Is Louis B Ii And Josephine L Kohn Family Foundation Inc Legit?
Quick charity verification for Louis B Ii And Josephine L Kohn Family Foundation Inc (EIN: 201516339)
Verdict: Louis B Ii And Josephine L Kohn Family Foundation Inc appears trustworthy
85/100Mission Score
$626KRevenue
$2.4MAssets
2Red Flags
3Strengths
Red Flags
Consistent annual expenses exceeding revenue, leading to asset depletion (e.g., 2023 expenses $284,036 vs. revenue $127,738).
Significant decline in total assets over the past decade (from $3,436,617 in 2011 to $2,431,306 in 2023).
Strengths
Zero reported officer compensation across all filings, indicating high efficiency and dedication.
Very low liabilities, often $1, suggesting sound financial management regarding debt.
Consistent and transparent IRS 990 filing history (10 filings).
Spending Breakdown
How Louis B Ii And Josephine L Kohn 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 Louis B Ii And Josephine L Kohn Family Foundation Inc
Is Louis B Ii And Josephine L Kohn Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Louis B Ii And Josephine L Kohn Family Foundation Inc (EIN: 201516339) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
Is Louis B Ii And Josephine L Kohn Family Foundation Inc a good charity to donate to?
Louis B Ii And Josephine L Kohn Family Foundation Inc has a Mission Score of 85/100. Revenue: $626K. Assets: $2.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Louis B Ii And Josephine L Kohn Family Foundation Inc?
The Employer Identification Number (EIN) for Louis B Ii And Josephine L Kohn Family Foundation Inc is 201516339. 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 Louis B Ii And Josephine L Kohn Family Foundation Inc spend its money?
Louis B Ii And Josephine L Kohn 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 Louis B Ii And Josephine L Kohn Family Foundation Inc's tax-exempt status?
You can verify Louis B Ii And Josephine L Kohn Family Foundation Inc's tax-exempt status using EIN 201516339 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 Louis B Ii And Josephine L Kohn Family Foundation Inc operates as a private foundation, as indicated by its NTEE code T22. Over the past several years, the foundation has consistently spent more than its annual revenue, leading to a gradual decline in its asset base. For instance, in 2023, the foundation reported revenue of $127,738 against expenses of $284,036, resulting in a net deficit. This trend is visible across multiple years, with expenses frequently exceeding revenue. While this is not uncommon for foundations that distribute grants from an endowment, the consistent decline in assets from $3,436,617 in 2011 to $2,431,306 in 2023 suggests a spending rate that is not sustainable without additional capital infusions or a change in investment performance.
The foundation demonstrates strong financial transparency through its consistent IRS 990 filings. A notable positive aspect is the complete absence of officer compensation reported across all available filings, indicating that the foundation's leadership is likely unpaid, which is a strong indicator of efficiency and dedication to its mission. The liabilities have also remained extremely low, often at $1, suggesting sound financial management regarding debt. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, it's challenging to fully assess spending efficiency beyond the lack of executive compensation.
Overall, the foundation appears to be a well-managed entity in terms of its operational overhead and transparency, but its long-term financial sustainability warrants attention due to the consistent spending exceeding revenue and the resulting decline in assets. The foundation's primary function is likely grant-making, and the consistent outflow of funds without commensurate revenue growth will eventually deplete its endowment if the trend continues.