The Joan And Leonard Engle Family Foundation
Small Family Foundation with Consistent Spending, Declining Assets
EIN: 222751779 · Providence, RI · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $102K |
| Total Expenses | $154K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $1.1M |
| Transparency Score | 65/100 |
Is The Joan And Leonard Engle Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Joan And Leonard Engle Family Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About The Joan And Leonard Engle Family Foundation
The Joan And Leonard Engle Family Foundation (EIN: 222751779) is a nonprofit organization based in Providence, RI. The organization reported total revenue of $102K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Joan And Leonard Engle Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Joan And Leonard Engle Family Foundation is a small nonprofit that has been operating for 40 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $105K |
| Total Expenses | $154K |
| Surplus / Deficit | $-49,481 |
| Total Assets | $1.1M |
| Total Liabilities | $1 |
| Net Assets | $1.1M |
| Operating Margin | -47.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 86.2 months |
Financial Health Grade: B
In 2023, The Joan And Leonard Engle Family Foundation reported a deficit of $49K with expenses exceeding revenue, holds 86.2 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 (2011–2023), The Joan And Leonard Engle Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -20.8% | +6.5% | -4.4% |
| 2022 | -9.1% | -7.6% | -1.4% |
| 2021 | +41.9% | +8.7% | -0.9% |
| 2020 | -33.9% | -1.8% | -3.6% |
| 2019 | +124.9% | +23.6% | -0.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
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 The Joan And Leonard Engle Family Foundation with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 30%
- programs: 70%
- fundraising: 0%
According to IRS 990 filings, The Joan And Leonard Engle Family Foundation allocates its expenses as follows: admin: 30%, programs: 70%, fundraising: 0%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $49K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The foundation consistently reports $0 in compensation for officers, directors, trustees, and key employees across all available filings, indicating a volunteer-run or unpaid leadership structure.
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 The Joan And Leonard Engle Family Foundation's IRS 990 filings:
- Assets have shown a consistent decline from $1,293,215 in 2014 to $1,106,698 in 2023, raising questions about long-term sustainability.
- The lack of detailed program information makes it challenging to evaluate the effectiveness and impact of their grants.
- Revenue has been inconsistent, with significant fluctuations (e.g., $199,012 in 2014 vs. $34,107 in 2013), which could impact future grantmaking capacity.
Strengths
The following positive indicators were identified for The Joan And Leonard Engle Family Foundation:
- Consistent reporting of 0% fundraising expenses suggests efficient operations with resources directly allocated to mission-related activities.
- The foundation maintains a substantial asset base relative to its annual expenses, providing a buffer for continued operations.
- The absence of executive compensation indicates a commitment to maximizing funds for charitable purposes.
Frequently Asked Questions about The Joan And Leonard Engle Family Foundation
Is The Joan And Leonard Engle Family Foundation a legitimate charity?
The Joan And Leonard Engle Family Foundation (EIN: 222751779) is a registered tax-exempt nonprofit based in Rhode Island. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $102K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does The Joan And Leonard Engle Family Foundation spend its money?
The Joan And Leonard Engle Family Foundation directs 70% of its spending to programs and services. This meets the 65% industry benchmark.
Are donations to The Joan And Leonard Engle Family Foundation tax-deductible?
The Joan And Leonard Engle Family Foundation is registered as a tax-exempt nonprofit (EIN: 222751779). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Joan And Leonard Engle Family Foundation CEO make?
The Joan And Leonard Engle Family Foundation's highest-compensated officer earns $0 annually. The organization reported $102K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is The Joan And Leonard Engle Family Foundation located?
The Joan And Leonard Engle Family Foundation is headquartered in Providence, Rhode Island and files with the IRS under EIN 222751779.
How many years of IRS 990 filings does The Joan And Leonard Engle Family Foundation have?
The Joan And Leonard Engle 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 $102K in total revenue.
What does The Joan And Leonard Engle Family Foundation do?
The Joan And Leonard Engle Family Foundation is a nonprofit organization in the Unknown sector, located in Providence, Rhode Island. It is classified under NTEE code Unknown.
How much revenue does The Joan And Leonard Engle Family Foundation have?
The Joan And Leonard Engle Family Foundation reported total revenue of $101,786. Based on 10 IRS 990 filings on record.
What are The Joan And Leonard Engle Family Foundation's total assets?
The Joan And Leonard Engle Family Foundation holds total assets of $1,165,404 as reported in IRS 990 filings.
Where is The Joan And Leonard Engle Family Foundation located?
The Joan And Leonard Engle Family Foundation is based in Providence, Rhode Island.
What is The Joan And Leonard Engle Family Foundation's EIN?
The Joan And Leonard Engle Family Foundation's Employer Identification Number (EIN) is 222751779. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is The Joan And Leonard Engle Family Foundation?
The Joan And Leonard Engle Family Foundation is classified under NTEE code Unknown (Unknown).
Is The Joan And Leonard Engle Family Foundation a registered 501(c)(3)?
The Joan And Leonard Engle Family Foundation appears in IRS records (EIN: 222751779). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does The Joan And Leonard Engle Family Foundation file IRS Form 990?
Yes, The Joan And Leonard Engle Family Foundation has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was The Joan And Leonard Engle Family Foundation's revenue in 2023?
In the 202312 filing period, The Joan And Leonard Engle Family Foundation reported total revenue of $104,505, total expenses of $153,986, and net assets of $1,106,698.
Is The Joan And Leonard Engle Family Foundation's revenue growing or declining?
The Joan And Leonard Engle Family Foundation's revenue is declining. Revenue went from $132,033 (202212) to $104,505 (202312), a -20.8% change. Based on 10 filings on record.
What is The Joan And Leonard Engle Family Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for The Joan And Leonard Engle Family Foundation covers tax period 202312. It shows revenue of $104,505, expenses of $153,986, total assets of $1,106,698, and liabilities of $1.
How much does The Joan And Leonard Engle Family Foundation spend on programs vs administration?
Based on IRS 990 analysis, The Joan And Leonard Engle Family Foundation allocates approximately 70% of expenses to program services, 30% to administrative costs, and 0% to fundraising. Program spending is moderate relative to overhead.
Is The Joan And Leonard Engle Family Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, The Joan And Leonard Engle Family Foundation shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for The Joan And Leonard Engle Family Foundation?
The following concerns were identified: Assets have shown a consistent decline from $1,293,215 in 2014 to $1,106,698 in 2023, raising questions about long-term sustainability.. The lack of detailed program information makes it challenging to evaluate the effectiveness and impact of their grants.. Revenue has been inconsistent, with significant fluctuations (e.g., $199,012 in 2014 vs. $34,107 in 2013), which could impact future grantmaking capacity.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are The Joan And Leonard Engle Family Foundation's strengths?
Positive indicators for The Joan And Leonard Engle Family Foundation include: Consistent reporting of 0% fundraising expenses suggests efficient operations with resources directly allocated to mission-related activities.. The foundation maintains a substantial asset base relative to its annual expenses, providing a buffer for continued operations.. The absence of executive compensation indicates a commitment to maximizing funds for charitable purposes.. These findings are derived from AI analysis of the organization's financial filings.
How does The Joan And Leonard Engle Family Foundation compensate executives?
The foundation consistently reports $0 in compensation for officers, directors, trustees, and key employees across all available filings, indicating a volunteer-run or unpaid leadership structure. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is The Joan And Leonard Engle Family Foundation?
• The foundation consistently reports zero fundraising expenses, indicating direct funding or minimal public outreach. • No specific program details are readily available from the provided data, making it difficult to assess impact. • The 'l1' and 'c0%' values across all filings suggest a lack of lobbying and no compensation for officers, directors, trustees, or key employees. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the consistent decline in assets and fluctuating revenue, what is the foundation's long-term strategy for maintaining its asset base and ensuring continued grantmaking capacity?
Without additional information, it's unclear if the asset decline is due to planned spending, market performance, or other factors. A clear strategy for asset management and revenue generation would be beneficial for long-term sustainability.
How does the foundation ensure its program spending is effective and aligned with its mission, given the lack of detailed program descriptions in the available data?
The provided data only shows total expenses. To assess effectiveness, more granular information on specific grants, beneficiaries, and outcomes would be necessary. Transparency in program details would enhance accountability.
Filing History
IRS 990 filing history for The Joan And Leonard Engle Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Joan And Leonard Engle Family Foundation's revenue has declined by 9.8%, moving from $116K to $105K. Total assets decreased by 20.3% over the same period, from $1.4M to $1.1M. Total functional expenses rose by 40.6%, from $110K to $154K. In its most recent filing year (2023), The Joan And Leonard Engle Family Foundation reported a deficit of $49K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $105K | $154K | $1.1M | $1 | — | — |
| 2022 | $132K | $145K | $1.2M | $1 | — | View 990 |
| 2021 | $145K | $156K | $1.2M | $1 | — | View 990 |
| 2020 | $102K | $144K | $1.2M | $1 | — | View 990 |
| 2019 | $155K | $147K | $1.2M | $1 | — | View 990 |
| 2015 | $69K | $119K | $1.2M | $1 | — | View 990 |
| 2014 | $199K | $117K | $1.3M | $1 | — | View 990 |
| 2013 | $34K | $118K | $1.2M | $1 | — | View 990 |
| 2012 | $12K | $102K | $1.3M | $1 | — | View 990 |
| 2011 | $116K | $110K | $1.4M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $105K, expenses of $154K, and assets of $1.1M (revenue -20.8% year-over-year).
- 2022: Revenue of $132K, expenses of $145K, and assets of $1.2M (revenue -9.1% year-over-year).
- 2021: Revenue of $145K, expenses of $156K, and assets of $1.2M (revenue +41.9% year-over-year).
- 2020: Revenue of $102K, expenses of $144K, and assets of $1.2M (revenue -33.9% year-over-year).
- 2019: Revenue of $155K, expenses of $147K, and assets of $1.2M (revenue +124.9% year-over-year).
- 2015: Revenue of $69K, expenses of $119K, and assets of $1.2M (revenue -65.4% year-over-year).
- 2014: Revenue of $199K, expenses of $117K, and assets of $1.3M (revenue +483.5% year-over-year).
- 2013: Revenue of $34K, expenses of $118K, and assets of $1.2M (revenue +194.0% year-over-year).
- 2012: Revenue of $12K, expenses of $102K, and assets of $1.3M (revenue -90.0% year-over-year).
- 2011: Revenue of $116K, expenses of $110K, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Joan And Leonard Engle Family Foundation:
Data Sources and Methodology
This transparency report for The Joan And Leonard Engle 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.