Pappalardo Family Foundation
Pappalardo Family Foundation's assets and revenue have significantly declined over the past decade, with consistent deficit spending.
EIN: 201828894 · Greenwich, CT · NTEE: T22 · Updated: 2026-03-28
Is Pappalardo Family Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Pappalardo Family Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Pappalardo Family Foundation
Pappalardo Family Foundation (EIN: 201828894) is a nonprofit organization based in Greenwich, CT, classified under NTEE code T22. The organization reported total revenue of $30K and total assets of $636K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pappalardo Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pappalardo Family Foundation is a micro nonprofit that has been operating for 21 years, with 7 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of -46.1%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $5K |
| Total Expenses | $55K |
| Surplus / Deficit | $-50,782 |
| Total Assets | $605K |
| Total Liabilities | $100 |
| Net Assets | $605K |
| Operating Margin | -1121.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 131.3 months |
Financial Health Grade: B
In 2020, Pappalardo Family Foundation reported a deficit of $51K with expenses exceeding revenue, holds 131.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 7 years of filings (2011–2020), Pappalardo Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -46.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -80.9% | -34.3% | +0.6% |
| 2019 | -72.6% | -41.0% | -80.8% |
| 2015 | -40.6% | -13.5% | -6.2% |
| 2014 | +43.7% | -18.0% | +0.3% |
| 2013 | +27.3% | +32.7% | +1.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Pappalardo Family Foundation with a Mission Score of 45 out of 100 (Fair). 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, Pappalardo 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 (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $51K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all available filings, indicating that the foundation's leadership does not receive a salary, which is a positive for donor funds given the organization's declining financial health.
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 Pappalardo Family Foundation's IRS 990 filings:
- Significant and consistent decline in total assets from over $3.3 million in 2011-2014 to $635,524 currently.
- Revenue has drastically decreased from $1,178,176 in 2011 to $29,934 in the latest period.
- Expenses consistently exceed revenue in recent years (e.g., $55,310 expenses vs. $4,528 revenue in 2020), indicating deficit spending.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data makes it difficult to fully assess spending efficiency.
Strengths
The following positive indicators were identified for Pappalardo Family Foundation:
- No reported officer compensation across all filings, indicating that leadership is not drawing a salary from the organization.
- Maintains a significant asset base of $635,524, despite the decline, which could still support some programmatic activities.
Frequently Asked Questions about Pappalardo Family Foundation
Is Pappalardo Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Pappalardo Family Foundation (EIN: 201828894) significant concerns. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
How does Pappalardo Family Foundation spend its money?
Pappalardo Family Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Pappalardo Family Foundation tax-deductible?
Pappalardo Family Foundation is registered as a tax-exempt nonprofit (EIN: 201828894). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the detailed breakdown of expenses (program, administrative, fundraising) for the Pappalardo Family Foundation?
The provided data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories, making it difficult to fully assess spending efficiency. The summary only shows total expenses.
What is the reason for the significant decline in assets and revenue since 2011?
The provided IRS 990 data does not specify the reasons for the decline. However, assets decreased from $3,337,070 in 2011 to $635,524 in the latest period, and revenue dropped from $1,178,176 to $29,934, suggesting a substantial change in funding or operational strategy.
How does the Pappalardo Family Foundation sustain its operations with expenses consistently exceeding revenue?
With expenses frequently exceeding revenue (e.g., $55,310 in expenses vs. $4,528 in revenue in 2020), the foundation appears to be drawing down its asset base to cover operational costs, which is not a sustainable long-term financial model.
Filing History
IRS 990 filing history for Pappalardo Family Foundation showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2020), Pappalardo Family Foundation's revenue has declined by 99.6%, moving from $1.2M to $5K. Total assets decreased by 81.9% over the same period, from $3.3M to $605K. Total functional expenses fell by 66.2%, from $163K to $55K. In its most recent filing year (2020), Pappalardo Family Foundation reported a deficit of $51K, with expenses exceeding revenue. The organization holds $100 in liabilities against $605K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $605K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $5K | $55K | $605K | $100 | — | View 990 |
| 2019 | $24K | $84K | $602K | $1 | — | View 990 |
| 2015 | $87K | $143K | $3.1M | $24K | — | View 990 |
| 2014 | $146K | $165K | $3.3M | $45K | — | View 990 |
| 2013 | $102K | $201K | $3.3M | $9K | — | View 990 |
| 2012 | $80K | $152K | $3.3M | $77K | — | View 990 |
| 2011 | $1.2M | $163K | $3.3M | $49K | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $5K, expenses of $55K, and assets of $605K (revenue -80.9% year-over-year).
- 2019: Revenue of $24K, expenses of $84K, and assets of $602K (revenue -72.6% year-over-year).
- 2015: Revenue of $87K, expenses of $143K, and assets of $3.1M (revenue -40.6% year-over-year).
- 2014: Revenue of $146K, expenses of $165K, and assets of $3.3M (revenue +43.7% year-over-year).
- 2013: Revenue of $102K, expenses of $201K, and assets of $3.3M (revenue +27.3% year-over-year).
- 2012: Revenue of $80K, expenses of $152K, and assets of $3.3M (revenue -93.2% year-over-year).
- 2011: Revenue of $1.2M, expenses of $163K, and assets of $3.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pappalardo Family Foundation:
Data Sources and Methodology
This transparency report for Pappalardo 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.