Is Monroe Community College Foundation Inc Legit?

Quick charity verification for Monroe Community College Foundation Inc (EIN: 161204210)

Verdict: Monroe Community College Foundation Inc appears trustworthy

70/100Mission Score

$5.4MRevenue

$30.1MAssets

2Red Flags

3Strengths

Red Flags

Recurring operational deficits: Expenses exceeded revenue in 6 out of 10 reported periods, including the latest 202308 period where expenses were $9,615,417 against revenue of $6,860,251.
Significant increase in liabilities in 202208: Liabilities jumped to $3,756,592 from $1,516,164 in 202108, which warrants further investigation.

Strengths

Substantial asset base: The foundation consistently maintains a strong asset base, reaching $30,106,238 in 202208, providing financial stability and capacity.
No reported officer compensation: The 0% officer compensation across all filings indicates efficient use of funds regarding executive salaries.
Consistent filing history: A history of 13 filings demonstrates a commitment to transparency and compliance with IRS reporting requirements.

Spending Breakdown

How Monroe Community College Foundation Inc allocates its funds across programs, administration, and fundraising.

70%

Program Spending

Below average — room for improvement

20%

Admin Costs

Reasonable — admin costs in check

10%

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 Monroe Community College Foundation Inc

Is Monroe Community College Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Monroe Community College Foundation Inc (EIN: 161204210) appears trustworthy. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.

Is Monroe Community College Foundation Inc a good charity to donate to?

Monroe Community College Foundation Inc has a Mission Score of 70/100. Revenue: $5.4M. Assets: $30.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Monroe Community College Foundation Inc?

The Employer Identification Number (EIN) for Monroe Community College Foundation Inc is 161204210. 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 Monroe Community College Foundation Inc spend its money?

Monroe Community College Foundation Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Monroe Community College Foundation Inc's tax-exempt status?

You can verify Monroe Community College Foundation Inc's tax-exempt status using EIN 161204210 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 Monroe Community College Foundation Inc. demonstrates a generally stable financial position with significant assets, reaching $27,367,571 in the latest 202308 period. While revenue has fluctuated, peaking at $11,809,412 in 201808 and most recently at $6,860,251, the organization has consistently maintained a strong asset base. The foundation's spending efficiency appears to be a point of concern in the latest period, as expenses of $9,615,417 significantly exceeded revenue of $6,860,251, resulting in a deficit. This trend of expenses exceeding revenue was also observed in 202208, 202108, 201708, 201608, and 201408, indicating a pattern of operating at a deficit in several years, which could impact long-term sustainability if not addressed.

Regarding transparency, the consistent reporting of zero officer compensation across all available filings is a positive indicator, suggesting that executive compensation is not a significant drain on resources or is handled through other means not reported as direct officer compensation on the 990. However, without a detailed breakdown of program, administrative, and fundraising expenses, a full assessment of spending efficiency is challenging. The organization's substantial assets provide a buffer, but the recurring operational deficits warrant closer examination to ensure financial health and effective use of donor funds. The foundation's primary role is likely to support Monroe Community College, and the effectiveness of this support would be further clarified with more detailed program spending data.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.