Is Dr Willard E And Ella N Romberg Supporting Foundation Legit?

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.