How Joseph And Robert Cornell Memorial Foundation 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 Joseph And Robert Cornell Memorial Foundation
Is Joseph And Robert Cornell Memorial Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Joseph And Robert Cornell Memorial Foundation (EIN: 133097502) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Joseph And Robert Cornell Memorial Foundation a good charity to donate to?
Joseph And Robert Cornell Memorial Foundation has a Mission Score of 95/100. Revenue: $19.6M. Assets: $64.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Joseph And Robert Cornell Memorial Foundation?
The Employer Identification Number (EIN) for Joseph And Robert Cornell Memorial Foundation is 133097502. 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 Joseph And Robert Cornell Memorial Foundation spend its money?
Joseph And Robert Cornell Memorial Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Joseph And Robert Cornell Memorial Foundation's tax-exempt status?
You can verify Joseph And Robert Cornell Memorial Foundation's tax-exempt status using EIN 133097502 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 Joseph And Robert Cornell Memorial Foundation demonstrates strong financial health with substantial assets, consistently exceeding $43 million over the past decade and reaching $64.5 million most recently. The organization's revenue streams fluctuate significantly year-to-year, from a low of $2.29 million in 2020 to a high of $19.6 million in the latest period, indicating reliance on variable funding sources, likely investment returns given its foundation structure. Despite these fluctuations, expenses have remained relatively stable, generally ranging between $2.2 million and $6.1 million annually, suggesting consistent operational costs.
The foundation's spending efficiency appears robust, as evidenced by its consistent positive net assets and the fact that officer compensation has been reported as 0% across all available filings. This indicates that the foundation is likely managed by unpaid board members or through contracted services, which can be a highly efficient model for grant-making foundations. The minimal liabilities reported ($1 across all filings) further underscores a very healthy balance sheet and low financial risk.
Transparency is high, with 10 years of consistent IRS 990 filings available. The absence of officer compensation is a key indicator of efficient resource allocation, as a significant portion of funds is not diverted to executive salaries. The foundation's primary function appears to be grant-making, and without detailed program expense breakdowns, it's assumed that the majority of its expenses are direct charitable distributions, aligning with its memorial foundation nature.