The Leo M Shortino Foundation
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Growing revenue
The Leo M Shortino Foundation is a 501(c)(3) organization based in San Jose, California, registered in 1991, with $2,556,532 in FY2024 revenue. CharityIndex grades it D.
1760 the Alameda Ste 200, San Jose, CA, 95126 EIN 68-0237238 Since 1991
Revenue (FY2024)
$2.6M
▲ 23.0% vs prior year
Expenses (FY2024)
$4.1M
Net assets
$63.5M
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 The Leo M Shortino Foundation— 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 rating186 mo reserves · -60% 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 The Leo M Shortino Foundation: 186 mo reserves · -60% 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 The Leo M Shortino Foundation— 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 The Leo M Shortino Foundation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 1760 the Alameda Ste 200, San Jose, CA, 95126
- City
- San Jose
- State
- California
- Category
- —
- Subcategory
- —
- Website
- …
Financial trends
Revenue declined from $2.8M (FY2013) to $2.6M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.7MNet assets $63.5M
Operating margin
-60.4%
Spent more than it raised in the latest fiscal year.
Total assets
$65.2M
Total liabilities
$1.7M
Net assets
$63.5M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $2,556,532▲23.0% | $4,099,507▲9.3% | $63,542,658▲3.3% | $65,195,281▲3.7% | 990PF |
| 2023 | $2,077,861▲26.0% | $3,749,629▼18.6% | $61,534,525▲10.3% | $62,845,642▲10.0% | 990PF |
| 2022 | $1,648,830▼24.6% | $4,606,979▲47.1% | $55,778,766▼13.7% | $57,131,439▼12.9% | 990PF |
| 2021 | $2,185,563▲6.0% | $3,131,074▼14.5% | $64,596,565▲7.9% | $65,577,161▲7.3% | 990PF |
| 2020 | $2,062,754▼0.5% | $3,660,297▼11.5% | $59,876,247▲7.3% | $61,101,090▲7.6% | 990PF |
| 2019 | $2,073,141▼6.6% | $4,133,842▲20.7% | $55,820,366▲14.3% | $56,786,927▲15.8% | 990PF |
| 2018 | $2,219,682▲5.2% | $3,425,230▲6.6% | $48,844,916▼7.2% | $49,048,535▼7.1% | 990PF |
| 2017 | $2,110,082▼18.3% | $3,211,833▲5.0% | $52,623,335▲11.5% | $52,820,242▲11.4% | 990PF |
| 2016 | $2,582,588▲11.6% | $3,059,996▲10.8% | $47,201,722▲0.7% | $47,409,541▲0.6% | 990PF |
| 2015 | $2,314,801▼37.8% | $2,761,020▼5.7% | $46,888,282▼2.1% | $47,113,932▼2.3% | 990PF |
| 2014 | $3,722,518▲33.1% | $2,929,035▲10.0% | $47,911,223▼2.2% | $48,213,882▼2.3% | 990PF |
| 2013 | $2,796,152 | $2,663,599▼3.4% | $49,000,473▲5.6% | $49,369,288▲5.1% | 990PF |
| 2012 | — | $2,756,956▲7.1% | $46,394,823▼0.2% | $46,989,173▲1.1% | 990PF |
| 2011 | — | $2,573,799 | $46,495,204 | $46,498,322 | 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 The Leo M Shortino Foundation a legitimate nonprofit?
- Yes. The Leo M Shortino Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 68-0237238, based in San Jose, California. Donations are tax-deductible.
- What is The Leo M Shortino Foundation's EIN?
- The Leo M Shortino Foundation's Employer Identification Number (EIN) is 68-0237238.
- How much revenue does The Leo M Shortino Foundation report?
- The Leo M Shortino Foundation reported $2,556,532 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does The Leo M Shortino Foundation have?
- CharityIndex grades The Leo M Shortino Foundation D, based on financial health (reserves and operating margin).
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Explore more
Data for The Leo M Shortino Foundation (EIN 68-0237238) 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.