Is Lee And Kay Peterson Family Foundation Inc Legit?
Quick charity verification for Lee And Kay Peterson Family Foundation Inc (EIN: 201945029)
Verdict: Lee And Kay Peterson Family Foundation Inc appears trustworthy
85/100Mission Score
$10KRevenue
$294KAssets
1Red Flags
5Strengths
Red Flags
Lack of detailed expense breakdown in provided data makes precise program efficiency difficult to ascertain.
Strengths
Consistent asset base around $300,000, indicating financial stability.
Zero reported officer compensation across all filings, suggesting high efficiency and volunteer leadership.
Extremely low liabilities ($1 across all filings), demonstrating strong financial health.
Consistent IRS 990 filing history, indicating good transparency and compliance.
NTEE code T20 (Private Grantmaking Foundations) implies a focus on direct charitable giving.
Spending Breakdown
How Lee And Kay Peterson Family 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 Lee And Kay Peterson Family Foundation Inc
Is Lee And Kay Peterson Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lee And Kay Peterson Family Foundation Inc (EIN: 201945029) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
Is Lee And Kay Peterson Family Foundation Inc a good charity to donate to?
Lee And Kay Peterson Family Foundation Inc has a Mission Score of 85/100. Revenue: $10K. Assets: $294K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Lee And Kay Peterson Family Foundation Inc?
The Employer Identification Number (EIN) for Lee And Kay Peterson Family Foundation Inc is 201945029. 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 Lee And Kay Peterson Family Foundation Inc spend its money?
Lee And Kay Peterson Family Foundation Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Lee And Kay Peterson Family Foundation Inc's tax-exempt status?
You can verify Lee And Kay Peterson Family Foundation Inc's tax-exempt status using EIN 201945029 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 Lee And Kay Peterson Family Foundation Inc appears to be a small private foundation with consistent assets around $300,000, as seen in the latest filing showing $301,531 in assets. Its revenue and expenses fluctuate, but generally remain modest. For example, in 2023, revenue was $23,760 against expenses of $17,475. The organization consistently reports zero officer compensation across all available filings, indicating a volunteer-led or very lean operational structure, which is a positive sign for donor confidence regarding administrative overhead.
The foundation's financial health seems stable, maintaining its asset base over time despite periods where expenses exceeded revenue, such as in 2022 ($6,015 revenue vs. $10,175 expenses). The low liabilities ($1 across all filings) suggest a very healthy balance sheet with minimal debt. Given its NTEE code T20 (Private Grantmaking Foundations), its primary function is likely grantmaking, and the absence of significant operational expenses beyond grants would be expected. The consistent filing of IRS Form 990s demonstrates good compliance and transparency.
However, without a detailed breakdown of expenses into program, administrative, and fundraising categories from the provided data, it's challenging to precisely assess spending efficiency. The overall financial picture suggests a well-managed, albeit small, foundation focused on its mission without significant overhead costs.