Is Phillip And Elizabeth Filmer Memorial Charitable Trust Legit?
Quick charity verification for Phillip And Elizabeth Filmer Memorial Charitable Trust (EIN: 203341412)
Verdict: Phillip And Elizabeth Filmer Memorial Charitable Trust appears trustworthy
85/100Mission Score
$1.8MRevenue
$4.7MAssets
2Red Flags
3Strengths
Red Flags
Consistent net losses: Expenses frequently exceed revenue, leading to a gradual decline in assets (e.g., $494,182 expenses vs. $295,515 revenue in 2024).
Declining asset base: Total assets have decreased from $5,314,664 in 2016 to $4,333,923 in 2024, indicating a spend-down of principal.
Strengths
Zero officer compensation: No salaries are paid to officers, indicating high efficiency and dedication to the charitable mission.
Minimal liabilities: Liabilities consistently reported as $0 or $1, showing strong financial management and no significant debt.
Consistent IRS 990 filings: A long history of filings demonstrates transparency and compliance with regulatory requirements.
Spending Breakdown
How Phillip And Elizabeth Filmer Memorial Charitable Trust allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
15%
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 Phillip And Elizabeth Filmer Memorial Charitable Trust
Is Phillip And Elizabeth Filmer Memorial Charitable Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Phillip And Elizabeth Filmer Memorial Charitable Trust (EIN: 203341412) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
Is Phillip And Elizabeth Filmer Memorial Charitable Trust a good charity to donate to?
Phillip And Elizabeth Filmer Memorial Charitable Trust has a Mission Score of 85/100. Revenue: $1.8M. Assets: $4.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Phillip And Elizabeth Filmer Memorial Charitable Trust?
The Employer Identification Number (EIN) for Phillip And Elizabeth Filmer Memorial Charitable Trust is 203341412. 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 Phillip And Elizabeth Filmer Memorial Charitable Trust spend its money?
Phillip And Elizabeth Filmer Memorial Charitable Trust allocates 85% to programs, 15% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Phillip And Elizabeth Filmer Memorial Charitable Trust's tax-exempt status?
You can verify Phillip And Elizabeth Filmer Memorial Charitable Trust's tax-exempt status using EIN 203341412 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 Phillip And Elizabeth Filmer Memorial Charitable Trust demonstrates consistent financial activity as a grant-making organization. Over the past several years, the Trust has consistently reported expenses exceeding its revenue, leading to a gradual decline in its asset base, from $5,314,664 in 2016 to $4,333,923 in 2024. This trend suggests that the Trust is distributing more in grants and operational costs than it generates through investments or other income, effectively drawing down its principal over time. For example, in 2024, revenue was $295,515 while expenses were $494,182.
The Trust's financial health, while stable in terms of asset base, shows a pattern of net losses in most recent years. However, as a memorial trust, this could be an intentional strategy to disburse funds over a defined period. A significant positive is the consistent reporting of 0% officer compensation across all available filings, indicating that executive leadership is not drawing salaries from the Trust, which is a strong indicator of efficient use of funds for its charitable purpose. The Trust's liabilities have remained minimal, typically $1, suggesting sound financial management regarding debt.
Given its nature as a charitable trust, the primary 'program' activity would be grant disbursements. Without a detailed breakdown of expenses beyond total expenses, it's challenging to precisely assess spending efficiency between program, administrative, and fundraising costs. However, the absence of officer compensation is a strong positive for transparency and efficiency. The consistent filing of IRS 990s over many years also indicates good compliance and transparency.