The Joseph And Winifred Amaturo Education Foundation Inc
Amaturo Education Foundation consistently maintains low expenses and zero officer compensation amidst fluctuating revenues and assets.
EIN: 201379562 · Ft Lauderdale, FL · NTEE: B920 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.2M |
| Total Expenses | $207K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $8.8M |
| Transparency Score | 92/100 |
Is The Joseph And Winifred Amaturo Education Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Joseph And Winifred Amaturo Education Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Joseph And Winifred Amaturo Education Foundation Inc
The Joseph And Winifred Amaturo Education Foundation Inc (EIN: 201379562) is a nonprofit organization based in Ft Lauderdale, FL, classified under NTEE code B920. The organization reported total revenue of $5.2M and total assets of $9.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Joseph And Winifred Amaturo Education Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Joseph And Winifred Amaturo Education Foundation Inc is a mid-size nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -4.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $103K |
| Total Expenses | $207K |
| Surplus / Deficit | $-103,676 |
| Total Assets | $8.8M |
| Total Liabilities | $1 |
| Net Assets | $8.8M |
| Operating Margin | -100.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 509.4 months |
Financial Health Grade: B
In 2023, The Joseph And Winifred Amaturo Education Foundation Inc reported a deficit of $104K with expenses exceeding revenue, holds 509.4 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), The Joseph And Winifred Amaturo Education Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -4.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -68.2% | +10.0% | -1.2% |
| 2023 | -66.7% | -1.7% | +1.4% |
| 2022 | +15.1% | -25.6% | +9.6% |
| 2021 | -78.1% | -1.0% | +7.9% |
| 2020 | +1186.3% | +14.2% | +124.0% |
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 The Joseph And Winifred Amaturo Education Foundation Inc with a Mission Score of 92 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, The Joseph And Winifred Amaturo Education Foundation Inc allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. 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 deficit of $104K, with expenses exceeding revenue.
- 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 commendable for a foundation of this size with assets ranging from $3 million to over $24 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of The Joseph And Winifred Amaturo Education Foundation Inc's IRS 990 filings:
- Significant negative revenue reported in 201502 ($-21,092,055) without immediate explanation
- Large fluctuations in total assets over the years, from over $24 million to $3 million and then to $8-9 million, warranting further investigation into asset management strategies.
Strengths
The following positive indicators were identified for The Joseph And Winifred Amaturo Education Foundation Inc:
- Consistent reporting of 0% officer compensation, indicating high efficiency and dedication to mission.
- Low expenses relative to revenue and assets, demonstrating strong financial management.
- Assets consistently exceed liabilities, indicating a strong balance sheet.
- Maintains a stable asset base in recent years (around $8-9 million) after earlier fluctuations.
Frequently Asked Questions about The Joseph And Winifred Amaturo Education Foundation Inc
Is The Joseph And Winifred Amaturo Education Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Joseph And Winifred Amaturo Education Foundation Inc (EIN: 201379562) some concerns. Mission Score: 92/100. 2 red flags identified, 4 strengths noted.
How does The Joseph And Winifred Amaturo Education Foundation Inc spend its money?
The Joseph And Winifred Amaturo Education Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Joseph And Winifred Amaturo Education Foundation Inc tax-deductible?
The Joseph And Winifred Amaturo Education Foundation Inc is registered as a tax-exempt nonprofit (EIN: 201379562). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Joseph And Winifred Amaturo Education Foundation Inc CEO make?
The Joseph And Winifred Amaturo Education Foundation Inc's highest-compensated officer earns $3 annually. The organization reported $5.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of The Joseph And Winifred Amaturo Education Foundation Inc's spending goes to programs?
The Joseph And Winifred Amaturo Education Foundation Inc directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Joseph And Winifred Amaturo Education Foundation Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), The Joseph And Winifred Amaturo Education Foundation Inc is above average for NTEE category B920 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Joseph And Winifred Amaturo Education Foundation Inc located?
The Joseph And Winifred Amaturo Education Foundation Inc is headquartered in Ft Lauderdale, Florida and files with the IRS under EIN 201379562. It is classified under NTEE code B920.
How many years of IRS 990 filings does The Joseph And Winifred Amaturo Education Foundation Inc have?
The Joseph And Winifred Amaturo Education Foundation Inc 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 $5.2M in total revenue.
What caused the significant decrease in assets from over $24 million in 2014 to around $3 million in 2015?
The IRS 990 filings show a sharp decline in assets from $24,607,939 in 201402 to $3,236,795 in 201502, coinciding with a reported revenue of $-21,092,055 in 201502. This suggests a major divestment or a significant financial event that impacted the foundation's asset base.
How does the foundation manage to operate with zero officer compensation?
The consistent reporting of 0% officer compensation across all filings indicates that the foundation's leadership may be entirely volunteer-based or compensated through other means not classified as officer compensation, which is a strong indicator of dedication to its mission.
What is the primary source of the foundation's revenue, given its fluctuations?
While the filings show fluctuating revenue, including a large negative figure in 201502 and significant positive figures in other years (e.g., $3,864,361 in 202002), the specific sources (e.g., investment income, grants, donations) are not detailed in the provided summary. Further examination of the full 990 forms would be needed.
Filing History
IRS 990 filing history for The Joseph And Winifred Amaturo Education Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2023), The Joseph And Winifred Amaturo Education Foundation Inc's revenue has declined by 37.5%, moving from $165K to $103K. Total assets decreased by 64% over the same period, from $24.4M to $8.8M. Total functional expenses rose by 34.8%, from $154K to $207K. In its most recent filing year (2023), The Joseph And Winifred Amaturo Education Foundation Inc reported a deficit of $104K, with expenses exceeding revenue. The organization holds $1 in liabilities against $8.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $8.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $103K | $207K | $8.8M | $1 | — | — |
| 2023 | $325K | $188K | $8.9M | $1 | — | View 990 |
| 2022 | $975K | $192K | $8.8M | $1 | — | View 990 |
| 2021 | $847K | $257K | $8.0M | $1 | — | — |
| 2020 | $3.9M | $260K | $7.4M | $0 | — | View 990 |
| 2016 | $300K | $228K | $3.3M | $0 | — | View 990 |
| 2015 | $-21,092,055 | $270K | $3.2M | $0 | — | View 990 |
| 2014 | $520K | $302K | $24.6M | $0 | — | View 990 |
| 2013 | $175K | $185K | $24.4M | $0 | — | View 990 |
| 2012 | $165K | $154K | $24.4M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $103K, expenses of $207K, and assets of $8.8M (revenue -68.2% year-over-year).
- 2023: Revenue of $325K, expenses of $188K, and assets of $8.9M (revenue -66.7% year-over-year).
- 2022: Revenue of $975K, expenses of $192K, and assets of $8.8M (revenue +15.1% year-over-year).
- 2021: Revenue of $847K, expenses of $257K, and assets of $8.0M (revenue -78.1% year-over-year).
- 2020: Revenue of $3.9M, expenses of $260K, and assets of $7.4M (revenue +1186.3% year-over-year).
- 2016: Revenue of $300K, expenses of $228K, and assets of $3.3M.
- 2015: Revenue of $-21,092,055, expenses of $270K, and assets of $3.2M (revenue -4158.5% year-over-year).
- 2014: Revenue of $520K, expenses of $302K, and assets of $24.6M (revenue +196.9% year-over-year).
- 2013: Revenue of $175K, expenses of $185K, and assets of $24.4M (revenue +5.9% year-over-year).
- 2012: Revenue of $165K, expenses of $154K, and assets of $24.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Joseph And Winifred Amaturo Education Foundation Inc:
Data Sources and Methodology
This transparency report for The Joseph And Winifred Amaturo Education Foundation Inc 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.