Is Steven E Bernstein Family Foundation Inc Legit?
Quick charity verification for Steven E Bernstein Family Foundation Inc (EIN: 205120272)
Verdict: Steven E Bernstein Family Foundation Inc appears trustworthy
85/100Mission Score
$5.3MRevenue
$3.1MAssets
2Red Flags
3Strengths
Red Flags
Highly inconsistent revenue and expense patterns over the years, making financial predictability challenging.
Significant expense spikes in certain years (e.g., $1,245,198 in 202206) without corresponding revenue increases, suggesting reliance on accumulated assets or other funding sources not immediately apparent.
Strengths
Consistent 0% officer compensation, indicating that all funds are directed towards the organization's mission or operational costs.
Generally low reported liabilities in most periods, suggesting sound financial management.
How Steven E Bernstein Family Foundation Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
5%
Admin Costs
Reasonable — admin costs in check
5%
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 Steven E Bernstein Family Foundation Inc
Is Steven E Bernstein Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Steven E Bernstein Family Foundation Inc (EIN: 205120272) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
Is Steven E Bernstein Family Foundation Inc a good charity to donate to?
Steven E Bernstein Family Foundation Inc has a Mission Score of 85/100. Revenue: $5.3M. Assets: $3.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Steven E Bernstein Family Foundation Inc?
The Employer Identification Number (EIN) for Steven E Bernstein Family Foundation Inc is 205120272. 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 Steven E Bernstein Family Foundation Inc spend its money?
Steven E Bernstein Family Foundation Inc allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Steven E Bernstein Family Foundation Inc's tax-exempt status?
You can verify Steven E Bernstein Family Foundation Inc's tax-exempt status using EIN 205120272 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 Steven E Bernstein Family Foundation Inc. exhibits fluctuating financial activity over the past decade, with significant variations in both revenue and expenses. For instance, in 202406, the organization reported revenue of $774,627 against expenses of $338,059, indicating a surplus. However, previous years like 202206 saw expenses of $1,245,198 far exceeding revenue of $127,172, suggesting reliance on prior assets or contributions. The foundation consistently reports 0% officer compensation across all available filings, which is a positive indicator of efficient use of funds for its stated mission rather than executive salaries. The organization's assets have also varied, peaking at $2,351,080 in 202106 and currently standing at $1,456,670 in 202406, demonstrating a capacity to hold and manage funds, though the purpose of these assets and their deployment for programs would require deeper analysis of the full 990 forms. The lack of reported liabilities in many periods, often listed as $1, suggests a generally healthy balance sheet, though the 202306 period showed liabilities of $689,225, which warrants further investigation into its nature.