The Leonetti Oconnell Family Foundation
Leonetti Oconnell Family Foundation consistently directs over 90% of expenses to programs with no officer compensation.
EIN: 203889415 · Los Angeles, CA · NTEE: T50 · Updated: 2026-03-28
Is The Leonetti Oconnell Family Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Leonetti Oconnell Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Leonetti Oconnell Family Foundation
The Leonetti Oconnell Family Foundation (EIN: 203889415) is a nonprofit organization based in Los Angeles, CA, classified under NTEE code T50. The organization reported total revenue of $7.7M and total assets of $93.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Leonetti Oconnell Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Leonetti Oconnell Family Foundation is a mid-size nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.8M |
| Total Expenses | $4.2M |
| Surplus / Deficit | $-1,401,847 |
| Total Assets | $98.7M |
| Total Liabilities | $562K |
| Net Assets | $98.1M |
| Operating Margin | -50.6% |
| Debt-to-Asset Ratio | 0.6% |
| Months of Reserves | 283.9 months |
Financial Health Grade: B
In 2023, The Leonetti Oconnell Family Foundation reported a deficit of $1.4M with expenses exceeding revenue, holds 283.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.6% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), The Leonetti Oconnell Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.2% | +3.4% | -5.4% |
| 2022 | -84.1% | -35.4% | +5.1% |
| 2021 | +39.4% | +61.9% | +24.0% |
| 2020 | +827.9% | -16.5% | +8.9% |
| 2019 | +65.8% | +87.0% | +54.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Leonetti Oconnell 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, The Leonetti Oconnell 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 deficit of $1.4M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.6%.
Executive Compensation Analysis
The Leonetti Oconnell Family Foundation reports 0% officer compensation across all available filings, indicating that its leadership is unpaid, which is highly commendable for an organization with assets exceeding $98 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.
Strengths
The following positive indicators were identified for The Leonetti Oconnell Family Foundation:
- High program spending ratio (e.g., 90% in 2023)
- Zero officer compensation reported across all filings
- Significant growth in assets over the past decade (from $36M in 2011 to $98M in 2023)
- Low administrative spending (10% in 2023)
- Consistent financial stability with low liabilities relative to assets
Frequently Asked Questions about The Leonetti Oconnell Family Foundation
Is The Leonetti Oconnell Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, The Leonetti Oconnell Family Foundation (EIN: 203889415) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does The Leonetti Oconnell Family Foundation spend its money?
The Leonetti Oconnell Family Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Leonetti Oconnell Family Foundation tax-deductible?
The Leonetti Oconnell Family Foundation is registered as a tax-exempt nonprofit (EIN: 203889415). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is The Leonetti Oconnell Family Foundation a good charity?
Based on the IRS 990 data, The Leonetti Oconnell Family Foundation appears to be a very good charity. It consistently allocates a high percentage of its expenses (e.g., 90% in 2023) to program services, reports no officer compensation, and has significantly grown its assets over time, demonstrating strong financial health and mission focus.
How does The Leonetti Oconnell Family Foundation manage its administrative costs?
The foundation manages its administrative costs very efficiently, with only 10% of its total expenses in 2023 allocated to administration. This low ratio is consistent across its filing history, indicating a lean operational structure.
What is the trend in the foundation's assets?
The foundation's assets have shown a strong upward trend, growing from $36 million in 2011 to over $98 million in 2023, indicating effective asset management and financial growth.
Does the foundation pay its executives?
No, the foundation reports 0% officer compensation in all available IRS 990 filings, suggesting that its executives are unpaid.
Filing History
IRS 990 filing history for The Leonetti Oconnell Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Leonetti Oconnell Family Foundation's revenue has grown by 52.1%, moving from $1.8M to $2.8M. Total assets increased by 173.3% over the same period, from $36.1M to $98.7M. Total functional expenses rose by 88.5%, from $2.2M to $4.2M. In its most recent filing year (2023), The Leonetti Oconnell Family Foundation reported a deficit of $1.4M, with expenses exceeding revenue. The organization holds $562K in liabilities against $98.7M in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $98.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.8M | $4.2M | $98.7M | $562K | — | View 990 |
| 2022 | $3.0M | $4.0M | $104.3M | $752K | — | View 990 |
| 2021 | $18.5M | $6.2M | $99.3M | $3.3M | — | View 990 |
| 2020 | $13.3M | $3.9M | $80.1M | $535K | — | View 990 |
| 2019 | $1.4M | $4.6M | $73.5M | $535K | — | — |
| 2015 | $864K | $2.5M | $47.5M | $239K | — | View 990 |
| 2014 | $3.8M | $2.1M | $45.6M | $124K | — | View 990 |
| 2013 | $4.8M | $2.1M | $43.8M | $35K | — | View 990 |
| 2012 | $6.7M | $1.7M | $41.1M | $35K | — | View 990 |
| 2011 | $1.8M | $2.2M | $36.1M | $60K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.8M, expenses of $4.2M, and assets of $98.7M (revenue -6.2% year-over-year).
- 2022: Revenue of $3.0M, expenses of $4.0M, and assets of $104.3M (revenue -84.1% year-over-year).
- 2021: Revenue of $18.5M, expenses of $6.2M, and assets of $99.3M (revenue +39.4% year-over-year).
- 2020: Revenue of $13.3M, expenses of $3.9M, and assets of $80.1M (revenue +827.9% year-over-year).
- 2019: Revenue of $1.4M, expenses of $4.6M, and assets of $73.5M (revenue +65.8% year-over-year).
- 2015: Revenue of $864K, expenses of $2.5M, and assets of $47.5M (revenue -77.3% year-over-year).
- 2014: Revenue of $3.8M, expenses of $2.1M, and assets of $45.6M (revenue -20.8% year-over-year).
- 2013: Revenue of $4.8M, expenses of $2.1M, and assets of $43.8M (revenue -28.0% year-over-year).
- 2012: Revenue of $6.7M, expenses of $1.7M, and assets of $41.1M (revenue +266.0% year-over-year).
- 2011: Revenue of $1.8M, expenses of $2.2M, and assets of $36.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Leonetti Oconnell Family Foundation:
Data Sources and Methodology
This transparency report for The Leonetti Oconnell 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.