Quick charity verification for George L Ohrstom Jr Foundation Inc (EIN: 133415874)
Verdict: George L Ohrstom Jr Foundation Inc appears trustworthy
95/100Mission Score
$29.5MRevenue
$88.3MAssets
1Red Flags
5Strengths
Red Flags
NTEE Code is unknown, which can make it harder to understand its specific programmatic focus without further investigation.
Strengths
Consistently reports 0% officer compensation, indicating high efficiency and dedication of resources to mission.
Strong and consistent asset growth over a decade, from $55.2M in 2011 to $79.3M in 2023.
Minimal liabilities ($0 or $1 reported), indicating excellent financial health and low risk.
Substantial asset base ($88,330,501 latest) provides significant capacity for philanthropic activities.
Consistent filing history over 10 periods demonstrates good governance and transparency.
Spending Breakdown
How George L Ohrstom Jr 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 George L Ohrstom Jr Foundation Inc
Is George L Ohrstom Jr Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, George L Ohrstom Jr Foundation Inc (EIN: 133415874) appears trustworthy. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
Is George L Ohrstom Jr Foundation Inc a good charity to donate to?
George L Ohrstom Jr Foundation Inc has a Mission Score of 95/100. Revenue: $29.5M. Assets: $88.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for George L Ohrstom Jr Foundation Inc?
The Employer Identification Number (EIN) for George L Ohrstom Jr Foundation Inc is 133415874. 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 George L Ohrstom Jr Foundation Inc spend its money?
George L Ohrstom Jr Foundation Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify George L Ohrstom Jr Foundation Inc's tax-exempt status?
You can verify George L Ohrstom Jr Foundation Inc's tax-exempt status using EIN 133415874 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 George L Ohrstom Jr Foundation Inc appears to be a well-managed private foundation with a strong financial position. With assets of $88,330,501 and latest reported revenue of $29,496,108, the organization demonstrates substantial financial capacity. Over the past decade, its assets have shown consistent growth, from $55,235,866 in 2011 to $79,363,269 in 2023, indicating sound investment and asset management. The foundation consistently reports zero officer compensation, which is a significant indicator of transparency and a commitment to directing resources towards its mission rather than administrative overhead.
The foundation's spending efficiency is notable given its structure as a private foundation, which typically focuses on grantmaking. While specific program spending ratios are not detailed in the provided summary, the consistent reporting of zero officer compensation suggests a lean operational model. The foundation's liabilities have remained minimal, often reported as $1 or $0, further underscoring its financial stability and responsible fiscal management. The absence of officer compensation also contributes to a high degree of transparency regarding how funds are utilized.
Overall, the George L Ohrstom Jr Foundation Inc exhibits strong financial health, characterized by growing assets, minimal liabilities, and a clear commitment to avoiding executive compensation. This financial discipline allows the foundation to maintain a robust endowment, ensuring its long-term ability to fulfill its philanthropic objectives. The consistent financial reporting over ten periods, with no officer compensation, points to a highly transparent and efficiently run organization.