Quick charity verification for The Caroline And Sigmund Schott Fund (EIN: 112856561)
Verdict: The Caroline And Sigmund Schott Fund appears trustworthy
75/100Mission Score
$1.9MRevenue
$38.4MAssets
2Red Flags
3Strengths
Red Flags
Lack of detailed expense breakdown makes full spending efficiency assessment difficult.
Consistently 0% officer compensation for an organization with nearly $40 million in assets is unusual and could mask compensation reported in other categories or indicate a fully volunteer board without paid staff, which might raise questions about operational capacity.
Strengths
Consistent reporting of 0% officer compensation, suggesting a highly efficient or volunteer-driven leadership.
Substantial and relatively stable asset base of approximately $38 million, indicating long-term financial stability.
Consistent filing of IRS 990 forms, demonstrating transparency in financial reporting.
Spending Breakdown
How The Caroline And Sigmund Schott Fund 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 The Caroline And Sigmund Schott Fund
Is The Caroline And Sigmund Schott Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, The Caroline And Sigmund Schott Fund (EIN: 112856561) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is The Caroline And Sigmund Schott Fund a good charity to donate to?
The Caroline And Sigmund Schott Fund has a Mission Score of 75/100. Revenue: $1.9M. Assets: $38.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The Caroline And Sigmund Schott Fund?
The Employer Identification Number (EIN) for The Caroline And Sigmund Schott Fund is 112856561. 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 The Caroline And Sigmund Schott Fund spend its money?
The Caroline And Sigmund Schott Fund allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The Caroline And Sigmund Schott Fund's tax-exempt status?
You can verify The Caroline And Sigmund Schott Fund's tax-exempt status using EIN 112856561 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 Caroline And Sigmund Schott Fund appears to be a private foundation, given its substantial assets of $38,379,369 and fluctuating revenue and expenses, which is typical for organizations primarily distributing grants rather than directly operating programs. The organization consistently reports 0% officer compensation across all available filings, indicating a volunteer-led or very lean administrative structure, which is a positive sign for efficiency. However, without detailed expense breakdowns beyond total expenses, it's challenging to fully assess spending efficiency between program, administrative, and fundraising costs. The organization's assets have remained relatively stable over the past decade, fluctuating between approximately $35 million and $49 million, suggesting prudent management of its endowment.