Hagerty Brothers Company Foundation
Hagerty Brothers Company Foundation faces significant financial challenges with consistent revenue shortfalls and declining assets.
EIN: 205838347 · Bozeman, MT · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $25K |
| Total Expenses | $11K |
| Program Spending | 70% |
| Net Assets | $84K |
| Transparency Score | 40/100 |
Is Hagerty Brothers Company Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hagerty Brothers Company Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Hagerty Brothers Company Foundation
Hagerty Brothers Company Foundation (EIN: 205838347) is a nonprofit organization based in Bozeman, MT, classified under NTEE code T20. The organization reported total revenue of $25K and total assets of $57K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hagerty Brothers Company Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hagerty Brothers Company Foundation is a micro nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -35.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $29 |
| Total Expenses | $11K |
| Surplus / Deficit | $-10,651 |
| Total Assets | $84K |
| Total Liabilities | $1 |
| Net Assets | $84K |
| Operating Margin | -36727.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 94.1 months |
Financial Health Grade: B
In 2023, Hagerty Brothers Company Foundation reported a deficit of $11K with expenses exceeding revenue, holds 94.1 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), Hagerty Brothers Company Foundation's revenue has declined at a compound annual growth rate (CAGR) of -35.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -100.6% | +11.5% | -10.9% |
| 2021 | +1813.3% | +16.2% | -7.0% |
| 2020 | -95.7% | -29.8% | -7.1% |
| 2019 | +12.2% | +82.6% | -16.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Hagerty Brothers Company Foundation with a Mission Score of 40 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Hagerty Brothers Company Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. 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 $11K, 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 are drawing salaries from the foundation, which is positive for resource allocation.
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 Hagerty Brothers Company Foundation's IRS 990 filings:
- Consistent and significant revenue shortfalls compared to expenses (e.g., $29 revenue vs. $10,680 expenses in 2023).
- Steady decline in total assets over the past decade (from $142,273 in 2011 to $83,755 in 2023).
- Negative revenue reported in 202212 ($-13), indicating a net outflow even before expenses.
- Low current assets ($56,935) relative to historical levels and ongoing expenses, suggesting limited operational runway.
Strengths
The following positive indicators were identified for Hagerty Brothers Company Foundation:
- No reported officer compensation across all filings, indicating efficient use of funds in this area.
- Consistently low liabilities ($0 or $1), suggesting responsible debt management.
- Regular filing of IRS Form 990s, demonstrating compliance and transparency in reporting.
Frequently Asked Questions about Hagerty Brothers Company Foundation
Is Hagerty Brothers Company Foundation a legitimate charity?
Hagerty Brothers Company Foundation (EIN: 205838347) is a registered tax-exempt nonprofit based in Montana. Our AI analysis gives it a Mission Score of 40/100. It has 10 years of IRS 990 filings on record. Total revenue: $25K. 4 red flags identified. 3 strengths noted. Financial health grade: B.
How does Hagerty Brothers Company Foundation spend its money?
Hagerty Brothers Company Foundation directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Hagerty Brothers Company Foundation tax-deductible?
Hagerty Brothers Company Foundation is registered as a tax-exempt nonprofit (EIN: 205838347). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hagerty Brothers Company Foundation's spending goes to programs?
Hagerty Brothers Company Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Hagerty Brothers Company Foundation compare to similar nonprofits?
With a transparency score of 40/100 (Fair), Hagerty Brothers Company Foundation is near average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hagerty Brothers Company Foundation located?
Hagerty Brothers Company Foundation is headquartered in Bozeman, Montana and files with the IRS under EIN 205838347. It is classified under NTEE code T20.
How many years of IRS 990 filings does Hagerty Brothers Company Foundation have?
Hagerty Brothers Company Foundation 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 $25K in total revenue.
Is Hagerty Brothers Company Foundation financially sustainable?
Based on the provided data, the foundation's financial sustainability is questionable. It consistently operates with revenue significantly lower than expenses (e.g., $29 revenue vs. $10,680 expenses in 2023), leading to a steady decline in assets from $142,273 in 2011 to $83,755 in 2023.
What is the primary source of funding for the foundation?
The provided data does not specify the primary source of funding. However, given the consistently low revenue figures (e.g., $29, $-13, $2,296 in recent years), it appears the foundation is not generating substantial income from typical sources like donations or grants, and is instead drawing down its asset base.
How does the foundation allocate its expenses?
The provided data only gives total expenses. A detailed breakdown of program, administrative, and fundraising expenses is not available, making it difficult to assess specific allocation efficiency.
Filing History
IRS 990 filing history for Hagerty Brothers Company Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Hagerty Brothers Company Foundation's revenue has declined by 99.5%, moving from $6K to $29. Total assets decreased by 41.1% over the same period, from $142K to $84K. Total functional expenses fell by 36.2%, from $17K to $11K. In its most recent filing year (2023), Hagerty Brothers Company Foundation reported a deficit of $11K, with expenses exceeding revenue. The organization holds $1 in liabilities against $84K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $84K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $29 | $11K | $84K | $1 | — | — |
| 2022 | $-13 | $12K | $94K | $1 | — | — |
| 2021 | $2K | $10K | $106K | $1 | — | — |
| 2020 | $120 | $9K | $114K | $1 | — | — |
| 2019 | $3K | $13K | $123K | $1 | — | View 990 |
| 2015 | $2K | $7K | $148K | $0 | — | View 990 |
| 2014 | $26K | $8K | $152K | $0 | — | View 990 |
| 2013 | $9K | $14K | $133K | $0 | — | View 990 |
| 2012 | $7K | $11K | $138K | $1 | — | View 990 |
| 2011 | $6K | $17K | $142K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $29, expenses of $11K, and assets of $84K.
- 2022: Revenue of $-13, expenses of $12K, and assets of $94K (revenue -100.6% year-over-year).
- 2021: Revenue of $2K, expenses of $10K, and assets of $106K (revenue +1813.3% year-over-year).
- 2020: Revenue of $120, expenses of $9K, and assets of $114K (revenue -95.7% year-over-year).
- 2019: Revenue of $3K, expenses of $13K, and assets of $123K (revenue +12.2% year-over-year).
- 2015: Revenue of $2K, expenses of $7K, and assets of $148K (revenue -90.5% year-over-year).
- 2014: Revenue of $26K, expenses of $8K, and assets of $152K (revenue +184.8% year-over-year).
- 2013: Revenue of $9K, expenses of $14K, and assets of $133K (revenue +35.8% year-over-year).
- 2012: Revenue of $7K, expenses of $11K, and assets of $138K (revenue +17.2% year-over-year).
- 2011: Revenue of $6K, expenses of $17K, and assets of $142K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hagerty Brothers Company Foundation:
Data Sources and Methodology
This transparency report for Hagerty Brothers Company 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.