Is Frank H Jernigan Charitable Foundation Inc Legit?
Quick charity verification for Frank H Jernigan Charitable Foundation Inc (EIN: 203246117)
Verdict: Frank H Jernigan Charitable Foundation Inc appears trustworthy
90/100Mission Score
$631KRevenue
$1.0MAssets
2Red Flags
4Strengths
Red Flags
Significant fluctuation in annual revenue
Expenses exceeded revenue in 2021 by a substantial margin ($281,821 vs $190,996)
Strengths
Consistent asset base over $1 million
Zero officer compensation reported across all filings
Extremely low liabilities ($1) indicating strong financial health
Long history of IRS 990 filings (10 filings provided)
Spending Breakdown
How Frank H Jernigan Charitable Foundation Inc 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 Frank H Jernigan Charitable Foundation Inc
Is Frank H Jernigan Charitable Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Frank H Jernigan Charitable Foundation Inc (EIN: 203246117) appears trustworthy. Mission Score: 90/100. 2 red flags identified, 4 strengths noted.
Is Frank H Jernigan Charitable Foundation Inc a good charity to donate to?
Frank H Jernigan Charitable Foundation Inc has a Mission Score of 90/100. Revenue: $631K. Assets: $1.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Frank H Jernigan Charitable Foundation Inc?
The Employer Identification Number (EIN) for Frank H Jernigan Charitable Foundation Inc is 203246117. 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 Frank H Jernigan Charitable Foundation Inc spend its money?
Frank H Jernigan Charitable Foundation Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Frank H Jernigan Charitable Foundation Inc's tax-exempt status?
You can verify Frank H Jernigan Charitable Foundation Inc's tax-exempt status using EIN 203246117 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 Frank H Jernigan Charitable Foundation Inc demonstrates consistent financial stability with assets consistently over $1 million, reaching $1,064,075 in 2023. The organization's revenue has fluctuated significantly over the past decade, from a high of $236,152 in 2012 to a low of $25,949 in 2013, and most recently $51,076 in 2023. Expenses have generally remained low, with the exception of 2021 where expenses ($281,821) significantly outstripped revenue ($190,996), leading to a decrease in assets. The foundation consistently reports zero officer compensation, which is a strong indicator of efficient use of funds and a volunteer-driven leadership model. The consistent reporting of minimal liabilities ($1) across all filings suggests a very healthy balance sheet and low financial risk. While specific program spending details are not provided in the summary data, the absence of officer compensation suggests a high proportion of funds are likely directed towards its charitable purpose.