Stephanie H And David A Spina Family Foundation
Stephanie H And David A Spina Family Foundation consistently spends more than its annual revenue, drawing down its asset base to fulfill its mission.
EIN: 202017017 · Wayland, MA · NTEE: T22 · Updated: 2026-03-28
Is Stephanie H And David A Spina Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Stephanie H And David A Spina Family Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Stephanie H And David A Spina Family Foundation
Stephanie H And David A Spina Family Foundation (EIN: 202017017) is a nonprofit organization based in Wayland, MA, classified under NTEE code T22. The organization reported total revenue of $68K and total assets of $3.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Stephanie H And David A Spina Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Stephanie H And David A Spina 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Stephanie H And David A Spina Family Foundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the foundation's leadership is either unpaid or compensated through other means not reported as officer compensation, which is highly efficient for an organization of its asset 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 Stephanie H And David A Spina Family Foundation's IRS 990 filings:
- Consistent decline in assets due to spending exceeding revenue
- Unusual consistent $1 liability reported in recent filings
Strengths
The following positive indicators were identified for Stephanie H And David A Spina Family Foundation:
- Zero officer compensation, indicating highly efficient use of funds for administration
- Consistent IRS 990 filing history, demonstrating transparency
- Clear pattern of distributing funds for charitable purposes, typical for a private foundation
Frequently Asked Questions about Stephanie H And David A Spina Family Foundation
Is Stephanie H And David A Spina Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Stephanie H And David A Spina Family Foundation (EIN: 202017017) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Stephanie H And David A Spina Family Foundation spend its money?
Stephanie H And David A Spina Family Foundation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Stephanie H And David A Spina Family Foundation tax-deductible?
Stephanie H And David A Spina Family Foundation is registered as a tax-exempt nonprofit (EIN: 202017017). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Stephanie H And David A Spina Family Foundation a good charity?
Based on the available data, the foundation appears to be a well-managed private foundation with very low administrative overhead (0% officer compensation) and a clear pattern of distributing funds. Its consistent filing of Form 990s demonstrates transparency. The primary activity seems to be grantmaking, which is typical for its NTEE code.
Why are the foundation's assets decreasing over time?
The foundation's assets have decreased from $8,468,750 in 2015 to $3,896,903 in 2023 because its annual expenses have consistently exceeded its annual revenue in most recent years (e.g., $1,690,616 expenses vs. $635,342 revenue in 2023). This is a common strategy for private foundations to distribute their endowment over time.
What is the significance of the $1 liability reported in recent years?
The consistent reporting of $1 in liabilities from 2019 to 2023 is unusual. While it doesn't indicate significant financial risk, it could be an accounting anomaly or a placeholder for a minor, recurring liability. It's not a typical financial reporting practice but doesn't raise major concerns given the overall financial health.
Filing History
IRS 990 filing history for Stephanie H And David A Spina Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Stephanie H And David A Spina Family Foundation's revenue has grown by 99.3%, moving from $319K to $635K. Total assets decreased by 52.1% over the same period, from $8.1M to $3.9M. Total functional expenses rose by 204.1%, from $556K to $1.7M. In its most recent filing year (2023), Stephanie H And David A Spina Family Foundation reported a deficit of $1.1M, with expenses exceeding revenue. The organization holds $1 in liabilities against $3.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $635K | $1.7M | $3.9M | $1 | — | — |
| 2022 | $808K | $2.3M | $5.0M | $1 | — | View 990 |
| 2021 | $1.1M | $1.7M | $6.4M | $1 | — | View 990 |
| 2020 | $330K | $1.4M | $7.0M | $1 | — | — |
| 2019 | $575K | $952K | $8.1M | $1 | — | View 990 |
| 2015 | $1.4M | $725K | $8.5M | $0 | — | View 990 |
| 2014 | $631K | $718K | $7.8M | $0 | — | View 990 |
| 2013 | $468K | $676K | $7.9M | $0 | — | View 990 |
| 2012 | $483K | $514K | $8.1M | $0 | — | View 990 |
| 2011 | $319K | $556K | $8.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $635K, expenses of $1.7M, and assets of $3.9M (revenue -21.4% year-over-year).
- 2022: Revenue of $808K, expenses of $2.3M, and assets of $5.0M (revenue -26.2% year-over-year).
- 2021: Revenue of $1.1M, expenses of $1.7M, and assets of $6.4M (revenue +231.1% year-over-year).
- 2020: Revenue of $330K, expenses of $1.4M, and assets of $7.0M (revenue -42.5% year-over-year).
- 2019: Revenue of $575K, expenses of $952K, and assets of $8.1M (revenue -58.7% year-over-year).
- 2015: Revenue of $1.4M, expenses of $725K, and assets of $8.5M (revenue +120.3% year-over-year).
- 2014: Revenue of $631K, expenses of $718K, and assets of $7.8M (revenue +34.7% year-over-year).
- 2013: Revenue of $468K, expenses of $676K, and assets of $7.9M (revenue -3.1% year-over-year).
- 2012: Revenue of $483K, expenses of $514K, and assets of $8.1M (revenue +51.6% year-over-year).
- 2011: Revenue of $319K, expenses of $556K, and assets of $8.1M.
Data Sources and Methodology
This transparency report for Stephanie H And David A Spina 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.