Is Borgenicht Foundation Inc Legit? —…

Strengths

Consistent asset base, indicating strong financial reserves ($10,637,892 in latest period).
Extremely low liabilities (often $1), demonstrating excellent financial health.
0% reported officer compensation across all filings, suggesting high efficiency and dedication.
Stable expense levels despite revenue fluctuations, indicating prudent financial management.
Clear focus as a grantmaking foundation (NTEE T22), implying direct support to other charitable causes.

Spending Breakdown

How Borgenicht Foundation Inc 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 Borgenicht Foundation Inc

Is Borgenicht Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Borgenicht Foundation Inc (EIN: 200051444) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.

Is Borgenicht Foundation Inc a good charity to donate to?

Borgenicht Foundation Inc has a Mission Score of 92/100. Revenue: $7.1M. Assets: $10.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Borgenicht Foundation Inc?

The Employer Identification Number (EIN) for Borgenicht Foundation Inc is 200051444. 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 Borgenicht Foundation Inc spend its money?

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

How can I verify Borgenicht Foundation Inc's tax-exempt status?

You can verify Borgenicht Foundation Inc's tax-exempt status using EIN 200051444 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 Borgenicht Foundation Inc demonstrates a consistent commitment to its mission, as evidenced by its financial filings. The organization has maintained a healthy asset base, with assets consistently over $9 million in recent years, reaching $10,637,892 in the latest period. Revenue has fluctuated significantly, from a low of -$31,825 in 2016 to a high of $5,502,005 in 2013, and $7,084,565 in the latest reported period, indicating reliance on varying funding sources or investment performance. Despite these fluctuations, expenses have remained relatively stable, generally ranging between $560,000 and $810,000 annually, suggesting prudent financial management.

One notable aspect is the consistent reporting of 0% officer compensation across all available filings. This indicates either a volunteer-led executive team or that compensation is structured in a way not reported under officer compensation, which enhances the perception of efficiency and dedication to program spending. The organization's liabilities have generally been low, often $1 or minimal, further indicating financial stability and responsible management of obligations. The NTEE code T22 (Private Grantmaking Foundations) suggests its primary activity is making grants, which inherently implies a focus on program delivery through external organizations.

Overall, the Borgenicht Foundation appears to be a financially stable and efficiently managed private grantmaking foundation. Its consistent asset base, controlled expenses, and lack of reported officer compensation contribute to a positive assessment of its financial health and transparency. The significant revenue fluctuations, while not necessarily a red flag for a private foundation, suggest that its grantmaking capacity might vary year-to-year based on its financial performance.

Is Borgenicht Foundation Inc Legit?

Verdict: Borgenicht Foundation Inc appears trustworthy

Red Flags