Is Schmidt Family Foundation Legit? —…

Spending Breakdown

How Schmidt Family Foundation allocates its funds across programs, administration, and fundraising.

70%

Program Spending

Below average — room for improvement

20%

Admin Costs

Reasonable — admin costs in check

10%

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 Schmidt Family Foundation

Is Schmidt Family Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, Schmidt Family Foundation (EIN: 136808881) shows mixed signals. Mission Score: 45/100. 3 red flags identified, 2 strengths noted.

Is Schmidt Family Foundation a good charity to donate to?

Schmidt Family Foundation has a Mission Score of 45/100. Revenue: $5.4M. Assets: $9.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Schmidt Family Foundation?

The Employer Identification Number (EIN) for Schmidt Family Foundation is 136808881. 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 Schmidt Family Foundation spend its money?

Schmidt Family Foundation allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Schmidt Family Foundation's tax-exempt status?

You can verify Schmidt Family Foundation's tax-exempt status using EIN 136808881 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 Schmidt Family Foundation exhibits a concerning trend of declining assets and consistent operating deficits over the past decade. From a high of $47,176,563 in assets in 2011, the organization's assets have fallen to $8,803,930 by 2023. This significant reduction, coupled with expenses frequently exceeding revenue (e.g., $1,162,073 in expenses vs. $686,240 in revenue in 2023, and $4,551,869 in expenses vs. $497,800 in revenue in 2022), suggests an unsustainable financial model. While the organization reports 0% officer compensation across all filings, which is a positive for donor confidence in executive pay, the overall financial health is weak due to the substantial asset depletion.

The consistent liabilities of $1 in recent years (2020-2023) are unusual and could indicate a reporting anomaly or a very specific, minimal liability structure. Without a detailed breakdown of program, administrative, and fundraising expenses, it's difficult to fully assess spending efficiency. However, the large and consistent deficits raise questions about the long-term viability and impact of its programs. The lack of reported officer compensation is a strong point for transparency regarding executive pay, but the broader financial picture warrants closer scrutiny.

Is Schmidt Family Foundation Legit?

Verdict: Schmidt Family Foundation shows mixed signals

Red Flags

Strengths