No reported officer compensation, suggesting high efficiency in leadership costs
Consistent history of grantmaking activity over more than a decade
Spending Breakdown
How David S & Janet R Sheridan Foundation 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 David S & Janet R Sheridan Foundation
Is David S & Janet R Sheridan Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, David S & Janet R Sheridan Foundation (EIN: 146205015) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is David S & Janet R Sheridan Foundation a good charity to donate to?
David S & Janet R Sheridan Foundation has a Mission Score of 85/100. Revenue: $607K. Assets: $2.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for David S & Janet R Sheridan Foundation?
The Employer Identification Number (EIN) for David S & Janet R Sheridan Foundation is 146205015. 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 David S & Janet R Sheridan Foundation spend its money?
David S & Janet R Sheridan Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify David S & Janet R Sheridan Foundation's tax-exempt status?
You can verify David S & Janet R Sheridan Foundation's tax-exempt status using EIN 146205015 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 David S & Janet R Sheridan Foundation appears to be a private foundation, as indicated by its consistent revenue and expense patterns, and the NTEE code T22 (Private Grantmaking Foundations). Over the past five years, the foundation has experienced fluctuating revenues and expenses. For instance, in 2023, it reported revenues of $364,309 against expenses of $523,675, resulting in a deficit. This trend of expenses exceeding revenue is also observed in 2022 ($284,341 revenue vs. $334,105 expenses) and 2021 ($113,486 revenue vs. $381,501 expenses), suggesting it's drawing from its asset base to fund its grantmaking activities.
The foundation maintains a healthy asset base, with assets consistently above $2 million, reaching $2,407,524 in 2023. Liabilities are minimal, consistently reported as $1 or $0, which is a strong indicator of financial stability and low financial risk. The absence of officer compensation reported across all filings suggests that the foundation's leadership may be unpaid or compensated through other means not captured in this specific line item, which can be a positive sign for donor confidence regarding administrative efficiency, though further detail would be needed to confirm. Overall, while the foundation has operated at a deficit in recent years, its substantial assets and minimal liabilities provide a solid financial cushion for its grantmaking mission.