Quick charity verification for Goldie & David Blanksteen Foundation (EIN: 137072675)
Verdict: Goldie & David Blanksteen Foundation appears trustworthy
90/100Mission Score
$2.9MRevenue
$4.1MAssets
1Red Flags
4Strengths
Red Flags
Volatile revenue, with several years reporting negative figures (e.g., -$122,104 in 2023), which could indicate reliance on investment returns that fluctuate significantly.
Strengths
Consistent 0% officer compensation, indicating extremely low administrative overhead and high efficiency.
Stable asset base, consistently maintaining over $3 million in assets in recent years, providing a strong financial foundation.
Minimal liabilities, consistently reporting $0 or $1, demonstrating excellent financial health and no significant debt.
Consistent IRS 990 filing history (11 filings), indicating good transparency and compliance.
Spending Breakdown
How Goldie & David Blanksteen 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 Goldie & David Blanksteen Foundation
Is Goldie & David Blanksteen Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Goldie & David Blanksteen Foundation (EIN: 137072675) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
Is Goldie & David Blanksteen Foundation a good charity to donate to?
Goldie & David Blanksteen Foundation has a Mission Score of 90/100. Revenue: $2.9M. Assets: $4.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Goldie & David Blanksteen Foundation?
The Employer Identification Number (EIN) for Goldie & David Blanksteen Foundation is 137072675. 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 Goldie & David Blanksteen Foundation spend its money?
Goldie & David Blanksteen Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Goldie & David Blanksteen Foundation's tax-exempt status?
You can verify Goldie & David Blanksteen Foundation's tax-exempt status using EIN 137072675 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 Goldie & David Blanksteen Foundation appears to be a private foundation primarily engaged in grantmaking, as indicated by its NTEE code T20J (Private Grantmaking Foundations). Its financial health shows significant fluctuations in revenue, with several years reporting negative revenue, such as -$122,104 in 2023 and -$55,106 in 2022. Despite these revenue swings, the organization maintains a stable asset base, with assets consistently around $3-4 million in recent years, reaching $3,715,347 in 2024. Expenses have remained relatively low and consistent, typically under $250,000 annually, suggesting a lean operational structure. The foundation's liabilities are consistently reported as $0 or $1, indicating a very strong balance sheet with minimal debt.
Spending efficiency is high in terms of administrative overhead, as the organization reports 0% officer compensation across all available filings, implying a volunteer or unpaid leadership structure. This significantly reduces administrative costs. Given its nature as a grantmaking foundation, the majority of its expenses would typically be program-related (grants paid). The absence of significant fundraising expenses is also typical for a private foundation that relies on an endowment or specific donors rather than public fundraising.
Transparency is generally good through its consistent IRS 990 filings. The consistent reporting of $0 officer compensation is a clear indicator of its operational model. However, without a detailed breakdown of expenses beyond what's typically available in summary 990 data (e.g., specific grant recipients vs. other operational costs), a precise program spending ratio is an estimation based on the foundation's likely primary activity. The low liabilities and consistent asset reporting contribute to a clear financial picture.