Is Herman And Louise Schmittcharitable Trust Dtd 6 1 07 Legit?
Quick charity verification for Herman And Louise Schmittcharitable Trust Dtd 6 1 07 (EIN: 207467528)
Verdict: Herman And Louise Schmittcharitable Trust Dtd 6 1 07 appears trustworthy
90/100Mission Score
$91KRevenue
$346KAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Zero officer compensation, maximizing funds for charitable purpose.
Consistent growth in assets, from $158,244 in 2011 to $354,444 in 2023.
Minimal liabilities ($1 in recent years), indicating strong financial health.
Consistent IRS 990 filing history over a decade, demonstrating transparency.
Spending Breakdown
How Herman And Louise Schmittcharitable Trust Dtd 6 1 07 allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
5%
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 Herman And Louise Schmittcharitable Trust Dtd 6 1 07
Is Herman And Louise Schmittcharitable Trust Dtd 6 1 07 a legitimate charity?
Based on AI analysis of IRS 990 filings, Herman And Louise Schmittcharitable Trust Dtd 6 1 07 (EIN: 207467528) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
Is Herman And Louise Schmittcharitable Trust Dtd 6 1 07 a good charity to donate to?
Herman And Louise Schmittcharitable Trust Dtd 6 1 07 has a Mission Score of 90/100. Revenue: $91K. Assets: $346K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Herman And Louise Schmittcharitable Trust Dtd 6 1 07?
The Employer Identification Number (EIN) for Herman And Louise Schmittcharitable Trust Dtd 6 1 07 is 207467528. 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 Herman And Louise Schmittcharitable Trust Dtd 6 1 07 spend its money?
Herman And Louise Schmittcharitable Trust Dtd 6 1 07 allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Herman And Louise Schmittcharitable Trust Dtd 6 1 07's tax-exempt status?
You can verify Herman And Louise Schmittcharitable Trust Dtd 6 1 07's tax-exempt status using EIN 207467528 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 Herman And Louise Schmittcharitable Trust Dtd 6 1 07 demonstrates consistent financial activity, primarily operating as a grant-making trust. Its financial health appears stable, with assets growing from $158,244 in 2011 to $354,444 in 2023, indicating prudent management of its endowment. Revenue and expenses fluctuate, as is common for trusts, with a notable spike in revenue in 2021 ($309,340) which significantly boosted its asset base. The trust consistently reports minimal liabilities ($1 in recent years), suggesting a strong balance sheet and low financial risk.
Spending efficiency is high, as the trust reports 0% officer compensation across all available filings, indicating that administrative costs are likely very low or absorbed by trustees without direct compensation. This allows a greater proportion of its resources to be directed towards its charitable purpose. Given its structure as a charitable trust, its primary 'program' spending would be in the form of grants or distributions, which are not detailed in the provided summary but are implied by its NTEE code (T22 - Private Grantmaking Foundations).
Transparency is excellent regarding executive compensation, as none is reported. The consistent filing of IRS Form 990s over a decade also contributes to its transparency. While specific grant recipient details are not provided in this summary, the overall financial picture suggests a well-managed and efficient operation focused on its charitable mission.