The Octoberhill Foundation C/O Sharon Trulock Esq
Octoberhill Foundation faces consistent deficits and declining assets over the past decade.
EIN: 137049883 · Newtown, CT · NTEE: T20Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $48K |
| Total Expenses | $216K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $162K |
| Transparency Score | 55/100 |
Is The Octoberhill Foundation C/O Sharon Trulock Esq Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Octoberhill Foundation C/O Sharon Trulock Esq directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Octoberhill Foundation C/O Sharon Trulock Esq
The Octoberhill Foundation C/O Sharon Trulock Esq (EIN: 137049883) is a nonprofit organization based in Newtown, CT, classified under NTEE code T20Z. The organization reported total revenue of $48K and total assets of $128K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Octoberhill Foundation C/O Sharon Trulock Esq's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Octoberhill Foundation C/O Sharon Trulock Esq is a micro nonprofit that has been operating for 31 years, with 10 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -303.5% | -18.0% | -61.1% |
| 2022 | -97.7% | -21.9% | -37.0% |
| 2021 | +141.6% | +7.7% | +283.5% |
| 2020 | +4.6% | -16.4% | +19.8% |
| 2019 | -35.8% | -39.5% | -66.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
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 Octoberhill Foundation C/O Sharon Trulock Esq with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, The Octoberhill Foundation C/O Sharon Trulock Esq allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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:
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as $0 across all available filings, indicating either a fully volunteer-led organization or that compensation is not reported under this specific line item, which is a positive sign for minimizing overhead costs.
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 Octoberhill Foundation C/O Sharon Trulock Esq's IRS 990 filings:
- Consistent negative net income (expenses exceeding revenue) in multiple years, including a $-37,981 revenue in 2023.
- Significant decline in assets from $1,342,471 in 2011 to $162,122 in 2023, indicating asset depletion.
- High volatility in annual revenue and expenses, making financial planning and sustainability challenging.
Strengths
The following positive indicators were identified for The Octoberhill Foundation C/O Sharon Trulock Esq:
- Consistent reporting of $0 officer compensation, indicating low administrative overhead in this area.
- Minimal reported liabilities ($1 in most years), suggesting a lack of significant debt.
Frequently Asked Questions about The Octoberhill Foundation C/O Sharon Trulock Esq
Is The Octoberhill Foundation C/O Sharon Trulock Esq a legitimate charity?
The Octoberhill Foundation C/O Sharon Trulock Esq (EIN: 137049883) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 55/100. It has 10 years of IRS 990 filings on record. Total revenue: $48K. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does The Octoberhill Foundation C/O Sharon Trulock Esq spend its money?
The Octoberhill Foundation C/O Sharon Trulock Esq directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to The Octoberhill Foundation C/O Sharon Trulock Esq tax-deductible?
The Octoberhill Foundation C/O Sharon Trulock Esq is registered as a tax-exempt nonprofit (EIN: 137049883). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Octoberhill Foundation C/O Sharon Trulock Esq CEO make?
The Octoberhill Foundation C/O Sharon Trulock Esq's highest-compensated officer earns $0 annually. The organization reported $48K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of The Octoberhill Foundation C/O Sharon Trulock Esq's spending goes to programs?
The Octoberhill Foundation C/O Sharon Trulock Esq directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Octoberhill Foundation C/O Sharon Trulock Esq compare to similar nonprofits?
With a transparency score of 55/100 (Fair), The Octoberhill Foundation C/O Sharon Trulock Esq is near average for NTEE category T20Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Octoberhill Foundation C/O Sharon Trulock Esq located?
The Octoberhill Foundation C/O Sharon Trulock Esq is headquartered in Newtown, Connecticut and files with the IRS under EIN 137049883. It is classified under NTEE code T20Z.
How many years of IRS 990 filings does The Octoberhill Foundation C/O Sharon Trulock Esq have?
The Octoberhill Foundation C/O Sharon Trulock Esq 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 $48K in total revenue.
Why did The Octoberhill Foundation report negative revenue of $-37,981 in 2023?
Negative revenue can occur due to significant returns, adjustments, or losses on investments that exceed other income sources. This specific instance in 2023, coupled with $216,179 in expenses, indicates a substantial financial challenge for the year.
How does The Octoberhill Foundation sustain operations with recurring deficits?
The organization appears to be drawing down its assets to cover expenses, as evidenced by the decline from $1,342,471 in 2011 to $162,122 in 2023, alongside years where expenses significantly outpaced revenue.
What is the nature of the 'Liabilities=$1' reported in most filings?
A consistent liability of $1 is unusual and could indicate a placeholder or a minor, recurring administrative liability. It suggests the organization has minimal outstanding debt or significant financial obligations.
What are the primary program activities given the NTEE code T20Z?
The NTEE code T20Z typically refers to 'Philanthropy, Voluntarism, and Grantmaking Foundations - Other,' suggesting the organization primarily engages in grantmaking or supporting other charitable organizations rather than direct service provision.
Filing History
IRS 990 filing history for The Octoberhill Foundation C/O Sharon Trulock Esq showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Octoberhill Foundation C/O Sharon Trulock Esq's revenue has declined by 103.1%, moving from $1.2M to $-37,981. Total assets decreased by 87.9% over the same period, from $1.3M to $162K. Total functional expenses fell by 84.7%, from $1.4M to $216K. The organization holds $1 in liabilities against $162K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $162K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-37,981 | $216K | $162K | $1 | — | — |
| 2022 | $19K | $263K | $416K | $1 | — | View 990 |
| 2021 | $826K | $337K | $661K | $1 | — | — |
| 2020 | $342K | $313K | $172K | $1 | — | View 990 |
| 2019 | $327K | $375K | $144K | $1 | — | View 990 |
| 2015 | $509K | $620K | $431K | $1 | — | View 990 |
| 2014 | $59K | $670K | $541K | $1 | — | View 990 |
| 2013 | $1.1M | $1.1M | $1.2M | $1 | — | View 990 |
| 2012 | $960K | $1.2M | $1.1M | $1 | — | View 990 |
| 2011 | $1.2M | $1.4M | $1.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-37,981, expenses of $216K, and assets of $162K (revenue -303.5% year-over-year).
- 2022: Revenue of $19K, expenses of $263K, and assets of $416K (revenue -97.7% year-over-year).
- 2021: Revenue of $826K, expenses of $337K, and assets of $661K (revenue +141.6% year-over-year).
- 2020: Revenue of $342K, expenses of $313K, and assets of $172K (revenue +4.6% year-over-year).
- 2019: Revenue of $327K, expenses of $375K, and assets of $144K (revenue -35.8% year-over-year).
- 2015: Revenue of $509K, expenses of $620K, and assets of $431K (revenue +762.3% year-over-year).
- 2014: Revenue of $59K, expenses of $670K, and assets of $541K (revenue -94.8% year-over-year).
- 2013: Revenue of $1.1M, expenses of $1.1M, and assets of $1.2M (revenue +18.3% year-over-year).
- 2012: Revenue of $960K, expenses of $1.2M, and assets of $1.1M (revenue -22.0% year-over-year).
- 2011: Revenue of $1.2M, expenses of $1.4M, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Octoberhill Foundation C/O Sharon Trulock Esq:
Data Sources and Methodology
This transparency report for The Octoberhill Foundation C/O Sharon Trulock Esq 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.