Dubose & Dorothy Heyward Memorial Fund
Dubose & Dorothy Heyward Memorial Fund consistently grows assets and reports no officer compensation.
EIN: 136840999 · Pittsburgh, PA · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.0M |
| Total Expenses | $1.2M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $14 |
| Net Assets | $14.5M |
| Transparency Score | 90/100 |
Is Dubose & Dorothy Heyward Memorial Fund Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Dubose & Dorothy Heyward Memorial Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Dubose & Dorothy Heyward Memorial Fund
Dubose & Dorothy Heyward Memorial Fund (EIN: 136840999) is a nonprofit organization based in Pittsburgh, PA. The organization reported total revenue of $4.0M and total assets of $15.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Dubose & Dorothy Heyward Memorial Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Dubose & Dorothy Heyward Memorial Fund is a mid-size nonprofit that has been operating for 39 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$786K |
| Total Assets | $14.5M |
| Total Liabilities | $1 |
| Net Assets | $14.5M |
| Operating Margin | 40.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 149.4 months |
Financial Health Grade: A
In 2023, Dubose & Dorothy Heyward Memorial Fund reported a surplus of $786K with revenue exceeding expenses, holds 149.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Dubose & Dorothy Heyward Memorial Fund's revenue has grown at a compound annual growth rate (CAGR) of 7.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +85.1% | -11.6% | +5.8% |
| 2022 | -44.2% | +22.0% | +4.6% |
| 2021 | +54.7% | +10.9% | +6.6% |
| 2020 | +6.7% | -11.1% | +2.1% |
| 2019 | -16.5% | -7.5% | +13.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Dubose & Dorothy Heyward Memorial Fund with a Mission Score of 90 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, Dubose & Dorothy Heyward Memorial Fund 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $786K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not categorized as officer compensation, which is highly efficient for an organization of its size with assets exceeding $14 million.
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.
Strengths
The following positive indicators were identified for Dubose & Dorothy Heyward Memorial Fund:
- Consistent asset growth, from $8.5M in 2011 to $14.4M in 2023.
- 0% officer compensation reported across all filings, indicating high efficiency.
- Strong financial health with revenues generally exceeding expenses.
- Minimal liabilities reported ($1 in recent years), indicating a very stable financial position.
- Consistent filing of IRS Form 990s, demonstrating transparency.
Frequently Asked Questions about Dubose & Dorothy Heyward Memorial Fund
Is Dubose & Dorothy Heyward Memorial Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Dubose & Dorothy Heyward Memorial Fund (EIN: 136840999) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Dubose & Dorothy Heyward Memorial Fund spend its money?
Dubose & Dorothy Heyward Memorial Fund directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Dubose & Dorothy Heyward Memorial Fund tax-deductible?
Dubose & Dorothy Heyward Memorial Fund is registered as a tax-exempt nonprofit (EIN: 136840999). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Dubose & Dorothy Heyward Memorial Fund CEO make?
Dubose & Dorothy Heyward Memorial Fund's highest-compensated officer earns $14 annually. The organization reported $4.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Dubose & Dorothy Heyward Memorial Fund located?
Dubose & Dorothy Heyward Memorial Fund is headquartered in Pittsburgh, Pennsylvania and files with the IRS under EIN 136840999.
How many years of IRS 990 filings does Dubose & Dorothy Heyward Memorial Fund have?
Dubose & Dorothy Heyward Memorial Fund has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $4.0M in total revenue.
Is Dubose & Dorothy Heyward Memorial Fund a good charity?
Based on the provided financial data, the Dubose & Dorothy Heyward Memorial Fund appears to be a very good charity. It demonstrates strong financial health with consistent asset growth, operates with virtually no liabilities, and reports 0% officer compensation, suggesting a highly efficient use of funds.
How has the organization's asset base changed over time?
The organization's assets have shown consistent and significant growth, increasing from $8,577,171 in 2011 to $14,454,023 in 2023, indicating strong financial stewardship and accumulation of resources.
What is the trend in revenue versus expenses?
Generally, the organization's revenue has exceeded its expenses in most years, contributing to its asset growth. For example, in 2023, revenue was $1,946,297 while expenses were $1,160,755, resulting in a surplus.
Filing History
IRS 990 filing history for Dubose & Dorothy Heyward Memorial Fund showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Dubose & Dorothy Heyward Memorial Fund's revenue has grown by 124.5%, moving from $867K to $1.9M. Total assets increased by 68.5% over the same period, from $8.6M to $14.5M. Total functional expenses rose by 77%, from $656K to $1.2M. In its most recent filing year (2023), Dubose & Dorothy Heyward Memorial Fund reported a surplus of $786K, with revenue exceeding expenses. The organization holds $1 in liabilities against $14.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $14.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $1.2M | $14.5M | $1 | — | View 990 |
| 2022 | $1.1M | $1.3M | $13.7M | $1 | — | View 990 |
| 2021 | $1.9M | $1.1M | $13.1M | $1 | — | View 990 |
| 2020 | $1.2M | $971K | $12.3M | $1 | — | View 990 |
| 2019 | $1.1M | $1.1M | $12.0M | $0 | — | View 990 |
| 2015 | $1.4M | $1.2M | $10.6M | $0 | — | View 990 |
| 2014 | $1.9M | $714K | $10.4M | $0 | — | View 990 |
| 2013 | $1.2M | $777K | $9.3M | $0 | — | View 990 |
| 2012 | $1.1M | $900K | $8.8M | $0 | — | View 990 |
| 2011 | $867K | $656K | $8.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $1.2M, and assets of $14.5M (revenue +85.1% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.3M, and assets of $13.7M (revenue -44.2% year-over-year).
- 2021: Revenue of $1.9M, expenses of $1.1M, and assets of $13.1M (revenue +54.7% year-over-year).
- 2020: Revenue of $1.2M, expenses of $971K, and assets of $12.3M (revenue +6.7% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.1M, and assets of $12.0M (revenue -16.5% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.2M, and assets of $10.6M (revenue -28.1% year-over-year).
- 2014: Revenue of $1.9M, expenses of $714K, and assets of $10.4M (revenue +58.4% year-over-year).
- 2013: Revenue of $1.2M, expenses of $777K, and assets of $9.3M (revenue +5.1% year-over-year).
- 2012: Revenue of $1.1M, expenses of $900K, and assets of $8.8M (revenue +31.9% year-over-year).
- 2011: Revenue of $867K, expenses of $656K, and assets of $8.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Dubose & Dorothy Heyward Memorial Fund:
Data Sources and Methodology
This transparency report for Dubose & Dorothy Heyward Memorial Fund 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.