Quick charity verification for Carl And Toby Sloane Fam Foundation (EIN: 205632178)
Verdict: Carl And Toby Sloane Fam Foundation shows mixed signals
45/100Mission Score
$142KRevenue
$692KAssets
3Red Flags
2Strengths
Red Flags
Persistent operating deficits across multiple years (e.g., 2022: Revenue $24,797, Expenses $74,395).
Significant decline in total assets over time (from $1,361,149 in 2011 to $692,436 in 2022).
Revenue has been consistently lower than expenses in most reported periods.
Strengths
No reported officer compensation (0% Officer Comp across all filings), indicating efficient use of funds at the executive level.
Low liabilities ($1 across all filings), suggesting minimal debt burden.
Spending Breakdown
How Carl And Toby Sloane Fam Foundation allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
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 Carl And Toby Sloane Fam Foundation
Is Carl And Toby Sloane Fam Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Carl And Toby Sloane Fam Foundation (EIN: 205632178) shows mixed signals. Mission Score: 45/100. 3 red flags identified, 2 strengths noted.
Is Carl And Toby Sloane Fam Foundation a good charity to donate to?
Carl And Toby Sloane Fam Foundation has a Mission Score of 45/100. Revenue: $142K. Assets: $692K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Carl And Toby Sloane Fam Foundation?
The Employer Identification Number (EIN) for Carl And Toby Sloane Fam Foundation is 205632178. 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 Carl And Toby Sloane Fam Foundation spend its money?
Carl And Toby Sloane Fam Foundation allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Carl And Toby Sloane Fam Foundation's tax-exempt status?
You can verify Carl And Toby Sloane Fam Foundation's tax-exempt status using EIN 205632178 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 Carl And Toby Sloane Fam Foundation exhibits a concerning trend of declining assets and consistent operating deficits over the past several years. From 2011 to 2022, assets have decreased significantly from $1,361,149 to $692,436. In the most recent filing (2022), the organization reported revenue of $24,797 against expenses of $74,395, indicating a substantial deficit. This pattern of expenses exceeding revenue is prevalent across most of the reported periods, raising questions about the long-term sustainability of its operations. While the organization reports 0% officer compensation, which is a positive for efficiency, the overall financial health appears to be deteriorating.
The foundation's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent net losses suggest that the current operational model is not financially sustainable. The lack of detailed expense categories in the provided data limits a comprehensive analysis of how efficiently funds are being allocated to its stated mission. The organization's transparency regarding executive compensation is excellent, with no reported officer compensation.
Overall, the foundation's financial health is weak due to persistent operating deficits and a significant reduction in assets. While transparency regarding executive pay is high, the lack of detailed expense breakdowns and the ongoing financial losses are significant concerns. The foundation needs to address its revenue generation and expense management to ensure its continued viability and impact.