Is Gertrude And Murray Bennett Family Foundation Legit?
Quick charity verification for Gertrude And Murray Bennett Family Foundation (EIN: 205716045)
Verdict: Gertrude And Murray Bennett Family Foundation appears trustworthy
85/100Mission Score
$1.6MRevenue
$5.4MAssets
2Red Flags
3Strengths
Red Flags
Consistent decline in assets over the past decade, indicating a drawdown strategy without significant new capital infusions.
Unusual consistent reporting of $1 in liabilities across all filings, which may be an accounting anomaly or simplified reporting.
Strengths
Zero officer compensation reported across all filings, indicating highly efficient use of funds for executive salaries.
Consistent grantmaking activity, fulfilling its purpose as a private foundation.
Regular and timely filing of IRS Form 990s, demonstrating transparency.
Spending Breakdown
How Gertrude And Murray Bennett Family 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 Gertrude And Murray Bennett Family Foundation
Is Gertrude And Murray Bennett Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Gertrude And Murray Bennett Family Foundation (EIN: 205716045) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
Is Gertrude And Murray Bennett Family Foundation a good charity to donate to?
Gertrude And Murray Bennett Family Foundation has a Mission Score of 85/100. Revenue: $1.6M. Assets: $5.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Gertrude And Murray Bennett Family Foundation?
The Employer Identification Number (EIN) for Gertrude And Murray Bennett Family Foundation is 205716045. 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 Gertrude And Murray Bennett Family Foundation spend its money?
Gertrude And Murray Bennett Family Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Gertrude And Murray Bennett Family Foundation's tax-exempt status?
You can verify Gertrude And Murray Bennett Family Foundation's tax-exempt status using EIN 205716045 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 Gertrude And Murray Bennett Family Foundation appears to be a private foundation, as indicated by its consistent pattern of distributing funds rather than actively fundraising from the public. Its financial health shows a steady decline in assets over the past decade, from $7,799,399 in 2011 to $5,281,794 in 2023, while expenses have generally outpaced revenue. For instance, in 2023, the foundation reported revenue of $158,528 against expenses of $406,167, indicating it is drawing down its endowment to cover its grantmaking activities. This is a common operational model for private foundations.
Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to precisely assess. However, as a private foundation, its primary 'program' activity is typically grantmaking, and it reports 0% officer compensation across all filings, which suggests low administrative overhead in terms of executive salaries. The foundation's transparency is good in terms of filing its IRS Form 990s consistently, providing public access to its financial data. The consistent liabilities of $1 across all filings are unusual and might warrant further investigation into how liabilities are reported.
Overall, the foundation is fulfilling its role as a grantmaking entity, systematically distributing its assets over time. Its financial health is stable for a private foundation in drawdown mode, and its transparency is adequate through its public filings. The lack of officer compensation is a positive indicator of efficient use of funds, assuming other administrative costs are also kept low.