Quick charity verification for Simons Family Foundation Inc (EIN: 20606787)
Verdict: Simons Family Foundation Inc appears trustworthy
85/100Mission Score
$51KRevenue
$248KAssets
2Red Flags
4Strengths
Red Flags
NTEE Code is unknown, limiting understanding of mission focus
Lack of detailed expense breakdown beyond total expenses in provided data
Strengths
Consistent 0% officer compensation, indicating volunteer leadership and high efficiency
Stable asset base over a decade, growing from $172,275 in 2011 to $248,116 currently
Extremely low liabilities, consistently $0 or $1, demonstrating strong financial health
Positive net assets, indicating financial stability and capacity for future activities
Spending Breakdown
How Simons Family Foundation Inc 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 Simons Family Foundation Inc
Is Simons Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Simons Family Foundation Inc (EIN: 20606787) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Simons Family Foundation Inc a good charity to donate to?
Simons Family Foundation Inc has a Mission Score of 85/100. Revenue: $51K. Assets: $248K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Simons Family Foundation Inc?
The Employer Identification Number (EIN) for Simons Family Foundation Inc is 20606787. 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 Simons Family Foundation Inc spend its money?
Simons Family Foundation Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Simons Family Foundation Inc's tax-exempt status?
You can verify Simons Family Foundation Inc's tax-exempt status using EIN 20606787 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 Simons Family Foundation Inc. appears to be a small private foundation with relatively stable assets over the past decade, currently at $248,116. Its revenue and expenses fluctuate significantly year-to-year, which is common for smaller foundations that may receive irregular donations or make periodic grants. For instance, in 2022, expenses ($27,285) significantly outpaced revenue ($17,391), while in 2023, revenue ($11,917) was nearly three times expenses ($4,193). This variability suggests a grant-making model rather than a service-delivery model.
The organization demonstrates good financial health in terms of asset stability and very low liabilities, consistently reported as $1 or $0. The absence of officer compensation across all reported filings indicates that the foundation is likely run by volunteers, which contributes to high spending efficiency by minimizing administrative overhead. 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 foundation's transparency is good in terms of public filings, but the lack of detailed expense categorization in the provided data limits a deeper analysis of how funds are allocated.