Is Dr Willard E And Ella N Romberg Supporting Foundation Legit?
Quick charity verification for Dr Willard E And Ella N Romberg Supporting Foundation (EIN: 204245696)
Verdict: Dr Willard E And Ella N Romberg Supporting Foundation appears trustworthy
90/100Mission Score
$558KRevenue
$4.7MAssets
1Red Flags
4Strengths
Red Flags
Expenses exceeded revenue in 2023 ($232,345 vs $138,906), leading to a decrease in net assets for that period.
Strengths
Consistent 0% officer compensation across all reported periods, indicating high efficiency.
Strong asset base, with assets of $4,440,942 in 2023.
Long history of transparent IRS 990 filings (13 filings).
Lean operational structure, likely maximizing funds for charitable purposes.
Spending Breakdown
How Dr Willard E And Ella N Romberg Supporting Foundation allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
5%
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 Dr Willard E And Ella N Romberg Supporting Foundation
Is Dr Willard E And Ella N Romberg Supporting Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Dr Willard E And Ella N Romberg Supporting Foundation (EIN: 204245696) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
Is Dr Willard E And Ella N Romberg Supporting Foundation a good charity to donate to?
Dr Willard E And Ella N Romberg Supporting Foundation has a Mission Score of 90/100. Revenue: $558K. Assets: $4.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Dr Willard E And Ella N Romberg Supporting Foundation?
The Employer Identification Number (EIN) for Dr Willard E And Ella N Romberg Supporting Foundation is 204245696. 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 Dr Willard E And Ella N Romberg Supporting Foundation spend its money?
Dr Willard E And Ella N Romberg Supporting Foundation allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Dr Willard E And Ella N Romberg Supporting Foundation's tax-exempt status?
You can verify Dr Willard E And Ella N Romberg Supporting Foundation's tax-exempt status using EIN 204245696 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 Dr Willard E And Ella N Romberg Supporting Foundation demonstrates consistent financial activity as a supporting organization. Its assets have generally grown over the past decade, reaching $4,440,942 in 2023, up from $3,758,649 in 2014. Revenue and expenses fluctuate year-to-year, which is common for foundations, with 2023 showing expenses ($232,345) exceeding revenue ($138,906), leading to a decrease in net assets for that period. However, this is balanced by periods of significant revenue, such as $551,325 in 2021.
The organization appears to maintain a lean operational structure, as indicated by the consistent 0% officer compensation across all reported periods. This suggests that administrative costs are likely minimal, contributing to efficient use of funds. As a supporting foundation, its primary function is to support other organizations, and the lack of officer compensation is a strong indicator of financial prudence and a focus on its charitable purpose.
Transparency is high given the consistent filing of IRS Form 990s over 13 periods, providing a clear historical financial record. The absence of officer compensation also simplifies the analysis of how funds are allocated, reinforcing a perception of trustworthiness. The foundation's financial health appears stable, with substantial assets to continue its mission despite annual fluctuations in revenue and expenses.