Is New York State Future Farmers Leadership Trng Foundation Inc Legit?
Quick charity verification for New York State Future Farmers Leadership Trng Foundation Inc (EIN: 156012484)
Verdict: New York State Future Farmers Leadership Trng Foundation Inc appears trustworthy
92/100Mission Score
$1.7MRevenue
$6.2MAssets
1Red Flags
5Strengths
Red Flags
Unusually low or zero reported officer compensation for an organization of this size, which might warrant further investigation into how executive functions are compensated or supported.
Strengths
Consistent asset growth, from $1,870,952 in 2014 to $5,936,764 in 2023, demonstrating strong financial management.
Zero reported officer compensation across all filings, indicating a high proportion of funds likely directed to programs.
Consistent revenue generation, with latest revenue at $1,548,876, supporting ongoing operations.
Healthy financial surpluses in most years, contributing to robust reserves.
Strong liquidity with assets significantly exceeding liabilities ($5,936,764 vs $1,088,221 in 2023).
Spending Breakdown
How New York State Future Farmers Leadership Trng Foundation Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 New York State Future Farmers Leadership Trng Foundation Inc
Is New York State Future Farmers Leadership Trng Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New York State Future Farmers Leadership Trng Foundation Inc (EIN: 156012484) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is New York State Future Farmers Leadership Trng Foundation Inc a good charity to donate to?
New York State Future Farmers Leadership Trng Foundation Inc has a Mission Score of 92/100. Revenue: $1.7M. Assets: $6.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for New York State Future Farmers Leadership Trng Foundation Inc?
The Employer Identification Number (EIN) for New York State Future Farmers Leadership Trng Foundation Inc is 156012484. 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 New York State Future Farmers Leadership Trng Foundation Inc spend its money?
New York State Future Farmers Leadership Trng Foundation Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify New York State Future Farmers Leadership Trng Foundation Inc's tax-exempt status?
You can verify New York State Future Farmers Leadership Trng Foundation Inc's tax-exempt status using EIN 156012484 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 New York State Future Farmers Leadership Trng Foundation Inc demonstrates generally sound financial health, with consistent revenue streams and growing assets over the past decade. In the latest filing (202312), the organization reported revenue of $1,548,876 against expenses of $1,166,263, indicating a surplus that contributes to asset growth. The organization's assets have steadily increased from $1,870,952 in 2014 to $5,936,764 in 2023, suggesting effective financial management and accumulation of resources.
Spending efficiency appears strong, particularly given the consistent reporting of 0% officer compensation across all available filings, which suggests a high proportion of funds are directed towards programmatic activities rather than executive salaries. While a detailed breakdown of program, administrative, and fundraising expenses isn't provided in the summary data, the absence of officer compensation is a positive indicator for donor confidence. The organization's transparency is bolstered by its consistent filing history, with 13 filings available, allowing for a comprehensive review of its financial trajectory.