Ventimiglia Family Foundation
Ventimiglia Family Foundation maintains substantial assets despite volatile annual revenue, with no reported officer compensation.
EIN: 203821345 · Larkspur, CO · NTEE: T22 · Updated: 2026-03-28
Is Ventimiglia Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ventimiglia Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ventimiglia Family Foundation
Ventimiglia Family Foundation (EIN: 203821345) is a nonprofit organization based in Larkspur, CO, classified under NTEE code T22. The organization reported total revenue of $8.1M and total assets of $30.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ventimiglia Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Ventimiglia Family Foundation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Ventimiglia Family Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The Ventimiglia Family Foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers. This suggests a highly volunteer-driven leadership or that administrative functions are managed without direct compensation to officers, which is a positive for resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Ventimiglia Family Foundation's IRS 990 filings:
- Significant negative revenue reported in 2023 ($-159,936) while still incurring substantial expenses ($916,439), indicating reliance on asset drawdowns or prior year surpluses.
- Lack of detailed expense breakdown (program vs. admin vs. fundraising) in the provided summary makes a granular efficiency analysis challenging.
Strengths
The following positive indicators were identified for Ventimiglia Family Foundation:
- Consistently reports 0% officer compensation, indicating efficient use of funds for leadership.
- Substantial and growing asset base, reaching $29,280,945 in 2023, providing long-term financial stability.
- Minimal liabilities (consistently $1 or $0) across all reported periods, indicating a very healthy balance sheet.
- Consistent IRS 990 filings demonstrate transparency and compliance.
Frequently Asked Questions about Ventimiglia Family Foundation
Is Ventimiglia Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Ventimiglia Family Foundation (EIN: 203821345) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Ventimiglia Family Foundation spend its money?
Ventimiglia Family Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ventimiglia Family Foundation tax-deductible?
Ventimiglia Family Foundation is registered as a tax-exempt nonprofit (EIN: 203821345). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Ventimiglia Family Foundation a good charity?
Based on the available data, the Ventimiglia Family Foundation appears to be a financially sound private foundation with substantial assets ($29,280,945 in 2023) and a history of consistent grantmaking (implied by expenses). The absence of officer compensation is a strong positive indicator of efficient resource use. However, without specific program details, assessing its direct impact is limited.
How does the foundation manage its expenses given the negative revenue in 2023?
In 2023, the foundation reported negative revenue of $-159,936 but still incurred $916,439 in expenses. This suggests that the expenses were covered by drawing down from its significant asset base, which stood at $29,280,945 at the end of 2023, or from prior years' accumulated surpluses, rather than relying solely on current-year income.
What is the trend in the foundation's assets?
The foundation's assets have shown significant growth over the long term, increasing from $841,026 in 2011 to $29,280,945 in 2023, with a peak of $30,357,320 in 2022. This indicates strong financial management and successful asset accumulation.
Filing History
IRS 990 filing history for Ventimiglia Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Ventimiglia Family Foundation's revenue has declined by 365.4%, moving from $60K to $-159,936. Total assets increased by 3381.6% over the same period, from $841K to $29.3M. Total functional expenses rose by 2168.4%, from $40K to $916K. The organization holds $1 in liabilities against $29.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $29.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $-159,936 | $916K | $29.3M | $1 | — | — |
| 2022 | $16.8M | $2.8M | $30.4M | $1 | — | View 990 |
| 2021 | $16.3M | $379K | $16.4M | $1 | — | — |
| 2020 | $-238,144 | $130K | $649K | $1 | — | — |
| 2019 | $123K | $106K | $1.0M | $1 | — | View 990 |
| 2015 | $124K | $89K | $934K | $0 | — | View 990 |
| 2014 | $126K | $98K | $899K | $0 | — | View 990 |
| 2013 | $90K | $84K | $871K | $0 | — | View 990 |
| 2012 | $151K | $127K | $865K | $0 | — | View 990 |
| 2011 | $60K | $40K | $841K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-159,936, expenses of $916K, and assets of $29.3M (revenue -101.0% year-over-year).
- 2022: Revenue of $16.8M, expenses of $2.8M, and assets of $30.4M (revenue +3.2% year-over-year).
- 2021: Revenue of $16.3M, expenses of $379K, and assets of $16.4M.
- 2020: Revenue of $-238,144, expenses of $130K, and assets of $649K (revenue -293.2% year-over-year).
- 2019: Revenue of $123K, expenses of $106K, and assets of $1.0M (revenue -0.5% year-over-year).
- 2015: Revenue of $124K, expenses of $89K, and assets of $934K (revenue -2.1% year-over-year).
- 2014: Revenue of $126K, expenses of $98K, and assets of $899K (revenue +41.1% year-over-year).
- 2013: Revenue of $90K, expenses of $84K, and assets of $871K (revenue -40.7% year-over-year).
- 2012: Revenue of $151K, expenses of $127K, and assets of $865K (revenue +150.6% year-over-year).
- 2011: Revenue of $60K, expenses of $40K, and assets of $841K.
Data Sources and Methodology
This transparency report for Ventimiglia Family 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.