Is Jay L Ramsdell Foundation Legit?

The Jay L Ramsdell Foundation appears to be a small, private foundation with consistent, albeit modest, financial activity. Over the past decade, its annual revenue has fluctuated, ranging from a low of $5,231 in 2014 to a high of $16,237 in 2021. Expenses have generally tracked revenue, indicating a focus on distributing funds rather than accumulating significant reserves, though assets have shown a gradual increase from $84,135 in 2011 to $101,612 in 2023. The foundation consistently reports zero officer compensation, which is a strong indicator of volunteer leadership and efficient use of funds for its stated purpose. Given its small scale and the absence of officer compensation, the foundation demonstrates a high degree of spending efficiency in terms of administrative overhead related to salaries. The consistent reporting of minimal liabilities (often $1 or $0) suggests sound financial management and a lack of debt. However, without detailed expense breakdowns beyond total expenses, it's challenging to fully assess the proportion of spending directly on programs versus other administrative costs. The foundation's transparency is good in terms of filing its 990s consistently, but the lack of an NTEE code and detailed program descriptions in the provided data limits a deeper understanding of its specific mission and impact.