Is St Bernard Economic Development Foundation Legit?
Quick charity verification for St Bernard Economic Development Foundation (EIN: 113712951)
Verdict: St Bernard Economic Development Foundation appears trustworthy
90/100Mission Score
$343KRevenue
$816KAssets
1Red Flags
5Strengths
Red Flags
Zero officer compensation reported, which is unusual for an organization of this size and may warrant further inquiry into how leadership is compensated or sustained.
Strengths
Consistent revenue growth, increasing from $155,541 in 2013 to $398,984 in 2022.
Strong asset accumulation, growing from $365,844 in 2013 to $830,577 in 2022.
Minimal to zero liabilities across all filing periods, indicating excellent financial stability.
Expenses consistently lower than revenue, allowing for asset growth and financial reserves.
Zero reported officer compensation, suggesting a high dedication of funds to programmatic activities.
Spending Breakdown
How St Bernard Economic Development 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 St Bernard Economic Development Foundation
Is St Bernard Economic Development Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, St Bernard Economic Development Foundation (EIN: 113712951) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
Is St Bernard Economic Development Foundation a good charity to donate to?
St Bernard Economic Development Foundation has a Mission Score of 90/100. Revenue: $343K. Assets: $816K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for St Bernard Economic Development Foundation?
The Employer Identification Number (EIN) for St Bernard Economic Development Foundation is 113712951. 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 St Bernard Economic Development Foundation spend its money?
St Bernard Economic Development Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify St Bernard Economic Development Foundation's tax-exempt status?
You can verify St Bernard Economic Development Foundation's tax-exempt status using EIN 113712951 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 St Bernard Economic Development Foundation demonstrates a consistent pattern of financial growth and strong asset accumulation over the past decade. Revenue has steadily increased from $155,541 in 2013 to $398,984 in 2022, indicating robust fundraising or grant acquisition. The organization has maintained a healthy financial position, with assets growing significantly from $365,844 in 2013 to $830,577 in 2022, while liabilities have remained negligible or zero in most periods, suggesting excellent financial management and minimal debt. Their spending efficiency appears strong, as expenses have generally been well below revenue, allowing for asset growth. The consistent reporting of 0% officer compensation across all filings indicates a commitment to directing funds towards the mission rather than executive salaries, enhancing transparency and public trust.