Is Rita J And Stanley H Kaplan Foundation Inc Legit?
Quick charity verification for Rita J And Stanley H Kaplan Foundation Inc (EIN: 133221298)
Verdict: Rita J And Stanley H Kaplan Foundation Inc appears trustworthy
90/100Mission Score
$7.8MRevenue
$18.8MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent asset base of $17-19 million, indicating strong financial stability.
Zero reported officer compensation, suggesting high efficiency and low administrative overhead.
Minimal liabilities ($0 or $1) across all filings, demonstrating a healthy balance sheet.
Consistent IRS 990 filing history, indicating good transparency and regulatory compliance.
Ability to make significant distributions even in years where revenue is lower, leveraging its endowment effectively.
Spending Breakdown
How Rita J And Stanley H Kaplan Foundation Inc 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 Rita J And Stanley H Kaplan Foundation Inc
Is Rita J And Stanley H Kaplan Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Rita J And Stanley H Kaplan Foundation Inc (EIN: 133221298) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is Rita J And Stanley H Kaplan Foundation Inc a good charity to donate to?
Rita J And Stanley H Kaplan Foundation Inc has a Mission Score of 90/100. Revenue: $7.8M. Assets: $18.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Rita J And Stanley H Kaplan Foundation Inc?
The Employer Identification Number (EIN) for Rita J And Stanley H Kaplan Foundation Inc is 133221298. 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 Rita J And Stanley H Kaplan Foundation Inc spend its money?
Rita J And Stanley H Kaplan Foundation Inc allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Rita J And Stanley H Kaplan Foundation Inc's tax-exempt status?
You can verify Rita J And Stanley H Kaplan Foundation Inc's tax-exempt status using EIN 133221298 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 Rita J And Stanley H Kaplan Foundation Inc operates as a private foundation, which is evident from its consistent asset base and fluctuating revenue and expenses, typical of organizations primarily distributing grants rather than directly delivering programs. Over the past decade, the foundation has maintained a robust asset base, generally hovering around $17-19 million, indicating long-term financial stability. Its revenue streams vary significantly year-to-year, from a low of $443,730 in 2019 to a high of $3,557,767 in 2022, reflecting investment performance or specific contributions. Expenses also fluctuate, but the foundation consistently disburses funds, with expenses often exceeding revenue in several years (e.g., 2023, 2021, 2019), drawing from its endowment to fulfill its mission. The consistent reporting of $0 officer compensation across all available filings suggests a volunteer board or that compensation is handled through a separate management entity, which is a positive indicator for donor confidence regarding administrative overhead.
Given its structure as a grant-making foundation, the primary 'program' activity is the distribution of grants. The absence of officer compensation directly reported on the 990s is a strong positive for transparency and efficiency. The foundation's liabilities are consistently reported as minimal ($0 or $1), indicating a very healthy balance sheet with virtually no debt. This financial prudence, combined with a stable asset base, positions the foundation well to continue its philanthropic activities. The consistent filing of IRS Form 990s over a decade demonstrates a commitment to regulatory compliance and public disclosure, further enhancing its transparency profile.
Overall, the foundation appears financially sound and well-managed for its type. Its ability to maintain a substantial endowment while consistently making distributions, even in years where expenses exceed revenue, highlights its strategic use of assets. The lack of reported officer compensation is a significant factor in assessing its operational efficiency, suggesting that a very high percentage of its functional expenses would likely be directed towards its grant-making activities.