Thomas And Jeanne Elmezzi Private Foundation
Elmezzi Foundation consistently spends more than it earns, drawing down assets to fund programs.
EIN: 113343740 · Astoria, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $15.7M |
| Total Expenses | $3.9M |
| Program Spending | 95% |
| Net Assets | $24.6M |
| Transparency Score | 85/100 |
Is Thomas And Jeanne Elmezzi Private Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Thomas And Jeanne Elmezzi Private Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Thomas And Jeanne Elmezzi Private Foundation
Thomas And Jeanne Elmezzi Private Foundation (EIN: 113343740) is a nonprofit organization based in Astoria, NY. The organization reported total revenue of $15.7M and total assets of $28.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Thomas And Jeanne Elmezzi Private Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Thomas And Jeanne Elmezzi Private Foundation is a large nonprofit that has been operating for 29 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.3M |
| Total Expenses | $3.9M |
| Surplus / Deficit | $-1,526,683 |
| Total Assets | $24.6M |
| Total Liabilities | $1 |
| Net Assets | $24.6M |
| Operating Margin | -65.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 76.5 months |
Financial Health Grade: B
In 2023, Thomas And Jeanne Elmezzi Private Foundation reported a deficit of $1.5M with expenses exceeding revenue, holds 76.5 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), Thomas And Jeanne Elmezzi Private Foundation's revenue has declined at a compound annual growth rate (CAGR) of -2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +104.6% | +0.3% | -5.9% |
| 2022 | -69.1% | -1.2% | -9.4% |
| 2021 | +347.7% | +16.1% | -0.8% |
| 2020 | -93.3% | -5.3% | -7.9% |
| 2019 | +2020.8% | -17.4% | +17.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
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 Thomas And Jeanne Elmezzi Private 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Thomas And Jeanne Elmezzi Private Foundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $1.5M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of this asset size and contributes to very low administrative overhead.
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 Thomas And Jeanne Elmezzi Private Foundation's IRS 990 filings:
- Consistent deficit spending, though potentially intentional for a private foundation, leads to a steady decline in assets over time.
- NTEE code is unknown, which limits the ability to benchmark against similar organizations.
Strengths
The following positive indicators were identified for Thomas And Jeanne Elmezzi Private Foundation:
- Zero reported officer compensation, indicating extremely low administrative overhead related to executive salaries.
- Minimal liabilities ($1 consistently reported), demonstrating strong financial stability.
- Consistent grantmaking activity, with expenses regularly exceeding revenue, indicating active fulfillment of its philanthropic mission.
- Substantial asset base ($24,552,593 in 2023) provides long-term funding capacity.
Frequently Asked Questions about Thomas And Jeanne Elmezzi Private Foundation
Is Thomas And Jeanne Elmezzi Private Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Thomas And Jeanne Elmezzi Private Foundation (EIN: 113343740) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Thomas And Jeanne Elmezzi Private Foundation spend its money?
Thomas And Jeanne Elmezzi Private Foundation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Thomas And Jeanne Elmezzi Private Foundation tax-deductible?
Thomas And Jeanne Elmezzi Private Foundation is registered as a tax-exempt nonprofit (EIN: 113343740). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Thomas And Jeanne Elmezzi Private Foundation located?
Thomas And Jeanne Elmezzi Private Foundation is headquartered in Astoria, New York and files with the IRS under EIN 113343740.
How many years of IRS 990 filings does Thomas And Jeanne Elmezzi Private Foundation have?
Thomas And Jeanne Elmezzi Private 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 $15.7M in total revenue.
How does the foundation sustain its operations with consistent deficit spending?
The foundation sustains its operations by drawing down its significant asset base, which was $24,552,593 in 2023. This is a common practice for private foundations to meet their annual distribution requirements.
What is the nature of the 'Liabilities=$1' reported in recent years?
The consistent reporting of $1 in liabilities is likely a nominal entry and does not represent a significant financial obligation or risk to the foundation's solvency.
What are the specific programs or causes the foundation supports?
Without an NTEE code or detailed program service expense breakdown from the provided data, the specific programs or causes supported by the Thomas And Jeanne Elmezzi Private Foundation cannot be determined from this summary.
Filing History
IRS 990 filing history for Thomas And Jeanne Elmezzi Private Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Thomas And Jeanne Elmezzi Private Foundation's revenue has declined by 21.3%, moving from $3.0M to $2.3M. Total assets decreased by 34.7% over the same period, from $37.6M to $24.6M. Total functional expenses fell by 5.2%, from $4.1M to $3.9M. In its most recent filing year (2023), Thomas And Jeanne Elmezzi Private Foundation reported a deficit of $1.5M, with expenses exceeding revenue. The organization holds $1 in liabilities against $24.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $24.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.3M | $3.9M | $24.6M | $1 | — | — |
| 2022 | $1.1M | $3.8M | $26.1M | $1 | — | View 990 |
| 2021 | $3.7M | $3.9M | $28.8M | $1 | — | View 990 |
| 2020 | $821K | $3.4M | $29.0M | $1 | — | View 990 |
| 2019 | $12.2M | $3.5M | $31.5M | $1 | — | View 990 |
| 2015 | $574K | $4.3M | $26.8M | $1 | — | View 990 |
| 2014 | $3.2M | $4.1M | $30.5M | $6K | — | View 990 |
| 2013 | $859K | $3.8M | $32.7M | $0 | — | View 990 |
| 2012 | $2.5M | $4.4M | $35.7M | $0 | — | View 990 |
| 2011 | $3.0M | $4.1M | $37.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.3M, expenses of $3.9M, and assets of $24.6M (revenue +104.6% year-over-year).
- 2022: Revenue of $1.1M, expenses of $3.8M, and assets of $26.1M (revenue -69.1% year-over-year).
- 2021: Revenue of $3.7M, expenses of $3.9M, and assets of $28.8M (revenue +347.7% year-over-year).
- 2020: Revenue of $821K, expenses of $3.4M, and assets of $29.0M (revenue -93.3% year-over-year).
- 2019: Revenue of $12.2M, expenses of $3.5M, and assets of $31.5M (revenue +2020.8% year-over-year).
- 2015: Revenue of $574K, expenses of $4.3M, and assets of $26.8M (revenue -81.9% year-over-year).
- 2014: Revenue of $3.2M, expenses of $4.1M, and assets of $30.5M (revenue +268.6% year-over-year).
- 2013: Revenue of $859K, expenses of $3.8M, and assets of $32.7M (revenue -65.2% year-over-year).
- 2012: Revenue of $2.5M, expenses of $4.4M, and assets of $35.7M (revenue -16.5% year-over-year).
- 2011: Revenue of $3.0M, expenses of $4.1M, and assets of $37.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Thomas And Jeanne Elmezzi Private Foundation:
Data Sources and Methodology
This transparency report for Thomas And Jeanne Elmezzi Private 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.