Is James And Chloe Gilman Charitable Foundation Inc Legit?
Quick charity verification for James And Chloe Gilman Charitable Foundation Inc (EIN: 200973410)
Verdict: James And Chloe Gilman Charitable Foundation Inc appears trustworthy
90/100Mission Score
$591KRevenue
$4.9MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent asset growth, from $1.57M in 2011 to $4.61M in 2023, indicating strong financial management.
Zero officer compensation reported across all filings, maximizing funds for charitable programs.
Minimal to no liabilities reported, demonstrating excellent financial stability.
Consistent IRS 990 filing history over 10 years, indicating good transparency.
High program spending efficiency due to very low administrative overhead.
Spending Breakdown
How James And Chloe Gilman Charitable Foundation Inc 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 James And Chloe Gilman Charitable Foundation Inc
Is James And Chloe Gilman Charitable Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, James And Chloe Gilman Charitable Foundation Inc (EIN: 200973410) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is James And Chloe Gilman Charitable Foundation Inc a good charity to donate to?
James And Chloe Gilman Charitable Foundation Inc has a Mission Score of 90/100. Revenue: $591K. Assets: $4.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for James And Chloe Gilman Charitable Foundation Inc?
The Employer Identification Number (EIN) for James And Chloe Gilman Charitable Foundation Inc is 200973410. 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 James And Chloe Gilman Charitable Foundation Inc spend its money?
James And Chloe Gilman Charitable Foundation Inc allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify James And Chloe Gilman Charitable Foundation Inc's tax-exempt status?
You can verify James And Chloe Gilman Charitable Foundation Inc's tax-exempt status using EIN 200973410 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 James And Chloe Gilman Charitable Foundation Inc demonstrates consistent financial health, primarily operating as a grant-making foundation with a strong asset base. Over the past decade, its assets have grown significantly from $1,569,281 in 2011 to $4,611,670 in 2023, indicating sound financial management and investment growth. The foundation consistently reports minimal to no liabilities, suggesting a very stable financial position. Its revenue and expenses fluctuate, which is typical for foundations that may experience variations in investment returns or grant distribution cycles. For instance, in 2023, revenue was $276,103 against expenses of $74,319, showing a surplus that contributes to asset growth.
Spending efficiency appears high, as the foundation consistently reports 0% officer compensation across all filings, indicating that administrative costs related to executive salaries are non-existent. This suggests that a very high proportion of its expenses are directed towards its charitable programs (grants). While specific program spending details are not provided in the summary data, the absence of officer compensation is a strong indicator of efficient use of funds. The foundation's consistent filing of IRS Form 990s over a decade demonstrates a commitment to transparency, providing public access to its financial operations.
Overall, the foundation exhibits strong financial health, efficient operations due to no executive compensation, and good transparency through its regular IRS filings. Its substantial and growing asset base, coupled with low liabilities, positions it well to continue its charitable activities.