Is Colgate Palmolive Post Retirement Veba Tr Legit?
Quick charity verification for Colgate Palmolive Post Retirement Veba Tr (EIN: 136972051)
Verdict: Colgate Palmolive Post Retirement Veba Tr shows mixed signals
65/100Mission Score
$6.3MRevenue
$1.5MAssets
4Red Flags
3Strengths
Red Flags
Highly volatile financial performance with significant annual deficits (e.g., $5,764,210 deficit in 2023) and surpluses (e.g., $4,834,638 surplus in 2022).
NTEE code is 'Unknown', hindering clear understanding of mission and program area.
Lack of detailed expense breakdown beyond total expenses makes it difficult to verify program spending efficiency.
Consistently reporting 0% officer compensation, which, while not inherently negative, can obscure the true cost of management if compensated by a related entity.
Strengths
Consistently reports $0 in liabilities across all filings, indicating strong financial stability and no debt burden.
Significant asset base, though fluctuating, suggests capacity to meet future obligations (e.g., $6,799,524 in assets in 2022).
The nature of a VEBA trust implies a direct benefit to employees, aligning expenses with a clear purpose.
Spending Breakdown
How Colgate Palmolive Post Retirement Veba Tr 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 Colgate Palmolive Post Retirement Veba Tr
Is Colgate Palmolive Post Retirement Veba Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Colgate Palmolive Post Retirement Veba Tr (EIN: 136972051) shows mixed signals. Mission Score: 65/100. 4 red flags identified, 3 strengths noted.
Is Colgate Palmolive Post Retirement Veba Tr a good charity to donate to?
Colgate Palmolive Post Retirement Veba Tr has a Mission Score of 65/100. Revenue: $6.3M. Assets: $1.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Colgate Palmolive Post Retirement Veba Tr?
The Employer Identification Number (EIN) for Colgate Palmolive Post Retirement Veba Tr is 136972051. 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 Colgate Palmolive Post Retirement Veba Tr spend its money?
Colgate Palmolive Post Retirement Veba Tr allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Colgate Palmolive Post Retirement Veba Tr's tax-exempt status?
You can verify Colgate Palmolive Post Retirement Veba Tr's tax-exempt status using EIN 136972051 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 Colgate Palmolive Post Retirement Veba Tr exhibits fluctuating financial health, with significant swings in revenue and expenses over the past decade. For instance, in 2023, expenses of $12,791,352 far exceeded revenue of $7,027,142, leading to a substantial net deficit. Conversely, in 2022, revenue of $7,028,227 significantly outpaced expenses of $2,193,589, indicating a surplus. This volatility makes consistent financial planning and assessment challenging. The organization consistently reports zero officer compensation, which suggests a lean administrative structure or that compensation is handled by a related entity, but without further detail, it's difficult to fully assess spending efficiency. The lack of liabilities across all reported periods is a positive indicator of financial stability, suggesting the organization is not burdened by debt. However, the NTEE code being 'Unknown' and the absence of detailed program spending information in the provided data limit the ability to fully assess program focus and overall transparency.