Matthew C Sellitto Foundation Inc
Only null% goes to programs Strong reserves Declining revenue
Matthew C Sellitto Foundation Inc is a 501(c)(3) organization based in New Vernon, New Jersey, registered in 2003, with $1,257 in FY2024 revenue. CharityIndex grades it D.
Po Box 1, New Vernon, NJ, 07976 EIN 03-0436958 Since 2003
Revenue (FY2024)
$1,257
▼ 96.8% vs prior year
Education median: $200K
Expenses (FY2024)
$10K
Net assets
$50K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Matthew C Sellitto Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating57 mo reserves · -729% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Matthew C Sellitto Foundation Inc: 57 mo reserves · -729% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Matthew C Sellitto Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Matthew C Sellitto Foundation Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 1, New Vernon, NJ, 07976
- City
- New Vernon
- State
- New Jersey
- Category
- Education
- Subcategory
- Student Services & Aid
- Website
- …
Financial trends
Revenue declined from $48K (FY2013) to $1,257 (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $50K
Operating margin
-728.6%
Spent more than it raised in the latest fiscal year.
Total assets
$50K
Total liabilities
$0
Net assets
$50K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,257▼96.8% | $10,415▼72.3% | $49,589▼15.6% | $49,589▼15.6% | 990EZ |
| 2023 | $39,526▲80.7% | $37,589▼6.8% | $58,747▲3.4% | $58,747▲3.4% | 990EZ |
| 2022 | $21,868▼38.6% | $40,336▼12.8% | $56,810▼24.5% | $56,810▼24.5% | 990EZ |
| 2021 | $35,590▲28.6% | $46,244▼0.5% | $75,278▼12.4% | $75,278▼12.4% | 990EZ |
| 2020 | $27,670▼23.0% | $46,471▲12.8% | $85,932▼18.0% | $85,932▼18.0% | 990EZ |
| 2019 | $35,953▲26.2% | $41,207▲61.0% | $104,733▼4.8% | $104,733▼4.8% | 990EZ |
| 2018 | $28,478▲174% | $25,601▲48.4% | $109,987▲2.7% | $109,987▲2.7% | 990EZ |
| 2017 | $10,393▼80.0% | $17,253▼66.7% | $107,110▼6.0% | $107,110▼6.0% | 990EZ |
| 2016 | $51,928▲30.8% | $51,755▲21.3% | $113,970▼9.3% | $113,970▼9.3% | 990 |
| 2015 | $39,700▼18.3% | $42,681▼9.7% | $125,602▼2.3% | $125,602▼2.3% | 990 |
| 2014 | $48,570▲1.0% | $47,263▼72.6% | $128,583▲1.0% | $128,583▲1.0% | 990 |
| 2013 | $48,075 | $172,240▲1.8% | $127,276▼49.4% | $127,276▼49.4% | 990 |
| 2012 | — | $169,144▲140% | $251,441▼30.5% | $251,441▼30.5% | 990 |
| 2011 | — | $70,337▲46.8% | $361,572▼0.6% | $361,572▼0.6% | 990 |
| 2010 | — | $47,901 | $363,816 | $363,816 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $5,185 total
1 grant to Matthew C Sellitto Foundation Inc totaling $5,185, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Network For Good Inc | Unrestricted | 2021 | $5,185 |
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Frequently asked questions
- Is Matthew C Sellitto Foundation Inc a legitimate nonprofit?
- Yes. Matthew C Sellitto Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 03-0436958, based in New Vernon, New Jersey. Donations are tax-deductible.
- What is Matthew C Sellitto Foundation Inc's EIN?
- Matthew C Sellitto Foundation Inc's Employer Identification Number (EIN) is 03-0436958.
- How much revenue does Matthew C Sellitto Foundation Inc report?
- Matthew C Sellitto Foundation Inc reported $1,257 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Matthew C Sellitto Foundation Inc have?
- CharityIndex grades Matthew C Sellitto Foundation Inc D, based on financial health (reserves and operating margin).
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Data for Matthew C Sellitto Foundation Inc (EIN 03-0436958) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.