Dr Daniel C Hartnett Family Foundation

Dr Daniel C Hartnett Family Foundation maintains stable assets and zero officer compensation amidst fluctuating revenues.

EIN: 200500365 · Long Lake, MN · NTEE: T20 · Updated: 2026-03-28

$1.0MRevenue

$1.4MAssets

92/100Mission Score (Excellent)

T20

About Dr Daniel C Hartnett Family Foundation

Dr Daniel C Hartnett Family Foundation (EIN: 200500365) is a nonprofit organization based in Long Lake, MN, classified under NTEE code T20. The organization reported total revenue of $1.0M and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Dr Daniel C Hartnett Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Dr Daniel C Hartnett Family Foundation demonstrates a consistent commitment to its mission, as evidenced by its program spending. Over the past several years, the foundation has maintained a healthy asset base, with assets consistently over $1 million in recent periods, reaching $1,161,076 in 2023. While revenue has fluctuated, including a negative revenue period in 2020, the foundation has managed its expenses relatively consistently, typically in the range of $60,000-$75,000 annually. The foundation's transparency is strong, particularly given its consistent 0% officer compensation, indicating that leadership is not drawing salaries from the organization's funds. This practice, combined with regular filings, suggests a well-governed and transparent operation focused on its charitable purpose. The foundation's financial health appears stable, with assets significantly exceeding liabilities, such as $1,161,076 in assets against $45,900 in liabilities in 2023.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Dr Daniel C Hartnett Family Foundation with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 90%
fundraising: 0%

According to IRS 990 filings, Dr Daniel C Hartnett Family Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation has consistently been reported as 0% across all available filings, indicating that the foundation's officers are serving without salary, which is a strong positive for donor confidence and resource allocation to programs.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Dr Daniel C Hartnett Family Foundation's IRS 990 filings:

Highly fluctuating annual revenue, making financial planning potentially challenging.

Strengths

The following positive indicators were identified for Dr Daniel C Hartnett Family Foundation:

Consistent 0% officer compensation, ensuring funds are not used for executive salaries.
Stable asset base, consistently over $1 million in recent years, providing financial security.
Low liabilities relative to assets, indicating strong financial health (e.g., $45,900 liabilities vs. $1,161,076 assets in 2023).
Regular IRS 990 filings, demonstrating transparency and compliance.

Frequently Asked Questions about Dr Daniel C Hartnett Family Foundation

Is the Dr Daniel C Hartnett Family Foundation a good charity?

Based on the available data, the Dr Daniel C Hartnett Family Foundation appears to be a good charity. It consistently reports 0% officer compensation, indicating that all funds are directed towards its mission and operational costs. Its asset base is stable, and it files its IRS 990s regularly, demonstrating transparency.

How does the foundation manage its expenses?

The foundation manages its expenses consistently, typically spending between $60,000 and $75,000 annually in recent years, such as $63,526 in 2023 and $74,701 in 2022. This suggests a predictable operational cost structure.

What is the trend in the foundation's revenue?

The foundation's revenue has been highly variable, ranging from a negative $22,700 in 2020 to $348,825 in 2021. More recently, revenue was $23,188 in 2023 and $30,823 in 2022, indicating reliance on fluctuating income sources.

Filing History

IRS 990 filing history for Dr Daniel C Hartnett Family Foundation showing financial trends over 11 years of public records:

Over 11 years of IRS 990 filings (2010–2023), Dr Daniel C Hartnett Family Foundation's revenue has declined by 58.4%, moving from $56K to $23K. Total assets increased by 85.3% over the same period, from $626K to $1.2M. Total functional expenses rose by 142.2%, from $26K to $64K. In its most recent filing year (2023), Dr Daniel C Hartnett Family Foundation reported a deficit of $40K, with expenses exceeding revenue. The organization holds $46K in liabilities against $1.2M in assets (debt-to-asset ratio: 4.0%), resulting in net assets of $1.1M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$23K	$64K	$1.2M	$46K	—	—
2022	$31K	$75K	$1.2M	$64K	—	View 990
2021	$349K	$69K	$1.3M	$66K	—	View 990
2020	$-22,700	$74K	$976K	$64K	—	View 990
2019	$146K	$60K	$1.2M	$57K	—	View 990
2015	$179K	$66K	$935K	$1	—	View 990
2014	$75K	$70K	$821K	$1	—	View 990
2013	$128K	$50K	$807K	$1	—	View 990
2012	$219K	$39K	$808K	$1	—	View 990
2011	$124K	$39K	$676K	$0	—	View 990
2010	$56K	$26K	$626K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $23K, expenses of $64K, and assets of $1.2M (revenue -24.8% year-over-year).
2022: Revenue of $31K, expenses of $75K, and assets of $1.2M (revenue -91.2% year-over-year).
2021: Revenue of $349K, expenses of $69K, and assets of $1.3M.
2020: Revenue of $-22,700, expenses of $74K, and assets of $976K (revenue -115.6% year-over-year).
2019: Revenue of $146K, expenses of $60K, and assets of $1.2M (revenue -18.7% year-over-year).
2015: Revenue of $179K, expenses of $66K, and assets of $935K (revenue +137.3% year-over-year).
2014: Revenue of $75K, expenses of $70K, and assets of $821K (revenue -41.0% year-over-year).
2013: Revenue of $128K, expenses of $50K, and assets of $807K (revenue -41.6% year-over-year).
2012: Revenue of $219K, expenses of $39K, and assets of $808K (revenue +76.7% year-over-year).
2011: Revenue of $124K, expenses of $39K, and assets of $676K (revenue +122.4% year-over-year).
2010: Revenue of $56K, expenses of $26K, and assets of $626K.

Data Sources and Methodology

This transparency report for Dr Daniel C Hartnett Family Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.