Is Je Pittman And Marjorie B Pittman Foundation Inc Legit?

The Je Pittman And Marjorie B Pittman Foundation Inc demonstrates consistent financial stability as a private foundation, with assets growing from $199,928 in 2011 to $354,220 in 2023. The organization consistently reports minimal liabilities, often just $1, indicating a very healthy balance sheet. Revenue has fluctuated over the years, with a notable peak of $55,160 in 2015 and a recent high of $28,621 in 2023. Expenses have generally remained below revenue, contributing to asset growth, though there were periods like 2021 and 2019 where expenses exceeded revenue, drawing from reserves. Regarding spending efficiency, without a detailed breakdown of expenses beyond total expenses, it's challenging to precisely determine program versus administrative spending. However, as a private foundation, a significant portion of their expenses would typically be grants paid out, which are direct program activities. The consistent reporting of 0% officer compensation across all available filings suggests a highly efficient operational model with no executive salary burden, which is a strong positive indicator for donor confidence. The foundation's consistent filing of IRS Form 990s over a decade demonstrates a commitment to transparency. Overall, the foundation appears to be well-managed financially, maintaining a strong asset base and operating with very low overhead in terms of executive compensation. Its consistent growth in assets over the long term, despite revenue fluctuations, points to prudent financial management. Further insight into the specific nature of their program spending would enhance the understanding of their direct impact.