Is Community Foundation Of Herkimer And Oneida Counties Inc Legit?
Quick charity verification for Community Foundation Of Herkimer And Oneida Counties Inc (EIN: 156016932)
Verdict: Community Foundation Of Herkimer And Oneida Counties Inc appears trustworthy
95/100Mission Score
$30.9MRevenue
$221.2MAssets
1Red Flags
4Strengths
Red Flags
Consistent 0% officer compensation reported, which is unusual for an organization of this size and could indicate compensation is reported under other categories or that leadership is entirely volunteer, requiring deeper scrutiny for full understanding of operational costs.
Strengths
Strong and consistent asset growth, reaching over $200 million in recent years.
Expenses consistently well below revenue, indicating sound financial management and surplus generation.
Remarkable transparency with 0% officer compensation reported across all filings, suggesting a high dedication to mission.
Significant revenue generation capacity, with several years exceeding $20 million.
Spending Breakdown
How Community Foundation Of Herkimer And Oneida Counties Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Community Foundation Of Herkimer And Oneida Counties Inc
Is Community Foundation Of Herkimer And Oneida Counties Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Community Foundation Of Herkimer And Oneida Counties Inc (EIN: 156016932) appears trustworthy. Mission Score: 95/100. 1 red flag identified, 4 strengths noted.
Is Community Foundation Of Herkimer And Oneida Counties Inc a good charity to donate to?
Community Foundation Of Herkimer And Oneida Counties Inc has a Mission Score of 95/100. Revenue: $30.9M. Assets: $221.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Community Foundation Of Herkimer And Oneida Counties Inc?
The Employer Identification Number (EIN) for Community Foundation Of Herkimer And Oneida Counties Inc is 156016932. 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 Community Foundation Of Herkimer And Oneida Counties Inc spend its money?
Community Foundation Of Herkimer And Oneida Counties Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Community Foundation Of Herkimer And Oneida Counties Inc's tax-exempt status?
You can verify Community Foundation Of Herkimer And Oneida Counties Inc's tax-exempt status using EIN 156016932 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 Community Foundation Of Herkimer And Oneida Counties Inc demonstrates strong financial health with consistently growing assets, reaching $201,478,972 in 2023. The organization's revenue has fluctuated, with a notable high of $30,922,448 in 2021, but generally shows a robust capacity for fundraising and investment growth. Spending efficiency appears sound, with expenses typically well below revenue, indicating responsible management of funds. For instance, in 2023, expenses were $14,608,801 against $21,224,240 in revenue. The consistent reporting of 0% officer compensation across all available filings suggests a high degree of transparency and a commitment to directing funds towards the organization's mission rather than executive salaries. This practice is a significant positive indicator of financial integrity and donor trust.