Remondi Family Foundation
Remondi Family Foundation maintains substantial assets and zero officer compensation, with fluctuating annual revenue and expenses.
EIN: 208037556 · New York, NY · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.1M |
| Total Expenses | $354K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $27,040,276 |
| Net Assets | $27.0M |
| Transparency Score | 85/100 |
Is Remondi Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Remondi Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Remondi Family Foundation
Remondi Family Foundation (EIN: 208037556) is a nonprofit organization based in New York, NY, classified under NTEE code T22. The organization reported total revenue of $6.1M and total assets of $29.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Remondi Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Remondi Family Foundation is a mid-size 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 -9.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $899K |
| Total Expenses | $354K |
| Surplus / Deficit | +$545K |
| Total Assets | $27.0M |
| Total Liabilities | $1 |
| Net Assets | $27.0M |
| Operating Margin | 60.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 917.6 months |
Financial Health Grade: A
In 2023, Remondi Family Foundation reported a surplus of $545K with revenue exceeding expenses, holds 917.6 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), Remondi Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -9.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +785.7% | -94.3% | -2.1% |
| 2022 | -99.4% | +1876.9% | -17.2% |
| 2021 | +582.3% | +84.6% | +44.6% |
| 2020 | +116.0% | -90.0% | +11.8% |
| 2019 | -80.2% | -37.4% | +13.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Remondi Family Foundation 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Remondi Family Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 $545K, with revenue exceeding expenses.
- 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 unusual for an organization of this asset size ($27,040,276 in 2023).
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 Remondi Family Foundation's IRS 990 filings:
- Significant year-over-year fluctuations in revenue and expenses, which, while common for foundations, could indicate unpredictable grantmaking patterns if not explained by investment performance.
Strengths
The following positive indicators were identified for Remondi Family Foundation:
- Consistently low liabilities ($1 across all filings), indicating strong financial health.
- Zero officer compensation reported across all filings, suggesting extremely low administrative overhead related to executive salaries.
- Substantial and growing asset base, reaching $27,040,276 in 2023, providing long-term stability.
- Consistent IRS 990 filing history over 10 periods, demonstrating regulatory compliance and transparency.
Frequently Asked Questions about Remondi Family Foundation
Is Remondi Family Foundation a legitimate charity?
Remondi Family Foundation (EIN: 208037556) 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: $6.1M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Remondi Family Foundation spend its money?
Remondi Family Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Remondi Family Foundation tax-deductible?
Remondi Family Foundation is registered as a tax-exempt nonprofit (EIN: 208037556). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Remondi Family Foundation CEO make?
Remondi Family Foundation's highest-compensated officer earns $27,040,276 annually. The organization reported $6.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Remondi Family Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Remondi Family Foundation 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 Remondi Family Foundation located?
Remondi Family Foundation is headquartered in New York, New York and files with the IRS under EIN 208037556. It is classified under NTEE code T22.
How many years of IRS 990 filings does Remondi Family Foundation have?
Remondi 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 $6.1M in total revenue.
Is Remondi Family Foundation a good charity?
Based on the available data, the Remondi Family Foundation appears to be a well-managed private foundation with strong financial stability (assets of $27,040,276 in 2023) and a commitment to minimizing overhead, as evidenced by 0% officer compensation. Its primary function is likely grantmaking, which is not detailed in this summary but is typical for foundations.
How does the foundation manage its administrative costs?
The foundation reports 0% officer compensation in all filings, suggesting extremely low or non-existent executive salary costs. This indicates a highly efficient administrative structure, though specific administrative expense figures beyond officer compensation are not provided in this summary.
What caused the significant expense spike in 2022?
In 2022, the foundation reported expenses of $6,158,727 against revenue of $101,468. This significant expense could be due to a large grant distribution, substantial investment losses, or other significant outlays, which is not uncommon for foundations making periodic large contributions.
Filing History
IRS 990 filing history for Remondi Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Remondi Family Foundation's revenue has declined by 71.5%, moving from $3.2M to $899K. Total assets increased by 164.4% over the same period, from $10.2M to $27.0M. Total functional expenses rose by 57%, from $225K to $354K. In its most recent filing year (2023), Remondi Family Foundation reported a surplus of $545K, with revenue exceeding expenses. The organization holds $1 in liabilities against $27.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $27.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $899K | $354K | $27.0M | $1 | — | — |
| 2022 | $101K | $6.2M | $27.6M | $1 | — | View 990 |
| 2021 | $17.8M | $312K | $33.4M | $1 | — | View 990 |
| 2020 | $2.6M | $169K | $23.1M | $1 | — | View 990 |
| 2019 | $1.2M | $1.7M | $20.6M | $1 | — | — |
| 2015 | $6.1M | $2.7M | $18.2M | $1 | — | View 990 |
| 2014 | $2.9M | $657K | $14.8M | $1 | — | View 990 |
| 2013 | $2.3M | $1.0M | $16.7M | $1 | — | View 990 |
| 2012 | $3.4M | $458K | $13.7M | $1 | — | View 990 |
| 2011 | $3.2M | $225K | $10.2M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $899K, expenses of $354K, and assets of $27.0M (revenue +785.7% year-over-year).
- 2022: Revenue of $101K, expenses of $6.2M, and assets of $27.6M (revenue -99.4% year-over-year).
- 2021: Revenue of $17.8M, expenses of $312K, and assets of $33.4M (revenue +582.3% year-over-year).
- 2020: Revenue of $2.6M, expenses of $169K, and assets of $23.1M (revenue +116.0% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.7M, and assets of $20.6M (revenue -80.2% year-over-year).
- 2015: Revenue of $6.1M, expenses of $2.7M, and assets of $18.2M (revenue +113.2% year-over-year).
- 2014: Revenue of $2.9M, expenses of $657K, and assets of $14.8M (revenue +26.2% year-over-year).
- 2013: Revenue of $2.3M, expenses of $1.0M, and assets of $16.7M (revenue -33.8% year-over-year).
- 2012: Revenue of $3.4M, expenses of $458K, and assets of $13.7M (revenue +8.5% year-over-year).
- 2011: Revenue of $3.2M, expenses of $225K, and assets of $10.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Remondi Family Foundation:
Data Sources and Methodology
This transparency report for Remondi 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.