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

$9.6MRevenue

$21.3MAssets

92/100Mission Score (Excellent)

T20

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.

AI Transparency Report

The Pasculano Foundation appears to be a well-managed private foundation with a strong financial position. Its assets have consistently grown over the past decade, from $15.2 million in 2011 to $21.2 million currently, indicating sound investment strategies and financial stewardship. The organization consistently reports minimal liabilities ($1 across all filings), suggesting a very low debt burden and strong financial stability. While revenue and expenses fluctuate year-to-year, which is common for foundations that make grants, the overall trend shows a healthy asset base supporting its philanthropic activities.

The foundation demonstrates excellent transparency regarding executive compensation, reporting 0% officer compensation across all available filings. This indicates that the foundation's leadership is either unpaid or compensated through other means not classified as officer compensation, which is a positive sign for donor confidence. The NTEE code T20 (Private Grantmaking Foundations) aligns with its operational model, and the consistent filing of IRS Form 990s over ten periods demonstrates a commitment to regulatory compliance and public disclosure.

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.

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

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.	PDF
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.

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.