Hageman Foundation Of Hope
Hageman Foundation Of Hope shows consistent asset growth and zero reported officer compensation across all filings.
EIN: 201700412 · Monticello, MN · NTEE: T70 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.6M |
| Total Expenses | $1.7M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $8 |
| Net Assets | $7.8M |
| Transparency Score | 90/100 |
Is Hageman Foundation Of Hope Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hageman Foundation Of Hope directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hageman Foundation Of Hope
Hageman Foundation Of Hope (EIN: 201700412) is a nonprofit organization based in Monticello, MN, classified under NTEE code T70. The organization reported total revenue of $3.6M and total assets of $8.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hageman Foundation Of Hope's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hageman Foundation Of Hope is a mid-size nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $1.7M |
| Surplus / Deficit | $-86,235 |
| Total Assets | $7.8M |
| Total Liabilities | $1 |
| Net Assets | $7.8M |
| Operating Margin | -5.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 56.8 months |
Financial Health Grade: B
In 2023, Hageman Foundation Of Hope reported a deficit of $86K with expenses exceeding revenue, holds 56.8 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), Hageman Foundation Of Hope's revenue has grown at a compound annual growth rate (CAGR) of 4.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -18.9% | +60.9% | -1.3% |
| 2022 | -40.5% | +26.3% | +6.1% |
| 2021 | +31.5% | +73.8% | +48.3% |
| 2020 | +1083.0% | +67.8% | +65.9% |
| 2019 | -77.6% | +12.9% | +71.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Hageman Foundation Of Hope 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Hageman Foundation Of Hope allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $86K, 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 either volunteer leadership or compensation being covered by an affiliated entity, which is highly favorable for donor trust and efficient use of funds relative to the organization's growing asset base of over $8 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.
Red Flags
The following concerns were identified during AI analysis of Hageman Foundation Of Hope's IRS 990 filings:
- Expenses exceeded revenue in some recent periods (e.g., $1,656,740 expenses vs. $1,570,505 revenue in 2023), indicating a potential reliance on reserves or prior year surpluses.
Strengths
The following positive indicators were identified for Hageman Foundation Of Hope:
- Consistent asset growth, from $1.3 million in 2011 to over $8.2 million currently, indicating strong financial management and sustainability.
- Zero reported officer compensation across all 10 filings, demonstrating exceptional efficiency and commitment to directing funds towards the mission.
- Minimal liabilities ($1 in recent years), indicating a very strong balance sheet and low financial risk.
- Strong revenue generation capacity, with latest revenue at $3,641,271 and a peak of $3,255,391 in 2021.
Frequently Asked Questions about Hageman Foundation Of Hope
Is Hageman Foundation Of Hope a legitimate charity?
Based on AI analysis of IRS 990 filings, Hageman Foundation Of Hope (EIN: 201700412) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Hageman Foundation Of Hope spend its money?
Hageman Foundation Of Hope directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hageman Foundation Of Hope tax-deductible?
Hageman Foundation Of Hope is registered as a tax-exempt nonprofit (EIN: 201700412). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Hageman Foundation Of Hope CEO make?
Hageman Foundation Of Hope's highest-compensated officer earns $8 annually. The organization reported $3.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Hageman Foundation Of Hope's spending goes to programs?
Hageman Foundation Of Hope directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hageman Foundation Of Hope compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Hageman Foundation Of Hope is above average for NTEE category T70 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hageman Foundation Of Hope located?
Hageman Foundation Of Hope is headquartered in Monticello, Minnesota and files with the IRS under EIN 201700412. It is classified under NTEE code T70.
How many years of IRS 990 filings does Hageman Foundation Of Hope have?
Hageman Foundation Of Hope 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 $3.6M in total revenue.
Is Hageman Foundation Of Hope a good charity?
Based on the available data, Hageman Foundation Of Hope appears to be a good charity. It demonstrates strong financial health with growing assets ($8,208,818), minimal liabilities ($1), and a remarkable record of zero reported officer compensation, suggesting efficient use of funds.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved over time, with assets growing from $1,303,797 in 2011 to $8,208,818 currently. Revenue and expenses have fluctuated, but the overall trend shows substantial growth in financial capacity.
What is the trend in revenue and expenses?
Revenue has shown significant variability, peaking at $3,255,391 in 2021 and $3,641,271 in the latest period, but also dipping to $209,315 in 2019. Expenses have generally increased in line with revenue growth, though in some years (e.g., 2023, 2013, 2011), expenses exceeded revenue.
Filing History
IRS 990 filing history for Hageman Foundation Of Hope showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Hageman Foundation Of Hope's revenue has grown by 60.1%, moving from $981K to $1.6M. Total assets increased by 501.7% over the same period, from $1.3M to $7.8M. Total functional expenses rose by 17.8%, from $1.4M to $1.7M. In its most recent filing year (2023), Hageman Foundation Of Hope reported a deficit of $86K, with expenses exceeding revenue. The organization holds $1 in liabilities against $7.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $7.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $1.7M | $7.8M | $1 | — | — |
| 2022 | $1.9M | $1.0M | $8.0M | $1 | — | View 990 |
| 2021 | $3.3M | $815K | $7.5M | $1 | — | View 990 |
| 2020 | $2.5M | $469K | $5.1M | $1 | — | — |
| 2019 | $209K | $279K | $3.0M | $0 | — | View 990 |
| 2015 | $934K | $248K | $1.8M | $0 | — | View 990 |
| 2014 | $769K | $609K | $1.1M | $0 | — | View 990 |
| 2013 | $577K | $871K | $927K | $0 | — | View 990 |
| 2012 | $728K | $808K | $1.2M | $0 | — | View 990 |
| 2011 | $981K | $1.4M | $1.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $1.7M, and assets of $7.8M (revenue -18.9% year-over-year).
- 2022: Revenue of $1.9M, expenses of $1.0M, and assets of $8.0M (revenue -40.5% year-over-year).
- 2021: Revenue of $3.3M, expenses of $815K, and assets of $7.5M (revenue +31.5% year-over-year).
- 2020: Revenue of $2.5M, expenses of $469K, and assets of $5.1M (revenue +1083.0% year-over-year).
- 2019: Revenue of $209K, expenses of $279K, and assets of $3.0M (revenue -77.6% year-over-year).
- 2015: Revenue of $934K, expenses of $248K, and assets of $1.8M (revenue +21.5% year-over-year).
- 2014: Revenue of $769K, expenses of $609K, and assets of $1.1M (revenue +33.2% year-over-year).
- 2013: Revenue of $577K, expenses of $871K, and assets of $927K (revenue -20.7% year-over-year).
- 2012: Revenue of $728K, expenses of $808K, and assets of $1.2M (revenue -25.8% year-over-year).
- 2011: Revenue of $981K, expenses of $1.4M, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hageman Foundation Of Hope:
Data Sources and Methodology
This transparency report for Hageman Foundation Of Hope 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.