Is The Octoberhill Foundation C/O Sharon Trulock Esq Legit?
Quick charity verification for The Octoberhill Foundation C/O Sharon Trulock Esq (EIN: 137049883)
Verdict: The Octoberhill Foundation C/O Sharon Trulock Esq shows mixed signals
55/100Mission Score
$48KRevenue
$128KAssets
3Red Flags
2Strengths
Red Flags
Consistent negative net income (expenses exceeding revenue) in multiple years, including a $-37,981 revenue in 2023.
Significant decline in assets from $1,342,471 in 2011 to $162,122 in 2023, indicating asset depletion.
High volatility in annual revenue and expenses, making financial planning and sustainability challenging.
Strengths
Consistent reporting of $0 officer compensation, indicating low administrative overhead in this area.
Minimal reported liabilities ($1 in most years), suggesting a lack of significant debt.
Spending Breakdown
How The Octoberhill Foundation C/O Sharon Trulock Esq allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Octoberhill Foundation C/O Sharon Trulock Esq
Is The Octoberhill Foundation C/O Sharon Trulock Esq a legitimate charity?
Based on AI analysis of IRS 990 filings, The Octoberhill Foundation C/O Sharon Trulock Esq (EIN: 137049883) shows mixed signals. Mission Score: 55/100. 3 red flags identified, 2 strengths noted.
Is The Octoberhill Foundation C/O Sharon Trulock Esq a good charity to donate to?
The Octoberhill Foundation C/O Sharon Trulock Esq has a Mission Score of 55/100. Revenue: $48K. Assets: $128K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The Octoberhill Foundation C/O Sharon Trulock Esq?
The Employer Identification Number (EIN) for The Octoberhill Foundation C/O Sharon Trulock Esq is 137049883. 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 Octoberhill Foundation C/O Sharon Trulock Esq spend its money?
The Octoberhill Foundation C/O Sharon Trulock Esq allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The Octoberhill Foundation C/O Sharon Trulock Esq's tax-exempt status?
You can verify The Octoberhill Foundation C/O Sharon Trulock Esq's tax-exempt status using EIN 137049883 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 Octoberhill Foundation exhibits inconsistent financial performance over the past decade, with significant fluctuations in revenue and expenses. For instance, the organization reported negative revenue of $-37,981 in 2023, alongside expenses of $216,179, indicating a substantial deficit. This trend of expenses frequently exceeding revenue is observed in multiple years, such as 2022 (revenue $18,660, expenses $263,478) and 2019 (revenue $326,825, expenses $374,915). While the organization's assets have varied, they have generally declined from a high of $1,342,471 in 2011 to $162,122 in 2023, suggesting a depletion of reserves.
The consistent reporting of $0 officer compensation across all filings indicates a potential reliance on volunteer leadership or that compensation is not reported in this section. The NTEE code T20Z suggests the organization is involved in grantmaking or giving services, which typically involves distributing funds to other nonprofits. Without a detailed breakdown of expenses into program, administrative, and fundraising categories from the provided data, it's challenging to fully assess spending efficiency. However, the recurring deficits raise concerns about long-term financial sustainability.
Transparency regarding executive compensation is high, as it consistently reports $0. However, the lack of detailed expense categorization in the provided summary makes a comprehensive assessment of spending efficiency difficult. The significant year-over-year swings in revenue and expenses, including negative revenue, warrant closer examination of their financial operations and funding model.