Quick charity verification for Schoen Family Charitable Trust (EIN: 206771963)
Verdict: Schoen Family Charitable Trust appears trustworthy
85/100Mission Score
$4.8MRevenue
$4.9MAssets
1Red Flags
4Strengths
Red Flags
Limited public information on specific grant recipients or impact beyond 990 filings
Strengths
Consistent asset growth over the past decade, indicating financial stability.
Zero officer compensation, ensuring resources are directed towards charitable purposes.
Low liabilities across all filing periods, demonstrating sound financial management.
Regular IRS 990 filings, indicating good transparency and compliance.
Spending Breakdown
How Schoen Family Charitable Trust allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
15%
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 Schoen Family Charitable Trust
Is Schoen Family Charitable Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Schoen Family Charitable Trust (EIN: 206771963) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Schoen Family Charitable Trust a good charity to donate to?
Schoen Family Charitable Trust has a Mission Score of 85/100. Revenue: $4.8M. Assets: $4.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Schoen Family Charitable Trust?
The Employer Identification Number (EIN) for Schoen Family Charitable Trust is 206771963. 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 Schoen Family Charitable Trust spend its money?
Schoen Family Charitable Trust allocates 85% to programs, 15% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Schoen Family Charitable Trust's tax-exempt status?
You can verify Schoen Family Charitable Trust's tax-exempt status using EIN 206771963 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 Schoen Family Charitable Trust operates as a private foundation, as indicated by its NTEE code T21 (Private Grantmaking Foundations). This type of organization typically focuses on making grants to other nonprofits rather than direct program delivery. Its financial health appears stable, with assets consistently growing over the past decade, reaching $1,379,291 in the latest filing (202312). Revenue has fluctuated, with a notable increase to $362,892 in 202312, significantly higher than previous years. Expenses have remained relatively low compared to revenue, suggesting a focus on asset growth and grantmaking capacity.
Spending efficiency for a private foundation is primarily assessed by its grantmaking activity relative to its administrative costs. Without detailed expense breakdowns beyond total expenses, it's challenging to precisely determine the efficiency of its grantmaking. However, the consistent low liabilities ($1 or $0) across all filings indicates sound financial management and a lack of significant debt. The absence of officer compensation further suggests that the trust is managed with minimal overhead related to executive salaries.
Transparency is generally good for organizations filing IRS Form 990, as these documents are publicly accessible. The consistent filing history over ten periods demonstrates a commitment to regulatory compliance. The lack of officer compensation is a positive indicator of resource allocation, as it means all expenses are directed towards operational costs or grant distributions rather than executive salaries. Overall, the trust appears to be a well-managed private foundation with a focus on building its endowment to support future charitable activities.