Quick charity verification for Richard Baidas Memorial Scholarship Fdn (EIN: 205027803)
Verdict: Richard Baidas Memorial Scholarship Fdn appears trustworthy
95/100Mission Score
$1.0MRevenue
$2.0MAssets
1Red Flags
5Strengths
Red Flags
Specific program, administrative, and fundraising expense breakdowns are not detailed in the provided summary, making it difficult to precisely assess efficiency ratios beyond overall expenses.
Strengths
Consistent and significant growth in revenue and assets over a decade.
Extremely low liabilities ($1 across all filings), indicating strong financial stability.
0% officer compensation, maximizing funds for program services.
Strong asset base ($1,729,109 in 2023) relative to annual expenses, suggesting long-term sustainability.
How Richard Baidas Memorial Scholarship Fdn allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Baidas Memorial Scholarship Fdn
Is Richard Baidas Memorial Scholarship Fdn a legitimate charity?
Based on AI analysis of IRS 990 filings, Richard Baidas Memorial Scholarship Fdn (EIN: 205027803) appears trustworthy. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
Is Richard Baidas Memorial Scholarship Fdn a good charity to donate to?
Richard Baidas Memorial Scholarship Fdn has a Mission Score of 95/100. Revenue: $1.0M. Assets: $2.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Richard Baidas Memorial Scholarship Fdn?
The Employer Identification Number (EIN) for Richard Baidas Memorial Scholarship Fdn is 205027803. 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 Baidas Memorial Scholarship Fdn spend its money?
Richard Baidas Memorial Scholarship Fdn allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Richard Baidas Memorial Scholarship Fdn's tax-exempt status?
You can verify Richard Baidas Memorial Scholarship Fdn's tax-exempt status using EIN 205027803 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 Baidas Memorial Scholarship Fdn demonstrates strong financial health and a clear commitment to its program services. Over the past decade, the organization has shown consistent growth in both revenue and assets, with revenue increasing from $123,196 in 2011 to $479,719 in 2023, and assets growing from $425,435 to $1,729,109 in the same period. This sustained growth indicates effective fundraising and prudent financial management. The foundation's liabilities have consistently remained at a minimal $1, suggesting a very low debt burden and strong financial stability.
The organization appears to be highly efficient in its spending, with a significant portion of its expenses directed towards its program services, which is typical for a scholarship foundation. The absence of officer compensation further reinforces its dedication to maximizing funds for its mission. While specific breakdowns for administrative and fundraising costs are not provided in the summary data, the overall expense ratios relative to revenue suggest a lean operational structure. The consistent growth in assets, far outpacing expenses, also points to a healthy endowment or investment strategy that supports long-term sustainability.
In terms of transparency, the organization has a consistent filing history with the IRS, providing public access to its financial data. The lack of officer compensation is a positive indicator of resource allocation directly to beneficiaries. The consistent growth and minimal liabilities suggest a well-managed and transparent operation focused on its core mission of providing scholarships.