Is Bernard F And Alva B Gimbel Foundation Inc Legit?
Quick charity verification for Bernard F And Alva B Gimbel Foundation Inc (EIN: 136090843)
Verdict: Bernard F And Alva B Gimbel Foundation Inc appears trustworthy
85/100Mission Score
$10.6MRevenue
$31.9MAssets
2Red Flags
3Strengths
Red Flags
Consistent spending exceeding revenue in recent years (e.g., 2023 expenses $6.4M vs. revenue $2.8M)
Significant decline in assets over the past few years (from $39.5M in 2021 to $32.8M in 2023)
Strengths
Zero officer compensation reported, indicating high efficiency in executive overhead.
Strong program focus, with the vast majority of expenses likely directed towards grants.
Substantial asset base ($32.8M in 2023) provides significant capacity for grant-making.
Spending Breakdown
How Bernard F And Alva B Gimbel Foundation Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Bernard F And Alva B Gimbel Foundation Inc
Is Bernard F And Alva B Gimbel Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Bernard F And Alva B Gimbel Foundation Inc (EIN: 136090843) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
Is Bernard F And Alva B Gimbel Foundation Inc a good charity to donate to?
Bernard F And Alva B Gimbel Foundation Inc has a Mission Score of 85/100. Revenue: $10.6M. Assets: $31.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Bernard F And Alva B Gimbel Foundation Inc?
The Employer Identification Number (EIN) for Bernard F And Alva B Gimbel Foundation Inc is 136090843. 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 Bernard F And Alva B Gimbel Foundation Inc spend its money?
Bernard F And Alva B Gimbel Foundation Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Bernard F And Alva B Gimbel Foundation Inc's tax-exempt status?
You can verify Bernard F And Alva B Gimbel Foundation Inc's tax-exempt status using EIN 136090843 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 Bernard F And Alva B Gimbel Foundation Inc. demonstrates a consistent commitment to its mission through its spending patterns, with program expenses typically forming the vast majority of its total expenditures. For instance, in 2023, the foundation reported expenses of $6,412,475, with a significant portion likely directed towards grants and program-related investments, given its nature as a grant-making foundation. The organization consistently reports 0% officer compensation, which is a strong indicator of efficient use of funds and a focus on mission rather than administrative overhead related to executive salaries. However, the foundation has experienced fluctuating revenues and a notable decline in assets over the past few years, from $39,565,616 in 2021 to $32,867,757 in 2023, while expenses have remained relatively stable or even increased in some periods. This trend suggests that the foundation has been spending more than its incoming revenue in recent years, drawing down its asset base. While this can be a deliberate strategy for foundations, it warrants monitoring for long-term sustainability.