Haddorff Family Foundation
Haddorff Family Foundation maintains strong asset growth with zero executive compensation and efficient grant-making operations.
EIN: 208262995 · Eden Prairie, MN · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $974K |
| Total Expenses | $199K |
| Program Spending | 95% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $2.5M |
| Transparency Score | 95/100 |
Is Haddorff Family Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Haddorff Family Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Haddorff Family Foundation
Haddorff Family Foundation (EIN: 208262995) is a nonprofit organization based in Eden Prairie, MN, classified under NTEE code B82. The organization reported total revenue of $974K and total assets of $2.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Haddorff Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Haddorff Family Foundation is a small nonprofit that has been operating for 13 years, with 9 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 64.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $160K |
| Total Expenses | $199K |
| Surplus / Deficit | $-38,783 |
| Total Assets | $2.5M |
| Total Liabilities | $1 |
| Net Assets | $2.5M |
| Operating Margin | -24.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 149.7 months |
Financial Health Grade: B
In 2023, Haddorff Family Foundation reported a deficit of $39K with expenses exceeding revenue, holds 149.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2023), Haddorff Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 64.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -82.4% | +117.3% | +25.3% |
| 2022 | +65.1% | -21.6% | +0.8% |
| 2021 | +51.1% | +118.9% | +29.0% |
| 2020 | +21.5% | +46.9% | +55.1% |
| 2019 | +1521.5% | +450.9% | +783.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2013 |
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 Haddorff Family 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Haddorff Family Foundation 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $39K, 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 no officers or key employees receive salaries from the foundation, which is highly commendable for an organization of its size with assets nearing $3 million.
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 Haddorff Family Foundation:
- Consistent asset growth, from $51,237 in 2011 to $2,892,339 currently.
- Zero officer compensation reported across all 9 filings, indicating high efficiency and direct mission spending.
- Very low liabilities ($1 or $0) across all periods, suggesting strong financial stability.
- High program spending ratio due to minimal administrative and no executive costs.
- Strong revenue generation in recent years, such as $913,052 in 2022, supporting asset growth and grant-making capacity.
Frequently Asked Questions about Haddorff Family Foundation
Is Haddorff Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Haddorff Family Foundation (EIN: 208262995) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Haddorff Family Foundation spend its money?
Haddorff Family Foundation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Haddorff Family Foundation tax-deductible?
Haddorff Family Foundation is registered as a tax-exempt nonprofit (EIN: 208262995). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Haddorff Family Foundation CEO make?
Haddorff Family Foundation's highest-compensated officer earns $3 annually. The organization reported $974K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Haddorff Family Foundation compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Haddorff Family Foundation is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Haddorff Family Foundation located?
Haddorff Family Foundation is headquartered in Eden Prairie, Minnesota and files with the IRS under EIN 208262995. It is classified under NTEE code B82.
How many years of IRS 990 filings does Haddorff Family Foundation have?
Haddorff Family Foundation has 9 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 $974K in total revenue.
Is Haddorff Family Foundation a good charity?
Yes, the Haddorff Family Foundation appears to be a very good charity, especially for those interested in supporting a private grant-making foundation. It demonstrates excellent financial health, consistent asset growth, and a highly efficient operational model with zero executive compensation.
How does the foundation manage its expenses?
The foundation manages its expenses very efficiently. With zero officer compensation reported across all filings, nearly all expenses are directed towards its programmatic activities (grants) and minimal administrative overhead. For example, in 2022, expenses were only $91,627 against $913,052 in revenue, indicating a very lean operation.
What is the trend in the foundation's assets?
The foundation shows a strong and consistent trend of asset growth, increasing from $51,237 in 2011 to $2,892,339 in the latest period. This indicates effective financial management and investment strategies.
Filing History
IRS 990 filing history for Haddorff Family Foundation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2023), Haddorff Family Foundation's revenue has grown by 39106.4%, moving from $409 to $160K. Total assets increased by 4748.5% over the same period, from $51K to $2.5M. In its most recent filing year (2023), Haddorff Family Foundation reported a deficit of $39K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $160K | $199K | $2.5M | $1 | — | — |
| 2022 | $913K | $92K | $2.0M | $1 | — | — |
| 2021 | $553K | $117K | $2.0M | $1 | — | View 990 |
| 2020 | $366K | $53K | $1.5M | $1 | — | View 990 |
| 2019 | $301K | $36K | $983K | $1 | — | — |
| 2015 | $19K | $7K | $111K | $1 | — | View 990 |
| 2014 | $36K | $8K | $110K | $1 | — | View 990 |
| 2013 | $28K | $1K | $82K | $0 | — | View 990 |
| 2011 | $409 | $0 | $51K | $1 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $160K, expenses of $199K, and assets of $2.5M (revenue -82.4% year-over-year).
- 2022: Revenue of $913K, expenses of $92K, and assets of $2.0M (revenue +65.1% year-over-year).
- 2021: Revenue of $553K, expenses of $117K, and assets of $2.0M (revenue +51.1% year-over-year).
- 2020: Revenue of $366K, expenses of $53K, and assets of $1.5M (revenue +21.5% year-over-year).
- 2019: Revenue of $301K, expenses of $36K, and assets of $983K (revenue +1521.5% year-over-year).
- 2015: Revenue of $19K, expenses of $7K, and assets of $111K (revenue -48.5% year-over-year).
- 2014: Revenue of $36K, expenses of $8K, and assets of $110K (revenue +30.8% year-over-year).
- 2013: Revenue of $28K, expenses of $1K, and assets of $82K (revenue +6639.6% year-over-year).
- 2011: Revenue of $409, expenses of $0, and assets of $51K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Haddorff Family Foundation:
Data Sources and Methodology
This transparency report for Haddorff Family 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.