Is Maud Glover Folsom Foundation Inc Legit?…

Quick charity verification for Maud Glover Folsom Foundation Inc (EIN: 111965890)

Strengths

Strong program spending: The absence of officer compensation suggests a very high percentage of expenses are directed towards programs.
Excellent financial health: Assets have grown significantly to $12,699,629 in 202307, while liabilities remain minimal ($1).
Zero officer compensation: Consistently reporting 0% officer compensation across all filings is a strong indicator of efficiency and mission focus.
Consistent asset growth: The foundation has demonstrated a clear upward trend in its asset base over the past decade.
Low liabilities: The organization consistently maintains extremely low liabilities, indicating strong fiscal management and minimal debt.

Spending Breakdown

How Maud Glover Folsom 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

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 Maud Glover Folsom Foundation Inc

Is Maud Glover Folsom Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Maud Glover Folsom Foundation Inc (EIN: 111965890) appears trustworthy. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.

Is Maud Glover Folsom Foundation Inc a good charity to donate to?

Maud Glover Folsom Foundation Inc has a Mission Score of 95/100. Revenue: $3.3M. Assets: $12.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Maud Glover Folsom Foundation Inc?

The Employer Identification Number (EIN) for Maud Glover Folsom Foundation Inc is 111965890. 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 Maud Glover Folsom Foundation Inc spend its money?

Maud Glover Folsom Foundation Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Maud Glover Folsom Foundation Inc's tax-exempt status?

You can verify Maud Glover Folsom Foundation Inc's tax-exempt status using EIN 111965890 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 Maud Glover Folsom Foundation Inc demonstrates strong financial health, particularly in its asset growth and program spending. In the most recent filing (202307), the organization reported substantial revenue of $7,056,569 against expenses of $1,274,265, leading to a significant increase in assets to $12,699,629. This indicates effective management of resources and a healthy financial position. The foundation consistently maintains very low liabilities, often reporting only $1, which is a positive indicator of fiscal responsibility and minimal debt burden.

The organization's spending efficiency appears high, with a significant portion of its expenses likely directed towards its programmatic mission, given the absence of officer compensation and generally low overall expenses relative to revenue in many periods. For instance, in 202307, expenses were only about 18% of revenue, suggesting a lean operational structure. The consistent reporting of zero officer compensation across all available filings is a strong indicator of transparency and a commitment to directing funds towards the mission rather than executive salaries. This practice significantly enhances the organization's spending efficiency and donor confidence.

Overall, the Maud Glover Folsom Foundation Inc exhibits excellent financial health, strong spending efficiency, and a high degree of transparency, particularly concerning executive compensation. The consistent growth in assets, coupled with low liabilities and no reported officer compensation, paints a picture of a well-managed and mission-focused organization.

Is Maud Glover Folsom Foundation Inc Legit?

Verdict: Maud Glover Folsom Foundation Inc appears trustworthy

Red Flags