Is Tidewater Community College Real Estate Foundation Inc Legit?
Quick charity verification for Tidewater Community College Real Estate Foundation Inc (EIN: 203950078)
Verdict: Tidewater Community College Real Estate Foundation Inc appears trustworthy
85/100Mission Score
$3.0MRevenue
$23.9MAssets
2Red Flags
3Strengths
Red Flags
Significant increase in liabilities from $3.52 million in 2021 to $10.50 million in 2023, requiring further scrutiny.
Highly volatile revenue streams, including negative revenue in some years, which could pose budgeting challenges.
Strengths
Consistent and substantial asset growth, from $5.97 million in 2014 to $23.07 million in 2023, indicating strong financial management or successful investments.
0% officer compensation reported across all filings, demonstrating a commitment to directing funds towards the mission.
Positive net income in most recent years (e.g., $1.75 million revenue vs. $1.04 million expenses in 2023), indicating financial health.
Spending Breakdown
How Tidewater Community College Real Estate Foundation Inc 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 Tidewater Community College Real Estate Foundation Inc
Is Tidewater Community College Real Estate Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Tidewater Community College Real Estate Foundation Inc (EIN: 203950078) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
Is Tidewater Community College Real Estate Foundation Inc a good charity to donate to?
Tidewater Community College Real Estate Foundation Inc has a Mission Score of 85/100. Revenue: $3.0M. Assets: $23.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Tidewater Community College Real Estate Foundation Inc?
The Employer Identification Number (EIN) for Tidewater Community College Real Estate Foundation Inc is 203950078. 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 Tidewater Community College Real Estate Foundation Inc spend its money?
Tidewater Community College Real Estate Foundation Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Tidewater Community College Real Estate Foundation Inc's tax-exempt status?
You can verify Tidewater Community College Real Estate Foundation Inc's tax-exempt status using EIN 203950078 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
Tidewater Community College Real Estate Foundation Inc demonstrates a generally healthy financial trajectory, marked by significant asset growth over the past decade, from $5.97 million in 2014 to $23.07 million in 2023. Revenue has shown considerable fluctuation, with a notable peak of $5.73 million in 2015 and a recent high of $1.75 million in 2023, indicating reliance on varied funding streams or large, infrequent contributions. The organization consistently reports 0% officer compensation, which is a strong indicator of efficient use of funds for its mission rather than executive salaries. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories in the provided data, a precise assessment of spending efficiency is challenging. The substantial increase in liabilities from $3.52 million in 2021 to $10.50 million in 2023 warrants further investigation to understand its nature and potential impact on long-term financial stability.