Quick charity verification for Turkanis Family Foundation (EIN: 208678978)
Verdict: Turkanis Family Foundation appears trustworthy
90/100Mission Score
$57KRevenue
$658KAssets
1Red Flags
4Strengths
Red Flags
Significant revenue fluctuations year-to-year, such as $286,421 in 2021 compared to $49,488 in 2023, which could indicate reliance on volatile investment returns or large, infrequent donations.
Strengths
Consistent asset growth, from $331,249 in 2011 to $684,882 in 2023, demonstrating financial stability.
Zero officer compensation reported across all filings, indicating high efficiency and dedication of funds to mission.
Extremely low liabilities (consistently $1), reflecting a very healthy balance sheet.
Consistent IRS 990 filings over a decade, showing good transparency and compliance.
Spending Breakdown
How Turkanis Family Foundation 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 Turkanis Family Foundation
Is Turkanis Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Turkanis Family Foundation (EIN: 208678978) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
Is Turkanis Family Foundation a good charity to donate to?
Turkanis Family Foundation has a Mission Score of 90/100. Revenue: $57K. Assets: $658K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Turkanis Family Foundation?
The Employer Identification Number (EIN) for Turkanis Family Foundation is 208678978. 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 Turkanis Family Foundation spend its money?
Turkanis Family Foundation allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Turkanis Family Foundation's tax-exempt status?
You can verify Turkanis Family Foundation's tax-exempt status using EIN 208678978 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 Turkanis Family Foundation appears to be a private foundation primarily focused on grantmaking, as indicated by its NTEE code T22 (Private Grantmaking Foundations). Its financial health shows consistent asset growth over the past decade, from $331,249 in 2011 to $684,882 in 2023, suggesting sound financial management and investment. Revenue has fluctuated significantly, with a peak of $286,421 in 2021, but generally remains sufficient to cover expenses. The foundation consistently reports $0 in officer compensation, which is a strong indicator of efficient spending and a commitment to directing funds towards its mission rather than administrative salaries.
Spending efficiency is high, particularly given the nature of a private foundation where expenses are largely grants. The absence of officer compensation means that nearly all operational expenses would be related to administrative overhead for grant processing and compliance. The foundation's liabilities are consistently reported as $1, indicating a very healthy balance sheet with virtually no debt. This financial stability and low overhead contribute positively to its overall efficiency.
Transparency is generally good, as evidenced by its consistent IRS 990 filings. The detailed financial data provided allows for a clear understanding of its revenue, expenses, and asset growth. The lack of officer compensation is a transparent practice that aligns with donor expectations for foundations of this type. Overall, the foundation demonstrates strong financial health, high spending efficiency due to its operational model, and good transparency through its public filings.