Is Duane H And Dorothy M Bluemke Charitable Foundation Ltd Legit?

The Duane H And Dorothy M Bluemke Charitable Foundation Ltd demonstrates a consistent commitment to its charitable purpose, primarily through grantmaking, as indicated by its NTEE code T20 (Private Grantmaking Foundations). The organization's financial health appears stable, with assets consistently in the multi-million dollar range, peaking at $16.8 million in 2019 and currently at $14.5 million as of 2023. Revenue has fluctuated significantly over the years, from a low of $167,429 in 2020 to a high of $15.6 million in 2019, suggesting reliance on investment returns or large, infrequent contributions. Despite these fluctuations, the foundation consistently incurs expenses, primarily in the $1.1 million to $1.6 million range in recent years, indicating ongoing grant distributions. Spending efficiency is a strong point for this foundation. With zero reported officer compensation across all available filings, the organization minimizes administrative overhead related to executive salaries. This suggests that a very high proportion of its expenses are directed towards its programmatic activities, which for a grantmaking foundation means direct grants to other nonprofits. The consistent reporting of only $1 in liabilities across all periods further underscores a lean operational structure and strong financial management, avoiding debt. Transparency is excellent, with a clear history of IRS 990 filings and consistent reporting of key financial metrics. The absence of officer compensation is a significant positive indicator of efficiency and a focus on mission. The foundation's consistent asset base and low liabilities reflect prudent financial stewardship, ensuring long-term capacity for grantmaking. Overall, the foundation appears to be a well-managed and efficient grantmaking entity.