Is Ulm Family Foundation Inc Legit?

Quick charity verification for Ulm Family Foundation Inc (EIN: 205745473)

Verdict: Ulm Family Foundation Inc appears trustworthy

75/100Mission Score

$17.5MRevenue

$8.7MAssets

3Red Flags

3Strengths

Red Flags

Significant periods where expenses substantially exceed revenue (e.g., 2022 expenses $1,417,044 vs. revenue $153,039).
Consistent decline in total assets over the long term, from $3,897,637 in 2011 to $1,175,737 in 2023, suggesting potential drawdowns of principal.
High variability in annual revenue, making financial planning and consistent program delivery potentially challenging.

Strengths

Exceptional efficiency in executive compensation, with 0% reported officer compensation across all filings.
Very low liabilities, consistently reported at $0 or $1, indicating a healthy balance sheet free of significant debt.
The latest reported revenue of $17,517,034 indicates a significant capacity for funding its mission, if sustained.

Spending Breakdown

How Ulm Family Foundation Inc allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 Ulm Family Foundation Inc

Is Ulm Family Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Ulm Family Foundation Inc (EIN: 205745473) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.

Is Ulm Family Foundation Inc a good charity to donate to?

Ulm Family Foundation Inc has a Mission Score of 75/100. Revenue: $17.5M. Assets: $8.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Ulm Family Foundation Inc?

The Employer Identification Number (EIN) for Ulm Family Foundation Inc is 205745473. 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 Ulm Family Foundation Inc spend its money?

Ulm Family Foundation Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Ulm Family Foundation Inc's tax-exempt status?

You can verify Ulm Family Foundation Inc's tax-exempt status using EIN 205745473 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 Ulm Family Foundation Inc. demonstrates a consistent pattern of low administrative and fundraising costs, as evidenced by the 0% officer compensation reported across all available filings. This suggests a strong focus on directing resources towards its programmatic goals. However, the foundation has experienced significant fluctuations in its financial performance. For instance, in 2022, expenses of $1,417,044 far exceeded revenue of $153,039, indicating a reliance on prior period assets or other funding sources. Conversely, in 2019, revenue of $3,672,896 significantly outpaced expenses of $482,859. The latest reported revenue of $17,517,034, while not directly tied to a specific expense period in the provided data, suggests a substantial increase in financial activity, which warrants further investigation into how these funds are being utilized and managed.

The foundation's asset base has shown a general decline from $3,897,637 in 2011 to $1,175,737 in 2023, with some intermittent increases. This trend, coupled with periods where expenses outstrip revenue, suggests that the foundation may be drawing down its principal to fund operations. The consistent reporting of minimal liabilities ($0 or $1) indicates a healthy balance sheet in terms of debt, but the overall financial sustainability depends on its ability to generate sufficient revenue to cover expenses and maintain its asset base over the long term. The lack of reported officer compensation is a positive indicator of efficiency and transparency regarding executive pay.

Given the NTEE code T20 (Philanthropy, Voluntarism, and Grantmaking Foundations), the foundation's primary activity is likely grantmaking. A deeper analysis would require examining the program service accomplishments and grant schedules to assess the impact and effectiveness of its spending. The provided data primarily focuses on financial health and efficiency, where the foundation shows strengths in low overhead but also challenges in consistent revenue generation relative to expenses in certain periods.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.