Is Howard Jackson Fam Tr Foundation Legit?

The Howard Jackson Fam Tr Foundation appears to be a private foundation, as indicated by its consistent revenue streams and asset base, with minimal liabilities. Over the past decade, the organization has maintained a stable asset base, fluctuating around $2.2 million to $2.4 million, with current assets at $2,284,412. Its latest reported revenue is $656,152, which is significantly higher than its typical annual revenues, suggesting a potential one-time large contribution or investment gain. Expenses have generally been well below revenue, allowing for asset growth, though in 2023, expenses ($121,299) exceeded revenue ($94,347). The foundation demonstrates strong financial health with substantial assets relative to its annual expenses. A key aspect of its financial management is the complete absence of officer compensation reported across all available filings, which is a positive indicator for donor confidence as all funds are directed towards the foundation's mission. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, it's challenging to fully assess spending efficiency. The consistent low liabilities ($0 or $1) across all periods indicates excellent financial management and minimal debt burden. Transparency is generally good given the availability of 990 filings. The lack of officer compensation is a strong point for transparency and efficiency. To further enhance transparency, a more detailed public breakdown of how expenses are categorized (program vs. administrative) would be beneficial for external analysis, especially given its NTEE code T22, which typically relates to private grantmaking foundations.