Is H Scott Caven Iii Memorial Foundation Inc Legit?
Quick charity verification for H Scott Caven Iii Memorial Foundation Inc (EIN: 202450503)
Verdict: H Scott Caven Iii Memorial Foundation Inc appears trustworthy
75/100Mission Score
$230KRevenue
$1.7MAssets
3Red Flags
3Strengths
Red Flags
Recurring annual deficits (e.g., $21,585 in 2023, $9,616 in 2022) where expenses exceed revenue.
Lack of detailed expense breakdown in provided data, hindering full spending efficiency analysis.
Consistent 0% officer compensation for an organization with over $1.6 million in assets, which could indicate reliance on unpaid labor or other compensation structures not reported as officer pay.
Strengths
Strong asset base of over $1.6 million, providing financial stability.
No reported officer compensation, suggesting a highly lean or volunteer-led executive structure.
Spending Breakdown
How H Scott Caven Iii Memorial Foundation Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 H Scott Caven Iii Memorial Foundation Inc
Is H Scott Caven Iii Memorial Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, H Scott Caven Iii Memorial Foundation Inc (EIN: 202450503) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
Is H Scott Caven Iii Memorial Foundation Inc a good charity to donate to?
H Scott Caven Iii Memorial Foundation Inc has a Mission Score of 75/100. Revenue: $230K. Assets: $1.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for H Scott Caven Iii Memorial Foundation Inc?
The Employer Identification Number (EIN) for H Scott Caven Iii Memorial Foundation Inc is 202450503. 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 H Scott Caven Iii Memorial Foundation Inc spend its money?
H Scott Caven Iii Memorial Foundation Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify H Scott Caven Iii Memorial Foundation Inc's tax-exempt status?
You can verify H Scott Caven Iii Memorial Foundation Inc's tax-exempt status using EIN 202450503 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 H Scott Caven Iii Memorial Foundation Inc demonstrates consistent financial stability with substantial assets relative to its annual revenue and expenses. The organization reported assets of $1,625,405 in 2023 against revenues of $80,369 and expenses of $101,954. A notable characteristic is the complete absence of officer compensation across all reported periods, indicating a volunteer-led or very lean executive structure, which can contribute to lower administrative costs. However, the provided data lacks a detailed breakdown of expenses (program, administrative, fundraising), making a precise assessment of spending efficiency challenging. While the foundation consistently maintains low liabilities (often $1), the recurring deficit in recent years (e.g., $21,585 in 2023 and $9,616 in 2022) suggests that expenses are exceeding revenue, which could draw down assets over time if not addressed.
Without a detailed functional expense statement, it's difficult to fully evaluate the efficiency of program delivery versus overhead. The foundation's NTEE code T90 (Philanthropy, Voluntarism, and Grantmaking Foundations) suggests its primary activity is grantmaking, which typically has lower direct program costs compared to service delivery organizations. The consistent asset base, despite fluctuating revenues and occasional deficits, points to a well-managed endowment or investment strategy. The organization's transparency is good in terms of filing its 990s, but the lack of detailed expense categories in the provided summary limits a deeper analysis of how funds are allocated.
Overall, the foundation appears financially sound with a strong asset base and a commitment to avoiding executive compensation. However, the trend of expenses exceeding revenue in recent years warrants attention. A more granular breakdown of expenses would be necessary to fully assess spending efficiency and program impact.