Michael & Margaret Picotte Foundation Inc
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
Michael & Margaret Picotte Foundation Inc is a 501(c)(3) organization based in Saratoga Spgs, New York, registered in 1992, with $458,194 in FY2024 revenue. CharityIndex grades it C+.
19 Railroad Pl Ste 301, Saratoga Spgs, NY, 12866 EIN 06-1307349 Since 1992
Revenue (FY2024)
$458K
▼ 80.9% vs prior year
Expenses (FY2024)
$285K
Net assets
$5.6M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—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 Michael & Margaret Picotte 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 →
B+Financial health25% of the rating235 mo reserves · +38% 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 Michael & Margaret Picotte Foundation Inc: 235 mo reserves · +38% margin earns a B+ 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 Michael & Margaret Picotte 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 →
DTransparency10% of the rating1 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 Michael & Margaret Picotte Foundation Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 19 Railroad Pl Ste 301, Saratoga Spgs, NY, 12866
- City
- Saratoga Spgs
- State
- New York
- Category
- —
- Subcategory
- —
Financial trends
Revenue grew from -$111K (FY2016) to $458K (FY2024) across 9 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $5.6M
Operating margin
37.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$5.6M
Total liabilities
$0
Net assets
$5.6M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $458,194▼80.9% | $285,342▲17.5% | $5,586,944▲3.2% | $5,586,944▲3.2% | 990PF |
| 2023 | $2,398,540▲913% | $242,807▼23.4% | $5,414,092▲34.6% | $5,414,092▲34.6% | 990PF |
| 2022 | $236,682▼75.5% | $317,046▲35.6% | $4,023,714▼2.0% | $4,023,714▼2.0% | 990PF |
| 2021 | $967,352▼36.8% | $233,796▲17.7% | $4,104,078▲20.9% | $4,104,078▲19.8% | 990PF |
| 2020 | $1,529,608▲671% | $198,644▲6.4% | $3,394,520▲20.1% | $3,424,520▲18.7% | 990PF |
| 2019 | $198,304▲1.7% | $186,627▼0.6% | $2,825,336▲4.3% | $2,885,336▼0.2% | 990PF |
| 2018 | $194,963▼21.1% | $187,835▲6.4% | $2,709,927▼7.5% | $2,889,927▼1.3% | 990PF |
| 2017 | $247,022▲323% | $176,483▲6.4% | $2,928,254▲5.9% | $2,928,254▲5.9% | 990PF |
| 2016 | -$110,638 | $165,890 | $2,766,254 | $2,766,254 | 990PF |
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.
Frequently asked questions
- Is Michael & Margaret Picotte Foundation Inc a legitimate nonprofit?
- Yes. Michael & Margaret Picotte Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 06-1307349, based in Saratoga Spgs, New York. Donations are tax-deductible.
- What is Michael & Margaret Picotte Foundation Inc's EIN?
- Michael & Margaret Picotte Foundation Inc's Employer Identification Number (EIN) is 06-1307349.
- How much revenue does Michael & Margaret Picotte Foundation Inc report?
- Michael & Margaret Picotte Foundation Inc reported $458,194 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Michael & Margaret Picotte Foundation Inc have?
- CharityIndex grades Michael & Margaret Picotte Foundation Inc C+, based on financial health (reserves and operating margin).
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Data for Michael & Margaret Picotte Foundation Inc (EIN 06-1307349) 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.