Ernest And Golda Huitt Privatefoundation

Ernest And Golda Huitt Privatefoundation maintains stable assets and zero executive compensation.

EIN: 203978710 · Pratt, KS · NTEE: T22 · Updated: 2026-03-28

$97KRevenue

$746KAssets

90/100Mission Score (Excellent)

T22

About Ernest And Golda Huitt Privatefoundation

Ernest And Golda Huitt Privatefoundation (EIN: 203978710) is a nonprofit organization based in Pratt, KS, classified under NTEE code T22. The organization reported total revenue of $97K and total assets of $746K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ernest And Golda Huitt Privatefoundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Ernest And Golda Huitt Privatefoundation demonstrates consistent financial stability with assets around $750,000 over the past decade, currently at $746,362. As a private foundation, its primary function is grantmaking, and its expenses are largely directed towards these programmatic activities. The organization consistently reports zero officer compensation, indicating a volunteer-led or minimally compensated leadership structure, which contributes to lower administrative overhead.

While the foundation's revenue fluctuates year-to-year, ranging from $12,208 to $92,128, its asset base remains robust. The latest filing shows revenue of $27,744 against expenses of $23,212, indicating a surplus for the period. The foundation's liabilities are consistently minimal ($0 or $1), suggesting a healthy balance sheet and low financial risk. Its NTEE code T22 indicates it is a private grantmaking foundation, which aligns with its operational profile.

Overall, the foundation appears to be financially sound and operates with a high degree of spending efficiency due to its lack of executive compensation. Its consistent asset base and minimal liabilities suggest a well-managed endowment supporting its philanthropic mission. Transparency is high given the public availability of its 990 filings and the clear reporting of its financial activities.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Ernest And Golda Huitt Privatefoundation 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: 5%
programs: 95%
fundraising: 0%

According to IRS 990 filings, Ernest And Golda Huitt Privatefoundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not reported as officer compensation, which significantly reduces administrative costs relative to its asset size of $746,362.

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 Ernest And Golda Huitt Privatefoundation:

Consistently zero officer compensation, indicating high operational efficiency.
Stable asset base of approximately $750,000 over the past decade, demonstrating financial resilience.
Minimal liabilities ($0 or $1) across all filings, indicating a very healthy balance sheet.
Positive net income in the latest filing (Revenue $27,744 vs. Expenses $23,212), contributing to asset stability.
Clear focus on grantmaking as a private foundation (NTEE T22).

Frequently Asked Questions about Ernest And Golda Huitt Privatefoundation

Is Ernest And Golda Huitt Privatefoundation a good charity?

Based on the available data, the Ernest And Golda Huitt Privatefoundation appears to be a well-managed private foundation. It maintains a stable asset base, consistently reports zero officer compensation, and has minimal liabilities, indicating strong financial health and efficient use of resources for its grantmaking mission.

How does the foundation's spending efficiency compare to similar organizations?

With 0% officer compensation and minimal liabilities, the foundation demonstrates extremely high spending efficiency. Its administrative costs are likely very low, allowing a significant portion of its expenses to go directly towards its programmatic grants, which is a strong indicator of efficiency compared to many public charities with higher overheads.

What is the trend in the foundation's assets?

The foundation's assets have remained remarkably stable over the past decade, fluctuating around the $750,000 mark, from a low of $705,892 in 2013 to a high of $763,142 in 2011, and currently standing at $746,362. This indicates a well-preserved endowment.

Filing History

IRS 990 filing history for Ernest And Golda Huitt Privatefoundation showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Ernest And Golda Huitt Privatefoundation's revenue has grown by 16.8%, moving from $24K to $28K. Total assets decreased by 0.4% over the same period, from $763K to $760K. Total functional expenses fell by 45%, from $42K to $23K. In its most recent filing year (2023), Ernest And Golda Huitt Privatefoundation reported a surplus of $5K, with revenue exceeding expenses. The organization holds $1 in liabilities against $760K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $760K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$28K	$23K	$760K	$1	—	—
2022	$32K	$39K	$754K	$1	—	—
2021	$88K	$62K	$758K	$1	—	—
2020	$38K	$59K	$733K	$1	—	—
2019	$53K	$54K	$754K	$1	—	View 990
2015	$55K	$53K	$750K	$0	—	View 990
2014	$92K	$52K	$746K	$0	—	View 990
2013	$43K	$57K	$706K	$0	—	View 990
2012	$12K	$57K	$720K	$0	—	View 990
2011	$24K	$42K	$763K	$1	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $28K, expenses of $23K, and assets of $760K (revenue -14.0% year-over-year).
2022: Revenue of $32K, expenses of $39K, and assets of $754K (revenue -63.1% year-over-year).
2021: Revenue of $88K, expenses of $62K, and assets of $758K (revenue +129.9% year-over-year).
2020: Revenue of $38K, expenses of $59K, and assets of $733K (revenue -27.8% year-over-year).
2019: Revenue of $53K, expenses of $54K, and assets of $754K (revenue -4.7% year-over-year).
2015: Revenue of $55K, expenses of $53K, and assets of $750K (revenue -39.9% year-over-year).
2014: Revenue of $92K, expenses of $52K, and assets of $746K (revenue +112.9% year-over-year).
2013: Revenue of $43K, expenses of $57K, and assets of $706K (revenue +254.4% year-over-year).
2012: Revenue of $12K, expenses of $57K, and assets of $720K (revenue -48.6% year-over-year).
2011: Revenue of $24K, expenses of $42K, and assets of $763K.

Data Sources and Methodology

This transparency report for Ernest And Golda Huitt Privatefoundation 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.