Papineau Family Foundation
Papineau Family Foundation shows volatile finances with significant asset fluctuations and inconsistent annual performance.
EIN: 208115584 · Santa Fe, NM · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $117K |
| Total Expenses | $17K |
| Program Spending | 80% |
| Net Assets | $940K |
| Transparency Score | 65/100 |
Is Papineau Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Papineau Family Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Papineau Family Foundation
Papineau Family Foundation (EIN: 208115584) is a nonprofit organization based in Santa Fe, NM, classified under NTEE code T20. The organization reported total revenue of $117K and total assets of $991K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Papineau Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Papineau Family Foundation is a small nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $40K |
| Total Expenses | $17K |
| Surplus / Deficit | +$23K |
| Total Assets | $940K |
| Total Liabilities | $1 |
| Net Assets | $940K |
| Operating Margin | 58.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 681.3 months |
Financial Health Grade: A
In 2023, Papineau Family Foundation reported a surplus of $23K with revenue exceeding expenses, holds 681.3 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), Papineau Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -65.5% | -98.1% | +2.5% |
| 2022 | +66.9% | +1281.1% | -54.4% |
| 2021 | +101.8% | -7.9% | +13.6% |
| 2019 | -149.2% | +152.0% | +7.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2007 |
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 Papineau Family Foundation with a Mission Score of 65 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Papineau Family Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $23K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Papineau Family Foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, which is a strong positive for minimizing administrative overhead.
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 Papineau Family Foundation's IRS 990 filings:
- Significant annual expense volatility, such as the $873,470 expense in 202212 against $114,894 revenue.
- Substantial decrease in assets from $2,011,659 in 202112 to $939,808 in 202312, indicating significant asset utilization or losses.
- Negative revenue reported in 201912 ($-37,954), which could indicate investment losses or significant returns/adjustments.
Strengths
The following positive indicators were identified for Papineau Family Foundation:
- Consistent reporting of 0% officer compensation across all filings, indicating no executive salary overhead.
- Low liabilities, consistently reported as $1, suggesting minimal debt.
- Consistent filing of IRS Form 990s, demonstrating regulatory compliance.
Frequently Asked Questions about Papineau Family Foundation
Is Papineau Family Foundation a legitimate charity?
Papineau Family Foundation (EIN: 208115584) is a registered tax-exempt nonprofit based in New Mexico. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $117K. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Papineau Family Foundation spend its money?
Papineau Family Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Papineau Family Foundation tax-deductible?
Papineau Family Foundation is registered as a tax-exempt nonprofit (EIN: 208115584). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Papineau Family Foundation's spending goes to programs?
Papineau Family Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Papineau Family Foundation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Papineau Family Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Papineau Family Foundation located?
Papineau Family Foundation is headquartered in Santa Fe, New Mexico and files with the IRS under EIN 208115584. It is classified under NTEE code T20.
How many years of IRS 990 filings does Papineau Family Foundation have?
Papineau Family Foundation 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 $117K in total revenue.
What caused the significant expense of $873,470 in 202212, given the revenue of $114,894?
The provided data does not specify the nature of this large expense, but it likely represents a substantial grant or investment activity that significantly exceeded the year's revenue, drawing down the foundation's assets.
How does the foundation ensure its long-term financial stability with such fluctuating revenues and expenses?
The foundation's strategy for managing its asset base, which has varied significantly (e.g., from $2,011,659 in 202112 to $939,808 in 202312), would be crucial for understanding its long-term stability, especially given periods where expenses far exceed revenue.
What is the specific breakdown of program, administrative, and fundraising expenses?
The provided summary data does not offer a detailed breakdown of expenses beyond total expenses, making it difficult to precisely determine the allocation of funds to programs versus overhead.
Filing History
IRS 990 filing history for Papineau Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Papineau Family Foundation's revenue has grown by 16.8%, moving from $34K to $40K. Total assets decreased by 35.7% over the same period, from $1.5M to $940K. Total functional expenses fell by 26.7%, from $23K to $17K. In its most recent filing year (2023), Papineau Family Foundation reported a surplus of $23K, with revenue exceeding expenses. The organization holds $1 in liabilities against $940K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $940K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $40K | $17K | $940K | $1 | — | — |
| 2022 | $115K | $873K | $917K | $1 | — | View 990 |
| 2021 | $69K | $63K | $2.0M | $1 | — | View 990 |
| 2020 | $34K | $69K | $1.8M | $1 | — | — |
| 2019 | $-37,954 | $81K | $1.7M | $1 | — | — |
| 2015 | $77K | $32K | $1.6M | $1 | — | View 990 |
| 2014 | $104K | $40K | $1.5M | $1 | — | View 990 |
| 2013 | $68K | $36K | $1.5M | $1 | — | View 990 |
| 2012 | $56K | $74K | $1.4M | $1 | — | View 990 |
| 2011 | $34K | $23K | $1.5M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $40K, expenses of $17K, and assets of $940K (revenue -65.5% year-over-year).
- 2022: Revenue of $115K, expenses of $873K, and assets of $917K (revenue +66.9% year-over-year).
- 2021: Revenue of $69K, expenses of $63K, and assets of $2.0M (revenue +101.8% year-over-year).
- 2020: Revenue of $34K, expenses of $69K, and assets of $1.8M.
- 2019: Revenue of $-37,954, expenses of $81K, and assets of $1.7M (revenue -149.2% year-over-year).
- 2015: Revenue of $77K, expenses of $32K, and assets of $1.6M (revenue -25.8% year-over-year).
- 2014: Revenue of $104K, expenses of $40K, and assets of $1.5M (revenue +51.8% year-over-year).
- 2013: Revenue of $68K, expenses of $36K, and assets of $1.5M (revenue +23.2% year-over-year).
- 2012: Revenue of $56K, expenses of $74K, and assets of $1.4M (revenue +63.5% year-over-year).
- 2011: Revenue of $34K, expenses of $23K, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Papineau Family Foundation:
Data Sources and Methodology
This transparency report for Papineau 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.