Is Terri & Verne Holoubek Family Foundation Inc Legit?
Quick charity verification for Terri & Verne Holoubek Family Foundation Inc (EIN: 204002202)
Verdict: Terri & Verne Holoubek Family Foundation Inc appears trustworthy
90/100Mission Score
$1.7MRevenue
$4.9MAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Consistent zero officer compensation, indicating high efficiency and dedication.
Stable asset base over a decade, demonstrating financial resilience.
Very low liabilities, suggesting sound financial management.
As a private foundation, its primary function is grantmaking, implying direct program support.
Spending Breakdown
How Terri & Verne Holoubek Family Foundation Inc allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
5%
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 Terri & Verne Holoubek Family Foundation Inc
Is Terri & Verne Holoubek Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Terri & Verne Holoubek Family Foundation Inc (EIN: 204002202) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
Is Terri & Verne Holoubek Family Foundation Inc a good charity to donate to?
Terri & Verne Holoubek Family Foundation Inc has a Mission Score of 90/100. Revenue: $1.7M. Assets: $4.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Terri & Verne Holoubek Family Foundation Inc?
The Employer Identification Number (EIN) for Terri & Verne Holoubek Family Foundation Inc is 204002202. 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 Terri & Verne Holoubek Family Foundation Inc spend its money?
Terri & Verne Holoubek Family Foundation Inc allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Terri & Verne Holoubek Family Foundation Inc's tax-exempt status?
You can verify Terri & Verne Holoubek Family Foundation Inc's tax-exempt status using EIN 204002202 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 Terri & Verne Holoubek Family Foundation Inc operates as a private foundation, as indicated by its NTEE code T20 (Private Grantmaking Foundations). Its financial health appears stable, with assets consistently around $4.5 to $5 million over the past decade, despite fluctuations in annual revenue and expenses. For instance, in 2023, assets were $4,655,749, and in 2014, they were $4,853,860. The foundation consistently reports zero officer compensation, which is a strong indicator of efficient use of funds and a commitment to its philanthropic mission, as administrative costs are minimized.
As a private foundation, its primary function is grantmaking, meaning most of its expenses would typically be program-related (grants paid). The consistent reporting of zero officer compensation across all available filings suggests a high degree of transparency regarding executive remuneration. While specific program spending ratios aren't detailed in the provided summary, the absence of officer compensation implies that a significant portion of its operational expenses, beyond investment management fees, would directly support its charitable distributions. The foundation's liabilities have remained very low, often $500 or less, indicating sound financial management and minimal debt burden.