Quick charity verification for Wyn And Carol Laidig Foundation Inc (EIN: 205966178)
Verdict: Wyn And Carol Laidig Foundation Inc appears trustworthy
90/100Mission Score
$2.6MRevenue
$22.0MAssets
2Red Flags
4Strengths
Red Flags
Significant revenue volatility, including a negative revenue year in 2020 ($-936,936)
Expenses exceeding revenue in the most recent filing period (202312: Revenue=$144,398, Expenses=$1,084,537) without clear explanation of the nature of these expenses (e.g., grantmaking vs. operational losses).
Strengths
Consistent asset growth, from $6.8M in 2011 to $21.9M currently.
Zero reported officer compensation across all filings, indicating high efficiency in leadership costs.
Extremely low liabilities, consistently reported as $1, demonstrating strong financial health and minimal debt.
Long filing history (10 filings) indicating sustained operation and transparency.
Spending Breakdown
How Wyn And Carol Laidig 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 Wyn And Carol Laidig Foundation Inc
Is Wyn And Carol Laidig Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Wyn And Carol Laidig Foundation Inc (EIN: 205966178) appears trustworthy. Mission Score: 90/100. 2 red flags identified, 4 strengths noted.
Is Wyn And Carol Laidig Foundation Inc a good charity to donate to?
Wyn And Carol Laidig Foundation Inc has a Mission Score of 90/100. Revenue: $2.6M. Assets: $22.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Wyn And Carol Laidig Foundation Inc?
The Employer Identification Number (EIN) for Wyn And Carol Laidig Foundation Inc is 205966178. 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 Wyn And Carol Laidig Foundation Inc spend its money?
Wyn And Carol Laidig Foundation Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Wyn And Carol Laidig Foundation Inc's tax-exempt status?
You can verify Wyn And Carol Laidig Foundation Inc's tax-exempt status using EIN 205966178 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 Wyn And Carol Laidig Foundation Inc demonstrates a strong financial position with substantial assets, currently at $21,972,151. The organization consistently maintains minimal liabilities, often reported as $1, indicating sound financial management and low debt risk. While revenue has fluctuated significantly over the years, including a negative revenue period in 2020, the foundation has consistently grown its asset base, suggesting effective long-term investment strategies or substantial contributions. The absence of reported officer compensation across all available filings points to a volunteer-driven leadership or a structure where compensation is not drawn from the foundation's direct operational budget, which enhances its spending efficiency from a compensation perspective. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories in the provided data, a precise assessment of spending efficiency beyond officer compensation is challenging. The significant difference between revenue and expenses in some years, such as 2021 where revenue was $3,918,089 and expenses were $872,649, indicates a focus on asset growth or substantial grantmaking that isn't fully captured by the 'expenses' figure alone, or a significant portion of revenue is investment income. The latest period (202312) shows expenses ($1,084,537) significantly exceeding revenue ($144,398), which could be due to a large grant distribution or investment losses, but given the overall asset growth, it doesn't immediately signal distress.