Quick charity verification for Nino R Vaghi Foundation Inc (EIN: 201930198)
Verdict: Nino R Vaghi Foundation Inc appears trustworthy
85/100Mission Score
$743KRevenue
$5.8MAssets
2Red Flags
4Strengths
Red Flags
Significant revenue volatility, including negative revenue in 2023, indicating potential reliance on market-dependent investment income.
Lack of detailed expense breakdown (program vs. admin vs. fundraising) in the provided summary, making precise efficiency assessment challenging.
Strengths
Strong financial health with substantial assets ($5,765,476) and consistently low liabilities.
Exceptional spending efficiency regarding executive compensation, with 0% reported officer compensation across all filings.
Consistent history of IRS 990 filings, indicating good compliance and transparency.
Low overall expenses relative to asset base, suggesting efficient operations or significant asset preservation.
Spending Breakdown
How Nino R Vaghi 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 Nino R Vaghi Foundation Inc
Is Nino R Vaghi Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Nino R Vaghi Foundation Inc (EIN: 201930198) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Nino R Vaghi Foundation Inc a good charity to donate to?
Nino R Vaghi Foundation Inc has a Mission Score of 85/100. Revenue: $743K. Assets: $5.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Nino R Vaghi Foundation Inc?
The Employer Identification Number (EIN) for Nino R Vaghi Foundation Inc is 201930198. 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 Nino R Vaghi Foundation Inc spend its money?
Nino R Vaghi Foundation Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Nino R Vaghi Foundation Inc's tax-exempt status?
You can verify Nino R Vaghi Foundation Inc's tax-exempt status using EIN 201930198 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 Nino R Vaghi Foundation Inc demonstrates a generally strong financial position with substantial assets, currently at $5,765,476. The organization's revenue has shown significant fluctuations over the years, including a negative revenue of $-223,370 in 2023, which warrants further investigation into its source, likely investment losses. Despite these fluctuations, the foundation consistently maintains low liabilities, indicating good financial management and minimal debt burden. The absence of officer compensation reported across all filings suggests a volunteer-led or very lean administrative structure, which contributes positively to spending efficiency.
Regarding spending efficiency, the foundation's expenses have remained relatively low compared to its asset base and, in most years, its revenue. For instance, in 2022, expenses were $225,852 against revenue of $714,482. The NTEE code T22 (Private Grantmaking Foundations) suggests its primary activity is making grants, which would typically fall under program spending. Without a detailed breakdown of expenses into program, administrative, and fundraising categories from the provided data, it's challenging to precisely assess spending efficiency. However, the overall low expense figures relative to assets and revenue imply that a significant portion of its resources is likely preserved for its mission or future grantmaking.
Transparency appears to be adequate given the availability of 990 filings. The consistent reporting of zero officer compensation is a positive indicator of transparency regarding executive pay. However, a more detailed breakdown of expenses within the 990 forms would enhance transparency regarding how funds are allocated between direct program activities, administrative overhead, and any fundraising efforts. The significant swings in revenue, particularly the negative figure in 2023, highlight the importance of understanding the foundation's investment strategies and their impact on its financial health.