Quick charity verification for Brian P Friedman Family Foundation Inc (EIN: 133705915)
Verdict: Brian P Friedman Family Foundation Inc appears trustworthy
85/100Mission Score
$27.0MRevenue
$18.7MAssets
1Red Flags
4Strengths
Red Flags
Significant year-over-year revenue and expense volatility, making consistent operational analysis challenging.
Strengths
Consistently reports zero officer compensation, indicating high efficiency in executive pay.
Maintains a very strong balance sheet with minimal liabilities ($1 across all filings).
Significant asset base ($18,745,361 latest) provides long-term financial stability for its mission.
Latest period (202312) shows a substantial surplus ($7,264,227 revenue vs. $1,439,992 expenses).
Spending Breakdown
How Brian P Friedman Family 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 Brian P Friedman Family Foundation Inc
Is Brian P Friedman Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Brian P Friedman Family Foundation Inc (EIN: 133705915) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Brian P Friedman Family Foundation Inc a good charity to donate to?
Brian P Friedman Family Foundation Inc has a Mission Score of 85/100. Revenue: $27.0M. Assets: $18.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Brian P Friedman Family Foundation Inc?
The Employer Identification Number (EIN) for Brian P Friedman Family Foundation Inc is 133705915. 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 Brian P Friedman Family Foundation Inc spend its money?
Brian P Friedman Family Foundation Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Brian P Friedman Family Foundation Inc's tax-exempt status?
You can verify Brian P Friedman Family Foundation Inc's tax-exempt status using EIN 133705915 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 Brian P Friedman Family Foundation Inc. exhibits a fluctuating financial profile, typical of a private foundation primarily engaged in grantmaking. In its latest reported period (202312), the organization reported significant revenue of $7,264,227 against expenses of $1,439,992, indicating a substantial surplus for that year. However, previous years show periods where expenses exceeded revenue, such as in 202212 ($866,533 revenue vs. $2,929,948 expenses) and 201912 ($367,339 revenue vs. $823,969 expenses). This pattern suggests that the foundation's financial health is heavily dependent on its investment performance and contributions, rather than consistent operational income.
The foundation consistently reports zero officer compensation across all available filings, which is a positive indicator of efficiency regarding executive pay. With liabilities consistently reported as $1, the organization appears to maintain a very strong balance sheet with minimal debt. The primary function of a family foundation is to distribute grants, and without detailed expense breakdowns beyond total expenses, it's challenging to precisely assess spending efficiency in terms of program vs. administrative costs. However, the absence of officer compensation suggests a lean operational structure at the top.
Transparency is generally good given the availability of 990 filings. The consistent reporting of minimal liabilities and zero officer compensation are strong points. To fully assess spending efficiency, a more granular breakdown of expenses (e.g., grants paid, administrative costs, fundraising costs) would be beneficial, which is not readily available from the summary data provided. The significant swings in revenue and expenses year-over-year are characteristic of foundations that rely on investment returns and large, infrequent contributions.