The@Michael And Jeanne Falzone Charitable Foundation
Falzone Charitable Foundation shows minimal financial activity and program spending in recent years.
EIN: 207382184 · North Hampton, NH · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $50K |
| Total Expenses | $150 |
| Net Assets | $10K |
| Transparency Score | 20/100 |
Search Intent Cockpit
The@Michael And Jeanne Falzone Charitable Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals
The@Michael And Jeanne Falzone Charitable 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@Michael And Jeanne Falzone Charitable Foundation in one place.
Form 990 Filing Summary
10 filing years are available, with latest revenue of $2 and expenses of $150.
Revenue and Expenses
The@Michael And Jeanne Falzone Charitable Foundation reported $2 in revenue and $150 in expenses, a deficit of $148.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
20/100 mission score, 3 red flags, and 2 strengths are shown from structured and AI review.
Is The@Michael And Jeanne Falzone Charitable Foundation Legit?
Significant 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
Functional expense detail is not available on the stored filing yet. Existing program percentage and future extracted expense fields will populate this panel.
Across stored filings, The@Michael And Jeanne Falzone Charitable Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, functional expense detail, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Significant Concerns | Good filing record; 3 red flags identified |
| Mission spend | Pending | Unknown |
| Financial durability | Grade B | 10 stored filing years |
| Peer context | Compare with Hellenic Society Paideia Of New Hampshire | New Hampshire and Philanthropy context |
Trust Check
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About The@Michael And Jeanne Falzone Charitable Foundation
The@Michael And Jeanne Falzone Charitable Foundation (EIN: 207382184) is a nonprofit organization based in North Hampton, NH, classified under NTEE code T22. The organization reported total revenue of $50K and total assets of $40K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The@Michael And Jeanne Falzone Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The@Michael And Jeanne Falzone Charitable Foundation is a micro nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2 |
| Total Expenses | $150 |
| Surplus / Deficit | $-148 |
| Total Assets | $10K |
| Total Liabilities | $1 |
| Net Assets | $10K |
| Operating Margin | -7400.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 790.5 months |
Financial Health Grade: B
In 2023, The@Michael And Jeanne Falzone Charitable Foundation reported a deficit of $148 with expenses exceeding revenue, holds 790.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +100.0% | — | -1.5% |
| 2022 | +0.0% | — | +0.0% |
| 2021 | -50.0% | — | +0.0% |
| 2020 | -89.5% | — | +0.0% |
| 2019 | -100.0% | -100.0% | +80.0% |
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@Michael And Jeanne Falzone Charitable Foundation with a Mission Score of 20 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, The@Michael And Jeanne Falzone Charitable Foundation allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $148, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership serves on a volunteer basis and does not draw a salary, which is typical for very small foundations.
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@Michael And Jeanne Falzone Charitable Foundation's IRS 990 filings:
- Extremely low program spending in recent years (e.g., $0 expenses for multiple years, $150 in 2023).
- Minimal financial activity, with revenue often reported as $1 or $2.
- Lack of clear impact given the minimal expenses reported.
Strengths
The following positive indicators were identified for The@Michael And Jeanne Falzone Charitable Foundation:
- No officer compensation, indicating volunteer leadership.
- Consistently low liabilities ($1), suggesting sound financial management of its small asset base.
Frequently Asked Questions about The@Michael And Jeanne Falzone Charitable Foundation
Is The@Michael And Jeanne Falzone Charitable Foundation a legitimate charity?
The@Michael And Jeanne Falzone Charitable Foundation (EIN: 207382184) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 20/100. It has 10 years of IRS 990 filings on record. Total revenue: $50K. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does The@Michael And Jeanne Falzone Charitable Foundation spend its money?
The@Michael And Jeanne Falzone Charitable Foundation reported $50K in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to The@Michael And Jeanne Falzone Charitable Foundation tax-deductible?
The@Michael And Jeanne Falzone Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 207382184). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does The@Michael And Jeanne Falzone Charitable Foundation compare to similar nonprofits?
With a transparency score of 20/100 (Poor), The@Michael And Jeanne Falzone Charitable Foundation is below average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The@Michael And Jeanne Falzone Charitable Foundation located?
The@Michael And Jeanne Falzone Charitable Foundation is headquartered in North Hampton, New Hampshire and files with the IRS under EIN 207382184. It is classified under NTEE code T22.
How many years of IRS 990 filings does The@Michael And Jeanne Falzone Charitable Foundation have?
The@Michael And Jeanne Falzone Charitable 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 $50K in total revenue.
What are the current charitable activities of The Michael And Jeanne Falzone Charitable Foundation?
Based on the recent filings showing $0 in expenses for several years (e.g., 2022, 2021, 2020, 2019) and only $150 in expenses in 2023 against $2 in revenue, it is unclear what specific charitable programs or grants the foundation is currently undertaking. The NTEE code T22 suggests it is a private foundation, but the lack of significant program spending is notable.
Why has the foundation's revenue been consistently low in recent years?
The foundation has reported extremely low revenue, often $1 or $2, in its most recent filings (2019-2023). This could indicate a period of dormancy, a shift in funding strategy, or that its primary purpose is not to actively solicit public donations but rather to manage a small endowment or specific family-directed giving.
Filing History
IRS 990 filing history for The@Michael And Jeanne Falzone Charitable Foundation showing financial trends over 10 years of public records:
Total assets decreased by 47.8% over the same period, from $19K to $10K. Total functional expenses fell by 98.9%, from $14K to $150. In its most recent filing year (2023), The@Michael And Jeanne Falzone Charitable Foundation reported a deficit of $148, with expenses exceeding revenue. The organization holds $1 in liabilities against $10K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $10K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2 | $150 | $10K | $1 | — | — |
| 2022 | $1 | $0 | $10K | $1 | — | View 990 |
| 2021 | $1 | $0 | $10K | $1 | — | — |
| 2020 | $2 | $0 | $10K | $1 | — | — |
| 2019 | $19 | $0 | $10K | $1 | — | View 990 |
| 2015 | $57K | $55K | $6K | $1 | — | View 990 |
| 2014 | $501 | $3K | $3K | $1 | — | View 990 |
| 2013 | $116 | $3K | $5K | $1 | — | View 990 |
| 2012 | $-2,108 | $9K | $8K | $1 | — | View 990 |
| 2011 | $-8,568 | $14K | $19K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2, expenses of $150, and assets of $10K (revenue +100.0% year-over-year).
- 2022: Revenue of $1, expenses of $0, and assets of $10K (revenue +0.0% year-over-year).
- 2021: Revenue of $1, expenses of $0, and assets of $10K (revenue -50.0% year-over-year).
- 2020: Revenue of $2, expenses of $0, and assets of $10K (revenue -89.5% year-over-year).
- 2019: Revenue of $19, expenses of $0, and assets of $10K (revenue -100.0% year-over-year).
- 2015: Revenue of $57K, expenses of $55K, and assets of $6K (revenue +11321.6% year-over-year).
- 2014: Revenue of $501, expenses of $3K, and assets of $3K (revenue +331.9% year-over-year).
- 2013: Revenue of $116, expenses of $3K, and assets of $5K.
- 2012: Revenue of $-2,108, expenses of $9K, and assets of $8K.
- 2011: Revenue of $-8,568, expenses of $14K, and assets of $19K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The@Michael And Jeanne Falzone Charitable Foundation:
Data Sources and Methodology
This transparency report for The@Michael And Jeanne Falzone Charitable 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.