Is Bonnie L Korlick Private Charitable Foundation Legit?
Quick charity verification for Bonnie L Korlick Private Charitable Foundation (EIN: 205949020)
Verdict: Bonnie L Korlick Private Charitable Foundation appears trustworthy
75/100Mission Score
$3.1MRevenue
$2.3MAssets
2Red Flags
3Strengths
Red Flags
Highly volatile revenue history, including negative revenue in 2015.
Lack of detailed expense breakdown (program, admin, fundraising) in provided data.
Strengths
Consistent 0% officer compensation across all filings.
Substantial latest revenue of $3,078,854 and assets of $2,250,444.
Stable asset base over recent years.
Spending Breakdown
How Bonnie L Korlick Private Charitable Foundation allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
10%
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 Bonnie L Korlick Private Charitable Foundation
Is Bonnie L Korlick Private Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Bonnie L Korlick Private Charitable Foundation (EIN: 205949020) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Bonnie L Korlick Private Charitable Foundation a good charity to donate to?
Bonnie L Korlick Private Charitable Foundation has a Mission Score of 75/100. Revenue: $3.1M. Assets: $2.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Bonnie L Korlick Private Charitable Foundation?
The Employer Identification Number (EIN) for Bonnie L Korlick Private Charitable Foundation is 205949020. 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 Bonnie L Korlick Private Charitable Foundation spend its money?
Bonnie L Korlick Private Charitable Foundation allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Bonnie L Korlick Private Charitable Foundation's tax-exempt status?
You can verify Bonnie L Korlick Private Charitable Foundation's tax-exempt status using EIN 205949020 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 Bonnie L Korlick Private Charitable Foundation exhibits a mixed financial profile based on its IRS 990 filings. While the organization reported substantial latest revenue of $3,078,854 and assets of $2,250,444, its historical revenue has been highly volatile, including a negative revenue of $-83,696 in 2015 and several years with only $1 in revenue. This volatility makes consistent financial analysis challenging. The foundation's expenses have also varied significantly, from $0 in some early years to $182,975 in 2019. A notable positive is the consistent reporting of 0% officer compensation across all available filings, indicating good stewardship regarding executive pay. However, without detailed expense breakdowns for program, administrative, and fundraising costs, a precise assessment of spending efficiency and program focus is difficult. The foundation's asset base appears relatively stable, hovering around $2.1M - $2.3M in recent years, suggesting a solid financial foundation despite revenue fluctuations. The lack of detailed expense categorization in the provided data limits a full transparency assessment.