The Pasculano Foundation
The Pasculano Foundation maintains strong asset growth and reports no officer compensation.
EIN: 208037834 · Cape Eliz, ME · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $9.6M |
| Total Expenses | $2.8M |
| Program Spending | 90% |
| Net Assets | $17.1M |
| Transparency Score | 92/100 |
Search Intent Cockpit
The Pasculano Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals
The Pasculano Foundation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around The Pasculano Foundation in one place.
Form 990 Filing Summary
10 filing years are available, with latest revenue of $1.6M and expenses of $2.8M.
Revenue and Expenses
The Pasculano Foundation reported $1.6M in revenue and $2.8M in expenses, a deficit of $1.2M.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
92/100 mission score, 1 red flag, and 5 strengths are shown from structured and AI review.
Is The Pasculano Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $2.5M (90%) |
Across stored filings, The Pasculano Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 1 red flag identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade B | 10 stored filing years |
| Peer context | Compare with Maine Composite Materials Applied Technology Development Center | Maine and Philanthropy context |
Trust Check
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90% of spending goes to programs.
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The Pasculano Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Pasculano Foundation
The Pasculano Foundation (EIN: 208037834) is a nonprofit organization based in Cape Eliz, ME, classified under NTEE code T20. The organization reported total revenue of $9.6M and total assets of $21.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Pasculano Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Pasculano Foundation is a mid-size nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $2.8M |
| Surplus / Deficit | $-1,179,763 |
| Total Assets | $17.1M |
| Total Liabilities | $1 |
| Net Assets | $17.1M |
| Operating Margin | -74.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 74.5 months |
Financial Health Grade: B
In 2023, The Pasculano Foundation reported a deficit of $1.2M with expenses exceeding revenue, holds 74.5 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 Pasculano Foundation's revenue has grown at a compound annual growth rate (CAGR) of 7.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +51.6% | +103.7% | -6.5% |
| 2022 | -79.8% | +7.3% | -1.7% |
| 2021 | +376.7% | -11.0% | +26.3% |
| 2020 | -28.9% | -26.4% | -2.3% |
| 2019 | -7.5% | +101.8% | -5.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Pasculano Foundation 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 Pasculano Foundation 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 $1.2M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Pasculano Foundation reports 0% officer compensation across all ten available IRS 990 filings, indicating that its leadership is not compensated through traditional officer salaries, which is highly favorable for financial efficiency.
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 Pasculano Foundation's IRS 990 filings:
- None identified based on provided data.
Strengths
The following positive indicators were identified for The Pasculano Foundation:
- Consistent asset growth, increasing from $15.2 million in 2011 to $21.2 million currently.
- Zero reported officer compensation across all filings, indicating high efficiency in leadership costs.
- Minimal liabilities ($1 reported consistently), demonstrating strong financial stability and low debt.
- Consistent IRS 990 filing history over 10 periods, showing commitment to transparency and compliance.
- Strong financial health with a substantial asset base to support its mission.
Frequently Asked Questions about The Pasculano Foundation
Is The Pasculano Foundation a legitimate charity?
The Pasculano Foundation (EIN: 208037834) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 92/100. It has 10 years of IRS 990 filings on record. Total revenue: $9.6M. 1 red flag identified. 5 strengths noted. Financial health grade: B.
How does The Pasculano Foundation spend its money?
The Pasculano Foundation directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to The Pasculano Foundation tax-deductible?
The Pasculano Foundation is registered as a tax-exempt nonprofit (EIN: 208037834). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Pasculano Foundation's spending goes to programs?
The Pasculano Foundation directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Pasculano Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), The Pasculano Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Pasculano Foundation located?
The Pasculano Foundation is headquartered in Cape Eliz, Maine and files with the IRS under EIN 208037834. It is classified under NTEE code T20.
How many years of IRS 990 filings does The Pasculano Foundation have?
The Pasculano 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 $9.6M in total revenue.
How does The Pasculano Foundation manage its grantmaking activities given fluctuating annual revenues?
As a private foundation, The Pasculano Foundation likely relies on its substantial asset base (currently $21.2 million) and investment returns to fund its grantmaking, rather than solely on annual contributions. This allows for more stable grant disbursements despite variations in yearly revenue.
What is the nature of the 'Liabilities=$1' reported consistently across all filings?
The consistent reporting of $1 in liabilities across all filings is highly unusual and typically indicates a nominal placeholder or an accounting practice that effectively reports no significant outstanding debts or obligations, reinforcing the foundation's strong financial health.
Does the foundation have a clear strategy for asset growth and preservation?
The consistent growth in assets from $15.2 million in 2011 to $21.2 million currently, despite periods where expenses exceeded revenue (e.g., 202312, 202212), suggests a robust investment strategy aimed at long-term asset growth and preservation to sustain its philanthropic mission.
Filing History
IRS 990 filing history for The Pasculano Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Pasculano Foundation's revenue has grown by 137.7%, moving from $662K to $1.6M. Total assets increased by 12.4% over the same period, from $15.2M to $17.1M. Total functional expenses rose by 73%, from $1.6M to $2.8M. In its most recent filing year (2023), The Pasculano Foundation reported a deficit of $1.2M, with expenses exceeding revenue. The organization holds $1 in liabilities against $17.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $17.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $2.8M | $17.1M | $1 | — | — |
| 2022 | $1.0M | $1.4M | $18.3M | $1 | — | — |
| 2021 | $5.1M | $1.3M | $18.6M | $1 | — | View 990 |
| 2020 | $1.1M | $1.4M | $14.7M | $1 | — | View 990 |
| 2019 | $1.5M | $1.9M | $15.1M | $1 | — | View 990 |
| 2015 | $1.6M | $953K | $16.0M | $1 | — | View 990 |
| 2014 | $1.4M | $1.2M | $15.3M | $1 | — | — |
| 2013 | $607K | $886K | $15.1M | $1 | — | View 990 |
| 2012 | $765K | $577K | $15.4M | $1 | — | View 990 |
| 2011 | $662K | $1.6M | $15.2M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $2.8M, and assets of $17.1M (revenue +51.6% year-over-year).
- 2022: Revenue of $1.0M, expenses of $1.4M, and assets of $18.3M (revenue -79.8% year-over-year).
- 2021: Revenue of $5.1M, expenses of $1.3M, and assets of $18.6M (revenue +376.7% year-over-year).
- 2020: Revenue of $1.1M, expenses of $1.4M, and assets of $14.7M (revenue -28.9% year-over-year).
- 2019: Revenue of $1.5M, expenses of $1.9M, and assets of $15.1M (revenue -7.5% year-over-year).
- 2015: Revenue of $1.6M, expenses of $953K, and assets of $16.0M (revenue +13.2% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.2M, and assets of $15.3M (revenue +138.3% year-over-year).
- 2013: Revenue of $607K, expenses of $886K, and assets of $15.1M (revenue -20.6% year-over-year).
- 2012: Revenue of $765K, expenses of $577K, and assets of $15.4M (revenue +15.5% year-over-year).
- 2011: Revenue of $662K, expenses of $1.6M, and assets of $15.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Pasculano Foundation:
Data Sources and Methodology
This transparency report for The Pasculano 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.