Quick charity verification for Jerome L Greene Foundation Inc (EIN: 132960852)
Verdict: Jerome L Greene Foundation Inc appears trustworthy
95/100Mission Score
$51.6MRevenue
$794.3MAssets
2Red Flags
4Strengths
Red Flags
Unusually low reported liabilities across all periods, potentially indicating a lack of transparency if certain obligations are not fully captured.
0% officer compensation reported across all filings for an organization with nearly $800 million in assets, which is highly atypical and could suggest compensation is structured in a way that avoids this reporting line, or that the foundation is entirely volunteer-led at the executive level.
Strengths
Exceptional financial stability with nearly $800 million in assets and consistently minimal liabilities (e.g., $1,760 in 2023).
Strong program spending, with an estimated 90% of expenses directed towards programs, indicating a high efficiency in delivering on its mission.
No reported officer compensation, suggesting very low administrative overhead related to executive salaries.
Consistent growth in assets over the long term, demonstrating effective financial management and investment.
Spending Breakdown
How Jerome L Greene 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 Jerome L Greene Foundation Inc
Is Jerome L Greene Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Jerome L Greene Foundation Inc (EIN: 132960852) appears trustworthy. Mission Score: 95/100. 2 red flags identified, 4 strengths noted.
Is Jerome L Greene Foundation Inc a good charity to donate to?
Jerome L Greene Foundation Inc has a Mission Score of 95/100. Revenue: $51.6M. Assets: $794.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Jerome L Greene Foundation Inc?
The Employer Identification Number (EIN) for Jerome L Greene Foundation Inc is 132960852. 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 Jerome L Greene Foundation Inc spend its money?
Jerome L Greene Foundation Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Jerome L Greene Foundation Inc's tax-exempt status?
You can verify Jerome L Greene Foundation Inc's tax-exempt status using EIN 132960852 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 Jerome L Greene Foundation Inc. demonstrates strong financial health, particularly with its substantial asset base, which reached $794,304,840 in its latest filing. The foundation consistently maintains a healthy balance sheet, with liabilities remaining exceptionally low across all reported periods, often at just $1 or a few thousand dollars, indicating excellent financial stability and minimal debt. While revenue has fluctuated significantly over the years, from a high of $506 million in 2011 to $13 million in 2020, the foundation has consistently managed its expenses relative to its grant-making activities. The latest filing shows revenue of $51,645,575 against expenses of $37,545,844, suggesting a well-managed operational budget. The absence of reported officer compensation across all filings is a notable indicator of transparency and potentially lower administrative overhead, as it suggests that executive leadership may be unpaid or compensated through other means not reported as officer compensation on the 990, or that the foundation operates with a volunteer board and no paid officers.