Is Morton & Helen Yulman Charitable Trust 14417154 Legit?

The Morton & Helen Yulman Charitable Trust demonstrates consistent financial activity, primarily functioning as a grant-making organization given its NTEE code is unknown and its expenses are consistently lower than its assets. The organization maintains a very strong asset base, with assets consistently over $9 million and reaching $13,503,090 in the latest period, significantly exceeding its annual expenses. Revenue has fluctuated, from a low of $473,107 in 2022 to a high of $2,797,733 in 2021, indicating reliance on investment returns or large contributions rather than consistent program service fees. The trust exhibits excellent spending efficiency, as all reported officer compensation is 0% across all available filings. This suggests that the trust operates with minimal administrative overhead related to executive salaries, allowing a greater proportion of its funds to be directed towards its charitable purpose. The consistent reporting of liabilities as $1 in recent years (2019-2023) also points to a very healthy balance sheet with virtually no debt. Transparency is high regarding executive compensation, with clear reporting of zero compensation. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a precise assessment of spending efficiency beyond executive compensation is challenging. The consistent filing of IRS Form 990s over a decade demonstrates a commitment to regulatory compliance and public disclosure.