Richard And Patricia Flocchinifamily Foundation
Richard And Patricia Flocchinifamily Foundation shows consistent asset growth and no officer compensation over a decade.
EIN: 205770072 · Reno, NV · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $96K |
| Total Expenses | $21K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $500,000. |
| Net Assets | $527K |
| Transparency Score | 85/100 |
Is Richard And Patricia Flocchinifamily Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Richard And Patricia Flocchinifamily Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Richard And Patricia Flocchinifamily Foundation
Richard And Patricia Flocchinifamily Foundation (EIN: 205770072) is a nonprofit organization based in Reno, NV, classified under NTEE code T22. The organization reported total revenue of $96K and total assets of $550K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Richard And Patricia Flocchinifamily Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Richard And Patricia Flocchinifamily Foundation is a micro 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 -1.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $30K |
| Total Expenses | $21K |
| Surplus / Deficit | +$9K |
| Total Assets | $527K |
| Total Liabilities | $1 |
| Net Assets | $527K |
| Operating Margin | 30.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 304.1 months |
Financial Health Grade: A
In 2023, Richard And Patricia Flocchinifamily Foundation reported a surplus of $9K with revenue exceeding expenses, holds 304.1 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), Richard And Patricia Flocchinifamily Foundation's revenue has declined at a compound annual growth rate (CAGR) of -1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -34.8% | -13.5% | +1.6% |
| 2022 | -43.0% | -29.9% | +4.3% |
| 2021 | +448.6% | +15.7% | +8.9% |
| 2020 | -76.8% | -30.8% | -3.2% |
| 2019 | -17.0% | +71.5% | +21.0% |
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 Richard And Patricia Flocchinifamily 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, Richard And Patricia Flocchinifamily 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 $9K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the foundation's leadership operates on a volunteer basis or without salary, which is highly efficient for a foundation of its size with assets over $500,000.
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.
Strengths
The following positive indicators were identified for Richard And Patricia Flocchinifamily Foundation:
- Consistent asset growth, from $233,241 in 2011 to $550,012 currently.
- Zero officer compensation, indicating high efficiency in leadership costs.
- Minimal liabilities reported across all periods, demonstrating strong financial management.
- Consistent IRS 990 filing history, reflecting good transparency.
- Positive net income in most years, contributing to asset accumulation.
Frequently Asked Questions about Richard And Patricia Flocchinifamily Foundation
Is Richard And Patricia Flocchinifamily Foundation a legitimate charity?
Richard And Patricia Flocchinifamily Foundation (EIN: 205770072) is a registered tax-exempt nonprofit based in Nevada. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $96K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Richard And Patricia Flocchinifamily Foundation spend its money?
Richard And Patricia Flocchinifamily Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Richard And Patricia Flocchinifamily Foundation tax-deductible?
Richard And Patricia Flocchinifamily Foundation is registered as a tax-exempt nonprofit (EIN: 205770072). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Richard And Patricia Flocchinifamily Foundation CEO make?
Richard And Patricia Flocchinifamily Foundation's highest-compensated officer earns $500,000. annually. The organization reported $96K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Richard And Patricia Flocchinifamily Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Richard And Patricia Flocchinifamily 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 Richard And Patricia Flocchinifamily Foundation located?
Richard And Patricia Flocchinifamily Foundation is headquartered in Reno, Nevada and files with the IRS under EIN 205770072. It is classified under NTEE code T22.
How many years of IRS 990 filings does Richard And Patricia Flocchinifamily Foundation have?
Richard And Patricia Flocchinifamily 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 $96K in total revenue.
Is the Richard And Patricia Flocchinifamily Foundation financially stable?
Yes, the foundation appears financially stable, consistently growing its assets from $233,241 in 2011 to $550,012 currently, and maintaining minimal liabilities.
Does the foundation pay its officers?
No, the IRS 990 data indicates 0% officer compensation across all reported periods, suggesting a volunteer or unpaid leadership structure.
How has the foundation's revenue trended?
Revenue has fluctuated year-to-year, ranging from a low of $14,588 in 2020 to a high of $95,503 currently, but overall assets have shown consistent growth.
What is the foundation's approach to managing liabilities?
The foundation consistently reports minimal liabilities, often $1, indicating a very conservative and responsible approach to financial obligations.
Filing History
IRS 990 filing history for Richard And Patricia Flocchinifamily Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Richard And Patricia Flocchinifamily Foundation's revenue has declined by 11.7%, moving from $34K to $30K. Total assets increased by 126.1% over the same period, from $233K to $527K. Total functional expenses rose by 31.8%, from $16K to $21K. In its most recent filing year (2023), Richard And Patricia Flocchinifamily Foundation reported a surplus of $9K, with revenue exceeding expenses. The organization holds $1 in liabilities against $527K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $527K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $30K | $21K | $527K | $1 | — | — |
| 2022 | $46K | $24K | $519K | $1 | — | View 990 |
| 2021 | $80K | $34K | $498K | $1 | — | — |
| 2020 | $15K | $30K | $457K | $1 | — | — |
| 2019 | $63K | $43K | $472K | $1 | — | View 990 |
| 2015 | $76K | $25K | $390K | $1 | — | View 990 |
| 2014 | $61K | $30K | $361K | $0 | — | View 990 |
| 2013 | $42K | $27K | $331K | $0 | — | View 990 |
| 2012 | $85K | $22K | $315K | $0 | — | View 990 |
| 2011 | $34K | $16K | $233K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $30K, expenses of $21K, and assets of $527K (revenue -34.8% year-over-year).
- 2022: Revenue of $46K, expenses of $24K, and assets of $519K (revenue -43.0% year-over-year).
- 2021: Revenue of $80K, expenses of $34K, and assets of $498K (revenue +448.6% year-over-year).
- 2020: Revenue of $15K, expenses of $30K, and assets of $457K (revenue -76.8% year-over-year).
- 2019: Revenue of $63K, expenses of $43K, and assets of $472K (revenue -17.0% year-over-year).
- 2015: Revenue of $76K, expenses of $25K, and assets of $390K (revenue +24.5% year-over-year).
- 2014: Revenue of $61K, expenses of $30K, and assets of $361K (revenue +43.2% year-over-year).
- 2013: Revenue of $42K, expenses of $27K, and assets of $331K (revenue -50.2% year-over-year).
- 2012: Revenue of $85K, expenses of $22K, and assets of $315K (revenue +153.3% year-over-year).
- 2011: Revenue of $34K, expenses of $16K, and assets of $233K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Richard And Patricia Flocchinifamily Foundation:
Data Sources and Methodology
This transparency report for Richard And Patricia Flocchinifamily 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.