Etruscan Foundation INC FY2022 filing

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Support of research and study of the ancient Etruscan civilization.

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
$50K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $2K a year · 2% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$50K
to officers and key staff · 50% of spending
Concern: pay to officers and key staff is 50% of spending; over 30%.
Pt VII · Sec A
14 mo
of spending, in cash
Plus $284K in investments, Pt X · Ln 11–13
Looks good: 14.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $38K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$90K
-17% vs prior year
Spent
$100K
To programs
70%
Net assets
$401K
By yearFY2020–FY2024
Revenue
$90K
FY2022▼ -17%
Tap a bar for its year
Revenue by fiscal year
FY2020$95K
FY2021$109K
FY2022$90K
FY2023$68K
FY2024$109K
Expenses
$100K
FY2022▲ +24%
Tap a bar for its year
Expenses by fiscal year
FY2020$70K
FY2021$81K
FY2022$100K
FY2023$109K
FY2024$121K
Net assets
$401K
FY2022▼ -22%
Tap a bar for its year
Net assets by fiscal year
FY2020$471K
FY2021$511K
FY2022$401K
FY2023$379K
FY2024$367K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1960.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $71K Management & general 27% · $27K Fundraising 3% · $3K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990; $50K paid to officers and key staff.

Part VII, Section A · reportable compensation
Exec. Direct
$50,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Richard F String’s $52K as Exec. Direct is at the 46th percentile of top reported officer pay among 2216 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022
Richard F String$52,000$47,600$50,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Etruscan Foundation INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Supports research and study of the ancient Etruscan civilization.

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1 program · $71K · in their own filed words · FY2022
01

Publication of a Scholarly Journal

Etruscan studies. Fellowships for north american undergraduate and graduate students participating in archaeological fieldwork in italy. Research stipends for archaeologists and scholars of etruscology. Annual public lecture series on etruscan and italic archaeology.

$71Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$38K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$90K
Ln 12
Gifts and grantsLn 1h$46K
Investment incomeLn 3$25K
Fees for servicesLn 2g$19K
Money outPt IX
$100K
Ln 25
Programscol B$71K
Managementcol C$27K
Fundraisingcol D$3K
Owns and owesPt X
$401K
net assets · Ln 32
Cash and savingsLn 1–2$117K
Total assetsLn 16$401K
LiabilitiesLn 26$0
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$46K
Fees for servicesLn 2g$19K
Investment incomeLn 3$25K
Gains on assetsLn 7$20K
Total revenueLn 12$90K
Assets in detailPt X, end of year
CashLn 1$117K
Cash and savings togetherLn 1–2$117K
InvestmentsLn 11–13$284K
Total assetsLn 16$401K
LiabilitiesLn 26$0
Net assetsLn 32$401K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$104K$117K
InvestmentsLn 11–13$407K$284K
Total assetsLn 16$511K$401K
LiabilitiesLn 26$0$0
Net assetsLn 32$511K$401K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$50K$35K$12K$2K
Accounting feesLn 11c$1K$1K
Investment management feesLn 11f$2K$168$2K
Office expensesLn 13$8K$6K$2K
Information technologyLn 14$2K$331$1K$331
Conferences, conventions and meetingsLn 19$9K$2K$7K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$27K$27K$50
Total functional expensesLn 25$100K$71K$27K$3K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Apr 22, 2025 $109K$121K−$12K$367K 990 PDF
FY2023Filed with the IRS Jul 18, 2024 $68K$109K−$41K$379K 990 PDF
FY2022 ViewingFiled with the IRS Jun 28, 2023 $90K$100K−$10K$401K 990 PDF
FY2021Filed with the IRS Jul 14, 2022 $109K$81K$28K$511K 990 PDF
FY2020Filed with the IRS Sep 7, 2021 $95K$70K$25K$471K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $90,039 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $41,500$46,500
I-9 Program service revenuePrior year $17,475$18,768
I-10 Investment incomePrior year $49,092$24,771
I-11 Other revenuePrior year $750$0
I-12 Total revenuePrior year $108,817$90,039
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$50,000
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $80,773$50,280
I-18 Total expensesPrior year $80,773$100,280
I-19 Revenue less expensesPrior year $28,044−$10,241
Part VI · Governance 9 of 9 board members independent, 3 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $90,039 across 6 lines filed
VIII-1f All other contributions, gifts and grants$46,500
VIII-1h Total contributions, gifts and grants$46,500
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $18,768$18,768
VIII-3 Investment incomeRelated to mission $2,161 · Excluded from tax $2,332$4,493
VIII-7 Net gain or loss on sales of assetsRelated to mission $16,207 · Excluded from tax $4,071$20,278
VIII-12 Total revenueRelated to mission $37,136 · Excluded from tax $6,403$90,039
Part IX · Statement of functional expenses $100,280 across 8 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $35,000 · Management $12,500 · Fundraising $2,500$50,000
IX-11c Accounting feesManagement $1,460$1,460
IX-11f Investment management feesPrograms $168 · Management $1,514$1,682
IX-13 Office expensesPrograms $5,751 · Management $2,329$8,080
IX-14 Information technologyPrograms $331 · Management $1,076 · Fundraising $331$1,738
IX-19 Conferences, conventions and meetingsPrograms $2,268 · Management $6,804$9,072
IX-23 InsuranceManagement $1,198$1,198
IX-24 Other expenses (24a–d)Programs $27,000 · Management $50$27,050
IX-25 Total functional expensesPrograms $70,518 · Management $26,931 · Fundraising $2,831$100,280
Part X · Balance sheet $400,941 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $103,687$116,757
X-11 Publicly traded securitiesStart of year $407,218$284,184
X-16 Total assetsStart of year $510,905$400,941
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $386,875$230,411
X-28 Net assets with donor restrictionsStart of year $124,030$170,530
X-32 Total net assets or fund balancesStart of year $510,905$400,941
X-33 Total liabilities and net assetsStart of year $510,905$400,941
Part XI · Reconciliation of net assets $400,941 net assets at year end
XI-1 Total revenue$90,039
XI-2 Total expenses$100,280
XI-3 Revenue less expenses−$10,241
XI-4 Net assets at start of year$510,905
XI-5 Net unrealized gains (losses) on investments−$99,723
XI-10 Net assets at end of year$400,941

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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