Is Schmidt Family Star Foundation Legit? —…

Quick charity verification for Schmidt Family Star Foundation (EIN: 208553555)

Spending Breakdown

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

75%

Program Spending

Healthy — majority goes to mission

15%

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 Star Foundation

Is Schmidt Family Star Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, Schmidt Family Star Foundation (EIN: 208553555) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.

Is Schmidt Family Star Foundation a good charity to donate to?

Schmidt Family Star Foundation has a Mission Score of 90/100. Revenue: $116K. Assets: $298K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Schmidt Family Star Foundation?

The Employer Identification Number (EIN) for Schmidt Family Star Foundation is 208553555. 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 Star Foundation spend its money?

Schmidt Family Star Foundation allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

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

You can verify Schmidt Family Star Foundation's tax-exempt status using EIN 208553555 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 Star Foundation demonstrates a generally stable financial position with fluctuating revenue streams over the past decade. In the most recent filing (202312), the organization reported revenue of $162,000 against expenses of $121,635, indicating a surplus. Assets have shown growth, reaching $339,201 in 2023, up from $297,926 in the previous period, while liabilities consistently remain minimal at $1, suggesting strong financial solvency. The foundation's consistent reporting of 0% officer compensation across all filings is a significant indicator of its commitment to directing funds towards its mission rather than executive salaries, enhancing its transparency and public trust.

Spending efficiency appears reasonable, with expenses generally aligning with or slightly below revenue in most active years. For instance, in 2023, 75% of its expenses were allocated to program services, which is a healthy ratio for a nonprofit. The organization's financial health is bolstered by its low liabilities and growing asset base, providing a cushion for future operations. The absence of officer compensation further reinforces its dedication to programmatic spending and efficient use of donor funds.

Overall, the Schmidt Family Star Foundation exhibits good financial health and transparency. Its consistent low liabilities, growing assets, and zero executive compensation contribute to a positive assessment. While revenue has varied significantly year-to-year (e.g., $592,000 in 2019 vs. $1 in 2021), the organization has managed its expenses effectively to maintain a strong balance sheet.

Is Schmidt Family Star Foundation Legit?

Verdict: Schmidt Family Star Foundation appears trustworthy

Red Flags

Strengths