Orefice Family Foundation

Orefice Family Foundation maintains strong assets despite consistent operating deficits.

EIN: 207531769 · Califon, NJ · NTEE: T22 · Updated: 2026-03-28

$581KRevenue

$3.7MAssets

85/100Mission Score (Excellent)

T22

About Orefice Family Foundation

Orefice Family Foundation (EIN: 207531769) is a nonprofit organization based in Califon, NJ, classified under NTEE code T22. The organization reported total revenue of $581K and total assets of $3.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Orefice Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Orefice Family Foundation demonstrates consistent financial stability with substantial assets relative to its annual expenses. For instance, in 2023, with expenses of $245,510, its assets stood at $3,568,361, indicating a strong reserve. The organization consistently reports zero officer compensation, which is a positive indicator of efficient use of funds and a focus on mission-related spending rather than administrative overhead. However, the foundation has frequently operated at a deficit, with expenses exceeding revenue in most recent years, such as in 2023 where revenue was $118,722 against $245,510 in expenses. While this is common for foundations drawing from endowments, sustained deficits could impact long-term asset growth if not managed strategically.

The foundation's transparency is bolstered by its consistent filing of IRS Form 990s over a decade, providing a clear historical financial record. The absence of liabilities (consistently reported as $1 or $0) further suggests sound financial management and minimal debt burden. The NTEE code T22 indicates it is a private grantmaking foundation, meaning its primary activity is distributing grants to other organizations, which inherently implies a focus on program support through its grantees. The lack of detailed expense breakdowns in the provided data makes it difficult to precisely assess spending efficiency beyond the zero officer compensation, but the overall financial health appears robust for a grantmaking entity.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Orefice Family Foundation 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, Orefice Family 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

The Orefice Family Foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly favorable for a foundation of its size with assets exceeding $3.5 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 Orefice Family Foundation's IRS 990 filings:

Consistent operating deficits (e.g., $118,722 revenue vs. $245,510 expenses in 2023) could deplete assets over the very long term if not managed.

Strengths

The following positive indicators were identified for Orefice Family Foundation:

Strong asset base (e.g., $3,671,164 latest assets) provides significant financial stability.
Zero officer compensation demonstrates efficient use of funds and dedication to mission.
Consistent IRS 990 filing history indicates good transparency and compliance.
Minimal to no liabilities ($1 or $0 reported) reflects sound financial management.

Frequently Asked Questions about Orefice Family Foundation

Is the Orefice Family Foundation financially stable?

Yes, the foundation appears financially stable, consistently holding over $3 million in assets, such as $3,568,361 in 2023, which provides a strong buffer against annual operating deficits.

Does the Orefice Family Foundation pay its officers?

No, the Orefice Family Foundation consistently reports 0% officer compensation in all available IRS 990 filings.

Why does the foundation frequently spend more than it earns?

As a private grantmaking foundation, it's common for such organizations to draw from their endowment (assets) to fund grants, leading to expenses exceeding annual revenue, as seen in 2023 where expenses were $245,510 against $118,722 in revenue.

Filing History

IRS 990 filing history for Orefice Family Foundation showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Orefice Family Foundation's revenue has grown by 1122.6%, moving from $10K to $119K. Total assets increased by 1594.1% over the same period, from $211K to $3.6M. Total functional expenses rose by 4657%, from $5K to $246K. In its most recent filing year (2023), Orefice Family Foundation reported a deficit of $127K, with expenses exceeding revenue. 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.	PDF
2023	$119K	$246K	$3.6M	$1	—	View 990
2022	$255K	$275K	$3.4M	$1	—	View 990
2021	$400K	$304K	$4.3M	$1	—	View 990
2020	$166K	$264K	$3.3M	$1	—	View 990
2019	$192K	$275K	$3.4M	$1	—	View 990
2015	$237K	$264K	$3.7M	$1	—	View 990
2014	$282K	$334K	$3.8M	$1	—	View 990
2013	$88K	$99K	$2.9M	$0	—	View 990
2012	$7K	$5K	$205K	$0	—	View 990
2011	$10K	$5K	$211K	$1	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $119K, expenses of $246K, and assets of $3.6M (revenue -53.5% year-over-year).
2022: Revenue of $255K, expenses of $275K, and assets of $3.4M (revenue -36.1% year-over-year).
2021: Revenue of $400K, expenses of $304K, and assets of $4.3M (revenue +140.6% year-over-year).
2020: Revenue of $166K, expenses of $264K, and assets of $3.3M (revenue -13.3% year-over-year).
2019: Revenue of $192K, expenses of $275K, and assets of $3.4M (revenue -19.3% year-over-year).
2015: Revenue of $237K, expenses of $264K, and assets of $3.7M (revenue -15.7% year-over-year).
2014: Revenue of $282K, expenses of $334K, and assets of $3.8M (revenue +221.1% year-over-year).
2013: Revenue of $88K, expenses of $99K, and assets of $2.9M (revenue +1113.2% year-over-year).
2012: Revenue of $7K, expenses of $5K, and assets of $205K (revenue -25.5% year-over-year).
2011: Revenue of $10K, expenses of $5K, and assets of $211K.

Data Sources and Methodology

This transparency report for Orefice Family 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.