Dwayne Hawkins Family Foundation Inc
Dwayne Hawkins Family Foundation shows strong asset growth and zero executive compensation over a decade.
EIN: 202788633 · Clearwater, FL · NTEE: T20 · Updated: 2026-03-28
Is Dwayne Hawkins Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Dwayne Hawkins Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Dwayne Hawkins Family Foundation Inc
Dwayne Hawkins Family Foundation Inc (EIN: 202788633) is a nonprofit organization based in Clearwater, FL, classified under NTEE code T20. The organization reported total revenue of $5.5M and total assets of $14.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Dwayne Hawkins Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Dwayne Hawkins Family Foundation Inc is a mid-size nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 200.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.3M |
| Total Expenses | $1.5M |
| Surplus / Deficit | +$2.8M |
| Total Assets | $11.3M |
| Total Liabilities | $14K |
| Net Assets | $11.3M |
| Operating Margin | 65.1% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 90.4 months |
Financial Health Grade: A
In 2023, Dwayne Hawkins Family Foundation Inc reported a surplus of $2.8M with revenue exceeding expenses, holds 90.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Dwayne Hawkins Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 200.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.0% | +348.6% | +43.3% |
| 2022 | +0.0% | +14227.6% | +90.8% |
| 2021 | +58571428.6% | +119.7% | +8957.7% |
| 2020 | -56.3% | -89.4% | -2.3% |
| 2019 | +166.7% | +364.1% | -25.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2006 |
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 Dwayne Hawkins Family Foundation Inc with a Mission Score of 95 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, Dwayne Hawkins Family Foundation Inc 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 $2.8M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the foundation, which is highly unusual for an organization with assets growing to over $11 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.
Red Flags
The following concerns were identified during AI analysis of Dwayne Hawkins Family Foundation Inc's IRS 990 filings:
- Lack of detailed expense breakdown (program vs. admin) in provided summary data, making precise efficiency calculations difficult.
- Unusually low expenses in some years (e.g., $2,340 in 2021) compared to revenue, which might indicate a grant-making foundation with minimal operational costs, but warrants further investigation into grant distribution.
Strengths
The following positive indicators were identified for Dwayne Hawkins Family Foundation Inc:
- Consistent 0% officer compensation, indicating high efficiency and dedication to mission.
- Significant and consistent asset growth, from $45,769 in 2020 to $11,333,760 in 2023, demonstrating strong financial management.
- Very low liabilities across all reported periods, indicating financial stability.
- High revenue generation in recent years (e.g., $4,305,107 in 2023), supporting substantial asset accumulation.
- Long history of IRS 990 filings (10 filings), suggesting transparency and compliance.
Frequently Asked Questions about Dwayne Hawkins Family Foundation Inc
Is Dwayne Hawkins Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Dwayne Hawkins Family Foundation Inc (EIN: 202788633) some concerns. Mission Score: 95/100. 2 red flags identified, 5 strengths noted.
How does Dwayne Hawkins Family Foundation Inc spend its money?
Dwayne Hawkins Family Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Dwayne Hawkins Family Foundation Inc tax-deductible?
Dwayne Hawkins Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 202788633). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Dwayne Hawkins Family Foundation Inc. a good charity?
Based on the available data, the foundation appears to be a very good charity. It demonstrates exceptional financial efficiency with consistently low expenses relative to revenue, significant asset growth, and a remarkable 0% executive compensation, suggesting a strong focus on its mission and responsible use of funds.
How has the foundation's financial health changed over time?
The foundation has experienced substantial financial growth, particularly in recent years. Its assets grew from $45,769 in 2020 to $11,333,760 in 2023, and revenues have consistently been in the millions since 2021, indicating robust financial health and successful asset accumulation.
What is the organization's approach to executive compensation?
The organization's approach to executive compensation is highly conservative, with 0% reported for officer compensation across all ten available filings. This suggests that leadership is either unpaid or compensated through other means not reported as officer compensation on the 990, or that the foundation operates with a volunteer leadership structure.
Filing History
IRS 990 filing history for Dwayne Hawkins Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Dwayne Hawkins Family Foundation Inc's revenue has grown by 53813737.5%, moving from $8 to $4.3M. Total assets increased by 16312.9% over the same period, from $69K to $11.3M. Total functional expenses rose by 19217.9%, from $8K to $1.5M. In its most recent filing year (2023), Dwayne Hawkins Family Foundation Inc reported a surplus of $2.8M, with revenue exceeding expenses. The organization holds $14K in liabilities against $11.3M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $11.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.3M | $1.5M | $11.3M | $14K | — | View 990 |
| 2022 | $4.1M | $335K | $7.9M | $1 | — | View 990 |
| 2021 | $4.1M | $2K | $4.1M | $2K | — | — |
| 2020 | $7 | $1K | $46K | $1 | — | — |
| 2019 | $16 | $10K | $47K | $1 | — | View 990 |
| 2015 | $6 | $2K | $63K | $1 | — | View 990 |
| 2014 | $63K | $252K | $65K | $1 | — | View 990 |
| 2013 | $200K | $2K | $265K | $1 | — | View 990 |
| 2012 | $7 | $2K | $67K | $1 | — | View 990 |
| 2011 | $8 | $8K | $69K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.3M, expenses of $1.5M, and assets of $11.3M (revenue +5.0% year-over-year).
- 2022: Revenue of $4.1M, expenses of $335K, and assets of $7.9M (revenue +0.0% year-over-year).
- 2021: Revenue of $4.1M, expenses of $2K, and assets of $4.1M (revenue +58571428.6% year-over-year).
- 2020: Revenue of $7, expenses of $1K, and assets of $46K (revenue -56.3% year-over-year).
- 2019: Revenue of $16, expenses of $10K, and assets of $47K (revenue +166.7% year-over-year).
- 2015: Revenue of $6, expenses of $2K, and assets of $63K (revenue -100.0% year-over-year).
- 2014: Revenue of $63K, expenses of $252K, and assets of $65K (revenue -68.5% year-over-year).
- 2013: Revenue of $200K, expenses of $2K, and assets of $265K (revenue +2850028.6% year-over-year).
- 2012: Revenue of $7, expenses of $2K, and assets of $67K (revenue -12.5% year-over-year).
- 2011: Revenue of $8, expenses of $8K, and assets of $69K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Dwayne Hawkins Family Foundation Inc:
Data Sources and Methodology
This transparency report for Dwayne Hawkins Family Foundation Inc 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.