Is Edward And Marjorie Goldberger Foundation Legit?
Quick charity verification for Edward And Marjorie Goldberger Foundation (EIN: 136084528)
Verdict: Edward And Marjorie Goldberger Foundation appears trustworthy
90/100Mission Score
$1.2MRevenue
$2.0MAssets
1Red Flags
4Strengths
Red Flags
NTEE Code is unknown, making it difficult to assess specific programmatic alignment without further information.
Strengths
Consistent growth in assets, demonstrating strong financial health (e.g., $1,380,042 in 2012 to $1,673,233 in 2023).
Zero officer compensation reported across all filings, indicating a high dedication of funds to the mission.
Very low liabilities, consistently under $5,000, suggesting minimal financial risk.
Expenses are consistently managed close to or below revenue, showing prudent financial management.
Spending Breakdown
How Edward And Marjorie Goldberger 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 Edward And Marjorie Goldberger Foundation
Is Edward And Marjorie Goldberger Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Edward And Marjorie Goldberger Foundation (EIN: 136084528) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
Is Edward And Marjorie Goldberger Foundation a good charity to donate to?
Edward And Marjorie Goldberger Foundation has a Mission Score of 90/100. Revenue: $1.2M. Assets: $2.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Edward And Marjorie Goldberger Foundation?
The Employer Identification Number (EIN) for Edward And Marjorie Goldberger Foundation is 136084528. 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 Edward And Marjorie Goldberger Foundation spend its money?
Edward And Marjorie Goldberger Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Edward And Marjorie Goldberger Foundation's tax-exempt status?
You can verify Edward And Marjorie Goldberger Foundation's tax-exempt status using EIN 136084528 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 Edward And Marjorie Goldberger Foundation demonstrates consistent financial stability, with assets steadily growing from $1,380,042 in 2012 to $1,673,233 in 2023. The organization consistently operates with expenses closely aligned to or slightly below revenue, as seen in 2023 where revenue was $245,374 and expenses were $238,115, indicating prudent financial management. The absence of officer compensation across all reported periods suggests a strong commitment to directing funds towards the foundation's mission rather than administrative overhead related to executive salaries.
Spending efficiency appears high, given the zero officer compensation and the consistent positive net assets. While a detailed breakdown of program, administrative, and fundraising expenses isn't explicitly provided in the summary data, the overall financial health and lack of executive compensation point towards a lean operational structure. The foundation's liabilities have remained very low, typically under $5,000, which further underscores its strong financial position and low financial risk.
Transparency is generally good, with consistent annual filings. The lack of officer compensation is a significant positive indicator of transparency and a focus on mission. However, without a detailed NTEE code, the specific programmatic focus remains somewhat unclear, which could be an area for enhanced transparency. Overall, the foundation appears to be a well-managed entity with a strong financial foundation and a clear dedication to its charitable purpose.