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.
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.