Friends Of Heublein Tower
Friends Of Heublein Tower: Strong Asset Growth, Inconsistent Revenue
EIN: 222541945 · Avon, CT · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $52K |
| Total Expenses | $44K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $1.3M |
| Transparency Score | 75/100 |
Is Friends Of Heublein Tower Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of Heublein Tower directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Friends Of Heublein Tower
Friends Of Heublein Tower (EIN: 222541945) is a nonprofit organization based in Avon, CT. The organization reported total revenue of $52K and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Heublein Tower's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of Heublein Tower is a micro nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $26K |
| Total Expenses | $44K |
| Surplus / Deficit | $-18,647 |
| Total Assets | $1.3M |
| Net Assets | $1.3M |
| Operating Margin | -72.8% |
| Months of Reserves | 343.8 months |
Financial Health Grade: B
In 2023, Friends Of Heublein Tower reported a deficit of $19K with expenses exceeding revenue, holds 343.8 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Friends Of Heublein Tower's revenue has grown at a compound annual growth rate (CAGR) of 4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -18.6% | +51.6% | +21.0% |
| 2022 | -92.6% | -2.2% | -15.9% |
| 2021 | +2248.0% | -20.4% | +102.8% |
| 2020 | -65.2% | -36.8% | +6.8% |
| 2019 | +102.3% | +60.8% | +15.6% |
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 Friends Of Heublein Tower with a Mission Score of 75 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: 70%
- fundraising: 15%
According to IRS 990 filings, Friends Of Heublein Tower allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $19K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as $0 across all available filings, suggesting a volunteer-led organization.
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 Friends Of Heublein Tower's IRS 990 filings:
- Highly fluctuating revenue, from $422,766 in 2021 to $25,610 in 2023, could pose sustainability challenges if not addressed.
- The consistent reporting of 0% compensation for all years might indicate a lack of transparency regarding any indirect benefits or non-cash compensation, or it truly is 100% volunteer-run.
Strengths
The following positive indicators were identified for Friends Of Heublein Tower:
- Significant asset growth from $452,611 in 2016 to $1,267,821 in 2023 demonstrates strong financial stewardship and long-term planning.
- Consistent reporting of $0 compensation suggests a highly dedicated volunteer base, maximizing funds for the mission.
- Low expenses relative to assets, with expenses of $44,257 against assets of $1,267,821 in 2023, indicates efficient operations.
Frequently Asked Questions about Friends Of Heublein Tower
Is Friends Of Heublein Tower a legitimate charity?
Friends Of Heublein Tower (EIN: 222541945) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $52K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Friends Of Heublein Tower spend its money?
Friends Of Heublein Tower directs 70% of its spending to programs and services. Fundraising costs 15%. This meets the 65% industry benchmark.
Are donations to Friends Of Heublein Tower tax-deductible?
Friends Of Heublein Tower is registered as a tax-exempt nonprofit (EIN: 222541945). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Friends Of Heublein Tower CEO make?
Friends Of Heublein Tower's highest-compensated officer earns $0 annually. The organization reported $52K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Friends Of Heublein Tower's spending goes to programs?
Friends Of Heublein Tower directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Friends Of Heublein Tower located?
Friends Of Heublein Tower is headquartered in Avon, Connecticut and files with the IRS under EIN 222541945.
How many years of IRS 990 filings does Friends Of Heublein Tower have?
Friends Of Heublein Tower has 13 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 $52K in total revenue.
What does Friends Of Heublein Tower do?
Friends Of Heublein Tower is a nonprofit organization in the Unknown sector, located in Avon, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Friends Of Heublein Tower have?
Friends Of Heublein Tower reported total revenue of $52,249. Based on 13 IRS 990 filings on record.
What are Friends Of Heublein Tower's total assets?
Friends Of Heublein Tower holds total assets of $1,501,369 as reported in IRS 990 filings.
Where is Friends Of Heublein Tower located?
Friends Of Heublein Tower is based in Avon, Connecticut.
What is Friends Of Heublein Tower's EIN?
Friends Of Heublein Tower's Employer Identification Number (EIN) is 222541945. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Friends Of Heublein Tower?
Friends Of Heublein Tower is classified under NTEE code Unknown (Unknown).
Is Friends Of Heublein Tower a registered 501(c)(3)?
Friends Of Heublein Tower appears in IRS records (EIN: 222541945). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Friends Of Heublein Tower file IRS Form 990?
Yes, Friends Of Heublein Tower has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Friends Of Heublein Tower's revenue in 2023?
In the 202312 filing period, Friends Of Heublein Tower reported total revenue of $25,610, total expenses of $44,257, and net assets of $1,267,821.
Is Friends Of Heublein Tower's revenue growing or declining?
Friends Of Heublein Tower's revenue is declining. Revenue went from $31,476 (202212) to $25,610 (202312), a -18.6% change. Based on 13 filings on record.
What is Friends Of Heublein Tower's most recent 990 filing?
The most recent IRS Form 990 filing for Friends Of Heublein Tower covers tax period 202312. It shows revenue of $25,610, expenses of $44,257, total assets of $1,267,821, and liabilities of N/A.
How much does Friends Of Heublein Tower spend on programs vs administration?
Based on IRS 990 analysis, Friends Of Heublein Tower allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Friends Of Heublein Tower a trustworthy charity?
Based on AI analysis of IRS 990 data, Friends Of Heublein Tower appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Friends Of Heublein Tower?
The following concerns were identified: Highly fluctuating revenue, from $422,766 in 2021 to $25,610 in 2023, could pose sustainability challenges if not addressed.. The consistent reporting of 0% compensation for all years might indicate a lack of transparency regarding any indirect benefits or non-cash compensation, or it truly is 100% volunteer-run.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Friends Of Heublein Tower's strengths?
Positive indicators for Friends Of Heublein Tower include: Significant asset growth from $452,611 in 2016 to $1,267,821 in 2023 demonstrates strong financial stewardship and long-term planning.. Consistent reporting of $0 compensation suggests a highly dedicated volunteer base, maximizing funds for the mission.. Low expenses relative to assets, with expenses of $44,257 against assets of $1,267,821 in 2023, indicates efficient operations.. These findings are derived from AI analysis of the organization's financial filings.
How does Friends Of Heublein Tower compensate executives?
Executive compensation is consistently reported as $0 across all available filings, suggesting a volunteer-led organization. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent $0 compensation, how does the organization ensure leadership continuity and operational stability without paid staff?
The organization likely relies heavily on a robust volunteer recruitment and retention program, potentially with a strong board of directors providing strategic oversight and operational support.
What factors contributed to the significant revenue spike in 2021 ($422,766) and the subsequent drop in 2022 ($31,476) and 2023 ($25,610)?
This dramatic fluctuation suggests a reliance on a major one-time donation, a highly successful fundraising event in 2021, or a grant that was not sustained in subsequent years.
Filing History
IRS 990 filing history for Friends Of Heublein Tower showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Friends Of Heublein Tower's revenue has grown by 61.1%, moving from $16K to $26K. Total assets increased by 338.4% over the same period, from $289K to $1.3M. Total functional expenses rose by 92.5%, from $23K to $44K. In its most recent filing year (2023), Friends Of Heublein Tower reported a deficit of $19K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $26K | $44K | $1.3M | $0 | — | — |
| 2022 | $31K | $29K | $1.0M | $0 | — | — |
| 2021 | $423K | $30K | $1.2M | $0 | — | — |
| 2020 | $18K | $38K | $615K | $0 | — | — |
| 2019 | $52K | $59K | $576K | $0 | — | View 990 |
| 2018 | $26K | $37K | $498K | $0 | — | View 990 |
| 2017 | $45K | $19K | $527K | $833 | — | View 990 |
| 2016 | $43K | $28K | $453K | $895 | — | View 990 |
| 2015 | $30K | $40K | $413K | $1K | — | View 990 |
| 2014 | $53K | $44K | $425K | $0 | — | View 990 |
| 2013 | $36K | $17K | $400K | $0 | — | View 990 |
| 2012 | $26K | $11K | $314K | $0 | — | View 990 |
| 2011 | $16K | $23K | $289K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $26K, expenses of $44K, and assets of $1.3M (revenue -18.6% year-over-year).
- 2022: Revenue of $31K, expenses of $29K, and assets of $1.0M (revenue -92.6% year-over-year).
- 2021: Revenue of $423K, expenses of $30K, and assets of $1.2M (revenue +2248.0% year-over-year).
- 2020: Revenue of $18K, expenses of $38K, and assets of $615K (revenue -65.2% year-over-year).
- 2019: Revenue of $52K, expenses of $59K, and assets of $576K (revenue +102.3% year-over-year).
- 2018: Revenue of $26K, expenses of $37K, and assets of $498K (revenue -43.0% year-over-year).
- 2017: Revenue of $45K, expenses of $19K, and assets of $527K (revenue +5.7% year-over-year).
- 2016: Revenue of $43K, expenses of $28K, and assets of $453K (revenue +43.1% year-over-year).
- 2015: Revenue of $30K, expenses of $40K, and assets of $413K (revenue -43.7% year-over-year).
- 2014: Revenue of $53K, expenses of $44K, and assets of $425K (revenue +47.4% year-over-year).
- 2013: Revenue of $36K, expenses of $17K, and assets of $400K (revenue +37.4% year-over-year).
- 2012: Revenue of $26K, expenses of $11K, and assets of $314K (revenue +63.7% year-over-year).
- 2011: Revenue of $16K, expenses of $23K, and assets of $289K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of Heublein Tower:
Data Sources and Methodology
This transparency report for Friends Of Heublein Tower 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.