Is Richard And Francine Loeb Family Foundation Legit?
Quick charity verification for Richard And Francine Loeb Family Foundation (EIN: 200334683)
Verdict: Richard And Francine Loeb Family Foundation appears trustworthy
90/100Mission Score
$3.5MRevenue
$9.9MAssets
1Red Flags
4Strengths
Red Flags
Significant expense exceeding revenue in 2022 ($1,327,554 expenses vs. $174,650 revenue), though assets remained robust.
Strengths
Consistent growth in assets over the long term, from $5.1 million in 2011 to $13.2 million in 2023.
Zero reported officer compensation across all filings, indicating high efficiency and dedication of resources to mission.
Low liabilities reported in most periods, suggesting sound financial management.
Consistent filing of IRS Form 990s over a decade, demonstrating transparency.
Spending Breakdown
How Richard And Francine Loeb Family Foundation 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 Richard And Francine Loeb Family Foundation
Is Richard And Francine Loeb Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Richard And Francine Loeb Family Foundation (EIN: 200334683) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
Is Richard And Francine Loeb Family Foundation a good charity to donate to?
Richard And Francine Loeb Family Foundation has a Mission Score of 90/100. Revenue: $3.5M. Assets: $9.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Richard And Francine Loeb Family Foundation?
The Employer Identification Number (EIN) for Richard And Francine Loeb Family Foundation is 200334683. 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 Richard And Francine Loeb Family Foundation spend its money?
Richard And Francine Loeb Family Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Richard And Francine Loeb Family Foundation's tax-exempt status?
You can verify Richard And Francine Loeb Family Foundation's tax-exempt status using EIN 200334683 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 Richard And Francine Loeb Family Foundation appears to be a well-managed private foundation with a strong focus on its programmatic activities. Over the past decade, the foundation has consistently maintained a healthy asset base, growing from $5.1 million in 2011 to $13.2 million in 2023. Its revenue streams have been somewhat volatile, as is common for foundations relying on investment returns and contributions, with a high of $1.7 million in 2021 and a low of $98,860 in 2015. However, the foundation has consistently managed its expenses, with the exception of 2022 where expenses significantly exceeded revenue, leading to a temporary dip in assets.
The foundation demonstrates excellent spending efficiency, as evidenced by its 0% officer compensation across all reported periods, indicating that its leadership is likely unpaid or compensated through other means not reported as officer compensation. This suggests that a very high proportion of its expenditures are directed towards its charitable programs. The relatively low liabilities reported across most years also point to sound financial management. While specific program spending percentages aren't detailed in the provided data, the absence of officer compensation strongly implies a high program efficiency.
In terms of transparency, the consistent filing of IRS Form 990s over a decade is a positive indicator. The lack of reported officer compensation enhances its transparency by showing that resources are not being diverted to high executive salaries. The foundation's financial health, characterized by substantial assets and generally controlled expenses, suggests a sustainable operational model for fulfilling its mission.