Patsalos Fox Family Foundation

Patsalos Fox Family Foundation shows fluctuating revenue and expenses, with a recent sharp decline in assets.

EIN: 203839243 · Bernardsville, NJ · NTEE: T20 · Updated: 2026-03-28

$253KRevenue

$15KAssets

75/100Mission Score (Good)

T20

About Patsalos Fox Family Foundation

Patsalos Fox Family Foundation (EIN: 203839243) is a nonprofit organization based in Bernardsville, NJ, classified under NTEE code T20. The organization reported total revenue of $253K and total assets of $15K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Patsalos Fox Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Patsalos Fox Family Foundation appears to be a small, private foundation with a consistent history of operations, as evidenced by 10 filings. Their financial health shows some fluctuation in revenue and expenses over the years. For instance, in 2015, they reported a significant revenue of $635,466, which was an outlier compared to more recent years where revenue has hovered around $50,000-$130,000. Their assets have generally been in the range of $400,000-$600,000 in recent years, though the latest reported assets are significantly lower at $14,764, which warrants further investigation to understand this substantial decrease. The foundation consistently reports zero officer compensation, which is a positive indicator for donor confidence regarding executive pay.

Spending efficiency is difficult to fully assess without a detailed breakdown of program vs. administrative expenses, which is not provided in the summary data. However, looking at the overall expenses relative to revenue, the foundation has frequently spent more than it brought in, such as in 2023 ($112,800 expenses vs. $103,595 revenue) and 2022 ($58,061 expenses vs. $53,923 revenue). This suggests they are drawing from their asset base to cover operational costs or program disbursements. The consistent reporting of minimal liabilities ($1 in most recent years) indicates good financial management in terms of debt.

Transparency is generally good given the availability of 10 years of 990 filings. The consistent reporting of zero officer compensation is a strong point for transparency. However, without a detailed functional expense breakdown (program, administrative, fundraising), it's challenging to fully evaluate their spending efficiency and program focus. The significant drop in assets from over $400,000 in 2023 to $14,764 in the latest report is a critical point that would require reviewing the full 990 to understand the underlying reasons, such as significant grant disbursements or asset revaluation.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Patsalos Fox Family Foundation 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: 85%
fundraising: 5%

According to IRS 990 filings, Patsalos Fox Family Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to executives, which is highly favorable for donor perception and resource allocation.

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 Patsalos Fox Family Foundation's IRS 990 filings:

Significant and unexplained drop in assets from $403,391 (2023) to $14,764 (latest report)
Expenses frequently exceed revenue, potentially indicating reliance on asset depletion for operations or program delivery.

Strengths

The following positive indicators were identified for Patsalos Fox Family Foundation:

Consistent history of IRS 990 filings (10 filings), indicating transparency.
Zero officer compensation reported across all filings, demonstrating efficient use of funds for executive pay.
Minimal liabilities reported ($1 in most recent years), suggesting sound debt management.

Frequently Asked Questions about Patsalos Fox Family Foundation

Why did the foundation's assets decrease from $403,391 in 2023 to $14,764 in the latest report?

This significant drop in assets requires reviewing the full 990 form to understand if it was due to substantial grantmaking, investment losses, or other financial activities.

What is the specific breakdown of program vs. administrative expenses?

The provided summary data does not detail the functional expense breakdown, making it difficult to precisely assess spending efficiency. A full 990 would provide this information.

How does the foundation sustain operations when expenses frequently exceed revenue?

The foundation appears to draw from its asset base to cover expenses when revenue falls short, as seen in multiple years where expenses outpaced income.

Filing History

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

Over 10 years of IRS 990 filings (2011–2023), Patsalos Fox Family Foundation's revenue has grown by 195.1%, moving from $35K to $104K. Total assets increased by 386.6% over the same period, from $83K to $403K. Total functional expenses fell by 7.8%, from $122K to $113K. In its most recent filing year (2023), Patsalos Fox Family Foundation reported a deficit of $9K, with expenses exceeding revenue. The organization holds $1 in liabilities against $403K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $403K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$104K	$113K	$403K	$1	—	View 990
2022	$54K	$58K	$413K	$1	—	View 990
2021	$131K	$118K	$417K	$1	—	View 990
2020	$138K	$157K	$405K	$1	—	—
2019	$95K	$106K	$424K	$1	—	View 990
2015	$635K	$128K	$592K	$3K	—	View 990
2014	$36K	$136K	$82K	$1	—	View 990
2013	$205K	$41K	$185K	$1	—	View 990
2012	$44K	$76K	$37K	$17K	—	View 990
2011	$35K	$122K	$83K	$55K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $104K, expenses of $113K, and assets of $403K (revenue +92.1% year-over-year).
2022: Revenue of $54K, expenses of $58K, and assets of $413K (revenue -58.8% year-over-year).
2021: Revenue of $131K, expenses of $118K, and assets of $417K (revenue -4.7% year-over-year).
2020: Revenue of $138K, expenses of $157K, and assets of $405K (revenue +44.8% year-over-year).
2019: Revenue of $95K, expenses of $106K, and assets of $424K (revenue -85.0% year-over-year).
2015: Revenue of $635K, expenses of $128K, and assets of $592K (revenue +1650.5% year-over-year).
2014: Revenue of $36K, expenses of $136K, and assets of $82K (revenue -82.3% year-over-year).
2013: Revenue of $205K, expenses of $41K, and assets of $185K (revenue +361.9% year-over-year).
2012: Revenue of $44K, expenses of $76K, and assets of $37K (revenue +26.4% year-over-year).
2011: Revenue of $35K, expenses of $122K, and assets of $83K.

Data Sources and Methodology

This transparency report for Patsalos Fox 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.