H Scott Caven Iii Memorial Foundation Inc
H Scott Caven Iii Memorial Foundation maintains strong assets but faces recurring deficits with no officer compensation.
EIN: 202450503 · Wilmington, DE · NTEE: T90 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $230K |
| Total Expenses | $102K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1.6 |
| Net Assets | $1.6M |
| Transparency Score | 75/100 |
Is H Scott Caven Iii Memorial Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
H Scott Caven Iii Memorial Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About H Scott Caven Iii Memorial Foundation Inc
H Scott Caven Iii Memorial Foundation Inc (EIN: 202450503) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T90. The organization reported total revenue of $230K and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of H Scott Caven Iii Memorial Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
H Scott Caven Iii Memorial Foundation Inc is a small nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $80K |
| Total Expenses | $102K |
| Surplus / Deficit | $-21,585 |
| Total Assets | $1.6M |
| Total Liabilities | $1 |
| Net Assets | $1.6M |
| Operating Margin | -26.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 191.3 months |
Financial Health Grade: B
In 2023, H Scott Caven Iii Memorial Foundation Inc reported a deficit of $22K with expenses exceeding revenue, holds 191.3 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 (2011–2023), H Scott Caven Iii Memorial Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -22.0% | -9.5% | -1.3% |
| 2022 | -35.3% | +21.6% | -0.6% |
| 2021 | +60.4% | +2.6% | +4.2% |
| 2020 | -52.1% | -1.4% | +0.6% |
| 2019 | +71.6% | +30.0% | +31.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Scott Caven Iii Memorial Foundation Inc 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: 80%
- fundraising: 5%
According to IRS 990 filings, H Scott Caven Iii Memorial Foundation Inc 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $22K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly unusual for an organization with over $1.6 million in assets.
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 H Scott Caven Iii Memorial Foundation Inc's IRS 990 filings:
- Recurring annual deficits (e.g., $21,585 in 2023, $9,616 in 2022) where expenses exceed revenue.
- Lack of detailed expense breakdown in provided data, hindering full spending efficiency analysis.
- Consistent 0% officer compensation for an organization with over $1.6 million in assets, which could indicate reliance on unpaid labor or other compensation structures not reported as officer pay.
Strengths
The following positive indicators were identified for H Scott Caven Iii Memorial Foundation Inc:
- Strong asset base of over $1.6 million, providing financial stability.
- Consistently low liabilities (often $1), indicating sound financial management of debt.
- No reported officer compensation, suggesting a highly lean or volunteer-led executive structure.
Frequently Asked Questions about H Scott Caven Iii Memorial Foundation Inc
Is H Scott Caven Iii Memorial Foundation Inc a legitimate charity?
H Scott Caven Iii Memorial Foundation Inc (EIN: 202450503) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $230K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does H Scott Caven Iii Memorial Foundation Inc spend its money?
H Scott Caven Iii Memorial Foundation Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to H Scott Caven Iii Memorial Foundation Inc tax-deductible?
H Scott Caven Iii Memorial Foundation Inc is registered as a tax-exempt nonprofit (EIN: 202450503). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the H Scott Caven Iii Memorial Foundation Inc CEO make?
H Scott Caven Iii Memorial Foundation Inc's highest-compensated officer earns $1.6 annually. The organization reported $230K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of H Scott Caven Iii Memorial Foundation Inc's spending goes to programs?
H Scott Caven Iii Memorial Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does H Scott Caven Iii Memorial Foundation Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), H Scott Caven Iii Memorial Foundation Inc is above average for NTEE category T90 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is H Scott Caven Iii Memorial Foundation Inc located?
H Scott Caven Iii Memorial Foundation Inc is headquartered in Wilmington, Delaware and files with the IRS under EIN 202450503. It is classified under NTEE code T90.
How many years of IRS 990 filings does H Scott Caven Iii Memorial Foundation Inc have?
H Scott Caven Iii Memorial Foundation Inc has 10 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 $230K in total revenue.
Is H Scott Caven Iii Memorial Foundation Inc financially sustainable given recent deficits?
While the foundation has a strong asset base of over $1.6 million, it has experienced deficits in recent years (e.g., $21,585 in 2023 and $9,616 in 2022). This trend, if continued, could gradually erode its assets, raising questions about long-term sustainability without increased revenue or reduced expenses.
How does the lack of officer compensation impact the organization?
The consistent 0% officer compensation suggests a volunteer-driven leadership, which can significantly reduce administrative overhead. However, it also raises questions about the capacity and professional management of an organization with substantial assets, and whether this structure is sustainable for its long-term goals.
What are the primary expenses of the foundation?
The provided data does not offer a detailed breakdown of expenses into program, administrative, or fundraising categories. Without this information, it's impossible to determine the primary areas of spending, though as a grantmaking foundation (NTEE T90), program expenses would likely be grants paid out.
Filing History
IRS 990 filing history for H Scott Caven Iii Memorial Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), H Scott Caven Iii Memorial Foundation Inc's revenue has declined by 19.8%, moving from $100K to $80K. Total assets increased by 18.4% over the same period, from $1.4M to $1.6M. Total functional expenses rose by 118.2%, from $47K to $102K. In its most recent filing year (2023), H Scott Caven Iii Memorial Foundation Inc reported a deficit of $22K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $80K | $102K | $1.6M | $1 | — | View 990 |
| 2022 | $103K | $113K | $1.6M | $1 | — | View 990 |
| 2021 | $159K | $93K | $1.7M | $1 | — | — |
| 2020 | $99K | $90K | $1.6M | $1 | — | — |
| 2019 | $207K | $92K | $1.6M | $1 | — | — |
| 2015 | $121K | $71K | $1.2M | $1 | — | View 990 |
| 2014 | $27K | $69K | $1.2M | $1 | — | View 990 |
| 2013 | $-51,429 | $69K | $1.2M | $1 | — | View 990 |
| 2012 | $14K | $67K | $1.3M | $1 | — | View 990 |
| 2011 | $100K | $47K | $1.4M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $80K, expenses of $102K, and assets of $1.6M (revenue -22.0% year-over-year).
- 2022: Revenue of $103K, expenses of $113K, and assets of $1.6M (revenue -35.3% year-over-year).
- 2021: Revenue of $159K, expenses of $93K, and assets of $1.7M (revenue +60.4% year-over-year).
- 2020: Revenue of $99K, expenses of $90K, and assets of $1.6M (revenue -52.1% year-over-year).
- 2019: Revenue of $207K, expenses of $92K, and assets of $1.6M (revenue +71.6% year-over-year).
- 2015: Revenue of $121K, expenses of $71K, and assets of $1.2M (revenue +347.4% year-over-year).
- 2014: Revenue of $27K, expenses of $69K, and assets of $1.2M.
- 2013: Revenue of $-51,429, expenses of $69K, and assets of $1.2M (revenue -480.9% year-over-year).
- 2012: Revenue of $14K, expenses of $67K, and assets of $1.3M (revenue -86.5% year-over-year).
- 2011: Revenue of $100K, expenses of $47K, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for H Scott Caven Iii Memorial Foundation Inc:
Data Sources and Methodology
This transparency report for H Scott Caven Iii Memorial 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.