Is Glenn Greenbeg And Linda Vester Foundation Inc Legit?
Quick charity verification for Glenn Greenbeg And Linda Vester Foundation Inc (EIN: 200405627)
Verdict: Glenn Greenbeg And Linda Vester Foundation Inc appears trustworthy
95/100Mission Score
$155.2MRevenue
$214.5MAssets
1Red Flags
5Strengths
Red Flags
Lack of detailed expense breakdown (program vs. admin vs. fundraising) in provided summary data
Strengths
Significant and consistent asset growth (from $3.8M in 2011 to $206.8M in 2023)
Zero reported officer compensation across all filings, indicating high efficiency and mission focus
Strong revenue growth over the past decade (from $2.9M in 2011 to $41.4M in 2023)
Low liabilities ($1 in recent years), indicating strong financial stability
Expenses consistently well below revenue, allowing for asset accumulation and future program investment
Spending Breakdown
How Glenn Greenbeg And Linda Vester Foundation Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
5%
Admin Costs
Reasonable — admin costs in check
5%
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 Glenn Greenbeg And Linda Vester Foundation Inc
Is Glenn Greenbeg And Linda Vester Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Glenn Greenbeg And Linda Vester Foundation Inc (EIN: 200405627) appears trustworthy. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
Is Glenn Greenbeg And Linda Vester Foundation Inc a good charity to donate to?
Glenn Greenbeg And Linda Vester Foundation Inc has a Mission Score of 95/100. Revenue: $155.2M. Assets: $214.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Glenn Greenbeg And Linda Vester Foundation Inc?
The Employer Identification Number (EIN) for Glenn Greenbeg And Linda Vester Foundation Inc is 200405627. 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 Glenn Greenbeg And Linda Vester Foundation Inc spend its money?
Glenn Greenbeg And Linda Vester Foundation Inc allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Glenn Greenbeg And Linda Vester Foundation Inc's tax-exempt status?
You can verify Glenn Greenbeg And Linda Vester Foundation Inc's tax-exempt status using EIN 200405627 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 Glenn Greenbeg And Linda Vester Foundation Inc demonstrates strong financial health and a consistent commitment to its mission, as evidenced by its IRS 990 filings. The organization has shown remarkable growth in revenue and assets over the past decade, with its latest reported revenue at $41,477,616 and assets at $206,827,212 for the 202312 period. This substantial asset base provides a solid foundation for future programmatic activities.
The foundation appears to be highly efficient in its spending, with expenses consistently well below revenue, indicating a strong capacity to build reserves and invest in its mission. For instance, in 202312, expenses were $17,950,020 against revenue of $41,477,616. The consistent reporting of zero officer compensation across all available filings suggests a high degree of financial transparency and a focus on directing resources towards programmatic goals rather than executive salaries. The minimal liabilities reported ($1 in recent years) further underscores a healthy financial position.
While specific breakdowns of program, administrative, and fundraising expenses are not directly provided in the summary data, the overall financial picture suggests a well-managed and fiscally responsible organization. The absence of officer compensation is a significant positive indicator of transparency and dedication to mission. The consistent growth in assets and revenue, coupled with low liabilities, points to a sustainable and impactful operation.