Quick charity verification for Sloan Family Foundation (EIN: 201761661)
Verdict: Sloan Family Foundation appears trustworthy
92/100Mission Score
$2.0MRevenue
$2.4MAssets
1Red Flags
4Strengths
Red Flags
Negative revenue reported in 202303 ($-115,621), which could indicate investment losses or significant returns of contributions.
Strengths
Consistent 0% officer compensation, indicating high efficiency and dedication of resources to mission.
Minimal liabilities ($1 across all periods), demonstrating strong financial health and low debt.
Long-term growth in assets, from $1,318,979 in 201203 to $1,689,566 in 202403, suggesting financial stability.
Extensive filing history (10 filings) provides strong transparency into financial operations.
Spending Breakdown
How Sloan 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 Sloan Family Foundation
Is Sloan Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Sloan Family Foundation (EIN: 201761661) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
Is Sloan Family Foundation a good charity to donate to?
Sloan Family Foundation has a Mission Score of 92/100. Revenue: $2.0M. Assets: $2.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Sloan Family Foundation?
The Employer Identification Number (EIN) for Sloan Family Foundation is 201761661. 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 Sloan Family Foundation spend its money?
Sloan Family Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Sloan Family Foundation's tax-exempt status?
You can verify Sloan Family Foundation's tax-exempt status using EIN 201761661 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 Sloan Family Foundation demonstrates a consistent commitment to its mission, as evidenced by its historical spending patterns. While the organization's revenue has fluctuated, including a negative revenue period in 202303, its asset base has shown growth over the long term, increasing from $1,318,979 in 201203 to $1,689,566 in 202403. The foundation's financial health appears stable, with minimal liabilities reported across all periods, consistently at $1. This indicates a strong balance sheet and prudent financial management regarding debt.
Spending efficiency is a key strength, with no officer compensation reported in any of the provided filings. This suggests that resources are primarily directed towards programmatic activities and operational costs rather than executive salaries. The foundation's transparency is high, given the availability of 10 years of IRS 990 filings, which consistently show detailed financial information. The lack of officer compensation also contributes to a perception of efficiency and dedication to the charitable purpose.
Overall, the Sloan Family Foundation appears to be a well-managed and transparent organization. Its consistent low liabilities, absence of officer compensation, and long-term asset growth, despite revenue volatility, paint a picture of a financially sound entity focused on its mission. The foundation's ability to maintain and grow its assets while incurring expenses, even during periods of lower or negative revenue, suggests a robust endowment or investment strategy supporting its operations.