Quick charity verification for Oscar T And Olivann Hokoldfoundation (EIN: 204298535)
Verdict: Oscar T And Olivann Hokoldfoundation appears trustworthy
85/100Mission Score
$20.2MRevenue
$108.7MAssets
1Red Flags
4Strengths
Red Flags
No reported officer compensation for an organization with over $100M in assets, which is highly unusual and could indicate incomplete disclosure of administrative costs or an unusual operational model.
Strengths
Strong program spending, with expenses closely matching revenue in recent years (e.g., 2023: $19,887,071 expenses vs. $19,697,444 revenue).
Substantial and stable asset base, with assets consistently over $100 million in recent periods, providing long-term financial stability.
Consistent 990 filing history, demonstrating transparency in financial reporting.
No reported officer compensation, indicating a high percentage of funds potentially directed towards programmatic activities.
Spending Breakdown
How Oscar T And Olivann Hokoldfoundation allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
5%
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 Oscar T And Olivann Hokoldfoundation
Is Oscar T And Olivann Hokoldfoundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Oscar T And Olivann Hokoldfoundation (EIN: 204298535) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Oscar T And Olivann Hokoldfoundation a good charity to donate to?
Oscar T And Olivann Hokoldfoundation has a Mission Score of 85/100. Revenue: $20.2M. Assets: $108.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Oscar T And Olivann Hokoldfoundation?
The Employer Identification Number (EIN) for Oscar T And Olivann Hokoldfoundation is 204298535. 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 Oscar T And Olivann Hokoldfoundation spend its money?
Oscar T And Olivann Hokoldfoundation allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Oscar T And Olivann Hokoldfoundation's tax-exempt status?
You can verify Oscar T And Olivann Hokoldfoundation's tax-exempt status using EIN 204298535 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 Oscar T And Olivann Hokoldfoundation demonstrates strong financial health with substantial assets, most recently reported at $109,993,883 in 2023. The organization consistently expends nearly all of its revenue on its mission, as evidenced by the 2023 period where expenses of $19,887,071 closely matched revenue of $19,697,444. This indicates a commitment to deploying available funds rather than accumulating excessive surpluses. The foundation's NTEE code T20 suggests it is a grantmaking foundation, which typically means its 'program' spending is primarily grants to other organizations.
Spending efficiency appears high, given that officer compensation has been consistently reported as 0% across all available filings, including the latest in 2023. This suggests that administrative costs related to executive salaries are either non-existent or covered by other entities, which is highly unusual for an organization of this size and asset base. This lack of reported officer compensation, while seemingly positive, could also raise questions about the full disclosure of administrative overhead if executive functions are performed by uncompensated individuals or through external arrangements not clearly detailed.
Transparency is generally good through its consistent 990 filings. However, the absence of any reported officer compensation for an organization managing over $100 million in assets and distributing nearly $20 million annually warrants further investigation to understand how leadership and operational management are compensated or structured. This specific detail, or lack thereof, is a key point for potential donors or evaluators seeking a complete picture of the foundation's operational costs.