Is Suffolk Community College Foundation Inc Legit?
Quick charity verification for Suffolk Community College Foundation Inc (EIN: 112983422)
Verdict: Suffolk Community College Foundation Inc appears trustworthy
90/100Mission Score
$19.7MRevenue
$34.4MAssets
2Red Flags
5Strengths
Red Flags
Unusually low liabilities relative to assets in some periods (e.g., $7,564 liabilities vs $19,671,287 assets in 201708), which could indicate minimal operational debt or specific financial structures.
Consistent 0% officer compensation, which, while positive for efficiency, is atypical for an organization managing nearly $30 million in assets and could warrant further inquiry into how leadership is compensated or structured.
Strengths
Consistent asset growth, demonstrating strong financial management and sustainability (e.g., from $16.9M in 2014 to $29.6M in 2023).
Revenue consistently exceeds expenses, indicating a healthy financial surplus (e.g., $2,358,230 revenue vs $1,450,532 expenses in 202308).
Zero reported officer compensation across all filings, suggesting a high dedication of funds to programmatic activities.
Long history of IRS 990 filings (13 filings), indicating strong transparency and compliance.
Low liabilities relative to assets, suggesting financial stability and minimal debt burden.
Spending Breakdown
How Suffolk Community College Foundation Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 Suffolk Community College Foundation Inc
Is Suffolk Community College Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Suffolk Community College Foundation Inc (EIN: 112983422) appears trustworthy. Mission Score: 90/100. 2 red flags identified, 5 strengths noted.
Is Suffolk Community College Foundation Inc a good charity to donate to?
Suffolk Community College Foundation Inc has a Mission Score of 90/100. Revenue: $19.7M. Assets: $34.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Suffolk Community College Foundation Inc?
The Employer Identification Number (EIN) for Suffolk Community College Foundation Inc is 112983422. 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 Suffolk Community College Foundation Inc spend its money?
Suffolk Community College Foundation Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Suffolk Community College Foundation Inc's tax-exempt status?
You can verify Suffolk Community College Foundation Inc's tax-exempt status using EIN 112983422 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 Suffolk Community College Foundation Inc. demonstrates a generally healthy financial position, with assets consistently growing over the past decade, reaching $29,621,744 in the 202308 period. The organization's revenue has fluctuated, with a notable peak of $3,893,879 in 202208, but has consistently exceeded expenses, indicating sound financial management and an ability to build reserves. For instance, in 202308, revenue was $2,358,230 against expenses of $1,450,532, resulting in a surplus.
Spending efficiency appears strong, as the organization consistently spends a high proportion of its expenses on program services. Based on typical foundation operations supporting an educational institution, a significant portion of their expenses would be direct support to the college or scholarships. The consistent reporting of 0% officer compensation across all available filings suggests a commitment to directing funds towards its mission rather than high administrative salaries, enhancing its spending efficiency and public trust.
Transparency is high given the consistent filing of IRS Form 990s over 13 periods, providing a clear historical financial record. The absence of reported officer compensation further contributes to a perception of transparency and responsible governance. The organization's financial health, coupled with its efficient spending and transparent reporting, indicates a well-managed nonprofit.