Is Andersen Formolo Family Foundation Legit?

Quick charity verification for Andersen Formolo Family Foundation (EIN: 201917495)

Verdict: Andersen Formolo Family Foundation appears trustworthy

85/100Mission Score

$3.7MRevenue

$12.0MAssets

2Red Flags

4Strengths

Red Flags

Lack of detailed expense breakdown (program, admin, fundraising) in provided data, making precise efficiency analysis difficult.
Consistent 0% officer compensation for an organization with significant assets could indicate compensation is hidden or structure is unusual, warranting further inquiry.

Strengths

Consistent asset growth, from $2.5 million in 2011 to over $12 million in 2023, indicating strong financial management and sustainability.
Minimal liabilities (consistently $1) across all filings, demonstrating a very strong balance sheet and low financial risk.
Expenses consistently lower than revenue, contributing to asset accumulation and long-term financial stability.
Long history of IRS 990 filings (10 filings), indicating a commitment to transparency and compliance.

Spending Breakdown

How Andersen Formolo Family Foundation allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Andersen Formolo Family Foundation

Is Andersen Formolo Family Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, Andersen Formolo Family Foundation (EIN: 201917495) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.

Is Andersen Formolo Family Foundation a good charity to donate to?

Andersen Formolo Family Foundation has a Mission Score of 85/100. Revenue: $3.7M. Assets: $12.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Andersen Formolo Family Foundation?

The Employer Identification Number (EIN) for Andersen Formolo Family Foundation is 201917495. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Andersen Formolo Family Foundation spend its money?

Andersen Formolo Family Foundation allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Andersen Formolo Family Foundation's tax-exempt status?

You can verify Andersen Formolo Family Foundation's tax-exempt status using EIN 201917495 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

The Andersen Formolo Family Foundation demonstrates consistent financial health, with assets growing from $2,511,001 in 2011 to $12,389,466 in 2023. Revenue has fluctuated significantly year-to-year, peaking at $3,532,677 in 2021 and $2,289,087 in 2020, but generally exceeding expenses, allowing for asset accumulation. The organization consistently reports minimal liabilities, often just $1, indicating a strong balance sheet and low financial risk. The absence of reported officer compensation across all filings suggests that the foundation's leadership may be unpaid or compensated through other means not captured in this specific line item, which can be a positive indicator of resource allocation directly to mission, but also warrants further investigation into how leadership is sustained.

Spending efficiency appears high, as the foundation consistently spends less than its revenue, contributing to its growing asset base. For example, in 2023, expenses were $579,140 against revenues of $592,399, and in 2022, expenses were $466,438 against revenues of $1,113,447. This pattern suggests a focus on long-term sustainability and endowment building. The NTEE code T22 (Private Grantmaking Foundations) implies that the majority of their expenses would be program-related grants, which aligns with efficient spending for their mission. The consistent reporting of $0 officer compensation enhances the perception of efficient use of funds, as administrative overhead related to executive salaries is absent from these disclosures.

Transparency is generally good through their consistent filing of IRS Form 990s over a long period. The detailed financial figures provided across multiple years allow for a clear understanding of their financial trajectory. The minimal liabilities and consistent asset growth are positive indicators. However, the lack of specific breakdown for program, administrative, and fundraising expenses within the provided data makes a precise assessment of spending efficiency challenging beyond the overall revenue vs. expense comparison. Further detail on how their expenses are categorized would enhance transparency regarding their operational efficiency.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.