Quick charity verification for Van Metre Family Foundation Inc (EIN: 134234557)
Verdict: Van Metre Family Foundation Inc appears trustworthy
90/100Mission Score
$2.0MRevenue
$5.2MAssets
1Red Flags
4Strengths
Red Flags
Expenses frequently exceed revenue, potentially indicating reliance on asset drawdowns rather than solely current income for grantmaking.
Strengths
Consistent reporting of 0% officer compensation, indicating high efficiency in leadership costs.
Stable asset base, consistently above $5 million, providing a strong financial foundation for grantmaking.
Regular IRS 990 filings demonstrate transparency and accountability.
Active grantmaking, with significant expenses incurred to fulfill its philanthropic mission, even when exceeding annual revenue.
Spending Breakdown
How Van Metre 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
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 Van Metre Family Foundation Inc
Is Van Metre Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Van Metre Family Foundation Inc (EIN: 134234557) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
Is Van Metre Family Foundation Inc a good charity to donate to?
Van Metre Family Foundation Inc has a Mission Score of 90/100. Revenue: $2.0M. Assets: $5.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Van Metre Family Foundation Inc?
The Employer Identification Number (EIN) for Van Metre Family Foundation Inc is 134234557. 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 Van Metre Family Foundation Inc spend its money?
Van Metre 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 Van Metre Family Foundation Inc's tax-exempt status?
You can verify Van Metre Family Foundation Inc's tax-exempt status using EIN 134234557 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 Van Metre Family Foundation Inc. appears to be a well-managed private foundation with a consistent asset base, typically ranging between $5 million and $6 million over the past decade. While its revenue fluctuates, the foundation consistently disburses funds, often exceeding its annual revenue in recent years, indicating active grantmaking. For instance, in 2023, expenses were $642,043 against revenues of $265,202. The organization's transparency is bolstered by its consistent filing of IRS Form 990s, with no reported officer compensation, which is a positive indicator for a family foundation. The NTEE code T21 suggests it is a private grantmaking foundation, which aligns with its financial activities of distributing funds rather than directly operating programs.
The foundation's financial health is stable, supported by its substantial assets. Although it has experienced periods where expenses outpaced revenue, such as in 2023, 2022, 2021, and 2020, this is not uncommon for foundations that draw from their endowments to fulfill their philanthropic mission. The absence of officer compensation suggests that administrative costs are likely kept low, or that the foundation is primarily managed by unpaid family members or volunteers, which contributes to spending efficiency. The relatively low liabilities across most years also point to sound financial management.
Overall, the Van Metre Family Foundation demonstrates a commitment to its mission through consistent grantmaking and responsible financial stewardship. Its transparency through regular IRS filings and the lack of executive compensation are strong positive indicators. The foundation's ability to maintain its asset base while distributing funds suggests a sustainable model for its philanthropic endeavors.