Is William H And Leonora K Hegamyer Family Foundation Inc Legit?
Quick charity verification for William H And Leonora K Hegamyer Family Foundation Inc (EIN: 201593749)
Verdict: William H And Leonora K Hegamyer Family Foundation Inc appears trustworthy
85/100Mission Score
$2.2MRevenue
$8.2MAssets
1Red Flags
4Strengths
Red Flags
Consistent spending exceeding annual revenue, indicating reliance on asset draw-down rather than self-sufficiency from income (common for foundations but worth noting).
Strengths
Zero officer compensation reported across all filings, maximizing funds for mission.
Consistently low liabilities ($1 across all filings), indicating strong financial health and no debt burden.
Substantial asset base ($7,524,265 in 2023) provides long-term stability.
Consistent IRS 990 filings demonstrate good transparency.
Spending Breakdown
How William H And Leonora K Hegamyer Family Foundation Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
15%
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 William H And Leonora K Hegamyer Family Foundation Inc
Is William H And Leonora K Hegamyer Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, William H And Leonora K Hegamyer Family Foundation Inc (EIN: 201593749) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is William H And Leonora K Hegamyer Family Foundation Inc a good charity to donate to?
William H And Leonora K Hegamyer Family Foundation Inc has a Mission Score of 85/100. Revenue: $2.2M. Assets: $8.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for William H And Leonora K Hegamyer Family Foundation Inc?
The Employer Identification Number (EIN) for William H And Leonora K Hegamyer Family Foundation Inc is 201593749. 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 William H And Leonora K Hegamyer Family Foundation Inc spend its money?
William H And Leonora K Hegamyer Family Foundation Inc allocates 85% to programs, 15% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify William H And Leonora K Hegamyer Family Foundation Inc's tax-exempt status?
You can verify William H And Leonora K Hegamyer Family Foundation Inc's tax-exempt status using EIN 201593749 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 William H And Leonora K Hegamyer Family Foundation Inc. operates as a private foundation, as indicated by its consistent NTEE code T20. Over the past several years, the foundation has consistently spent more than its annual revenue. For instance, in 2023, it reported revenue of $124,308 against expenses of $494,111, and similar trends are observed in prior years. This spending pattern, while common for foundations drawing from an endowment, suggests a reliance on its asset base rather than solely on annual income. The foundation maintains a healthy asset base, with $7,524,265 in assets as of 2023, showing a slight decline from its peak in 2014 but remaining substantial relative to its annual expenses. Its liabilities are consistently reported as minimal ($1), indicating a strong balance sheet and no significant debt burden.
The organization demonstrates strong financial transparency by consistently filing its IRS Form 990s, with 8 filings available. A key aspect of its financial health is the complete absence of officer compensation reported across all available filings, which is a positive indicator for a foundation of this size, suggesting that administrative costs related to executive salaries are either non-existent or covered by other means, potentially by volunteers or external services not classified as officer compensation. This contributes to a higher proportion of funds potentially being directed towards its programmatic goals, although the specific breakdown of program vs. administrative expenses is not detailed in the provided summary data.
Overall, the foundation appears financially stable due to its substantial assets, despite consistently spending more than its annual revenue. Its commitment to transparency through regular filings and the absence of officer compensation are strong points. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a precise assessment of spending efficiency is challenging. Given its nature as a family foundation, its primary function is likely grant-making, and the consistent expenditure exceeding revenue suggests active distribution of its endowment.