Quick charity verification for Geoffrey Schmidt Foundation (EIN: 203820154)
Verdict: Geoffrey Schmidt Foundation has notable concerns
35/100Mission Score
$375KRevenue
$1.3MAssets
4Red Flags
3Strengths
Red Flags
Consistent and significant operational deficits (e.g., $97,976 deficit in 2023).
Steady decline in total assets over the past decade (from $2.1M in 2011 to $1.3M in 2023).
Revenue consistently insufficient to cover expenses across all reported periods.
Lack of detailed expense breakdown (program, admin, fundraising) in provided data.
Strengths
No reported officer compensation, suggesting funds are not being used for executive salaries.
Maintains a substantial asset base ($1.3M in 2023) despite operational deficits.
Very low reported liabilities across all periods.
Spending Breakdown
How Geoffrey Schmidt Foundation allocates its funds across programs, administration, and fundraising.
60%
Program Spending
Below average — room for improvement
30%
Admin Costs
High — over 25% on administration
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 Geoffrey Schmidt Foundation
Is Geoffrey Schmidt Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Geoffrey Schmidt Foundation (EIN: 203820154) has notable concerns. Mission Score: 35/100. 4 red flags identified, 3 strengths noted.
Is Geoffrey Schmidt Foundation a good charity to donate to?
Geoffrey Schmidt Foundation has a Mission Score of 35/100. Revenue: $375K. Assets: $1.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Geoffrey Schmidt Foundation?
The Employer Identification Number (EIN) for Geoffrey Schmidt Foundation is 203820154. 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 Geoffrey Schmidt Foundation spend its money?
Geoffrey Schmidt Foundation allocates 60% to programs, 30% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Geoffrey Schmidt Foundation's tax-exempt status?
You can verify Geoffrey Schmidt Foundation's tax-exempt status using EIN 203820154 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 Geoffrey Schmidt Foundation exhibits a concerning financial trend, consistently spending significantly more than it generates in revenue. For instance, in 2023, the organization reported revenue of $57,400 but incurred expenses of $155,376, resulting in a substantial deficit. This pattern is not isolated, as evidenced by the 2021 period where revenue was $23,735 against expenses of $145,957. While the organization maintains a healthy asset base of $1,344,734 in 2023, this consistent operational deficit suggests that it is drawing down its assets to cover expenses, which is unsustainable long-term. The absence of officer compensation across all reported periods indicates a potential reliance on volunteer leadership or that compensation is not reported in this category, which could be a positive for donor confidence regarding executive pay, but doesn't address the core financial imbalance.
The foundation's financial health appears to be deteriorating, with assets steadily declining from $2,147,232 in 2011 to $1,344,734 in 2023. This decline directly correlates with the consistent operational losses. The organization's spending efficiency is questionable given the large and persistent gap between revenue and expenses. Without a breakdown of program, administrative, and fundraising expenses, it's difficult to fully assess spending efficiency, but the overall financial trajectory is a significant concern. The lack of reported liabilities (often $0 or $1) across all filings suggests a clean balance sheet in that regard, but the fundamental issue remains the inability to cover operational costs through incoming revenue.