Schiavi Family Foundation
Schiavi Family Foundation shows consistent asset growth and zero officer compensation over a decade.
EIN: 10463183 · Portland, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $10.7M |
| Total Expenses | $704K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $29 |
| Net Assets | $29.0M |
| Transparency Score | 95/100 |
Is Schiavi Family Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Schiavi Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Schiavi Family Foundation
Schiavi Family Foundation (EIN: 10463183) is a nonprofit organization based in Portland, ME. The organization reported total revenue of $10.7M and total assets of $35.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Schiavi Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Schiavi Family Foundation is a large nonprofit that has been operating for 34 years, with 10 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 15.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $885K |
| Total Expenses | $704K |
| Surplus / Deficit | +$181K |
| Total Assets | $29.0M |
| Total Liabilities | $1 |
| Net Assets | $29.0M |
| Operating Margin | 20.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 494.2 months |
Financial Health Grade: A
In 2023, Schiavi Family Foundation reported a surplus of $181K with revenue exceeding expenses, holds 494.2 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 (2012–2023), Schiavi Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 15.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +57.4% | -4.1% | +8.5% |
| 2022 | -88.4% | +29.6% | +35.0% |
| 2021 | +1917.9% | +15.1% | +18.2% |
| 2020 | -33.9% | +1.2% | +17.2% |
| 2019 | -15.0% | +66.6% | +193.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
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 Schiavi Family Foundation with a Mission Score of 95 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, Schiavi 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 $181K, 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 officers receive salaries from the foundation. This is highly unusual for an organization of its size, with assets exceeding $29 million, and suggests a strong commitment to maximizing funds for programmatic use.
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 Schiavi Family Foundation:
- Consistent 0% officer compensation, indicating high efficiency and dedication to mission.
- Significant and consistent asset growth, from $4.45M in 2012 to $29M in 2023.
- Minimal liabilities reported across all filings, demonstrating strong financial management.
- Expenses generally well-managed relative to revenue, allowing for asset accumulation.
- Clear and consistent filing history with the IRS, indicating good transparency.
Frequently Asked Questions about Schiavi Family Foundation
Is Schiavi Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Schiavi Family Foundation (EIN: 10463183) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Schiavi Family Foundation spend its money?
Schiavi Family Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Schiavi Family Foundation tax-deductible?
Schiavi Family Foundation is registered as a tax-exempt nonprofit (EIN: 10463183). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Schiavi Family Foundation CEO make?
Schiavi Family Foundation's highest-compensated officer earns $29 annually. The organization reported $10.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Schiavi Family Foundation located?
Schiavi Family Foundation is headquartered in Portland, Maine and files with the IRS under EIN 10463183.
How many years of IRS 990 filings does Schiavi Family Foundation have?
Schiavi 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 $10.7M in total revenue.
Is Schiavi Family Foundation a good charity?
Based on the provided data, the Schiavi Family Foundation appears to be a very good charity. It demonstrates excellent financial health, consistent asset growth, and a remarkable commitment to its mission by reporting 0% officer compensation across all filings. This suggests that nearly all expenses are directed towards program services and administrative overhead, with no funds diverted to executive salaries.
How has the foundation's asset base changed over time?
The foundation's assets have grown substantially, from $4,450,848 in 2012 to $29,010,840 in 2023, representing an increase of over 550% in just over a decade. This indicates strong financial stewardship and investment.
What is the foundation's approach to executive compensation?
The Schiavi Family Foundation consistently reports 0% officer compensation in all its IRS 990 filings. This means that no salaries are paid to its officers, which is a highly positive indicator of efficiency and dedication to its charitable purpose.
How does the foundation's revenue compare to its expenses?
In most years, the foundation's revenue has exceeded its expenses, contributing to its significant asset growth. For example, in 2023, revenue was $885,099 against expenses of $704,375. There were a few years, like 2022 and 2020, where expenses slightly exceeded revenue, but these were offset by other periods of strong revenue generation.
Filing History
IRS 990 filing history for Schiavi Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2023), Schiavi Family Foundation's revenue has grown by 400.2%, moving from $177K to $885K. Total assets increased by 551.8% over the same period, from $4.5M to $29.0M. Total functional expenses rose by 334.3%, from $162K to $704K. In its most recent filing year (2023), Schiavi Family Foundation reported a surplus of $181K, with revenue exceeding expenses. The organization holds $1 in liabilities against $29.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $29.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $885K | $704K | $29.0M | $1 | — | View 990 |
| 2022 | $562K | $734K | $26.7M | $1 | — | View 990 |
| 2021 | $4.8M | $567K | $19.8M | $1 | — | View 990 |
| 2020 | $240K | $492K | $16.7M | $1 | — | View 990 |
| 2019 | $363K | $486K | $14.3M | $0 | — | View 990 |
| 2015 | $427K | $292K | $4.9M | $0 | — | View 990 |
| 2014 | $540K | $132K | $5.0M | $0 | — | View 990 |
| 2013 | $161K | $242K | $4.9M | $0 | — | View 990 |
| 2013 | $291K | $246K | $4.7M | $0 | — | View 990 |
| 2012 | $177K | $162K | $4.5M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $885K, expenses of $704K, and assets of $29.0M (revenue +57.4% year-over-year).
- 2022: Revenue of $562K, expenses of $734K, and assets of $26.7M (revenue -88.4% year-over-year).
- 2021: Revenue of $4.8M, expenses of $567K, and assets of $19.8M (revenue +1917.9% year-over-year).
- 2020: Revenue of $240K, expenses of $492K, and assets of $16.7M (revenue -33.9% year-over-year).
- 2019: Revenue of $363K, expenses of $486K, and assets of $14.3M (revenue -15.0% year-over-year).
- 2015: Revenue of $427K, expenses of $292K, and assets of $4.9M (revenue -20.9% year-over-year).
- 2014: Revenue of $540K, expenses of $132K, and assets of $5.0M (revenue +235.6% year-over-year).
- 2013: Revenue of $161K, expenses of $242K, and assets of $4.9M (revenue -44.7% year-over-year).
- 2013: Revenue of $291K, expenses of $246K, and assets of $4.7M (revenue +64.5% year-over-year).
- 2012: Revenue of $177K, expenses of $162K, and assets of $4.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Schiavi Family Foundation:
Data Sources and Methodology
This transparency report for Schiavi 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.