Eagle Foundation

Eagle Foundation consistently breaks even with zero reported officer compensation amidst significant assets and liabilities.

EIN: 202103344 · Jefferson City, TN · NTEE: B11 · Updated: 2026-03-28

$706KRevenue

$12.8MAssets

65/100Mission Score (Good)

B11

About Eagle Foundation

Eagle Foundation (EIN: 202103344) is a nonprofit organization based in Jefferson City, TN, classified under NTEE code B11. The organization reported total revenue of $706K and total assets of $12.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Eagle Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Eagle Foundation exhibits a unique financial profile, characterized by consistent revenue and expense figures in recent years, with revenue matching expenses exactly from 2019 to 2023. This suggests a break-even operational model. The organization also reports zero officer compensation across all available filings, which is highly unusual for an entity with significant assets and expenses, potentially indicating an all-volunteer leadership or that compensation is reported differently or through related entities not immediately apparent. The substantial assets, consistently over $12 million, coupled with liabilities that often mirror assets in recent years, warrant further investigation into the nature of these assets and liabilities.

Spending efficiency is difficult to fully assess without a detailed functional expense breakdown, which is not provided in the summary data. However, the consistent matching of revenue and expenses implies a tight budget management. The lack of reported officer compensation, while potentially positive for donor perception, could also raise questions about the sustainability of leadership or the true cost of operations if key personnel are compensated through other means. The organization's transparency is somewhat limited by the absence of detailed expense categories and the unusual asset/liability parity.

From 2017 to 2018, the organization reported zero revenue, expenses, assets, and liabilities, which is a significant anomaly in its filing history and could indicate a period of dormancy or a change in reporting structure. This inconsistency, along with the zero officer compensation, suggests that a deeper dive into the full 990 forms would be necessary to fully understand the foundation's operational model and financial health. The NTEE code B11 (Animal Protection & Welfare) provides context for its mission, but the financial data alone doesn't clearly illustrate program impact.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Eagle Foundation with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, Eagle Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The Eagle Foundation consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization managing over $12 million in assets and annual expenses exceeding $700,000. This suggests either an entirely volunteer-led executive team or that executive compensation is being reported through alternative, non-officer channels or related entities.

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 Eagle Foundation's IRS 990 filings:

Consistent 0% officer compensation, which is highly unusual for an organization of this size.
Assets and liabilities frequently mirroring each other exactly, suggesting potential restricted funds or specific accounting practices that warrant closer examination.
Periods of zero revenue, expenses, assets, and liabilities (2016-2017) indicating potential operational discontinuity or reporting issues.
Lack of detailed functional expense breakdown in summary data, making it difficult to fully assess spending efficiency.

Strengths

The following positive indicators were identified for Eagle Foundation:

Consistent revenue generation in recent years (e.g., $705,540 from 2021-2023).
Significant asset base, consistently over $12 million, providing a strong financial foundation.
Consistent break-even operations in recent years, indicating tight financial management where expenses do not exceed revenue.

Frequently Asked Questions about Eagle Foundation

Why does the Eagle Foundation consistently report zero officer compensation?

The consistent reporting of 0% officer compensation across all filings, despite significant assets and expenses, is highly unusual and suggests either an all-volunteer leadership structure or that compensation is being reported in a manner not immediately visible in the summary data, potentially through related organizations or as non-officer salaries.

What is the nature of the large assets and liabilities that often mirror each other?

From 2021-2023, the organization's assets and liabilities were identical (e.g., $13,051,868 in 2023). This parity could indicate that a significant portion of assets are restricted or held in trust, or that the organization has substantial debt or other obligations that precisely offset its asset base. Further investigation into the balance sheet details would be necessary.

Why were there periods (2016-2017) with zero revenue, expenses, assets, and liabilities?

The filings for periods 201607 and 201707 show zero for all financial metrics. This is a significant anomaly that could indicate a temporary dormancy, a change in reporting requirements, or a restructuring of the organization during those years.

How does the Eagle Foundation achieve its mission with no reported officer compensation?

Given the NTEE code B11 (Animal Protection & Welfare) and annual expenses over $700,000, the absence of reported officer compensation raises questions about how the organization sustains its leadership and operational capacity. It implies a strong reliance on volunteer efforts or alternative staffing models.

Filing History

IRS 990 filing history for Eagle Foundation showing financial trends over 13 years of public records:

Total assets increased by 6.6% over the same period, from $12.2M to $13.1M. Total functional expenses rose by 134%, from $302K to $706K. In its most recent filing year (2023), Eagle Foundation reported a surplus of $0, with revenue exceeding expenses. The organization holds $13.1M in liabilities against $13.1M in assets (debt-to-asset ratio: 100.0%), resulting in net assets of $0.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$706K	$706K	$13.1M	$13.1M	—	—
2022	$706K	$706K	$13.3M	$13.3M	—	View 990
2021	$706K	$706K	$13.6M	$13.6M	—	View 990
2020	$749K	$749K	$13.8M	$13.8M	—	View 990
2019	$706K	$706K	$14.1M	$14.1M	—	View 990
2018	$118K	$118K	$14.3M	$14.3M	—	View 990
2017	$0	$0	$0	$0	—	View 990
2016	$0	$0	$0	$0	—	View 990
2015	$0	$305K	$11.2M	$5.2M	—	View 990
2014	$0	$304K	$11.5M	$5.2M	—	View 990
2013	$0	$354K	$11.8M	$5.2M	—	View 990
2012	$0	$345K	$11.9M	$5.0M	—	View 990
2011	$0	$302K	$12.2M	$4.9M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $706K, expenses of $706K, and assets of $13.1M (revenue +0.0% year-over-year).
2022: Revenue of $706K, expenses of $706K, and assets of $13.3M (revenue +0.0% year-over-year).
2021: Revenue of $706K, expenses of $706K, and assets of $13.6M (revenue -5.8% year-over-year).
2020: Revenue of $749K, expenses of $749K, and assets of $13.8M (revenue +6.1% year-over-year).
2019: Revenue of $706K, expenses of $706K, and assets of $14.1M (revenue +500.0% year-over-year).
2018: Revenue of $118K, expenses of $118K, and assets of $14.3M.
2017: Revenue of $0, expenses of $0, and assets of $0.
2016: Revenue of $0, expenses of $0, and assets of $0.
2015: Revenue of $0, expenses of $305K, and assets of $11.2M.
2014: Revenue of $0, expenses of $304K, and assets of $11.5M.
2013: Revenue of $0, expenses of $354K, and assets of $11.8M.
2012: Revenue of $0, expenses of $345K, and assets of $11.9M.
2011: Revenue of $0, expenses of $302K, and assets of $12.2M.

Data Sources and Methodology

This transparency report for Eagle 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.