Quick charity verification for Seidman Family Foundation (EIN: 136098204)
Verdict: Seidman Family Foundation appears trustworthy
85/100Mission Score
$811KRevenue
$3.6MAssets
2Red Flags
3Strengths
Red Flags
Consistent decline in total assets over the past decade (from $5.2M in 2011 to $3.6M in 2023)
Highly volatile annual revenue, making future income projections difficult.
Strengths
Zero officer compensation reported across all filings, indicating high efficiency in executive pay.
Extremely low liabilities ($1 or $0) across all periods, demonstrating strong financial health regarding debt.
Consistent history of grantmaking (implied by expenses for a private foundation).
Spending Breakdown
How Seidman Family Foundation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
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 Seidman Family Foundation
Is Seidman Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Seidman Family Foundation (EIN: 136098204) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
Is Seidman Family Foundation a good charity to donate to?
Seidman Family Foundation has a Mission Score of 85/100. Revenue: $811K. Assets: $3.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Seidman Family Foundation?
The Employer Identification Number (EIN) for Seidman Family Foundation is 136098204. 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 Seidman Family Foundation spend its money?
Seidman Family Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Seidman Family Foundation's tax-exempt status?
You can verify Seidman Family Foundation's tax-exempt status using EIN 136098204 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 Seidman Family Foundation operates as a private foundation, as indicated by its consistent pattern of distributing grants rather than directly operating programs. Its financial health shows a declining trend in assets over the past decade, from $5,234,652 in 2011 to $3,660,604 in 2023, suggesting it is drawing down its endowment. Revenue has been highly volatile, with significant fluctuations year-to-year, such as $2,173,988 in 2011 and $29,813 in 2022. The foundation consistently reports zero officer compensation, which is a positive indicator for minimizing administrative overhead related to executive pay. However, without a detailed breakdown of expenses beyond total expenses, it's challenging to fully assess spending efficiency between program, administrative, and fundraising costs. The very low liabilities ($1 or $0) across all reported periods indicate strong financial stability in terms of debt management.