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

$50KRevenue

$40KAssets

20/100Mission Score (Poor)

T22

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.

AI Transparency Report

The Michael And Jeanne Falzone Charitable Foundation appears to be a very small private foundation, as indicated by its NTEE code T22. Its financial activity over the past decade shows extremely low revenue and expenses in most recent years, with several years reporting only $1 or $2 in revenue and $0 in expenses. For example, in 2023, revenue was $2 and expenses were $150, while in 2022, revenue was $1 and expenses were $0. The organization's assets have remained relatively stable but low, around $10,000 in recent years, with a current asset base of $39,828. The foundation consistently reports minimal liabilities ($1) and no officer compensation, suggesting a volunteer-run structure with very limited operational costs. The lack of significant program expenses in most recent filings raises questions about its current charitable activities, despite its classification as a private foundation.

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%.

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

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.	PDF
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.

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.