Quick charity verification for Speckman Family Foundation (EIN: 205591972)
Verdict: Speckman Family Foundation appears trustworthy
92/100Mission Score
$1.2MRevenue
$5.1MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent 0% officer compensation across all filings, indicating strong financial stewardship.
Significant and consistent growth in assets, from under $1 million to over $5 million in 12 years.
Very low liabilities relative to assets, demonstrating strong financial stability.
Expenses consistently low relative to revenue, suggesting efficient operations.
Strong program focus inherent in a private foundation model with minimal overhead.
Spending Breakdown
How Speckman Family Foundation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
8%
Admin Costs
Reasonable — admin costs in check
2%
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 Speckman Family Foundation
Is Speckman Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Speckman Family Foundation (EIN: 205591972) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Speckman Family Foundation a good charity to donate to?
Speckman Family Foundation has a Mission Score of 92/100. Revenue: $1.2M. Assets: $5.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Speckman Family Foundation?
The Employer Identification Number (EIN) for Speckman Family Foundation is 205591972. 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 Speckman Family Foundation spend its money?
Speckman Family Foundation allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Speckman Family Foundation's tax-exempt status?
You can verify Speckman Family Foundation's tax-exempt status using EIN 205591972 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 Speckman Family Foundation demonstrates consistent financial health and growth in assets over the past decade, increasing from $999,490 in 2011 to over $5 million in 2023. Revenue has fluctuated significantly year-to-year, with a high of $1,404,407 in 2014 and a low of $90,052 in 2013, indicating reliance on variable funding sources. However, expenses have remained relatively low and stable compared to revenue and assets, suggesting efficient operations for a private foundation primarily focused on grantmaking.
The organization's spending efficiency appears strong, as evidenced by the low expense ratios relative to revenue and assets. For instance, in 2023, expenses were $265,597 against $503,273 in revenue. The consistent reporting of 0% officer compensation across all available filings is a significant positive indicator of financial stewardship and a commitment to directing resources towards its mission rather than executive salaries. This practice enhances transparency and trust.
Given its nature as a private foundation (NTEE Code B82), its primary function is likely grantmaking, which inherently has lower administrative and fundraising costs compared to direct service charities. The absence of officer compensation and the steady growth of its asset base, which supports its grantmaking capacity, are strong indicators of a well-managed and transparent philanthropic entity.