Quick charity verification for Verhoek Family Foundation (EIN: 203956898)
Verdict: Verhoek Family Foundation has notable concerns
5/100Mission Score
$7Revenue
$1Assets
4Red Flags
1Strengths
Red Flags
Extremely low and declining revenue ($7 latest, $1 for multiple prior years) compared to expenses.
Significant and rapid depletion of assets (from $159,032 in 2019 to $1 currently).
Consistent reporting of expenses far exceeding revenue, indicating chronic deficits.
Lack of clear operational activity given the financial figures for a grantmaking foundation.
Strengths
No reported officer compensation, indicating no personal financial benefit to executives.
Spending Breakdown
How Verhoek Family Foundation allocates its funds across programs, administration, and fundraising.
0%
Program Spending
Concerning — less than half to programs
100%
Admin Costs
High — over 25% on administration
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 Verhoek Family Foundation
Is Verhoek Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Verhoek Family Foundation (EIN: 203956898) has notable concerns. Mission Score: 5/100. 4 red flags identified, 1 strength noted.
Is Verhoek Family Foundation a good charity to donate to?
Verhoek Family Foundation has a Mission Score of 5/100. Revenue: $7. Assets: $1. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Verhoek Family Foundation?
The Employer Identification Number (EIN) for Verhoek Family Foundation is 203956898. 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 Verhoek Family Foundation spend its money?
Verhoek Family Foundation allocates 0% to programs, 100% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Verhoek Family Foundation's tax-exempt status?
You can verify Verhoek Family Foundation's tax-exempt status using EIN 203956898 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 Verhoek Family Foundation exhibits significant financial instability and a concerning lack of operational activity in recent years. For the latest period (202310), the organization reported only $1 in revenue against $27,353 in expenses, resulting in a substantial deficit. This trend of minimal revenue and disproportionately high expenses is consistent across its most recent filings, with revenue consistently at $1 from 2020 to 2023, while expenses ranged from $19,147 to $70,680. The organization's assets have also dwindled dramatically, from a high of $159,032 in 2019 to just $2 in 2023 and $1 in the latest provided data, indicating a severe depletion of resources.
Given the reported revenue of $7 and assets of $1 in the latest data, alongside the historical trend of minimal income and significant expenses, the foundation appears to be largely inactive or in a state of severe financial distress. The NTEE code T22 (Private Grantmaking Foundations) suggests its purpose is to distribute grants, but with negligible revenue and assets, its capacity to fulfill this mission is virtually nonexistent. The consistent reporting of 0% officer compensation is a positive note regarding executive pay, but it does not offset the broader financial concerns.
Overall, the Verhoek Family Foundation demonstrates poor financial health, extremely low spending efficiency due to its inability to generate revenue to cover even basic expenses, and its current operational status raises questions about its ongoing viability. The transparency of its filings is adequate in terms of providing data, but the data itself paints a picture of an organization that is no longer effectively functioning as a grantmaking entity.