H Clay And Wavie M Presnell Foundation
H Clay And Wavie M Presnell Foundation shows consistent asset growth and no officer compensation.
EIN: 202007162 · Randleman, NC · NTEE: T20 · Updated: 2026-03-28
Is H Clay And Wavie M Presnell Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
H Clay And Wavie M Presnell Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About H Clay And Wavie M Presnell Foundation
H Clay And Wavie M Presnell Foundation (EIN: 202007162) is a nonprofit organization based in Randleman, NC, classified under NTEE code T20. The organization reported total revenue of $319K and total assets of $2.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of H Clay And Wavie M Presnell Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
H Clay And Wavie M Presnell Foundation is a small nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 4.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $319K |
| Total Expenses | $189K |
| Surplus / Deficit | +$130K |
| Total Assets | $2.7M |
| Total Liabilities | $1 |
| Net Assets | $2.7M |
| Operating Margin | 40.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 170.2 months |
Financial Health Grade: A
In 2024, H Clay And Wavie M Presnell Foundation reported a surplus of $130K with revenue exceeding expenses, holds 170.2 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 (2011–2024), H Clay And Wavie M Presnell Foundation's revenue has grown at a compound annual growth rate (CAGR) of 4.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +25.1% | -9.1% | +19.1% |
| 2023 | +16.8% | -0.1% | +0.3% |
| 2022 | +17.5% | +8.7% | +5.7% |
| 2021 | +9.6% | +27.5% | +14.7% |
| 2020 | -51.1% | -8.4% | +0.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2005 |
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 H Clay And Wavie M Presnell Foundation 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, H Clay And Wavie M Presnell Foundation 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $130K, 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 no salaries or other compensation are paid to officers, directors, or trustees, which is highly unusual for an organization of its size and suggests a volunteer-led or minimal overhead structure.
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 H Clay And Wavie M Presnell Foundation:
- Consistent asset growth: Assets increased from $1,087,468 in 2011 to $2,684,369 in 2024.
- No officer compensation: 0% officer compensation reported across all filings, indicating high efficiency.
- Strong financial stability: Revenue consistently exceeds expenses, allowing for asset accumulation.
- Minimal liabilities: Liabilities consistently reported as $0 or $1, indicating excellent financial management.
- Positive revenue trend: Revenue has grown from $172,808 in 2011 to $318,952 in 2024.
Frequently Asked Questions about H Clay And Wavie M Presnell Foundation
Is H Clay And Wavie M Presnell Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, H Clay And Wavie M Presnell Foundation (EIN: 202007162) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does H Clay And Wavie M Presnell Foundation spend its money?
H Clay And Wavie M Presnell Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to H Clay And Wavie M Presnell Foundation tax-deductible?
H Clay And Wavie M Presnell Foundation is registered as a tax-exempt nonprofit (EIN: 202007162). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is H Clay And Wavie M Presnell Foundation a good charity?
Based on the available IRS 990 data, the H Clay And Wavie M Presnell Foundation appears to be a very good charity. It demonstrates strong financial health with growing assets ($2.68M in 2024), consistent revenue, and very low expenses relative to revenue. The complete absence of officer compensation is a significant positive indicator of efficiency and dedication to its mission.
How has the foundation's financial health changed over time?
The foundation's financial health has consistently improved over time. Assets have more than doubled from $1,087,468 in 2011 to $2,684,369 in 2024. Revenue has also grown significantly, from $172,808 in 2011 to $318,952 in 2024, while expenses have remained well below revenue, allowing for this sustained growth.
What is the foundation's approach to executive compensation?
The foundation reports 0% officer compensation in all available filings. This indicates that its leadership is either entirely volunteer-based or compensated through other means not reported as officer compensation on the 990, which is a strong indicator of low administrative overhead.
Filing History
IRS 990 filing history for H Clay And Wavie M Presnell Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2024), H Clay And Wavie M Presnell Foundation's revenue has grown by 84.6%, moving from $173K to $319K. Total assets increased by 146.8% over the same period, from $1.1M to $2.7M. Total functional expenses rose by 123.7%, from $85K to $189K. In its most recent filing year (2024), H Clay And Wavie M Presnell Foundation reported a surplus of $130K, with revenue exceeding expenses. The organization holds $1 in liabilities against $2.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $319K | $189K | $2.7M | $1 | — | — |
| 2023 | $255K | $208K | $2.3M | $1 | — | View 990 |
| 2022 | $218K | $209K | $2.2M | $1 | — | View 990 |
| 2021 | $186K | $192K | $2.1M | $1 | — | View 990 |
| 2020 | $170K | $151K | $1.9M | $1 | — | View 990 |
| 2015 | $347K | $164K | $1.9M | $0 | — | View 990 |
| 2014 | $240K | $154K | $1.6M | $0 | — | View 990 |
| 2013 | $236K | $115K | $1.5M | $0 | — | View 990 |
| 2012 | $231K | $104K | $1.2M | $0 | — | View 990 |
| 2011 | $173K | $85K | $1.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $319K, expenses of $189K, and assets of $2.7M (revenue +25.1% year-over-year).
- 2023: Revenue of $255K, expenses of $208K, and assets of $2.3M (revenue +16.8% year-over-year).
- 2022: Revenue of $218K, expenses of $209K, and assets of $2.2M (revenue +17.5% year-over-year).
- 2021: Revenue of $186K, expenses of $192K, and assets of $2.1M (revenue +9.6% year-over-year).
- 2020: Revenue of $170K, expenses of $151K, and assets of $1.9M (revenue -51.1% year-over-year).
- 2015: Revenue of $347K, expenses of $164K, and assets of $1.9M (revenue +44.3% year-over-year).
- 2014: Revenue of $240K, expenses of $154K, and assets of $1.6M (revenue +1.8% year-over-year).
- 2013: Revenue of $236K, expenses of $115K, and assets of $1.5M (revenue +2.2% year-over-year).
- 2012: Revenue of $231K, expenses of $104K, and assets of $1.2M (revenue +33.6% year-over-year).
- 2011: Revenue of $173K, expenses of $85K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for H Clay And Wavie M Presnell Foundation:
Data Sources and Methodology
This transparency report for H Clay And Wavie M Presnell 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.