Paestum Foundation Inc
Paestum Foundation reports significant asset growth with minimal expenses and zero officer compensation.
EIN: 134082016 · New York, NY · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $16.9M |
| Total Expenses | $469K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $50 |
| Net Assets | $46.1M |
| Transparency Score | 85/100 |
Is Paestum Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Paestum Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Paestum Foundation Inc
Paestum Foundation Inc (EIN: 134082016) is a nonprofit organization based in New York, NY, classified under NTEE code T22. The organization reported total revenue of $16.9M and total assets of $51.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Paestum Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Paestum Foundation Inc is a large nonprofit that has been operating for 27 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.3M |
| Total Expenses | $469K |
| Surplus / Deficit | +$5.9M |
| Total Assets | $46.1M |
| Total Liabilities | $1 |
| Net Assets | $46.1M |
| Operating Margin | 92.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 1179.2 months |
Financial Health Grade: A
In 2023, Paestum Foundation Inc reported a surplus of $5.9M with revenue exceeding expenses, holds 1179.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Paestum Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +269.6% | -24.6% | +12.2% |
| 2022 | -73.5% | -70.4% | +5.6% |
| 2021 | +281.3% | -3.3% | +10.8% |
| 2020 | -56.4% | +25.0% | -1.3% |
| 2019 | +20.4% | +18.0% | +35.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
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 Paestum 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, Paestum 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $5.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Paestum Foundation consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through other entities, which is highly unusual for an organization with over $50 million in assets.
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 Paestum Foundation Inc's IRS 990 filings:
- Extremely low reported expenses relative to revenue and assets, raising questions about program delivery costs.
- Consistent zero officer compensation for an organization with substantial assets, which is unusual and warrants further inquiry into leadership compensation structure.
- Significant year-over-year revenue fluctuations without clear explanation in the provided data.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary, making it difficult to fully assess spending efficiency.
Strengths
The following positive indicators were identified for Paestum Foundation Inc:
- Strong and consistent asset growth, from $22.8M in 2011 to over $50M currently.
- Reported zero officer compensation, indicating potential for high donor confidence regarding executive pay.
- Very low reported expense-to-revenue ratio, suggesting high operational efficiency in asset accumulation.
- Long filing history (10 filings) demonstrating sustained operation and compliance.
Frequently Asked Questions about Paestum Foundation Inc
Is Paestum Foundation Inc a legitimate charity?
Paestum Foundation Inc (EIN: 134082016) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $16.9M. 4 red flags identified. 4 strengths noted. Financial health grade: A.
How does Paestum Foundation Inc spend its money?
Paestum Foundation Inc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Paestum Foundation Inc tax-deductible?
Paestum Foundation Inc is registered as a tax-exempt nonprofit (EIN: 134082016). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Paestum Foundation Inc CEO make?
Paestum Foundation Inc's highest-compensated officer earns $50 annually. The organization reported $16.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Paestum Foundation Inc's spending goes to programs?
Paestum Foundation Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Paestum Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Paestum Foundation Inc is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Paestum Foundation Inc located?
Paestum Foundation Inc is headquartered in New York, New York and files with the IRS under EIN 134082016. It is classified under NTEE code T22.
How many years of IRS 990 filings does Paestum Foundation Inc have?
Paestum Foundation Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $16.9M in total revenue.
How does Paestum Foundation Inc. achieve its mission with such low reported expenses relative to its revenue and assets?
The filings show very low expenses (e.g., $469,022 in 202309) compared to revenue (e.g., $6,331,873 in 202309) and significant asset growth. This suggests either a highly efficient, asset-focused model, or that program delivery costs are not fully captured in the reported expenses, warranting a deeper look into their operational structure.
What is the nature of the Paestum Foundation's programs given its NTEE code T22 (Philanthropy, Voluntarism & Grantmaking Foundations)?
As a grantmaking foundation, its 'program' expenses would primarily be grants made to other organizations. The low reported expenses might indicate that the grants themselves are not always categorized as 'expenses' in the same way as operational costs, or that the foundation primarily focuses on endowment growth and makes grants from investment income.
Why is officer compensation consistently reported as zero for an organization with over $50 million in assets?
Zero officer compensation suggests a volunteer board and executive team, or that compensation is paid by a related entity. While positive for minimizing overhead, it's uncommon for an organization of this scale and could imply an alternative compensation structure not directly reported on the 990.
What caused the significant fluctuations in annual revenue, such as $1.7M in 202209 versus $6.3M in 202309?
Revenue fluctuations are common for foundations, often tied to investment performance, large one-time donations, or specific fundraising cycles. Understanding the sources of revenue (e.g., investment income, contributions) would clarify these variations.
What is the breakdown of the $469,022 in expenses reported in 202309?
Without a detailed functional expense statement, it's impossible to determine how much of this minimal expense was allocated to programs, administration, or fundraising. This detail is crucial for assessing spending efficiency.
Filing History
IRS 990 filing history for Paestum Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Paestum Foundation Inc's revenue has grown by 179.2%, moving from $2.3M to $6.3M. Total assets increased by 101.3% over the same period, from $22.9M to $46.1M. Total functional expenses fell by 68.9%, from $1.5M to $469K. In its most recent filing year (2023), Paestum Foundation Inc reported a surplus of $5.9M, with revenue exceeding expenses. The organization holds $1 in liabilities against $46.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $46.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.3M | $469K | $46.1M | $1 | — | View 990 |
| 2022 | $1.7M | $622K | $41.1M | $856K | — | View 990 |
| 2021 | $6.5M | $2.1M | $38.9M | $1 | — | View 990 |
| 2020 | $1.7M | $2.2M | $35.1M | $1 | — | View 990 |
| 2019 | $3.9M | $1.7M | $35.6M | $0 | — | View 990 |
| 2015 | $3.2M | $1.5M | $26.2M | $1 | — | View 990 |
| 2014 | $3.8M | $2.0M | $24.4M | $1 | — | View 990 |
| 2013 | $1.8M | $1.6M | $22.6M | $0 | — | View 990 |
| 2012 | $1.1M | $1.6M | $22.4M | $0 | — | View 990 |
| 2011 | $2.3M | $1.5M | $22.9M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.3M, expenses of $469K, and assets of $46.1M (revenue +269.6% year-over-year).
- 2022: Revenue of $1.7M, expenses of $622K, and assets of $41.1M (revenue -73.5% year-over-year).
- 2021: Revenue of $6.5M, expenses of $2.1M, and assets of $38.9M (revenue +281.3% year-over-year).
- 2020: Revenue of $1.7M, expenses of $2.2M, and assets of $35.1M (revenue -56.4% year-over-year).
- 2019: Revenue of $3.9M, expenses of $1.7M, and assets of $35.6M (revenue +20.4% year-over-year).
- 2015: Revenue of $3.2M, expenses of $1.5M, and assets of $26.2M (revenue -15.9% year-over-year).
- 2014: Revenue of $3.8M, expenses of $2.0M, and assets of $24.4M (revenue +114.3% year-over-year).
- 2013: Revenue of $1.8M, expenses of $1.6M, and assets of $22.6M (revenue +63.7% year-over-year).
- 2012: Revenue of $1.1M, expenses of $1.6M, and assets of $22.4M (revenue -51.8% year-over-year).
- 2011: Revenue of $2.3M, expenses of $1.5M, and assets of $22.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Paestum Foundation Inc:
Data Sources and Methodology
This transparency report for Paestum 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.