administrative functions are absorbed by other entities or individuals without direct salary payments from the foundation itself.
Filing History
IRS 990 filing history for Oconnell Family Foundation Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Oconnell Family Foundation Inc's revenue has declined by 97.6%, moving from $664K to $16K. Total assets increased by 201576.2% over the same period, from $2K to $3.6M. Total functional expenses fell by 100%, from $662K to $90. In its most recent filing year (2023), Oconnell Family Foundation Inc reported a surplus of $16K, with revenue exceeding expenses. The organization holds $1 in liabilities against $3.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $16K | $90 | $3.6M | $1 | — | — |
| 2023 | $513K | $1.8M | $3.6M | $1 | — | — |
| 2022 | $36K | $195K | $4.8M | $1 | — | — |
| 2021 | $5.2M | $152K | $5.0M | $1 | — | View 990 |
| 2020 | $319K | $385K | $7K | $1 | — | View 990 |
| 2019 | $435K | $398K | $53K | $0 | — | View 990 |
| 2015 | $125K | $452K | $28K | $0 | — | View 990 |
| 2014 | $1.3M | $1.1M | $293K | $0 | — | View 990 |
| 2013 | $750K | $793K | $43K | $0 | — | View 990 |
| 2012 | $790K | $706K | $86K | $0 | — | View 990 |
| 2011 | $664K | $662K | $2K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $16K, expenses of $90, and assets of $3.6M (revenue -96.8% year-over-year).
- 2023: Revenue of $513K, expenses of $1.8M, and assets of $3.6M (revenue +1309.1% year-over-year).
- 2022: Revenue of $36K, expenses of $195K, and assets of $4.8M (revenue -99.3% year-over-year).
- 2021: Revenue of $5.2M, expenses of $152K, and assets of $5.0M (revenue +1516.2% year-over-year).
- 2020: Revenue of $319K, expenses of $385K, and assets of $7K (revenue -26.8% year-over-year).
- 2019: Revenue of $435K, expenses of $398K, and assets of $53K (revenue +248.3% year-over-year).
- 2015: Revenue of $125K, expenses of $452K, and assets of $28K (revenue -90.4% year-over-year).
- 2014: Revenue of $1.3M, expenses of $1.1M, and assets of $293K (revenue +73.3% year-over-year).
- 2013: Revenue of $750K, expenses of $793K, and assets of $43K (revenue -5.1% year-over-year).
- 2012: Revenue of $790K, expenses of $706K, and assets of $86K (revenue +19.0% year-over-year).
- 2011: Revenue of $664K, expenses of $662K, and assets of $2K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Oconnell Family Foundation Inc:
Data Sources and Methodology
This transparency report for Oconnell 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.