Is Sgt James S Noves Memorial Ski Race Fund Legit?
Quick charity verification for Sgt James S Noves Memorial Ski Race Fund (EIN: 20487457)
Verdict: Sgt James S Noves Memorial Ski Race Fund shows mixed signals
65/100Mission Score
$1Revenue
$271KAssets
2Red Flags
3Strengths
Red Flags
Consistent reporting of $1 in revenue despite thousands in expenses, raising questions about financial transparency and reporting accuracy.
Significant negative net income in most years (e.g., $1 revenue vs. $6,900 expenses in 2024) indicates reliance on asset depletion or unrecorded income to cover costs.
Strengths
Zero officer compensation across all filings demonstrates a volunteer-driven model and high efficiency in leadership costs.
Consistent growth in assets, from $98,140 in 2012 to $271,177 currently, indicates long-term financial stability and effective asset management.
Minimal liabilities ($1 consistently) suggests a very low debt burden and strong financial health in terms of obligations.
Spending Breakdown
How Sgt James S Noves Memorial Ski Race Fund 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 Sgt James S Noves Memorial Ski Race Fund
Is Sgt James S Noves Memorial Ski Race Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Sgt James S Noves Memorial Ski Race Fund (EIN: 20487457) shows mixed signals. Mission Score: 65/100. 2 red flags identified, 3 strengths noted.
Is Sgt James S Noves Memorial Ski Race Fund a good charity to donate to?
Sgt James S Noves Memorial Ski Race Fund has a Mission Score of 65/100. Revenue: $1. Assets: $271K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Sgt James S Noves Memorial Ski Race Fund?
The Employer Identification Number (EIN) for Sgt James S Noves Memorial Ski Race Fund is 20487457. 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 Sgt James S Noves Memorial Ski Race Fund spend its money?
Sgt James S Noves Memorial Ski Race Fund allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Sgt James S Noves Memorial Ski Race Fund's tax-exempt status?
You can verify Sgt James S Noves Memorial Ski Race Fund's tax-exempt status using EIN 20487457 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 Sgt James S Noves Memorial Ski Race Fund appears to be a very small, volunteer-run organization with minimal financial activity beyond maintaining its asset base. Its reported revenue has been consistently $1 for most of its filing history, with a few exceptions, while expenses have ranged from approximately $1,477 to $6,900. This significant disparity between reported revenue and expenses, especially in recent years where expenses far exceed revenue, suggests that the organization is primarily drawing from its accumulated assets to cover its operational costs. The consistent reporting of $1 in liabilities across all filings indicates a stable and minimal debt profile. The organization's assets have shown consistent growth over time, from $98,140 in 2012 to $271,177 currently, which is a positive indicator of financial stability, despite the low reported revenue. The lack of officer compensation further supports the notion of a volunteer-driven model, which can be a sign of efficiency in some contexts.
However, the extremely low reported revenue of $1 in most years, while expenses are in the thousands, raises questions about the completeness of its financial reporting or the nature of its funding sources. If the organization is primarily funded through non-cash contributions or direct payments for program activities that are not fully reflected as revenue, this could explain the discrepancy. Without more detailed information on the nature of its 'Ski Race Fund' activities and how it generates support, it's challenging to fully assess its financial health. The consistent asset growth, despite negative net income in most years, implies either significant unrealized gains on investments or unrecorded contributions that are directly added to assets.
In terms of spending efficiency, with zero officer compensation and minimal liabilities, the organization appears to keep administrative overhead low. However, the lack of detailed expense breakdowns in the provided data makes it impossible to determine the exact allocation between program, administrative, and fundraising costs. The primary financial activity seems to be the disbursement of funds for its stated purpose, likely ski race-related, which is reflected in its expenses. Transparency could be improved by providing more detailed financial statements that clarify the source of its funding and the specific allocation of its expenses, especially given the recurring $1 revenue figure.