Quick charity verification for Edwin C Remick Foundation (EIN: 20469603)
Verdict: Edwin C Remick Foundation appears trustworthy
85/100Mission Score
$1.1MRevenue
$2.7MAssets
2Red Flags
4Strengths
Red Flags
Consistent expenses exceeding revenue without clear explanation of funding source for deficit (e.g., endowment draw)
NTEE Code is unknown, limiting understanding of mission area
Strengths
Consistent reporting of 0% officer compensation, indicating high efficiency in executive overhead
Stable and growing asset base, from $2.58M in 2011 to $2.72M in 2023, demonstrating financial resilience
Low liabilities relative to assets, indicating strong financial health
Long history of consistent IRS 990 filings, suggesting transparency and compliance
Spending Breakdown
How Edwin C Remick 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 Edwin C Remick Foundation
Is Edwin C Remick Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Edwin C Remick Foundation (EIN: 20469603) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Edwin C Remick Foundation a good charity to donate to?
Edwin C Remick Foundation has a Mission Score of 85/100. Revenue: $1.1M. Assets: $2.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Edwin C Remick Foundation?
The Employer Identification Number (EIN) for Edwin C Remick Foundation is 20469603. 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 Edwin C Remick Foundation spend its money?
Edwin C Remick Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Edwin C Remick Foundation's tax-exempt status?
You can verify Edwin C Remick Foundation's tax-exempt status using EIN 20469603 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 Edwin C Remick Foundation demonstrates consistent financial activity, with revenues and expenses generally in the range of $750,000 to $900,000 over the past decade. The organization's assets have shown steady growth, increasing from $2,587,071 in 2011 to $2,729,908 in 2023, indicating financial stability. A notable aspect is the consistent reporting of 0% officer compensation across all available filings, which suggests a high degree of financial transparency regarding leadership remuneration and potentially a volunteer-driven or very lean administrative structure.
While the foundation consistently operates with expenses often exceeding revenue, as seen in 2023 where expenses were $972,565 against revenues of $808,309, this is not uncommon for foundations that distribute grants from an endowment. The relatively low liabilities, such as $81,423 in 2023, compared to its substantial assets, further underscore its sound financial position. The lack of specific program spending breakdowns in the provided data makes a detailed assessment of spending efficiency challenging, but the absence of officer compensation is a strong positive indicator of efficient use of funds at the top level.
Overall, the Edwin C Remick Foundation appears to be a financially stable organization with a consistent operational history. Its transparency regarding executive compensation is commendable. Further insight into its program spending ratio would provide a more complete picture of its overall spending efficiency and impact.