Is Bert And Sandra Wasserman Foundation Inc Legit?
Quick charity verification for Bert And Sandra Wasserman Foundation Inc (EIN: 133961422)
Verdict: Bert And Sandra Wasserman Foundation Inc appears trustworthy
95/100Mission Score
$7.1MRevenue
$25.8MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent asset growth, from $10.8M in 2011 to $19.5M in 2023.
Zero officer compensation reported across all filings, indicating high efficiency.
Minimal liabilities ($1 in recent years), demonstrating strong financial stability.
High program spending efficiency, as a private foundation with low overall expenses relative to revenue.
Consistent IRS 990 filing history, indicating good transparency.
Spending Breakdown
How Bert And Sandra Wasserman Foundation Inc allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
5%
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 Bert And Sandra Wasserman Foundation Inc
Is Bert And Sandra Wasserman Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Bert And Sandra Wasserman Foundation Inc (EIN: 133961422) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Bert And Sandra Wasserman Foundation Inc a good charity to donate to?
Bert And Sandra Wasserman Foundation Inc has a Mission Score of 95/100. Revenue: $7.1M. Assets: $25.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Bert And Sandra Wasserman Foundation Inc?
The Employer Identification Number (EIN) for Bert And Sandra Wasserman Foundation Inc is 133961422. 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 Bert And Sandra Wasserman Foundation Inc spend its money?
Bert And Sandra Wasserman Foundation Inc allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Bert And Sandra Wasserman Foundation Inc's tax-exempt status?
You can verify Bert And Sandra Wasserman Foundation Inc's tax-exempt status using EIN 133961422 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 Bert And Sandra Wasserman Foundation Inc appears to be a well-managed private foundation with a strong financial position. Over the past decade, its assets have consistently grown, from $10,897,240 in 2011 to $19,567,318 in 2023, indicating sound investment strategies or consistent contributions. The organization consistently reports minimal liabilities ($1 in recent years), suggesting excellent financial stability and low debt risk.
Spending efficiency is high, as evidenced by the low expense ratios relative to revenue. For instance, in 2023, expenses were $378,594 against revenue of $1,499,816, meaning a significant portion of revenue is retained or used for program activities. As a private foundation, its primary function is grant-making, and the absence of officer compensation further enhances its efficiency by directing more funds towards its charitable purpose. The NTEE code T22Z (Private Grantmaking Foundations) aligns with its operational model.
Transparency is generally good, with consistent IRS 990 filings over the past decade. The detailed financial data provided in these filings allows for a clear understanding of its revenue, expenses, and asset growth. The lack of officer compensation is a positive indicator of resource allocation directly to its mission, rather than administrative overhead for executive salaries.