Is R & D Schmidt Foundation Legit? —…

Spending Breakdown

How R & D Schmidt Foundation allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

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 R & D Schmidt Foundation

Is R & D Schmidt Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, R & D Schmidt Foundation (EIN: 202071449) shows mixed signals. Mission Score: 60/100. 3 red flags identified, 3 strengths noted.

Is R & D Schmidt Foundation a good charity to donate to?

R & D Schmidt Foundation has a Mission Score of 60/100. Revenue: $2K. Assets: $13K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for R & D Schmidt Foundation?

The Employer Identification Number (EIN) for R & D Schmidt Foundation is 202071449. 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 R & D Schmidt Foundation spend its money?

R & D Schmidt Foundation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify R & D Schmidt Foundation's tax-exempt status?

You can verify R & D Schmidt Foundation's tax-exempt status using EIN 202071449 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 R & D Schmidt Foundation appears to be a very small private foundation, as indicated by its consistently low annual revenues, which have ranged from $0 to $3,530 over the past decade. Its assets have steadily declined from $27,260 in 2011 to $12,634 currently, while liabilities have remained minimal, typically $0 or $1. The organization consistently reports 0% officer compensation, which is a positive indicator for donor trust regarding executive pay. However, the foundation has consistently spent more than it has brought in through revenue, with expenses frequently exceeding revenue by a significant margin, such as in 2023 where revenue was $1,000 and expenses were $2,860. This trend suggests it is drawing down its asset base to cover operational or grant-making activities.

Given the limited financial data provided (only revenue, expenses, assets, liabilities, and officer compensation), a detailed assessment of spending efficiency (e.g., program vs. administrative costs) is not possible. The NTEE code T22 suggests it is a private grantmaking foundation, meaning its primary 'program' activity would be making grants. Without a breakdown of expenses, it's difficult to ascertain how efficiently funds are being deployed towards its stated mission. The consistent deficit spending, while not necessarily a red flag for a private foundation drawing down its corpus, does highlight a reliance on existing assets rather than ongoing fundraising or revenue generation.

Transparency is moderately good in terms of publicly available IRS 990 filings, but the lack of detailed expense categories within the provided summary limits a deeper analysis of how funds are allocated. The consistent reporting of zero officer compensation is a strong point for transparency regarding executive pay. However, the overall financial health shows a declining asset base due to consistent spending exceeding revenue, which is a long-term sustainability concern if the foundation intends to operate indefinitely.

Is R & D Schmidt Foundation Legit?

Verdict: R & D Schmidt Foundation shows mixed signals

Red Flags

Strengths