Petrucci Family Foundation Inc
Petrucci Family Foundation maintains strong asset growth and zero executive compensation, despite occasional revenue fluctuations.
EIN: 201601999 · Asbury, NJ · NTEE: B12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.6M |
| Total Expenses | $1.2M |
| Program Spending | 90% |
| Net Assets | $18.6M |
| Transparency Score | 85/100 |
Is Petrucci Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Petrucci Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Petrucci Family Foundation Inc
Petrucci Family Foundation Inc (EIN: 201601999) is a nonprofit organization based in Asbury, NJ, classified under NTEE code B12. The organization reported total revenue of $4.6M and total assets of $20.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Petrucci Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Petrucci Family Foundation Inc is a mid-size nonprofit that has been operating for 20 years, with 9 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -7.8%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $316K |
| Total Expenses | $1.2M |
| Surplus / Deficit | $-877,372 |
| Total Assets | $18.6M |
| Total Liabilities | $1 |
| Net Assets | $18.6M |
| Operating Margin | -277.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 186.9 months |
Financial Health Grade: B
In 2022, Petrucci Family Foundation Inc reported a deficit of $877K with expenses exceeding revenue, holds 186.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2022), Petrucci Family Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -7.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -95.6% | +189.0% | -10.4% |
| 2021 | +330.1% | -61.5% | +55.5% |
| 2020 | +19.8% | +95.5% | -6.8% |
| 2019 | +1709.5% | +24.8% | +94.2% |
| 2015 | -95.9% | +27.5% | +2.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Petrucci Family 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Petrucci Family Foundation Inc allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $877K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly efficient for a foundation of this size.
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 Petrucci Family Foundation Inc's IRS 990 filings:
- Significant expense exceeding revenue in some periods (e.g., 2022 expenses of $1,193,250 vs. revenue of $315,878), which, while common for foundations drawing from endowments, could be a concern if not managed sustainably.
Strengths
The following positive indicators were identified for Petrucci Family Foundation Inc:
- Consistent asset growth, reaching $20,835,363.
- Zero officer compensation reported across all filings, indicating high efficiency in resource allocation.
- Long history of consistent IRS 990 filings, demonstrating transparency.
- Strong program focus as a grant-making foundation.
Frequently Asked Questions about Petrucci Family Foundation Inc
Is Petrucci Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Petrucci Family Foundation Inc (EIN: 201601999) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Petrucci Family Foundation Inc spend its money?
Petrucci Family Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Petrucci Family Foundation Inc tax-deductible?
Petrucci Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 201601999). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Petrucci Family Foundation Inc's spending goes to programs?
Petrucci Family Foundation Inc directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Petrucci Family Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Petrucci Family Foundation Inc is above average for NTEE category B12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Petrucci Family Foundation Inc located?
Petrucci Family Foundation Inc is headquartered in Asbury, New Jersey and files with the IRS under EIN 201601999. It is classified under NTEE code B12.
How many years of IRS 990 filings does Petrucci Family Foundation Inc have?
Petrucci Family Foundation Inc has 9 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 $4.6M in total revenue.
Is Petrucci Family Foundation Inc. a good charity?
Yes, the Petrucci Family Foundation Inc. appears to be a good charity, particularly for those interested in supporting a grant-making foundation with strong financial health, significant assets ($20,835,363), and a commitment to zero executive compensation.
How does the foundation manage its expenses relative to its revenue?
The foundation's revenue and expenses can fluctuate significantly year-to-year. For example, in 2021, revenue was $7,160,794 against expenses of $412,956, while in 2022, revenue was $315,878 against expenses of $1,193,250. This suggests the foundation strategically deploys its accumulated assets and investment income rather than solely relying on annual contributions to cover expenses.
What is the trend in the foundation's assets?
The foundation has shown consistent and substantial asset growth, increasing from $3,828,671 in 2011 to $20,835,363 currently, indicating strong financial management and investment performance.
Filing History
IRS 990 filing history for Petrucci Family Foundation Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2022), Petrucci Family Foundation Inc's revenue has declined by 59%, moving from $771K to $316K. Total assets increased by 385.5% over the same period, from $3.8M to $18.6M. Total functional expenses rose by 326.1%, from $280K to $1.2M. In its most recent filing year (2022), Petrucci Family Foundation Inc reported a deficit of $877K, with expenses exceeding revenue. The organization holds $1 in liabilities against $18.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $18.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $316K | $1.2M | $18.6M | $1 | — | View 990 |
| 2021 | $7.2M | $413K | $20.7M | $1 | — | View 990 |
| 2020 | $1.7M | $1.1M | $13.3M | $1 | — | View 990 |
| 2019 | $1.4M | $549K | $14.3M | $1 | — | View 990 |
| 2015 | $77K | $440K | $7.4M | $0 | — | View 990 |
| 2014 | $1.9M | $345K | $7.2M | $8K | — | View 990 |
| 2013 | $543K | $237K | $6.3M | $2K | — | View 990 |
| 2012 | $968K | $329K | $4.8M | $2K | — | View 990 |
| 2011 | $771K | $280K | $3.8M | $15K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $316K, expenses of $1.2M, and assets of $18.6M (revenue -95.6% year-over-year).
- 2021: Revenue of $7.2M, expenses of $413K, and assets of $20.7M (revenue +330.1% year-over-year).
- 2020: Revenue of $1.7M, expenses of $1.1M, and assets of $13.3M (revenue +19.8% year-over-year).
- 2019: Revenue of $1.4M, expenses of $549K, and assets of $14.3M (revenue +1709.5% year-over-year).
- 2015: Revenue of $77K, expenses of $440K, and assets of $7.4M (revenue -95.9% year-over-year).
- 2014: Revenue of $1.9M, expenses of $345K, and assets of $7.2M (revenue +246.3% year-over-year).
- 2013: Revenue of $543K, expenses of $237K, and assets of $6.3M (revenue -43.8% year-over-year).
- 2012: Revenue of $968K, expenses of $329K, and assets of $4.8M (revenue +25.5% year-over-year).
- 2011: Revenue of $771K, expenses of $280K, and assets of $3.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Petrucci Family Foundation Inc:
Data Sources and Methodology
This transparency report for Petrucci Family 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.