Is Snap On Incorporated Amended And Restated Benefit Tr Fo Col Bar Emp Legit?
Quick charity verification for Snap On Incorporated Amended And Restated Benefit Tr Fo Col Bar Emp (EIN: 116629080)
Verdict: Snap On Incorporated Amended And Restated Benefit Tr Fo Col Bar Emp shows mixed signals
65/100Mission Score
$1.5MRevenue
$11.6MAssets
2Red Flags
3Strengths
Red Flags
Consistent deficit spending, with expenses significantly exceeding revenue in most periods (e.g., 2023 expenses were more than double revenue).
Declining asset base over the past decade, from $14.7 million in 2014 to $11.3 million in 2023, indicating asset drawdowns.
Strengths
Zero reported officer compensation across all filings, indicating strong financial transparency regarding executive pay.
Consistently reports zero liabilities, suggesting a stable financial position without outstanding debts.
Clear focus as a benefit trust (NTEE Y43), implying a specific, defined purpose for its expenditures.
Spending Breakdown
How Snap On Incorporated Amended And Restated Benefit Tr Fo Col Bar Emp 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 Snap On Incorporated Amended And Restated Benefit Tr Fo Col Bar Emp
Is Snap On Incorporated Amended And Restated Benefit Tr Fo Col Bar Emp a legitimate charity?
Based on AI analysis of IRS 990 filings, Snap On Incorporated Amended And Restated Benefit Tr Fo Col Bar Emp (EIN: 116629080) shows mixed signals. Mission Score: 65/100. 2 red flags identified, 3 strengths noted.
Is Snap On Incorporated Amended And Restated Benefit Tr Fo Col Bar Emp a good charity to donate to?
Snap On Incorporated Amended And Restated Benefit Tr Fo Col Bar Emp has a Mission Score of 65/100. Revenue: $1.5M. Assets: $11.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Snap On Incorporated Amended And Restated Benefit Tr Fo Col Bar Emp?
The Employer Identification Number (EIN) for Snap On Incorporated Amended And Restated Benefit Tr Fo Col Bar Emp is 116629080. 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 Snap On Incorporated Amended And Restated Benefit Tr Fo Col Bar Emp spend its money?
Snap On Incorporated Amended And Restated Benefit Tr Fo Col Bar Emp allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Snap On Incorporated Amended And Restated Benefit Tr Fo Col Bar Emp's tax-exempt status?
You can verify Snap On Incorporated Amended And Restated Benefit Tr Fo Col Bar Emp's tax-exempt status using EIN 116629080 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
Snap On Incorporated Amended And Restated Benefit Tr Fo Col Bar Emp appears to be a benefit trust, which typically operates differently from public charities in terms of program spending and fundraising. The organization consistently reports zero liabilities and zero officer compensation across all available filings, indicating a stable financial structure and potentially volunteer-led or externally managed administration. However, a consistent trend of expenses significantly exceeding revenue is observed, particularly in recent years (e.g., 2023 revenue of $492,197 against expenses of $1,111,463). This suggests the trust is drawing down on its assets to cover its operational costs or benefit distributions, as its assets have decreased from a high of $14,772,662 in 2014 to $11,310,426 in 2023. Given its nature as a benefit trust, the typical metrics for 'program spending' and 'fundraising efficiency' for public charities may not directly apply, as its primary function is to manage and distribute benefits to employees, rather than engage in public programs or solicit donations. The lack of officer compensation enhances transparency regarding executive pay, but the consistent deficit spending warrants attention regarding the long-term sustainability of its asset base.