Theresa And Edward Otoole Foundation
Theresa And Edward Otoole Foundation maintains substantial assets with zero officer compensation, despite fluctuating revenues and occasional expense overruns.
EIN: 136350175 · Pittsburgh, PA · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.6M |
| Total Expenses | $6.0M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $57 |
| Net Assets | $58.8M |
| Transparency Score | 85/100 |
Is Theresa And Edward Otoole Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Theresa And Edward Otoole Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Theresa And Edward Otoole Foundation
Theresa And Edward Otoole Foundation (EIN: 136350175) is a nonprofit organization based in Pittsburgh, PA. The organization reported total revenue of $4.6M and total assets of $57.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Theresa And Edward Otoole Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Theresa And Edward Otoole Foundation is a mid-size nonprofit that has been operating for 55 years, with 9 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -8.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.7M |
| Total Expenses | $6.0M |
| Surplus / Deficit | $-3,277,668 |
| Total Assets | $58.8M |
| Total Liabilities | $1 |
| Net Assets | $58.8M |
| Operating Margin | -119.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 117.2 months |
Financial Health Grade: B
In 2024, Theresa And Edward Otoole Foundation reported a deficit of $3.3M with expenses exceeding revenue, holds 117.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2012–2024), Theresa And Edward Otoole Foundation's revenue has declined at a compound annual growth rate (CAGR) of -8.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -32.7% | +81.5% | -5.4% |
| 2023 | -41.6% | -2.4% | +0.9% |
| 2022 | +70.4% | +1.6% | +5.7% |
| 2020 | -291.3% | -18.6% | -32.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1230 |
| IRS Ruling Date | 1971 |
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 Theresa And Edward Otoole Foundation with a Mission Score of 85 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Theresa And Edward Otoole Foundation 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $3.3M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no officers receive salaries from the foundation, which is highly commendable for an organization with assets exceeding $57 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Theresa And Edward Otoole Foundation's IRS 990 filings:
- Significant negative revenue reported in 2020 ($ -10,801,882), requiring further investigation.
- Expenses ($6,020,142) substantially exceeded revenue ($2,742,474) in the most recent filing (202406), indicating a potential draw on reserves or an unsustainable spending pattern if not an anomaly.
Strengths
The following positive indicators were identified for Theresa And Edward Otoole Foundation:
- Consistently reports 0% officer compensation, demonstrating excellent financial stewardship regarding executive pay.
- Maintains substantial assets, with recent filings showing over $57 million, providing a strong financial base.
- Minimal liabilities ($1 in recent filings) indicate strong financial solvency and low debt.
- Consistent filing of IRS Form 990s, indicating good regulatory compliance and transparency.
Frequently Asked Questions about Theresa And Edward Otoole Foundation
Is Theresa And Edward Otoole Foundation a legitimate charity?
Theresa And Edward Otoole Foundation (EIN: 136350175) is a registered tax-exempt nonprofit based in Pennsylvania. Our AI analysis gives it a Mission Score of 85/100. It has 9 years of IRS 990 filings on record. Total revenue: $4.6M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Theresa And Edward Otoole Foundation spend its money?
Theresa And Edward Otoole Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Theresa And Edward Otoole Foundation tax-deductible?
Theresa And Edward Otoole Foundation is registered as a tax-exempt nonprofit (EIN: 136350175). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Theresa And Edward Otoole Foundation CEO make?
Theresa And Edward Otoole Foundation's highest-compensated officer earns $57 annually. The organization reported $4.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Theresa And Edward Otoole Foundation's spending goes to programs?
Theresa And Edward Otoole Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Theresa And Edward Otoole Foundation located?
Theresa And Edward Otoole Foundation is headquartered in Pittsburgh, Pennsylvania and files with the IRS under EIN 136350175.
How many years of IRS 990 filings does Theresa And Edward Otoole Foundation have?
Theresa And Edward Otoole Foundation has 9 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 $4.6M in total revenue.
What caused the $-10,801,882 negative revenue in 2020?
The IRS 990 filing for the period 202006 shows a negative revenue figure. This could be due to investment losses, significant asset write-downs, or a return of grants, and would require reviewing the detailed financial statements to understand the specific reason.
Why did expenses significantly exceed revenue in the 202406 period?
In the 202406 period, expenses were $6,020,142 while revenue was $2,742,474. This suggests the foundation either drew down on its assets to fund activities or experienced a temporary dip in income relative to its operational needs. Further detail from the 990 would clarify if this was planned spending or an unexpected shortfall.
What is the primary program focus of the foundation?
The provided data does not specify the NTEE code or a description of the foundation's programs. To understand its primary mission and program focus, one would need to consult the organization's website or the full IRS Form 990, Part III, Statement of Program Service Accomplishments.
Filing History
IRS 990 filing history for Theresa And Edward Otoole Foundation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2012–2024), Theresa And Edward Otoole Foundation's revenue has declined by 63.2%, moving from $7.5M to $2.7M. Total assets decreased by 0.2% over the same period, from $58.9M to $58.8M. Total functional expenses rose by 43.9%, from $4.2M to $6.0M. In its most recent filing year (2024), Theresa And Edward Otoole Foundation reported a deficit of $3.3M, with expenses exceeding revenue. The organization holds $1 in liabilities against $58.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $58.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $2.7M | $6.0M | $58.8M | $1 | — | View 990 |
| 2023 | $4.1M | $3.3M | $62.2M | $1 | — | View 990 |
| 2022 | $7.0M | $3.4M | $61.6M | $1 | — | View 990 |
| 2021 | $4.1M | $3.3M | $58.3M | $1 | — | View 990 |
| 2020 | $-10,801,882 | $4.5M | $57.5M | $1 | — | View 990 |
| 2015 | $5.6M | $5.5M | $85.4M | $0 | — | View 990 |
| 2014 | $9.3M | $2.8M | $85.0M | $0 | — | View 990 |
| 2013 | $26.4M | $5.1M | $79.8M | $0 | — | View 990 |
| 2012 | $7.5M | $4.2M | $58.9M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $2.7M, expenses of $6.0M, and assets of $58.8M (revenue -32.7% year-over-year).
- 2023: Revenue of $4.1M, expenses of $3.3M, and assets of $62.2M (revenue -41.6% year-over-year).
- 2022: Revenue of $7.0M, expenses of $3.4M, and assets of $61.6M (revenue +70.4% year-over-year).
- 2021: Revenue of $4.1M, expenses of $3.3M, and assets of $58.3M.
- 2020: Revenue of $-10,801,882, expenses of $4.5M, and assets of $57.5M (revenue -291.3% year-over-year).
- 2015: Revenue of $5.6M, expenses of $5.5M, and assets of $85.4M (revenue -39.3% year-over-year).
- 2014: Revenue of $9.3M, expenses of $2.8M, and assets of $85.0M (revenue -64.8% year-over-year).
- 2013: Revenue of $26.4M, expenses of $5.1M, and assets of $79.8M (revenue +254.1% year-over-year).
- 2012: Revenue of $7.5M, expenses of $4.2M, and assets of $58.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Theresa And Edward Otoole Foundation:
Data Sources and Methodology
This transparency report for Theresa And Edward Otoole 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.