Substantial asset base ($31.5 million in 2023) provides long-term stability.
Consistent operation over many years with a clear financial model.
Spending Breakdown
How Solon E Summerfield 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 Solon E Summerfield Foundation Inc
Is Solon E Summerfield Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Solon E Summerfield Foundation Inc (EIN: 131797260) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Solon E Summerfield Foundation Inc a good charity to donate to?
Solon E Summerfield Foundation Inc has a Mission Score of 85/100. Revenue: $20.2M. Assets: $33.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Solon E Summerfield Foundation Inc?
The Employer Identification Number (EIN) for Solon E Summerfield Foundation Inc is 131797260. 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 Solon E Summerfield Foundation Inc spend its money?
Solon E Summerfield Foundation Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Solon E Summerfield Foundation Inc's tax-exempt status?
You can verify Solon E Summerfield Foundation Inc's tax-exempt status using EIN 131797260 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 Solon E Summerfield Foundation Inc. demonstrates a consistent pattern of spending exceeding its revenue in most recent years, as evidenced by expenses of $9,615,437 against revenue of $5,228,175 in 2023 and $7,529,728 against $672,398 in 2022. This indicates the organization is likely drawing from its substantial asset base, which stood at $31,545,609 in 2023. The foundation's assets have seen a gradual decline from $37,727,000 in 2011 to $31,545,609 in 2023, suggesting a sustained operational model that relies on endowment drawdowns rather than solely on annual contributions.
Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess. However, the consistent reporting of 0% officer compensation across all available filings is a significant positive indicator for transparency and efficient use of funds, suggesting that executive leadership is either unpaid or compensated through other means not classified as officer compensation on the 990. The extremely low liabilities ($1 in recent years) also points to sound financial management and minimal debt burden. The foundation's primary function appears to be grant-making, and its financial health is sustained by its substantial endowment, despite annual operating deficits.