Is Fredonia College Foundation Of State University Of New York Inc Legit?
Quick charity verification for Fredonia College Foundation Of State University Of New York Inc (EIN: 166054528)
Verdict: Fredonia College Foundation Of State University Of New York Inc appears trustworthy
85/100Mission Score
$11.0MRevenue
$61.1MAssets
1Red Flags
4Strengths
Red Flags
Significant year-to-year revenue fluctuation, potentially indicating reliance on unpredictable large donations or investment gains.
Strengths
Consistent asset growth, from $33,042,341 in 201512 to $54,694,205 in 202312.
Expenses consistently lower than revenue, demonstrating financial prudence.
Zero reported officer compensation across all filings, indicating high transparency and potentially volunteer leadership.
Low liabilities relative to assets, with liabilities at $300,935 against assets of $54,694,205 in 202312.
Spending Breakdown
How Fredonia College Foundation Of State University Of New York Inc allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
10%
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 Fredonia College Foundation Of State University Of New York Inc
Is Fredonia College Foundation Of State University Of New York Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Fredonia College Foundation Of State University Of New York Inc (EIN: 166054528) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Fredonia College Foundation Of State University Of New York Inc a good charity to donate to?
Fredonia College Foundation Of State University Of New York Inc has a Mission Score of 85/100. Revenue: $11.0M. Assets: $61.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Fredonia College Foundation Of State University Of New York Inc?
The Employer Identification Number (EIN) for Fredonia College Foundation Of State University Of New York Inc is 166054528. 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 Fredonia College Foundation Of State University Of New York Inc spend its money?
Fredonia College Foundation Of State University Of New York Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Fredonia College Foundation Of State University Of New York Inc's tax-exempt status?
You can verify Fredonia College Foundation Of State University Of New York Inc's tax-exempt status using EIN 166054528 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 Fredonia College Foundation of State University of New York Inc. demonstrates a generally healthy financial position with substantial and growing assets, reaching $54,694,205 in the latest filing period (202312). Revenue has fluctuated significantly year-to-year, with a notable peak of $13,599,775 in 202112, indicating reliance on larger, potentially less predictable contributions or investment gains. The organization consistently spends less than its revenue, contributing to asset growth, as seen in the 202312 period where revenue was $4,316,448 against expenses of $2,849,856.
Regarding spending efficiency, the provided data does not break down expenses into program, administrative, and fundraising categories, making a precise assessment challenging. However, the consistent growth in assets suggests effective management of resources. The absence of reported officer compensation across all filings indicates a high degree of transparency and potentially a volunteer-led executive structure, which is a positive sign for donor confidence.
Overall, the foundation appears financially stable and well-managed, with a strong asset base supporting its mission. The lack of detailed expense breakdown is the primary limitation in fully assessing spending efficiency, but the zero officer compensation is a strong indicator of good governance and transparency.