Quick charity verification for Herman Goldman Foundation Inc (EIN: 136066039)
Verdict: Herman Goldman Foundation Inc appears trustworthy
85/100Mission Score
$5.7MRevenue
$12.0MAssets
3Red Flags
4Strengths
Red Flags
Consistent decline in assets over the past decade, from over $20 million to $11.9 million, without clear explanation of sustainability strategy.
Lack of detailed expense breakdown (program vs. admin) in the provided summary makes a precise efficiency assessment difficult.
NTEE code is unknown, limiting understanding of its specific charitable purpose.
Strengths
Zero reported officer compensation across all filings, indicating high efficiency in leadership costs.
Consistent grant-making activity, with expenses often exceeding revenue, demonstrating active philanthropic distributions.
Maintains a substantial asset base ($11,977,246) to support its mission.
Consistent filing of IRS Form 990s, indicating good regulatory compliance and transparency.
Spending Breakdown
How Herman Goldman Foundation Inc 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 Herman Goldman Foundation Inc
Is Herman Goldman Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Herman Goldman Foundation Inc (EIN: 136066039) appears trustworthy. Mission Score: 85/100. 3 red flags identified, 4 strengths noted.
Is Herman Goldman Foundation Inc a good charity to donate to?
Herman Goldman Foundation Inc has a Mission Score of 85/100. Revenue: $5.7M. Assets: $12.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Herman Goldman Foundation Inc?
The Employer Identification Number (EIN) for Herman Goldman Foundation Inc is 136066039. 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 Goldman Foundation Inc spend its money?
Herman Goldman Foundation Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Herman Goldman Foundation Inc's tax-exempt status?
You can verify Herman Goldman Foundation Inc's tax-exempt status using EIN 136066039 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 Goldman Foundation Inc. appears to be a grant-making organization, as indicated by its consistent pattern of expenses exceeding revenue in most recent years, suggesting it distributes more than it takes in from investment income or contributions. For example, in 2023, expenses were $1,373,508 against revenue of $820,055. The foundation maintains substantial assets, currently $11,977,246, which have been steadily declining from a peak of over $20 million in 2014, indicating a strategy of spending down its endowment or a period of underperforming investments relative to distributions. The consistent reporting of 0% officer compensation across all available filings suggests a lean administrative structure or that compensation is covered by an affiliated entity, which enhances its spending efficiency from a direct compensation perspective. However, without a detailed breakdown of expenses (program, administrative, fundraising), a full assessment of spending efficiency is challenging. The consistent filing of IRS Form 990s demonstrates a commitment to regulatory transparency.