AI Transparency Report
The Nancy Smith Hurd Foundation Tr demonstrates strong financial health, with its assets growing significantly from $19.3 million in 2012 to over $93 million currently. The foundation consistently maintains minimal liabilities, indicating a stable financial position. Its spending efficiency appears robust, particularly in recent years, where expenses have generally been well below revenue, allowing for asset growth. For instance, in 2023, expenses were $4,671,735 against revenue of $7,238,534. The organization's transparency is bolstered by its consistent filing of IRS Form 990s, with 10 filings available, and the explicit reporting of 0% officer compensation, which is a positive indicator of resource allocation towards its mission rather than executive salaries. As a private foundation, its primary function is grantmaking, and the lack of officer compensation suggests that administrative costs are likely low relative to its grant distributions.